JJ1927 wrote:NIBluebird wrote:What makes you think we'll use £12m on transfers
FFP remember
we should have no issue with FFP in next couple of years as Sky money means last year we probably made a profit and this year as our net spend to date is zero we will certainly make one. But Tan wont want to spend it because he wants to use most of it to get back part of what is owed to him before he sells.
I haven’t seen the May 2019 accounts yet, but agree that they almost certainly show a profit. However the level of profit is not going to be as high as the reduction in total income we will suffer ( up to £60m) from being relegated.
The Profitabilty and Sustainability Rules ( formerly known as FFP)allow the club to make a loss of £61m over three years 1x£35m for our season in the Premier League plus 2x£13m for the two seasons falling either side of that. We should be OK at the moment based on those figures but unless there is very tight control on spending this and next season (when broadcast rights money falls still further) there could be a difficult financial period ahead.
A number of clubs in the Championship are likely to be ruled as non compliant at the end of this season with resultant major fines and likely points deductions and clubs like Aston Villa are in deep sh*t already and would face massive repercussions if they get relegated at the end of this season. Do we, as fans, want our club to face the same problem by not being prudent with the finances?