Same with Palace, except they also wrote off debt
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[Albion] Palace Fans Biggest Fear
- Thread starter Tim Over Whelmed
- Start date
Uh_huh_him
Well-known member
- Sep 28, 2011
- 10,697
I think Tony covered the Covid losses, which weren't included in FFP and that went on top of teh debt figure.Yeah, thats certainly possible provided the investment is not required to cover excess losses reported under PSR - my understanding is that any losses between 15m and 105m over three years are allowable if they are covered by investors purchasing share capital, but not allowable if they are just loans. If they were loans then under PSR they would be considered club losses, of which the the club itself is only allowed to lose 5m annually.
I don't actually know what we've been reporting for PSR/FFP, I assume the player sales over the last couple of years mean we are not reporting losses, prior to that I don't know whether we were up against the higher limits or not. TB converting debt to share capital at that time in order to meet FFP regulations at the time would make sense, no idea if the value of the share capital has to relate to the actual amount of the investment
*with the caveat that I could be wrong, but it makes sense
Our net transfer spend over the Premier league period is something like £60m.
Most of the upside of those dealings is over the past 3 seasons
- Thread starter
- #7,343
I think where Sowness is lacking in his financial understanding is that TB's asset, the club, is worth far more now than he put in, is in a good place and should remain in a good place to repay in full, and may have already done so in part, and continues to grow in terms of assets and value.
- Thread starter
- #7,344
BTW, Palace fans seem to be turning on each other on social media, they really are a complete shambles
Uh_huh_him
Well-known member
- Sep 28, 2011
- 10,697
Indeed.
The difference is that Tony has chosen to keep his investment on the balance sheet.
Tony's investment has bankrolled our transfer strategy .
Our net spend of £50m over the past 7 seasons has built a Europa League level squad.
In the same time Palace have spent £175m to stay the same (arguably worsen).
There is much more to financing a Premier League club than counting the level of debt.
Is that £175m their purchase amount? I don't know what they're P/L is over the last dozen years
Uh_huh_him
Well-known member
- Sep 28, 2011
- 10,697
That's their net spend over 7 seasons - They've taken about £60m in transfer fees in that time..
So they have averaged about £35m a season in transfer spend.
They have gradually got their wage spend down to about 65% of revenue, but it was around 90% for a while.
I think their P/L is pretty good, but that's because they have dialled back on transfers over the pst 4 or 5 seasons.
Seagull58
In the Algarve
Guehi was absolutely schooled by Fergie and Pedro for the time he was on the pitch. I even commented on the match day thread how disappointing it was for us that he was going off.
nwgull
Well-known member
Also that 400m is the debt at the end of the 21-22 season. We’ve sold over 300m worth of players since then.
US Seagull
Well-known member
Today's David Squires strip is mostly about Sandwichgate (which is funny enough in itself):
www.theguardian.com
But I did particularly enjoy this panel:
David Squires on … a day in the life of Chris Wilder, the other Earl of Sandwich
Our cartoonist on why officials might want to keep their lunch hidden when talking to the Sheffield United manager
www.theguardian.com
But I did particularly enjoy this panel:
Terry Connor
Active member
- Oct 21, 2022
- 119
I think Roy's already been replaced by a Spitting Image puppet, at least on MoTD.Today's David Squires strip is mostly about Sandwichgate (which is funny enough in itself):
David Squires on … a day in the life of Chris Wilder, the other Earl of Sandwich
Our cartoonist on why officials might want to keep their lunch hidden when talking to the Sheffield United manager
But I did particularly enjoy this panel:
View attachment 175000
Attachments
Uh_huh_him
Well-known member
- Sep 28, 2011
- 10,697
yeah but that revenue won't be paying off any debt.
Tony has invested £400m to set us up to be sustainable.
Assuming the model continues to work, we won't need to get any further investment from him.
- Thread starter
- #7,353
Mind you, when you look at TV money, gate receipts, commercial activities and £60m++ in the transfer market we must be doing OK, perhaps we could chip a bit back every now and then?
- Thread starter
- #7,354
Mind you, £400m at say a nominal 5% is £20m a year, that helps to pay for his gas, electric and gym membership
Uh_huh_him
Well-known member
- Sep 28, 2011
- 10,697
- Thread starter
- #7,357
Any number of reasons that you and I will never know, tax planning, pressure off the club, making the books look excellent and the club more valuable?
Gully Forever
Well-known member
- May 9, 2011
- 1,539
Their biggest fear is us soon becoming so far ahead of them in success, that they are no longer considered rivals.
- Thread starter
- #7,359
I think the train has left that station and heading into another region altogether, still they can partner up with Crawley for rivalry son.
I saw a lovely YouTube video from a Palace fan who was covering the match on his phone from the South Stand. He became more and more angry as the game went on and left at 3-0. As he stormed away from the Stadium he filmed himself saying "We are Relegated !" , at this moment a roar went up and he said "Someone's scored but I don't care if its us (it was) as we'll only lose 4-1 or something" - Most prophetic. He also missed filming the post match flare up between the Palace fans and Henderson and Anderson which happened just yards from where he was standing. Not a good day for him.