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And breathe... - Simon Dorset's annual deep dive into the accounts 15:41 - Feb 26 with 6311 viewsNorthernr

Big thanks to Simon for crunching the numbers again...

https://www.fansnetwork.co.uk/football/queensparkrangers/news/63896
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And breathe... - Simon Dorset's annual deep dive into the accounts on 22:19 - Feb 26 with 2093 viewsBrianMcCarthy

And breathe... - Simon Dorset's annual deep dive into the accounts on 22:18 - Feb 26 by Northernr

He was involved/running the place a good deal of time before his appointment was formally announced.


You mean...he lied when announcing...his own announcemount?

"The opposite of love, after all, is not hate, but indifference."
Poll: Player of the Year (so far)

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And breathe... - Simon Dorset's annual deep dive into the accounts on 22:25 - Feb 26 with 2047 viewsLongRanger

And breathe... - Simon Dorset's annual deep dive into the accounts on 22:18 - Feb 26 by Northernr

He was involved/running the place a good deal of time before his appointment was formally announced.


Cheers I didn’t realise, if he was/is a key driver of the improvement, fair play to him.
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And breathe... - Simon Dorset's annual deep dive into the accounts on 22:28 - Feb 26 with 2014 viewsMyke

And breathe... - Simon Dorset's annual deep dive into the accounts on 22:18 - Feb 26 by Northernr

He was involved/running the place a good deal of time before his appointment was formally announced.


Similar to many of our contract signings
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And breathe... - Simon Dorset's annual deep dive into the accounts on 23:11 - Feb 26 with 1929 viewsSimonD

And breathe... - Simon Dorset's annual deep dive into the accounts on 19:49 - Feb 26 by Rsole

Isn’t that the same gap that Leicester exploited with the change of prem and championship status ?

Neither in one or the other when it suited them and therefore avoided the serious point deduction and fines.

Smart legal advice and poor football admin. No doubt City will find something similar to exploit amongst the 100+


Leicester extended their accounting period and so straddled two seasons. Perfectly acceptable in the business world, but only allowed due to badly written FFP regulations. I'm sure the regs used to say that for clubs whose accounting periods didn't end in May, June of July, they had to prepare FFP returned to 30th June.
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And breathe... - Simon Dorset's annual deep dive into the accounts on 07:08 - Feb 27 with 1644 viewsNorthernr

And breathe... - Simon Dorset's annual deep dive into the accounts on 22:19 - Feb 26 by BrianMcCarthy

You mean...he lied when announcing...his own announcemount?


Now, now Brian.
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And breathe... - Simon Dorset's annual deep dive into the accounts on 07:12 - Feb 27 with 1634 viewsWilkinswatercarrier

And breathe... - Simon Dorset's annual deep dive into the accounts on 18:12 - Feb 26 by ngbqpr

In the 5 or so years before finally reaching the Prem, Brentford sold around 10 players for 5 million plus each...including biggies like Benrahma and Watkins...and replaced them well enough to keep upward momentum and eventually not only go up, but stay there.

Now we all know about Benham's business / advantage with player info etc etc - but it still shows it can be done this way.


Agree. It is a very achievable goal to reach the PL, and remain there, as long as the club is being run correctly. Look at us this year, cut adrift in November to 4 points off the play offs come February. With a not great team.
Get it right off the pitch and success will naturally follow. I am actually very optimistic for the next few seasons now.
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And breathe... - Simon Dorset's annual deep dive into the accounts on 08:51 - Feb 27 with 1471 viewsBrianMcCarthy

And breathe... - Simon Dorset's annual deep dive into the accounts on 07:08 - Feb 27 by Northernr

Now, now Brian.


I know, I shouldn't joke about Nourry.

He was, to be fair, the man who discovered and bought Rodney Marsh.

"The opposite of love, after all, is not hate, but indifference."
Poll: Player of the Year (so far)

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And breathe... - Simon Dorset's annual deep dive into the accounts on 09:00 - Feb 27 with 1452 viewsSimonD

As Clive made the effort to source Swiss Ramble's revised disallowables estimates, the least I can do is update the FFP table.

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And breathe... - Simon Dorset's annual deep dive into the accounts on 09:26 - Feb 27 with 1404 viewsBristolR

And breathe... - Simon Dorset's annual deep dive into the accounts on 08:51 - Feb 27 by BrianMcCarthy

I know, I shouldn't joke about Nourry.

He was, to be fair, the man who discovered and bought Rodney Marsh.


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And breathe... - Simon Dorset's annual deep dive into the accounts on 09:55 - Feb 27 with 1325 viewsterryb

And breathe... - Simon Dorset's annual deep dive into the accounts on 09:00 - Feb 27 by SimonD

As Clive made the effort to source Swiss Ramble's revised disallowables estimates, the least I can do is update the FFP table.



It looks as if a breach was never a doubt then, just as you kept telling us. Well, repeatedly reassuring Beth!

Thanks for updating Simon. See you Saturday.
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And breathe... - Simon Dorset's annual deep dive into the accounts on 10:22 - Feb 27 with 1280 viewsfrancisbowles

Thank you Simon and well done to the owners and Noury.

Those creative mainly owner sponsorship deals seem to have been the difference, just as we thought and hoped they would be. Just done in the nick of time too.

Nobody appeared to want to sponsor the ground etc so the owners put their hands in their pockets, again, and saved us from the wrath of the EFL.
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And breathe... - Simon Dorset's annual deep dive into the accounts on 10:48 - Feb 27 with 1223 viewsEastR

And breathe... - Simon Dorset's annual deep dive into the accounts on 09:00 - Feb 27 by SimonD

As Clive made the effort to source Swiss Ramble's revised disallowables estimates, the least I can do is update the FFP table.



Hi Simon

Thanks for the analysis.

I don't think your cumulative numbers have updated to reflect the adjusted disallowable cost figures.
The rolling 3 year loss becomes -37,705 to give the 1,295.

Poll: Is time up for Ainsworth?

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And breathe... - Simon Dorset's annual deep dive into the accounts on 11:05 - Feb 27 with 1170 viewsSimonD

And breathe... - Simon Dorset's annual deep dive into the accounts on 10:48 - Feb 27 by EastR

Hi Simon

Thanks for the analysis.

I don't think your cumulative numbers have updated to reflect the adjusted disallowable cost figures.
The rolling 3 year loss becomes -37,705 to give the 1,295.


Well spotted, you are right. I only checked the bottom line.
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And breathe... - Simon Dorset's annual deep dive into the accounts on 11:11 - Feb 27 with 1150 viewsNorthernr

And breathe... - Simon Dorset's annual deep dive into the accounts on 11:05 - Feb 27 by SimonD

Well spotted, you are right. I only checked the bottom line.


Send us it again I'll redo it...
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And breathe... - Simon Dorset's annual deep dive into the accounts on 11:18 - Feb 27 with 1131 viewsNorthernr

As if by magic



This post has been edited by an administrator
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And breathe... - Simon Dorset's annual deep dive into the accounts on 11:34 - Feb 27 with 1095 viewslassel

And breathe... - Simon Dorset's annual deep dive into the accounts on 09:55 - Feb 27 by terryb

It looks as if a breach was never a doubt then, just as you kept telling us. Well, repeatedly reassuring Beth!

Thanks for updating Simon. See you Saturday.


If we work on the agreement that the numbers are more or less right, it shows exactly why we had to have signings last season agree to defer most of their salary to this season, as the wiggle room accounts to c.£25k a week in wages, which doesn’t go far these days in the Championship.
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And breathe... - Simon Dorset's annual deep dive into the accounts on 12:52 - Feb 27 with 928 viewsMyke

And breathe... - Simon Dorset's annual deep dive into the accounts on 10:48 - Feb 27 by EastR

Hi Simon

Thanks for the analysis.

I don't think your cumulative numbers have updated to reflect the adjusted disallowable cost figures.
The rolling 3 year loss becomes -37,705 to give the 1,295.


It's remarkable. I consider myself 'reasonably' intelligent, with a fairly decent education, but I can not make one jot of sense of this. Utterly utterly useless when it comes to figures. Am I right in saying we have just squeezed in under the permitted 39M deficit over the rolling 3 year period?
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And breathe... - Simon Dorset's annual deep dive into the accounts on 13:00 - Feb 27 with 904 viewsSimonD

And breathe... - Simon Dorset's annual deep dive into the accounts on 12:52 - Feb 27 by Myke

It's remarkable. I consider myself 'reasonably' intelligent, with a fairly decent education, but I can not make one jot of sense of this. Utterly utterly useless when it comes to figures. Am I right in saying we have just squeezed in under the permitted 39M deficit over the rolling 3 year period?


We did Myke.

Our losses, after allowances, were £37,705,000, we were allowed to lose, £39,000,000. We snuck under by £1,295,000.

Never in doubt.....
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And breathe... - Simon Dorset's annual deep dive into the accounts on 13:01 - Feb 27 with 902 viewsNorthernr

And breathe... - Simon Dorset's annual deep dive into the accounts on 12:52 - Feb 27 by Myke

It's remarkable. I consider myself 'reasonably' intelligent, with a fairly decent education, but I can not make one jot of sense of this. Utterly utterly useless when it comes to figures. Am I right in saying we have just squeezed in under the permitted 39M deficit over the rolling 3 year period?


By about £1m. So choose your fighter really. The sponsorship of the ground and the stands. The knockdown price sales of Dieng and Dickie. The deferral of wages to the following year by Colback, Cook, Andersen, Frey. Without any one of these we'd have been in the sht. It was close.
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And breathe... - Simon Dorset's annual deep dive into the accounts on 13:07 - Feb 27 with 870 viewsSimonD

And breathe... - Simon Dorset's annual deep dive into the accounts on 13:01 - Feb 27 by Northernr

By about £1m. So choose your fighter really. The sponsorship of the ground and the stands. The knockdown price sales of Dieng and Dickie. The deferral of wages to the following year by Colback, Cook, Andersen, Frey. Without any one of these we'd have been in the sht. It was close.


But well managed
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And breathe... - Simon Dorset's annual deep dive into the accounts on 13:36 - Feb 27 with 754 viewsMrSheen

And breathe... - Simon Dorset's annual deep dive into the accounts on 08:51 - Feb 27 by BrianMcCarthy

I know, I shouldn't joke about Nourry.

He was, to be fair, the man who discovered and bought Rodney Marsh.


Successfully locked his mother into a long term contract with service guarantees and secured rolling options on his father with punitive break clauses.
[Post edited 27 Feb 13:39]
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And breathe... - Simon Dorset's annual deep dive into the accounts on 14:07 - Feb 27 with 657 viewsmikeyhg

Do we know what makes up the disallowable costs (doubt it) and why they increased? I presume the answer to the second question depends on the answer to the first.
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And breathe... - Simon Dorset's annual deep dive into the accounts on 14:23 - Feb 27 with 604 viewsSimonD

And breathe... - Simon Dorset's annual deep dive into the accounts on 14:07 - Feb 27 by mikeyhg

Do we know what makes up the disallowable costs (doubt it) and why they increased? I presume the answer to the second question depends on the answer to the first.


The disallowable costs comprise expenditure on infrastructure projects, depreciation of fixed assets, youth development, community schemes and women’s football

The opening of the training facility (a fixed asset) has seen a measurable rise in depreciation, and the cost of the academy has risen. Whether this is genuine or having the academy and first team sharing facility has blurred the edges is open to interpretation.
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And breathe... - Simon Dorset's annual deep dive into the accounts on 17:21 - Feb 27 with 379 viewsLongRanger

And breathe... - Simon Dorset's annual deep dive into the accounts on 13:01 - Feb 27 by Northernr

By about £1m. So choose your fighter really. The sponsorship of the ground and the stands. The knockdown price sales of Dieng and Dickie. The deferral of wages to the following year by Colback, Cook, Andersen, Frey. Without any one of these we'd have been in the sht. It was close.


Simon/Clive, do we have any insight as to which of these 3 areas were identified as accounting opportunities by the Retexo audit and which were already planned by the previous management team? Also how we amortise spend and report depreciation can be a big factor in smart accounting, again has this approach changed since the Retexo audit? Sounds like Nourry has executed the plan pre/post January, but would be interesting to know if we're now seeing early stage output from the Retexo work?

I've voiced a big concern about Nourry before and it remains, I don't think he's the second coming he seems to think he is, but happy to be proven wrong, we'll find out for sure in about 3 years if he's the real deal, but potentially a good first step
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And breathe... - Simon Dorset's annual deep dive into the accounts on 18:44 - Feb 27 with 238 viewsWatfordR

Re the FFP cost of living increase, is that an increase in the £13m annual permissable loss? And if so, do we know yet what that increase will be?
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