Where have the club ever commented on PSR for 23/24?
Our starting point is that we lost £90m the previous season. So we have to make up that shortfall first. Remember that the sale of Fofana was included in these accounts and we still lost that much. So our income vs. outgoings was a total shit show.
Relegation costs £85-£100m on top of this. We also spent about £40m on new players.
Cutting salaries and selling players was essential and we did some of that. We have no idea how much we've saved from the wagebill. We also don't know how the reduced salaries for 23/24 will hit the wagebill for 24/25 for players that agreed temporary reductions which would be repaid on promotion. But hey, that's one for next year . . .
I don't see how we complied though with those basic figures. Especially as the bar dropped for allowable losses by being in the Championship so PSR is harder to achieve.
Confidence has mainly come from John Percy suggesting that the club think they'll be okay. Who knows what he's basing that on?
The starting point for any punishment would be the accounts for 21/22, plus 22/23 and then 23/24.
Dont forget that the accounts only show the true profit and loss and not all of this is taken into account for PSR purposes so we may have lost £90m in 22/23, but the PSR losses for that year will certainly be lower.
We do know our 3 year PSR losses for end 22/23 was £130m but I don't believe we know the season by season breakdown on this - a good chunk of that could be attributed to season 20/21 which would then fall off the calculation for season 23/24.
We generated in excess of £100m for player/manager sales and the naming rights deal we struck with KP. Then there was the sale of Castagne, and others, and we would have booked a profit for Castagne in that season as his initial transfer value is amortised over the whole contract, which there wouldn't have been much, or any, left and then we get to count all the profit.
In a similar sense, we may have bought players for £40m but that cost is spread over their contract term so we wouldn't have £40m of transfer spend in last seasons books.
And given we had quite low transfer dealings in the last 2 seasons in the PL, we won't be carrying forward much transfer exposure either.
It was reported by numerous sources at the time that the Enzo deal would help considerably towards any PSR challenge and we wouldn't have been expecting that.
The club has challenged any allegation successfully so far so I have confidence we will succeed in any other challenges in the near future.
All of that is completely irrelevant anyway as all we have to do to avoid a punishment from last year is not get relegated - the PL cannot impose sanctions on EFL clubs and vice versa.
We will only get punished for last season if we get relegated, and that's even if we broke PSR which remains extremely doubtful imo.
