This will make Financial Fair Play worries for Newcastle United go away pretty quickly nufc
I was commenting on available spend the other day and the old chestnut of Financial Fair Play came up, with all of its confusing possibilities.
I am not going to go into the fact that it is not fair and all about holding back a takeover like ours, that is a whole story of its own. Rules E.45-E.52 in the Premier League’s handbook concern Financial Fair Play, or profit and sustainability. The league have changed what needs to be included in the accounts because of COVID-19.
In the three years between 2018-20 we made profit £38m, factor in FFP adjustments for academy etc of about £50m and this means the new owners had an allowable FFP loss of £105m plus £88m=£190m+ to play. This year’s profits will soar as we drop off the 2018 numbers and show the rise in revenue since the takeover.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Snoop Dogg recalls being outsmoked by Willie Nelson during epic Amsterdam nightIt’s no secret that Snoop Dogg is fond of cannabis and even has a professional blunt roller on his payroll.
Read more »
Five financial trends that 2022 killedInvestors had a tough time in 2022. But given how many trends changed direction over the course of the year, the real surprise is that it was not nastier
Read more »
Man Utd pounce on vulnerable PSV by 'instigating talks' as 'financial problems' alter Gakpo price - Football365PSV need to sell Cody Gakpo, and Man Utd have pounced by 'instigating talks' over a January transfer. MUFC
Read more »
Eddie Howe 'hoping' £60m Newcastle United star 'can play a big part in a busy January'Eddie Howe is 'hoping' that Newcastle United record signing Alexander Isak 'can play a big part in a busy January' as he prepares to return from injury.
Read more »
'A phenomenal speaker and great hands-on coach': What it's like to play under Steve BorthwickEx-England captain Chris Robshaw sheds light on what Borthwick will bring to the national team and backs him to make an instant impact
Read more »
De Zerbi will play Brighton midfielder Mac Allister 'when he's ready' after World Cup heroicsBrighton head coach Roberto De Zerbi will play Alexis Mac Allister “when he’s ready”, with the transition from the World Cup not easy.
Read more »