| ITFC accounts published to 30th June 2024 on 19:18 - Mar 31 with 2146 views | Dubtractor |
Trying to work out what the financial position would have been if we'd not been promoted, ie how sustainable we'd have been.
On the basis of £16m in promotion costs (which I assume is part of the whopping great wage bill, plus the fee for Omari being in that period, that would only leave a £3m loss.
That may be looking at things a bit simplistically though! |  |
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| ITFC accounts published to 30th June 2024 on 19:24 - Mar 31 with 2097 views | sjg |
| ITFC accounts published to 30th June 2024 on 19:18 - Mar 31 by Dubtractor |
Trying to work out what the financial position would have been if we'd not been promoted, ie how sustainable we'd have been.
On the basis of £16m in promotion costs (which I assume is part of the whopping great wage bill, plus the fee for Omari being in that period, that would only leave a £3m loss.
That may be looking at things a bit simplistically though! |
Player cost is largely amortised over length of contract (i.e. 4m a year on a 5 year deal) - with the exception of any clauses which are triggered |  | | |
| ITFC accounts published to 30th June 2024 on 19:38 - Mar 31 with 2024 views | Matt_Netherlands |
Can any clever clogs work out what that means for possible spending in the summer? (Based on inevitable relegation….) |  | | |
| ITFC accounts published to 30th June 2024 on 20:07 - Mar 31 with 1892 views | bluelagos |
| ITFC accounts published to 30th June 2024 on 19:18 - Mar 31 by Dubtractor |
Trying to work out what the financial position would have been if we'd not been promoted, ie how sustainable we'd have been.
On the basis of £16m in promotion costs (which I assume is part of the whopping great wage bill, plus the fee for Omari being in that period, that would only leave a £3m loss.
That may be looking at things a bit simplistically though! |
When I saw the £16m listed as promotion costs I thought it likely to be the works to get the stadium ready - but the note in the accounts implies it's largely one off staff bonuses.
But whatever the detail - fair to add that back to the bottom line to see what the figures would have been without promotion.
Worth pointing out though - that it is a bit of a hypothetical situation - and won't represent the future (if we go down) given the huge squad changes since. |  |
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| ITFC accounts published to 30th June 2024 on 20:11 - Mar 31 with 1858 views | Dubtractor |
| ITFC accounts published to 30th June 2024 on 20:07 - Mar 31 by bluelagos |
When I saw the £16m listed as promotion costs I thought it likely to be the works to get the stadium ready - but the note in the accounts implies it's largely one off staff bonuses.
But whatever the detail - fair to add that back to the bottom line to see what the figures would have been without promotion.
Worth pointing out though - that it is a bit of a hypothetical situation - and won't represent the future (if we go down) given the huge squad changes since. |
Absolutely it's meaningless for next season, just that £39m loss sounds huge as a headline figure, but clearly is somewhat skewed by the 'cost' of promotion. | |
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| ITFC accounts published to 30th June 2024 on 20:18 - Mar 31 with 1804 views | bluelagos |
| ITFC accounts published to 30th June 2024 on 20:11 - Mar 31 by Dubtractor |
Absolutely it's meaningless for next season, just that £39m loss sounds huge as a headline figure, but clearly is somewhat skewed by the 'cost' of promotion. |
So yeah, add back the £16m but not Omari's transfer fee as that get's "amortised" over his contract.
£23m loss without promotion. Guess we're going to need those parachute payments (Hardly a big insight on my part) | |
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| ITFC accounts published to 30th June 2024 on 23:12 - Mar 31 with 1493 views | SuffolkPunchFC |
| ITFC accounts published to 30th June 2024 on 20:18 - Mar 31 by bluelagos |
So yeah, add back the £16m but not Omari's transfer fee as that get's "amortised" over his contract.
£23m loss without promotion. Guess we're going to need those parachute payments (Hardly a big insight on my part) |
Remember those are overall business losses, not what relates to PSR.
Yes, it’s a big number, but the narrative indicate that it is within the business plan that the owners drew up. The value of the club is what - an order of magnitude greater.
For PSR, the losses are running at less than 90% of that permitted, indicating good fiscal management.
Little to worry about in any of that, and presumably this season will be similarly sensibly managed. | | | |
| ITFC accounts published to 30th June 2024 on 23:26 - Mar 31 with 1456 views | bournemouthblue |
| ITFC accounts published to 30th June 2024 on 19:24 - Mar 31 by sjg |
Player cost is largely amortised over length of contract (i.e. 4m a year on a 5 year deal) - with the exception of any clauses which are triggered |
Seems like clauses I would guess |  |
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| ITFC accounts published to 30th June 2024 on 23:32 - Mar 31 with 1436 views | bournemouthblue |
| ITFC accounts published to 30th June 2024 on 19:38 - Mar 31 by Matt_Netherlands |
Can any clever clogs work out what that means for possible spending in the summer? (Based on inevitable relegation….) |
A lot of that depends on how much we get for Delap and others (hopefully megashed loads)
I would guess we may sell on Davis and possibly O'Shea
I suspect we will keep Omari, Clarke and Philogene
There maybe some surprise departures, Walton, Broadhead maybe someone else (I wouldn't want to lose either)
Muric surely goes, even if it's a loan
Al-Hamadi could go, hopefully for a return on his fee but personally I'd keep him
The likes of Harness, Baggott and one or two others probably leave on frees
And to quote Lambert "we go again"
Based on the players we already seem to be being linked with, I think we are going to go at it pretty hard. We already have a fee in mind for Delap, I know Chelsea were quite keen and may have already sounded out a fee | |
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| ITFC accounts published to 30th June 2024 on 23:42 - Mar 31 with 1416 views | Matt_Netherlands |
| ITFC accounts published to 30th June 2024 on 23:32 - Mar 31 by bournemouthblue |
A lot of that depends on how much we get for Delap and others (hopefully megashed loads)
I would guess we may sell on Davis and possibly O'Shea
I suspect we will keep Omari, Clarke and Philogene
There maybe some surprise departures, Walton, Broadhead maybe someone else (I wouldn't want to lose either)
Muric surely goes, even if it's a loan
Al-Hamadi could go, hopefully for a return on his fee but personally I'd keep him
The likes of Harness, Baggott and one or two others probably leave on frees
And to quote Lambert "we go again"
Based on the players we already seem to be being linked with, I think we are going to go at it pretty hard. We already have a fee in mind for Delap, I know Chelsea were quite keen and may have already sounded out a fee |
Agree that Delap is off… I reckon 40-45m tops. Not to sure on Davis and OShea though as neither have set the world alight. If I was a lower prem side or newly promoted, I’d be more tempted by Axel given his fee would be fairly low (£5m given he was on a free?) or Greaves for his potential. | | | |
| ITFC accounts published to 30th June 2024 on 00:03 - Apr 1 with 1383 views | Smoresy |
Makes you feel a little better about those moved on or down the pecking order afterwards!
We're one of the few who are good enough to publish our FFP figures. £16.2m lost in 23/24, £34.9m across the three seasons = 89.5% of permitted expenditure above turnover spent. So we went pretty hard on promotion, but the accusation from some rivals that we'd have needed a fire sale without it appears unfounded; we'd have needed to reduce FFP losses by £5.8m this season had we missed out, and we must have spent a decent whack on one-off loan fees & wages in 23/24.
Wages and associated costs of £44.5m, £15.5m of that exceptional, so our no-promotion bill would have been £29m. The only clubs that spent below £20m to my knowledge were Rotherham (around £13m) and Plymouth (around £17m). A handful of non-parachute clubs were in the £20m-£27m bracket and a handful in the £27m-£32m bracket, while West Brom spent over £40m and Norwich over £50m. Don't think the big 3 of last season have published yet. [Post edited 1 Apr 0:22]
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| ITFC accounts published to 30th June 2024 on 09:13 - Apr 1 with 1051 views | tractorboy1978 |
| ITFC accounts published to 30th June 2024 on 00:03 - Apr 1 by Smoresy |
Makes you feel a little better about those moved on or down the pecking order afterwards!
We're one of the few who are good enough to publish our FFP figures. £16.2m lost in 23/24, £34.9m across the three seasons = 89.5% of permitted expenditure above turnover spent. So we went pretty hard on promotion, but the accusation from some rivals that we'd have needed a fire sale without it appears unfounded; we'd have needed to reduce FFP losses by £5.8m this season had we missed out, and we must have spent a decent whack on one-off loan fees & wages in 23/24.
Wages and associated costs of £44.5m, £15.5m of that exceptional, so our no-promotion bill would have been £29m. The only clubs that spent below £20m to my knowledge were Rotherham (around £13m) and Plymouth (around £17m). A handful of non-parachute clubs were in the £20m-£27m bracket and a handful in the £27m-£32m bracket, while West Brom spent over £40m and Norwich over £50m. Don't think the big 3 of last season have published yet. [Post edited 1 Apr 0:22]
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Basically selling Davis was our release valve if we didn't go up. Which we knew already! | | | |
| ITFC accounts published to 30th June 2024 on 09:20 - Apr 1 with 1012 views | Churchman |
Despite being ok with numbers, accounts and all that jazz I really don’t understand what the implications of the numbers are beyond that they are eye watering and probably considerably less than most if not all PL clubs plus Leeds of course.
I guess what I take from it is that we are within FFP without publishing 13 month accounts (Leicester) and despite what seems an extortionate amount lobbed out we have mostly bought players with potential for us and with sell on if necessary.
I haven’t seen what Ashton’s take on the figures is yet and I’ve no doubt he will present them in the best possible light and hopefully give us some idea on the future with infrastructure costs, ownership, plans.
What is for sure is that looking at the numbers, we are a long way from Clegg and a discount tin of paint for the turnstiles and Giles Coke. |  | | |
| ITFC accounts published to 30th June 2024 on 09:38 - Apr 1 with 960 views | catch74 |
| ITFC accounts published to 30th June 2024 on 23:42 - Mar 31 by Matt_Netherlands |
Agree that Delap is off… I reckon 40-45m tops. Not to sure on Davis and OShea though as neither have set the world alight. If I was a lower prem side or newly promoted, I’d be more tempted by Axel given his fee would be fairly low (£5m given he was on a free?) or Greaves for his potential. |
Axel will be out of contract I think. |  |
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| ITFC accounts published to 30th June 2024 on 09:52 - Apr 1 with 878 views | Westover |
| ITFC accounts published to 30th June 2024 on 09:38 - Apr 1 by catch74 |
Axel will be out of contract I think. |
Correct I'm sorry to say, I can't understand why he was not offended a new contract long ago. | | | |
| ITFC accounts published to 30th June 2024 on 10:02 - Apr 1 with 841 views | Swansea_Blue |
A turnover of £37 million in the Championship without parachute payments is phenomenal. The normal is around the £20M or so mark. They’ve certainly put us back on a decent footing after Evans’ austerity years (austerity in terms of income not just expenditure). |  |
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| ITFC accounts published to 30th June 2024 on 10:21 - Apr 1 with 794 views | itfcjoe |
| ITFC accounts published to 30th June 2024 on 09:52 - Apr 1 by Westover |
Correct I'm sorry to say, I can't understand why he was not offended a new contract long ago. |
Who is to say he hasn't been offered one? I'd imagine he has been but not signed it |  |
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| ITFC accounts published to 30th June 2024 on 10:29 - Apr 1 with 714 views | sjg |
| ITFC accounts published to 30th June 2024 on 10:02 - Apr 1 by Swansea_Blue |
A turnover of £37 million in the Championship without parachute payments is phenomenal. The normal is around the £20M or so mark. They’ve certainly put us back on a decent footing after Evans’ austerity years (austerity in terms of income not just expenditure). |
Does anyone know if it includes promotion prize money, or what that would look like? | | | |
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