FFP

[Dogtanian]

So are we up against it or not?  I cannot listen to that currently.

We lost £49m in 23-24, down from £119m in 22-23. To comply with PSR, 24-25 needs to be about break even.

We’ve made a profit on transfers in 24-25, and we have Champions League money, Adidas money, the extra gate receipts on the CL games and price increases, plus the GA+ increases.

So unless wages have been allowed to go up by a £100m or so, no I don‘t think we are up against it.

[Toronto Villa]

I think what he means by PSR is dead is that the original intent is useless as clubs have found a way around it. Namely Chelsea who seem to have smarter/slimier people finding loopholes before they can be closed off. And also that the punishment for massively overspending be it PSR or UEFA comes with a penalty that if absorbed isn’t remotely in line with the alleged crime. Barcelona got a slap on the wrist for what they did but are left with great players. Forest survived their punishments but the players they have as a result helped them vault from relegation candidates to Europe. And of course the obvious fact that whatever it was designed to do it’s only gone and kept the established clubs at the top of the spending pyramid, and the rest haven’t mobilized a plan to counter it or challenge it.

[Olneythelonely]

I’d say it’s doing EXACTLY what its original intent was.

[Ads]

There really isn’t any fair play anymore. This is a good listen regarding PSR with Stefan Borson

Misses out the £70m for Duran.

[Toronto Villa]

The original intent of you decide to believe it was to ensure clubs spent within their means. And not go broke or almost by being stupid like Leeds, Portsmouth etc. The other intent, a more skeptical view is that at the top end it allowed PL to protect its interests and not have their “big 6” breakaway into a Super league, which then goes to the same “intent” at UEFA. I don’t know that either fully expected the gap to become this big and more importantly that it stopped new clubs breaking in. Almost literally.

[Toronto Villa]

There really isn’t any fair play anymore. This is a good listen regarding PSR with Stefan Borson

Misses out the £70m for Duran.

Wouldn’t the current numbers that show our predicament include that? Or would Duran fall into next years accounting?

[john2710]

I take it PSR has no guidance as to how clubs with massive debts or large future transfer fees are made to reduce them? It seems as long as they can service the debt or pay it interest only, the Premier League aren't interested.

[Monty]

The original intent of you decide to believe it was to ensure clubs spent within their means. And not go broke or almost by being stupid like Leeds, Portsmouth etc. The other intent, a more skeptical view is that at the top end it allowed PL to protect its interests and not have their “big 6” breakaway into a Super league, which then goes to the same “intent” at UEFA. I don’t know that either fully expected the gap to become this big and more importantly that it stopped new clubs breaking in. Almost literally.

As ever, if you're poor debt makes you poor; if you're rich debt makes you rich.

[Olneythelonely]

The original intent of you decide to believe it was to ensure clubs spent within their means. And not go broke or almost by being stupid like Leeds, Portsmouth etc. The other intent, a more skeptical view is that at the top end it allowed PL to protect its interests and not have their “big 6” breakaway into a Super league, which then goes to the same “intent” at UEFA. I don’t know that either fully expected the gap to become this big and more importantly that it stopped new clubs breaking in. Almost literally.

I don’t believe the original intent. I believe it was entirely the latter.

[kippaxvilla2]

Has anyone noticed a holding company (NSWE Holdings Limited) was incorporated in April 2025.  Wonder if that is something to do with a proposed sale of women's team etc?

[Crown Hill]

Possibly although I wouldn’t go on what Borson said.

When I first listened to him he seemed plausible, articulate and knowledgeable but having listened to him for some time now his insight is no greater than anybody else and his predictions are usually wrong.

[Rotterdam]

Sky Sports has a piece from Kieran McGuire highlighting us as the club with PSR issues.

[Dogtanian]

Sky Sports has a piece from Kieran McGuire highlighting us as the club with PSR issues.

 

[Ads]

He's obsessed.

[PaulWinch again]

Is he definitely wrong though? I seem to remember there was quite a lot of stuff early last summer saying we were fine, but we obviously weren’t. Not saying it can’t be resolved, but that doesn’t mean there isn’t an issue.