Surely this is an indicator that a tonne of other clubs must have been very close to breaching.weimaranerblues wrote: ↑Sat Mar 02, 2024 11:22 am Wolves escape breach despite big losses for the last two seasons.
£67.2m
£46.1m
https://www.bbc.co.uk/sport/football/68456113
Financial Fairplay Investigation - 2025 Nobody in Breach
Re: Financial Fairplay Investigation - 4 Points Back
Re: Financial Fairplay Investigation - 4 Points Back
But the key difference is that they took the required steps to make sure they didn't breach.
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777Kidnappings
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Re: Financial Fairplay Investigation - 4 Points Back
Surely what's now going to happen is the elite will now pick off more players and even cheaper as the rest get desperate to keep the right side of ffp. So they'll be financially worse off and less competitive l. While the elite few get even stronger and it costs them less to do it.
Re: Financial Fairplay Investigation - 4 Points Back
Remember this is just the accounts, the clubs then submit with mitigating factors e.g. spend on womens game, spend on youth, stadium, blah blah blah.
You could lose 300m in the accounts as long as there are mitigating factors. We had lots and lots written off, just not enough.
Re: Financial Fairplay Investigation - 4 Points Back
It's embarrassing that our owner was a fn accountant..
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Cereal Killer
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Re: Financial Fairplay Investigation - 4 Points Back
An “accountant” in the sense he is a gormless puppet used to launder a billionaires dodgy money
Re: Financial Fairplay Investigation - 4 Points Back
I see the Esk days our external debt is costing us £3.6million a month and rising.
Likely rates are 12%ish on average. Given rates have been coming down and we'll be able to secure against the stadium should see those costs drop by more than half once we can re-finance.
£25M-£30M a year in savings plus increased revenue. Might take a few years and rely on us staying in the league but will completely change our financial situation.
Likely rates are 12%ish on average. Given rates have been coming down and we'll be able to secure against the stadium should see those costs drop by more than half once we can re-finance.
£25M-£30M a year in savings plus increased revenue. Might take a few years and rely on us staying in the league but will completely change our financial situation.
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StirlingBlue
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Re: Financial Fairplay Investigation - 4 Points Back
He did like 20 years in actual accounting for EY and Deloitte before the Russian money train pulled in tbfCereal Killer wrote: An “accountant” in the sense he is a gormless puppet used to launder a billionaires dodgy money