Transfer rumours and speculation to take us through to summer.
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Comments
If you want to argue that FFP rules aren't being enforced, then you first have to establish that they've been breached. Bear in mind that the losses clubs are permitted to post are over a 3yr period. Also, promotion to the PL will bring in vastly more sums of money from TV broadcasting revenues alone, never mind other income - so spending will automatically increase.
If you want to argue that the FFP rules are not restrictive enough because they haven't stopped Wolves spending to improve themselves, you also have to consider how much is down to spend and how much is down to savviness and good management. Look at Fulham - they spent lots, but it didn't do them much good.
I don't think it is right to look at 1 club that (arguably) spent wisely, and reaped the benefits, and say 'it's not fair, we need the rules to stop them'.
Figures directly from Wolves’ website 5th March. So it would be safe to say they are believable
And give that they themselves put this down to transfer fees, wages, etc, yes I do fully stand by my view that they have bought themselves a fast track to the Prem.
Obiang will go for more than we paid (we paid £5m). Hernandez cost £16m, we will make a loss but he is a proven PL striker who scores goals.
But Lo Celso has a 100m euro (£88m) release clause and it is understood Betis want to sell him for a fee closer to that amount.
https://www.bbc.co.uk/sport/football/48433820
Levy does this a lot, yet people still slate Sully when he tries it.
"I need to be in the Premier League."
"If something arises that is the right thing for me, I'll have to seriously consider it."
Jack Butland to @talkSPORTDrive on a possible move away from Stoke City.
You get the 6 most recent articles, and if you want to go further back you have to 'load more' in batches of 6. No search box.
https://www.wolves.co.uk/news/club/20190305-headline-financial-information-for-201718/
:ok:
Figures as you say.
So, let's see if they exceed the 3 year limit when the new accounts are submitted.
You can't say whether or not FFP is working until we see what happens IF they breach it.
Presumably you want caps on spending on an annual basis. But would this be justifiable and realistic? You have to allow some leeway for the clubs to vary their spending from year to year - high to rebuild an ageing squad and then not as much in subsequent year as it isn't needed?
Overall I just think there is a big problem. When many talk of the top aspiration as being “best of the rest” (and not just at West Ham), it just cannot be right.
As for Wolves - turnover around £27m, loss of £50m. How on Earth?!! You cannot easily justify it - this isn’t a start up company after all. They basically took a massive financial gamble and it paid off (via promotion). What if it hadn’t? When it comes to promotion from the champ things are far from certain.
Even in our May 18 accounts we show a PROFIT on player disposals of almost £30m.
Crikey? How did that happen? Because the Payet sale was the year before. I’m struggling to think of what could have comprised that?
For west ham, you go to the website and 1 click takes you to Corporate Information, and 1 more to an index page for all the financial statements. Then you just pick the one you want.
For Bournemouth, you use the search box, and it takes you straight to the relevant page....
I haven't looked at all the other clubs because
well
I don't want to. :biggrin:
Just as an example, we buy a player for £100m (haha, but just keeping the figures easy) on a 4 year contract.
Given that he can walk away after 4 years and we get nothing, from an accounting point of view, you would usually write off his transfer fee over the length of his contract, so his transfer fee effectively costs us £25m a year for each of the 4 years he's at the club. This means his book value is £75m after 1 year, £50m after 2 years and £25m after 3 years.
If we sold him after 3 years for £50m, we'd all be gutted that we lost £50m on a player, but the accounts would show a profit on player disposals of £25m as his book value at that point is only £25m.
Definitely meh...
tbh, I'd rather see him given a go anyway; I've always liked what I've seen of him, and he's 23 now.
https://www.whufc.com/news/articles/2019/may/29-may/andy-carroll-and-adrian-leave-west-ham-united
I bet no one saw that coming.
I predict the same fate for Xande maybe this time next year.
Never understood why we do this time and again.