| What's the maximum we can spend on wages and transfer fees ? 19:01 - Aug 3 with 2310 views | Pippin1970 |
Under the ruling with Championship spending. |  | | |  |
| What's the maximum we can spend on wages and transfer fees ? on 19:25 - Aug 3 with 2264 views | jayessess |
We're allowed to make a £39m loss over a rolling 3 year period.
We don't know how big a loss we made in 2022-23, nor what revenues we'll have in 2023-24, so can't know exactly what the maximum we can spend on wage and transfer fees this season.
But we'll probably make something like £20-25m revenue this season, so with the loss could probably have £33-38m in permitted outgoings. But that'd include all the club's running costs too (matchday expenses, non-playing salaries, all the routine expenses you run up as a football club). [Post edited 4 Aug 2023 10:09]
|  |
| |
| What's the maximum we can spend on wages and transfer fees ? on 01:39 - Aug 4 with 2072 views | PhuketPete |
| What's the maximum we can spend on wages and transfer fees ? on 19:25 - Aug 3 by jayessess |
We're allowed to make a £39m loss over a rolling 3 year period.
We don't know how big a loss we made in 2022-23, nor what revenues we'll have in 2023-24, so can't know exactly what the maximum we can spend on wage and transfer fees this season.
But we'll probably make something like £20-25m revenue this season, so with the loss could probably have £33-38m in permitted outgoings. But that'd include all the club's running costs too (matchday expenses, non-playing salaries, all the routine expenses you run up as a football club). [Post edited 4 Aug 2023 10:09]
|
Good info but have you got your seasons
/years mixed up here? | | | |
| What's the maximum we can spend on wages and transfer fees ? on 03:59 - Aug 4 with 2037 views | LA_Tractor_Boy |
| What's the maximum we can spend on wages and transfer fees ? on 19:25 - Aug 3 by jayessess |
We're allowed to make a £39m loss over a rolling 3 year period.
We don't know how big a loss we made in 2022-23, nor what revenues we'll have in 2023-24, so can't know exactly what the maximum we can spend on wage and transfer fees this season.
But we'll probably make something like £20-25m revenue this season, so with the loss could probably have £33-38m in permitted outgoings. But that'd include all the club's running costs too (matchday expenses, non-playing salaries, all the routine expenses you run up as a football club). [Post edited 4 Aug 2023 10:09]
|
Also complicated because academy and infrastructure spend does not need to be included in that £39M loss.
So when GC reported a £12.6M loss for 2021-22, we don't know how much of that was infrastructure spend (dugouts, big screen etc).
The 2022-23 loss when it's announced will be huge if it includes all the work done to Portman Road and the training ground this summer. | | | |
| What's the maximum we can spend on wages and transfer fees ? on 07:10 - Aug 4 with 1969 views | ElephantintheRoom |
Limitless really. The franchise exists on borrowed money or ‘investment’ from an offshore pension fund to ‘add value’. There will be a five year plan in place to flog off some or all of the club at an inflated value to claw some of the vast expenditure back… but the wild west of English football has little financial control and the mirage of a pot of gold in the Prem for speculators ensures any financial rules will be blithely ignored as someone else’s problem down the line. The only real rider is how much money the pension fund managers are prepared to invest behind a bunch of chancers who are carrying no risk and think they have a winning lottery ticket bought with someone else’s money | |
| |
| What's the maximum we can spend on wages and transfer fees ? on 07:27 - Aug 4 with 1957 views | Churchman |
| What's the maximum we can spend on wages and transfer fees ? on 07:10 - Aug 4 by ElephantintheRoom |
Limitless really. The franchise exists on borrowed money or ‘investment’ from an offshore pension fund to ‘add value’. There will be a five year plan in place to flog off some or all of the club at an inflated value to claw some of the vast expenditure back… but the wild west of English football has little financial control and the mirage of a pot of gold in the Prem for speculators ensures any financial rules will be blithely ignored as someone else’s problem down the line. The only real rider is how much money the pension fund managers are prepared to invest behind a bunch of chancers who are carrying no risk and think they have a winning lottery ticket bought with someone else’s money |
Zzzz. Why bother?
So a straight question - which do you prefer: a club owned by an individual who was gradually starving it to extinction or the current version that has invested in every aspect of it? |  | | |
| What's the maximum we can spend on wages and transfer fees ? on 07:43 - Aug 4 with 1929 views | xrayspecs |
| What's the maximum we can spend on wages and transfer fees ? on 03:59 - Aug 4 by LA_Tractor_Boy |
Also complicated because academy and infrastructure spend does not need to be included in that £39M loss.
So when GC reported a £12.6M loss for 2021-22, we don't know how much of that was infrastructure spend (dugouts, big screen etc).
The 2022-23 loss when it's announced will be huge if it includes all the work done to Portman Road and the training ground this summer. |
None of the infrastructure investment is in the £13m operating expense loss announced by the club. Those expenditures are accounted for on the balance sheet instead.
We made close to £13m loss in 21/22. Would expect similar last season after significant investment in players and salaries. We will have circa £10m extra revenue this season but our scope to go all in and stay within FFP is severely limited.
It is why we are shopping in the £1-2m shop ad not the £5m (Trusty, Simms) shop. | | | |
| What's the maximum we can spend on wages and transfer fees ? on 07:48 - Aug 4 with 1916 views | ITFCBlues |
| What's the maximum we can spend on wages and transfer fees ? on 07:43 - Aug 4 by xrayspecs |
None of the infrastructure investment is in the £13m operating expense loss announced by the club. Those expenditures are accounted for on the balance sheet instead.
We made close to £13m loss in 21/22. Would expect similar last season after significant investment in players and salaries. We will have circa £10m extra revenue this season but our scope to go all in and stay within FFP is severely limited.
It is why we are shopping in the £1-2m shop ad not the £5m (Trusty, Simms) shop. |
Losses on player spend don't count in L1 I believe? The 3 year period only starts from July I think. |  |
| |
| What's the maximum we can spend on wages and transfer fees ? on 08:01 - Aug 4 with 1871 views | Metal_Hacker |
| What's the maximum we can spend on wages and transfer fees ? on 07:10 - Aug 4 by ElephantintheRoom |
Limitless really. The franchise exists on borrowed money or ‘investment’ from an offshore pension fund to ‘add value’. There will be a five year plan in place to flog off some or all of the club at an inflated value to claw some of the vast expenditure back… but the wild west of English football has little financial control and the mirage of a pot of gold in the Prem for speculators ensures any financial rules will be blithely ignored as someone else’s problem down the line. The only real rider is how much money the pension fund managers are prepared to invest behind a bunch of chancers who are carrying no risk and think they have a winning lottery ticket bought with someone else’s money |
What a boring existence you must have looking for a thread to throw more misery and negativity on
Seriously , what a dull existence
Feel quite sorry for you to be fair - if you need someone to talk to feel free to DM me babe |  |
| |
Login to get fewer ads
| What's the maximum we can spend on wages and transfer fees ? on 08:04 - Aug 4 with 1864 views | xrayspecs |
| What's the maximum we can spend on wages and transfer fees ? on 07:48 - Aug 4 by ITFCBlues |
Losses on player spend don't count in L1 I believe? The 3 year period only starts from July I think. |
No. Losses for 21/2 and 22/3 count, it is a three year rolling total, irrespective of division. | | | |
| What's the maximum we can spend on wages and transfer fees ? on 08:07 - Aug 4 with 1848 views | GeoffSentence |
| What's the maximum we can spend on wages and transfer fees ? on 08:01 - Aug 4 by Metal_Hacker |
What a boring existence you must have looking for a thread to throw more misery and negativity on
Seriously , what a dull existence
Feel quite sorry for you to be fair - if you need someone to talk to feel free to DM me babe |
Come on, be fair, we all have to get our kicks somehow. |  |
| |
| What's the maximum we can spend on wages and transfer fees ? on 08:10 - Aug 4 with 1824 views | Metal_Hacker |
| What's the maximum we can spend on wages and transfer fees ? on 08:07 - Aug 4 by GeoffSentence |
Come on, be fair, we all have to get our kicks somehow. |
Fair enough but unlike mine (lose women , guitars and a pint of Guinness) EitR's seems to be quite mundane bless him | |
| |
| What's the maximum we can spend on wages and transfer fees ? on 08:17 - Aug 4 with 1794 views | GeoffSentence |
| What's the maximum we can spend on wages and transfer fees ? on 08:10 - Aug 4 by Metal_Hacker |
Fair enough but unlike mine (lose women , guitars and a pint of Guinness) EitR's seems to be quite mundane bless him |
I'm never sure whether to be amused or infuriated by Eitr's ramblings. Going with amused, or bemused, generally works better.
As for all your lost stuff, have tried looking down the back of the sofa. | |
| |
| What's the maximum we can spend on wages and transfer fees ? on 08:50 - Aug 4 with 1734 views | SuperKieranMcKenna |
| What's the maximum we can spend on wages and transfer fees ? on 07:10 - Aug 4 by ElephantintheRoom |
Limitless really. The franchise exists on borrowed money or ‘investment’ from an offshore pension fund to ‘add value’. There will be a five year plan in place to flog off some or all of the club at an inflated value to claw some of the vast expenditure back… but the wild west of English football has little financial control and the mirage of a pot of gold in the Prem for speculators ensures any financial rules will be blithely ignored as someone else’s problem down the line. The only real rider is how much money the pension fund managers are prepared to invest behind a bunch of chancers who are carrying no risk and think they have a winning lottery ticket bought with someone else’s money |
“ The franchise exists on borrowed money or ‘investment’ from an offshore pension fund to ‘add value’. There will be a five year plan in place to flog off some or all of the club at an inflated value to claw some of the vast expenditure back… ”
I don’t know why, but I’ll take the bait. Relentless, depressing misery aside, that’s actually a load of b0llocks anyway. How is ‘adding value’ to something a negative thing, perhaps you’d rather your pension pot was reduced so that no foreign investment was included? Gamechanger have been honest and open about their plans to increase the value of the club, and so far they’ve more than backed that up.
But the opposite of investment was apparent under Evans, he had us in terminal decline racking up more and more debt. The more likely outcome would have seen us slide further down the ladder, and perhaps when he decided to draw a line under the losses , sold for a quid and asset stripped. Maybe you’d be happy then.
I’ve probably wasted 5 minutes of my life, and you’ll no doubt be back with your boring ‘franchise’ catch phrase later on. | | | |
| What's the maximum we can spend on wages and transfer fees ? on 08:51 - Aug 4 with 1717 views | ElephantintheRoom |
| What's the maximum we can spend on wages and transfer fees ? on 07:27 - Aug 4 by Churchman |
Zzzz. Why bother?
So a straight question - which do you prefer: a club owned by an individual who was gradually starving it to extinction or the current version that has invested in every aspect of it? |
Neither really - both are embarrassing situations for a small town football club to find itself in through gross mismanagement.
I’d remind you that the individual probably still owns more of the club than any of the three alleged ‘owners’ and will make more money when the ‘added value’ is sold than he paid for the club after it destroyed itself.
Odd is it not that ‘starving to extinction’ and ‘investing in every aspect of the club’ both seem to lose circa £10 million a year… and if we believe the figures losing £10 million a year for a decade and getting relegated to the third division ‘adds value’ | |
| |
| What's the maximum we can spend on wages and transfer fees ? on 09:01 - Aug 4 with 1693 views | GeoffSentence |
| What's the maximum we can spend on wages and transfer fees ? on 08:51 - Aug 4 by ElephantintheRoom |
Neither really - both are embarrassing situations for a small town football club to find itself in through gross mismanagement.
I’d remind you that the individual probably still owns more of the club than any of the three alleged ‘owners’ and will make more money when the ‘added value’ is sold than he paid for the club after it destroyed itself.
Odd is it not that ‘starving to extinction’ and ‘investing in every aspect of the club’ both seem to lose circa £10 million a year… and if we believe the figures losing £10 million a year for a decade and getting relegated to the third division ‘adds value’ |
Would it be fair to say that you would like to see the club run sustainably, i.e spending no more than we bring as income?
That would be a noble aim, but in this day and age it also means that we would be consigned to lower league football for eternity.
To get to that sustainable point, you need to be in the big leagues where the income is and getting there is difficult. Sometimes you have to speculate to accumulate. We are in a sort of speculating phase now, though a well managed, well thought through form of speculation rather than bare gamble.
I, like I think most people on here, look at this as football fans not as accountants or auditors and am delighted with how things are going. | |
| |
| What's the maximum we can spend on wages and transfer fees ? on 10:08 - Aug 4 with 1602 views | jayessess |
| What's the maximum we can spend on wages and transfer fees ? on 01:39 - Aug 4 by PhuketPete |
Good info but have you got your seasons
/years mixed up here? |
yeah, you're right, gone back one. | |
| |
| What's the maximum we can spend on wages and transfer fees ? on 11:12 - Aug 4 with 1470 views | Alberto_the_frog |
| What's the maximum we can spend on wages and transfer fees ? on 09:01 - Aug 4 by GeoffSentence |
Would it be fair to say that you would like to see the club run sustainably, i.e spending no more than we bring as income?
That would be a noble aim, but in this day and age it also means that we would be consigned to lower league football for eternity.
To get to that sustainable point, you need to be in the big leagues where the income is and getting there is difficult. Sometimes you have to speculate to accumulate. We are in a sort of speculating phase now, though a well managed, well thought through form of speculation rather than bare gamble.
I, like I think most people on here, look at this as football fans not as accountants or auditors and am delighted with how things are going. |
I would certainly like us to be run sustainably. I suppose for now I'll be content with not falling foul of FFP rules, though. I struggle to understand how an industry can survive when all but a very few businesses are always losing money. It does concern me that at some point all this money has to be recouped, as there is not an endless stream of investors hoping they will be the lucky ones to cash in - certainly not of investors tarnished by dubious ethics. |  | | |
| What's the maximum we can spend on wages and transfer fees ? on 11:23 - Aug 4 with 1434 views | jayessess |
| What's the maximum we can spend on wages and transfer fees ? on 11:12 - Aug 4 by Alberto_the_frog |
I would certainly like us to be run sustainably. I suppose for now I'll be content with not falling foul of FFP rules, though. I struggle to understand how an industry can survive when all but a very few businesses are always losing money. It does concern me that at some point all this money has to be recouped, as there is not an endless stream of investors hoping they will be the lucky ones to cash in - certainly not of investors tarnished by dubious ethics. |
The profit for the moment seems to be in the value of the clubs - that one day it'll be worth much more than you paid for it.
Which seems a bit pyramid-schemey to me, requires another schmuck to come along and buy the thing. | |
| |
| What's the maximum we can spend on wages and transfer fees ? on 11:33 - Aug 4 with 1399 views | Dyland |
| What's the maximum we can spend on wages and transfer fees ? on 11:12 - Aug 4 by Alberto_the_frog |
I would certainly like us to be run sustainably. I suppose for now I'll be content with not falling foul of FFP rules, though. I struggle to understand how an industry can survive when all but a very few businesses are always losing money. It does concern me that at some point all this money has to be recouped, as there is not an endless stream of investors hoping they will be the lucky ones to cash in - certainly not of investors tarnished by dubious ethics. |
Because the football club is not the owner/s' sole business or source of revenue.
That in itself makes the industry both what it is and what it should not be. If you see what I mean.
Here we are though. I have a lot of respect for much of Nerdy's observations and you have to take it with a pinch of salt, wrapped as they are in a polemic blanket woven with hyperbole. However they are kind of academic, with wistful roots in bygone times. I.e. wasn't it fookin wicked when the Cobbolds ran things and Bobbers was here. And yes... yes it was :) |  |
| |
| What's the maximum we can spend on wages and transfer fees ? on 11:36 - Aug 4 with 1391 views | hype313 |
| What's the maximum we can spend on wages and transfer fees ? on 07:10 - Aug 4 by ElephantintheRoom |
Limitless really. The franchise exists on borrowed money or ‘investment’ from an offshore pension fund to ‘add value’. There will be a five year plan in place to flog off some or all of the club at an inflated value to claw some of the vast expenditure back… but the wild west of English football has little financial control and the mirage of a pot of gold in the Prem for speculators ensures any financial rules will be blithely ignored as someone else’s problem down the line. The only real rider is how much money the pension fund managers are prepared to invest behind a bunch of chancers who are carrying no risk and think they have a winning lottery ticket bought with someone else’s money |
I can't be arsed |  |
| |
| What's the maximum we can spend on wages and transfer fees ? on 11:42 - Aug 4 with 1348 views | Metal_Hacker |
| What's the maximum we can spend on wages and transfer fees ? on 11:12 - Aug 4 by Alberto_the_frog |
I would certainly like us to be run sustainably. I suppose for now I'll be content with not falling foul of FFP rules, though. I struggle to understand how an industry can survive when all but a very few businesses are always losing money. It does concern me that at some point all this money has to be recouped, as there is not an endless stream of investors hoping they will be the lucky ones to cash in - certainly not of investors tarnished by dubious ethics. |
I'd suggest sport , let alone football isn't for you then | |
| |
| What's the maximum we can spend on wages and transfer fees ? on 20:09 - Aug 4 with 1159 views | Alberto_the_frog |
| What's the maximum we can spend on wages and transfer fees ? on 11:42 - Aug 4 by Metal_Hacker |
I'd suggest sport , let alone football isn't for you then |
Well, I certainly won't be investing. However, I won't stop supporting Ipswich unless they eventually get taken over by, e.g., Saudis, Chinese or Russians. | | | |
| |
By continuing to use the site, you agree to our use of cookies and to abide by our Terms and Conditions.
