Eddie

I agree, they’ve set up rules to do what they can. But the lunatic can prove they’ve got all the money in the world, it doesn’t mean they’re going to put it into the club if they get bored / fall out with fans / have assets frozen etc. Short of making a new owner put something like 5 years’ worth of expected losses into escrow (which they’d never do and frankly couldn’t do), they just don’t have the levers to pull to make sure any new owner keeps pumping cash in year after year to cover the inevitable losses - so you’re relying to a degree on good faith.

Then roll it forward. They’re subject to a winding up order, likely to go out of existence within weeks/months - no sane person is going to come and save them, but a lunatic who says he’s got the money and wants to buy them and therefore save them comes forward. Do you let them go bust or give them the chance to at least survive for a bit longer? I don’t think you can ever solve it whilst football finance in general is such as basket case.

ChatGPT could have a field day with this

By any chance had you set it up from the sky sports website? It was doing the same for me but I’ve deleted that one and added the version from the bwfc website - I think that’s updated if you want to reduce your admin.

Seriously Sluffy, read that bit again and think about it. Every business has a payroll report…

What are you on about? I literally said it’s far more fun. It’s the only post that I’ve actually enjoyed reading of yours, it’s exactly what the internet is for, light hearted piss taking and when you actually joined in (even when aimed at me) and stopped trying to recite the accounting standards manual it was funny and made me chuckle. Please feel free to do more of it, not everything needs to be serious.

I said nothing of the sort, I said that information isn’t included in the stat accounts you were using for your made up black hole. Anyway, go back to being witty and taking the piss out of me, it’s far more fun.

Funny this. @DLH you’ve got some patience, fair play. @Sluffy please feel free to use that multi-quote function to highlight how many times you declared yourself to be completely proven right - it might be your longest post yet.

When someone has an insatiable desire for attention and so makes more and more extreme comments to try and bait someone / people into a response so that he can get the conversation going again. I’ve come to the conclusion that alongside the obvious requirement for attention, he’s either got a fixation with being an accountant (strange) or vendetta against accountants (stranger). Best way to deal with it is to ignore (fucking wish I had the ability to do it properly - bloody site upgrade 🙄).

You’ll be waiting a while

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.

This is in my wheelhouse and it’s still excruciating. Same shit being guessed at using out of date numbers and incomplete understanding of methodologies. Subsequently knocked back in an understated but obvious way by someone who clearly knows more than most, only to be taken as the cue to double down, add more words but ultimately say the same thing again. And any opportunity on any thread to roll it out is duly pounced upon for regurgitation. I can’t even ‘ignore’ as my account doesn’t seem to have that functionality. I can’t wait to be discussing whether we could actually win the league after doing PNE 3-0 on the opening day.

I’m starting to see why

I don’t know @jmjhb from Adam but if you can’t read between the lines with his posts and figure out that he’s very knowledgeable on the inner dealings / financial aspects of the club then you’re really not very switched on. It would be unfair to ask any more details but I get the sense that he’s doing a very good job of biting his tongue when he’s being challenged on things that he very likely knows the exact answer to.

Seeing as you’ve got a 100% season to your name, I can see why it would likely excite you more than it would me, but I have hardly given it a look for the past 3 or so years. There were only 3 or 4 games a season worth caring about so it never really felt like a big thing to me. This season however, I can’t wait to see the fixtures! It just feels so much different.

I get that he’s got time to fill, but it’s a pointless debate. We’ll likely bring 8-10 more in and probably lose 2-3 that we currently have. All it does is point out what we all know, we’ve cleared the decks and are at the start of a transfer window having moved up a league.

I think the point is that you don’t know it’s an awful signing. You think it might turn out to be an awful signing. There’s a big difference and how you say it changes how people will read it. You’re unbelievably definitive in most things you say - sometimes you’ve actually got a really good point but you state everything as fact, not opinion. If you said “based on his recent record with Birmingham and Oxford and his injury problems, I think it will be an awful signing” then it’s far easier to understand and read, gain the context and then either agree or disagree with what is a very fair opinion. When you state it so factually, you’re basically saying this is right and anyone that thinks differently is wrong.

I’m not surprised with that name

This is the one for me. Players always seem quicker and the pace of play seems much faster

Modric on the way!

Exactly that. Forced to. The bollocks of PSR - they got forest’s 3rd keeper for £15m+ to offset so it worked financially for both sides. He’s a proper player though, regardless.

FFS

Agreed, there would be ways to soften the blow. But then let’s say we go straight back down, you’re locked into another £3.75m of future payments with £12m less revenue. Whichever way you look at it, to make big (enough) you’ve got to be spending big (relatively) in the first place, unless you can rely on an academy system to produce them instead - which is why Conway will be given a good shot at it next season because if he can prove himself to some degree at the Championship level then we’ve potentially developed our own c.£5m asset. Anyway, straying into the finance side but it was just to highlight that the gambles on player signings have (possibly obviously) just stepped up a notch!

I agree with the view that loan, we have a chance, buy we don’t. Just using it as an example though, it’s where the world of second tier football becomes a massive gamble. We won’t break even without profit on players and frankly, £1m here and there won’t do it either. Say Brighton would sell for £5-6m with a nice sell on clause - I don’t think we have the capital backing to stump it up at this point, but if we did and the shareholders saw the opportunity, do you find the £5m on the gamble that he has a wonder season either this year or next in the championship and suddenly you can sell for £10-15m? He’s the kind of player that could have that season, he’s the kind of player that would catch the attention, but then again he could have another season like he did at Rovers and there goes your £5m. Glad it’s not me making those decisions (again, I don’t think we’re in a place at the mo to be making such big ones but maybe at the £2-3m mark we are).

I presumed he’d be about 36, turns out he’s only 33.