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Thread: Last year's accounts are in...

  1. #1

    Last year's accounts are in...

    Big do's & little do's relegation will be an unmitigated disaster.

    In the event of relegation I reckon we will need to bring in about 30 million in player sales, cut the wage bill and somehow sustain the debt repayments.

    The good news is we are in no danger of falling foul of FFP breaches.

    No need to panic whichever way we go.

    Alan Pace...

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  2. #2
    The exact same story will repeat for the 2024/25 campaign in the likely event of relegation this season...

    "The Group sold a number of player registrations and replaced them with newly acquired talent, raising funds
    and significantly reducing total salaries. The Group reduced its borrowings to a sustainable level more
    sustainable for the Championship and subsequently refinanced its debt at a much lower interest rate.
    Borrowings will reduce over time, reducing financial pressure on the club."

  3. #3

  4. #4
    Join Date
    Jul 2004
    Posts
    21,925
    Now we can see just how much relegation cost us, turnover down from 123.4 million to 64.9 million. So just under 60 million then, expensive business getting relegated, you'd think they'd have made a serious effort to stay up this year wouldn't you.

    I did hear a while ago that we'd got the wage bill down to something under 30 million in the Championship, that turns out to be a load of bollox, the Championship wages were 46.8 million, down from 82 million in the PL relegation season.

    And the bottom line is that despite the reduced wage bill, despite the fire sale of players and despite the parachute payments, we posted a loss of 27.9 million last season.

    https://www.youtube.com/watch?v=TjJH...el=nilinmavisi

  5. #5
    It's over. The referees have done for us along with VK's stubbornness. Let's just go out with our pride intact and hope we don't need another fire sale to balance the books. UTC#

  6. #6
    Quote Originally Posted by sinkov View Post
    Now we can see just how much relegation cost us, turnover down from 123.4 million to 64.9 million. So just under 60 million then, expensive business getting relegated, you'd think they'd have made a serious effort to stay up this year wouldn't you.

    I did hear a while ago that we'd got the wage bill down to something under 30 million in the Championship, that turns out to be a load of bollox, the Championship wages were 46.8 million, down from 82 million in the PL relegation season.

    And the bottom line is that despite the reduced wage bill, despite the fire sale of players and despite the parachute payments, we posted a loss of 27.9 million last season.

    https://www.youtube.com/watch?v=TjJH...el=nilinmavisi
    So come June we will be in the football knackers yard?

  7. #7
    It's over CiB. The referees have done for us along with VK's stubbornness. Let's just go out with our pride intact and hope we don't need another fire sale to balance the books. UTC# We will.

  8. #8
    If we had Muric and Cullen in the team from day 1 I think we would have had maybe 6 more points.Then terrible VAR and reffing decisions maybe another 6 points.Looks like you are right BT but all we can do now is speculate.The VAR decisions have been criminal-Luton,Forest and last weekend spring to mind immediately.Last nights never should have been free kick another.Its a disgrace.

  9. #9
    Join Date
    Jul 2004
    Posts
    21,925
    Quote Originally Posted by ClaretinBudapest View Post
    So come June we will be in the football knackers yard?
    The PL TV money must have helped us enormously this season, but we must be looking at another 60 million or so reduction in revenue on relegation. I would think it gets really problematic if we don't get back up next season.

  10. #10
    Quote Originally Posted by sinkov View Post
    The PL TV money must have helped us enormously this season, but we must be looking at another 60 million or so reduction in revenue on relegation. I would think it gets really problematic if we don't get back up next season.
    I have found it hard to understand why Pace & Kompany have not done everything possible to stay up.

    The penny seems to have finally dropped but it's all too little, too late now I'm afraid mon ami.

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