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Posted
12 minutes ago, Ted Maul said:

Might the new training ground and stadium expansion be restricting our spending slightly? Neither will be cheap.

No, they don't impact on FFP. It seems purely to be the inability to stretch the wage structure as we've so many fringe players.

  • Like 1
Guest Chocolate Teapot
Posted
1 hour ago, Babylon said:

FFP isn't even an issue IMO, we've sold a player for £60m and on our last accounts posted the largest profit in premier league history. So long as you fund your expenditure above the agreed amount by sales or other means (eg. HUGE profit from a champions league campaign) you are home and dry.

 

If we want to balance the books a little, it's because it's financially prudent to do so. Stock piling endless "talent" on huge wages is a recipe for disaster.

 

Its a wage issue, not income....

Posted (edited)
49 minutes ago, Ted Maul said:

Might the new training ground and stadium expansion be restricting our spending slightly? Neither will be cheap.

Considering Mahrez has paid for atleast 90% of the training ground I don't think so. Haven't started building for expansion yet just plans so wouldn't be that. We are extremely financially sound. He took on huge profits from winning the league and champions league money aswel. Take into consideration the TV money we get every year we are not in financial trouble. It's just common sense to want to get rid of players that wont doing anything other than stealing a wage. More players will be coming in. I beleive 2 atleast…..

 

Just had to check so Leicester took home a total of £118M just from the 2018 season so we are absolutely fine.

Edited by FirePower
  • Like 2
Posted

Why can’t this thread - along with about 30 others be locked?

No credible evidence seen linking us with him and the thread itself appears to have gone off at several tangents

Posted
19 minutes ago, ClaphamFox said:

Well, I'm convinced. Take that, Brighton! Ha Ha!! :scarf:

Excellent ?This will kill Sheppyfox once he finds out this is fake news.

Posted
29 minutes ago, Abrasive fox said:

 

Its a wage issue, not income....

And wages are paid with income, the £7m increase p/a rule is tied into the TV revenue deal. You can increase it by more than that so long as you generate that income yourselves. Eg. player sales, commerical income, competition winnings (champions league, FA Cup) gate receipts etc.

 

It's clear our wage bill will be outrageous as we have far too many players, well above our current actual needs and we absolutely need to trim it like any good business would do. But I don't believe it's a FFP issue particularly as we've generated enough income the last two years for us to not be tied to the £7m only increase. Long term we probably can't sustain what we're on, but short term I can't see it being a massive issue.

Posted
35 minutes ago, urban.spaceman said:

Di2-IhUWwAIJxCU?format=jpg&name=medium

Please circulate that on Twitter. Brighton fans would come unglued. Lol

  • Like 1
  • Haha 1
Posted (edited)
9 minutes ago, les-tah said:

in my opinion Brighton are a sleeping giant.

 

I don't know if you're joking but I would agree they have excellent potential.

 

I've just googled it but couldn't find it but I read an article that if everyone supported the club closest to them in England, Brighton would have the biggest fan base in the country. Now they're a PL club they can utilise advantage and attract new fans.

 

Brighton is also a nice city by the sea which will attract players and it's an affluent area which means they could sell higher price tickets and merchandise. If I was a billionaire looking for a club a few years a go to develop it would have been near the top of my list.

Edited by Gerard
  • Like 1
Posted
13 minutes ago, Gerard said:

 

I don't know if you're joking but I would agree they have excellent potential.

 

I've just googled it but couldn't find it but I read an article that if everyone supported the club closest to them in England, Brighton would have the biggest fan base in the country. Now they're a PL club they can utilise advantage and attract new fans.

 

Brighton is also a nice city by the sea which will attract players and it's an affluent area which means they could sell higher price tickets and merchandise. If I was a billionaire looking for a club a few years a go to develop it would have been near the top of my list.

 

Close to London too but without the smell. 

Posted (edited)
53 minutes ago, Babylon said:

And wages are paid with income, the £7m increase p/a rule is tied into the TV revenue deal. You can increase it by more than that so long as you generate that income yourselves. Eg. player sales, commerical income, competition winnings (champions league, FA Cup) gate receipts etc.

 

It's clear our wage bill will be outrageous as we have far too many players, well above our current actual needs and we absolutely need to trim it like any good business would do. But I don't believe it's a FFP issue particularly as we've generated enough income the last two years for us to not be tied to the £7m only increase. Long term we probably can't sustain what we're on, but short term I can't see it being a massive issue.

 

Even if you go over, you just get a fine. 

 

We could theoretically quadruple our wage bill, take the one time hit in fines and then have a baseline of a world class team next year. 

 

Obviously that would be stupid but there's no points deductions or anything for the wage "cap", it's just a deterrent. 

Edited by Finnegan
  • Like 1
Posted
2 hours ago, Ric Flair said:

It's the wage problem though. I'm relying on you to appease me as I'm just some thick neanderthal but you do your research. Can you find room for some more signings please in our wage structure?

Was anyone saying there was a huge wage issue stopping us buying people three weeks ago? If people weren't worrying then, I'm not sure why they are worrying when we've just got £100k off the weekly bill and £60m in the bank.

 

Sure we need to reduce the wage bill and get rid of some dead wood. But I just cannot work out how we'd be in the situation where we couldn't replace our best player.

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Posted
Just now, Babylon said:

Was anyone saying there was a huge wage issue stopping us buying people three weeks ago? If people weren't worrying then, I'm not sure why they are worrying when we've just got £100k off the weekly bill and £60m in the bank.

 

Sure we need to reduce the wage bill and get rid of some dead wood. But I just cannot work out how we'd be in the situation where we couldn't replace our best player.

I hope you're right, it doesn't make sense though for us not to replace him through our own accord. It will cost Puel his job very quickly, but perhaps that doesn't bother him. Fire in the pot.

Posted

If the club is posting profits the wage bill obviously isn't a problem. 

 

The contracts of Ulloa, Slimani, Musa and anyone else we can't shift are all finite. They'll expire eventually, you can budget to accommodate that. 

 

Just to add some perspective, the fines you get for going over your allowed wage increase are probably less than the difference between finishing 10th and 8th.

 

There's a point to which it's simply financially sensible to take the hit early, especially given our recent profits, and sustain later. 

Posted
40 minutes ago, Babylon said:

And wages are paid with income, the £7m increase p/a rule is tied into the TV revenue deal. You can increase it by more than that so long as you generate that income yourselves. Eg. player sales, commerical income, competition winnings (champions league, FA Cup) gate receipts etc.

 

It's clear our wage bill will be outrageous as we have far too many players, well above our current actual needs and we absolutely need to trim it like any good business would do. But I don't believe it's a FFP issue particularly as we've generated enough income the last two years for us to not be tied to the £7m only increase. Long term we probably can't sustain what we're on, but short term I can't see it being a massive issue.

Mahrez was on a small fortune, surely with him and Huth leaving that must have just about covered the salaries of the new players.

 

Posted
15 hours ago, KJT said:

On the positive side if he does sign for us, all of Iran will be watching Leicester games week in week out just to see their man play for a top English team, just as all Egyptians tune into Liverpool games to watch their favorite Mo Salah every week

Not for long if Trump gets his way

Guest Chocolate Teapot
Posted
4 minutes ago, Babylon said:

Was anyone saying there was a huge wage issue stopping us buying people three weeks ago? If people weren't worrying then, I'm not sure why they are worrying when we've just got £100k off the weekly bill and £60m in the bank.

 

Sure we need to reduce the wage bill and get rid of some dead wood. But I just cannot work out how we'd be in the situation where we couldn't replace our best player.

I was actually.....

 

We spent the Mahrez money before we got it (we added nearly £170k a week vs £100k out) - they'll need to be more outs before they're are any ins particularly if we want to keep our best players (Maguire, Ndidi, Vardy, possibly even Schmeichel). Vardy and Maguire are going to be at least another £100k a week if we want to keep them. Last years accounts weren't as profitable as they were expected with no european football vs expected 7th and it only works on last year so the CL money and record profits won't work. All points to the **** up that was the year after we won the league.

 

If anyone comes in soon they'll be an out lined up. 

Posted (edited)
14 minutes ago, Finnegan said:

 

Even if you go over, you just get a fine. 

 

We could theoretically quadruple our wage bill, take the one time hit in fines and then have a baseline of a world class team next year. 

 

Obviously that would be stupid but there's no points deductions or anything for the wage "cap", it's just a deterrent. 

 

Not only that, even if we don't reduce the amount of players this summer, there are a few higher wage contracts that will run out next year. 

 

*Oops you already stated something similar in a later post* 

Edited by Suzie the Fox
Posted
1 minute ago, Suzie the Fox said:

Not only that, even if we don't reduce the amount of players this summer, there are a few higher wage contracts that will run out in a year. 

 

It's almost like I just said that a second ago. 

  • Haha 1
Posted
3 minutes ago, Abrasive fox said:

I was actually.....

 

We spent the Mahrez money before we got it (we added nearly £170k a week vs £100k out) - they'll need to be more outs before they're are any ins particularly if we want to keep our best players (Maguire, Ndidi, Vardy, possibly even Schmeichel). Vardy and Maguire are going to be at least another £100k a week if we want to keep them. Last years accounts weren't as profitable as they were expected with no european football vs expected 7th and it only works on last year so the CL money and record profits won't work. All points to the **** up that was the year after we won the league.

 

If anyone comes in soon they'll be an out lined up. 

There is a fcukin out they've just refused. Musa for £12m and £65k a week in wages saved. 

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