The Long Awaited Accounts....

[Jon Crofts]

60 minutes from oblivion, that's how close we came. Fucking scandalous.

[cdbearsfan]

It still doesn't sound good. They have said we are compliant for 2018-19 for a while. What about beyond that? Do we face the possibility of a points deduction next season? If, as VinnieChase suggested, the new owners have wiped the slate clean, why don't they say so to allay concerns?

[sirlordbaltimore]

This is exactly why we've brought in a manger that's shown he can build a team without needing to splash millions in fees and wages

It could take another five years to get promoted, and we've got to accept this and just get on with supporting the team on the pitch whoever that may be come August and for the foreseeable future

There's no way out of this financial position other than through hard work on and off the pitch

[darren woolley]

How on earth do you lose £38 million on non football activities?

Being married.

[john e]

I wonder if the outgoing regime left a note to the new owners saying ‘there’s no money left’ on the desk

[sid1964]

It really was a total mess, how on earth did we manage to get ourselves into this position (Paying premier league wages to Championship players), I am amazed that the 2 guys who took us on, were willing to pump so much money into the club, they must surely have a good plan going forward?

[Drummond]

As far as shit or bust goes we very nearly went bust because we were shit.

[andrew08]

It’s all about the risk to reward though isn’t it? Our previous owner lost by one goal and a non awarded red card for that stamp on Jack.

In the same season Wolves gambled £52 million and won.

I personally enjoyed the season for the £500 I fronted.

[VinnieChase84]

It still doesn't sound good. They have said we are compliant for 2018-19 for a while. What about beyond that? Do we face the possibility of a points deduction next season? If, as VinnieChase suggested, the new owners have wiped the slate clean, why don't they say so to allay concerns?

Its not a literal clean slate, just more that weve not breached FFP as things stand and have a plan.From this Purslow/NSWE have inherited this to date, and now have a 3 year plan on ways not to breach FFP (which league are happy with).

It's worth noting that the EFL look at current seasons finances with regards any penalties etc. The league would have been fully aware of all these figures published last season. If any sanctions would be followed then we would have known in the summer.

We have recently re-valued some assets (land would be my guess, training ground) - Any sale of these by June 19 would fall into this years accounts.

[paul_e]

It’s all about the risk to reward though isn’t it? Our previous owner lost by one goal and a non awarded red card for that stamp on Jack.

In the same season Wolves gambled £52 million and won.

I personally enjoyed the season for the £500 I fronted.

I don't disagree with that, the reason it was shit or bust though is that when we missed out we were instantly in a position of not only having no money but also having half the team leave and being forced into a rebuild. If you're going to spend money like we have you want to look at the squad 2 years later and  see where the money went, with us you just can't do that, our best players are a bargain signing from the summer, a couple of loans and an academy product. We've pissed away £100m in fees alone since we were relegated and got nothing like value from it.

[DB]

How on earth do you lose £38 million on non football activities?

Being married.

Haha! With kids

[Risso]

I think Xia and Wyness went for an innovative 'shit and bust' approach.

[AV82EC]

Does Xia still have a minority stake?

[Malandro]

Does Xia still have a minority stake?

“I went to Birmingham, bought a football club and all I have left is these crepe shoes”

[Jon Crofts]

Does Xia still have a minority stake?

“I went to Birmingham, bought a football club and all I have left is these crepe shoes”

Crepe or crap?