| Are the budgies skint? on 17:32 - Nov 3 with 4830 views | FrimleyBlue |
Well ffp is a loss of 35 mill over 3 years.
So If they've lost 27 mill in 1.. then you'd imagine with no more parachute payments to come.. no promotion this season and having a 45 mill loan to payback soon.. they're not in a healthy place.
Sara is gonna be their maddison. |  |
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| Are the budgies skint? on 17:41 - Nov 3 with 4768 views | Freddy |
They are now 27m in debt and no more parachute payments, so it'll be sell sell sell |  | | |
| Are the budgies skint? on 17:48 - Nov 3 with 4747 views | Dennyx4 |
Did they not sell Aaron’s and Ombadele (sic) after this date, So those player sales will be in this years figures?
Think that is somewhere between £20 & £30 million.
Think they will still need to sell as there wage bill is too high for the Championship, but don’t think it is as bad as it first looked. [Post edited 3 Nov 2023 17:49]
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| Are the budgies skint? on 17:54 - Nov 3 with 4684 views | le2blue |
| Are the budgies skint? on 17:48 - Nov 3 by Dennyx4 |
Did they not sell Aaron’s and Ombadele (sic) after this date, So those player sales will be in this years figures?
Think that is somewhere between £20 & £30 million.
Think they will still need to sell as there wage bill is too high for the Championship, but don’t think it is as bad as it first looked. [Post edited 3 Nov 2023 17:49]
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Its future liabilities they need to worry about, £76m as things stand. Expensive game-getting and staying in the premier league is even more expensive if you don't crack staying up. |  | | |
| Are the budgies skint? on 18:01 - Nov 3 with 4625 views | Illinoisblue |
| Are the budgies skint? on 17:54 - Nov 3 by le2blue |
Its future liabilities they need to worry about, £76m as things stand. Expensive game-getting and staying in the premier league is even more expensive if you don't crack staying up. |
I wonder if the American baseball guy is going to put more money in and gradually ease out Delia |  |
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| Are the budgies skint? on 18:02 - Nov 3 with 4614 views | wkj |
| Are the budgies skint? on 18:01 - Nov 3 by Illinoisblue |
I wonder if the American baseball guy is going to put more money in and gradually ease out Delia |
Ruin a post with just one word
"of" |  |
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| Are the budgies skint? on 18:05 - Nov 3 with 4588 views | LaManga |
Can anyone smell smoke? | | | |
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| Are the budgies skint? on 18:07 - Nov 3 with 4583 views | _clive_baker_ |
Aside from the growing pile of debt that will need servicing, the operational health is something they'll need to take some pretty drastic action on given the near term reductions in parachute payments.
If they're breaking even operationally on £76m of revenue, then they must've had a big cost base last season (circa £76m, unsurprisingly). Parachute payments work on a basis of 55% in Y1 (last season), 45% in Y2 (this season), and 20% in Y3, so unless they go back up this year they're looking at revenues dropping to the tune of £50m over this season and next. That's a hell of a hole to plug.
It wont be long until they have to cut some serious cost and sell off a bit of the family silver. I'm not sure how much silver they've got though really. Rowe, Sargent and Sara will be top of that list I guess. They're definitely in a sticky spot if they don't get promoted this season. |  | | |
| Are the budgies skint? on 18:12 - Nov 3 with 4535 views | Dennyx4 |
| Are the budgies skint? on 18:07 - Nov 3 by _clive_baker_ |
Aside from the growing pile of debt that will need servicing, the operational health is something they'll need to take some pretty drastic action on given the near term reductions in parachute payments.
If they're breaking even operationally on £76m of revenue, then they must've had a big cost base last season (circa £76m, unsurprisingly). Parachute payments work on a basis of 55% in Y1 (last season), 45% in Y2 (this season), and 20% in Y3, so unless they go back up this year they're looking at revenues dropping to the tune of £50m over this season and next. That's a hell of a hole to plug.
It wont be long until they have to cut some serious cost and sell off a bit of the family silver. I'm not sure how much silver they've got though really. Rowe, Sargent and Sara will be top of that list I guess. They're definitely in a sticky spot if they don't get promoted this season. |
From what I understand this is the last year of parachute payments for Norwich, as the payments are based on how many years you were in the Premier League before relegation.
1 season = 2 years payments
2 seasons = 3 years payments
3 seasons or more = 4 years payments.
Norwich were only up for one season, so should only get 2 payments. Does mean their revenue next season will drop significantly. | | | |
| Are the budgies skint? on 18:13 - Nov 3 with 4520 views | Dennyx4 |
| Are the budgies skint? on 17:54 - Nov 3 by le2blue |
Its future liabilities they need to worry about, £76m as things stand. Expensive game-getting and staying in the premier league is even more expensive if you don't crack staying up. |
Is most of that owed to the new American chap, similar to us in the past owing Evans? | | | |
| Are the budgies skint? on 18:20 - Nov 3 with 4446 views | _clive_baker_ |
| Are the budgies skint? on 18:12 - Nov 3 by Dennyx4 |
From what I understand this is the last year of parachute payments for Norwich, as the payments are based on how many years you were in the Premier League before relegation.
1 season = 2 years payments
2 seasons = 3 years payments
3 seasons or more = 4 years payments.
Norwich were only up for one season, so should only get 2 payments. Does mean their revenue next season will drop significantly. |
You're right, it's 55% in Y1, then 45% in Y2. But only 20% for Y3 is only if they were there more than 1 season, which they weren't.
It doesn't change the picture for this year, but does mean their revenues will drop drastically after this season. If nothing changed there they would be looking at revenues next season of probably maximum £25m, with £75m of operational costs. That's a £50m operating loss, and then the amortisation of players.
They're properly in the sh1t. | | | |
| (No subject) (n/t) on 18:42 - Nov 3 with 4323 views | catch74 |
| Are the budgies skint? on 18:20 - Nov 3 by _clive_baker_ |
You're right, it's 55% in Y1, then 45% in Y2. But only 20% for Y3 is only if they were there more than 1 season, which they weren't.
It doesn't change the picture for this year, but does mean their revenues will drop drastically after this season. If nothing changed there they would be looking at revenues next season of probably maximum £25m, with £75m of operational costs. That's a £50m operating loss, and then the amortisation of players.
They're properly in the sh1t. |
Sadly their one half decent CB is injured, feels like lady luck has sadly left them for a bit. [Post edited 3 Nov 2023 18:44]
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| Are the budgies skint? on 18:57 - Nov 3 with 4208 views | HighgateBlue |
| Are the budgies skint? on 17:32 - Nov 3 by FrimleyBlue |
Well ffp is a loss of 35 mill over 3 years.
So If they've lost 27 mill in 1.. then you'd imagine with no more parachute payments to come.. no promotion this season and having a 45 mill loan to payback soon.. they're not in a healthy place.
Sara is gonna be their maddison. |
Maddison was their Maddison!
Sara is a terrific player, but surely his fee would be closer to what Leicester bought Maddison for that what Leicester sold Maddison for. |  | | |
| Are the budgies skint? on 19:31 - Nov 3 with 4065 views | Illinoisblue |
| Are the budgies skint? on 18:02 - Nov 3 by wkj |
Ruin a post with just one word
"of" |
Looks for puke emoji | |
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| Are the budgies skint? on 19:44 - Nov 3 with 4002 views | NthQldITFC |
| Are the budgies skint? on 18:20 - Nov 3 by _clive_baker_ |
You're right, it's 55% in Y1, then 45% in Y2. But only 20% for Y3 is only if they were there more than 1 season, which they weren't.
It doesn't change the picture for this year, but does mean their revenues will drop drastically after this season. If nothing changed there they would be looking at revenues next season of probably maximum £25m, with £75m of operational costs. That's a £50m operating loss, and then the amortisation of players.
They're properly in the sh1t. |
Surely not. The ChampionsofRochdale must still have some prize money tucked away somewhere. |  |
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| Are the budgies skint? on 20:24 - Nov 3 with 3820 views | Freddy |
| Are the budgies skint? on 17:48 - Nov 3 by Dennyx4 |
Did they not sell Aaron’s and Ombadele (sic) after this date, So those player sales will be in this years figures?
Think that is somewhere between £20 & £30 million.
Think they will still need to sell as there wage bill is too high for the Championship, but don’t think it is as bad as it first looked. [Post edited 3 Nov 2023 17:49]
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How does it compare with us, we were 12:5m in debt ending June 2022, when do this years figures come out ? | | | |
| Are the budgies skint? on 20:32 - Nov 3 with 3773 views | MK1 |
They have 2 or 3 decent players to sell for a reasonable price. So probably not in financial trouble of sorts, but playing squad wise, not so good. I must admit, I have never really been bothered about them. (except for when we play them obviously) |  |
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| Are the budgies skint? on 20:51 - Nov 3 with 3670 views | ArnieM |
I hope they go to the bloody wall … |  |
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| Are the budgies skint? on 20:54 - Nov 3 with 3651 views | WicklowBlue |
| Are the budgies skint? on 19:31 - Nov 3 by Illinoisblue |
Looks for puke emoji |
🤮🤮🤮🤮 |  | | |
| Are the budgies skint? on 20:54 - Nov 3 with 3651 views | Chrisd |
| Are the budgies skint? on 17:32 - Nov 3 by FrimleyBlue |
Well ffp is a loss of 35 mill over 3 years.
So If they've lost 27 mill in 1.. then you'd imagine with no more parachute payments to come.. no promotion this season and having a 45 mill loan to payback soon.. they're not in a healthy place.
Sara is gonna be their maddison. |
This is the thing that really worries me about promotion to the EPL, where teams over stretch themselves financially simply trying to compete. When the Canaries got promoted the last couple of times they didn’t really over spend and they still find themselves in a mess. | |
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| Are the budgies skint? on 20:57 - Nov 3 with 3621 views | ArnieM |
| Are the budgies skint? on 20:32 - Nov 3 by MK1 |
They have 2 or 3 decent players to sell for a reasonable price. So probably not in financial trouble of sorts, but playing squad wise, not so good. I must admit, I have never really been bothered about them. (except for when we play them obviously) |
Hopefully it’ll be a buyers market and the price they can get will drop as they’ll be desperate and clubs will know that. That’s what happened to us … eg Holland values at £3-4m went for £400k ! | |
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| Are the budgies skint? on 21:21 - Nov 3 with 3522 views | ElderGrizzly |
| Are the budgies skint? on 17:54 - Nov 3 by le2blue |
Its future liabilities they need to worry about, £76m as things stand. Expensive game-getting and staying in the premier league is even more expensive if you don't crack staying up. |
I’m sure I read Sunderland lost £200m from their time in the Premier League.
It’s definitely not a licence to print money up there |  | | |
| Are the budgies skint? on 21:26 - Nov 3 with 3484 views | ArnieM |
| Are the budgies skint? on 21:21 - Nov 3 by ElderGrizzly |
I’m sure I read Sunderland lost £200m from their time in the Premier League.
It’s definitely not a licence to print money up there |
PL is vastly overrated …. | |
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| Are the budgies skint? on 21:47 - Nov 3 with 3382 views | BLUEBEAT |
Sh!t on the Naaaaridge 🐥 |  |
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