Club Finances

[Trav Le Bleu]

1 hour ago, Corky said:

When will we know if we are compliant?

2031

[Corky]

£71 million lost to give us our worst top flight season in a generation points wise, record breaking run at home of incompetence, appointing and sacking two managers presiding over it and a squad light on quality but high on mediocrity.

[Sly]

What was our nett balance for player purchases / sales for the period? Around £40m? 
 

That still leaves a £30m gap! 

[john ridley]

1 hour ago, South Shire Fox said:

The club needs to get back to the model that made us successful, the Nigel Pearson model. Young, hungry players from top academies but who dont have a future at those clubs. Talented young players already in the EFL with a mix of free agent experienced pros on short term deals. No big wages, no egos. No long term contracts for players over 30

Trouble is will they fancy league 1.

[Wymsey]

Need Mike Ashley to discount the losses..

[moore_94]

2 minutes ago, Sly said:

What was our nett balance for player purchases / sales for the period? Around £40m? 
 

That still leaves a £30m gap! 

£66.7m

 

Only player we sold in these accounts was Cannon

[PAULCFC]

I would be interested to know if our next parachute payment has allready been secured against a loan from Macquire? If it was then we are in a whole world of trouble,especially if we go down.

[SK3Blue]

No wonder the credit rating is going down as quick as the club itself. 
 

It’s going to get worse, far worse, yet they seem oblivious. 

[The Year Of The Fox]

9 minutes ago, moore_94 said:

£66.7m

 

Only player we sold in these accounts was Cannon

Who we needed to use Macquarie for to gain full access to those funds in the present 

 

 

This place and myself included is often guilty of hyperbole, but to say ‘we are absolutely ****ed’ is an accurate assessment of this.

Edited 27 March by The Year Of The Fox

[An Away Move]

Coventry are going to buy Seagrave for £1 to help our balance sheet out, aren’t they?

[Pliskin]

Just now, An Away Move said:

Coventry are going to buy Seagrave for £1 to help our balance sheet out, aren’t they?

Forest are the ones wanting a new training ground. Coventry will spend most of their budget on getting Maddison on loan! 

[Gamble92]

Let's not forget our amazing, great owners were part of a of an undercover documentary where a bunch of owners from China and Thailand sat in a room talking about how to effectively buy a club on the cheap to get in the Premier League.

 

They spoke about how it's like a £30m gamble basically. With the end goal to get a Premier League club that's worth ten times that. 

 

Of course that's nothing to them. But what they didn't talk about is what happens if you don't achieve that aim. The result is Derby County and Sheffield Wednesday.

 

We were the lucky ones for how it turned out. But now we are seeing the exact same gung-ho tactics and we of course won't be as lucky this time. 

 

Sick of this ****ing idea Top cares. Or they ever have just because the team on the pitch achieved success and it all made for a great story. We see how much he cares when there's no vanity trip to go on. Week in week out while we watch this shit. There's no trophy to parade, no Thai influencers to show how adored he is by his deluded peasants. 

 

This is the reality.

Edited 27 March by Gamble92

[An Away Move]

2 minutes ago, Gamble92 said:

Let's not forget our amazing, great owners were part of a of an undercover documentary where a bunch of owners from China and Thailand sat in a room talking about how to effectively buy a club on the cheap to get in the Premier League.

 

They spoke about how it's like a £30m gamble basically. With the end goal to get a Premier League club that's worth ten times that. 

 

Of course that's nothing to them. But what they didn't talk about is what happens if you don't achieve that aim. The result is Derby County and Sheffield Wednesday.

 

We were the lucky ones for how it turned out. But now we are seeing the exact same gung-ho tactics and we of course won't be as lucky this time. 

 

Sick of this ****ing idea Top cares. Or they ever have just because the team on the pitch achieved success and it all made for a great story. We see how much he cares when there's no vanity trip to go on. Week in week out while we watch this shit. There's no trophy to parade, no Thai influencers to show how adored he is by his deluded peasants. 

 

This is the reality.

I know someone high up there in business, they told me before we won the league our owners were gamblers. 

[Paninistickers]

1 minute ago, An Away Move said:

I know someone high up there in business, they told me before we won the league our owners were gamblers. 

Correct. You don't make a billion pounds from flogging toblerones and Gordon's gin at an airport sold in baht 

 

Vichai gambled and leveraged his business to the absolute max and more. 

 

 

[reynard]

2 hours ago, Corky said:

Oh yeah, this is nowhere near the highest loss. The game is desperate for proper cost controls.

Absolutely right but it will never happen. Really player wages are far far too high. With the amount of money in the premier league no club should be making any kind of loss on the day to day running of the club. I get you need to invest in physical structures etc but player wages need to come down in all leagues. Our losses are terrible but if you are in the 4th tier of football and losing 2 or 3 million a year it just isn't sustainable.

You can cut costs across the non playing staff and other non staff costs but the player wage bill is the main expenditure.

No player should be allowed to earn over 50k a week as a basic wage in the top flight and far less as you go down the leagues. This needs a wage cap but it will never happen and we will just continue on the path football is on to no competition, a few wealthy clubs doing ok and the rest close to folding.

[Ian Nacho]

What are the allowable losses under PSR? I lose track. 

[reynard]

1 hour ago, DJ Barry Hammond said:

I’m not sure that’s any comfort, given the basket cases these clubs are.

 

But football finance in general is in a mess, lots of clubs with wages in excess of 100% of turnover… and this includes plenty of clubs doing relatively nothing in their respective divisions.

 

The main thing I’d welcome from the accounts is our wages to revenue figure of around 80% - that’s the requirement for clubs not in European competition under the new rules in the Premier League next season; and whilst we’re obviously not going to be there ourselves, it’s the right sort of level to aim for regardless.

 

The other thing that should give us some cause for optimism - the investment in our academy and Seagrave is pointing towards paying significant dividends in the near future, both in reduced player outlay and transfer fees receivable.

A figure that is far too high and just shows the greed of the modern pro and their agents. A figure nearer 50% would be a better start.

[The Doctor]

6 minutes ago, Ian Nacho said:

What are the allowable losses under PSR? I lose track. 

with 2 PL seasons and one championship season (22/23, 23/24 and 24/25), 83m I believe 

[djskydiver]

Leicester could’ve saved a cheeky £3m just by reminding the fans at Happy Clappers FC that they actually have hands at the end of their arms

[reynard]

44 minutes ago, Corky said:

£71 million lost to give us our worst top flight season in a generation points wise, record breaking run at home of incompetence, appointing and sacking two managers presiding over it and a squad light on quality but high on mediocrity.

But don't worry the finance director has been promoted, the failed DOF has been promoted and the chief scout who recommended all the dross we've signed and who can't seem to see further than the Solent is still in place. 

[Vestan Pance]

5 minutes ago, Ian Nacho said:

What are the allowable losses under PSR? I lose track. 

Allowable losses are things like training ground, academy etc which this announced figure doesn't include.

 

I believe we have to lose less than around £85m for the three seasons we are talking about (2 in PL, 1 in Champions)?

 

The accountants will have to perform a miracle to make us compliant surely?

[Claudio Fannieri]

Forget PSR bollox and allowable losses etc etc, as a business over the last 4 accounting periods we have lost £275m or on average £5.72m per month or £1.3m per week or nearly £200k per day ……. At what stage do the KPFC supporters wake up and see the financial abyss we face, the fact that those loses have presided in us gong from 8th in the premier league and a European semi final to the verge of league one. 
 

We have learnt nothing, last season we literally burnt money whilst mainly investing in bang average players and woeful managers whilst barely landing a punch on the premier league. 
 

The people who have managed this decline which includes our first ever pointe deduction haven’t paid the price with their jobs no instead they have been promoted. 
 

I repeat that our financial position is untenable and unsustainable, our cash position has worsened by over £2.5m in a season where we are in the top flight, so what will it look like after this season when match day and TV revenue has reduced significantly. 
 

We are in dire straits and is anyone comes on here defending or in denial as to the seriousness of our plight are deluded, naive and have little or no appreciation of business or finance. 
 

if we go down we will be in administration within 12 months, if we stay up without promotion we will be the same within 2 years and that is me being very positive . 

[Paninistickers]

2 minutes ago, Claudio Fannieri said:

Forget PSR bollox and allowable losses etc etc, as a business over the last 4 accounting periods we have lost £275m or on average £5.72m per month or £1.3m per week or nearly £200k per day ……. At what stage do the KPFC supporters wake up and see the financial abyss we face, the fact that those loses have presided in us gong from 8th in the premier league and a European semi final to the verge of league one. 
 

We have learnt nothing, last season we literally burnt money whilst mainly investing in bang average players and woeful managers whilst barely landing a punch on the premier league. 
 

The people who have managed this decline which includes our first ever pointe deduction haven’t paid the price with their jobs no instead they have been promoted. 
 

I repeat that our financial position is untenable and unsustainable, our cash position has worsened by over £2.5m in a season where we are in the top flight, so what will it look like after this season when match day and TV revenue has reduced significantly. 
 

We are in dire straits and is anyone comes on here defending or in denial as to the seriousness of our plight are deluded, naive and have little or no appreciation of business or finance. 
 

if we go down we will be in administration within 12 months, if we stay up without promotion we will be the same within 2 years and that is me being very positive . 

Best post on thread 

[Sol thewall Bamba]

The Facebook footsoldiers nowhere to be seen this evening!

[UniFox21]

Usual they expect us to have failed, yet we keep saying we expect to be fine.