| League 1 SCMP 07:05 - May 6 with 2335 views | Chocorange |
We may find it harder to recruit the new players we need than we had hoped.
Mentioned in Phil’s piece on Waggy , The league 1 SCMP means we have to adhere to 60% of turnover for salary costs.
The exceptions are players who signed a contract of longer than 3 seasons before relegation or players aged 20 or under on Jan 1st 2021.
Thanks to Evans and Lambert we blew the opportunity we had as a relegated team with less restrictions.
So with this in mind , it seems unlikely Edwards will be here, he may be offered a new contract but likely to be less than the one he signed when we were in the championship , so will be on his way. Unless Cook has decided he maybe worth keeping and Gwion wants to be part of it on lower pay.
For players coming in, this is going to make it tough to sign any players currently in the championship , that any Championship club has an interest in, as we will be outbid on salary.
No restriction on transfer costs in the rules.
but as far as I can see much more likely to be league 1 players coming in.
Hopefully though Ashton knows a few loopholes from his recruitment with Bristol City , and Cook will be an asset in attracting the right players in.
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| League 1 SCMP on 07:12 - May 6 with 2286 views | Vic |
You may be right.
My hope is that we’ll be able to attract the best any league one club can by virtue of the vision and momentum that’s gathering. The funding promised, the infrastructure being put in place show real intent and in Ashton we’ll have a CEO with decent negotiating skills. Plus we are a big club for this division. Put all these together and I really hope we’re in a better position than other clubs in this league in terms of future potential for a forward thinking player. |  |
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| League 1 SCMP on 07:23 - May 6 with 2224 views | Bluefish |
We should be thankful for scmp then |  |
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| League 1 SCMP on 07:24 - May 6 with 2236 views | EssexBloo |
My understanding is cash injections from owners seem to be included in the definition of turnover. So, if the Americans put £10m into the accounts then that’s a substantial advantage.
Given the ambition talked about and that we are recruiting staff from the league above I would be surprised if we aren’t competing with c’ship clubs for new signings. |  | | |
| League 1 SCMP on 07:24 - May 6 with 2228 views | el_nino |
Is there a way round this? For example offering a hefty promotion bonus? If a player buys into the project and is confident in success they may take the chance. |  | | |
| League 1 SCMP on 07:32 - May 6 with 2194 views | xrayspecs |
| League 1 SCMP on 07:24 - May 6 by EssexBloo |
My understanding is cash injections from owners seem to be included in the definition of turnover. So, if the Americans put £10m into the accounts then that’s a substantial advantage.
Given the ambition talked about and that we are recruiting staff from the league above I would be surprised if we aren’t competing with c’ship clubs for new signings. |
Correct.
Investments are counted as revenue, while loans are not. So, the current owners would be able to issue additional shares and 60% of the proceeds would count towards our salary cap. When they took over, the owners indicated that they were likely to issue new shares, so I suspect that this has already been considered.
I suspect we will be in the market for out of contract and potentially low fee championship players plus younger L1/L2 players who can be expected to move up a division or two. | | | |
| League 1 SCMP on 07:38 - May 6 with 2168 views | ketton_itfc |
I can see Town biggest sponsorship deal ever worth 8 figures by 3 Lions inc. Ghen they kindly donate the shirt sponsorship to a charity.
Job done! |  | | |
| League 1 SCMP on 09:38 - May 6 with 1992 views | ElderGrizzly |
There are many loopholes in this and the owners can increase 'revenue' through injections of equity (not loans) apparently.
It won't be a huge outlay, but there are certainly ways around this that weren't there while the £2.5m salary cap was in place. |  | | |
| League 1 SCMP on 09:42 - May 6 with 1975 views | Pinewoodblue |
| League 1 SCMP on 09:38 - May 6 by ElderGrizzly |
There are many loopholes in this and the owners can increase 'revenue' through injections of equity (not loans) apparently.
It won't be a huge outlay, but there are certainly ways around this that weren't there while the £2.5m salary cap was in place. |
Presumably, for this season, turnover will be based on the face value of season tickets, rather than the sum paid. |  |
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| League 1 SCMP on 09:43 - May 6 with 1968 views | tractorboy1978 |
| League 1 SCMP on 09:42 - May 6 by Pinewoodblue |
Presumably, for this season, turnover will be based on the face value of season tickets, rather than the sum paid. |
Correct. | | | |
| League 1 SCMP on 09:50 - May 6 with 1935 views | OsborneOneNil |
Handsome signing on fee may be another route. |  | | |
| League 1 SCMP on 10:36 - May 6 with 1833 views | HARRY10 |
| League 1 SCMP on 07:24 - May 6 by EssexBloo |
My understanding is cash injections from owners seem to be included in the definition of turnover. So, if the Americans put £10m into the accounts then that’s a substantial advantage.
Given the ambition talked about and that we are recruiting staff from the league above I would be surprised if we aren’t competing with c’ship clubs for new signings. |
The problem there is if it is not a loan (donation) then how do they get their money back, plus interest ?
As the moment any payment is made, that payment will be deemed a loan repayment ? | | | |
| League 1 SCMP on 10:39 - May 6 with 1812 views | bluefunk |
| League 1 SCMP on 10:36 - May 6 by HARRY10 |
The problem there is if it is not a loan (donation) then how do they get their money back, plus interest ?
As the moment any payment is made, that payment will be deemed a loan repayment ? |
Dividend on profits while they own the club, until the ultimate sale for more than they paid
Other scenarios are a ailable |  | | |
| League 1 SCMP on 14:35 - May 6 with 1703 views | HARRY10 |
| League 1 SCMP on 10:39 - May 6 by bluefunk |
Dividend on profits while they own the club, until the ultimate sale for more than they paid
Other scenarios are a ailable |
eh ?
How on earth are we going to make enough profit to cover the supposed donations
If the owners makes a donation of £10m, and our profit for the season is £10m plus - then returning it via dividends achieves what, and would it then not incur a tax liability ?
it should be borne in mind that Gamechanger only own 87.5% of Ipswich Town - and those putting up the money (ORG) only own 90% of that company.
So any dividends paid would have to be paid to the other 22.75% shareholders as well - and what kind of percentage return on that £10m would OMG be expecting ? | | | |
| League 1 SCMP on 14:39 - May 6 with 1662 views | xrayspecs |
| League 1 SCMP on 09:50 - May 6 by OsborneOneNil |
Handsome signing on fee may be another route. |
All monies that are paid to a player - salaries, signing on fees, bonuses, image rights, benefits in kind all count. | | | |
| League 1 SCMP on 14:41 - May 6 with 1647 views | tractorboy1978 |
| League 1 SCMP on 14:35 - May 6 by HARRY10 |
eh ?
How on earth are we going to make enough profit to cover the supposed donations
If the owners makes a donation of £10m, and our profit for the season is £10m plus - then returning it via dividends achieves what, and would it then not incur a tax liability ?
it should be borne in mind that Gamechanger only own 87.5% of Ipswich Town - and those putting up the money (ORG) only own 90% of that company.
So any dividends paid would have to be paid to the other 22.75% shareholders as well - and what kind of percentage return on that £10m would OMG be expecting ? |
They aren't going to be pulling money out of the club/seeing any return until they sell it is the short answer. | | | |
| League 1 SCMP on 14:41 - May 6 with 1647 views | xrayspecs |
| League 1 SCMP on 10:36 - May 6 by HARRY10 |
The problem there is if it is not a loan (donation) then how do they get their money back, plus interest ?
As the moment any payment is made, that payment will be deemed a loan repayment ? |
Their aim will be to sell the club for more than they have paid to date and any additional monies they invest each season while owners. | | | |
| League 1 SCMP on 15:03 - May 6 with 1579 views | HARRY10 |
| League 1 SCMP on 14:41 - May 6 by tractorboy1978 |
They aren't going to be pulling money out of the club/seeing any return until they sell it is the short answer. |
whereas Bluefunk has
"Dividend on profits while they own the club" | | | |
| League 1 SCMP on 15:12 - May 6 with 1551 views | TieDyedIn95 |
I was thinking the same thing. We'll be up against 3 teams fresh from the Championship without restrictions too. People think that this is going to be an overnight fix sadly, this is what comes from the over excitement of so much change in a short period but it's going to take us a while to get out of this division and put things right.
The money to spend might not be as restricted as when Evans ran the show but there are still regulations we need to comply with which won't let us buy a whole new team of Championship players in the summer and walk the league, which having looked at our Facebook groups seems to be what most are thinking is going to happen. When we get that 27 year old winger from Stenhousemuir with 3 goals in 80 games instead of exciting Championship players people are going to start to whinge. I think it'd be helpful for the owners to explain some of the restrictions to help fans understand that they can't just blow a ton of money on this right away. |  |
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| League 1 SCMP on 15:17 - May 6 with 1538 views | xrayspecs |
| League 1 SCMP on 15:03 - May 6 by HARRY10 |
whereas Bluefunk has
"Dividend on profits while they own the club" |
Bkuefunk is not wrong. It is possible for them to recoup some of their investment as dividends if we were to make a profit in any given season, say we sold one of our players for big bucks. You are right that dividends would also be paid to other share holders so not the most efficient way for them to get their money back.
Much more likely they will seek to sell for more than they have spent and plan to invest each season. | | | |
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