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SHEFFIELD WEDNESDAY - ACCOUNTS AND FFP THREAD


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11 minutes ago, Geoffrey said:

Loss of £30,520,000 in first 2 seasons. Have we cut the wage bill drastically this season or increased it further?

 

Nobody of note has left. Rhodes, Boyd, Van Aken, Pelupessy have come in. The first two are on huge wages, and there's Rhodes and Van Aken's transfer fees to pay as well.

 

Without selling 1 or 2 big earners for big bucks there's no way we'll keep within the £39m over 3 years limit.

 

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1 minute ago, @owlstalk said:


How do other clubs seem to manage ok with it?

With less fans too

Less matchday income, ticket income, shirt sales etc?

 

It can be done with less money but lets face it you’ve more chance by throwing money at it

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11 minutes ago, e6owl said:

One interesting bit at the bottom of page 28 - massive increase in potential bonuses and singing on fees (from 2.3m to 7.4m) indicates that the club signed a lot of contracts with either promotion clauses or loyalty clauses. Promotion we don't have to worry about, but if any of those loyalty clauses triggered over the course of this season then the accounts could get worse

 

Not jumping to conclusions, but what if a number of our players out injured were because of loyalty clauses..? 

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2 minutes ago, alanharper said:

 

Nobody of note has left. Rhodes, Boyd, Van Aken, Pelupessy have come in. The first two are on huge wages, and there's Rhodes and Van Aken's transfer fees to pay as well.

 

Without selling 1 or 2 big earners for big bucks there's no way we'll keep within the £39m over 3 years limit.

 

 

They are spread over the lifetime of the contract.

 

Also not all losses count for FFP.

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Just now, Geoffrey said:

They're looking shocking, plonker. I have been trying to warn people since the summer but the old hooligan-wannabees were too busy negging me.

 

Come on name the players that we aren’t using so we can save money on bonuses

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19 minutes ago, Hitcat said:

I'm anticipating this thread being overrun by the panicking wet blouse brigade. Minimum 50 pages of hyperbole, hot wind and guff.

 

At least 2 of "them" have already started early before the accounts appeared, not the normal panicking wet blouse brigade run of the mill posters, more the ones with nothing good to say about anything and a MASSIVE  bag of chips on their shoulders type, they know who they are....:biggrin:

 

By all means debate the club, engage the club, moan about the club, they have made loads of mistakes and should be questioned about it etc....

Edited by steveger
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3 minutes ago, alanharper said:

 

Nobody of note has left. Rhodes, Boyd, Van Aken, Pelupessy have come in. The first two are on huge wages, and there's Rhodes and Van Aken's transfer fees to pay as well.

 

Without selling 1 or 2 big earners for big bucks there's no way we'll keep within the £39m over 3 years limit.

 

Bang on. The forecasted results for this season have to go in today. The transfer embargo shouldn't be far away.

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9 minutes ago, owls maniac said:

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. 

 

Why is everyone singling out Fletch. Over the course of 4 years he is costing us about 6 million. Plenty of other players when you factor in their transfer fees are more of a drain on our finances than he is.

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On reflection these figures take us to May 2017 when we had a season ending in a play off push

 

This years accounts to May 2018 are going to make very depressing reading (revenue down, costs to pay up Carlos’s contract etc) :duntmatter:

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