oh_weds_we_love_you Posted July 11, 2019 Share Posted July 11, 2019 8 minutes ago, Guesswhosback said: Who owns stadium then? The same person who did before! 2 Link to comment Share on other sites More sharing options...
wellbeaten-the-owl Posted July 11, 2019 Share Posted July 11, 2019 Will help but don't believe for a minute we can spend without significant sales. Remember FFP over 3 year period, yes made £2m profit in 2018 accounts, but lost £20m in 2017 and likely lost £at least £20m in year to 31/7/2019 so will still be a £38m loss over 3 years Link to comment Share on other sites More sharing options...
Hawkinsfootballboots Posted July 11, 2019 Share Posted July 11, 2019 Just now, Minton said: That is last season's accounts, we have lost a huge chunk of that with the departures of Hooper, Abdi, Boyd, Matias, Jones and Pudil. True but my god that’s eye watering!! Link to comment Share on other sites More sharing options...
hasthagotanycheese Posted July 11, 2019 Share Posted July 11, 2019 All joking aside it seems that DC has used some creative accounting to help swerve FFP, while it may seem a clever move this is akin to remortgaging your house with no backup available if it all goes belly up. If SB does go to Newcastle then DC must get the next managerial appointment absolutely right because if we dont get the promised land then we are up the creek without a paddle. Critical times. 1 Link to comment Share on other sites More sharing options...
Guest mkowl Posted July 11, 2019 Share Posted July 11, 2019 But yep barring the stadium sale we would have almost breached the £39m limit over 3 seasons in one season the cumulative should now be below that figure - again cannot directly do this as there are FFP adjustments Link to comment Share on other sites More sharing options...
StudentOwl Posted July 11, 2019 Share Posted July 11, 2019 1 minute ago, mkowl said: You are right It does include £10m on the amortisation of player contracts So the day to day operational loss was £25m MK, please no, don't do this to me. You're saying that our operating losses over the last 3 years have gone (roughly and from probably bad memory), ~£12m, ~£18m, ~£25m? Link to comment Share on other sites More sharing options...
Guest mkowl Posted July 11, 2019 Share Posted July 11, 2019 Does not stipulate who owns the stadium as a result of this May need the land registry docs for that Link to comment Share on other sites More sharing options...
RichieB Posted July 11, 2019 Share Posted July 11, 2019 How on earth did we go from losing £20m in 17 to losing £35m in 18? Link to comment Share on other sites More sharing options...
WalthamOwl Posted July 11, 2019 Share Posted July 11, 2019 The massively worrying thing is the loss without the stadium sale. Also am I correct in thinking this really is the last chance saloon. We have sold our biggest asset and if we get in this mess again we are well and truly fooked. Link to comment Share on other sites More sharing options...
Guest mkowl Posted July 11, 2019 Share Posted July 11, 2019 1 minute ago, StudentOwl said: MK, please no, don't do this to me. You're saying that our operating losses over the last 3 years have gone (roughly and from probably bad memory), ~£12m, ~£18m, ~£25m? Would have to look Link to comment Share on other sites More sharing options...
Hitcat Posted July 11, 2019 Share Posted July 11, 2019 2 minutes ago, hasthagotanycheese said: All joking aside it seems that DC has used some creative accounting to help swerve FFP, while it may seem a clever move this is akin to remortgaging your house with no backup available if it all goes belly up. If SB does go to Newcastle then DC must get the next managerial appointment absolutely right because if we dont get the promised land then we are up the creek without a paddle. Critical times. Except we're not. Link to comment Share on other sites More sharing options...
Guest mkowl Posted July 11, 2019 Share Posted July 11, 2019 1 minute ago, RichieB said: How on earth did we go from losing £20m in 17 to losing £35m in 18? Spending more but £10m is player contracts being written off Link to comment Share on other sites More sharing options...
Hitcat Posted July 11, 2019 Share Posted July 11, 2019 Big Chanz should go on MasterChef. 2 Link to comment Share on other sites More sharing options...
pazowl55 Posted July 11, 2019 Share Posted July 11, 2019 2 minutes ago, RichieB said: How on earth did we go from losing £20m in 17 to losing £35m in 18? David Jones had a non appearance bonus in his contract. 2 Link to comment Share on other sites More sharing options...
Quadzilla Posted July 11, 2019 Share Posted July 11, 2019 Why would we write off contracts? Link to comment Share on other sites More sharing options...
striker Posted July 11, 2019 Share Posted July 11, 2019 4 minutes ago, wellbeaten-the-owl said: Will help but don't believe for a minute we can spend without significant sales. Remember FFP over 3 year period, yes made £2m profit in 2018 accounts, but lost £20m in 2017 and likely lost £at least £20m in year to 31/7/2019 so will still be a £38m loss over 3 years It's a 3 year rolling period though, as the 2017 loss drops off, replaced by a profit for 2018. We've also slashed the wage bill this summer, should give us some wriggle room and back on a reasonably even keel next season. Link to comment Share on other sites More sharing options...
wellbeaten-the-owl Posted July 11, 2019 Share Posted July 11, 2019 6 minutes ago, Hawkinsfootballboots said: True but my god that’s eye watering!! Those players only just left and the accounts are to July 2018, their wages etc will still be in July 2019 accounts ... Worrying for next year! Link to comment Share on other sites More sharing options...
pazowl55 Posted July 11, 2019 Share Posted July 11, 2019 This is fantastic news that's gets us out of a hole and puts us in a good mood. But was it released today on purpose to soften the blow of what's about to happen. Unfortunately I think it might have been. Link to comment Share on other sites More sharing options...
Guest mkowl Posted July 11, 2019 Share Posted July 11, 2019 1 minute ago, Quadzilla said: Why would we write off contracts? Its an accounting shizzle requirement Link to comment Share on other sites More sharing options...
RichieB Posted July 11, 2019 Share Posted July 11, 2019 3 minutes ago, mkowl said: Spending more but £10m is player contracts being written off Not going to lie, I don't really get that Link to comment Share on other sites More sharing options...
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