I think this justifies its own thread, as well as being in the other one:
I've just spoken to PB, who said the following:
1) the club voted in favour of the change. The principle reason why the club did is because since the original acceptable losses under FFP were agreed, the parachute payments for clubs being relegated from the PL have increased by c50%, thus dramatically penalising clubs without parachute payments. The club would have preferred the increase in acceptable losses not to have been as high as it turned out to be, but decided to vote in favour "for the greater good".
2) the acceptable loss next season will now be £13m, not the £5m it was previously agreed to be. He described the additional acceptable loss of £8m as "massive", which of course it is.
3) he declined to answer my question concerning whether TB would be prepared to fund a loss of as high as £13m next season (citing commercial sensitivity and the fact that the Board will need to discuss the outcome of today's meeting first - which is entirely reasonable. I was a bit cheeky asking, tbh) but stressed the following:
a) By agreeing to an increased acceptable loss, TB has the opportunity to fund losses of up to £13m next season if he is prepared to go that high.
b) the club's ambition remains to be promoted to the PL and the club's policy will continue to be to have a squad that is competitive.
c) the club took the decision to vote in favour, taking due cognisance of the possibility that, after promotion, we may, "God forbid" be relegated at some point thereafter.
4) rumours of TB becoming disinterested in the club or of intending to sell are "nonsense".
5) as previously stated, he expects the club to have met the FFP limit of £8m loss last season. Further, the club is "on track" to meet the maximum loss of £6m this season.
He reiterated his prior statements that he wishes to be as open with fans (yes, that was the word he used) as possible, hence agreeing to answer my questions.
He knows I'm making this post.
I've just spoken to PB, who said the following:
1) the club voted in favour of the change. The principle reason why the club did is because since the original acceptable losses under FFP were agreed, the parachute payments for clubs being relegated from the PL have increased by c50%, thus dramatically penalising clubs without parachute payments. The club would have preferred the increase in acceptable losses not to have been as high as it turned out to be, but decided to vote in favour "for the greater good".
2) the acceptable loss next season will now be £13m, not the £5m it was previously agreed to be. He described the additional acceptable loss of £8m as "massive", which of course it is.
3) he declined to answer my question concerning whether TB would be prepared to fund a loss of as high as £13m next season (citing commercial sensitivity and the fact that the Board will need to discuss the outcome of today's meeting first - which is entirely reasonable. I was a bit cheeky asking, tbh) but stressed the following:
a) By agreeing to an increased acceptable loss, TB has the opportunity to fund losses of up to £13m next season if he is prepared to go that high.
b) the club's ambition remains to be promoted to the PL and the club's policy will continue to be to have a squad that is competitive.
c) the club took the decision to vote in favour, taking due cognisance of the possibility that, after promotion, we may, "God forbid" be relegated at some point thereafter.
4) rumours of TB becoming disinterested in the club or of intending to sell are "nonsense".
5) as previously stated, he expects the club to have met the FFP limit of £8m loss last season. Further, the club is "on track" to meet the maximum loss of £6m this season.
He reiterated his prior statements that he wishes to be as open with fans (yes, that was the word he used) as possible, hence agreeing to answer my questions.
He knows I'm making this post.