two thirds of pigs big earners will go this summer there already looking at a lower market so how they can be so confident about next season with this guy in charge i dont know oh wait yes i do there pigs its wot they do utb ftp ftp ftp ftp ftp !!
The FFP rules need lookin at. There’s no way Wolves have stayed within the rules with the outlay they’ve had to buy promotion.
Same with the pigs, a half empty rust bucket can’t be financing all their big earning “superstars”
Wolves have done the big spending all in this year JE. Last year they made profit. FFP is across 3 years. So if you go for it big time, like them, and get it done quickly, you can get away with it. (Whether they are across the line regarding third party ownership is another question...)
The problem comes when you spend big, then don't make it, as our neighbours are about to find out. In the three year window of FFP they lost £7m, £20m, and whatever their projected losses are for this year (I'm presuming they can't be far off £20m again, even allowing for D Taxis sponsorship.). That would take them well over the FFP limit, embargo's, fines, that sort of thing. The amusing fact is that Chansiri is effectively having to write a cheque for £55,000 every day (yes, really) to cover losses at those levels.
Because of the three year rule and a profit last year, Wolves should be okay. As transfer fees are written off over the contract length, only a proportion of the overall spend is written off in each year. For example if they spent £40m on transfers and the players all had 4 year contracts, that's only a cost of £10m per year for four years.
Surely it must apply both ways then H meaning the pigs 5 yr season ticket deal monies incoming must be spread over 5yrs,oh wait a minute it's the FA and EFL so logic goes out the window. I don't know what's so difficult about making some rules and sticking to them and penalising clubs that don't adhere them,every other organisation seems to manage this task with a minimum of fuss dunno what makes football so different apart from the idiots that run it,although cricket are giving them a run for their money (10 ball overs ! )
I did wonder with the 100 ball cricket revolution why they couldn't just bowl 20 x 5 ball overs, or why it was such a problem to do a countdown from 120 balls (in 20/20). Sounds like a small group of people who don't know what they are doing or why, but desperate to make a committee decision about it to justify their fat salaries.
For tax purposes, you only declare one years revenue at a time (over five years), although you have the cash available to spend the moment it hits the bank account. Its a bit of a dangerous thing to do, if you think your revenue or cashflow will weaken in the foreseable future. You can end up having to deliver costly products and services long after you've spent the money for them. If its a tactic to shore up on losses, then you are very thin ice...
Last edited by FatherKnowsBest; 20-04-2018 at 11:04 AM.