FFP

[Scott Nielsen]

Sorry Scott, I got it from a write-up on one of the Villa sites on Facebook. They didn’t post a link either. Here’s the text, with a bit of what I consider superfluous opinion:

<snip>

Appreciated!

[tomd2103]

Maguire thinks we’ll be alright now. Changes his mind every five minutes though. I might start listening to his podcast now he sounds like he’s found a clue.

If the rules stay as they are, won't next season be the tight one as the £22m profit will have fallen off the 3 year cycle?  The £93m loss (after deductibles) looks a problem under the current rules and that will still be on next season along with whatever the past year has brought. 

We would be looking at having to make a fairly decent profit next season to stay on the right side of it wouldn't we (if of course it hasn't changed by then)?

[paul_e]

Maguire thinks we’ll be alright now. Changes his mind every five minutes though. I might start listening to his podcast now he sounds like he’s found a clue.

If the rules stay as they are, won't next season be the tight one as the £22m profit will have fallen off the 3 year cycle?  The £93m loss (after deductibles) looks a problem under the current rules and that will still be on next season along with whatever the past year has brought. 

We would be looking at having to make a fairly decent profit next season to stay on the right side of it wouldn't we (if of course it hasn't changed by then)?

Not really. The accounts for the season that's just finished will have had £24m loss drop off and the big losses in 22/23 included a significant chunk of 'exceptional' losses around replacing all the management and coaches.


That gives us a lot more wiggle room than people will have expected. Add on £30m+ in additional prize money and Europe and consider that our transfers last season will have a cost on those accounts of about £27-28m but that we got in something closer to £35m and I honestly wouldn't be surprised if we report something close to break even.


That means that even if we do have a drop off of £24m (and remember it might not matter because of the talk of changing the system anyway) it will easily be wiped out by the increased sponsorship and CL money we already have in place.

[Percy McCarthy]

Maguire thinks we’ll be alright now. Changes his mind every five minutes though. I might start listening to his podcast now he sounds like he’s found a clue.

On the basis of the proposed changes?

Dunno, just saw a quote from him on Twitter saying CL income should set us up nicely for the next few years.

I mean, we’ll definitely be ‘alright’. We have so many saleable assets whose fees have been amortised. We could sell one a year and it would give us room to buy three or four new players.

[Percy McCarthy]

Maguire thinks we’ll be alright now. Changes his mind every five minutes though. I might start listening to his podcast now he sounds like he’s found a clue.

I wouldn't bother mate. Doesn't he write for Football Insider now as well? Anybody that even slightly elevates that bunch of twats' standing in the game should be roundly ignored. I take all my FFP comfort from you now fella.

Blimey mate, praise indeed. I was waiting for you to tell me if I’m talking bollocks or not.

[PaulWinch again]

That’s it I’m sold, if we have to sell anyone key then it’s on Percy!

[Villatillidie25]

Isn't £45000 a bit low for a management accountant?

Doubt it. Management Accountant is unlikely to be particularly senior. Basically means a qualified professional with <5 years PQE I’d imagine

[Brazilian Villain]

Isn't £45000 a bit low for a management accountant?

Doubt it. Management Accountant is unlikely to be particularly senior. Basically means a qualified professional with <5 years PQE I’d imagine

Not even, the ad says qualified accountant or a finalist. Hopefully, Tim Sherwood doesn't apply.

[Percy McCarthy]

They’ve got a reasonably knowledgeable bloke talking about Champions League prize money on the Claret & Blue pod. I was impressed by him when he was on earlier in the season talking about FFP.

[tomd2103]

Maguire thinks we’ll be alright now. Changes his mind every five minutes though. I might start listening to his podcast now he sounds like he’s found a clue.

If the rules stay as they are, won't next season be the tight one as the £22m profit will have fallen off the 3 year cycle?  The £93m loss (after deductibles) looks a problem under the current rules and that will still be on next season along with whatever the past year has brought. 

We would be looking at having to make a fairly decent profit next season to stay on the right side of it wouldn't we (if of course it hasn't changed by then)?

Not really. The accounts for the season that's just finished will have had £24m loss drop off and the big losses in 22/23 included a significant chunk of 'exceptional' losses around replacing all the management and coaches.


That gives us a lot more wiggle room than people will have expected. Add on £30m+ in additional prize money and Europe and consider that our transfers last season will have a cost on those accounts of about £27-28m but that we got in something closer to £35m and I honestly wouldn't be surprised if we report something close to break even.


That means that even if we do have a drop off of £24m (and remember it might not matter because of the talk of changing the system anyway) it will easily be wiped out by the increased sponsorship and CL money we already have in place.

As I understand it Paul, according to the figures posted a few pages back we are currently at a £71m loss at the two year point, with this year's making up the 3rd year.  Is that right?

[paul_e]

Maguire thinks we’ll be alright now. Changes his mind every five minutes though. I might start listening to his podcast now he sounds like he’s found a clue.

If the rules stay as they are, won't next season be the tight one as the £22m profit will have fallen off the 3 year cycle?  The £93m loss (after deductibles) looks a problem under the current rules and that will still be on next season along with whatever the past year has brought. 

We would be looking at having to make a fairly decent profit next season to stay on the right side of it wouldn't we (if of course it hasn't changed by then)?

Not really. The accounts for the season that's just finished will have had £24m loss drop off and the big losses in 22/23 included a significant chunk of 'exceptional' losses around replacing all the management and coaches.


That gives us a lot more wiggle room than people will have expected. Add on £30m+ in additional prize money and Europe and consider that our transfers last season will have a cost on those accounts of about £27-28m but that we got in something closer to £35m and I honestly wouldn't be surprised if we report something close to break even.


That means that even if we do have a drop off of £24m (and remember it might not matter because of the talk of changing the system anyway) it will easily be wiped out by the increased sponsorship and CL money we already have in place.

As I understand it Paul, according to the figures posted a few pages back we are currently at a £71m loss at the two year point, with this year's making up the 3rd year.  Is that right?

Yep

[tomd2103]

Maguire thinks we’ll be alright now. Changes his mind every five minutes though. I might start listening to his podcast now he sounds like he’s found a clue.

If the rules stay as they are, won't next season be the tight one as the £22m profit will have fallen off the 3 year cycle?  The £93m loss (after deductibles) looks a problem under the current rules and that will still be on next season along with whatever the past year has brought. 

We would be looking at having to make a fairly decent profit next season to stay on the right side of it wouldn't we (if of course it hasn't changed by then)?

Not really. The accounts for the season that's just finished will have had £24m loss drop off and the big losses in 22/23 included a significant chunk of 'exceptional' losses around replacing all the management and coaches.


That gives us a lot more wiggle room than people will have expected. Add on £30m+ in additional prize money and Europe and consider that our transfers last season will have a cost on those accounts of about £27-28m but that we got in something closer to £35m and I honestly wouldn't be surprised if we report something close to break even.


That means that even if we do have a drop off of £24m (and remember it might not matter because of the talk of changing the system anyway) it will easily be wiped out by the increased sponsorship and CL money we already have in place.

As I understand it Paul, according to the figures posted a few pages back we are currently at a £71m loss at the two year point, with this year's making up the 3rd year.  Is that right?

Yep

So this year might not be too bad, but unless things change then am I wrong in thinking next year could be an issue? 

Would I be right in thinking that, under the same rules, year one would be the £93m loss and then whatever the figure is for this year will be added on top of that?  So even a fairly minimal loss this year in comparison would take us close to that £105m limit in just two of the three years?

[Percy McCarthy]

Maguire thinks we’ll be alright now. Changes his mind every five minutes though. I might start listening to his podcast now he sounds like he’s found a clue.

If the rules stay as they are, won't next season be the tight one as the £22m profit will have fallen off the 3 year cycle?  The £93m loss (after deductibles) looks a problem under the current rules and that will still be on next season along with whatever the past year has brought. 

We would be looking at having to make a fairly decent profit next season to stay on the right side of it wouldn't we (if of course it hasn't changed by then)?

Not really. The accounts for the season that's just finished will have had £24m loss drop off and the big losses in 22/23 included a significant chunk of 'exceptional' losses around replacing all the management and coaches.


That gives us a lot more wiggle room than people will have expected. Add on £30m+ in additional prize money and Europe and consider that our transfers last season will have a cost on those accounts of about £27-28m but that we got in something closer to £35m and I honestly wouldn't be surprised if we report something close to break even.


That means that even if we do have a drop off of £24m (and remember it might not matter because of the talk of changing the system anyway) it will easily be wiped out by the increased sponsorship and CL money we already have in place.

As I understand it Paul, according to the figures posted a few pages back we are currently at a £71m loss at the two year point, with this year's making up the 3rd year.  Is that right?

Yep

So this year might not be too bad, but unless things change then am I wrong in thinking next year could be an issue? 

Would I be right in thinking that, under the same rules, year one would be the £93m loss and then whatever the figure is for this year will be added on top of that?  So even a fairly minimal loss this year in comparison would take us close to that £105m limit in just two of the three years?

You’re taking out the £22m profit a year early.  And the year after it drops out the rules change to the new squad cost control rules, when we’re allowed to spend a percentage of our vastly increased turnover.

[olaftab]

Next season we will be swimming it it because Nas is going to make sure Adidas payback 100% of profit on every shirt sold.

[tomd2103]

Maguire thinks we’ll be alright now. Changes his mind every five minutes though. I might start listening to his podcast now he sounds like he’s found a clue.

If the rules stay as they are, won't next season be the tight one as the £22m profit will have fallen off the 3 year cycle?  The £93m loss (after deductibles) looks a problem under the current rules and that will still be on next season along with whatever the past year has brought. 

We would be looking at having to make a fairly decent profit next season to stay on the right side of it wouldn't we (if of course it hasn't changed by then)?

Not really. The accounts for the season that's just finished will have had £24m loss drop off and the big losses in 22/23 included a significant chunk of 'exceptional' losses around replacing all the management and coaches.


That gives us a lot more wiggle room than people will have expected. Add on £30m+ in additional prize money and Europe and consider that our transfers last season will have a cost on those accounts of about £27-28m but that we got in something closer to £35m and I honestly wouldn't be surprised if we report something close to break even.


That means that even if we do have a drop off of £24m (and remember it might not matter because of the talk of changing the system anyway) it will easily be wiped out by the increased sponsorship and CL money we already have in place.

As I understand it Paul, according to the figures posted a few pages back we are currently at a £71m loss at the two year point, with this year's making up the 3rd year.  Is that right?

Yep

So this year might not be too bad, but unless things change then am I wrong in thinking next year could be an issue? 

Would I be right in thinking that, under the same rules, year one would be the £93m loss and then whatever the figure is for this year will be added on top of that?  So even a fairly minimal loss this year in comparison would take us close to that £105m limit in just two of the three years?

You’re taking out the £22m profit a year early.  And the year after it drops out the rules change to the new squad cost control rules, when we’re allowed to spend a percentage of our vastly increased turnover.

Ah right, cheers.