Loss of £67m, but that doesn't include sales of Neves, Nunes etc.
Can anyone remember what the threshold was to avoid us getting in the FFP **** over the 3 year reporting period?
“Premier League clubs can make a £15million loss over a three-year monitoring period, with losses of up to £105million permitted so long as the £90million difference is covered by secure funding from a club's owners — i.e. by buying up more shares, not simply giving their club a loan”
Loss of £67m, but that doesn't include sales of Neves, Nunes etc.
Can anyone remember what the threshold was to avoid us getting in the FFP **** over the 3 year reporting period?
Yes it does make you wonderWhy would anyone own a football club? Do any of them make money apart from or 2
If it wasn't for Fosuns support over the last few seasons we would be in deep ****“What else do we know?
Wolves owners Fosun loaned the club a further £64million in 2022-23 with that loan due to be conveyed to equity in the next few weeks.
That money is not factored into PSR calculations as PSR is designed to prevent owners from bankrolling clubs.
Fosun has provided another loan worth £18million in the current financial year.“
Interesting that fosun are still bank rolling us - should stop anyone going on that fosun have us to make a profit.
Interesting that fosun are still bank rolling us - should stop anyone going on that fosun have us to make a profit.
This is because they don't understand how this works and having the attention span of goldfish, have forgotten we sold well over £100 million of players last summer.I see West Brom and Villa fans clutching at straws hoping for our demise.
And after all that we haven’t got a recognised striker
yet we have scored more goals than any other Premier League season and are in the race for europe. unreal eh.And after all that we haven’t got a recognised striker
it isn’t, which is why we had to change our approach.I don’t see how losing £184k a day is sustainable
Looks to me like we’re in a bit of a hole ??
I know, this is our lowest scoring premier league season.And after all that we haven’t got a recognised striker
By my calculations we were much closer to the limit“Premier League clubs can make a £15million loss over a three-year monitoring period, with losses of up to £105million permitted so long as the £90million difference is covered by secure funding from a club's owners — i.e. by buying up more shares, not simply giving their club a loan”
“Turnover was £168m a £3m increase on previous year. Player trading and amortisation was a loss of £38m, this was made up of £79m of player amortisation and a profit of £44m on sales of players registration.
League distribution was £113m in the year and increase of £3m.
Wolves make a loss of £64m for year ending 2023. Without making adjustments for FFP exclusion and Covid adjustments, the three year rolling loss was £86m, meaning we were well within the FFP regulations.” - Mr Craig Spillard
Storm in a tea cup. Thankfully we’ve just about saved the situation with player sales will be shown next season
The combined losses from the two years from 2021 to 2023 amount to £113.3million. That figure might ring alarm bells for supporters given the total permitted loss to stay within the Premier League’s PSR rules is £105m over three years.
But the PSR rules include provisions for ‘allowable expenditure’, so money spent in areas such as stadium and training-ground improvements, investments in women’s football and youth and community work are not included in PSR calculations.
For instance, Wolves’ current forecasts for the 2023-24 season predict a loss of £39.7million, but when allowable expenses are removed from the equation, it would leave Wolves with a predicted loss of £22m for PSR purposes.
When allowable expenses are taken into account, current predictions would leave Wolves staying within the £105million limit by £2.7m for the three years ending in May 2024.
Their ‘headroom’ had been predicted to be around £5million but was reduced when they settled on Jonny Otto’s contract in January following the training ground incident that saw him removed from the first-team squad.
I think villa might have a somewhat disappointing summer ahead.I see West Brom and Villa fans clutching at straws hoping for our demise.
And after all that we haven’t got a recognised striker
Need to make a £10 mil PROFITSo if we take off the 1st years profit we’re in trouble again arnt we this summer?
Next year the rolling forecast would be
£46 Loss
£67 Loss
So third year cannot show more than a £10m loss. Is that right?
If it is I’m worried. Surely only until losses come off can you have some freedom?
If we’re at £95m we can lose £10m can’t we?Need to make a £10 mil PROFIT
Neves and Nunes money should be in there though so all good hopefully
Forget that just added them wrongly your right were £8m over as it stands.If we’re at £95m we can lose £10m can’t we?
That’s a huge relief to hear that the Neves and Nunes money isn’t included so that’s near £90m I’d like to understand why you say we need to make a profit though as I don’t get this at all so please could you explain that.
“Premier League clubs can make a £15million loss over a three-year monitoring period, with losses of up to £105million permitted so long as the £90million difference is covered by secure funding from a club's owners — i.e. by buying up more shares, not simply giving their club a loan”
“Turnover was £168m a £3m increase on previous year. Player trading and amortisation was a loss of £38m, this was made up of £79m of player amortisation and a profit of £44m on sales of players registration.
League distribution was £113m in the year and increase of £3m.
Wolves make a loss of £64m for year ending 2023. Without making adjustments for FFP exclusion and Covid adjustments, the three year rolling loss was £86m, meaning we were well within the FFP regulations.” - Mr Craig Spillard
Storm in a tea cup. Thankfully we’ve just about saved the situation with player sales will be shown next season
23/24 accounts (this year) should be enough of a profit for us to squeak by after all of the sales in the summer.So if we take off the 1st years profit we’re in trouble again arnt we this summer?
Next year the rolling forecast would be
£46 Loss
£67 Loss
So third year cannot show more than a £10m loss. Is that right?
If it is I’m worried. Surely only until losses come off can you have some freedom?
Why would anyone own a football club? Do any of them make money apart from or 2
Look at Nottingham Forest. This is a club with an owner that has an incredible amount of capital. And he comes in the Premier League and he's told you can't spend it. If you spend it and it falls into a category of losses then we are going to sanction you and we may send you back to the league you came from.
It's not about financial sustainability, it's not about financial fair play, nobody is protecting the little guy. This is [expletive]. This is people making sure that you can only spend a percentage of your revenue.
Steve has to run his club with a top line of revenues which is driven by television. If we want to put in a bunch of money to buy more players we're not allowed to.
So you have to watch your losses and you have to find a way to live between the eighth spot and 17th spot or you go back to the second division [the Championship].
If anybody thinks that I have a problem with the way that Steve is running the club, and [how he] has stayed up for 12 years, just because we have difference of opinion on things... try being Forest owner Evangelos Marinakis right now.
So would it be fair to assume we COULD if we wanted to and not for one minute thinking we will. Have the ability to spend at least the Neves and Nunes profit and then any player sales this summer and we get in next year. I think we’re all expecting Neto to fetch a minimum of £50-60m so add that to the profits of Neves and Nunes could we have around £100m to spend without any further sales required?23/24 accounts (this year) should be enough of a profit for us to squeak by after all of the sales in the summer.
Maybe we should keep him on the bench then. What if he got injured again?? Heaven forbid. Last time he got injured was against Newcastle. Let’s drop him and play someone elseReading all of that, it makes total sense to sell Neto this Summer. Can't risk not doing so? As unfortunate as that is.
I think if we sell Neto or Kilman for a substantial fee, we'd have a lot more room to maneuver, as any fee for either of them is pure profit. If we don't, I think we'll continue to be prudent and target the £5-15m market to fill the gaps in the squad. I certainly wouldn't expect us to spend £30-40m on a player without one of the above two going.So would it be fair to assume we COULD if we wanted to and not for one minute thinking we will. Have the ability to spend at least the Neves and Nunes profit and then any player sales this summer and we get in next year. I think we’re all expecting Neto to fetch a minimum of £50-60m so add that to the profits of Neves and Nunes could we have around £100m to spend without any further sales required?
Could job im not into accounts I just can’t get my head round it. Needs its proper laymen’s speak. Haha.
I can see Neto and RAN going personally before Kilman or GomesI think if we sell Neto or Kilman for a substantial fee, we'd have a lot more room to maneuver, as any fee for either of them is pure profit. If we don't, I think we'll continue to be prudent and target the £5-15m market to fill the gaps in the squad. I certainly wouldn't expect us to spend £30-40m on a player without one of the above two going.
Another one is possibly Joao Gomes, having seen ball-winning midfielders go for an absolute fortune last summer (Caicedo and Rice both went for upwards of £100m). I'd absolutely hate to lose him though.
Okey Dokey, we’re fine then and don’t need a recognised strikerI know, this is our lowest scoring premier league season.
Wait, what?