Quote from: lovejoy on January 30, 2024, 09:55:41 AMQuote from: paul_e on January 29, 2024, 06:50:35 PMQuote from: Percy McCarthy on January 29, 2024, 06:40:30 PMSomebody on twitter said clubs are allowed to lose £5m a year, but owners are allowed to put in £90m in share capital, and that’s where the £105m comes from. Can’t be right can it?Yeah, that's about right. If all their borrowing was from banks, etc it would be £15mIndeed. This is sensible as it stops clubs racking up debts to fund losses and risk the owners walking away. You can lose £5m p.a max but this can increase by £30m p.a. with owner equity input (i.e. not debt) so £35m p.a. in total. This is measured over a 3 year rolling period so £105m p.a. in total. As Everton found out if you have a really bad year, it will take 3 years for this to flow through. For what its worth I agree the limits should increase with inflation/similar but that should be the owners equity amounts.I read somewhere recently that the average transfer in the Premier League is now 50% higher than it was when the FFP numbers were set. So I guess it does make sense that £105m figure should probably be brought more in line with where finances are today. But that would really only benefit clubs with wealthy owners (like us), which I'm sure isn't the intention of the FFP rules in the first place.
Quote from: paul_e on January 29, 2024, 06:50:35 PMQuote from: Percy McCarthy on January 29, 2024, 06:40:30 PMSomebody on twitter said clubs are allowed to lose £5m a year, but owners are allowed to put in £90m in share capital, and that’s where the £105m comes from. Can’t be right can it?Yeah, that's about right. If all their borrowing was from banks, etc it would be £15mIndeed. This is sensible as it stops clubs racking up debts to fund losses and risk the owners walking away. You can lose £5m p.a max but this can increase by £30m p.a. with owner equity input (i.e. not debt) so £35m p.a. in total. This is measured over a 3 year rolling period so £105m p.a. in total. As Everton found out if you have a really bad year, it will take 3 years for this to flow through. For what its worth I agree the limits should increase with inflation/similar but that should be the owners equity amounts.
Quote from: Percy McCarthy on January 29, 2024, 06:40:30 PMSomebody on twitter said clubs are allowed to lose £5m a year, but owners are allowed to put in £90m in share capital, and that’s where the £105m comes from. Can’t be right can it?Yeah, that's about right. If all their borrowing was from banks, etc it would be £15m
Somebody on twitter said clubs are allowed to lose £5m a year, but owners are allowed to put in £90m in share capital, and that’s where the £105m comes from. Can’t be right can it?
Thought the game bypassed JJ again a lot last night when he came on.
There was one little shimmy and run against Chelsea that made me think he might be back. Ramsey on form is a match-winner for us, I hope he can take the shackles off now from the injury.
Anonymous again. Season looking like a total write off for him.