Pickle Rick Posted December 29, 2021 Share Posted December 29, 2021 10 hours ago, Pickle Rick said: A couple of things to consider if not seen. Namely the Wages to Turnover and Owner Financing. More so, the fact that other clubs around Bristol City are in the shitter. https://twitter.com/SwissRamble/status/1470649243354472449?t=iKh0anZycViqYgaijORHBA&s=19 Furthermore from this. Here's the breakdown: https://twitter.com/KieranMaguire/status/1475835655192203280?t=k43rh5WkNsKLpLloY4geJQ&s=19 Quote Link to comment Share on other sites More sharing options...
Alessandro Posted December 29, 2021 Share Posted December 29, 2021 (edited) 10 hours ago, Pickle Rick said: A couple of things to consider if not seen. Namely the Wages to Turnover and Owner Financing. More so, the fact that other clubs around Bristol City are in the shitter. https://twitter.com/SwissRamble/status/1470649243354472449?t=iKh0anZycViqYgaijORHBA&s=19 Agreed. That list shows several clubs that will be in very similar positions to us. 9 hours ago, Davefevs said: Good sensible post Dave, but I wouldn't worry about the ban - you're fighting a losing battle there, understandably most of the Derby fans are so desperate for a crumb of comfort many can't look at other clubs objectively. To those of them trying to compare situations - the reality is the similarities end with = wages % vs turnover %. Well lads, welcome to the championship where over half the teams are at over 100% of turnover on wages. And the idea that we're in the shit if our owner pulls the plug. Well lads, welcome to the championship where 100% of the teams would be in the shit if the owner pulls the plug. Edited December 29, 2021 by Alessandro 4 Quote Link to comment Share on other sites More sharing options...
Olé Posted December 29, 2021 Share Posted December 29, 2021 9 minutes ago, The Humble Realist said: I dont really see what it has to do with FFP, I'm more surprised /confused why we would say holden was interim manager when he wasnt ? What does anyone have to gain by that? To be fair it simply says he was appointed on an interim basis in July which is true (prior to the end of the season), it then says he was appointed permanently in August. The directors report is just a summary of key activities that affect the business. The only contention is that we describe Downing and Simpson joining in July under his interim management (not true) and continuing when he was appointed permanently. I don't believe there is anything to be achieved by this so I am putting it down to the author having a poor memory of events. 1 Quote Link to comment Share on other sites More sharing options...
Lrrr Posted December 29, 2021 Share Posted December 29, 2021 1 hour ago, VT05763 said: We do "pinch" players from other Academies of similar and lower levels than us though. Not sure where you heard we don't. We agree deals with the club rather than use EPPP to just pay compensation though it’s not the same Owura Edwards, Hinds, Bakinson we agreed deals with their clubs vs Maddox, Kane and Wade being taken via compensation is different 1 Quote Link to comment Share on other sites More sharing options...
Fordy62 Posted December 29, 2021 Share Posted December 29, 2021 2 minutes ago, Olé said: To be fair it simply says he was appointed on an interim basis in July which is true (prior to the end of the season), it then says he was appointed permanently in August. The directors report is just a summary of key activities that affect the business. The only contention is that we describe Downing and Simpson joining in July under his interim management (not true) and continuing when he was appointed permanently. I don't believe there is anything to be achieved by this so I am putting it down to the author having a poor memory of events. I don’t know what’s worse… blatantly lying on the reports, or writing them from memory! 1 1 Quote Link to comment Share on other sites More sharing options...
KegCity Posted December 29, 2021 Share Posted December 29, 2021 What’s the obsession with checking other fans forums to see what they’re saying about our losses? Who cares? 1 Quote Link to comment Share on other sites More sharing options...
petehinton Posted December 29, 2021 Share Posted December 29, 2021 (edited) 3 hours ago, Olé said: Thanks for sharing this @Davefevs - based on the huge number of staff reported in our accounts and the commercial income typically achieved (outside Covid) at the redeveloped Ashton Gate (3rd best in the division) I'm going to suggest our ratio is not at the 0.725 Kieran uses but a bit better than at most clubs. At 0.6 our players average weekly wage is not 16k but 13k, at 0.5 (extreme but then we have got 560 odd staff) the average falls to £11k. £16k sounds too high to me. Incidentally, @petehintonwas involved so can tell me if I've got this wrong, but the admin staff kept off furlough to then help the Community Trust outreach during Covid (delivering meals etc) in a year the business itself is losing £40m - that is the measure of the club and it's commitment to the local area. I know many people gave their time for free but let's not forget that an organisation anticipating this bombscare of a financial results still put its hand in its pocket to help others. Yup, with the idea to start it heavily pushed & supported by…Kasey Palmer. Dunno if it would fall into this set of accounts too, but they were guesstimating that the weekly covid tests for players and staff was in the region of £5k a week too Edited December 29, 2021 by petehinton 1 Quote Link to comment Share on other sites More sharing options...
Davefevs Posted December 29, 2021 Share Posted December 29, 2021 3 hours ago, Olé said: Thanks for sharing this @Davefevs - based on the huge number of staff reported in our accounts and the commercial income typically achieved (outside Covid) at the redeveloped Ashton Gate (3rd best in the division) I'm going to suggest our ratio is not at the 0.725 Kieran uses but a bit better than at most clubs. At 0.6 our players average weekly wage is not 16k but 13k, at 0.5 (extreme but then we have got 560 odd staff) the average falls to £11k. £16k sounds too high to me. Incidentally, @petehintonwas involved so can tell me if I've got this wrong, but the admin staff kept off furlough to then help the Community Trust outreach during Covid (delivering meals etc) in a year the business itself is losing £40m - that is the measure of the club and it's commitment to the local area. I know many people gave their time for free but let's not forget that an organisation anticipating this bombscare of a financial results still put its hand in its pocket to help others. In City’s case, I agree, it looks a bit high….but useful as a consistent method for ballpark comparison across the division at least. I usually err on the low side for wages in my xls, but with things like appearance and win bonuses, who knows what they might earn. Ok, we aren’t paying out much in win bonuses, but perhaps our players are / were on a bit more than we think. The average champ salary was £720k p.a. Last season and I bet we weren’t too far off that. Your 0.6 might be closer to the truth for us. Will be interesting to see next years accounts. 2 hours ago, Fontaineofallknowledge said: Thanks for this, didn't know that about taking the mean of ffp losses for those two years so that's reassuring! fevs can you please share your workings on how we've knocked £12m off the cost base this year please, I'm really struggling to get there once you reflect the new signings made? thanks Basically, we’ve wiped £4-5m off of our amortisation costs because we let loads of players go OOC in the summer. The likes of Diedhiou was costing us £1.325m p.a. In amortisation, let alone wages. Baker was £0.875m (re-signed on a free, so £0 amortisation). Add in your Jack Hunt, Haks Adelakun, Liam Walsh etc, and it starts to mount up. Then add on top the wages we are no longer paying. Nige was quoted as say 30% cut in wages. Its obviously not an exact science because I’m not party to the exact numbers….but my current xls has assets at £36.150m. The accounts have £36.167m….I’ll take being £0.017m out! As per reply to Ole above, wages is always a bit more difficult to estimate. If we can get Kalas to sign a new contract, we can spread his amortisation out over a longer period. He’s costing us £2.0m p.a at the mo plus £1.25m in wages! 1 hour ago, BigAl&Toby said: Compare that to the way he must’ve seemingly developed HL. From getting excited over spreadsheets and investments in his bedroom to a shiny glass office where there were once railway sidings. Are you saying I could become a billionaire Quote Link to comment Share on other sites More sharing options...
BigAl&Toby Posted December 29, 2021 Share Posted December 29, 2021 4 minutes ago, Davefevs said: In City’s case, I agree, it looks a bit high….but useful as a consistent method for ballpark comparison across the division at least. I usually err on the low side for wages in my xls, but with things like appearance and win bonuses, who knows what they might earn. Ok, we aren’t paying out much in win bonuses, but perhaps our players are / were on a bit more than we think. The average champ salary was £720k p.a. Last season and I bet we weren’t too far off that. Your 0.6 might be closer to the truth for us. Will be interesting to see next years accounts. Basically, we’ve wiped £4-5m off of our amortisation costs because we let loads of players go OOC in the summer. The likes of Diedhiou was costing us £1.325m p.a. In amortisation, let alone wages. Baker was £0.875m (re-signed on a free, so £0 amortisation). Add in your Jack Hunt, Haks Adelakun, Liam Walsh etc, and it starts to mount up. Then add on top the wages we are no longer paying. Nige was quoted as say 30% cut in wages. Its obviously not an exact science because I’m not party to the exact numbers….but my current xls has assets at £36.150m. The accounts have £36.167m….I’ll take being £0.017m out! As per reply to Ole above, wages is always a bit more difficult to estimate. If we can get Kalas to sign a new contract, we can spread his amortisation out over a longer period. He’s costing us £2.0m p.a at the mo plus £1.25m in wages! Are you saying I could become a billionaire Anyone with a non-contributory final salary pension will have done ok I’m dipping in shortly. Thing is I’m not letting Steve anywhere near it thank you very much. He already gets £60 too much of my hard earned pennies….. Quote Link to comment Share on other sites More sharing options...
Port Said Red Posted December 29, 2021 Share Posted December 29, 2021 4 minutes ago, Davefevs said: Are you saying I could become a billionaire Judging by some of the keyboard warrior comments on this thread yes, it's easy. It's just that they would rather give someone who has actually done it, the benefit of their hindsight on how he should have spent it. Quote Link to comment Share on other sites More sharing options...
Fordy62 Posted December 29, 2021 Share Posted December 29, 2021 1 minute ago, Port Said Red said: Judging by some of the keyboard warrior comments on this thread yes, it's easy. It's just that they would rather give someone who has actually done it, the benefit of their hindsight on how he should have spent it. Don’t mix business with pleasure is all I’d have to say. But I think he probably knows that by now. Quote Link to comment Share on other sites More sharing options...
The Humble Realist Posted December 29, 2021 Share Posted December 29, 2021 1 hour ago, Olé said: To be fair it simply says he was appointed on an interim basis in July which is true (prior to the end of the season), it then says he was appointed permanently in August. The directors report is just a summary of key activities that affect the business. The only contention is that we describe Downing and Simpson joining in July under his interim management (not true) and continuing when he was appointed permanently. I don't believe there is anything to be achieved by this so I am putting it down to the author having a poor memory of events. Oh I see. I thought from what I read on the forum it said holden was only ever an interim manager. That's my bad, thanks for clearing up. Quote Link to comment Share on other sites More sharing options...
Lrrr Posted December 29, 2021 Share Posted December 29, 2021 4 hours ago, billywedlock said: I don't disagree on some points, but this is about a billionaire owner who could have spent more on the one part of the club that is showing success and is outside of FFP. That we could have soaked up the southwest as the only viable Cat 1 academy is more lamentable. If you are looking for performance advantage , have the funds, can only invest outside of FFP in these areas, why avoid it ? The increased scouting network, increased coaching hours and care for young players, in a context when we can afford it , makes it a no brainer for me. In the context of not being able to afford it, like Swansea, who have dropped to Cat 2 yes. But in light of the stated aims of our owner, I cannot comprehend why we are not a Cat 1 with regional development centres throughout the Southwest and why we only got a training ground 12 months ago. I do agree about the under 23's being of marginal use, if players have the ability , they need to be playing in our first tea. Rangernick did a great conference earlier this year on how he competed against the mighty teams in Germany and taking a L3 level club to the top. Essentially youth development and buying players in their first pro contract, max second and having many under 23's in the first team. When we have has success , and we have with youth development and signing players that are youthful and hungry, we have continually repeated the old error of buying at high cost players who we know will never be Prem players on contracts that are expensive and have little or no potential upside. So for me, as the owner is sustaining costs of close on 40 M a year, I do not accept we should not and have not invested the additional sums over the existing Cat 2 costs to run a cat 1 academy. We also have heard of a number (small) of Bristol based youth that have not joined or left our academy as it is not a cat 1. We can afford it, we choose not to afford it, (instead choose to waste money on expensive vanity signings), and when we can see it is the one single side of the club that is demonstrating football success that remains a mystery and frustration to me. There's no reason we can't soak up the south west as Cat 2, the nearest = or higher category academies are Cardiff, Birmingham, Southampton, Reading. That leaves the entire of the south west for City as the highest ranking academy. Frankly that's a shit attitude on behalf of the kids/parents then, the same coaches will work with the kids whether its Cat 1 or 2, City's standards would be no higher or less being Cat 1 or 2 in how they approach what they do. Quote Link to comment Share on other sites More sharing options...
Bristol Rob Posted December 29, 2021 Share Posted December 29, 2021 8 minutes ago, Lrrr said: There's no reason we can't soak up the south west as Cat 2, the nearest = or higher category academies are Cardiff, Birmingham, Southampton, Reading. That leaves the entire of the south west for City as the highest ranking academy. Frankly that's a shit attitude on behalf of the kids/parents then, the same coaches will work with the kids whether its Cat 1 or 2, City's standards would be no higher or less being Cat 1 or 2 in how they approach what they do. We could enter the Pappa John's and then play the Fewers with our under 7s. 1 Quote Link to comment Share on other sites More sharing options...
O'Garlandinho Posted December 29, 2021 Share Posted December 29, 2021 Look at the graphs below. MA joined as COO/CEO at the start of 2016.... 1 1 Quote Link to comment Share on other sites More sharing options...
Cowshed Posted December 29, 2021 Share Posted December 29, 2021 (edited) 13 minutes ago, Lrrr said: There's no reason we can't soak up the south west as Cat 2, the nearest = or higher category academies are Cardiff, Birmingham, Southampton, Reading. That leaves the entire of the south west for City as the highest ranking academy. Frankly that's a shit attitude on behalf of the kids/parents then, the same coaches will work with the kids whether its Cat 1 or 2, City's standards would be no higher or less being Cat 1 or 2 in how they approach what they do. A reason is regional coverage. Other clubs coach more kids and have more coaches and scouts. Exeter have a regional network of development centres. Bristol City have/had two. Exeter have a broader contact with more talent. Cat 1 v 2 can be an argument of what the club provides. Parents heads can be swayed and reasonably so by a club offering private schooling - Southampton as a cat 1 academy do this BCFC do not. However cat 1v 2 v 3 also can mean extra coaching 1 -1 hours. Its part of the criteria, it does not have to be set in stone. A cat 3 academy can provide the same 1-1 coaching. The posters main point about soaking up the South West is valid. Bristol City is not doing this because it needs to sharpen up its act to do so. Its coverage, involvement and contact with grass roots football and talent outside of Bristol is sparse. Edited December 29, 2021 by Cowshed 3 1 Quote Link to comment Share on other sites More sharing options...
The Bard Posted December 29, 2021 Share Posted December 29, 2021 On 28/12/2021 at 10:30, GrahamC said: They did, this is wrong, Jamie Mac was still in post until Holden got the role permanently. Eyewatering numbers & almost certainly ends the likelihood of any money being spent in January even if we sell one or two. Why the **** Gregor suggested Dwight Gayle as a signing this week I have absolutely no idea, he might as well say Mo Salah. Because he's desperately seeking attention? Quote Link to comment Share on other sites More sharing options...
Bristol Rob Posted December 29, 2021 Share Posted December 29, 2021 So when do other clubs show their hand and reveal just how covid impacted they are? It will be interesting to compare our performance against them. 2 Quote Link to comment Share on other sites More sharing options...
Jeez Posted December 29, 2021 Share Posted December 29, 2021 Worth sharing these accounts and wage bill rise with our delusional Suffolk friends. Ashton as CEO would have been reviewing the BCFC Management Accounts on a monthly basis - wage bill accelerates from his arrival onward. 3 Quote Link to comment Share on other sites More sharing options...
Alessandro Posted December 29, 2021 Share Posted December 29, 2021 (edited) 14 minutes ago, Red Alert said: Worth sharing these accounts and wage bill rise with our delusional Suffolk friends. Ashton as CEO would have been reviewing the BCFC Management Accounts on a monthly basis - wage bill accelerates from his arrival onward. Well it's in clear numbers why City fans are so bitter about Ashton: These charts rocket the year after he joins us, 2016. Now to be fair, i'm not laying all the blame on Ashton (LJ and JL/SL hugely culpable) but....he was in charge of the budgets. He was in charge of the recruitment. He pushed us to the financial limit with no contingency plan. As i've said already, traded quality for quantity. (Why???!!!) Then he left us with a squad with probably our highest wage bill ever, over 100% of any commercial revenue he may have generated. And most frustratingly nothing to show from it with arguably our weakest, least valuable, least competitive squad footballing wise since we returned to the championship. (Only the academy giving real value player/transfer profit wise) Beware Ipswich, nothing against you, and I don't wish you any ill, but beware. Edited December 29, 2021 by Alessandro 6 Quote Link to comment Share on other sites More sharing options...
Ivorguy Posted December 29, 2021 Share Posted December 29, 2021 Our model has clearly failed, yet no one is held accountable because there is no accountability in this club or mechanisms to achieve it. We have simply been badly run from top to bottom, but accountability must begin at the top Old beef of mine -we need an independent full audit of the club’s management 2 1 Quote Link to comment Share on other sites More sharing options...
Harry Posted December 29, 2021 Share Posted December 29, 2021 Apologies if this has been broken down elsewhere already but can we have a breakdown of exactly where we currently sit on FFP. From what I can see, the reported profit/loss over the last few years are : 2016 : £12.2m loss. 2017 : £2.1m loss. 2018 : £20.6m loss. 2019 : £11m profit. 2020 : £10.1m loss. 2021 : £38.4m loss. Over each 3 year rolling period you can lose up to £39m. So for 16,17,18 we combined losses of £34.9m. So we were inside. For 17,18,19 we had combined losses of £11.7m. So we were well inside. For 18,19,20 we had combined losses of £19.7m. So again comfortably inside. As far as I can tell, the next reporting period is different due to covid. They are taking the 20 & 21 periods and averaging them into 1. So this is an average of £24.2m. So, the current reporting period of 18,19,20,21 has us at combined losses of £33.8m. So we are currently £5m inside. Next year, we’ll have the 19,20,21,22 period so are currently on £37.5m losses. Meaning we can only afford a loss in the coming year of £1.5m or we’re over the limit. Would that be correct?? Quote Link to comment Share on other sites More sharing options...
Davefevs Posted December 29, 2021 Share Posted December 29, 2021 1 hour ago, O'Garlandinho said: Look at the graphs below. MA joined as COO/CEO at the start of 2016.... A perfect example of correlation AND causation!!! 1 hour ago, Bristol Rob said: So when do other clubs show their hand and reveal just how covid impacted they are? It will be interesting to compare our performance against them. They will start rolling in between now and end of Feb (for clubs with end of May year ends) and March (June year ends etc. 30 minutes ago, Alessandro said: Well it's in clear numbers why City fans are so bitter about Ashton: These charts rocket the year after he joins us, 2016. Now to be fair, i'm not laying all the blame on Ashton (LJ and JL/SL hugely culpable) but....he was in charge of the budgets. He was in charge of the recruitment. He pushed us to the financial limit with no contingency plan. As i've said already, traded quality for quantity. (Why???!!!) Then he left us with a squad with probably our highest wage bill ever, over 100% of any commercial revenue he may have generated. And most frustratingly nothing to show from it with arguably our weakest, least valuable, least competitive squad footballing wise since we returned to the championship. (Only the academy giving real value player/transfer profit wise) Beware Ipswich, nothing against you, and I don't wish you any ill, but beware. How many times have I said, how different are we to Rovers, when the £1m striker sales ran-out? Stewart, Taylor, Hayles, Ellington, Roberts, Cureton, Lambert. Albeit a different level, but similar principles. Ashton’s ego pushed and pushed the limits, SL’s acknowledged position of financial / FFP compliance stopping him from destroying us, but his lack of football knowledge unable to remedy it. It’s why I give an experienced man like Pearson a lot of slack…he’s helping rebuild a lot more than just a first team. Gould will play the CEO, not the DoF / HoR. Decisions will not be based on flashiness, egos and bullsh1t. I am confident we are gonna morph into being well-run, rather than well-funded / propped up. But it will take time. 19 minutes ago, Ivorguy said: Our model has clearly failed, yet no one is held accountable because there is no accountability in this club or mechanisms to achieve it. We have simply been badly run from top to bottom, but accountability must begin at the top Old beef of mine -we need an independent full audit of the club’s management Agree. 10 1 Quote Link to comment Share on other sites More sharing options...
archie andrews Posted December 29, 2021 Share Posted December 29, 2021 7 minutes ago, Harry said: Apologies if this has been broken down elsewhere already but can we have a breakdown of exactly where we currently sit on FFP. From what I can see, the reported profit/loss over the last few years are : 2016 : £12.2m loss. 2017 : £2.1m loss. 2018 : £20.6m loss. 2019 : £11m profit. 2020 : £10.1m loss. 2021 : £38.4m loss. Over each 3 year rolling period you can lose up to £39m. So for 16,17,18 we combined losses of £34.9m. So we were inside. For 17,18,19 we had combined losses of £11.7m. So we were well inside. For 18,19,20 we had combined losses of £19.7m. So again comfortably inside. As far as I can tell, the next reporting period is different due to covid. They are taking the 20 & 21 periods and averaging them into 1. So this is an average of £24.2m. So, the current reporting period of 18,19,20,21 has us at combined losses of £33.8m. So we are currently £5m inside. Next year, we’ll have the 19,20,21,22 period so are currently on £37.5m losses. Meaning we can only afford a loss in the coming year of £1.5m or we’re over the limit. Would that be correct?? how does a 3 year rolling period become 4 H? Quote Link to comment Share on other sites More sharing options...
Hxj Posted December 29, 2021 Share Posted December 29, 2021 (edited) 16 minutes ago, Harry said: Would that be correct?? Sort of. There was no test for 2020, it was rolled into the test for 2021. Your profit/loss figures for each year need adjusting for the allowable costs, mainly the Academy and Depreciation on fixed Assets for all years (say £5million a year). Secondly Covid losses are ignored as well, these are 'reductions in income and increases in costs' for 2020 and 2021, probably £8 million a year. That gives you a possible figure for 2022 of 2019 adjusted +16 million 2020 adjusted +3 million 2021 adjusted - 26 million Average 2020 + 2021 -11 million 2022 available - £45 million (39+16-10) - best guess - 25 million However 2023 is then a problem - 2020 +2021 average -11 million 2022 - 25 million 2023 max adjusted loss £3 million (39-11-25) Edited December 29, 2021 by Hxj 2 Quote Link to comment Share on other sites More sharing options...
View from the Dolman Posted December 29, 2021 Share Posted December 29, 2021 38 minutes ago, Ivorguy said: Our model has clearly failed, yet no one is held accountable because there is no accountability in this club or mechanisms to achieve it. We have simply been badly run from top to bottom, but accountability must begin at the top Old beef of mine -we need an independent full audit of the club’s management An audit to measure against what? You mention this "audit" process before but it's never entirely clear what you're looking for - maybe I'm unaware of the Ivorguy 7971 certification? 1 2 Quote Link to comment Share on other sites More sharing options...
archie andrews Posted December 29, 2021 Share Posted December 29, 2021 9 minutes ago, archie andrews said: how does a 3 year rolling period become 4 H? ahhh...see now H... 1 Quote Link to comment Share on other sites More sharing options...
Davefevs Posted December 29, 2021 Share Posted December 29, 2021 (edited) 20 minutes ago, Harry said: Apologies if this has been broken down elsewhere already but can we have a breakdown of exactly where we currently sit on FFP. From what I can see, the reported profit/loss over the last few years are : 2016 : £12.2m loss. 2017 : £2.1m loss. 2018 : £20.6m loss. 2019 : £11m profit. 2020 : £10.1m loss. 2021 : £38.4m loss. Over each 3 year rolling period you can lose up to £39m. So for 16,17,18 we combined losses of £34.9m. So we were inside. For 17,18,19 we had combined losses of £11.7m. So we were well inside. For 18,19,20 we had combined losses of £19.7m. So again comfortably inside. As far as I can tell, the next reporting period is different due to covid. They are taking the 20 & 21 periods and averaging them into 1. So this is an average of £24.2m. So, the current reporting period of 18,19,20,21 has us at combined losses of £33.8m. So we are currently £5m inside. Next year, we’ll have the 19,20,21,22 period so are currently on £37.5m losses. Meaning we can only afford a loss in the coming year of £1.5m or we’re over the limit. Would that be correct?? It’s complicated by the covid concessions of combining and halving 19/20 and 20/21s losses to make a 4 year cycle look like a 3 year cycle (if that makes sense). It kinda looks a bit like this (others chip in if they disagree). The yellow highlighted but are where the losses are halved. I’ve taken a very simplistic £25m revenue / £45m costs over the 3 estimated years. What I’ve yet to factor in is how much is allowable for Covid. If it’s £14m, then our £38.4m loss becomes £24.4m and halved is £12.2m (saving us £7m of our £19.2m). That puts 22/23 season down from £54.8m to £47.8m…over the £39m. However, that’s based on current amortisation and wage levels, which I expect to come down, as well as I expect us to increase revenues beyond my estimates. So all in all I think we will be ok. A few million in add-ons for Brownhill and / or Kelly wouldn’t go amiss. We’ve acted just in time imho. Fire any Qs back. (I use a £3m p.a. FFP allowables for things like Academy, Women’s etc, hence £9m in penultimate column) Edited December 29, 2021 by Davefevs 6 Quote Link to comment Share on other sites More sharing options...
One Team Posted December 29, 2021 Share Posted December 29, 2021 (edited) 16 minutes ago, Davefevs said: A perfect example of correlation AND causation!!! They will start rolling in between now and end of Feb (for clubs with end of May year ends) and March (June year ends etc. How many times have I said, how different are we to Rovers, when the £1m striker sales ran-out? Stewart, Taylor, Hayles, Ellington, Roberts, Cureton, Lambert. Albeit a different level, but similar principles. Ashton’s ego pushed and pushed the limits, SL’s acknowledged position of financial / FFP compliance stopping him from destroying us, but his lack of football knowledge unable to remedy it. It’s why I give an experienced man like Pearson a lot of slack…he’s helping rebuild a lot more than just a first team. Gould will play the CEO, not the DoF / HoR. Decisions will not be based on flashiness, egos and bullsh1t. I am confident we are gonna morph into being well-run, rather than well-funded / propped up. But it will take time. Agree. Much more of this @Davefevs and I will be standing and applauding your posts! Absolutely nailed it there! Edited December 29, 2021 by One Team Quote Link to comment Share on other sites More sharing options...
BasSavage88 Posted December 29, 2021 Share Posted December 29, 2021 Still nothing from our invisible chairman? Has daddy not made him come back from wherever he's hiding yet? 3 1 Quote Link to comment Share on other sites More sharing options...
Davefevs Posted December 29, 2021 Share Posted December 29, 2021 4 minutes ago, BasSavage88 said: Still nothing from our invisible chairman? Has daddy not made him come back from wherever he's hiding yet? Think it’s the “Gould and Pearson show” in terms of fan communication going forward. 3 Quote Link to comment Share on other sites More sharing options...
eardun Posted December 29, 2021 Share Posted December 29, 2021 1 hour ago, Bristol Rob said: So when do other clubs show their hand and reveal just how covid impacted they are? It will be interesting to compare our performance against them. Saw this on Millwall. Looks to me that they are punching above their weight given their position in the Championship. 2 Quote Link to comment Share on other sites More sharing options...
Red-Robbo Posted December 29, 2021 Share Posted December 29, 2021 17 minutes ago, One Team said: Much more of this @Davefevs and I will be standing and applauding your posts! Absolutely nailed it there! Dave for CEO/tactics analyst when we get together enough dosh for the fans to buy the club. I found £30 in an old jacket today, so I'll start the collection. 2 1 Quote Link to comment Share on other sites More sharing options...
Davefevs Posted December 29, 2021 Share Posted December 29, 2021 2 minutes ago, eardun said: Saw this on Millwall. Looks to me that they are punching above their weight given their position in the Championship. A £30m cost base versus our £60m (50% of ours)….most definitely punching! Obviously their income is less than ours (pre-covid) but they’ve kept their costs relatively under control. They didn’t get Billy Big-Bollax in the transfer market. Their record transfer is about £1m, not £8m!!! Lessons!!! 3 Quote Link to comment Share on other sites More sharing options...
Northern Red Posted December 29, 2021 Share Posted December 29, 2021 15 minutes ago, BasSavage88 said: Still nothing from our invisible chairman? Has daddy not made him come back from wherever he's hiding yet? What do you want him to say? What is there that he could add at this point that Gould and Pearson aren't already doing between them? 1 Quote Link to comment Share on other sites More sharing options...
Hxj Posted December 29, 2021 Share Posted December 29, 2021 31 minutes ago, Davefevs said: I use a £3m p.a. FFP allowables for things like Academy, Women’s etc, hence £9m in penultimate column The disallowed (for FFP purposes) depreciation for the group in 2021 is now around £3 million a year, so your adjustment is probably £3 million or so a year out. 1 Quote Link to comment Share on other sites More sharing options...
Davefevs Posted December 29, 2021 Share Posted December 29, 2021 14 minutes ago, Hxj said: The disallowed (for FFP purposes) depreciation for the group in 2021 is now around £3 million a year, so your adjustment is probably £3 million or so a year out. Sorry, you’ve confused me…if it’s £3m p.a…isn’t £3m x 3 years equals £9m….or are you saying it should it be £12m because it’s over 4 years? Or are you saying it’s only recently got to £3m p.a. Levels? Quote Link to comment Share on other sites More sharing options...
Pezo Posted December 29, 2021 Share Posted December 29, 2021 1 hour ago, Ivorguy said: Our model has clearly failed, yet no one is held accountable because there is no accountability in this club or mechanisms to achieve it. We have simply been badly run from top to bottom, but accountability must begin at the top Old beef of mine -we need an independent full audit of the club’s management Ask SL if anyone has been heald to account while fishes around for another couple £m down the back of the couch. Quote Link to comment Share on other sites More sharing options...
Hxj Posted December 29, 2021 Share Posted December 29, 2021 (edited) 15 minutes ago, Davefevs said: Sorry, you’ve confused me Sorry - adjustments for FFP are Non-Player Depreciation, Women's Football, Academy Football, Community activities. The first is now £3m a year for BCHL, so your allowance of £3m a year is insufficient to cover all the costs that can be adjusted for. So I reckon your adjustment should be £6m a year. Edited December 29, 2021 by Hxj 1 1 1 Quote Link to comment Share on other sites More sharing options...
Davefevs Posted December 29, 2021 Share Posted December 29, 2021 20 minutes ago, Hxj said: Sorry - adjustments for FFP are Non-Player Depreciation, Women's Football, Academy Football, Community activities. The first is now £3m a year for BCHL, so your allowance of £3m a year is insufficient to cover all the costs that can be adjusted for. So I reckon your adjustment should be £6m a year. Wow, ok. That’s even better then!!! Ta. Ill add some notes to my xls. Quote Link to comment Share on other sites More sharing options...
Snufflelufagus Posted December 29, 2021 Share Posted December 29, 2021 Do we think this announcement will have any affect on the crowd reaction/support tomorrow? I can see a few scenarios 1. Get behind the team knowing we are up against it for the long term. 2. Resentment at some of the perceived higher earners not pulling their weight. Any others? Quote Link to comment Share on other sites More sharing options...
Simon bristol Posted December 29, 2021 Share Posted December 29, 2021 15 minutes ago, Davefevs said: Wow, ok. That’s even better then!!! Ta. Ill add some notes to my xls. I like to think im pretty switched on, but you chaps are operating at a whole different level! Im still looking to establish how much/ if any the league allows for covid losses, and what happens in 3 years time when our 1 profitable season rolls off the back of the calculation…. Basically we need to significantly cut wages, stop buying rubbish on rediculous contracts, and get some player sales going again… 1 Quote Link to comment Share on other sites More sharing options...
Kingswood Robin Posted December 29, 2021 Share Posted December 29, 2021 2 hours ago, View from the Dolman said: An audit to measure against what? You mention this "audit" process before but it's never entirely clear what you're looking for - maybe I'm unaware of the Ivorguy 7971 certification? I'm not sure who would audit us either, but I think there is a case for some kind of non-executive director to say "stop, what are you doing?". I also think the accountability point is a good one, the best run organisations live by it. Quote Link to comment Share on other sites More sharing options...
Davefevs Posted December 29, 2021 Share Posted December 29, 2021 12 minutes ago, Simon bristol said: I like to think im pretty switched on, but you chaps are operating at a whole different level! Im still looking to establish how much/ if any the league allows for covid losses, and what happens in 3 years time when our 1 profitable season rolls off the back of the calculation…. Basically we need to significantly cut wages, stop buying rubbish on rediculous contracts, and get some player sales going again… If you look at my pic from the earlier post, you’ll see that this season is the last season we included the profit from 18/19. So when those accounts come out next year, we will from that point be reporting FFP in a cycle from 19/20 (50%), 20/21 (50% the accounts just published), 21/22 (this season) and 22//23 (next season). We have already cut wages. We have already cut amortisation…and this will continue to get lower. We have stopped buying players for stupid fees / wages and then not playing them. Player sales is the hard bit in this market 1 Quote Link to comment Share on other sites More sharing options...
Davefevs Posted December 29, 2021 Share Posted December 29, 2021 Quote Link to comment Share on other sites More sharing options...
chinapig Posted December 29, 2021 Share Posted December 29, 2021 13 minutes ago, Kingswood Robin said: I'm not sure who would audit us either, but I think there is a case for some kind of non-executive director to say "stop, what are you doing?". I also think the accountability point is a good one, the best run organisations live by it. In an ideal world you would have a majority of non-execs. But we know Steve doesn't like being told he has got something wrong so that's a non-starter. Which pretty much leaves us with Jon holding the executive to account. Or not. Corporate governance is one of the game's many weaknesses though. 4 1 Quote Link to comment Share on other sites More sharing options...
Merrick's Marvels Posted December 29, 2021 Share Posted December 29, 2021 (edited) 2 hours ago, Davefevs said: Think it’s the “Gould and Pearson show” in terms of fan communication going forward. Indeed. Even though neither are in any way responsible for this mess - someone else has shat the bed and they're being asked to clean up. Meanwhile, deafening silence from the man who is ultimately responsible. Would love to see Twentyman get the chance to quiz him properly but doubt our owner has the balls for that. Edited December 29, 2021 by Merrick's Marvels 3 Quote Link to comment Share on other sites More sharing options...
Bristol Rob Posted December 29, 2021 Share Posted December 29, 2021 17 minutes ago, chinapig said: In an ideal world you would have a majority of non-execs. But we know Steve doesn't like being told he has got something wrong so that's a non-starter. Which pretty much leaves us with Jon holding the executive to account. Or not. Corporate governance is one of the game's many weaknesses though. The non execs usually challenge in the interests of share holders. But seeing as the main shareholder is the decision makes would likey be a pointless exercise. Quote Link to comment Share on other sites More sharing options...
chinapig Posted December 29, 2021 Share Posted December 29, 2021 1 minute ago, Bristol Rob said: The non execs usually challenge in the interests of share holders. But seeing as the main shareholder is the decision makes would likey be a pointless exercise. Yes of course but for me it would be good practice to have independent voices nevertheless, especially as the main shareholder does not sit on the Board. Memento Mori and all that. It's not as if the actions of the previous executive benefited the shareholders after all, since we are further away from the alleged objectives than before. 1 Quote Link to comment Share on other sites More sharing options...
The Bard Posted December 29, 2021 Share Posted December 29, 2021 26 minutes ago, Kingswood Robin said: I'm not sure who would audit us either, but I think there is a case for some kind of non-executive director to say "stop, what are you doing?". I also think the accountability point is a good one, the best run organisations live by it. There's no chance of that. SL has removed all but the minimal amount of oversight (remember the attempts to enforce sale of shares?). Our club is completely in his control. When questioned he just says my club I'll do what I please. 2 Quote Link to comment Share on other sites More sharing options...
Red-Robbo Posted December 29, 2021 Share Posted December 29, 2021 9 minutes ago, Bristol Rob said: The non execs usually challenge in the interests of share holders. But seeing as the main shareholder is the decision makes would likey be a pointless exercise. Their role would be advisory - with the aim of pushing the club forward and stopping said main shareholder haemorrhage money to no end purpose. 1 Quote Link to comment Share on other sites More sharing options...
chinapig Posted December 29, 2021 Share Posted December 29, 2021 Just now, The Bard said: There's no chance of that. SL has removed all but the minimal amount of oversight (remember the attempts to enforce sale of shares?). Our club is completely in his control. When questioned he just says my club I'll do what I please. I could live with him saying that (it's true after all) if he was prepared to admit he got it wrong in recent years. He really can't talk about being sustainable then allow our costs to spiral without admitting he has made mistakes. 7 1 Quote Link to comment Share on other sites More sharing options...
Popular Post Numero Uno Posted December 29, 2021 Popular Post Share Posted December 29, 2021 28 minutes ago, Merrick's Marvels said: Indeed. Even though neither are in any way responsible for this mess - someone else has shat the bed and they're being asked to clean up. Meanwhile, deafening silence from the man who is ultimately responsible. Would love to see Twentyman get the chance to quiz him properly but doubt our owner has the balls for that. I wonder if the fans who want us to change Manager every 6 months will give it a rest now? Pearson is here for the long haul and if you don’t like it don’t buy a ticket - that’s where we are. By the way, if you don’t like it ask yourself how many decent managers out there would touch us with a barge pole. Answer honestly………then the penny might drop. 16 5 Quote Link to comment Share on other sites More sharing options...
Red Army 75 Posted December 29, 2021 Share Posted December 29, 2021 1 minute ago, Numero Uno said: I wonder if the fans who want us to change Manager every 6 months will give it a rest now? Pearson is here for the long haul and if you don’t like it don’t buy a ticket - that’s where we are. By the way, if you don’t like it ask yourself how many decent managers out there would touch us with a barge pole. Answer honestly………then the penny might drop. IMO we are lucky to have NP in charge of us at the moment . And refreshing to hear him talk so honestly about our situation and manage fan expectations 13 Quote Link to comment Share on other sites More sharing options...
Fordy62 Posted December 29, 2021 Share Posted December 29, 2021 11 minutes ago, Numero Uno said: I wonder if the fans who want us to change Manager every 6 months will give it a rest now? Pearson is here for the long haul and if you don’t like it don’t buy a ticket - that’s where we are. By the way, if you don’t like it ask yourself how many decent managers out there would touch us with a barge pole. Answer honestly………then the penny might drop. You know as well as I do that the next time we’re defeated(I.e tomorrow) there’ll be a “Pearson Out” thread. And I can bet on who starts it too! 1 1 2 Quote Link to comment Share on other sites More sharing options...
Tin Soldier Posted December 29, 2021 Share Posted December 29, 2021 24 minutes ago, The Bard said: There's no chance of that. SL has removed all but the minimal amount of oversight (remember the attempts to enforce sale of shares?). Our club is completely in his control. When questioned he just says my club I'll do what I please. This will come back to haunt him. He is ultimately responsible for the financial mess. As a financier, he will be pretty embarrassed about this. GT will get the chance to interview him at some stage for sure. Quote Link to comment Share on other sites More sharing options...
The Bard Posted December 29, 2021 Share Posted December 29, 2021 15 minutes ago, Red Army 75 said: IMO we are lucky to have NP in charge of us at the moment . And refreshing to hear him talk so honestly about our situation and manage fan expectations 100% agree, We are up shit creek but we have a paddle in that the person in charge is completely realistic and has the skillset to see us through the 2 to 3 years it is going to take to reset the club to be a functioning, well run Championship club. Also happy that the CEO gets on with his job rather than using the role for his own ends. 4 Quote Link to comment Share on other sites More sharing options...
The Bard Posted December 29, 2021 Share Posted December 29, 2021 Bears accounts released today - loss of £3.5 million. Entirely due to Covid though... 1 Quote Link to comment Share on other sites More sharing options...
ExiledAjax Posted December 29, 2021 Share Posted December 29, 2021 46 minutes ago, Bristol Rob said: The non execs usually challenge in the interests of share holders. But seeing as the main shareholder is the decision makes would likey be a pointless exercise. It's the duty of all the directors to run the company for the benefit of the shareholders. A NED is there to provide guidance to the execs, but ultimately they all have to act for the benefit of shareholders. Ultimately Steve Lansdown can appoint who he wants as director. 1 hour ago, chinapig said: In an ideal world you would have a majority of non-execs. But we know Steve doesn't like being told he has got something wrong so that's a non-starter. Which pretty much leaves us with Jon holding the executive to account. Or not. Corporate governance is one of the game's many weaknesses though. Agreed, and again, it is one of the focusses of the recent Fan Led Review report, which I know you are familiar with. Hopefully pressure is coming to force this kind of stuff through. Again, If anyone reads this thread and thinks that it is yet another sign that reform is needed regarding the governance of football in England then please consider reading the following page of the Football Supporter's Association website, and perhaps sending the email they suggest to your MP. https://thefsa.org.uk/news/want-to-fix-football-heres-how-you-can-change-things/ If you aren't comfortable with writing this kind of email then please feel free to DM me. I'd be more than happy to review your email or otherwise help with anyone who wants to do this. 2 Quote Link to comment Share on other sites More sharing options...
Pezo Posted December 29, 2021 Share Posted December 29, 2021 7 minutes ago, ExiledAjax said: It's the duty of all the directors to run the company for the benefit of the shareholders. A NED is there to provide guidance to the execs, but ultimately they all have to act for the benefit of shareholders. Ultimately Steve Lansdown can appoint who he wants as director. Agreed, and again, it is one of the focusses of the recent Fan Led Review report, which I know you are familiar with. Hopefully pressure is coming to force this kind of stuff through. Again, If anyone reads this thread and thinks that it is yet another sign that reform is needed regarding the governance of football in England then please consider reading the following page of the Football Supporter's Association website, and perhaps sending the email they suggest to your MP. https://thefsa.org.uk/news/want-to-fix-football-heres-how-you-can-change-things/ If you aren't comfortable with writing this kind of email then please feel free to DM me. I'd be more than happy to review your email or otherwise help with anyone who wants to do this. I find fans on boards interesting, all I see from fans is we should buy more players, speculate to accumulate, get a striker ( the most expensive position and we already have one but he's not scoring). When it falls apart the fans say why did that happen - we shouldn't have wasted money on XYZ. Also haven't we already got a fan on the board in JL, that's worked out well. 3 Quote Link to comment Share on other sites More sharing options...
Davefevs Posted December 29, 2021 Share Posted December 29, 2021 56 minutes ago, Numero Uno said: I wonder if the fans who want us to change Manager every 6 months will give it a rest now? Pearson is here for the long haul and if you don’t like it don’t buy a ticket - that’s where we are. By the way, if you don’t like it ask yourself how many decent managers out there would touch us with a barge pole. Answer honestly………then the penny might drop. I guess with a reasonable appreciation of the financial situation over a period of time, it’s why I have given Nige more slack than many on here. I realised his hands were tied. I’m still a bit disappointed with some of the performances on the pitch, but I think I got my head around that the squad isn’t that great. I liked what I heard from Nige from his early days as temporary manager, in that he was treating it as if he was here for the duration and planning in the same vain. I think SL has got a proper “football man” in Nige at long last. Nige will spot the bluffers, and although I’m sure he doesn’t get into the nitty gritty of the accounts he got the picture and got it quickly. People bemoaning him not bringing in a striker (when he said he wanted one) now know why. He’s re-iterated this in the media interview yesterday. Managing expectations re loans and saying they’re either unproven or more expensive than what we have. As you say, anyone coming in last season and asking the right questions and getting honest answers would probably give us a swerve! I think Nige sees this as his last job in football, a chance to “do a Leicester”, or at least set us on the right path. If people like myself and others on this forum could see the financial situation looming, I’m pretty sure Mark Ashton could too….and he couldn’t wait to plan his escape route, whilst spinning out the rose-tinted stuff to SL. It’s criminal really! 53 minutes ago, Red Army 75 said: IMO we are lucky to have NP in charge of us at the moment . And refreshing to hear him talk so honestly about our situation and manage fan expectations Yep, boring old Nige….I like him. 35 minutes ago, The Bard said: 100% agree, We are up shit creek but we have a paddle in that the person in charge is completely realistic and has the skillset to see us through the 2 to 3 years it is going to take to reset the club to be a functioning, well run Championship club. Also happy that the CEO gets on with his job rather than using the role for his own ends. Think Nige would’ve preferred Adrian Bevington, but in Gould he has someone who will focus on the right things and not meddle in areas he isn’t expert in. The set-up probably needs a refresh in the overall recruitment set-up (Scouts, etc) but we can tick over this season and reflect on what is needed in the summer. 7 3 Quote Link to comment Share on other sites More sharing options...
ExiledAjax Posted December 29, 2021 Share Posted December 29, 2021 (edited) 12 minutes ago, Pezo said: I find fans on boards interesting, all I see from fans is we should buy more players, speculate to accumulate, get a striker ( the most expensive position and we already have one but he's not scoring). When it falls apart the fans say why did that happen - we shouldn't have wasted money on XYZ. Also haven't we already got a fan on the board in JL, that's worked out well. The Fan led review does not recommend that a 'fan director' be appointed to the board. Instead it recommends a shadow board. Transfers would not be one of the things that the shadow board would be consulted on, but they would be expected to be informed of "the club’s strategic vision and objectives and the short, medium and long-term business plans", which I would expect to include a broad overview of transfer strategy. Edit: Just to add that I don't think that JL should be on any of the boards of the four key Bristol City companies. Edited December 29, 2021 by ExiledAjax 3 1 Quote Link to comment Share on other sites More sharing options...
frenchred Posted December 29, 2021 Share Posted December 29, 2021 1 hour ago, Fordy62 said: You know as well as I do that the next time we’re defeated(I.e tomorrow) there’ll be a “Pearson Out” thread. And I can bet on who starts it too! Can I start one tonight because my god he's been shite! 2 Quote Link to comment Share on other sites More sharing options...
lenred Posted December 29, 2021 Share Posted December 29, 2021 1 hour ago, Numero Uno said: I wonder if the fans who want us to change Manager every 6 months will give it a rest now? Pearson is here for the long haul and if you don’t like it don’t buy a ticket - that’s where we are. By the way, if you don’t like it ask yourself how many decent managers out there would touch us with a barge pole. Answer honestly………then the penny might drop. Not sure a set of accounts will make much difference to the NP out brigade as anyone with half a brain has known we’re in deep for a good while now. 5 Quote Link to comment Share on other sites More sharing options...
BigAl&Toby Posted December 29, 2021 Share Posted December 29, 2021 6 hours ago, Port Said Red said: Judging by some of the keyboard warrior comments on this thread yes, it's easy. It's just that they would rather give someone who has actually done it, the benefit of their hindsight on how he should have spent it. Ouch. Nothing keyboard warrior from me. I just do not accept that he can be so successful in one aspect of his life and so utterly ******* clueless in another. Maybe he doesn’t have an ulterior motive. Maybe he is a modest philanthropist. Maybe he genuinely thinks he’s doing a great job. Maybe he thinks he’s leaving a legacy that everyone will remember him by. I happen not to think that. How can he **** it up so massively? And for what it’s worth I’ve met him and others who have met him professionally. He’s no fool. How can he be? He’s worth a fortune. But then if you know different and think he’s doing a great job then we’ll have to happily disagree. 1 Quote Link to comment Share on other sites More sharing options...
Pezo Posted December 29, 2021 Share Posted December 29, 2021 3 minutes ago, BigAl&Toby said: Ouch. Nothing keyboard warrior from me. I just do not accept that he can be so successful in one aspect of his life and so utterly ******* clueless in another. Maybe he doesn’t have an ulterior motive. Maybe he is a modest philanthropist. Maybe he genuinely thinks he’s doing a great job. Maybe he thinks he’s leaving a legacy that everyone will remember him by. I happen not to think that. How can he **** it up so massively? And for what it’s worth I’ve met him and others who have met him professionally. He’s no fool. How can he be? He’s worth a fortune. But then if you know different and think he’s doing a great job then we’ll have to happily disagree. I don't think any thinks he's doing a great job, he isn't doing any job, he is trying to enable other people to do a great job which they aren't for which he is picking up the tab. It could be worse he could be not picking up the tab. 3 Quote Link to comment Share on other sites More sharing options...
chinapig Posted December 29, 2021 Share Posted December 29, 2021 1 hour ago, Tin Soldier said: GT will get the chance to interview him at some stage for sure. He will but will even he be prepared to ask why he let Ashton run amok? And if he does ask will he get an honest answer? Or will Steve just repeat that it is his club and he'll do what he pleases? Quote Link to comment Share on other sites More sharing options...
eardun Posted December 29, 2021 Share Posted December 29, 2021 Presumably the finances also came into the decision regarding the removal of both Simpson and Downing; two more off the future wage bill. Quote Link to comment Share on other sites More sharing options...
cidered abroad Posted December 29, 2021 Share Posted December 29, 2021 3 hours ago, Davefevs said: If you look at my pic from the earlier post, you’ll see that this season is the last season we included the profit from 18/19. So when those accounts come out next year, we will from that point be reporting FFP in a cycle from 19/20 (50%), 20/21 (50% the accounts just published), 21/22 (this season) and 22//23 (next season). We have already cut wages. We have already cut amortisation…and this will continue to get lower. We have stopped buying players for stupid fees / wages and then not playing them. Player sales is the hard bit in this market @DavefevsWWould be grateful for clarification of above. The profit in 18/19 was what? Why only 50%? And what was the profit? What was loss for FFP in 19/20? Also at 50%? What will be the actual loss used for 20/21? £38 million or a lesser figure because of Covid? Sorry to appear dense. I did get Maths O level but that was 63 years ago! (More a cunning linguist as I speak English, French, Portuguese & German) 1 Quote Link to comment Share on other sites More sharing options...
Lanterne Rouge Posted December 29, 2021 Share Posted December 29, 2021 Would I be correct in thinking that: We are not in danger of failing FFP this season? We could be in danger of it next season if we don`t cut our cloth severely? We are a long way from going into admin? Is that about the gist of it? 3 Quote Link to comment Share on other sites More sharing options...
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