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Are we cheats?
- Thread starter Sussex Nomad
- Start date
rogersix
Well-known member
- Jan 18, 2014
- 7,902
Sussex Nomad
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- #303
This is what I was saying!! Oh boy I have been sitting here all day being a lazy f*ck watching tv and typing to NSC and I said in the first 4 pages we'd have to sell our best assets if we don't go up. El Pres, a mod, a pillock of the forum jumps in and his sheep follow. I shake my head in disbelief.
Sussex Nomad
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- #304
place your head between your knees and breathe into a paper bag
Baaaaaa
SussexSeahawk
New member
- Jun 2, 2016
- 152
Sussex Nomad: out of interest, how much loss do you think we have against FFP for this year?
The FFP losses for 2015/16 look like being in the region of £11-12 million though, so we should be within the limits. So I cannot see a need to sell players. Players might choose to go because they fancy playing in the Premier League, which is a different matter.
As for future years, the FFP clock effectively runs for three years from 2016/17, so the first time realistically that sanctions are likely to take place when the accounts are lodged with the Football League by 1 December 2019.
Remember that FFP losses of £39 million equate to accounting losses of £60 million, so there is still a long long way to go.
Apologies for the binfestery by the way, I should know better, and also apologies to SN for the historical trolling reference, I did mix him up with someone else.
Sussex Nomad
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- #307
I have absolutely no idea, I do know the club has a 20 mill loss, but I haven't said at any time that it is all FFP, I have surmised that it won't be far from 20 mill.
Sussex Nomad
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- #308
Wasn't our last offset thanks to the sale of Ulloa? I know it sounds a long time ago but we had 13 mill loss? The offset of Leo was 8 mill? So we would have been 21 mill? This year we have no offsets due to our craving for the Prem.
GoldWithFalmer
Seaweed! Seaweed!
Question for anybody? Does the current accounting loss of season **2015/16,coupled with our current league position,then allow for a replicated (assumed) loss 2016/17 of circa £20M Increase or Decrease a BIG money signing in January to get us over the line this season?
**Edit i may just add that I do know the new rules on FFP as i stated in the opening of the thread,was giving a comparison.
**Edit i may just add that I do know the new rules on FFP as i stated in the opening of the thread,was giving a comparison.
Sussex Nomad
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- #310
Well, there's another thing. Whats if we spunk 10 mill on a forward (that we don't need) in Jan? That just adds to our over spending doesn't it?
The last losses were £10.4 million, but there were gains of £8.7 million due to the sale of Ulloa and Buckley. So the loss, excluding these one off items, was £19.1 million.
To calculate the FFP loss you can then add back depreciation (see above £4.9 million) and academy costs, which are in the region of £4 million (that's a best estimate from talking to some other clubs).
This reduces the estimate of the FFP loss to £10.2 million, which, whilst a hell of a lot of money, still gives us some wiggle room this year, especially as the club should be in receipt of extra TV money due to the way it is distributed from the Premier League.
If we sign a £10 million striker on a 4 1/2 year contract in January the cost is spread over the contract length. Therefore the amount charged in the profit and loss would be £10m x (6months/54 months) = £1.1 million..........plus his wages of course.
GoldWithFalmer
Seaweed! Seaweed!
Thank you.....explained.. I would say with the room for movement we have right now,it would Increase it,but marginally...
Sussex Nomad
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- #314
Ok I did think Leo was part of our last returns, so we are selling no-one currently and that means we don't drag anything back from the loss recorded, so that is the FFP loss? is it not?
I bet you wish you'd had a quid for every time you've tried to explain this fact on this forum.
I stopped bothering ages ago. Fair play for banging your head against the wall though. #profitandloss #balancesheet
Sussex Nomad
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- #316
Another luvvie.
You are correct that there are no player sales at a profit in 2015/16, so the loss will be similar to the £19.1 million from 2014/15, although since then we have signed Knockaert, Skalak Hemed, Manu and Murphy for at least a million each, and given Lewis Dunk a (deserved) pay rise. So the quoted figure of £20 million is in line with expectations.
However also remember to deduct the depreciation of the stadium and training ground (£5 million at least) and the academy costs (£3-4 million) and that will take you to a FFP loss of £11-12 million.
Sussex Nomad
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- #318
Ok so instead of belittling me why didn't you say that on page 4?
Ernest
Stupid IDIOT
No sign of [MENTION=31]El Presidente[/MENTION] EXPLAINING what happened to the 1983 FA Cup Final money, he hopes his FFP DRIVEL bores people into SUBMISSION.
Some of us will NEVER forget even though it is 33 years ago.
Some of us will NEVER forget even though it is 33 years ago.
Sussex Nomad
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- #320
I know you're a pisstake Ernest but he is a bit of a knob.