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Author Topic: FFP  (Read 497116 times)

Online Drummond

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Re: FFP
« Reply #60 on: March 30, 2023, 10:35:20 AM »
I would imagine Newcastle wouldn't have anything to worry about yet - they've spent a fair amount, yes, but they had several years of spending nothing under Ashley prior to that so would expect they'd have had a bit of leaway?

Not yet, but you'd imagine there will already be some losses building up.

Offline Brend'Watkins

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Re: FFP
« Reply #61 on: March 30, 2023, 10:42:09 AM »
Isn't FFP referred to as some new slogan now, something that benefits Chelsea whether by design or something else? 

Financial Sustainibility Regulations it is now called. 

Online LeeB

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Re: FFP
« Reply #62 on: March 30, 2023, 10:52:05 AM »
I would imagine Newcastle wouldn't have anything to worry about yet - they've spent a fair amount, yes, but they had several years of spending nothing under Ashley prior to that so would expect they'd have had a bit of leaway?

Not yet, but you'd imagine there will already be some losses building up.

Back to that question again, but when do the three year periods for each club begin and end?

Offline placeforparks

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Re: FFP
« Reply #63 on: March 30, 2023, 10:55:36 AM »
9 Premier League (And former) clubs yet to submit accounts for 2022, deadline is 31 March.

Fulham
Newcastle
Chelsea
Palace
Leeds
Forest
Southampton
Watford
Everton

These 6 will provide some interesting reading I suspect.


accounts are up until 30 june 2022, so not sure forest's will be that interesting.

newcastle's will, given their splurge in jan 22.

everton sold richarlison on 30 june 22...


Online Drummond

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Re: FFP
« Reply #64 on: March 30, 2023, 11:30:52 AM »
I would imagine Newcastle wouldn't have anything to worry about yet - they've spent a fair amount, yes, but they had several years of spending nothing under Ashley prior to that so would expect they'd have had a bit of leaway?

Not yet, but you'd imagine there will already be some losses building up.

Back to that question again, but when do the three year periods for each club begin and end?

Isn't it a rolling three-year process?

Offline Baldy

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Re: FFP
« Reply #65 on: March 30, 2023, 12:13:17 PM »
Was reading in last few days that the Newcastle ownership 'may' be under review again. It stems from an unrelated court case in the US in which documents provided stated the Newcastle owners were not independent from the State.

Big wigs over here would not comment on whether they are reviewing the position.

I wonder if Newcastle will not splash the cash until position clarified?
« Last Edit: March 30, 2023, 12:16:23 PM by Baldy »

Online GordonCowansisthegreatest

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Re: FFP
« Reply #66 on: March 30, 2023, 04:03:17 PM »
Newcastle owners claimed diplomatic immunity to dodge some court proceedings while claiming the opposite in the UK.

Offline PeterWithesShin

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Re: FFP
« Reply #67 on: March 30, 2023, 08:54:54 PM »
Quote
Manchester United owe £969.6m through a combination of gross debt, bank borrowings and outstanding transfer fees with associated payments, according to new figures.

The club released their second quarter results to 31 December on Thursday.

Unlike previous years, there was no investors' call afterwards as a result of the ongoing "strategic review".

This could lead to the sale of the Premier League club.

The review itself is centred on how to meet the club's long-term capital investment needs, specifically for improvements to Old Trafford and the club's Carrington training ground, and - it is being stressed - is not due to any issues with short-term liquidity.

Nevertheless, the amount owed the club has grown.

While the principal debt remains at $650m, a change in the exchange rate meant the club owed £535.7m compared to £477.1m at the same point in the previous year.

In addition, £206.2m has been taken from a rolling credit facility, with another £227.7m owed in outstanding transfer fees. The club did have £31m in cash or equivalent, but the overall sum remains just short of £1bn.

BBC Sport has been told the figures are evidence of a "stretched" financial situation, although it is being stressed that this has already changed for the better, due to bumper matchday revenues and impressive season ticket sales - and they expect that to continue.

Indeed, in posting profits of £6.3m for the quarter, United have also revealed sponsorship revenue has increased 43.2% to £50.4m over the prior quarter. The club said this was due to the impact of their training kit agreement with Tezos, plus a 'one-off sponsorship credit', which they have opted not to detail.

Wages were down £20.4m to £77.3m, a decrease of 20.9% as Erik ten Hag's team are not in this season's Champions League.

Offline sid1964

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Re: FFP
« Reply #68 on: March 31, 2023, 06:40:33 AM »
I would think that our wage bill is nearly as much as Man Utd's, which is a surprise, you would assume that they pay far more than us - their players must be on large bonus's for qualifying for the Champions League.

Offline chrisw1

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Re: FFP
« Reply #69 on: March 31, 2023, 07:44:29 AM »
I would imagine Newcastle wouldn't have anything to worry about yet - they've spent a fair amount, yes, but they had several years of spending nothing under Ashley prior to that so would expect they'd have had a bit of leaway?

Not yet, but you'd imagine there will already be some losses building up.
I think Kieran Maguire (football finance expert) estimated shortly after Newcastle got taken over that the could spend around 600m ish and would still be ok.  Can’t remember what period this was over and it did include estimated increased commercial income.  The general gist is they would be fine

Offline Villatillidie25

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Re: FFP
« Reply #70 on: March 31, 2023, 08:06:43 AM »
I would think that our wage bill is nearly as much as Man Utd's, which is a surprise, you would assume that they pay far more than us - their players must be on large bonus's for qualifying for the Champions League.

Not sure that’s true at all… Phil Jones is on £75k a week and hasn’t kicked a ball for how many years?? They’ve also just introduced that internal cap when their wage bill became the highest in the league so I’m not sure we’re even close to that

Offline OCD

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Re: FFP
« Reply #71 on: March 31, 2023, 11:15:04 AM »
I would think that our wage bill is nearly as much as Man Utd's, which is a surprise, you would assume that they pay far more than us - their players must be on large bonus's for qualifying for the Champions League.

Not sure that’s true at all… Phil Jones is on £75k a week and hasn’t kicked a ball for how many years?? They’ve also just introduced that internal cap when their wage bill became the highest in the league so I’m not sure we’re even close to that

Supposed to be offering Rashford £400k/week. Their wage bill must dwarf ours.

Offline paul_e

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Re: FFP
« Reply #72 on: March 31, 2023, 11:33:41 AM »
The last time wagebills came up the tuinking was tgat we were 7th in the lesgue and they were top.

At a guess I'd say we're not even half theirs.

Offline Villatillidie25

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Re: FFP
« Reply #73 on: March 31, 2023, 11:36:29 AM »
I would think that our wage bill is nearly as much as Man Utd's, which is a surprise, you would assume that they pay far more than us - their players must be on large bonus's for qualifying for the Champions League.

A quick google would suggest they're in the high £300m (£
I would think that our wage bill is nearly as much as Man Utd's, which is a surprise, you would assume that they pay far more than us - their players must be on large bonus's for qualifying for the Champions League.

Not sure that’s true at all… Phil Jones is on £75k a week and hasn’t kicked a ball for how many years?? They’ve also just introduced that internal cap when their wage bill became the highest in the league so I’m not sure we’re even close to that

Supposed to be offering Rashford £400k/week. Their wage bill must dwarf ours.

Not sure that’s true at all… Phil Jones is on £75k a week and hasn’t kicked a ball for how many years?? They’ve also just introduced that internal cap when their wage bill became the highest in the league so I’m not sure we’re even close to that

Supposed to be offering Rashford £400k/week. Their wage bill must dwarf ours.

Absolutely, i'd expect it to be 3x as large easily

Offline Lastfootstamper

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Re: FFP
« Reply #74 on: March 31, 2023, 12:16:11 PM »
Ye gods!

 


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