NFFC Financial Talk

[wassy04]

I read it today in The Guardian I think it was.

It states that the current 2020 financial year will not be assessed at all under FFP procedures, and will instead be rolled up into 2021, and the two years assessed together as a single financial period.

Uefa also confirmed that clubs would be allowed losses in excess of €30m as long as they show this was caused by falls in revenues because of the shutdown caused by Covid 19.

Bumping this post. UEFA are allowing clubs to count lost revenue as a result of covid from ticket sales etc towards FFP. It doesn't mean we can spend any more on players or wages. It just means, if the EFL adopt them, and if Marinakis is willing to, he can cover the loss of revenue out of his own pocket.

The other change is scrapping 2019/20 from the 3 year rolling window. So for the 3 seasons just gone, FFP will only cover 2 seasons (2017/18 & 2018/19). After next season, it will cover 4 seasons (2017/18, 2018/19, 2019/20 & 2020/21), with the losses of the latter 2 seasons halved so they roughly reflect one season, and in total resembles a 3 year period. Total allowed losses, after accounting for covid affected revenue, are unchanged.

So it does not mean Marinakis can go out and spend on players, unfortunately.

What I did note though is that only 2 seasons are counted in the recent observation period, not 3 seasons, yet the permitted loss does not seem to have changed. So clubs who could have breached it this season may have got a reprieve.

Though because the following reporting period is extended to 4 seasons, 2017/18 which would have rolled off will still be included. So bad if you made large losses in that year. Good if you didn't.

Note these are the UEFA rule changes, I don't think the EFL have decided on whether they will reflect these changes exactly or go off piste yet.

Uefa/EFL rules are completely different so this is fairly irrelevant. The rules will.be relaxed though otherwise most teams would fail this year

[Widdow]

They didn’t push to go up straightaway though if you think they did can you show me how?

They have never spent more than they have received in any transfer window.

If they have the money this is the year to go for it!

Take advantage of desperate clubs, wages will be reduced as a result of Covid. Time to push boat out and build on the team that Nearly got us into play offs, not sell off the better younger players

Perhaps they can use some of the money put aside for building the new stand as that doesn’t look like it’s going to happen for a year or so.

Build success on the pitch the rest will follow

[Paplane]

I read it today in The Guardian I think it was.

It states that the current 2020 financial year will not be assessed at all under FFP procedures, and will instead be rolled up into 2021, and the two years assessed together as a single financial period.

Uefa also confirmed that clubs would be allowed losses in excess of €30m as long as they show this was caused by falls in revenues because of the shutdown caused by Covid 19.

Bumping this post. UEFA are allowing clubs to count lost revenue as a result of covid from ticket sales etc towards FFP. It doesn't mean we can spend any more on players or wages. It just means, if the EFL adopt them, and if Marinakis is willing to, he can cover the loss of revenue out of his own pocket.

The other change is scrapping 2019/20 from the 3 year rolling window. So for the 3 seasons just gone, FFP will only cover 2 seasons (2017/18 & 2018/19). After next season, it will cover 4 seasons (2017/18, 2018/19, 2019/20 & 2020/21), with the losses of the latter 2 seasons halved so they roughly reflect one season, and in total resembles a 3 year period. Total allowed losses, after accounting for covid affected revenue, are unchanged.

So it does not mean Marinakis can go out and spend on players, unfortunately.

What I did note though is that only 2 seasons are counted in the recent observation period, not 3 seasons, yet the permitted loss does not seem to have changed. So clubs who could have breached it this season may have got a reprieve.

Though because the following reporting period is extended to 4 seasons, 2017/18 which would have rolled off will still be included. So bad if you made large losses in that year. Good if you didn't.

Note these are the UEFA rule changes, I don't think the EFL have decided on whether they will reflect these changes exactly or go off piste yet.

Uefa/EFL rules are completely different so this is fairly irrelevant. The rules will.be relaxed though otherwise most teams would fail this year

We'll need to be worrying about the eufa ffp rules in a year's time.  :angel:

[wassy04]

They didn’t push to go up straightaway though if you think they did can you show me how?

They have never spent more than they have received in any transfer window.

If they have the money this is the year to go for it!

Take advantage of desperate clubs, wages will be reduced as a result of Covid. Time to push boat out and build on the team that Nearly got us into play offs, not sell off the better younger players

Perhaps they can use some of the money put aside for building the new stand as that doesn’t look like it’s going to happen for a year or so.

Build success on the pitch the rest will follow

Didn't we bring in around 15-20 players under Karanka? 25m according to transfermarkt. (13m carv, 6m grabban) plus a few others. Plus loan fees too, seems a fair wedge to me. Baring in mind as discussed above we lose around 25m a year without any intervention so thats a considerable investment.

[stirred]

I read it today in The Guardian I think it was.

It states that the current 2020 financial year will not be assessed at all under FFP procedures, and will instead be rolled up into 2021, and the two years assessed together as a single financial period.

Uefa also confirmed that clubs would be allowed losses in excess of €30m as long as they show this was caused by falls in revenues because of the shutdown caused by Covid 19.

Bumping this post. UEFA are allowing clubs to count lost revenue as a result of covid from ticket sales etc towards FFP. It doesn't mean we can spend any more on players or wages. It just means, if the EFL adopt them, and if Marinakis is willing to, he can cover the loss of revenue out of his own pocket.

The other change is scrapping 2019/20 from the 3 year rolling window. So for the 3 seasons just gone, FFP will only cover 2 seasons (2017/18 & 2018/19). After next season, it will cover 4 seasons (2017/18, 2018/19, 2019/20 & 2020/21), with the losses of the latter 2 seasons halved so they roughly reflect one season, and in total resembles a 3 year period. Total allowed losses, after accounting for covid affected revenue, are unchanged.

So it does not mean Marinakis can go out and spend on players, unfortunately.

What I did note though is that only 2 seasons are counted in the recent observation period, not 3 seasons, yet the permitted loss does not seem to have changed. So clubs who could have breached it this season may have got a reprieve.

Though because the following reporting period is extended to 4 seasons, 2017/18 which would have rolled off will still be included. So bad if you made large losses in that year. Good if you didn't.

Note these are the UEFA rule changes, I don't think the EFL have decided on whether they will reflect these changes exactly or go off piste yet.

Uefa/EFL rules are completely different so this is fairly irrelevant. The rules will.be relaxed though otherwise most teams would fail this year

They're essentially the same - maximum allowed losses over a 3 year period with exceptions for spending on areas like academies & infrastructure - but with a different amount of allowable losses.

[Sniffer Dog (Admin)]

They didn’t push to go up straightaway though if you think they did can you show me how?

They have never spent more than they have received in any transfer window.

If they have the money this is the year to go for it!

Take advantage of desperate clubs, wages will be reduced as a result of Covid. Time to push boat out and build on the team that Nearly got us into play offs, not sell off the better younger players

Perhaps they can use some of the money put aside for building the new stand as that doesn’t look like it’s going to happen for a year or so.

Build success on the pitch the rest will follow

Very big ask that Widdow when you consider all the debts and all the shit that they inherited. To take over a club that was one breath from death and then to throw everything financially at mounting an immediate promotion challenge was never going to happen nor should it.

[Sabricadabra]

They didn’t push to go up straightaway though if you think they did can you show me how?

They have never spent more than they have received in any transfer window.

If they have the money this is the year to go for it!

Take advantage of desperate clubs, wages will be reduced as a result of Covid. Time to push boat out and build on the team that Nearly got us into play offs, not sell off the better younger players

Perhaps they can use some of the money put aside for building the new stand as that doesn’t look like it’s going to happen for a year or so.

Build success on the pitch the rest will follow

FFP


The money towards the stand isn’t included towards FFP, but player wages and transfer fees is.

The owners already inject close to the maximum permissible amount of equity per season. It doesn’t matter how many billions they have, they can only put in an extra £8m a year over and above the club’s income (which is about 12th highest in the Championship).

[Jean_claude_killy]

The wage caps for Leagues 1 and 2 were voted in yesterday and are applicable as of now.

The Championship Clubs are still discussing the proposals on the table; they are:

Clubs limited to a wage bill of 18m covering a 25 man squad; this will include agents fees.

The cap excludes home developed players under the age of 21.

Existing contracts over 10k per week will be counted at a notional level of 10k per week until phased out when the contract expires or the player leaves; all new signings will count at their new level.

This will certainly level the playing field with Parachute payment Clubs.

Bournemouth for example, have just sold Ake and will probably end up selling Wilson who would be two of their top paid players; had they remained at the Club their wages would count at the 10k level.

They now have to find replacements and get them to accept a wage in line with the cap.

This will also put us in a good position and allow the purse strings to be opened a little bit wider than usual.

[ThePromisedLand]

As I’ve said before JK - whether it be sensible or not - can you really see this being voted through to start this season?

[stirred]

I read that the wage cap applied to 'anyone signed after the vote' for L1 & L2. If that is accurate, it might be savvy to sign a player or 2 quickly before they count towards any wage cap?

[Jon Moss]

Surely there are ways around a wage cap. A big bonus for example or even a bung in the pocket.

[wassy04]

Surely there are ways around a wage cap. A big bonus for example or even a bung in the pocket.

It did say promotion bonuses are exempt and cup run bonuses too but that makes sense as you'd have increased income anyway