FFP

[Percy McCarthy]

Any ideas if/how we're going to comply with UEFA's 70% wages to turnover FFP rule?

Well, we complied in the season just gone, and we’re massively increasing turnover.

[AV82EC]

Meaning we are sailing close then?

No because you can’t read these figures in isolation they need to be read in conjunction with the increases in turnover figures.

[Sexual Ealing]

That's all I needed Percy!

[Monty]

I'm sure we're more conscious of it than before, and I'm sure it's inhibiting our spending this summer, but if Percy and Swiss Ramble are even slightly right it's a much rosier picture than the media had led us to believe was the case.

[Percy McCarthy]

I'm sure we're more conscious of it than before, and I'm sure it's inhibiting our spending this summer, but if Percy and Swiss Ramble are even slightly right it's a much rosier picture than the media had led us to believe was the case.

It’s a bit like the football pundits not knowing about our injury crisis - they don’t really put much effort into analysing us.

Apparently, Maguire once had a theory that we wouldn’t be allowed to be promoted because of FFP. Although he somewhat weakly denied this when I asked him about it on X.

[PaulWinch again]

A bit more on the current three year cycle, with the headline accounts reported figures and figures with the allowable deductibles included in brackets.

2023 - £120m loss (£93m loss)
2022 - £400k profit (£22m profit)
2021 - £37m loss (£24m loss).

So, when 2024 accounts are reported, they will join a £71m loss in the three-year cycle, meaning a £34m loss after deductible items will be allowed.

Thanks. Where are those allowable deductibles from?

[Percy McCarthy]

A bit more on the current three year cycle, with the headline accounts reported figures and figures with the allowable deductibles included in brackets.

2023 - £120m loss (£93m loss)
2022 - £400k profit (£22m profit)
2021 - £37m loss (£24m loss).

So, when 2024 accounts are reported, they will join a £71m loss in the three-year cycle, meaning a £34m loss after deductible items will be allowed.

Thanks. Where are those allowable deductibles from?

The Swiss Ramble.

Or did you mean what they come from? In which case, it’s Covid, Academy, women’s football and infrastructure spending.

[PaulWinch again]

Ah thanks.

[Percy McCarthy]

Ah thanks.

No worries.

[OCD]

The Women's team is a separate company.

[Percy McCarthy]

The Women's team is a separate company.

Indeed. Strange one that. I wonder what the thinking is there?

[Dogtanian]

The Women's team is a separate company.

Indeed. Strange one that. I wonder what the thinking is there?

It is, but it comes under the group accounts, does it not? Because we reported we'd spent £4.4m on the women's team in our last group accounts, which is what has been taken off for FFP.

[Scott Nielsen]

What have Swiss Ramble said?

They broke down the three-year cycle including the allowable losses (Covid etc) and put it at £95m loss over that time.

Do you have the link, Percy? I could only find a very brief write-up at a cursory search.

[Mister E]

I'm sure we're more conscious of it than before, and I'm sure it's inhibiting our spending this summer, but if Percy and Swiss Ramble are even slightly right it's a much rosier picture than the media had led us to believe was the case.

It’s a bit like the football pundits not knowing about our injury crisis - they don’t really put much effort into analysing us.
Apparently, Maguire once had a theory that we wouldn’t be allowed to be promoted because of FFP. Although he somewhat weakly denied this when I asked him about it on X.

Maguire seems a little salty toward us. Is this just a B&HA thing or is something else at play?

[PeterWithe]

The Women's team is a separate company.

But so is the stadium, and infrastructure spending on it can be deducted from the losses just the same, I suppose one of our accountants will answer in due course but I suspect the womens team will be part of the group, who make up the total losses.