FFP

[London Villan]

Isn't June 30th the official end of the footballing year?

[Tuscans]

Isn’t that out accounting date already?

That's the date you're allowed to extend it to if you feel you won't make it within PSR, allowing you to make a sale basically like we did. Most clubs accounts go in before then if your accounts are fine.

[lovejoy]

We have traditionally drawn our accounts up to May year end.
Last year we filed a notice to extend it to June. This makes sense as most player contracts are to June and it’s a natural break between one season and the next.
It means our 2024 year end will be filed end of March at the latest (not end of February like before). So any transfers in June 24 will be included.

[Tuscans]

We have traditionally drawn our accounts up to May year end.
Last year we filed a notice to extend it to June. This makes sense as most player contracts are to June and it’s a natural break between one season and the next.
It means our 2024 year end will be filed end of March at the latest (not end of February like before). So any transfers in June 24 will be included.

What I'm saying is you know we extended our accounting period last season to June 30th because of PSR to include the Luiz sale. That's what some "Borson, Swiss Ramble" are saying we're likely to do again to make PSR by sales before that period.

[Somniloquism]

Seen one of two football finance experts speak about how they believe we could have to move the accounting date to 30th June again to meet PSR, factoring in CL revenue, player sales etc.

Still? With the sales in the summer and Duran, I would have thought PSR was sorted for this year.

[ChicagoLion]

We have traditionally drawn our accounts up to May year end.
Last year we filed a notice to extend it to June. This makes sense as most player contracts are to June and it’s a natural break between one season and the next.
It means our 2024 year end will be filed end of March at the latest (not end of February like before). So any transfers in June 24 will be included.

What I'm saying is you know we extended our accounting period last season to June 30th because of PSR to include the Luiz sale. That's what some "Borson, Swiss Ramble" are saying we're likely to do again to make PSR by sales before that period.

Not correct, the Luiz sale had to be done by the PSR year end, we have changed our accounting period to coincide with that but we still had to comply by 30th of June regardless of our year end date.

[Tuscans]

Seen one of two football finance experts speak about how they believe we could have to move the accounting date to 30th June again to meet PSR, factoring in CL revenue, player sales etc.

Still? With the sales in the summer and Duran, I would have thought PSR was sorted for this year.

I know, I asked about that a few others did. Mentioned CL rev, increase in commercial/sponsorship. Sales of Philogene, Duran and Carlos with possibility of Buendia, Barry and other fringe players and they apparently have factored that in.

[Tuscans]

We have traditionally drawn our accounts up to May year end.
Last year we filed a notice to extend it to June. This makes sense as most player contracts are to June and it’s a natural break between one season and the next.
It means our 2024 year end will be filed end of March at the latest (not end of February like before). So any transfers in June 24 will be included.

What I'm saying is you know we extended our accounting period last season to June 30th because of PSR to include the Luiz sale. That's what some "Borson, Swiss Ramble" are saying we're likely to do again to make PSR by sales before that period.

Not correct, the Luiz sale had to be done by the PSR year end, we have changed our accounting period to coincide with that but we still had to comply by 30th of June regardless of our year end date.

Yeah you're right. I sort of had that in my head but fucked it up as I spoke it out in my mind while typing it. Villa extended it by an extra month to see it end on June 30, to ensure that next year's PSR regs in December didn't throw up any issues.

So bascially that's what I have heard will likely happen again.

[ChicagoLion]

Seen one of two football finance experts speak about how they believe we could have to move the accounting date to 30th June again to meet PSR, factoring in CL revenue, player sales etc.

Still? With the sales in the summer and Duran, I would have thought PSR was sorted for this year.

I know, I asked about that a few others did. Mentioned CL rev, increase in commercial/sponsorship. Sales of Philogene, Duran and Carlos with possibility of Buendia, Barry and other fringe players and they apparently have factored that in.

I would say we will be compliant with the dealing mentioned and specifically the Duran sale.

[Tuscans]

Seen one of two football finance experts speak about how they believe we could have to move the accounting date to 30th June again to meet PSR, factoring in CL revenue, player sales etc.

Still? With the sales in the summer and Duran, I would have thought PSR was sorted for this year.

I know, I asked about that a few others did. Mentioned CL rev, increase in commercial/sponsorship. Sales of Philogene, Duran and Carlos with possibility of Buendia, Barry and other fringe players and they apparently have factored that in.

I would say we will be compliant with the dealing mentioned and specifically the Duran sale.

I know that's what myself and others have said but the finance dudes predict a different scenario.

[ChicagoLion]

Seen one of two football finance experts speak about how they believe we could have to move the accounting date to 30th June again to meet PSR, factoring in CL revenue, player sales etc.

Still? With the sales in the summer and Duran, I would have thought PSR was sorted for this year.

I know, I asked about that a few others did. Mentioned CL rev, increase in commercial/sponsorship. Sales of Philogene, Duran and Carlos with possibility of Buendia, Barry and other fringe players and they apparently have factored that in.

I would say we will be compliant with the dealing mentioned and specifically the Duran sale.

I know that's what myself and others have said but the finance dudes predict a different scenario.

No idea where they are getting their numbers from then.
The Duran sale us massive in PSR terms.

[London Villan]

No doubt a couple of kids will be moved on, either on june 30th or july 1st… depending on what we need to do.

[paul_e]

We have traditionally drawn our accounts up to May year end.
Last year we filed a notice to extend it to June. This makes sense as most player contracts are to June and it’s a natural break between one season and the next.
It means our 2024 year end will be filed end of March at the latest (not end of February like before). So any transfers in June 24 will be included.

What I'm saying is you know we extended our accounting period last season to June 30th because of PSR to include the Luiz sale. That's what some "Borson, Swiss Ramble" are saying we're likely to do again to make PSR by sales before that period.

Not correct, the Luiz sale had to be done by the PSR year end, we have changed our accounting period to coincide with that but we still had to comply by 30th of June regardless of our year end date.

Seems like cheating to add 9 days to the year.

AWWW you fixed it.

[lovejoy]

The year end will stay June now you can’t keep chopping and changing. This is old news. Not sure what your point is Tuscans.

[Tuscans]

Seen one of two football finance experts speak about how they believe we could have to move the accounting date to 30th June again to meet PSR, factoring in CL revenue, player sales etc.

Still? With the sales in the summer and Duran, I would have thought PSR was sorted for this year.

I know, I asked about that a few others did. Mentioned CL rev, increase in commercial/sponsorship. Sales of Philogene, Duran and Carlos with possibility of Buendia, Barry and other fringe players and they apparently have factored that in.

I would say we will be compliant with the dealing mentioned and specifically the Duran sale.

I know that's what myself and others have said but the finance dudes predict a different scenario.

No idea where they are getting their numbers from then.
The Duran sale us massive in PSR terms.

Well they believe the Deloitte figures were very conservative and generous to Villa, that's what he said.