underdog Posted June 9, 2020 Share Posted June 9, 2020 Damian Collins MP Proposal of L1 and L2 Post Covid support. A podcast discussion with the MP and various supporters Trust over the model and a written statement. I think Chris Stringer (Opinions4U) lad does some journalism for them http://d3d4football.com/d3d4-football-podcast-extra-damian-collins-interview/?fbclid=IwAR03VwbTmsYHLHAGOYiEijrBUu5zFHgttPxvCBvXqNO6ivhaJWcgz8lCBsY we are mentioned about 35.10 with regards to creative accounting https://damiancollins.com/a-way-forward-for-football/ Thought it is worth a thread in its own right with a view to a discussion Link to comment Share on other sites More sharing options...
Barry Bosnian Posted June 9, 2020 Share Posted June 9, 2020 2 hours ago, underdog said: we are mentioned about 35.10 with regards to creative accounting £6 Million profit Link to comment Share on other sites More sharing options...
Dave_Og Posted June 10, 2020 Share Posted June 10, 2020 Did we ever publish anything that claimed £6m profit, phantom or otherwise? Link to comment Share on other sites More sharing options...
underdog Posted June 10, 2020 Author Share Posted June 10, 2020 14 minutes ago, Dave_Og said: Did we ever publish anything that claimed £6m profit, phantom or otherwise? I have slept since but is this not the 17/18 accounts? When there was a shift from £5million from a deficit to a positive? Re the stand. I remember a Trust meeting when Jason Flynn commented on it about October time. I can only recollect this 18/19 accounts are due at CH on the 26th June. Think Trust meeting notes published yesterday mentioned this. and they will be a vote as a shareholder to accept/query them. They were working with the club with regards to what they are entitled to see. I know you have a better eye on this stuff than I. Link to comment Share on other sites More sharing options...
TheBigDog Posted June 11, 2020 Share Posted June 11, 2020 With reference to the thread title, the following extract from an article on the BBC Sport Web pages is interesting An EFL spokesman said: "The EFL has been consulting with its member clubs for some time regarding potential changes to financial and sustainability regulations with the aim of improving the current position in all three divisions. "These discussions, which commenced prior to the Covid-19 outbreak and have continued throughout the crisis, have included reviews of the divisional cost controls currently in place and the potential introduction of new measures such as salary caps and squad size limits. Discussions with clubs remain ongoing." It has to come in the EFL (and that includes Championship clubs who, according to Deloitte, spend 107% of revenue on wages alone) Link to comment Share on other sites More sharing options...
Ex_pat Posted June 11, 2020 Share Posted June 11, 2020 2 hours ago, TheBigDog said: With reference to the thread title, the following extract from an article on the BBC Sport Web pages is interesting An EFL spokesman said: "The EFL has been consulting with its member clubs for some time regarding potential changes to financial and sustainability regulations with the aim of improving the current position in all three divisions. "These discussions, which commenced prior to the Covid-19 outbreak and have continued throughout the crisis, have included reviews of the divisional cost controls currently in place and the potential introduction of new measures such as salary caps and squad size limits. Discussions with clubs remain ongoing." It has to come in the EFL (and that includes Championship clubs who, according to Deloitte, spend 107% of revenue on wages alone) Portsmouth were paying about this rate of revenue on players wages when they were in the Premiership. It just helps to grease the inevitable slide to League 2 and beyond. Link to comment Share on other sites More sharing options...
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