by SWLR » 03 Feb 2019 15:38
by Mid Sussex Royal » 03 Feb 2019 16:15
by Nameless » 03 Feb 2019 16:19
by Elm Park Kid » 03 Feb 2019 16:20
Mid Sussex Royal I can understand why we would be close....biggest squad in history, several players on renegotiated contracts and gates well down....in addition it looks like advertising revenue is well down.
by Nameless » 03 Feb 2019 16:34
Elm Park KidMid Sussex Royal I can understand why we would be close....biggest squad in history, several players on renegotiated contracts and gates well down....in addition it looks like advertising revenue is well down.
But to be close we'd have had to lose £39m combined in this season and the previous two. We made a profit of 5m in 2016/17 - so that means an average lose of over £20m in both last and this season. That doesn't seem likely to me - and selling Bacuna doesn't seem like it would make a massive amount of difference. The punishment for being £3m over the target must be pretty low.
I guess that actually they are talking about their own target of not losing more than £13m season, which is certainly possible and would make more sense for Bacuna's sale.
by From Despair To Where? » 03 Feb 2019 19:48
by Hound » 04 Feb 2019 10:13
by WoodleyRoyal » 04 Feb 2019 10:30
From Despair To Where? FFP or not, we'd have been mental to turn down a £3.5m deal for Bacuna
by Maneki Neko » 04 Feb 2019 12:00
Hound I suspect FFP is just being used as a convenient phrase, when in reality its more about preparing for a possible relegation. Which is fair enough and sensible
by Moonfish » 06 Feb 2019 10:03
Maneki NekoHound I suspect FFP is just being used as a convenient phrase, when in reality its more about preparing for a possible relegation. Which is fair enough and sensible
this
by Nameless » 06 Feb 2019 10:33
by winchester_royal » 06 Feb 2019 13:14
Elm Park KidMid Sussex Royal I can understand why we would be close....biggest squad in history, several players on renegotiated contracts and gates well down....in addition it looks like advertising revenue is well down.
But to be close we'd have had to lose £39m combined in this season and the previous two. We made a profit of 5m in 2016/17 - so that means an average lose of over £20m in both last and this season. That doesn't seem likely to me - and selling Bacuna doesn't seem like it would make a massive amount of difference. The punishment for being £3m over the target must be pretty low.
by Nameless » 06 Feb 2019 16:11
winchester_royalElm Park KidMid Sussex Royal I can understand why we would be close....biggest squad in history, several players on renegotiated contracts and gates well down....in addition it looks like advertising revenue is well down.
But to be close we'd have had to lose £39m combined in this season and the previous two. We made a profit of 5m in 2016/17 - so that means an average lose of over £20m in both last and this season. That doesn't seem likely to me - and selling Bacuna doesn't seem like it would make a massive amount of difference. The punishment for being £3m over the target must be pretty low.
I can't remember exactly, but I think I recall that profit being driven by sale of land around the stadium to a separate company owned by the Thais?
The FFP rules are pretty strict as to what can be included in the P/L for FFP purposes and I'll be very surprised if that wasn't adjusted out.
by Elm Park Kid » 05 Mar 2019 13:11
by Hendo » 05 Mar 2019 16:10
Elm Park Kid This tweet and others from the 'Price of Football' twitter give an interesting insight into championship finances:
https://twitter.com/KieranMaguire/statu ... 9932824576
According to the figures - Reading lost £8m in the period (I think 17-18) - but that was one of the lowest losses in the league.
We also have one of the lowest 'transfer spending + wages ~ total income' ratios in the league.
If these figures are correct it would suggest that our owners are much less willing that others to spend money - and that Financial Fair Play can't explain that as otherwise there would be 18-19 clubs in the same situation.
by From Despair To Where? » 05 Mar 2019 19:52
by Ranty McRantface » 05 Mar 2019 20:19
From Despair To Where? According to that, at 86%, we are one of only 7 clubs who's wage bill was less than 100% of total income.
No surprise that Birmingham topped the list at 243%.
To be honest, I'd rather see us being run as sustainably as possible than sticking the family silver on a 20-1 shot.
by Elm Park Kid » 05 Mar 2019 20:59
From Despair To Where? According to that, at 86%, we are one of only 7 clubs who's wage bill was less than 100% of total income.
No surprise that Birmingham topped the list at 243%.
To be honest, I'd rather see us being run as sustainably as possible than sticking the family silver on a 20-1 shot.
by Vision » 06 Mar 2019 08:14
by windermereROYAL » 06 Mar 2019 10:08
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