| “Ipswich if they hadn’t gone up would’ve been in hot water….” 00:06 - Aug 8 with 6272 views | Matt_Netherlands |
I assume he is talking garbage? Even the interviewer laughs…
Is there any truth to that at all though? I don’t think we spent above our permitted level last season?! Not at all.
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| “Ipswich if they hadn’t gone up would’ve been in hot water….” on 00:14 - Aug 8 with 5644 views | Reus30 |
Talking bs and sounds like a deflection of why Huddersfield won't be spending money.
He doesn't know what he is talking about. |  | | |
| “Ipswich if they hadn’t gone up would’ve been in hot water….” on 00:18 - Aug 8 with 5614 views | J2BLUE |
Sounds like another one who assumes we spent big without looking too closely. |  |
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| “Ipswich if they hadn’t gone up would’ve been in hot water….” on 00:23 - Aug 8 with 5560 views | berkstractorboy |
How does he actually know,just sweeping assumptions. But we never spent fortunes that he claims! I wouldn't want to be Birmingham then as following his logic looking at what they ave spent they will be in big trouble if thy don't do the double promotion!!! |  | | |
| “Ipswich if they hadn’t gone up would’ve been in hot water….” on 06:10 - Aug 8 with 4992 views | ElephantintheRoom |
Somewhat academic as the franchise took the opportunity to money dope their way out of the throes division when it was in a moribund post-covid state. A gamble well worth taking.
Plymouth went up by living within their means - but the main opposition were a destitué Bolton, Sheff Wed and Derby who couldn’t assemble a vast pool of players and toss away well over £1 million a month. | |
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| “Ipswich if they hadn’t gone up would’ve been in hot water….” on 06:15 - Aug 8 with 4983 views | homer_123 |
| “Ipswich if they hadn’t gone up would’ve been in hot water….” on 06:10 - Aug 8 by ElephantintheRoom |
Somewhat academic as the franchise took the opportunity to money dope their way out of the throes division when it was in a moribund post-covid state. A gamble well worth taking.
Plymouth went up by living within their means - but the main opposition were a destitué Bolton, Sheff Wed and Derby who couldn’t assemble a vast pool of players and toss away well over £1 million a month. |
Morning gorgeous - I see you got out the right side of bed today. |  |
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| “Ipswich if they hadn’t gone up would’ve been in hot water….” on 06:16 - Aug 8 with 4982 views | homer_123 |
Interesting that he didn't want to expand on a couple of points in that interview.... | |
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| “Ipswich if they hadn’t gone up would’ve been in hot water….” on 06:43 - Aug 8 with 4811 views | RIPbobby |
Surely the rules still apply if you are promoted or not. Confused? |  | | |
| “Ipswich if they hadn’t gone up would’ve been in hot water….” on 06:55 - Aug 8 with 4743 views | SheffordBlue |
No one will really know until our last seasons accounts are released. We were transparent on our previous years accounts and included our FFP calculation in them (which we didn't have to do).
It may well have been the case that if we'd have had to sell Leif if we hadn't gone up to balance the books. | |
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| “Ipswich if they hadn’t gone up would’ve been in hot water….” on 07:06 - Aug 8 with 4619 views | bluestandard |
| “Ipswich if they hadn’t gone up would’ve been in hot water….” on 06:55 - Aug 8 by SheffordBlue |
No one will really know until our last seasons accounts are released. We were transparent on our previous years accounts and included our FFP calculation in them (which we didn't have to do).
It may well have been the case that if we'd have had to sell Leif if we hadn't gone up to balance the books. |
I think you’ve included the key piece here which is that our last accounts covering our time in league 1 clearly showed that there was headroom in the FFP calculation. You’ve said we won’t know until this years accounts are released, but Huddersfield CEO is arguing that it was our spending league 1 spending (and specifically unlimited owner equity injections) that would have seen us in hot water if we hadn’t got promoted again. The FFP calculation shows that to be BS. | | | |
| “Ipswich if they hadn’t gone up would’ve been in hot water….” on 07:22 - Aug 8 with 4431 views | SheffordBlue |
| “Ipswich if they hadn’t gone up would’ve been in hot water….” on 07:06 - Aug 8 by bluestandard |
I think you’ve included the key piece here which is that our last accounts covering our time in league 1 clearly showed that there was headroom in the FFP calculation. You’ve said we won’t know until this years accounts are released, but Huddersfield CEO is arguing that it was our spending league 1 spending (and specifically unlimited owner equity injections) that would have seen us in hot water if we hadn’t got promoted again. The FFP calculation shows that to be BS. |
I think I'm right in saying that the FFP calculation is a rolling 3 year period so while there was headroom in that set of accounts then last seasons accounts would have seen one of the earlier League One seasons (pre-takeover) drop off.
Our spending did increase significantly in the two League One seasons after the takeover and the Championship season so we might not have had much headroom left at all. I've got every faith in Ashton, etc to balance the books but we might have had to sell our key asset to do that. | |
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| “Ipswich if they hadn’t gone up would’ve been in hot water….” on 07:48 - Aug 8 with 4224 views | bobbyramsey |
So, he knows all the in's and out's of Ipswich Towns accounts and everybody at Ipswich is incompetent?
Ok mate..... |  | | |
| “Ipswich if they hadn’t gone up would’ve been in hot water….” on 08:16 - Aug 8 with 3993 views | BloomBlue |
Well surely he can see the accounts as anyone can as they're published every year.
Same as when Kieran Maguire publishes figures on club A or B need to sell players to hit financial rules, how does he know. He knows because he analyses the data the clubs have to publish by law.
Bit like when fans will say, 'don't offer more than £6m for SS because Blackburn owners are desperate for money' how do they know
Not saying this individual has analysed Ipswich data in detail, but people within football will know the financial situation of many clubs. I'm sure Ashton will know which clubs need the cash and which don't. |  | | |
| “Ipswich if they hadn’t gone up would’ve been in hot water….” on 08:18 - Aug 8 with 3952 views | JakeITFC |
I don’t think it’s right about us being in too much trouble (but probably would have required sales to buy), but I think the overall point is fair - it’s ridiculous that you have such different mechanisms for the championship and league one that can lead to this situation (and also that those promoted to the Premier League are hamstrung by the allowable losses rule which leaves them at a competitive disadvantage).
It’s great that we have rules to stop teams going broke but ultimately they aren’t doing that and are instead stifling competition. |  | | |
| “Ipswich if they hadn’t gone up would’ve been in hot water….” on 08:24 - Aug 8 with 3835 views | bluestandard |
| “Ipswich if they hadn’t gone up would’ve been in hot water….” on 07:22 - Aug 8 by SheffordBlue |
I think I'm right in saying that the FFP calculation is a rolling 3 year period so while there was headroom in that set of accounts then last seasons accounts would have seen one of the earlier League One seasons (pre-takeover) drop off.
Our spending did increase significantly in the two League One seasons after the takeover and the Championship season so we might not have had much headroom left at all. I've got every faith in Ashton, etc to balance the books but we might have had to sell our key asset to do that. |
Yes agreed we might have had to sell in order to further invest in the squad, but thats the same for most/all championship clubs and hardly equates to 'hot water'. The implication is that without the benefit of promotion monies ie over £150m, we would have been in line for points deductions (thats what I would understand as 'hot water'). | | | |
| “Ipswich if they hadn’t gone up would’ve been in hot water….” on 08:25 - Aug 8 with 3836 views | SmithersJones |
| “Ipswich if they hadn’t gone up would’ve been in hot water….” on 07:22 - Aug 8 by SheffordBlue |
I think I'm right in saying that the FFP calculation is a rolling 3 year period so while there was headroom in that set of accounts then last seasons accounts would have seen one of the earlier League One seasons (pre-takeover) drop off.
Our spending did increase significantly in the two League One seasons after the takeover and the Championship season so we might not have had much headroom left at all. I've got every faith in Ashton, etc to balance the books but we might have had to sell our key asset to do that. |
You’re right it’s a rolling three year period but the FFP headroom calculation shown in our 22/23 accounts was for that season only. | | | |
| “Ipswich if they hadn’t gone up would’ve been in hot water….” on 09:01 - Aug 8 with 3531 views | berkstractorboy |
| “Ipswich if they hadn’t gone up would’ve been in hot water….” on 06:43 - Aug 8 by RIPbobby |
Surely the rules still apply if you are promoted or not. Confused? |
Different rules in Champ to L1 as the Huddersfield guy alluded to. Basically the £39M losses over 3 seasons doesn't apply in L1, but when you go up those losses get carried into Champ. He's trying to suggest that if we hadn't been promoted last season, the last 3 seasons which was 2 in L1 and 1 in Champ would have been used to calculate the £39M losses. That's how I understand it but could be wrong.
As others have said a very good chance Leif would have to have been sold before 1st July had we not gone up to balance the books, but MA and co would have known that when calculating the business we could vs the finances. | | | |
| “Ipswich if they hadn’t gone up would’ve been in hot water….” on 09:11 - Aug 8 with 3426 views | tractorboy1978 |
| “Ipswich if they hadn’t gone up would’ve been in hot water….” on 08:18 - Aug 8 by JakeITFC |
I don’t think it’s right about us being in too much trouble (but probably would have required sales to buy), but I think the overall point is fair - it’s ridiculous that you have such different mechanisms for the championship and league one that can lead to this situation (and also that those promoted to the Premier League are hamstrung by the allowable losses rule which leaves them at a competitive disadvantage).
It’s great that we have rules to stop teams going broke but ultimately they aren’t doing that and are instead stifling competition. |
We had plenty of loss to play with last season - £20.3m. I will be amazed if we are anywhere near that. We had a loss of £12.4m in 2022/23 and would have seen a £8m-£10m increase in revenue in 2023/24. Obviously costs (wages mainly) will have increased but we were sensible in the transfer market and I'd be surprised if the loss for last season is far from the 2022/23 loss. | | | |
| “Ipswich if they hadn’t gone up would’ve been in hot water….” on 09:26 - Aug 8 with 3299 views | Guthrum |
Rival owners have to find a reason why we did it and they couldn't. Otherwise the fans might get restless.
Alleged overspending is the easy option to get them off the hook. |  |
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| “Ipswich if they hadn’t gone up would’ve been in hot water….” on 09:51 - Aug 8 with 3117 views | OldFart71 |
So he knows our club better than we do. Not saying we didn't spend pretty substantially, but then we had gates of 28-29,000 every home game and sold 60,000 shirts and also an injection of some 105 million which I presume is what we are now spending to try and stay in the Prem and a majority of the players brought in have all been bought with two intentions. Firstly that should we stay up they will be with us for several seasons and secondly should the worst happen and we were relegated some of these players would be sold at a profit on the original outlay. Also unlike our previous foray in the Prem we wouldn't be paying players millions to get rid of them. Also the parachute payments are substantially more than when George Burley's side was relegated. With regards to further development of the ground I think that they may hold fire and maybe develop at the end of next season or the end of the following season. As for this guy saying if we hadn't had double promotions we'd have been in hot water judging by all the comments coming out of PR it wasn't expected so soon. | | | |
| “Ipswich if they hadn’t gone up would’ve been in hot water….” on 09:51 - Aug 8 with 3105 views | Stenvict |
Surely, he's saying if we hadn't gone up from L1 when we did, we'd be in hot water, due to what we had spent on players when we were down there? | |
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| “Ipswich if they hadn’t gone up would’ve been in hot water….” on 10:04 - Aug 8 with 2963 views | berkstractorboy |
| “Ipswich if they hadn’t gone up would’ve been in hot water….” on 09:51 - Aug 8 by Stenvict |
Surely, he's saying if we hadn't gone up from L1 when we did, we'd be in hot water, due to what we had spent on players when we were down there? |
No I think he is saying if we hadn't gone from Champ to EPL last season we'd be in trouble now all based on what we spent in L1 under different rules to Champ as we carry the losses into the Champ rules of £39M losses over 3 years [Post edited 8 Aug 2024 11:22]
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| “Ipswich if they hadn’t gone up would’ve been in hot water….” on 10:11 - Aug 8 with 2878 views | marvellous |
Aren't there quite a few differences between FFP rules in League 1 and the Championship? One of which being that owner cash injections are not counted against FFP in League 1 whereas they are in the Championship?
If that's the case then we definitely wouldn't have been "in hot water". Also, whilst we were in the Championship, we had external investment of £150million which must be seen as an income so would've massively offset an losses.
Is that right? | | | |
| “Ipswich if they hadn’t gone up would’ve been in hot water….” on 10:14 - Aug 8 with 2836 views | _clive_baker_ |
Seems odd that the Huddersfield CEO would be privy to commercially sensitive ITFC information that isn't in the public domain.
He knows no more than the next person and should be more mindful of the tripe he spouts in public. Wouldn't surprise me if Ashton & co remind him of that either. |  | | |
| “Ipswich if they hadn’t gone up would’ve been in hot water….” on 10:28 - Aug 8 with 2713 views | iamipswich |
| “Ipswich if they hadn’t gone up would’ve been in hot water….” on 09:26 - Aug 8 by Guthrum |
Rival owners have to find a reason why we did it and they couldn't. Otherwise the fans might get restless.
Alleged overspending is the easy option to get them off the hook. |
I'm sure our officials would have made similar noises about other clubs while we were under Marcus Evans' stewardship. |  |
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| “Ipswich if they hadn’t gone up would’ve been in hot water….” on 10:30 - Aug 8 with 2691 views | JakeITFC |
| “Ipswich if they hadn’t gone up would’ve been in hot water….” on 10:11 - Aug 8 by marvellous |
Aren't there quite a few differences between FFP rules in League 1 and the Championship? One of which being that owner cash injections are not counted against FFP in League 1 whereas they are in the Championship?
If that's the case then we definitely wouldn't have been "in hot water". Also, whilst we were in the Championship, we had external investment of £150million which must be seen as an income so would've massively offset an losses.
Is that right? |
You can basically cover your losses freely in League One with owner investment but when you get to the championship that isn’t allowed anymore and your accounts are considered as such. So you’re effectively allowed to do what you want in League One but as promotion is the aim you are effectively limited by the championship rules whilst in it (as it is a constant three-year rolling window. | | | |
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