Financial Results

[P.D.]

Every year we depreciate the stadium, so the final figure will look like a loss (on paper).

We could not depreciate the stadium and pay a fat chunk of corporation tax instead if not doing so put us in profit.
So it'll probably be a good few years before we have a CT bill

Plus this part of the loss is not counted towards FFP so we are not close to falling foul of that.

Excellent news, as long as Levy is around I don't think we need to fear breaching FFP.

 

[Bullet]

Interestingggg, Man U being given special favours?
Two minute video:

https://twitter.com/x/status/1820926851444789651

 

[Kandi1977]

Interestingggg, Man U being given special favours?
Two minute video:

https://twitter.com/x/status/1820926851444789651

I posted the same video in the new Premier league thread. The timing of deductions Untied want is dodgy, as they had virtually zero in the actual Covid years. But the rules are set by the club's themselves, and each club has a vote.
Afais, what United have done is within the rules, it's just that the timing of it seems weird. Questions definitely need to be asked.

That said, the rules are obviously not good enough and need tightening. But the club's have refused to close several loopholes, such as Chelsea's inter-club sales to themselves etc.

 

[Lilbaz]

Interestingggg, Man U being given special favours?
Two minute video:

https://twitter.com/x/status/1820926851444789651

Nothings been given yet. Teams don't hand over their financial records to the prem till december. The prem make a decision in jan.

The reason we know about man utd is because they are on the new york stock exchange and have to post quarterly results. So it looks like they will try to include special exclusions.

We'll have to see what happens.

 

[Lilbaz]

I posted the same video in the new Premier league thread. The timing of deductions Untied want is dodgy, as they had virtually zero in the actual Covid years. But the rules are set by the club's themselves, and each club has a vote.
Afais, what United have done is within the rules, it's just that the timing of it seems weird. Questions definitely need to be asked.

That said, the rules are obviously not good enough and need tightening. But the club's have refused to close several loopholes, such as Chelsea's inter-club sales to themselves etc.

The clubs wanted the wording changed to be more specific. Spurs are building loads of housing around the stadium. If we rent them out or sell them should that not be part of our revenue, count towards psr? Chelsea selling to themselves, or possibly selling their training ground to themselves, or clubs selling their stadium to themselves should not count.

 

[Finney Is Back]

Nothings been given yet. Teams don't hand over their financial records to the prem till december. The prem make a decision in jan.

The reason we know about man utd is because they are on the new york stock exchange and have to post quarterly results. So it looks like they will try to include special exclusions.

We'll have to see what happens.

We know what will happen.... They will be given a little inconsequential slap on the wrist.

 

[Bedfordspurs]

We know what will happen.... They will be given a little inconsequential slap on the wrist.

100%

 

[Lilbaz]

We know what will happen.... They will be given a little inconsequential slap on the wrist.

If it's a psr breach the standard has been set. Points deduction.

The prem might accept the one off exclusions. If they don't though. It's an independent trinbunal.

 

[lee4545]

Posted last week - financial results for last 10 years + value of the club analysed

 

[Lilbaz]

Posted last week - financial results for last 10 years + value of the club analysed

Nice. But it touched on at the end of the vid. Price is determined by demand and supply. What enic is willing to sell for, what someone is willing to pay. Everything else is just negotiation.