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+--- Thread: Takeover (/showthread.php?tid=31655)
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RE: Takeover - ColliersWoodBaggie - 01-11-2024
The takeover has nothing to do with incoming players.
RE: Takeover - Stourbridge Baggie - 01-11-2024
I might regret asking this but ...... in terms of FFP it seems that people on here are applying anticipated future rules to those that currently exist, is this correct?
If so, what are the current rules that will apply for this season which if (I know) we get promoted this season is all we have to worry about in January. Surely if we don't get promoted we can make the necessary FFP adjustments in the summer?
Additionally, can the new owners inject capital into the business this year without fear of breaching FFP?
Genuine questions for those who have studied this in detail, I am not an accountant so obviously I am more at home in the kitchen and doing the cleaning & vacuuming rather than worry my silly little head about these matters. I don't think my Professional finance qualification and 1st Class degree in Finance count on this board.
But my questions are genuine all the same.
RE: Takeover - ColliersWoodBaggie - 01-11-2024
The new rules will kick into place in 2025/26. Presently, there are no ceilings/limits on Championship clubs, unlike in League 1, 2 & the Prem. Of course, it has been introduced in good faith, but largely to keep the Status Quo (not those ). Those with higher incomes can spend more.
It means that potential new owners need to identify and create new income streams. This can be done in a series of ways, but I do think the capacity of the ground needs to be increased in the next 5 years.
RE: Takeover - fuzzbox - 01-11-2024
That '27million' assuming it is correct (it seems likely, though), also includes expenditure on the academy and other non qualifying outgoings. Similarly, some of the interest payments would be attributed to non-fpp qualifying operations. (What is the expense of other clubs academies? Was villa's 'really' 10m?).
Still awful, but it's worth pointing out....maybe.
RE: Takeover - Kit Kat Chunky - 01-11-2024
(01-11-2024, 12:26 PM)fuzzbox Wrote: That '27million' assuming it is correct (it seems likely, though), also includes expenditure on the academy and other non qualifying outgoings. Similarly, some of the interest payments are also connected to non-fpp qualifying operations. (What is the expense of other clubs academies? Was villa's 'really' 10m?).
Still awful, but it's worth pointing out.
That was shocking, but they got away with it.
Bottom line is wages have to decrease, they are massively above turnover, and we are using loans to support the gap between income and costs, whilst incurring losses. Anything "homegrown" is prime for sale. That's why O'shea went, they wanted to sell Palmer (until CC said no), Griffiths was touted around, a deal has been agreed for Gardiner Hickman. They all generate FFP and real profit/cashflow.
We now have a new homegrown player that is attracting significant attention. You don't have to be Einstein to work it out. Even Fenton Heard could go, in a Morgan Rogers kind of way.
RE: Takeover - SausEggBaton - 01-11-2024
(01-11-2024, 10:27 AM)CarlosCorbewrong Wrote:(01-11-2024, 10:16 AM)SausEggBaton Wrote: Quick question as I can't be arsed to trawl through pages and pages of financial waffle that I won't understand due to my lack of having financial qualifications, who were the total three that made the original approach - oh balls, "allegedly"?
French bloke
Nigerian bloke
American bloke (ones given current exclusivity)
Barry Bannan
He is none of those, so eliminates himself. He's also not the answer to everything mate!
RE: Takeover - Stourbridge Baggie - 01-11-2024
(01-11-2024, 12:14 PM)ColliersWoodBaggie Wrote: The new rules will kick into place in 2025/26. Presently, there are no ceilings/limits on Championship clubs, unlike in League 1, 2 & the Prem. Of course, it has been introduced in good faith, but largely to keep the Status Quo (not those ). Those with higher incomes can spend more.
It means that potential new owners need to identify and create new income streams. This can be done in a series of ways, but I do think the capacity of the ground needs to be increased in the next 5 years.
Cheers CW. But is there any rule stopping a Capital injection now to rebalance our accounts.KKC clearly we can’t continue to run up massive losses but if my interpretation of CW’s comments is correct the Cashflow shortfall can be made up by an injection of capital. Obviously there are many reason why new owners can’t/ won’t underwrite losses. If my guess proves correct the owner will not do this - he has a record of parsimony.
RE: Takeover - Kit Kat Chunky - 01-11-2024
(01-11-2024, 01:03 PM)Stourbridge Baggie Wrote:(01-11-2024, 12:14 PM)ColliersWoodBaggie Wrote: The new rules will kick into place in 2025/26. Presently, there are no ceilings/limits on Championship clubs, unlike in League 1, 2 & the Prem. Of course, it has been introduced in good faith, but largely to keep the Status Quo (not those ). Those with higher incomes can spend more.
It means that potential new owners need to identify and create new income streams. This can be done in a series of ways, but I do think the capacity of the ground needs to be increased in the next 5 years.
Cheers CW. But is there any rule stopping a Capital injection now to rebalance our accounts.KKC clearly we can’t continue to run up massive losses but if my interpretation of CW’s comments is correct the Cashflow shortfall can be made up by an injection of capital. Obviously there are many reason why new owners can’t/ won’t underwrite losses. If my guess proves correct the owner will not do this - he has a record of parsimony.
I don't think they can, Stour. Losses have to stay within the limits, only £5M p.a. injection. They can reduce losses by paying off al of the loans though, just reducing interest cost. I'm sure there are a few "bells and whistles" as well.
RE: Takeover - Borin' Baggie - 01-11-2024
(01-11-2024, 01:03 PM)Stourbridge Baggie Wrote:(01-11-2024, 12:14 PM)ColliersWoodBaggie Wrote: The new rules will kick into place in 2025/26. Presently, there are no ceilings/limits on Championship clubs, unlike in League 1, 2 & the Prem. Of course, it has been introduced in good faith, but largely to keep the Status Quo (not those ). Those with higher incomes can spend more.
It means that potential new owners need to identify and create new income streams. This can be done in a series of ways, but I do think the capacity of the ground needs to be increased in the next 5 years.
Cheers CW. But is there any rule stopping a Capital injection now to rebalance our accounts.KKC clearly we can’t continue to run up massive losses but if my interpretation of CW’s comments is correct the Cashflow shortfall can be made up by an injection of capital. Obviously there are many reason why new owners can’t/ won’t underwrite losses. If my guess proves correct the owner will not do this - he has a record of parsimony.
There's a limit to owner subsidy in the P&S rules, you're allowed £39m worth of losses over three years of which £24m can be covered by owners injecting equity.
RE: Takeover - Boinger - 01-11-2024
(01-11-2024, 12:14 PM)ColliersWoodBaggie Wrote: The new rules will kick into place in 2025/26. Presently, there are no ceilings/limits on Championship clubs, unlike in League 1, 2 & the Prem. Of course, it has been introduced in good faith, but largely to keep the Status Quo (not those ). Those with higher incomes can spend more.
It means that potential new owners need to identify and create new income streams. This can be done in a series of ways, but I do think the capacity of the ground needs to be increased in the next 5 years.
You’ve done it now, we’re going down, down, deeper and down