Football club finances / FFP

[Jatz]

Ger's fans want an owner that will pump crazy amounts of cash into the club again so they can compete with Celtic again.

Ashley doesn't fit that mould.

Beggars can't really be choosers there. Ashley is still better than their current situation.

 

[moomba]

Nothing confirmed yet. This from the bbc.

Hull have been fined £145,000 by Uefa for breaking Financial Fair Play rules, while Liverpool were cleared.
City boss Steve Bruce feels the penalty was a result of the costs incurred getting Hull out of the Championship.
They must pay an additional £290,000 if they are not compliant next season.
"It's tough on us because the only reason we've come under investigation is a) we've qualified for a Uefa tournament and b) because of when we were in the Championship," Bruce said.
Hull exited the Europa League at the final qualifying round stage.

 

[SM]

It's been confirmed, we're being fined 145,000. Stupidly small penalty.

 

[moomba]

It's been confirmed, we're being fined 145,000. Stupidly small penalty.

Why small?

 

[SM]

Why small?

145k fine for having over 45m pound losses is trivial.

 

[ADL9798]

In addition to being cleared for FFP, Liverpool will release their latest set of accounts on Monday. Apparently due to post a profit - would be our first in 7 years.

 

[moomba]

145k fine for having over 45m pound losses is trivial.

As it should be. A trivial fine for a trivial offence.

Losing money which led to promotion which has earned the club a fortune already. Any other industry you'd win an award for a shrewd investment.

 

[moomba]

I do wonder, given the new TV deal, how long it will be until the non English clubs start to push for changes to FFP because it gives an unfair advantage to English clubs.

 

[Magma]

no 50 million penalty?

rules for some i guess

 

[Shoei]

I do wonder, given the new TV deal, how long it will be until the non English clubs start to push for changes to FFP because it gives an unfair advantage to English clubs.

An allowance of some kind?

Wouldn't be possible to legislate something that is so different over multiple countries.

 

[Magma]

hasnt stopped them making ffp

 

[SM]

As it should be. A trivial fine for a trivial offence.

Losing money which led to promotion which has earned the club a fortune already. Any other industry you'd win an award for a shrewd investment.

I suppose. Why fine the club at all then, is more what I'm suggesting.

 

[moomba]

Caterers bill at UEFA HQ just came in.

 

[Fryer Tuck]

Pffft... sure: http://www.standard.co.uk/sport/foo...rangers-bring-losses-down-to-9m-10080190.html




Also, for better news: http://www.lcfc.com/news/article/le...sults-201314-2309976.aspx#rpzBwlPzQesXHBE5.99

 

[moomba]

After costs relating to the Club’s promotion, Academy expenditure and other costs allowable under FFP guidelines

What are the exemptions relating to the clubs promotion?

 

[NUFC Tiger]

Very interesting about QPR there, I wonder if there is anything suss/misleading to be found.

If not, that's a pretty incredible turnaround (from the £65.4m figure).

"The club did not publish the full accounts on their website but said expenditure was cut by £22m because of lower player costs. QPR claimed the “trend will continue in future years as the club will continue to bring losses down”.

 

[moomba]

Amortisation would have dropped a lot with QPR as they got rid of a lot of their high cost transfers. Wages as well. But it would be interesting to see the full accounts.

 

[Magma]

there is no way that qpr's losses are that small. absolutely no way.

 

[ADL9798]

http://swissramble.blogspot.ch/2015/03/liverpool-show-of-strength.html

Interesting article. First profit in 7 years on the back of a 24% increase in revenue (£206.1m to £255.6m), "despite receiving no benefit from European football" - an advantage we will be adding to the next set of accounts. The majority of this £50m improvement was driven by the new PL TV deal (+£37m), which will obviously be a strong financial base for us to build on going forward (though one that will be enjoyed by all of our domestic rivals).

With respect to our losses over the first few years under FSG, aside from the need to perpetually improve revenue streams (which they have done an exceptional job of), Swiss Ramble also had this to say:

• "The last time that Liverpool reported a profit was back in 2007/08 with £10 million. Since then, the club has registered substantial losses, amounting to £176 million over the five years leading up to 2013/14, including an average of £47 million for the last three seasons. In fairness, many of these losses have been due to FSG having to spend substantial sums on player recruitment in order to repair the damage caused by the previous owners’ lack of investment in the squad."
• "The other factor that has had a strong influence on Liverpool’s losses is the amount booked for so-called exceptional items, which adds up to nearly £100 million over the last eight years, mainly due to writing-off £61 million spent on unsuccessful stadium developments and £31 million paid-out as a result of changes in coaching staff (e.g. the departures of Roy Hodgson and Kenny Dalglish). In fact, Liverpool would have made a profit of £10 million in 2011 without such exceptionals. These have been steadily reducing and were down to just £1.4 million in 2013/14 for costs related to the new stadium development in Stanley Park."

These figures are a reflection of consistent and sustainable improvements made by FSG to the club's finances over the last few years and it's good to see us continue to trend upwards so strongly (particularly when you consider the lack of CL revenue over the previous 5 sets of accounts). However, further revenue streams need to be added in the coming years to provide us with the best possible foundation for on field success as while our off-field growth has been strong, our rivals have obviously enjoyed similar growth over that period. Positive signs but continued participation in the CL in addition to the improved matchday revenues to be gained from the Anfield redevelopment will still be necessary to ensure we remain competitive at the top of the Premier League.

 

[moomba]

You can count on another £25m or so in champions league money next year. Plus a big (£40m+) profit of player trading. Building costs might set you back a bit but I'd expect to see a pretty high profit in 14/15. Will be interesting to see what FSG does with it.

Interesting also that Swiss Ramble sort of confirms what I've been saying about the failed stadium development costs and FFP. £61m over the past eight years, all but a million or so accounted for in the years before FFP (£49m in 10/11, £10m in 06/07).

 

[moomba]

Just had a look at champions league money for this year. I've used last years market pool which should be the same this year.

Anyway, depending on how long they'll last in the comp.

Man City will earn between €36.5 and €62.0m
Liverpool will earn between €26.1 and €28.4m
Chelsea will earn between €31.3 and €56.8m
Arsenal will earn between €29.3 and €35.5m

 

[Fryer Tuck]

So that loss of 9.5 mill for QPR? Turns out Fernandez wrote off 60mil worth of loans. So the actual loss (since writing off like that doesn't count) is 70 mill.

http://www.dailymail.co.uk/sport/fo...gn=1490&utm_source=dlvr.it&utm_medium=twitter

So if QPR are relegated... this is really going to hurt.

 

[Magma]

i have no love for qpr at all but what's the point in fining them 50 mil?

that's crippling levels for a club the size of them. dont ruin it for the fans, they did nothing wrong

 

[moomba]

When they are playing non league, having sold all their assets and lost 95% of their income they can sit back and bask in the knowledge that thanks to FFP they have been saved from themselves.

 

[Redalert]

They knew the rules, why should they be exempt from being penalised? I don't agree with FFP, but they brought that fine on themselves.