Bluey9 Posted July 31, 2019 Share Posted July 31, 2019 6 hours ago, standerino said: ‘Although the club have booked a profit within the year, without the sale of Hillsborough it would have lost around £35.5m with VAT and if you add that to the losses from the two previous years, that would have taken the losses to £66m compared to an FFP allowance of £39m.’ - Kieran Maguire (that football finances guy) based on the above, we are going to breach FFP by the end of this season, and it won’t even be close... someone please correct me if I’m wrong! (I hope I am!) Agree Standarino Theres plenty of accountants come on here , et's hope one can break it down in Laymans terms so as we can understand what's going on Link to comment Share on other sites More sharing options...
Bluey9 Posted July 31, 2019 Share Posted July 31, 2019 1 hour ago, ramone said: Pep Guardiola had his 'audition' with Barcelona. Zinedine Zidane had his 'audition' with Real Madrid What truly idiotic statement you've just made 2 world class internationals with loads of contacts in the game is a little bit different to Bullen taking the reigns 1 2 Link to comment Share on other sites More sharing options...
Spookone Posted July 31, 2019 Share Posted July 31, 2019 8 hours ago, standerino said: ‘Although the club have booked a profit within the year, without the sale of Hillsborough it would have lost around £35.5m with VAT and if you add that to the losses from the two previous years, that would have taken the losses to £66m compared to an FFP allowance of £39m.’ - Kieran Maguire (that football finances guy) based on the above, we are going to breach FFP by the end of this season, and it won’t even be close... someone please correct me if I’m wrong! (I hope I am!) I keep bringing this up (without the exact figures) when fans are saying let’s give “whoever” a chance, see how he goes. They are either not aware that we don’t have the luxury of giving someone time, or choose to ignore the fact. Even an experienced manager doesn’t guarantee we will finish in the playoffs but 9 times out of 10 it gives you a better chance. 1 Link to comment Share on other sites More sharing options...
standerino Posted July 31, 2019 Share Posted July 31, 2019 20 minutes ago, Spookone said: I keep bringing this up (without the exact figures) when fans are saying let’s give “whoever” a chance, see how he goes. They are either not aware that we don’t have the luxury of giving someone time, or choose to ignore the fact. Even an experienced manager doesn’t guarantee we will finish in the playoffs but 9 times out of 10 it gives you a better chance. Exactly. I was optimistic going into the season wth Bruce, but now I’m fearful of what will happen to us as a club by not going up... Still bought a season ticket mind! Link to comment Share on other sites More sharing options...
DJMortimer Posted July 31, 2019 Share Posted July 31, 2019 8 hours ago, OxonOwl said: As we ended up in profit for the last year I think we have to lose less than the figure for the year before to stay under the £39m. Maybe the £39m will be reviewed given the way fees and wages are increasing year on year? It's a simple matter of maximum losses of £39m for a rolling three year period. So last year we were £2.5m in profit due only to the ethically dubious stadium sale and the year before recorded losses of £20.7m. Therefore, to remain within the P & S limits this season we must lose no more than about £10.8m. But as our 'normal' performance outside of the 'creative accounting' that we cannot repeat next summer saw a deficit of over £30m, I'd say we have got an enormous iceberg looming on the horizon. Link to comment Share on other sites More sharing options...
Socialist_Owl Posted July 31, 2019 Share Posted July 31, 2019 5 hours ago, ramone said: Pep Guardiola had his 'audition' with Barcelona. Zinedine Zidane had his 'audition' with Real Madrid What truly idiotic statement you've just made You grade-a melt. Go sit in a corner. Did you just compare Lee flipping Bullen to Pep Guardiola? Link to comment Share on other sites More sharing options...
DJMortimer Posted July 31, 2019 Share Posted July 31, 2019 1 minute ago, Socialist_Owl said: You grade-a melt. Go sit in a corner. Did you just compare Lee flipping Bullen to Pep Guardiola? ...err... no... he didn't. Link to comment Share on other sites More sharing options...
Socialist_Owl Posted July 31, 2019 Share Posted July 31, 2019 (edited) Just now, DJMortimer said: ...err... no... he didn't. Yeah, he did. Why bring them up? Their situations aren't even in the same stratosphere as Bullen's. Edited July 31, 2019 by Socialist_Owl Link to comment Share on other sites More sharing options...
DJMortimer Posted July 31, 2019 Share Posted July 31, 2019 25 minutes ago, DJMortimer said: It's a simple matter of maximum losses of £39m for a rolling three year period. So last year we were £2.5m in profit due only to the ethically dubious stadium sale and the year before recorded losses of £20.7m. Therefore, to remain within the P & S limits this season we must lose no more than about £10.8m. But as our 'normal' performance outside of the 'creative accounting' that we cannot repeat next summer saw a deficit of over £30m, I'd say we have got an enormous iceberg looming on the horizon. Ah crap. That figure of £10.8m should have read £20.8m. Even Bob Grierson is shaking his head at me. 2 Link to comment Share on other sites More sharing options...
pazowl55 Posted July 31, 2019 Share Posted July 31, 2019 27 minutes ago, DJMortimer said: It's a simple matter of maximum losses of £39m for a rolling three year period. So last year we were £2.5m in profit due only to the ethically dubious stadium sale and the year before recorded losses of £20.7m. Therefore, to remain within the P & S limits this season we must lose no more than about £10.8m. But as our 'normal' performance outside of the 'creative accounting' that we cannot repeat next summer saw a deficit of over £30m, I'd say we have got an enormous iceberg looming on the horizon. Am I missing something shouldn't we be able to lose 20m this year and stay within FFP. Link to comment Share on other sites More sharing options...
DJMortimer Posted July 31, 2019 Share Posted July 31, 2019 2 minutes ago, Socialist_Owl said: Yeah, he did. Why bring them up? Their situations aren't even in the same stratosphere as Bullen's. If you really read that as him saying that Lee Bullen is as good as Pep Guardiola then there's nothing I can reply with that would help. The suggestion that novice managers can succeed in much more demanding and higher pressure situations than ours is perfectly reasonable in this context. 2 minutes ago, pazowl55 said: Am I missing something shouldn't we be able to lose 20m this year and stay within FFP. I beat you to it. See the post right above yours. Link to comment Share on other sites More sharing options...
Socialist_Owl Posted July 31, 2019 Share Posted July 31, 2019 Apples and oranges context. Two world class players backed to the hilt by power agents, their experiences are absolutely not germane to this topic. Their mention was the height of nonsense irrelevancy. Link to comment Share on other sites More sharing options...
Athelwulf Posted July 31, 2019 Share Posted July 31, 2019 Inexperienced managerially. And consider this. Chansiri doesn't like sacking the managers he's chosen. If/when Bullen gets on a bad run and can't resolve it, Chansiri would dig his heels in and retain him far too long. It would be like Luhukay revisited, with the club sliding ever further down the league and the fan base getting ever more restless. The other names in the frame may not currently be at their managerial best, but at least with any of them we'd be unlikely to have any relegation worries. Link to comment Share on other sites More sharing options...
WalthamOwl Posted July 31, 2019 Share Posted July 31, 2019 5 minutes ago, Athelwulf said: Inexperienced managerially. And consider this. Chansiri doesn't like sacking the managers he's chosen. If/when Bullen gets on a bad run and can't resolve it, Chansiri would dig his heels in and retain him far too long. It would be like Luhukay revisited, with the club sliding ever further down the league and the fan base getting ever more restless. The other names in the frame may not currently be at their managerial best, but at least with any of them we'd be unlikely to have any relegation worries. Watching Bullen become more and more stressed with every game if/when we went on a bad run would be horrible for everyone. Fans turning against him and chanting for him to be sacked. He doesn’t deserve that stress. I want him to stay with us for a long time but in a coaching capacity. Link to comment Share on other sites More sharing options...
torryowl Posted August 1, 2019 Share Posted August 1, 2019 Some very conservative posters on here who seem happy to go with the tried and failed types like monk,Coleman rowett rather than give a newbie a shot .....no one knows if bullen can cut it or not until he gets go at it ......to not want him because he's been good servant to the club and the fans might turn on him is a ridiculous reasoning . 2 Link to comment Share on other sites More sharing options...
owlsdreamer Posted August 1, 2019 Share Posted August 1, 2019 42 minutes ago, torryowl said: Some very conservative posters on here who seem happy to go with the tried and failed types like monk,Coleman rowett rather than give a newbie a shot .....no one knows if bullen can cut it or not until he gets go at it ......to not want him because he's been good servant to the club and the fans might turn on him is a ridiculous reasoning . Whats your obsession with wanting Bullen as manager?. He was an average player in a poor Owls team and is coaching abilities are average at the very best. We need someone who can attract good players and get the best out of them. Bullen isn't that man. Link to comment Share on other sites More sharing options...
ramone Posted August 1, 2019 Share Posted August 1, 2019 8 hours ago, Socialist_Owl said: You grade-a melt. Go sit in a corner. Did you just compare Lee flipping Bullen to Pep Guardiola? No, I simply pulled apart your daft comment and made you look silly. Link to comment Share on other sites More sharing options...
torryowl Posted August 1, 2019 Share Posted August 1, 2019 1 hour ago, owlsdreamer said: Whats your obsession with wanting Bullen as manager?. He was an average player in a poor Owls team and is coaching abilities are average at the very best. We need someone who can attract good players and get the best out of them. Bullen isn't that man. I don't necessarily want him as manager I'm just questioning why a lot think he would be crap at it .....he's never done it before so why not take a chance rather than the serial failures that are getting a mention .... Link to comment Share on other sites More sharing options...
modboy Posted August 1, 2019 Share Posted August 1, 2019 (edited) 20 hours ago, pazowl55 said: Am I missing something shouldn't we be able to lose 20m this year and stay within FFP. We didn't really spend anything last summer and are still way over the limits. Mainly due to our high wages i think Edited August 1, 2019 by modboy Link to comment Share on other sites More sharing options...
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