02-03-2019, 10:16 PM
(02-03-2019, 10:07 PM)NG3 Wrote:(02-03-2019, 08:25 PM)zicorice Wrote:(01-03-2019, 07:02 PM)ozzyten10 Wrote: This year’s figures (posted next year) will be interesting. I can see a number of issues but hopefully offset by increased sponsorship, TV and increased attendances. This should see us well within the £39m allowable loss limit. It is also on the agenda that this is to be increased slightly by the EFL in future accounting periods with the allowable use of writing off of loans becoming popular amongst owners in the division. Their argument being the inequality die to parachute payments. This would in theory protect clubs in loading debt and ensure creditors are paid. However Uefa / FIFA are not on the same sheet.Didn't the takeover produce a huge 2017 accounting profit (£32 million from memory) due to writing off of loans? Even though in reality it doesn't mean there is lots of cash to spend, would it protect us from ffp for a good while?
I’m confident the club knows what they are doing and have enough wiggle room to maintain sensible investment next year if as likely we don’t make it up. I don’t expect any £10m signings though.
No, only a % of that counts as there are limits on personal investment (of which debt write offs count), however we're nowhere near danger at present.
Amortised we could still spend a shitload (technical term) this summer, although that is no guarantee that we will.
Just because you can max out the credit card doesn't mean you should, or would.
So we are protected fom Ffp then as things stand?