The Pit of Misery (All mess in here)

[PaulWinch again]

It doesn’t, it wouldn’t make sense if it did.

[PeterWithesShin]

FFP problems? No worries, just sell the club to a mate for a nominal fee and start again from year 1. Not the case as far as I know as it would be that easy to abuse.

[ChicagoLion]

When we were tightening things last summer we were including the last Lerner season as part of the FFP 3 years so I don't believe it does. If it did it would be way around FFP that would be open to abuse.

Are you sure, I understand that the FFP problem relates to the 3 year period including next year, which would all be under xia ownership.

[ChicagoLion]

If that is the case then it would make it extremely unlikely that any one would buy us.
Which is worrying.

[Ads]

You get to inject more equity in your first 3 years of ownership I believe.

[PaulWinch again]

Ah ok.

[PeterWithesShin]

When we were tightening things last summer we were including the last Lerner season as part of the FFP 3 years so I don't believe it does. If it did it would be way around FFP that would be open to abuse.

Are you sure, I understand that the FFP problem relates to the 3 year period including next year, which would all be under xia ownership.

Yes. We are now in FFP covering only the Xia ownership, a year ago it included the last Lerner year and the first 2 of Tony.

[ChicagoLion]

You get to inject more equity in your first 3 years of ownership I believe.

The question is, are you allowed to use that equity to capitalise the Loss?
Because the FFP Loss is still there regardless of how much equity you introduce.
I have not been able to find an answer to the new ownership question.

[ChicagoLion]

When we were tightening things last summer we were including the last Lerner season as part of the FFP 3 years so I don't believe it does. If it did it would be way around FFP that would be open to abuse.

Are you sure, I understand that the FFP problem relates to the 3 year period including next year, which would all be under xia ownership.

Yes. We are now in FFP covering only the Xia ownership, a year ago it included the last Lerner year and the first 2 of Tony.

Thanks, so the chances of a sale are unlikely then?

[PeterWithesShin]

Feck knows is my considered professional opinion.

[ChicagoLion]

Feck knows is my considered professional opinion.

If someone buys us all they can do is finance the business without being able to make any serious investments to improve the team.
A team which will have lost its best players.
Whilst the league continues to receive relegated clubs with huge parachute payments.
We are not just fucked we are fucked for a very long time.

[TheMalandro]

Feck knows is my considered professional opinion.

If someone buys us all they can do is finance the business without being able to make any serious investments to improve the team.
A team which will have lost its best players.
Whilst the league continues to receive relegated clubs with huge parachute payments.
We are not just fucked we are fucked for a very long time.

Is there anything stopping a new owner covering the debt and keeping the team together?

[ChicagoLion]

Feck knows is my considered professional opinion.

If someone buys us all they can do is finance the business without being able to make any serious investments to improve the team.
A team which will have lost its best players.
Whilst the league continues to receive relegated clubs with huge parachute payments.
We are not just fucked we are fucked for a very long time.

Is there anything stopping a new owner covering the debt and keeping the team together?

That’s what we have been discussing above and the suggestion is not.
The debt is not the longer term problem, it’s the trading losses,

[TheMalandro]

Feck knows is my considered professional opinion.

If someone buys us all they can do is finance the business without being able to make any serious investments to improve the team.
A team which will have lost its best players.
Whilst the league continues to receive relegated clubs with huge parachute payments.
We are not just fucked we are fucked for a very long time.

Is there anything stopping a new owner covering the debt and keeping the team together?

That’s what we have been discussing above and the suggestion is not.
The debt is not the longer term problem, it’s the trading losses,

If things are as bad as they seem, could we be in breach off FFP for the season that has just ended?

[ChicagoLion]

Feck knows is my considered professional opinion.

If someone buys us all they can do is finance the business without being able to make any serious investments to improve the team.
A team which will have lost its best players.
Whilst the league continues to receive relegated clubs with huge parachute payments.
We are not just fucked we are fucked for a very long time.

Is there anything stopping a new owner covering the debt and keeping the team together?

That’s what we have been discussing above and the suggestion is not.
The debt is not the longer term problem, it’s the trading losses,

If things are as bad as they seem, could we be in breach off FFP for the season that has just ended?

Based on everything I have readI don’t think so, it’s the culmination of last year this year and next 2017 18 and 19.
There is a chance that the turnaround in trading needed will be too difficult and we may be destined to breach it.