9 Points Deducted Tomorrow?????

Sohofox said:
Or will it be worse?
Or maybe only 6 points????
Either way League One beckons.
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If it is 9 points that would put us one point above Norwich who currently occupy the final relegation spot and above Portsmouth on goal difference. We would drop to 20th position but I agree the impact on morale and given we don’t seem to have a lot of fight in us would make us favourites for relegation.
 
found nothing, where is any news triggering 9 points? i wouldn't be surprised if we get no points deduction by some miracle, we might be able to blame the Fax machine lol
 
WiggyFox said:
found nothing, where is any news triggering 9 points? i wouldn't be surprised if we get no points deduction by some miracle, we might be able to blame the Fax machine lol,
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There is clearly something holding back the points deduction at the moment, of course there is stuff we do not know about. It would have been confirmed weeks ago if it was that clear cut.
 
I am still struggling to get my head around what a a complete and utter clusterfcuk we managed to make of the whole PSR thing and above all that how, how anyone involved could morally sit there and actually thing to even stay within the boundaries of PSR that to lose £105m in a 3 year period was acceptable or sound business sense is absolutely beyond me.

And yet not only did we do that we actually breached by losing nearly double that amount, there was no demonstration of one iota of business acumen or responsibility. It was literally like people were playing a game of football manager, gambling the entire future of our club.

We paid wages well above our means, in what other world does a business operate with a wage bill over 100% of its turnover, we budgeted that we had to secure European football, we got relegated.

Our recruitment became lazy, stale and reliant on paying way over the odds to attract rank average players. Our commercial and sponsorship revenue largely underpinned by deals with betting/crypto companies such as FBS, Pari Match, BC Game and the ill fated K Bet.

It was a recipe for disaster and eventually financial meltdown as at some point if not already the case, the cash reserves run dry. What this has demonstrated is a complete lack of robust budgeting, forecasting or planning, we continually blow every available penny we have in the summer, we rarely have any contingency plans in place regards having budget set aside for a managerial change or for the winter transfer window.

in the 23/24 accounts our cash in bank had reduced by £1m from the previous season, so effectively we were burning £20k per week to keep the club operating day to day. It will be interesting to see what the cash reserves were at the end of the 24/25 accounting period because if this has reduced significantly again then it would explain some of the decisions/issues of recent weeks and suggest that the club is now having to really manage cash flow to try and manage its commitments and running costs.
 
The Running Fox said:
I am still struggling to get my head around what a a complete and utter clusterfcuk we managed to make of the whole PSR thing and above all that how, how anyone involved could morally sit there and actually thing to even stay within the boundaries of PSR that to lose £105m in a 3 year period was acceptable or sound business sense is absolutely beyond me.

And yet not only did we do that we actually breached by losing nearly double that amount, there was no demonstration of one iota of business acumen or responsibility. It was literally like people were playing a game of football manager, gambling the entire future of our club.

We paid wages well above our means, in what other world does a business operate with a wage bill over 100% of its turnover, we budgeted that we had to secure European football, we got relegated.

Our recruitment became lazy, stale and reliant on paying way over the odds to attract rank average players. Our commercial and sponsorship revenue largely underpinned by deals with betting/crypto companies such as FBS, Pari Match, BC Game and the ill fated K Bet.

It was a recipe for disaster and eventually financial meltdown as at some point if not already the case, the cash reserves run dry. What this has demonstrated is a complete lack of robust budgeting, forecasting or planning, we continually blow every available penny we have in the summer, we rarely have any contingency plans in place regards having budget set aside for a managerial change or for the winter transfer window.

in the 23/24 accounts our cash in bank had reduced by £1m from the previous season, so effectively we were burning £20k per week to keep the club operating day to day. It will be interesting to see what the cash reserves were at the end of the 24/25 accounting period because if this has reduced significantly again then it would explain some of the decisions/issues of recent weeks and suggest that the club is now having to really manage cash flow to try and manage its commitments and running costs.
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Great summary. In any other field of business all of those responsible for overseeing the above would be long gone.
 
It's one thing to do it once. They held the big end of season review to assess what went wrong and you hope they learn the lessons of their mistakes.

But then what happens...we get promoted and repeat the same mistakes. We give out new long term contracts to players proven to not be at the level (vesty). We sign even more of them (ayew, dcr). We overspend on players (skipp). So of course, the same thing happens again - relegation with a massive wage bill.

And now we are here, today, still looking to sign 36 yr old knackered players (only a last minute injury saved us there).

The same people, making the same mistakes, over and over and over. It's infuriating. And it's infuriating that a large percentage of our supporters are happy with this.
 
buz_not_buzz said:
To correct that, whilst the loses were nearly double the PSR limit, the breach was "only" £19.5m after adjustments.
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I understand that however regardless of permitted expenses that are excluded as part of PSR, as a business we still lost nearly double which is unsustainable, people are blinded by PSR where a loss
of £105m is almost deemed to be break even when in reality to a business these continued losses will eventually become catastrophic especially if there is little to no financial control or a roadmap as to how to become more sustainable.
 
The Running Fox said:
I understand that however regardless of permitted expenses that are excluded as part of PSR, as a business we still lost nearly double which is unsustainable, people are blinded by PSR where a loss
of £105m is almost deemed to be break even when in reality to a business these continued losses will eventually become catastrophic especially if there is little to no financial control or a roadmap as to how to become more sustainable.
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Sure and I agree but if you are saying "breached by" it is you in your description that is conflating losses for PSR with the total loss for the business as a whole. Even if that is not your intent it is incorrect.
 
buz_not_buzz said:
Sure and I agree but if you are saying "breached by" it is you in your description that is conflating losses for PSR with the total loss for the business as a whole. Even if that is not your intent it is incorrect.
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I apologise for the incorrect use of breached by double I meant to say we lost nearly double the permitted breach allowance.
 
Unless I have missed something the money lost is real money that has to be found by someone. Presumably the same entity that is indebted to Messrs Macquarie.
 
Forest look to be increasing the capacity at the city ground, costs are not included in PSR calculation and will generate significant additional revenue.

As much as Seagrave is an amazing facility with hindsight it was a massive error to sink so much cash into something that doesn’t offer any tangible opportunity to increase commercial / matchday revenue. We massively missed a trick not developing the KP when we had the chance.

Seagrave was a massive investment and it’s massively impacted our ability to trade moving forward and the investment isn't delivering a return to justify the outlay
 
Respectfully disagree.

I know it won't increase matchday or commercial revenue, but if seagrave is the deciding factor for a Monga or a Page to join us over, say, Villa or Forest then that's worth multiple years of match day revenue. If they perform to the level we hope then seagrave will either provide sporting success, or we sell for £50m.

Find one of them every other year and it can solve many of our issues.
 
Adumass said:
Respectfully disagree.

I know it won't increase matchday or commercial revenue, but if seagrave is the deciding factor for a Monga or a Page to join us over, say, Villa or Forest then that's worth multiple years of match day revenue. If they perform to the level we hope then seagrave will either provide sporting success, or we sell for £50m.

Find one of them every other year and it can solve many of our issues.
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It’s a fair point but I am not so sure Seagrave will be the deciding factor,
It could help if we were in premier league but I reckon that is more a of a pull than the training centre
 
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