03-11-2020, 04:07 PM
(03-11-2020, 03:44 PM)MassDebater Wrote:(03-11-2020, 03:37 PM)Kit Kat Chunky Wrote: Excellent analysis, far better than i could have even dreamed of doing.
A couple of things stand out. The wage bill at £83M was unsustainable. Without promotion they were royally fucked over.
They were FFP compliant, but this was propped up by the stadium sale, and the costs of running the academy, which was £39M over 3 years (yeah, right).
NSWE have invested very heavily, and Villa have no debt now. The only thing holding them back is FFP rules.
If they are relegated, they will in all likelihood have to sell, or risk promotion in the first season to escape EFL sanction.
I suppose this is why the rich pay clever accountants to find loopholes.
I thought the FFP rule was £39m loses in 3 years? Yet Villa are showing losses of far more than that in their last 3...£69m + £36m +£15m = £120m, so even selling their ground back for £36m brings it to £84m...and even adding in the jaxy HS2 payment of £14m still should equal £70m over 3 years, so I really don't get how they're OK on FFP?!
With all the "add backs" the FFP loss was £34M, so they complied, mainly because you can add back academy losses.
The reason why they are afloat is because NSWE have injected shit loads of money into it.