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87M Loss
Jun 1, 2021 7:59:55 GMT
via mobile
Post by Deleted on Jun 1, 2021 7:59:55 GMT
I am pretty sure it is true we won't go bust because of the owners .
What a fantastic financial input by the coates family
And what an absolutely stupendous waste of that money , by those running the club
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Post by LGH87 on Jun 1, 2021 8:56:09 GMT
So is it any clearer what we would have had to do last season and what we will need to do this season coming in order to avoid any sanctions?
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Post by bayernoatcake on Jun 1, 2021 9:06:29 GMT
I am pretty sure it is true we won't go bust because of the owners . What a fantastic financial input by the coates family And what an absolutely stupendous waste of that money , by those running the club The Coates family.....
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Post by thebet365 on Jun 1, 2021 9:35:07 GMT
So is it any clearer what we would have had to do last season and what we will need to do this season coming in order to avoid any sanctions? Using Swiss Rambles figures and estimates I get this : Currently we're sitting on 74 Million losses (After Covid impact and other exemptions) against an allowed 61 Million however the 19/20 & 20/21 figures are going to be averaged because of covid so it's currently 43 Million for 19/20 which puts us 13 Million over, if we lose say 17 Million after covid and exemptions in 20/21 then that will give 60 Million losses for 2 seasons, halved to 30 million losses per season putting us back under 61 Million. However that would only clear us of the 2017-2020 Assesment period The next problem then would be the 2018-2021 assesment period needing to be no more than 39 Million losses with us standing on 68 Million losses (8 + 43 + 17), to clear that we need to have made a 12 million profit in the 20/21 accounts rather than a 17 Million loss. Seems to me we'll clear the 1st assesment period without much problem, but the 2nd looks impossible ?
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Post by LGH87 on Jun 1, 2021 9:58:19 GMT
So is it any clearer what we would have had to do last season and what we will need to do this season coming in order to avoid any sanctions? Using Swiss Rambles figures and estimates I get this : Currently we're sitting on 74 Million losses (After Covid impact and other exemptions) against an allowed 61 Million however the 19/20 & 20/21 figures are going to be averaged because of covid so it's currently 43 Million for 19/20 which puts us 13 Million over, if we lose say 17 Million after covid and exemptions in 20/21 then that will give 60 Million losses for 2 seasons, halved to 30 million losses per season putting us back under 61 Million. However that would only clear us of the 2017-2020 Assesment period The next problem then would be the 2018-2021 assesment period needing to be no more than 39 Million losses with us standing on 68 Million losses (8 + 43 + 17), to clear that we need to have made a 12 million profit in the 20/21 accounts rather than a 17 Million loss. Seems to me we'll clear the 1st assesment period without much problem, but the 2nd looks impossible ? Thanks mate that's exactly the kind of breakdown I was after and you're right it does look nigh on impossible. Maybe why they're going all in on TS getting this role with the EFL!
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Post by chiswickpotter on Jun 1, 2021 10:09:20 GMT
So is it any clearer what we would have had to do last season and what we will need to do this season coming in order to avoid any sanctions? Using Swiss Rambles figures and estimates I get this : Currently we're sitting on 74 Million losses (After Covid impact and other exemptions) against an allowed 61 Million however the 19/20 & 20/21 figures are going to be averaged because of covid so it's currently 43 Million for 19/20 which puts us 13 Million over, if we lose say 17 Million after covid and exemptions in 20/21 then that will give 60 Million losses for 2 seasons, halved to 30 million losses per season putting us back under 61 Million. However that would only clear us of the 2017-2020 Assesment period The next problem then would be the 2018-2021 assesment period needing to be no more than 39 Million losses with us standing on 68 Million losses (8 + 43 + 17), to clear that we need to have made a 12 million profit in the 20/21 accounts rather than a 17 Million loss. Seems to me we'll clear the 1st assessment period without much problem, but the 2nd looks impossible ? Agreed, for 2020/21, assuming some Covid adjustments for parachutes etc, provided we received a reasonable amount in wages for the 10 or more players on loan, we should be okay. Presumably 2019/20 and 2020/21 will be considered together for ever, we wont ever ignore the impact of Covid. Assuming we get through 20/21 with a £17m loss, we would need to sell a player for around £10 million and ship out a good chunk of the deadwood (which we seem to be doing) to be okay. That should be possible, it looks like Wimmer, Badou, Bruno, Lindsay and maybe even Ince are on their way already. I suspect one of Clucas/Allen has to go as a minimum and then if we can move Gregory, Woods, Afobe, Etebo, Bauer we will be in a better place for 2022/23
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Post by onepara on Jun 1, 2021 10:12:55 GMT
Having the Coates family backing us is a double-edged sword. 1, They can cover the costs, but 2, they can also cover the losses. That means to me that they aren't bothered too much about the losses because it means nothing to them, given their wealth. So their minds aren't concentrated on the losses. That shows up inefficiency to us, but nothing to be bothered about by them. As Jon said when asked about it, "It's a soft debt". So they'll just let it happen, knowing that given the chance they can wipe it out as small change.
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Post by dirtclod on Jun 1, 2021 22:13:23 GMT
Yet another incentive for us to to extremely well in the 2021 Summer Fire Sale! Maybe we can start putting them in pop up ads on the internet - every time another club's owner browses...up pops Badou, Bruno, Bauer, Ince & Etebo! Volume Discount!
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