Club Finances

[Livid]

Season Ticket email comes through and then I see this. That faint light at the end of the tunnel was a bloody big train! 
 

When does this end? 

[HP1]

Points deduction FC

[FoxesWalk]

We are a clown show, and fully deserve the administration that is coming on relegation 

[BeaumontFox]

18 minutes ago, FoxinNotts said:

[Lad1966]

I’m not an accountant, but how this affect or PSR position?

Looking at some of the detail, we seem to have access to some kind of contingency of about £10m to help with cash flow and if required a further £116m if that runs out - what does that mean?

[DJ Barry Hammond]

One thing in this topic I do find peculiar… I look back at my original opening post in 2020 and ponder… how has that still only got 10 likes given what’s transpired since😂 !

[brookfox]

Bloody good job we’ve got Top here propping us up out his own back pocket 🙏🏻

[Claudio Fannieri]

This is horrific and make no mistake given we are now staring down the barrel of league one, with a squad who’s value is diminishing by the hour, this is a whole lot worse than the first year we were relegated as at least then we had a number of high value saleable assets. 
 

No doubt there will be some on here trying to paint a positive picture and outlook but the reality is we are going to hell in a handcart. 
 

What a shock the announcements of the new appointments were done in advance of the accounts being released because how any of these can retain their roles let alone get a promotion is beyond comprehension. 

[Blue ROI]

8 minutes ago, BeaumontFox said:

Be careful what you wish for..... 

[Muzzy_no7]

Anyone adjusted the figures (or had a go at) for PSR? 

[Gamble92]

3 minutes ago, Claudio Fannieri said:

This is horrific and make no mistake given we are now staring down the barrel of league one, with a squad who’s value is diminishing by the hour, this is a whole lot worse than the first year we were relegated as at least then we had a number of high value saleable assets. 
 

No doubt there will be some on here trying to paint a positive picture and outlook but the reality is we are going to hell in a handcart. 
 

What a shock the announcements of the new appointments were done in advance of the accounts being released because how any of these can retain their roles let alone get a promotion is beyond comprehension. 

It's alright cos Hackeyfox said it's fine

[Tommy G]

9 minutes ago, Lad1966 said:

I’m not an accountant, but how this affect or PSR position?

Looking at some of the detail, we seem to have access to some kind of contingency of about £10m to help with cash flow and if required a further £116m if that runs out - what does that mean?

Lines of credit from Top &. KP because they are probably pushing up against their covenants with their third party lenders. 
 

Probably had to get these in place so the auditors didn’t write any nasty words in the going concern review. 

[moore_94]

17 minutes ago, The Year Of The Fox said:

Are you being serious?

 

 

It’s very very believable 

Yep!

 

I asked for them to name me a club that loses as much money as we do that is staring down back to back relegations and of course have heard nothing back

[Blue ROI]

1 hour ago, Craig said:

Another protest for Preston?

Well it's not far off an anagram so why not

[Les-TA-Jon]

So losses of £180m for 3 year period ending 25

 

not sure what that means for PSR, given we’ve already been punished for period ending 24 and it includes 1 year in the PL. 

 

isn’t EFL allowable losses £40m with some sort of upward adjustment for each PL year? 

[HankMarvin]

Keep Fatawu till July he goes to the World Cup comes on a sub scores a few James Rodriquez type bangers goes for £80m problem solved 

[HankMarvin]

5 minutes ago, Les-TA-Jon said:

So losses of £180m for 3 year period ending 25

 

not sure what that means for PSR, given we’ve already been punished for period ending 24 and it includes 1 year in the PL. 

 

isn’t EFL allowable losses £40m with some sort of upward adjustment for each PL year? 

Permitted losses have to be factored in no? 

Edited 27 March by HankMarvin

[Lad1966]

2 minutes ago, Tommy G said:

Lines of credit from Top &. KP because they are probably pushing up against their covenants with their third party lenders. 
 

Probably had to get these in place so the auditors didn’t write any nasty words in the going concern review. 

I also noticed that players sales, in the summer did appear in this years account - will be included in next years account!

[Stopharage]

Don’t know what everyone’s so worked up for. 
 

If this was bad news, Top wouldn’t have promoted Rudders and the bloke in charge of finance, would he? 

[HankMarvin]

Edit

Edited 27 March by HankMarvin

[floz]

15 minutes ago, DJ Barry Hammond said:

One thing in this topic I do find peculiar… I look back at my original opening post in 2020 and ponder… how has that still only got 10 likes given what’s transpired since😂 !

11 now 👍

[Pita]

6 minutes ago, Les-TA-Jon said:

So losses of £180m for 3 year period ending 25

 

not sure what that means for PSR, given we’ve already been punished for period ending 24 and it includes 1 year in the PL. 

 

isn’t EFL allowable losses £40m with some sort of upward adjustment for each PL year? 

It mean we are up to our neck in the smelly stuff 💩💩💩💩💩💩💩💩💩

[Pita]

27 minutes ago, Livid said:

Season Ticket email comes through and then I see this. That faint light at the end of the tunnel was a bloody big train! 
 

When does this end? 

With our 🤡🤡🤡🤡 in charge it does not end 

[The Year Of The Fox]

14 minutes ago, moore_94 said:

Yep!

 

I asked for them to name me a club that loses as much money as we do that is staring down back to back relegations and of course have heard nothing back

Slags

 

Pair of them 

[BenTheFox]

30 minutes ago, Livid said:

Season Ticket email comes through and then I see this. That faint light at the end of the tunnel was a bloody big train! 
 

When does this end? 

It really is the Mick McCarthy bit. Everytime you think it can't get worse, it does.