 | News
Comment | Deal for Posh Pair Falls Through
at 01:04:28
Lennyboy before you moan about the 'smartasses'on here going on about football finance, i would like to remind you that the club is close to £66 million in debt so a good whack of your ticket money probably goes to servicing the interest on that to mr evans? (hopefully even you can see that is a big hole we have dug ourselves)
And coolpooper i think you'll find that sheepshanks and his deals took the club in admistration twice and cost local businesses a lot of money and the local people their jobs!
like it or loath it there is not a bottomless pit of moneny, evans let Keane and Magilton invest his money and they wasted and we are now like the Greece of the championship sailing the good ship austerity with our wage structure! |
| News
Comment | Deal for Posh Pair Falls Through
at 12:56:16
In reponse to posters that keep saying that Marcus Evans can simply find away around the FFP rules, its not that easy because of the accounting rules in place!
Only actual football-related expenditure (a club's outgoings in transfers and wages) will be counted over income from gate receipts, TV revenue, advertising, merchandising, sales of players and prize money are booked in the break even accounting rules.
Anything like playing £10m for an advertising board or £100m for staduim naming rights is subject to 'fair value' in terms of accounting (a basic example is that if you get 11 bids on a house and 10 of them are for £100k and one one is for £500k the 'market value' is £500k the 'fair value' is £100k and this is the one that will count towards the clubs accounts (and fair value is determined by uefa on the value of the asset for clubs of a similar size not on the number of bids in this case.) for example the £400m Man City stadium naming rights is widely expect to fall foul of this rule and put a major dent in their FFP planning.
in short marcus evans can spend as much as he likes on a training ground or on building our own version of the Nou Camp just outside of ipwich but other than a personal allowance in somewhere of £3m he cannot simply throw money at the club for us to invest in players and wages...
I recomend the swiss ramble blog for those interested in the debt ridden world of football finances
http://swissramble.blogspot.co.uk/ |
| Blog
Comment | [Blog] FFP + Low Attendance = Mid-Table
at 12:56:16
In reponse to posters that keep saying that Marcus Evans can simply find away around the FFP rules, its not that easy because of the accounting rules in place!
Only actual football-related expenditure (a club’s outgoings in transfers and wages) will be counted over income from gate receipts, TV revenue, advertising, merchandising, sales of players and prize money are booked in the break even accounting rules.
Anything like playing £10m for an advertising board or £100m for staduim naming rights is subject to 'fair value' in terms of accounting (a basic example is that if you get 11 bids on a house and 10 of them are for £100k and one one is for £500k the 'market value' is £500k the 'fair value' is £100k and this is the one that will count towards the clubs accounts (and fair value is determined by uefa on the value of the asset for clubs of a similar size not on the number of bids in this case.) for example the £400m Man City stadium naming rights is widely expect to fall foul of this rule and put a major dent in their FFP planning.
in short marcus evans can spend as much as he likes on a training ground or on building our own version of the Nou Camp just outside of ipwich but other than a personal allowance in somewhere of £3m he cannot simply throw money at the club for us to invest in players and wages...
I recomend the swiss ramble blog for those interested in the debt ridden world of football finances
http://swissramble.blogspot.co.uk/ |
| | FinidiGeorgesNo1Fan
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