Oh yeah. What happened to that?
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Surely the same for other clubs. But as we're so publicly needing it we'll get shafted I guess.
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He doesn’t provide any numbers to back up his assertion. I’m really not sure this will be right. Not only do we have the BJ profit, were also getting an extra year of the PL FFP allowance.. so that is a lot of upside relative to the amount we exceeded the limit by last year. AND we had a shirt sponsor.
We have to add the first year of amortisation on the signings last season.. which is a bunch, for sure, but BJ alone will cover all of that with room to spare. What did we spend.. £150m? At an average 4 years per player that’s £37.5m.
Like the journalist.. I cant be arsed doing proper workings, but I reckon we might be close enough to ok.. especially if the Mangala deal is solid.
The issues is that we might be fucked next year (if the rules are comparable) and so we might need to cash in on a couple of guys now to free up capacity for new signings and avoid being deep in FFP doodoo in 13 months.
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In newspaperese, the phrase - "i can reveal that Forest will have to sell players to avoid a further breach." strongly implies he's been told that by someone who knows the numbers.
From the initial verdict, Forest's FFP losses were £40m in 21-22 and £52m in 22-23.
Take the starting point for 23-24 losses as £52m, reduce by £47m for Brennan, £5m for a shirt sponsor, gets you to break even, but that would still be £9m over the limit (£35m + £35m + £13m = £83m)
Then, I guess, the other big ticket items are £10m for Mangala (think it's pretty clear his transfer is structured to split the fee between the two accounting years as a compromise between the two club's needs), £10m for Surridge and Scarpa but however much it cost to pay off Shelvey (and write off his transfer fee) plus last summer and winter's business - which is going to be another fair chunk even allowing for amortisation (although Sangare and Wood are probably the only ones over £5m). Can't imagine our wage bill is lower this season than last either.
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Can we sell Mighten to Everton for 40M and they sell one of their kids back to us for 40M so we can both claim the cash now and amortise 8M a year for 5 years?
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I'm sure £30m was being mooted around the PSR time - but that could well not include the £10m loan fee for Mangala.
I wouldn't be surprised if we needed £15m - £20m (excluding the Mangala balance payment)
It seems as though next season we will have a fair amount of headway
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Think the rules are changing? But, yeah, if we are inside the rules for the three year period that's ending next month, that implies an FFP profit of £9m this year, so we'd be able to lose £62m in 24-25 (but probably shouldn't.)
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One thing I think we can all agree on is we are likely to fuck it up and end up in trouble. Competency and Forest are not good friends.
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I presume everyone has seen the mini-doc Ruby Naylor made:
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Thanks for that. Got something in my eye now...
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I thought they were potentially changing 25/26?
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Nothing is decided yet.
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I thought the figures were around £15m would have to be raised before June 30.
Nothing a sale to Oly shouldn’t sort.
Pretty sure the PSR thing changes next year, not this summer.
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No changes have yet been agreed. They are still discussing potentially changing next summer (summer 2025).
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Presumably they could make changes, to either the current cycle or for future years, at the AGM this summer.
