PSR/FFP fun with calculators

Yes, but also bear in mind that it's Carragher and the diarrhea that spews forth from his ignorant maw is probably not to be given much credence.

Probably belongs here as the de facto finance thread.

www.watfordfc.com/news/club/news-watford-fc-to-offer-ownership-to-fans

£175M seems like an optimistic valuation but fans will definitely pay fifty or a hundred quid to own a bit of their team.

They are aiming to raise £17.5m in £50 batches? Do Watford have 350,000 fans?

Not sure what you really get for your £50.

Seems to me you're essentially giving your money to the players.

Shares, no?

Well yes, but over a medium term they aren't likely to be profitable, so wouldn't expect to be getting any money back if sold them and club likely to need more money in future so you're either stumping up or getting diluted.

Have to treat it as a donation I think.

I wonder if they are non-voting shares or whether there's a minimum amount to be able to vote. It probably says, but I can't be arsed to check.

www.skysports.com/football/news/11095/13145428/chelsea-newcastle-aston-villa-everton-nottm-forest-and-leicester-must-all-sell-players-by-june-30-to-avoid-psr-breaches

Chelsea, Aston Villa, Newcastle, Everton, Nottingham Forest and Leicester are all under the pressure of losing a key asset or two, Sky Sports News understands, before the change over into the new financial year.

Just buy players off one another for daft money. Apart from Everton, though. They haven’t got a pot to piss in.

That sort of dodge would show the rules up as completely farcical and reduce the league to a laughing stock.

In other news, I see Chelsea are selling Ian Maatsen to Villa for about £40m, while also buying Jhon Durán from Villa for about £40m. I wonder how much they both need to raise to get under the PSR limits.

Which is every reason to do it, obviously. It does potentially naff you up a bit for subsequent years, as any imaginary valuations unwind, but if the rules are going to change and clubs have a line of sight towards what they’ll be.. and there won’t be a hangover from any shenanigans this summer.. it would be almost a dereliction of sound management not to take the piss if offered the opportunity.

Every time someone else has broken rules or gotten away with cheating because the rules are shit, I’ve sat proudly on my high horse to pontificate about the whole thing and be quietly smug that Forest have not stooped to the levels of those fuckers down the A46/A52.. but, honestly, if we can scam our way out of having to sell Murillo or MGW I’ll be fucking delighted.

What he said.

If a rough-arsed decorator from Mansfield can spot the holes in your shitty PSR rules, it’s probably time they were off to fuck.

www.telegraph.co.uk/football/2024/08/13/leicester-city-fc-premier-league-spending-rules-profit/

Leicester’s rock solid defence: “ Leicester are expected to argue that the losses from the 2022-23 season were a result of mitigating circumstances, such as an unforeseen relegation, the “unplanned expenditure” of sacking £8 million-a-year manager Brendan Rodgers, plus an estimated £30 million deficit from finishing 18th in the table.”

So basically, it was unreasonable to expect them to foresee being shit.

That's ludicrous. Laughable.