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24
The Daily Cut and Thrust / Re: Look to the skies!!!!
Last post by Simon. Not Steve or Nazimon -
It's possible to be well within ffp, and still have substantially increased costs. Particularly with a write off from a purchase. The interesting question is not whether we are currently within ffp, but when do the increased costs and accounting offsets catch up with us. If we are promoted, then the wave of riches solves all problems (see Leicester). If we are not, what does that mean for us in the coming couple of seasons? Our expenditure significantly exceeds our income. The mr macawber principle suggests that ultimately has a consequence. At least in the current regulatory environment.

Out of interest, has any recently promoted club, aside from some of those with parachute payments, not had an expenditure that significantly exceeded their income?

To be competitive relies on having an owner who will subsidise losses at a serious level.
27
The Daily Cut and Thrust / Re: Look to the skies!!!!
Last post by JimShady -
It's possible to be well within ffp, and still have substantially increased costs. Particularly with a write off from a purchase. The interesting question is not whether we are currently within ffp, but when do the increased costs and accounting offsets catch up with us. If we are promoted, then the wave of riches solves all problems (see Leicester). If we are not, what does that mean for us in the coming couple of seasons?

Is the answer promotion?
28
The Daily Cut and Thrust / Re: Look to the skies!!!!
Last post by tricky -
I believe we are well within FFP. Selling Brereton for 6M will help that too. The leadership are, I believe, on top of this stuff. Having said that I fully expect them to sell Worrall too to keep this going.

 It's possible to be well within ffp, and still have substantially increased costs. Particularly with a write off from a purchase. The interesting question is not whether we are currently within ffp, but when do the increased costs and accounting offsets catch up with us. If we are promoted, then the wave of riches solves all problems (see Leicester). If we are not, what does that mean for us in the coming couple of seasons? Our expenditure significantly exceeds our income. The mr macawber principle suggests that ultimately has a consequence. At least in the current regulatory environment.