The Albion posts losses of £14.7m

[Barrel of Fun]

Yup. Support Peterborough, Leyton Orient or similar.

Indeed. I'd be quite tempted to. The Albion have gone beyond what I want from supporting a club.

I thought I would be a permanent fixture of Amex, but the whole thing doesn't make me excited anymore. Do I want to pay top dollar to offset a loss, a loss that is making 30 odd players exceedingly rich (in relative terms) for a minimum output?

Do I want to contribute to the wages of say, Ryan Harley (or others), who clearly couldn't be bothered. It's not even about effort. You could argue that footballers create an economy and money is spent all over the place as a result, but do I feel comfortable contributing and giving Average Joe Striker a charmed existence because he can kick a ball around for 90 minutes every week?

I know there are lots of arguments entailed in that. Tennis players, film stars, bankers and so on, but it feels as though the mediocre are being rewarded. Why does YaYa (the real one, not Ince) need £300k a week after tax? What good reason does he need that?

 

[Golfboy]

Palace were sent into admin for much smaller losses than this.

 

[portlock seagull]

3 things:

1. I wouldn't worry too much everyone - football finances are unfathomable and most on here are trying to make sense using everyday household budgeting logic. And that's where you'll go wrong. Immediately. No clubs return profits. Ever. And I don't expect FFP will change that either.

2. What's the 80/20 here? Players wages - so that's where we'll claw back costs pretty quickly I guess I.e. next couple seasons.

3. If still worried, stick The Cults she sells sanctuary on - the world instantly becomes a better place and we become INVINCIBLE!

 

[Thunder Bolt]

Nope. £20k.

Papers = incorrect.

We were told consistently that we were only paying 10% of his wage ie £10K. I'm not doubting you, but would like to know where the figure of £20K comes from.

 

[Mancgull]

What this shows me, and I'm sure it's been said somewhere else on this thread but I can't be bothered to read it all, is that we backed Gus massively last season. So, if you were TB and you've put your hand in your pocket,again, to deliver Leo, Wayne Bridge, etc you would expect Gus to commit to the full season. I expect the conversation might have gone something like the following at the start of last season; GP 'I'm an ambitious man Tony. I want to manage in the Premiership'. TB 'ok Gus. We respect that and so what we'll do this season is really back you financially. You tell us what players you want including a centre forward and I'll back you. You can make the Premiership with us'
TB then does just that.
If GP had gone to the end of the season fully committed and we'd have just lost out, had an end of season heart to heart with TB and asked to leave saying 'I gave it my best shot Tony. We didn't do it but I gave it a go. I haven't got the stomach for another go and I think I could get a chance with another club' then we would have all been sad but probably ok with how Gus had dealt with it all.
Instead, he didn't, it appears. He had his head turned in March and wanted out, on his terms.

Now we are having to deal with the fall out and 'cut our cloth' accordingly. It's where we are and we aren't going to gamble again. We are building for the future with an amazing training facility which will bring our longer term results.

It's not good for those who want instant gratification but I'd take our management of the whole last 12 months as a reassuring sign that this club has good people in charge.

 

[Mackenzie]

Palace were sent into admin for much smaller losses than this.

Difference is that we continue to pay our bills in full, and not rip off organisations like the St John's Ambulance.

Crawl back under your stone.

 

[Creaky]

Happy to help, [MENTION=27275]Creaky[/MENTION].


Football League Financial Fair Play: Domestic League Regulation

Page 3: Spirit of the Rules

"It appears the FL has drafted general anti-evasion provisions to ensure clubs comply with the spirit of the regulations. Interestingly, there is a specific provision in the regulations which aims to ensure that clubs . . . . . . . . . . . "

IF Warwick are correct that the FL have drafted such provisions I haven't seen them published - maybe they are still in draft form or maybe appearances can be deceptive.

 

[portlock seagull]

Indeed. I'd be quite tempted to. The Albion have gone beyond what I want from supporting a club.

I thought I would be a permanent fixture of Amex, but the whole thing doesn't make me excited anymore. Do I want to pay top dollar to offset a loss, a loss that is making 30 odd players exceedingly rich (in relative terms) for a minimum output?

Do I want to contribute to the wages of say, Ryan Harley (or others), who clearly couldn't be bothered. It's not even about effort. You could argue that footballers create an economy and money is spent all over the place as a result, but do I feel comfortable contributing and giving Average Joe Striker a charmed existence because he can kick a ball around for 90 minutes every week?

I know there are lots of arguments entailed in that. Tennis players, film stars, bankers and so on, but it feels as though the mediocre are being rewarded. Why does YaYa (the real one, not Ince) need £300k a week after tax? What good reason does he need that?

I think you've just realised that there are more important things in life and football is just a crazy as most of the entertainment world is. That and you're older and wiser. Nothing wrong with any of this, cut back but don't cut out - for one reason you can't! Keep the faith...with a pinch of salt

 

[ofco8]

10 minutes and this will be all over BBS.

Except that we pay our debts and don't shaft local traders.

 

[Beach Hut]

I suspect it has been posted but this is probably the damning evidence to hike ST prices so clever timing by the club.

 

[portlock seagull]

I suspect it has been posted but this is probably the damning evidence to hike ST prices so clever timing by the club.

Here comes the conspiracy theorist everyone...page 16. What took so long?!!

 

[Rich Suvner]

A few things that concern me

1) with some of the highest ticket prices and attendances our championship revenues are extremely high
2) despite this our operational costs are 74% of our turnover
3) player salaries at this level are out of control

How much can the club realistically do about number 2 whilst number 3 shows no signs of reducing. Oh that leaves number 1 then........

Football is indeed a mess

I can think of three sets of admin costs that would be specific to this year

1) redundancies as outlined
2) legal fees to cancel catering contract
3) planning consultancy fees for ground improvements and training facility

Imagine these account for a fair whack.

 

[Golfboy]

Difference is that we continue to pay our bills in full, and not rip off organisations like the St John's Ambulance.

Crawl back under your stone.

I think the fans paid them.

I'm not a financial expert but isn't admin forced on a club by external factors?

If for example, your sugar daddy had had enough, then you would also be 'shafting local traders'.

 

[Bozza]

I suspect it has been posted but this is probably the damning evidence to hike ST prices so clever timing by the club.

Season tickets will not be hiked if I understand 'hiked' to mean a very large rise.

 

[ArfurW8]

I think the fans paid them.

I'm not a financial expert but isn't admin forced on a club by external factors?

If for example, your sugar daddy had had enough, then you would also be 'shafting local traders'.

The difference is that Simon Jordan racked up debts and could or would not pay them.

Tony Bloom pays his bills.

No sign of him shafting anybody yet.

 

[Bry Nylon]

Indeed. I'd be quite tempted to. The Albion have gone beyond what I want from supporting a club.

I thought I would be a permanent fixture of Amex, but the whole thing doesn't make me excited anymore. Do I want to pay top dollar to offset a loss, a loss that is making 30 odd players exceedingly rich (in relative terms) for a minimum output?

Do I want to contribute to the wages of say, Ryan Harley (or others), who clearly couldn't be bothered. It's not even about effort. You could argue that footballers create an economy and money is spent all over the place as a result, but do I feel comfortable contributing and giving Average Joe Striker a charmed existence because he can kick a ball around for 90 minutes every week?

I know there are lots of arguments entailed in that. Tennis players, film stars, bankers and so on, but it feels as though the mediocre are being rewarded. Why does YaYa (the real one, not Ince) need £300k a week after tax? What good reason does he need that?

I'm with you on this one BoF. It's just so much horseshit and frankly I have neither the time or the inclination to even begin to bother understanding it. When finances begin to assume the same proportion of importance as what happens on the pitch for ordinary fans, for me that is the time to re-think. I'd always thought that when / if my kids ever asked to go to a live game I'd be bringing them to Brighton. That's what my dad did when I asked. But if they ask me now I'll take them to Cambridge Utd or similar instead.

 

[Lady Whistledown]

Season tickets will not be hiked if I understand 'hiked' to mean a very large rise.

So a small rise then.

 

[Worthingite]

I think it was on one of these types of threads this was ask, but I never remember seeing an answer: Suppose Club A designated a row of 10 of the best seats in the house "Platinum Seats", and it included everything a billionaire owner could wish for, and charged, say, £15 million per seat per season, how would that affect FFP if you had an unscrupulous chairman who was willing to "buy" those seats in someone elses name? Could anyone stop it?!?!?

 

[greyseagull]

So a small rise then.

That's the story of my life

 

[Lady Whistledown]

That's the story of my life

Better than no rise at all, in many cases.