Quote from: PeterWithesShin on June 01, 2018, 05:00:26 AMYou can lose an average of £13m a year in this division, so it's always £39m over a 3 year period for us now until we either leave this division or there's a rule changes. However that's only if the owner injects £8m cash into the club each year. If he doesn't then it's a £5m a year loss, so then we could only lose £15m over 3 years.The trouble is that accounting years don't match up to football seasons. The first accounts we posted while in this division in 16/17 surely included our last year in the prem and the prem-level wages. As we were not subject to FFP in that time our losses in terms of FFP should not have been the same as the loss in our accounts, right?In fact, the 14M loss we posted in Feb 2018 was to y/e 31st March 2017. Meaning the one we posted the year before was for prem season only. So while under FFP we have only reported one loss of 14M. Is the speculation that our second lot of accounts under FFP, to y/e 31st March 2019, will be a lot worse? If not, what's the problem?
You can lose an average of £13m a year in this division, so it's always £39m over a 3 year period for us now until we either leave this division or there's a rule changes. However that's only if the owner injects £8m cash into the club each year. If he doesn't then it's a £5m a year loss, so then we could only lose £15m over 3 years.
Quote from: langleylions on June 02, 2018, 03:36:24 PMLet's all get used to the fact that Dr tone hasn't got a pot to piss in . This club was bought for peanuts ffs even blues cost more . AaaaaaaaarrrrrggghhhhhhhhFFP is restricting investment, it doesn’t make us ‘skint’. Xia bought the club for £57m (paid in cash), cleared £17m debt (in cash) and injected £49m cash into the club.
Let's all get used to the fact that Dr tone hasn't got a pot to piss in . This club was bought for peanuts ffs even blues cost more .
Xia stated none of the parachute money had been used for transfers.
Quote from: Ads on June 02, 2018, 05:58:23 PMXia stated none of the parachute money had been used for transfers. Where is the parachute money then? It must have been used
Where is the parachute money then?
Quote from: frank black on June 02, 2018, 06:04:48 PMQuote from: Ads on June 02, 2018, 05:58:23 PMXia stated none of the parachute money had been used for transfers. Where is the parachute money then? It must have been usedI believe the point of them is largely to cover the wages of PL contracts.
I don't think Dr. Xia has put much money in at all. Transfers have been funded mainly by Parachute payments. Now that is diminishing so is the owners interest. I just don't think he has the funds required. Hiding behind FFP. Time to sell up. He screwed it up with the appointment of RDM and wasted millions on mainly average players - Kodjia excepted.
Quote from: Villafirst on June 02, 2018, 05:55:11 PMI don't think Dr. Xia has put much money in at all. Transfers have been funded mainly by Parachute payments. Now that is diminishing so is the owners interest. I just don't think he has the funds required. Hiding behind FFP. Time to sell up. He screwed it up with the appointment of RDM and wasted millions on mainly average players - Kodjia excepted.His company put £49m in according to the last accounts.
https://twitter.com/SwissRamble/status/1001380858983534593Interesting read.