03-03-2019, 03:26 PM
(02-03-2019, 10:40 PM)NG3 Wrote:(02-03-2019, 10:16 PM)zicorice Wrote: So we are protected fom Ffp then as things stand?
I obviously don't have access to the full accounts, but yes, we're quite safe at present & can spend, by our standards, relatively big still.
It's one I've been watching for & the new owners have grasped it so it's not only under control but I expect it to stay that way too.
The missing year, this year, should see an increased wage bill, so that will cost a little but because of amortisation the £25m summer spend doesn't get written down as £25m, of the bigger transfers Figueiredo is spread over 4 years, so about £500k a year, Carvalho over 5 years, so about £2.6m a year, Soudani over 3 years, about £1m a year & Grabban over 4 years, so about £1.5m a year.
That leaves last summers spending being recorded as about £5.6m, which is offset by Brereton's sale, meaning we're not far off break evens for transfers this year, with a slight increase in wages, possibly offset by increased ticket sales & commercial revenue.
Of course that means we carry next year's £5.6m instalment in to the summer, which comes off the summer spend, so we don't have bottomless pockets, but we still have spending power without troubling FFP.
Ty for that. It makes things simple to understand re: our ffp position.
In short, we're being well run.
SA.