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SHEFFIELD WEDNESDAY - ACCOUNTS AND FFP THREAD


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1 minute ago, owls maniac said:

10 years struggling under a debt of £25 million and we’ve effectively racked that up again in 2 seasons lol 

£30,520,000 in two seasons. Another £20,000,000 plus for this season?

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Just now, @owlstalk said:

 

Yeah but that's all made up innit 

 

 

maybe, really dont know but its all a bit fishy imo, especially whilst we are struggling

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Chansiri put in additional £20m to basically cover the loss

 

Playing squad valued at c £16m, not sure how realistic that is 

 

£7.5m in signing on fees / loyalty bonuses due at some stage in the future - assume those players will be the ones we look to offfload 

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What this does illustrate is that the ticket revenue really is a drop in the ocean. Don’t see how we can justify high prices when we’re clocking up £20 million losses funding Steven Fletchers wages. 

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2 minutes ago, Geoffrey said:

A lot of "injured" players might prevent this.

 

So Geoffrey, you are saying that Wednesday are not playing certain players to avoid paying bonuses.

Care to name them?

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A bit of a wake up call for those fans thinking we can reduce ticket prices and still operate within FFP.

 

Before anyone counters with "look at X Club and Y Club", I'd say different clubs and different circumstances. Certain other clubs might generate far more revenue in none match day activities. I'd also hazard a guess that given the age and size of the stadium, the cost of the upkeep of Hillsborough is probably more than at clubs such as Derby County.

 

We also don't have the luxury of  multi-million pound parachute payments.

 

The sooner fans wake up to the reality that in order to progress we need to play our part too the better.

 

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Just now, modboy said:

feel for Chansiri, hes backed us as expected but has been badly let down by advisors, agents, coaches, and the players themselves

Man has to take some blame himself sadly. His blind faith in Carlos has cost him dear. 

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1 minute ago, @owlstalk said:

 

 

£16 Million pound squad

Rhodes 10 million
Forestieri 6 million

Everyone else - FREE TRANSFER

Hindsight is wonderful but that Rhodes transfer looking even more absurd in the light of these accounts. 

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1 minute ago, TrickyTrev said:

A bit of a wake up call for those fans thinking we can reduce ticket prices and still operate within FFP.


How do other clubs seem to manage ok with it?

With less fans too

Less matchday income, ticket income, shirt sales etc?


 


Owlstalk Shop

 

 

 

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Worth noting the comment in the independent auditors report about the owners intention to indemnify the club's trading for the next 12 months (pay the bills). The next paragraph though states that the Director's (Chansiri and Meire) do not see this as a binding agreement.......

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Just now, @owlstalk said:



That's an interesting one

Wonder how that's broken down

I think it’s basically the value of the contracts written down over the length of the term

 

Not sure it accurately reflects what we could sell the players for, just the way they are accounted for in the balance sheet

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6 minutes ago, owls maniac said:

10 years struggling under a debt of £25 million and we’ve effectively racked that up again in 2 seasons lol 

 

Except rather than owing it to the bank and being owned by a group of people without about £10 to spare, we owe it to the man who owns us and he's got money. 

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1 minute ago, TrickyTrev said:

A bit of a wake up call for those fans thinking we can reduce ticket prices and still operate within FFP.

 

Before anyone counters with "look at X Club and Y Club", I'd say different clubs and different circumstances. Certain other clubs might generate far more revenue in none match day activities. I'd also hazard a guess that given the age and size of the stadium, the cost of the upkeep of Hillsborough is probably more than at clubs such as Derby County.

 

We also don't have the luxury of  multi-million pound parachute payments.

 

The sooner fans wake up to the reality that in order to progress we need to play our part too the better.

 

 

OR stop signing has-beens on stupid contracts would be a start.

 

Watching Clare last week was a breath of fresh air and reminded me of what i used to love about SWFC.

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