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The rule that Burnley have broken is the rule that they must submit accounts by 1st March 2023. As at January 2023, no rules had been broken.Embargo when there is no active transfer window, yet we were under an embargo during an active transfer window. Go figure
One possibility, although remote?There's no question of breaching FFP rules or being unable to pay debts.
This isn't a possibility. The owners have taken out £150m, not put money in.. They have put no money into the club, only into the previous owner's pocket. (The previous owner hadn't put anything in for several years, either.)One possibility, although remote?
Equity put in from 2019-20 to present or even 2018-19 to present?
If no equity put in the adjusted Upper Loss Limit for FFP is £15m in 3 seasons, equity takes it up to £105m in PL, £39m for a Championship regular or £22m per PL season- for Burnley £105m to last year and £88.5m to this.
To this season the £15m would be more applicable than last as Championship. Because Projected accounts go in during March for the existing season as well as the actuals for last year.
I’m no expert on this but surely you can’t separate the two can you? If £150m has left the club does it matter why that is, it’s still a loss isn’t it? Like I say it’s all a bit smoke and mirrors stuff to me but that would make sense to me otherwise it makes a mockery of the system if you just hide losses as money paid to the owner.This isn't a possibility. The owners have taken out £150m, not put money in.. They have put no money into the club, only into the previous owner's pocket. (The previous owner hadn't put anything in for several years, either.)
There is no FFP issue the club is profitable in its own right, no subsidy at all.
Yes a self funding model but does this account for the fall in income on relegation?This isn't a possibility. The owners have taken out £150m, not put money in.. They have put no money into the club, only into the previous owner's pocket. (The previous owner hadn't put anything in for several years, either.)
There is no FFP issue the club is profitable in its own right, no subsidy at all.
The problem at present is with last year's accounts, which still had PL income, so no ffp problem there. Not this year, anyway.Yes a self funding model but does this account for the fall in income on relegation?
Said it is a remote possibility as opposed to likely but adjusted losses to this season? Then again huge player sales, how are wage drops on relegation factored in? Seems to vary by club.
Having looked deeper I had forgotten to add back £20m of Covid losses over the 2 years so yes I struggle to see an FFP issue. Seems like an administrative oversight at this point.
Older, bigger etc etc etcTheir embargo isn’t as good as ours. We had one first & it’s a superior one. Burnley’s embargo is shit.
Embargo site also says P&S rule 2.1.3The problem at present is with last year's accounts, which still had PL income, so no ffp problem there. Not this year, anyway.
Wages aren't a big problem because we only have 7 players left on PL contracts. The others have all left or been sold.
How convenient that a November change of auditors delayed the submission of accounts (that still aren’t submitted).The rule that Burnley have broken is the rule that they must submit accounts by 1st March 2023. As at January 2023, no rules had been broken.
There's no question of breaching FFP rules or being unable to pay debts.
Shambles United FC.Nicely delayed to get embargoed after the transfer window closes. Not like our muppets.
The accounts weren't late until 2nd March 2023. They couldn't have p[ut in an embargo in January "just in case".How convenient that a November change of auditors delayed the submission of accounts (that still aren’t submitted).
That allowed four new players to be brought in in January.
Wot is Burnley hiding? We need to know.
Yeah, just pulling your leg dsr.The accounts weren't late until 2nd March 2023. They couldn't have p[ut in an embargo in January "just in case".
Maybe they’ve got the same accountants as WednesdayYeah, just pulling your leg dsr.
I’m sure everything is perfectly above board and nothing untoward will be revealed when the accounts are (finally) submitted.
Or Lester PiggottMaybe they’ve got the same accountants as Wednesday
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