Thanks for this Luke. This is really interesting and I think puts a lot of the news and media chatter in place if you raise £100 million, from my understanding on five-year contracts you could infect spend £500 million although we obviously wouldn’t want to go to that excess again.
Secondly, lots of people forget when they talk about our spending. It’s not only the income from sales but also the fact that we have, or should I say the owners reduce the wage by 30% plus. That will be decreased further with this summer sales of one or two high earners
Last week let’s not forget that we are now owned by financiers who spent their life in the financial markets buying and selling businesses and understanding the underlying financial aspects of those businesses and the rules that they have to adhere to. I for one, seriously find it hard to believe that they will get these calculations wrong and that they don’t know what they’re doing from a financial aspect as a minimum. I’m here to be shocked though
Out of the list I would probably keep Casadei, Noni, Gallagher and even Cucurella and send D Fofana on loan again, we can raise more than enough from the rest of the players on the list
And what about 24/25? Our amortised costs are recurring. We can only sell the family silver once. Or are we pinning it on a CL finish every year from 24/25 onwards, plus no more big spending?
I'd suggest you listen to the Double Pivot Podcast that came out today. We clearly don't have to sell to stay in business, but we absolutely have to sell - and keep on selling - to be anywhere close for PSR purposes. The COVID years where we had a small profit are rolling off the calcs and are being replaced by years with huge amortization being carried and much lower (ie no CL) income.
I think its very easy for all of us to speculate, myself included. But the only truth is that none of us really know whats going on with our finances and will just listen to anyone we trust within the media and journalism world, the only people who really know our true finances are those within the club
That's fair. But what I heard today - and the Swiss Ramble article this morning - is pretty sobering and don't come from anyone particularly sectional/clickbait-y. And I have my own, wild Doomsday scenario that no-one should encourage me to go on about anyway!
The Double pivot podcast put out a show yesterday that was fairly detailed in their assessment, and I trust them much more than our owners and execs. Let’s not forget the endless shambles we’ve been off the pitch, and stop pretending that just because they are running the club they know what’s really going on.
Thanks for this Luke. This is really interesting and I think puts a lot of the news and media chatter in place if you raise £100 million, from my understanding on five-year contracts you could infect spend £500 million although we obviously wouldn’t want to go to that excess again.
Secondly, lots of people forget when they talk about our spending. It’s not only the income from sales but also the fact that we have, or should I say the owners reduce the wage by 30% plus. That will be decreased further with this summer sales of one or two high earners
Last week let’s not forget that we are now owned by financiers who spent their life in the financial markets buying and selling businesses and understanding the underlying financial aspects of those businesses and the rules that they have to adhere to. I for one, seriously find it hard to believe that they will get these calculations wrong and that they don’t know what they’re doing from a financial aspect as a minimum. I’m here to be shocked though
Interesting read, thanks. Have we already had money for Ian Maatsen? I never see him in anyone's calculations.
I forgot him Simon, an extra 33 million (release clause) to the pot, pure profit
Thanks Luke. You can bung in the £4 million Fulham have to pay us for Broja loan! Every little counts....
Out of the list I would probably keep Casadei, Noni, Gallagher and even Cucurella and send D Fofana on loan again, we can raise more than enough from the rest of the players on the list
And what about 24/25? Our amortised costs are recurring. We can only sell the family silver once. Or are we pinning it on a CL finish every year from 24/25 onwards, plus no more big spending?
We are not in a position where we need to sell at all, this summer especially and in the future.
This is just purely an article on potential incoming fees this summer.
I'd suggest you listen to the Double Pivot Podcast that came out today. We clearly don't have to sell to stay in business, but we absolutely have to sell - and keep on selling - to be anywhere close for PSR purposes. The COVID years where we had a small profit are rolling off the calcs and are being replaced by years with huge amortization being carried and much lower (ie no CL) income.
I think its very easy for all of us to speculate, myself included. But the only truth is that none of us really know whats going on with our finances and will just listen to anyone we trust within the media and journalism world, the only people who really know our true finances are those within the club
That's fair. But what I heard today - and the Swiss Ramble article this morning - is pretty sobering and don't come from anyone particularly sectional/clickbait-y. And I have my own, wild Doomsday scenario that no-one should encourage me to go on about anyway!
The Double pivot podcast put out a show yesterday that was fairly detailed in their assessment, and I trust them much more than our owners and execs. Let’s not forget the endless shambles we’ve been off the pitch, and stop pretending that just because they are running the club they know what’s really going on.