Club Finances

[slymunn]

1 hour ago, Nolucklcfc said:

The fact we’ve had a problem with wages since 2022 and still haven’t been able to properly fix it, is a complete joke. 65,000 average in the ****ing championship. 

Far longer than 2022.

 

'Leicester City have reported heavy losses for the 2012-13 financial year having spent more on wages than their entire turnover, are heavily subsidised by their owners in the push to win promotion to the Premier League.'

[Heathrow fox]

17 minutes ago, slymunn said:

Far longer than 2022.

 

'Leicester City have reported heavy losses for the 2012-13 financial year having spent more on wages than their entire turnover, are heavily subsidised by their owners in the push to win promotion to the Premier League.'

Very true.John Pantsil was on a reported 20K a week.Played a handful of times and was honking.Just as one example of the Sven period overspend

[stu]

 

[Les-TA-Jon]

1 hour ago, Babylon said:

Yeah that's a load of horse shit. Villa's is more than €309m

Interested to see your source if you think you have one that is more accurate

[coolhandfox]

3 hours ago, Stadt said:

 

£153m wage bill - I hadn't put that into context until now.

 

Inter's estimated wage bill is £117m btw. Coventry's is £17m. So last year, unless I'm missing something really obvious - we spent Inter + 2x Coventry's on wages. It's staggering.

 

I've always chalked up our disaster to incompetence but is it more nefarious than that?

 

Madness, the fact we have had to sale the like of Barnes, Maddison, KHD, Hermensen to fund the wages of the likes of Coady, Ayew,  BCDR et al 

 

But the lunatics are still in charge.  

[Nolucklcfc]

2 hours ago, Les-TA-Jon said:

That figure is for season ending 2025 - i.e last season, in the PL

Aye but in general. We’ve always overpaid on wages. 

[Les-TA-Jon]

1 hour ago, stu said:

 

• Current deduction/breach was for period ending 2024.
• In the hearing we reported our PSR loss/profit vs actual losses
• So you can easily calculated the ‘add-backs’ allowed under PSR rules. These were £25.9m and £25.5m for YR23 and YR24
• For period ending 2025, we have total allowable losses of £83m - vs our losses for that period of £180.2m
• (Minus above £51.4m addbacks) means we need addbacks of £45.8m for YR25 to be compliant.
• I wonder why the club seems to think they can nearly double the addbacks from the previous 2 years…?

Either they're crap at this or I'm missing some other pieces of information - normally I'd say it's a me problem but...

[Babylon]

1 hour ago, Les-TA-Jon said:

Interested to see your source if you think you have one that is more accurate

Villa's account, Brighton's accounts... everyone's accounts. It's all on companies house. 

Edited 30 March by Babylon

[fox_favourite]

19 minutes ago, Les-TA-Jon said:

• Current deduction/breach was for period ending 2024.
• In the hearing we reported our PSR loss/profit vs actual losses
• So you can easily calculated the ‘add-backs’ allowed under PSR rules. These were £25.9m and £25.5m for YR23 and YR24
• For period ending 2025, we have total allowable losses of £83m - vs our losses for that period of £180.2m
• (Minus above £51.4m addbacks) means we need addbacks of £45.8m for YR25 to be compliant.
• I wonder why the club seems to think they can nearly double the addbacks from the previous 2 years…?

Either they're crap at this or I'm missing some other pieces of information - normally I'd say it's a me problem but...

Let's be honest. No one really knows. PSR is a load of tosh and so many ways round it, flaws in the system etc...

[Corky]

PSR will continue to haunt us. Our losses in the past four years have been out of control and our costs still far too high. Chuck in people who aren't particularly creative or savvy and we are left with this repeated issue.

[Lambert09]

Tbh I originally had a smidge of sympathy for the psr stuff as the rules changed at a time we had set up a wage structure to be competitive. But after relegation we had a chance to change course and yet, we got promoted and doubled down. So there’s no ifs or buts about it, no mitigating factors. We are just run by imbeciles and those that aren’t don’t give a damn. 
 

 

Edited 30 March by Lambert09

[Super Shinji]

7 hours ago, st albans fox said:

 We’d sniffed around vestergaard but pushed the button after Fofana’s injury.  No doubt his agent got an even better deal on the back of that. 

 

we renewed his deal because Enzo wanted him - and then Enzo bailed out! 
 

The problem with bringing players from abroad is you never know how they’ll settle here and when you pay them four times more than they were previously earning you have no idea how they’ll mentally handle that either. There is more to a good player than just technical ability and fitness. 

 

Ironic that the only quality player brought in that summer was allowed to leave the following spring ……..

"There is more to a good player than just technical ability and fitness."

 

And here lies the problem. It doesn't matter how good a player is if they don't have the right attitude. Pretty much our whole squad is full of individuals looking after number 1. Most great teams have been built on getting players in with the right mentality and the understanding that you win together and lose together.

[davieG]

1 hour ago, Super Shinji said:

"There is more to a good player than just technical ability and fitness."

 

And here lies the problem. It doesn't matter how good a player is if they don't have the right attitude. Pretty much our whole squad is full of individuals looking after number 1. Most great teams have been built on getting players in with the right mentality and the understanding that you win together and lose together.

It's a lack of intelligence because they don't seem to understand that the better they and the team perform the better it is for their career.

[stu]

Obviously not related to our club finances and the PSR thread is closed, but surely this relates and stinks to high heaven?

 

Edited 31 March by stu

[stu]

 

[st albans fox]

2 minutes ago, stu said:

Obviously not related to our club finances and the PSR thread is closed, but surely this relates and stinks to high heaven?
 

 

It’s just creative accounting 

all clubs with psr issues have done stuff like this 

we would have if it was possible. 

 

EFL rules are more stringent so our relegation complicated matters. 
we would have probably been better off spending summer 2022, staying up and then finding a creative way of generating £40m 

[UniFox21]

4 hours ago, st albans fox said:

It’s just creative accounting 

all clubs with psr issues have done stuff like this 

we would have if it was possible. 

 

EFL rules are more stringent so our relegation complicated matters. 
we would have probably been better off spending summer 2022, staying up and then finding a creative way of generating £40m 

Everton doing the same, selling the women's team for 49m to themselves. Taking them from - 57.6m down to -8.6m

 

 

 

 

[WoodyFox]

So what happens on the next set of accounts to the clubs who have already sold womens teams/stadiums/hotels/training grounds to themselves?

[filbertway]

4 minutes ago, WoodyFox said:

So what happens on the next set of accounts to the clubs who have already sold womens teams/stadiums/hotels/training grounds to themselves?

Buy them back at a reduced rate and then sell them back the following year? 

[slymunn]

27 minutes ago, WoodyFox said:

So what happens on the next set of accounts to the clubs who have already sold womens teams/stadiums/hotels/training grounds to themselves?

The rules are changing, so it won't matter as much.

[Corky]

Not allowed in the EFL. UEFA similar.

 

Premier League- all good.

[CosbehFox]

9 minutes ago, Corky said:

Not allowed in the EFL. UEFA similar.

 

Premier League- all good.

When you get deeper into the recent Chelsea verdict, it's very annoying this is not being made more of. There is still a FA Charge on going let's hope they hit them properly. 

[Corky]

4 minutes ago, CosbehFox said:

When you get deeper into the recent Chelsea verdict, it's very annoying this is not being made more of. There is still a FA Charge on going let's hope they hit them properly. 

I am fully aware that the Premier League is a collective and clubs will vote (or not) in their best interests. Surely there must be a market valuation side to this, and the women's team? How can you judge how much a stadium already built is actually worth?

[gurru991]

26 minutes ago, CosbehFox said:

When you get deeper into the recent Chelsea verdict, it's very annoying this is not being made more of. There is still a FA Charge on going let's hope they hit them properly. 

I really don't care about what happens at other clubs but I'm totally embarrassed that the idiots who run our club are incapable of balancing the books.

When you know the rules & know that the report you submit will be investigated & you still screw it up, it's just an admission of stupidity.

[UniFox21]

Can't wait to see what they do to avoid any sort of charge with this one.