Financial Fair Play

[fox58]

Can we borrow your accountants ?

http://www.bbc.co.uk/sport/0/football/31752639

22.9M loss

 

[Motown Fox]

Forest £22.9m loss. Wow:icon_eek:
Rich you need to live up to your name mate and stick your hand in your pocket.

 

[Rich B]

Forest £22.9m loss. Wow:icon_eek:
Rich you need to live up to your name mate and stick your hand in your pocket.

I do matey, oh I do.

 

[Rich B]

http://www.bbc.co.uk/sport/0/football/31752639

22.9M loss

Pah, your accountants would only take a minute or two to make that go away

 

[fox58]

Pah, your accountants would only take a minute or two to make that go away

Once again proof were the bigger club:icon_wink

 

[Macky]

Pah, your accountants would only take a minute or two to make that go away

That's pretty Rich, coming from you

 

[ThaiSweetChilli]

It's because our guys have a wealth of information about accounts.

 

[Rich B]

That's pretty Rich, coming from you

We could always go into admin.....

 

[Brown Nose]

Having finally had the opportunity to have a look at our figures, there are some things worthy of note.

1. Our wage bill last season was pretty much the same as the previous season (£26.8m v £26.9m). This contradicts several people that made a recurring point that NP was diligently reducing the inflated wage bill established by SGE. This is despite the release/sale of many players deemed to be high earners and poor performers. Our wage bill didn't rise under NP, but it didn't reduce either.

2. Bonus payments for promotion amounted to £9.4m. That's an extraordinary amount, equivalent to almost half a million pounds each to nineteen people. The impact of this money, plus the fat new contracts handed out like confetti immediately after promotion have made fortunes for a lot of players and staff. Many of whom have subsequently performed like the hard work has now been done and there is little or no incentive to raise their game again.

3. We appear to have created huge new income streams out of nowhere. The rise in income from £5m the previous season to £16m last season is absurd. It stinks even more when you realise that the company responsible for this remarkable improvement in our marketing is none other than Trestellar. A company with very little purpose or identity, aside from creating money for Leicester City out of nothing. In fact, one Sir Dave Richards appears to be a director of said company (remember him). If the FL are incapable of seeing through this charade, they are utterly incompetent.

http://companycheck.co.uk/company/08345181/TRESTELLAR-LIMITED/company-summary

4. This takes our operating loss over the last three seasons (almost all under NP) to £84.5m. That is effectively what it cost him to deliver promotion.

5. We're reporting a cut in operating costs of £8m (from £20.3m to £12.3m). This is astonishing and totally unrealistic. I'm sure many successful businesses would love to know how that was accomplished without anyone noticing. Again, if the FL swallow this, they're idiots.

6. Finally, it is worth highlighting the fact that our recently wiped out debt is now back. We now owe the owners around £27m.

 

[Blaarev]

We could always go into admin.....

Too late. That's soooo 2002. But you're welcome to try it now.

 

[Brown Nose]

http://www.theguardian.com/football/2015/mar/06/leicester-city-football-league-financial-fair-play?CMP=share_btn_tw

 

[Blaarev]

http://www.theguardian.com/football...l-league-financial-fair-play?CMP=share_btn_tw

I blame you for this being outed! We're fecked now, thanks to your post.

 

[Brown Nose]

I blame you for this being outed! We're fecked now, thanks to your post.

 

[Blaarev]

Too late for that now. It's out there.

 

[Nottingham Fox]

http://www.theguardian.com/football/2015/mar/06/leicester-city-football-league-financial-fair-play?CMP=share_btn_tw

Oh dear oh dear.

 

[homer]

That is pure quality :icon_lol:

 

[pork pie fox]

We don't appear to have tried that hard to cover up the bullshit in there.

 

[Lako42]

Lol

 

[Miles Away]

Haha. What a con.

 

[Matt_B]

Haha. What a con.

It is and I'd be staggered if we were any different to any of the other clubs claiming to conform. It's a bollocks system and the clubs are treating it as such.