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And breathe... - Simon Dorset's annual deep dive into the accounts 15:41 - Feb 26 with 9523 views

Big thanks to Simon for crunching the numbers again...

https://www.fansnetwork.co.uk/football/queensparkrangers/news/63896

And breathe... - Simon Dorset's annual deep dive into the accounts on 19:05 - Feb 27 with 1541 views

NorrisGreen

I can't take the figures seriously. It screams of being done "backwards".... ie the max permissable loss is £13mil so that's the first number slotted into our "accounts". Then, chuck in loads of lines/numbers with fancy accountancy terminology that support the £13mil outcome and Bob's yer uncle. Oh well, I suspect EFL must have a tacit arrangement with clubs that amounts to "don't take the mickey and we'll rubber stamp it" and we play ball with that. Ultimately, if the EFL applied forensic, robust and stringent examinations of clubs' accounts, probably 80% of them would start new season on a points deduction I reckon.

And breathe... - Simon Dorset's annual deep dive into the accounts on 19:49 - Feb 27 with 1428 views

SimonD

And breathe... - Simon Dorset's annual deep dive into the accounts on 18:44 - Feb 27 by WatfordR
Re the FFP cost of living increase, is that an increase in the £13m annual permissable loss? And if so, do we know yet what that increase will be?

It is an increased allowance due to inflation. £2.5m

It currently applies only to this season (24/25) which will, or course, remain in the FFP calculation for the following two season. It would hardly be a shock if it became permanent.

And breathe... - Simon Dorset's annual deep dive into the accounts on 19:55 - Feb 27 with 1403 views

SimonD

And breathe... - Simon Dorset's annual deep dive into the accounts on 17:21 - Feb 27 by LongRanger

Simon/Clive, do we have any insight as to which of these 3 areas were identified as accounting opportunities by the Retexo audit and which were already planned by the previous management team? Also how we amortise spend and report depreciation can be a big factor in smart accounting, again has this approach changed since the Retexo audit? Sounds like Nourry has executed the plan pre/post January, but would be interesting to know if we're now seeing early stage output from the Retexo work?

I've voiced a big concern about Nourry before and it remains, I don't think he's the second coming he seems to think he is, but happy to be proven wrong, we'll find out for sure in about 3 years if he's the real deal, but potentially a good first step

I couldn't hand on heart say yes they were specifically brought in by Nourry, but I'm pretty sure we didn't do these things before he was on the scene.

And breathe... - Simon Dorset's annual deep dive into the accounts on 08:28 - Feb 28 with 916 views

Gus_iom

The only way the Chagos islands deal makes sense is if it's England trying to create more 'allowable costs' so as not to breach Ffp rules

And breathe... - Simon Dorset's annual deep dive into the accounts on 09:08 - Feb 28 with 868 views

nadera78

And breathe... - Simon Dorset's annual deep dive into the accounts on 14:23 - Feb 27 by SimonD

The disallowable costs comprise expenditure on infrastructure projects, depreciation of fixed assets, youth development, community schemes and women’s football

The opening of the training facility (a fixed asset) has seen a measurable rise in depreciation, and the cost of the academy has risen. Whether this is genuine or having the academy and first team sharing facility has blurred the edges is open to interpretation.

Re the disallowable costs on infrastructure projects - how much leeway is there in this? For example, could the owners of a club pay for the purchase (or build costs) of a hotel or block of flats or some other income-generating investment on behalf of the club?

And breathe... - Simon Dorset's annual deep dive into the accounts on 09:24 - Feb 28 with 836 views

BristolR

And breathe... - Simon Dorset's annual deep dive into the accounts on 08:28 - Feb 28 by Gus_iom
The only way the Chagos islands deal makes sense is if it's England trying to create more 'allowable costs' so as not to breach Ffp rules

“Chagos, gis a wave,
Chagos Chagos gis a wave”

And breathe... - Simon Dorset's annual deep dive into the accounts on 09:33 - Feb 28 with 820 views

GroveR

And breathe... - Simon Dorset's annual deep dive into the accounts on 13:01 - Feb 27 by Northernr
By about £1m. So choose your fighter really. The sponsorship of the ground and the stands. The knockdown price sales of Dieng and Dickie. The deferral of wages to the following year by Colback, Cook, Andersen, Frey. Without any one of these we'd have been in the sht. It was close.

We've got £1m to pay with? Well why haven't we signed a fùcking striker? #nourryout

And breathe... - Simon Dorset's annual deep dive into the accounts on 09:36 - Feb 28 with 806 views

TheChef

And breathe... - Simon Dorset's annual deep dive into the accounts on 19:05 - Feb 27 by NorrisGreen

Are you trying to say we have the EFL on strings?

Are we Derby now?

Poll:

How old is everyone on here?

And breathe... - Simon Dorset's annual deep dive into the accounts on 12:24 - Feb 28 with 523 views

mikeyhg

And breathe... - Simon Dorset's annual deep dive into the accounts on 09:08 - Feb 28 by nadera78
Re the disallowable costs on infrastructure projects - how much leeway is there in this? For example, could the owners of a club pay for the purchase (or build costs) of a hotel or block of flats or some other income-generating investment on behalf of the club?

You'd probably have to demonstrate in some way that it was towards the operations of the club, but saying that, things like community projects supported by the club are not necessarily towards the operations of the club.

To another poster's point, none of us will know how stringent the auditing from the EFL is. Admittedly I haven't looked at the accounts (look at enough in my day job), but I'd imagine clubs have to list the items and value of such which they are classifying as disallowable costs, so someone at the EFL would be 'reviewing' this. Again, hard to know the level of stringency of any reviews.

And breathe... - Simon Dorset's annual deep dive into the accounts on 14:13 - Feb 28 with 389 views

themodfather

it has always seemed madness to me, so many clubs can run at vast losses, owe taxes etc and most is written off, if we live like that we will go to jail, be bankrupt or be a Tory!!

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