NFFC Financial Talk

[wassy04]

Wassy, I think if we go down then a few of our existing squad will be sold, maybe for less then we purchased them, but this should also be taken into account?

It would depend when we make the sale, if it's before 30th June then it means we're struggling as we need it for next year's accounts. Otherwise those sales would go into the next championship season.

Take Freuler as an example though, paid 10m approx, lets presume he signed a 3 year deal. That would mean that in the next set of accounts it'll show a 3m hit and for the next two years after that. If we sold him for half that say 5m in the summer, we'd have to take the 7m remaining in his value so we'd make a loss on that transaction of 2m say. However, we then wouldn't need to pay the amortisation of 3m so net 1m, plus we'd save on his wages.

The point to note is that selling players isn't going to necessarily just cover losses. UNLESS, they are academy players or free transfers as we can book their entire fee instantly and there's nothing to offset. Eg Brennan would make us a killing. Lets just hope his release clause isn't too low.