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Accounts for 2018/9 out today, if anyone who fully understands these things could give us a run down would be appreciated.
Headlines
Net loss £36M ( up from £22M previous year)
£23 M borrowed from owner
Wages 143% of income
Bought players for £22.7M , sales of £11M, outstanding liabilities of £4.7M in add ons
Outstanding loans £59M
Im not an expert but much of that looks pretty alarming.
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Fawaz will still be copping the blame for that wage bill :D
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I blame Karanka and his recruitment team for most of that wage bill. Think we have signed something like 45 players in the last 2 years. No surprise wages are high although I think the headline percentage has dropped slightly.
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(03-03-2020, 09:12 AM)Alf Wrote: Fawaz will still be copping the blame for that wage bill :D
In all seriousness it's no laughing matter.
The shit that Fawaz left behind was far worse than anyone could have imagined. To say that the club was on it's knees is an understatement. It was one breath away from death.
I am not saying the present owners are completely blameless but the one thing they are guilty of more than anything else is underestimating and realising just how big the mess was at the club when they took over. It seems that Sam Gordon has now payed the price for that.
Panic on the streets of London
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The guy who's tweeting about the accounts reckons we're in decent shape regarding FFP though.
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More to it than the playing staff Alf. The mess inherited was so much deeper than that. There is a bigger picture to look at.
Panic on the streets of London
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See I dont understand these things, profit and sustainability wise we dont look too bad. Rolling 3 year loss is only around £10M, So playing side isnt a huge issue, more the bigger picture of how much the owners are willing to invest (and potentially lose) in the club. The fact they are building a new stand suggests we should have few concerns on that side
PriceOfFootball
@KieranMaguire
For anyone wondering about Forest's #FFP status, I estimate they have no problems in being within the 3 year rolling loss limit of £39 million mainly due to player sales profits covering the day to day losses. #NFFC
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Forest's operating losses also mid table in terms of the car crash that is the Championship.. It's noticeable that club with the biggest losses Aston Villa was promoted & the only one to make a profit were Rotherham who got relegated
Norwich 4th also got promoted
Forest wage bill not excessive by Championship standards. Average weekly wage just short of £17k a week.
Everyone is entitled to my opinion - COYR :)
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(03-03-2020, 10:16 AM)Salvatore Matrecano Wrote: See I dont understand these things, profit and sustainability wise we dont look too bad. Rolling 3 year loss is only around £10M, So playing side isnt a huge issue, more the bigger picture of how much the owners are willing to invest (and potentially lose) in the club. The fact they are building a new stand suggests we should have few concerns on that side
PriceOfFootball
@KieranMaguire
For anyone wondering about Forest's #FFP status, I estimate they have no problems in being within the 3 year rolling loss limit of £39 million mainly due to player sales profits covering the day to day losses. #NFFC
If we don't go up that'll be Cash, Worrall, Lolley and Brice gone. No worries about falling foul of ffp but it'll be a sad day if we cash in that lot.
