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Q3 financials

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posted on 27/6/23

No

posted on 27/6/23

I'd just take the cash balance and assume from there.

We are sitting at £75m give or take if I recall correctly. Take players fee and divide by length of contract as you subtract from the £75m

posted on 27/6/23

comment by Wout is Love? (Freedom FC) (U7214)
posted 14 minutes ago
I'd just take the cash balance and assume from there.

We are sitting at £75m give or take if I recall correctly. Take players fee and divide by length of contract as you subtract from the £75m
----------------------------------------------------------------------

Very few clubs pay cash for transfers.

We have a rolling £300m credit facility we use.

posted on 27/6/23

“ UEFA introduced new FFP rules last June. Clubs cannot spend more than 70 per cent of their total income on transfers, wages and coaches and agents' fees by 2025-26. For last season that figure was 100 per cent, falling to 90 this year and 80 next”

Our revenue is projected to be a record 640m so 90% of that is 576m

Our wage bill as it stands is 213m so that’s a 360m delta available

Then just add the cash balance which takes us to 430m and then subtract our debt payments and other costs and you’ll have what we actually have available which is probably around 100m without selling.

If we were debt free we’d have triple that

posted on 27/6/23

comment by Dave the Save (U22987)
posted 1 hour, 48 minutes ago
comment by Wout is Love? (Freedom FC) (U7214)
posted 14 minutes ago
I'd just take the cash balance and assume from there.

We are sitting at £75m give or take if I recall correctly. Take players fee and divide by length of contract as you subtract from the £75m
----------------------------------------------------------------------

Very few clubs pay cash for transfers.

We have a rolling £300m credit facility we use.
----------------------------------------------------------------------
Yes but I think we exhausted most of that and we aren't taking on more credit due to the club being sold.

I only use cash because that's the easiest way to gauge the health of the company and what they would be able to spend, all things equal.

posted on 27/6/23

OP, I think £120m kitty might be a bit steep, given our losses from last year.

I was sitting over here a few months ago asking why everyone's thinking we have another bottomless pit of money when the numbers suggested otherwise. And all of this was before the Qatari interest in buying the club.

posted on 27/6/23

comment by Wout is Love? (Freedom FC) (U7214)
posted 13 minutes ago
comment by Dave the Save (U22987)
posted 1 hour, 48 minutes ago
comment by Wout is Love? (Freedom FC) (U7214)
posted 14 minutes ago
I'd just take the cash balance and assume from there.

We are sitting at £75m give or take if I recall correctly. Take players fee and divide by length of contract as you subtract from the £75m
----------------------------------------------------------------------

Very few clubs pay cash for transfers.

We have a rolling £300m credit facility we use.
----------------------------------------------------------------------
Yes but I think we exhausted most of that and we aren't taking on more credit due to the club being sold.

I only use cash because that's the easiest way to gauge the health of the company and what they would be able to spend, all things equal.
----------------------------------------------------------------------

We haven't exhausted that mate. A report on the Athletic from April said there was £200 odd available9n it.

Search £300m American Bank rolling credit facility.

posted on 27/6/23

In terms of transfers and FFP the source of the money, cash or borrowing or whatever, doesn't matter.

It's just considered as amortisation and shown as a cost, set against revenues. If you have built up cash reserves or have a borrowing facility it doesn't factor into profit and loss. Its basically revenue vs costs for that specific year.

That said, if you have large cash reserves, it's likely from profit over time so with FFP measured over 3 seasons it would balance these profits against any losses.

posted on 28/6/23

120m should get you Mount and a second rate striker.

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