FFP

[Footy-Vill]

If i’m mistaken I’ll start a new thread called PSR

Premier League clubs (2023-24 season) due to file financials by end of today:

• Aston Villa
• Chelsea
• Crystal Palace
• Everton
• Luton Town
• Nottingham Forest
• Sheffield United
• Tottenham Hotspur

regards this matter .

[Jon Crofts]

When will this thread title please be updated to be called PSR as that what it’s called
Rather than start a new thread

I think other threads do get updated so this should be ok to do.
Let’s keep on top of things.

Who made you in charge? You must have forgotten, this is not a democracy.

[Footy-Vill]

I’m part of the community and like to help and be an aid.

If things don’t get updated, it gets confusing. Only saying but avoiding updates means issues can arise. If people are having discussions and debate they need to have the accurate terms
The clocks went forward, for example, so not updating them wouldn’t help.

The same situation is here. I don’t know why it hasn’t been updated as FFP to PSR as , as PSR is the correct term used and what the Premier League use.

 I only see it as a forum member's duty to help, like every other member would if need be, on any matter so to say FFP is not the term that’s used for Premier League Clubs.

That’s the whole point so point made .

Hopefully it will be revised by the end of the season, or I will have to step in merely because the facts are that PSR and SCR will be current and FFP will be an even more outdated term.

The Premier League's Profitability & Sustainability Rules are staying next season after delay to Squad Cost Ratio rules

PSR will be for at least one more season, Squad Cost Ratio (SCR) rules were set to be introduced in the summer.
SCR limits clubs to spending 85 per cent of their revenue on football costs.
But PSR remains next season

No one is talking about FFP so it the wrong title thread for discussion.

[Somniloquism]

Premier League clubs (2023-24 season) due to file financials by end of today:

• Aston Villa
• Chelsea
• Crystal Palace
• Everton
• Luton Town
• Nottingham Forest
• Sheffield United
• Tottenham Hotspur

Not really an issue being as the PL have already had the key items and ok'd them.

[Percy McCarthy]

When will this thread title please be updated to be called PSR as that what it’s called
Rather than start a new thread

I think other threads do get updated so this should be ok to do.
Let’s keep on top of things.

We all know what the thread is related to. No need to change it.

[Jon Crofts]

Putting things in bold won’t change anything either.

[Tuscans]

Aston Villa’s published accounts for the 13 months ended 30th June 2024 show that the Club has made significant progress against their stated focus of consolidation and improvement.

Following a change of sporting leadership in October 2022, the performance of the first team improved dramatically and resulted in a 4th place finish in the Premier League in 2024. European football returned to Villa Park for the first time in over a decade as we reached the semi-finals of the UEFA Europa Conference League and qualified for the Champions League for the first time since 1982/83.

That momentum has continued into the current campaign, with the team currently in the quarter-finals of the UEFA Champions League, semi-finals of the FA Cup and competing in the league for European places.

This on-field performance improvement has been supported by continued focus on delivery of our long-term strategic plan to enhance the playing squad in a sustainable fashion.

The Club has continued to invest in our infrastructure, with capital investment increasing to £16.4m (£13.4m last year), this investment continued into 24/25 with a complete revamp of all our hospitality lounges in advance of our Champions League return, as well as investments in our new retail store, fan experiences and the wider stadium. These enhanced experiences are a key part of our commercial strategy to increase revenue and improve the long-term financial strength of the Club.

Whilst we continue to seek opportunities to increase the capacity of the stadium, we recognise that this must be done in tandem with improvements to the local transport network. We continue to work with local authorities to find appropriate solutions that will allow fans safe, efficient and affordable access to and from games.

The Foundation has continued its sterling charitable and community-led work, not only delivering hundreds of sessions per week across a wide spectrum of initiatives and outreach programmes but also maintaining financial and networking support to communities and charities across Birmingham and the wider region.

Revenue increased during the year by 27% to £275.7m, up from £217.7m in the previous year. A significant part of this increase is driven by finishing 4th in the Premier League versus a 7th place finish in the prior year as well as a cup run to the semi-finals of the UEFA Europa Conference League. The club also made significant progress on Sponsorship and Commercial revenues, which is set to continue into 24/25.

The net result of these changes is that the Club has reported a loss for the year of £85.4m after tax. This compares with a larger loss of £119.6m in the prior year. It is important to note that these figures are in line with the strategic business plan, and we continue to operate within the Premier League’s Profit and Sustainability rules. The owners of Aston Villa remain committed to the long-term and sustainable development of the Club, and we look forward to continued progress on the delivery of our strategic plan.

Full audited accounts of NSWE UK Limited and NSWE Sports Limited for the 13 months ended 30th June 2024 can be found at the following links:

[lovejoy]

The links don't show you the accounts yet as they normally take a while to get uploaded (especially on deadline day). An £85m loss isn't ideal and whilst we are compliant I am nervous.

[SaddVillan]

I've got an alert set up with Companies House that notifies me as and when any of the NSWE/Villa companies posts anything at all.

Nothing's popped up yet.

[AV82EC]

No surprises, from recollection the £275m turnover figure was part of the Deloitte reporting back in January I think. Not too fussed about the loss, within PSR as we already knew. Onwards to our brave new world. Hopefully continued progress to the end of the season sees that figure for y/e 24/25 get close to this mythical £400m turnover. Though I think I saw Heck had said in an interview it landing somewhere between £360-£370m for this year.

[Dante Lavelli]

Remind me, do the losses get aggregated over a number of seasons or is wages/turnover for each season the measure nowadays?

[AV82EC]

Remind me, do the losses get aggregated over a number of seasons or is wages/turnover for each season the measure nowadays?

Still aggregated over 3 years I think but we never see the PSR adjusted loss out with these figures.

[Dante Lavelli]

Remind me, do the losses get aggregated over a number of seasons or is wages/turnover for each season the measure nowadays?

Still aggregated over 3 years I think but we never see the PSR adjusted loss out with these figures.

Thank you.

Even with a reduction for allowable losses, I suspect there will need to be a “break even” set of accounts soon.  We might even need a surplus to balance the last two years of big losses.

The club appear to be pushing every requirement to the limit.  Not because we are badly run, but because that is the only way to close the gap to the Big 6.  Long may the owners stay this invested!

[Percy McCarthy]

Remind me, do the losses get aggregated over a number of seasons or is wages/turnover for each season the measure nowadays?

Still aggregated over 3 years I think but we never see the PSR adjusted loss out with these figures.

Thank you.

Even with a reduction for allowable losses, I suspect there will need to be a “break even” set of accounts soon.  We might even need a surplus to balance the last two years of big losses.

The club appear to be pushing every requirement to the limit.  Not because we are badly run, but because that is the only way to close the gap to the Big 6.  Long may the owners stay this invested!

Amen.

[AV82EC]

Remind me, do the losses get aggregated over a number of seasons or is wages/turnover for each season the measure nowadays?

Still aggregated over 3 years I think but we never see the PSR adjusted loss out with these figures.

Thank you.

Even with a reduction for allowable losses, I suspect there will need to be a “break even” set of accounts soon.  We might even need a surplus to balance the last two years of big losses.

The club appear to be pushing every requirement to the limit.  Not because we are badly run, but because that is the only way to close the gap to the Big 6.  Long may the owners stay this invested!

Well by all accounts if this years figure is anything like the Heck figure quoted above it’ll be this seasons accounts.