Chocolate Teapot Posted 6 March Share Posted 6 March Just now, coolhandfox said: If you have something to hide as you say why would you submit projection that see you fail? I presume you can't lie on a projection because it'll be in some way audited. Link to comment Share on other sites More sharing options...
Tommy G Posted 6 March Share Posted 6 March 1 minute ago, DJ Barry Hammond said: Those accounts are due and get sent off for auditing before being published I believe - so the figures will be known across certain circles in and outside the club. They are due at the end of March. Outside the club the only people that will know are the auditors Link to comment Share on other sites More sharing options...
Chocolate Teapot Posted 6 March Share Posted 6 March Just now, CosbehFox said: Hence KDH Brighton bid but I was told I was being daft CosbehFox > John Percy. Link to comment Share on other sites More sharing options...
ealingfox Posted 6 March Share Posted 6 March The authorities have never forgiven us for breaking up the cartel in 15/16 and will stop at nothing until we're destroyed. 1 1 Link to comment Share on other sites More sharing options...
Tommy Fresh Posted 6 March Share Posted 6 March 2 minutes ago, CosbehFox said: Hence KDH Brighton bid but I was told I was being daft If we were so desperate to sell why would we hold out for more? Link to comment Share on other sites More sharing options...
Fear Of The Fox Posted 6 March Share Posted 6 March 1 hour ago, Stinkenzo said: Somebody explain this to me in Ice Hockey terms Delayed offside. Link to comment Share on other sites More sharing options...
HUNTA84 Posted 6 March Share Posted 6 March Based on this, wouldn't most clubs that get relegated from the premier league be in breach? If the EFL then require a business plan from the relegated clubs because they propose they're going to be in breach, wouldn't the responses from those relegated clubs be exactly the same... somewhere along the lines of, we will sell players to cover this breach, unless we get promoted at the first time of asking, then it doesn't apply. 1 Link to comment Share on other sites More sharing options...
CosbehFox Posted 6 March Share Posted 6 March Just now, Tommy Fresh said: If we were so desperate to sell why would we hold out for more? Fcuk knows. The right hand doesn’t know what the left hand is doing most of the time at LCFC - and that’s not a joke Link to comment Share on other sites More sharing options...
Corky Posted 6 March Share Posted 6 March 3 minutes ago, CosbehFox said: Hence KDH Brighton bid but I was told I was being daft If we have to, I cannot see us selling players for large fees before the end of June. Clubs will know our situation. Link to comment Share on other sites More sharing options...
coolhandfox Posted 6 March Share Posted 6 March (edited) 6 minutes ago, Chocolate Teapot said: I presume you can't lie on a projection because it'll be in some way audited. It's a projection, in other words an estimate, so you can easily change and flex it. From the EFL website: Financial Records EFL Clubs are also required to submit certain financial records to the CFRU at certain points of the year. These submissions include annual accounts (and in the case of the Championship, interim accounts) and future financial information forecasts (or “FFI”). FFI information helps the CFRU understand a Club’s spending plans and how it plans to fund its activity. I would suggested we have refused to do that bit in bold. Edited 6 March by coolhandfox Link to comment Share on other sites More sharing options...
Tielemans63 Posted 6 March Share Posted 6 March There seems to be a lot of smoke, which usually means one thing.... Link to comment Share on other sites More sharing options...
MattFox Posted 6 March Share Posted 6 March Last few years of King Powers ownership has been a complete shambles as I said the other day Not sure how it’s deniable now Link to comment Share on other sites More sharing options...
BertFill Posted 6 March Share Posted 6 March 1 hour ago, Hitesh said: 1 hour ago, Dames said: We needed new owners yesterday. This still wouldn't have solved the problem. Our expenditure far outweighs revenue and nothing much new owners could do to solve for that Even assuming they were good new owners, which they probably wouldn't be, despite the assumption of some on here that any new owners would automatically be an improvement. Link to comment Share on other sites More sharing options...
leicesterseddon Posted 6 March Share Posted 6 March (edited) 59 minutes ago, Stevosevic said: Why are we so broke? Genuine question. Purely because we committed to a high wage bill over the last few years? Because our revenues aren’t enough to justify our wage bill, which has come down since relegation but still high. Our wage bill was 7th highest in the country last year! We’re not “broke” (arguably) - we just don’t have the income to support the our relatively high wage bill. For better or ill, this is ultimately the point of the rules - to link wages to revenue. Edited 6 March by leicesterseddon Link to comment Share on other sites More sharing options...
CosbehFox Posted 6 March Share Posted 6 March (edited) 1 minute ago, Corky said: If we have to, I cannot see us selling players for large fees before the end of June. Clubs will know our situation. Which is why Brighton attempted a low ball or if there even was a bid in an attempt to build interest Suspect club prioritised getting promoted first over player sales. Because a failure to get promoted sees probably (with this news) three years of FFP failure Edited 6 March by CosbehFox Link to comment Share on other sites More sharing options...
Stevosevic Posted 6 March Share Posted 6 March Sounds like it will be a long season if we manage to go up Link to comment Share on other sites More sharing options...
Popular Post Umbungo78 Posted 6 March Popular Post Share Posted 6 March 13 Link to comment Share on other sites More sharing options...
Jordan Posted 6 March Share Posted 6 March Just one thing for us all to keep in mind: Our 21/22 accounts had a £92.5m loss for just that season. City will be permitted losses of up to £83m over this 3-year period. While not every pound of that 21/22 loss will count towards the P&S thresholds, that year’s reports should be enough to suggest we’re going to need some magically good news in our 22/23 financial results, the concern the EFL showed from their sneak peek into this probably means we’re in some sort of trouble. 1 Link to comment Share on other sites More sharing options...
goose2010 Posted 6 March Share Posted 6 March Right ok so if found guilly what happens ? Points deduction? And it goes away ? Link to comment Share on other sites More sharing options...
JimmyC74 Posted 6 March Share Posted 6 March 4 minutes ago, Corky said: If we have to, I cannot see us selling players for large fees before the end of June. Clubs will know our situation. Exactly this. Link to comment Share on other sites More sharing options...
HankMarvin Posted 6 March Share Posted 6 March Kieron Maquire said we needed to cut 100m/110m as wages were 180m towards end of last year Link to comment Share on other sites More sharing options...
Lambert09 Posted 6 March Share Posted 6 March 2 minutes ago, Stevosevic said: Sounds like it will be a long season if we manage to go up I’d snap your hand off for that now though. Go up, consolidate, rely on loans, give youngsters a chance and hope for a miracle. Or drop down in a much better financial situation and rebuild…. seems ridiculous as this was supposed to be the rebuild platform but looks like we’ve messed it all up again. 1 Link to comment Share on other sites More sharing options...
StanSP Posted 6 March Share Posted 6 March Club doing the equivalent of 'play like this and we'll be fine'. 1 Link to comment Share on other sites More sharing options...
Foxdiamond Posted 6 March Share Posted 6 March Football rather reflects the country. Skewed so the rich get richer and the others know your place Link to comment Share on other sites More sharing options...
Lionator Posted 6 March Share Posted 6 March 1 minute ago, HankMarvin said: Kieron Maquire said we needed to cut 100m/110m as wages were 180m towards end of last year Rodgers and Rudkin should be in prison, honestly. Link to comment Share on other sites More sharing options...
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