I really don’t want to be drawn into it as I’ve no intention of looking into the specifics of the ruling - frankly, I don’t care as I’ve every faith in this management team to be all over whatever we need to do / can do. A couple of things I’d point out though: The ‘latest’ accounts that you’re referring to relate to a period that is now between 24 and 12 months out of date. Not even last season but the one before. Our cost base is likely to be very different and as @jmjhb points out, our revenue next season will be hugely different from last season, never mind compared to the accounts you’re looking at. You’re essentially 2 seasons out of date. Stat accounts never tell the full story. Management accounts will likely be different and more likely to be used to be the basis of the covenants set by this new FFP. Trying to unpick them to align with the ruling is fraught with inconsistency. There is no split in the stats of football / non-football related wages. It’s impossible to decipher. Plus we’ve just got rid of loads of them. Technicalities like treatment of management and coaching staff and where that line is drawn and how loan wages (both out and in) count will never be known to enough detail by anyone outside of those dealing with it in the club. You keep using a term ‘unspent equity’. I’ve no idea what you mean by that but can only come to the conclusion that you mean cash. I appreciate that you’re clearly interested in this side of it and there’s nothing wrong with that, you’ve obviously spent a lot of time looking into it and trying to make sense of it - fair enough, not my idea of time well spent but each to their own. If you’d have set out your understanding of it (with the relevant caveats) and what implications it could have, and have done that once, then I don’t think people would have an issue with it. It’s the fact that it’s said with such conviction, despite the multiple assumptions involved, and then concluded as though you’ve found something that the management of the the club won’t be aware of that is the first annoyance. To then just say it over and over again (I’ve read this same theory at least 10 times over multiple threads), which I can only see is done to try and get the approval and appreciation of others becomes really really tedious. I’ve tried to ignore and just scroll past it but it seems to be everywhere and anywhere. Maybe it’s because there’s sod all else happening but its not the most enjoyable experience having my usual scroll through WW at the moment.