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January 2021 Transfer Window

For UEFA regs to be relevant we’d have to to qualify for a UEFA competition. That is very unlikely to happen. With our net spend in the summer, Covid allowances we are well within that limit.
Don't believe that's the case with the financial commitments, we are tied to those as part of the settlement. Happy to be proved wrong, in all honesty, but I think we're locked in there.

Remains to be seen what effect the allowances will have, I understood it that they are just allowing a delay in results rolling 2 years into 1 rather than giving clubs relief, per se. Again, happy to be proved wrong on this.

Point being we are not going to be binge spending for the forseeable future. I don't think the club is in financial trouble, to be clear, but neither do we have as much headroom as some seem to think.
 
Don't believe that's the case with the financial commitments, we are tied to those as part of the settlement. Happy to be proved wrong, in all honesty, but I think we're locked in there.

Remains to be seen what effect the allowances will have, I understood it that they are just allowing a delay in results rolling 2 years into 1 rather than giving clubs relief, per se. Again, happy to be proved wrong on this.

Point being we are not going to be binge spending for the forseeable future. I don't think the club is in financial trouble, to be clear, but neither do we have as much headroom as some seem to think.
We are, but we are comfortably within them even with Covid. We made £20m in 2019, yet can lose £30m in 2020 and only have to break even in 2021.
 
I doubt we'll be in any European competition next season which is when the period runs to (21/22) so that point is probably moot along with our accounts which will no doubt show a break even point.

Given UEFA have extended and in some cases cancelled monitoring because of Covid I think we'll be OK.
 
Don't believe that's the case with the financial commitments, we are tied to those as part of the settlement. Happy to be proved wrong, in all honesty, but I think we're locked in there.

Remains to be seen what effect the allowances will have, I understood it that they are just allowing a delay in results rolling 2 years into 1 rather than giving clubs relief, per se. Again, happy to be proved wrong on this.

Point being we are not going to be binge spending for the forseeable future. I don't think the club is in financial trouble, to be clear, but neither do we have as much headroom as some seem to think.
I confess that I am not fully aware of all this ins and outs of the FPP issue. But , given the issues you and others highlight , does that not make the signing of Fabio seem even more strange? I will be a bit dejected , if after all the intimations from Nuno about the need to have a striker come in , the fact that there is an alleged list of 40 players we are looking at and our stated intention to re-balance the squad this window if nothing decent materialises.
 
I thought these were relaxed for this season?
This season will be merged with next season I think for the FFP.

The reason we got smacked on the wrist by UEFA was because of our final year in the Championship but that stops being an issue after this one
 
We are, but we are comfortably within them even with Covid. We made £20m in 2019, yet can lose £30m in 2020 and only have to break even in 2021.
That isn't quite true - the £30m loss (and the breakeven) covers a 3 year period. So anything we do now has to be factored in to us breaking even at the end of 21/22.

Again, I'm not saying we're in trouble, we're not. I just don't think we have the capacity to spend big repeatedly without offsetting it somewhere else, e.g. sales.

To Jasper's point, and without wishing to re-open the endless debate from the summer, hindsight is 20/20 - I doubt there was any expectation we would lose Raul indefinitely. But there was always a chance of serious injury as there is with any player, so at this point in time it does look something of an extravagance that maybe could've been spent better.

I do think the kid shows promise - his movement for one thing is good and he shows good understanding of how and where he needs to be, e.g. cutting in front of defenders at the near post, pulling away off the blind side, etc. I might be making this up but I have it in my head that Shearer always says movement is the hardest thing for a striker to learn - footballing intelligence, that kind of thing. It's what always used to get thrown at Walcott, for example. I don't think Fabio has that issue at all, he's just a couple years away from being physically mature at this point. Hopefully he has access to some weights and protein shakes during lockdown.

I do think we will have at least one striker by the end of the window, for what it's worth. Nuno's been pretty adamant about it by his standards and normally when he does so something happens, even if it's not immediate.
 
Bion, that's fair enough. I did not want to open that can of worms either! I had lost sight of the FPP sanctions though.
 
There is no FFP issue. We made a massive profit despite spending a fair amount. We have since spent less, and made loads of money on sales. With amortisation our profit over the last two years are likely even bigger.

Added the fact our wage bill is small in comparison to most as we don’t pay big wages and by the nature of a our small squad, don’t pay big wages to many.

Not spending money is not because we can’t. It’s because we don’t want/need to (pick whichever suits your standpoint)
 
That isn't quite true - the £30m loss (and the breakeven) covers a 3 year period. So anything we do now has to be factored in to us breaking even at the end of 21/22.

Again, I'm not saying we're in trouble, we're not. I just don't think we have the capacity to spend big repeatedly without offsetting it somewhere else, e.g. sales.

To Jasper's point, and without wishing to re-open the endless debate from the summer, hindsight is 20/20 - I doubt there was any expectation we would lose Raul indefinitely. But there was always a chance of serious injury as there is with any player, so at this point in time it does look something of an extravagance that maybe could've been spent better.

I do think the kid shows promise - his movement for one thing is good and he shows good understanding of how and where he needs to be, e.g. cutting in front of defenders at the near post, pulling away off the blind side, etc. I might be making this up but I have it in my head that Shearer always says movement is the hardest thing for a striker to learn - footballing intelligence, that kind of thing. It's what always used to get thrown at Walcott, for example. I don't think Fabio has that issue at all, he's just a couple years away from being physically mature at this point. Hopefully he has access to some weights and protein shakes during lockdown.

I do think we will have at least one striker by the end of the window, for what it's worth. Nuno's been pretty adamant about it by his standards and normally when he does so something happens, even if it's not immediate.
Yes, but as Kenny says the Championship season won't be relevant from the accounts which cover this season. We are operating within a budget (whatever that is) set by Fosun, not UEFA. I don't believe Fabio was signed instead of another forward in an either/or scenario irrespective of the cost.

I do feel we left ourselves open to circumstance there as I said the previous 2 seasons when it didn't prove costly, but don't believe that was linked to budgets or spending choices
 
That isn't quite true - the £30m loss (and the breakeven) covers a 3 year period. So anything we do now has to be factored in to us breaking even at the end of 21/22.

Again, I'm not saying we're in trouble, we're not. I just don't think we have the capacity to spend big repeatedly without offsetting it somewhere else, e.g. sales.

To Jasper's point, and without wishing to re-open the endless debate from the summer, hindsight is 20/20 - I doubt there was any expectation we would lose Raul indefinitely. But there was always a chance of serious injury as there is with any player, so at this point in time it does look something of an extravagance that maybe could've been spent better.

I do think the kid shows promise - his movement for one thing is good and he shows good understanding of how and where he needs to be, e.g. cutting in front of defenders at the near post, pulling away off the blind side, etc. I might be making this up but I have it in my head that Shearer always says movement is the hardest thing for a striker to learn - footballing intelligence, that kind of thing. It's what always used to get thrown at Walcott, for example. I don't think Fabio has that issue at all, he's just a couple years away from being physically mature at this point. Hopefully he has access to some weights and protein shakes during lockdown.

I do think we will have at least one striker by the end of the window, for what it's worth. Nuno's been pretty adamant about it by his standards and normally when he does so something happens, even if it's not immediate.
I put a link in my post from UEFA which shows TT is correct.
 
Need to bear in mind for these conversations - one of the reasons we make money and can therefore spend a bit more on transfers than other clubs is that we have a small squad - if we had experienced and therefore well paid backups for every position, we would not be making money, and would not be able to spend as much in the transfer market.
 
I put a link in my post from UEFA which shows TT is correct.
I re-read and yes, agreed - apologies if need be to Tony.

Seems a bit odd all the measurements are done on a 3 year rolling number but there's a specific loss number tied to one particular year...but hell, I'm not going to try and 2nd guess UEFA.
 
Need to bear in mind for these conversations - one of the reasons we make money and can therefore spend a bit more on transfers than other clubs is that we have a small squad - if we had experienced and therefore well paid backups for every position, we would not be making money, and would not be able to spend as much in the transfer market.
I'm fine with a small squad, there are some definite advantages, and I think our mixture of youth and experience is pretty well balanced. It's only the Raul backup that now looks like a miscalculation in terms of experience
 
Would real world finances be tighter than the paper finances used for FFP? Took a very small up front payment on Jota didn't they?

So £40m or whatever it was looked a good headline figure but very little of it in the bank account yet.
 
Would real world finances be tighter than the paper finances used for FFP? Took a very small up front payment on Jota didn't they?

So £40m or whatever it was looked a good headline figure but very little of it in the bank account yet.
I doubt it, money up front was why Porto sold Silva
 
I’d say it’s possible - we’re getting less cash in due to COVID, and haven’t got much of the cash for our transfers out, but paid the full Silva fee up front, and probably a decent chunk of the Semedo one.

it’s got to to be a consideration.
 
Would real world finances be tighter than the paper finances used for FFP? Took a very small up front payment on Jota didn't they?

So £40m or whatever it was looked a good headline figure but very little of it in the bank account yet.
Apart from Hoever effectively for free.
 
Doubt which part?

Sure I'd read somewhere one of the reasons Liverpool opted for Jota was the ability to pay very little up front.
The cash flow is an issue from a Wolves perspective, otherwise we wouldn't have paid £35m or the best part of it up front for someone.
 
Doubt which part?

Sure I'd read somewhere one of the reasons Liverpool opted for Jota was the ability to pay very little up front.
Not so much that, they wanted him regardless. But it was a lower fee now or a higher fee over a longer period. They went for the Crazy George's option.
 
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