|
FFP
Dec 5, 2019 18:36:56 GMT
Post by benjaminbiscuit on Dec 5, 2019 18:36:56 GMT
Apologies rhetorical question , just wondering if a rent free period might help the P&L in terms of FFP , trust depends how much the rent is in terms of “ moving the dial “ but it’s clearly within our gift if it’s within the rules t It wouldn't under uk accounting rules any lease free period has to be spread over the whole lease so if you got 3 years at nothing and 7 years £3m a year you have to account for the total lease cost (£21m over 10 years) so you put through £2.1m a year even when paying zero. If they follow international accounting rules IFRS16 applies which I wont try and explain here in any detail but again its a similar principle only you capitalise and depreciate it as a right of use asset. Oh well we will just have to trust the Ceo on that basis , what is their to worry about given his years of unprecedented success
|
|
|
FFP
Dec 5, 2019 20:30:21 GMT
via mobile
Post by nonameface on Dec 5, 2019 20:30:21 GMT
Have I walked into an accountancy lecture?👨🎓 No, but this subject (FFP) is the one that any SCFC fan should start taking seriously. Try getting your head round a player embargo, points deduction and a multi-million fine. No time for flippancy.
Agree. It's the FFP value and not the players market value which will dictate players being sold this January. This is the reason if a player can't be sold for at least their FFP value they will be loaned out instead so as not to create a large one off loss.
|
|
|
Post by FullerMagic on Dec 12, 2019 9:39:38 GMT
|
|
|
FFP
Dec 12, 2019 12:39:41 GMT
via mobile
Post by followyoudown on Dec 12, 2019 12:39:41 GMT
No, but this subject (FFP) is the one that any SCFC fan should start taking seriously. Try getting your head round a player embargo, points deduction and a multi-million fine. No time for flippancy.
Agree. It's the FFP value and not the players market value which will dictate players being sold this January. This is the reason if a player can't be sold for at least their FFP value they will be loaned out instead so as not to create a large one off loss. Just checked our last accounts for the premier league and we impaired (wrote off) £29m worth of player registrations so presumably the likes of Wimmer, Imbula and possibly Saido not sure if the financial results for the premier league come into FFP, I would assume not but the Rowett and Jones splurges will cause problems....
|
|
|
FFP
Dec 12, 2019 13:12:23 GMT
Post by Gob Bluth on Dec 12, 2019 13:12:23 GMT
I know the prices we've paid for players will be hurting our situation but it's the wages that really concern me. Take for example a player earning a modest 25k a week that adds 1.3m onto the bottom line annually and when we have players possibly on this amount not getting into the playing squad we really are up against it. Using our last match as an example I think the following players didn't make the squad Smith, Gregory, BMI, Etebo, N'Diaye, Davies, CCV.
Add to this that we'll be paying wages for players not to be here it's hard to look past an impending transfer embargo.
|
|
|
FFP
Dec 12, 2019 14:43:04 GMT
Post by stokefc on Dec 12, 2019 14:43:04 GMT
im just gonna close my eyes and put my fingers in my ears and hope it all goes away..what a mess
|
|
|
Post by scfc75 on Dec 12, 2019 15:11:28 GMT
im just gonna close my eyes and put my fingers in my ears and hope it all goes away..what a mess Probably a club strategy too..
|
|
|
FFP
Dec 17, 2019 9:15:06 GMT
via mobile
Post by crouchpotato1 on Dec 17, 2019 9:15:06 GMT
|
|
|
FFP
Dec 17, 2019 9:20:14 GMT
via mobile
Post by crouchpotato1 on Dec 17, 2019 9:20:14 GMT
“Wages dropped from £82 million to £49 million “
|
|
|
Post by Northy on Dec 17, 2019 9:22:25 GMT
“Wages dropped from £82 million to £49 million “ Another £40m to go yet then
|
|
|
FFP
Dec 17, 2019 9:32:51 GMT
via mobile
Post by davejohnno1 on Dec 17, 2019 9:32:51 GMT
That a better picture than I expected.
All hail king Tony Scholes and his prudent financial dealings
|
|
|
FFP
Dec 17, 2019 9:34:59 GMT
Post by bayernoatcake on Dec 17, 2019 9:34:59 GMT
“Wages dropped from £82 million to £49 million “ That's really quite good isn't it? And about what I was expecting with the things that have been mentioned ie cutting everyone's wage in half since relegation.
|
|
|
FFP
Dec 17, 2019 9:36:32 GMT
Post by sneydgreenstokie1 on Dec 17, 2019 9:36:32 GMT
I am pleasantly surprised by those figures. There is some hope there, but clearly more work to do. Slimming the squad would cut a huge amount from the wage bill without effecting what we are actually putting out on to the pitch.
|
|
|
FFP
Dec 17, 2019 9:38:33 GMT
via mobile
Post by crouchpotato1 on Dec 17, 2019 9:38:33 GMT
“Wages dropped from £82 million to £49 million “ That's really quite good isn't it? And about what I was expecting with the things that have been mentioned ie cutting everyone's wage in half since relegation. Yes I suppose it is but still seems an enormous amount when you consider what we’re getting for it
|
|
|
Post by bayernoatcake on Dec 17, 2019 9:41:07 GMT
That's really quite good isn't it? And about what I was expecting with the things that have been mentioned ie cutting everyone's wage in half since relegation. Yes I suppose it is but still seems an enormous amount when you consider what we’re getting for it That was never not going to be the case though. The worry is as well that reports of Powell and Gregory being two of the highest paid players in the league too and it could get worse? Both meant to be on 30k+ a week. Bloody club.
|
|
|
FFP
Dec 17, 2019 10:01:18 GMT
Post by chiswickpotter on Dec 17, 2019 10:01:18 GMT
That a better picture than I expected. All hail king Tony Scholes and his prudent financial dealings Agreed wages seem to be under control, I suspect because a lot is in bonus payments that weren't made for obvious reasons and we have since got rid of Charlie, Fletcher,Pieters, Crouch,Williams, Berahino, Martina,Bojan. The challenge will be the amortisation of the £60+ million plus of transfers last season, that's a charge of £15 million a season for 3 more years. We will need to generate transfer income to cover this and I imagine that's why Badou, Etebo etc are in the spotlight.
|
|
|
Post by bayernoatcake on Dec 17, 2019 10:14:13 GMT
So the wage bill was as of May 2019.
I think from looking at the transfers it will probably have gone down again, just?
Adam, Pieters, Cameron, Berahino, Fletcher and Bojan out permanantly.
Surely would be on more than what came in? Cousins, Davies, Gregory, Lindsay, Powell, Ward and Smith.
I know Powell and Gregory are meant to be on astronomical wages but that calibre of player is nothing compared to the ones we let go.
|
|
|
FFP
Dec 17, 2019 10:15:28 GMT
via mobile
Post by LH_SCFC on Dec 17, 2019 10:15:28 GMT
“Wages dropped from £82 million to £49 million “ This is year end 31 May 2019 so won’t factor in Nick Powell’s sickbed salary (or indeed any of the other summer signings).
|
|
|
FFP
Dec 17, 2019 10:17:35 GMT
via mobile
Goonie likes this
Post by heworksardtho on Dec 17, 2019 10:17:35 GMT
We’ve got the best accountants in the country , top top people running our club , there’s nowt to worry about 😎
|
|
|
FFP
Dec 17, 2019 10:18:40 GMT
Goonie likes this
Post by SCFC92 on Dec 17, 2019 10:18:40 GMT
That isn't half bad considering.
Shame the frugal approach was rewarded with spunking the little money we have on utter shite.
|
|
|
FFP
Dec 17, 2019 12:06:08 GMT
via mobile
Post by crouchpotato1 on Dec 17, 2019 12:06:08 GMT
|
|
|
Post by nonameface on Dec 17, 2019 12:36:42 GMT
Wonder the reason for the 60% cap wages to turnover in just league 1 and 2. Would be good to have this in the championship too.
|
|
|
FFP
Dec 17, 2019 18:17:58 GMT
Post by brumstokie on Dec 17, 2019 18:17:58 GMT
If we get relegated this season do we avoid FFP penalties or does it make them inevitable?
|
|
|
FFP
Dec 19, 2019 15:20:58 GMT
via mobile
Post by crouchpotato1 on Dec 19, 2019 15:20:58 GMT
|
|
|
FFP
Dec 19, 2019 15:33:06 GMT
via mobile
Post by Goonie on Dec 19, 2019 15:33:06 GMT
|
|
|
FFP
Dec 19, 2019 15:49:12 GMT
Post by thebet365 on Dec 19, 2019 15:49:12 GMT
What a load of made up nonsense that article is. They've taken numerous facts and twisted them to look like something else. They had a 32.5 Million loss which would have broken FFP rules so they sold the stadium. That is with only a 20% parachute payment based on an old Prem TV income figure so Roughly 15 Million. They've just jumped to 100 Million minimum so that gives puts them massively in the black straight away. And that 90 Million transfer spend gets split over contract lengths so probably only 30 Million counts this year. They should be nowhere near a point of having to sell unless they get relegated. Can't believe people get paid to write these articles.
|
|
|
FFP
Dec 19, 2019 16:08:29 GMT
via mobile
Post by biglad180 on Dec 19, 2019 16:08:29 GMT
Just wondering why when Nathan was signing all these freebies who are not good enough for division 1 nevermind the championship the board did not take the fair play rules in to consideration they may not have cost a fee but they are draining the club in wages. The cotes family maybe loaded. But we as a club are in a riget mess.
|
|
|
Post by onefatcopper on Dec 19, 2019 16:16:16 GMT
What a load of made up nonsense that article is. They've taken numerous facts and twisted them to look like something else. They had a 32.5 Million loss which would have broken FFP rules so they sold the stadium. That is with only a 20% parachute payment based on an old Prem TV income figure so Roughly 15 Million. They've just jumped to 100 Million minimum so that gives puts them massively in the black straight away. And that 90 Million transfer spend gets split over contract lengths so probably only 30 Million counts this year. They should be nowhere near a point of having to sell unless they get relegated. Can't believe people get paid to write these articles. Villa are in the same boat as SWFC and numerous clubs on the continent, have they manipulated FFP rules by the sale of their ground and other assets at vastly inflated prices to the clubs new owners, thus placing the club in the black ? The Premier League have been investing the Villa case as soon as the last kick of the ball in their play off victory ! The big boys of the premier league and the EFL are determined to make a example of a club bypassing the rules to gain a advantage over other clubs, and Villa fit the bill !
|
|
|
FFP
Dec 19, 2019 16:27:08 GMT
Post by thebet365 on Dec 19, 2019 16:27:08 GMT
What a load of made up nonsense that article is. They've taken numerous facts and twisted them to look like something else. They had a 32.5 Million loss which would have broken FFP rules so they sold the stadium. That is with only a 20% parachute payment based on an old Prem TV income figure so Roughly 15 Million. They've just jumped to 100 Million minimum so that gives puts them massively in the black straight away. And that 90 Million transfer spend gets split over contract lengths so probably only 30 Million counts this year. They should be nowhere near a point of having to sell unless they get relegated. Can't believe people get paid to write these articles. Villa are in the same boat as SWFC and numerous clubs on the continent, have they manipulated FFP rules by the sale of their ground and other assets at vastly inflated prices to the clubs new owners, thus placing the club in the black ? The Premier League have been investing the Villa case as soon as the last kick of the ball in their play off victory ! The big boys of the premier league and the EFL are determined to make a example of a club bypassing the rules to gain a advantage over other clubs, and Villa fit the bill ! This article is nothing to do with that, and from what I've seen Villa have done nothing wrong other than maybe over valued the sale of the ground. Sheff Wed is different because they've tried to pull the same trick but too late (Posting the sale in the wrong years accounts). This article is trying to paint a picture that their 90+ Million transfer splurge on top of last years 30 Odd million loss is going to make them fall foul of premier league FFP. Ignoring the fact theirs a huge jump in TV money and the transfer spend is split over several years for accounts purposes.
|
|
|
FFP
Dec 19, 2019 17:12:06 GMT
Post by onefatcopper on Dec 19, 2019 17:12:06 GMT
Villa are in the same boat as SWFC and numerous clubs on the continent, have they manipulated FFP rules by the sale of their ground and other assets at vastly inflated prices to the clubs new owners, thus placing the club in the black ? The Premier League have been investing the Villa case as soon as the last kick of the ball in their play off victory ! The big boys of the premier league and the EFL are determined to make a example of a club bypassing the rules to gain a advantage over other clubs, and Villa fit the bill ! This article is nothing to do with that, and from what I've seen Villa have done nothing wrong other than maybe over valued the sale of the ground. Sheff Wed is different because they've tried to pull the same trick but too late (Posting the sale in the wrong years accounts). This article is trying to paint a picture that their 90+ Million transfer splurge on top of last years 30 Odd million loss is going to make them fall foul of premier league FFP. Ignoring the fact theirs a huge jump in TV money and the transfer spend is split over several years for accounts purposes. So you have no problem with the way Villa have handled their business ? This is a club that under Steve Bruce went all out for promotion on their last full parachute payment, buying players for vastly overpriced fees and on crazy long term salaries and failed ! They got caught out and were left with valueless players draining the club dry, don’t forget it was only over a season ago Villa were on the point of a fire sale with Stoke in the cue for James Chester’s and Grealish in line for a knockdown fee to Spurs. The answer, sell all fixed assets and properties to the new consortium that included the former owner at inflated prices thus putting the club theoretically in the black and avoiding a transfer embargo, points deduction and hefty fine.
|
|