| Hull clearance sale 10:25 - Jun 9 with 5655 views | KensalT |
I was going to put this on the Rest of the Championship thread but that has already been locked (premature climax issues!?)
There should be a few bargains to be had on Humberside in the coming weeks. Hull need to clear £6m in sales before the end of the month
[Post edited 9 Jun 11:43]
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| Hull clearance sale on 10:27 - Jun 9 with 5619 views | Northernr |
Oh I think I meant to lock that and start a new one then forgot! |  | | |
| Hull clearance sale on 10:27 - Jun 9 with 5612 views | stowmarketrange |
How does that make sense if they’ve just been guaranteed £120 million for getting promoted?When will they be allowed to buy players for a season in the premier league? |  | | |
| Hull clearance sale on 10:29 - Jun 9 with 5592 views | dannyblue |
You can think of plenty of ways around this, especially with their upcoming injection of cash.
Why don't they sell one of the players to someone for £6m (due in 12 months) with a guaranteed buy back in September for £6.1m - i.e., here's 100k for your trouble.
Maybe something like the Chris Samba deal. |  | | |
| Hull clearance sale on 11:48 - Jun 9 with 5218 views | KensalT |
| Hull clearance sale on 10:27 - Jun 9 by stowmarketrange |
How does that make sense if they’ve just been guaranteed £120 million for getting promoted?When will they be allowed to buy players for a season in the premier league? |
The £120m is for next season.
But they still need to balance the books for this season to avoid a points deduction.
In the past promoted clubs just ignored it and hoped they didn't come straight back down.
Since the business of Leicester wriggling out of a penalty a couple of seasons ago the rules have been changed so that penalties can be carried over between the PL and Championship.
Hence the need for Hull to generate some funds pronto. | | | |
| Hull clearance sale on 11:54 - Jun 9 with 5190 views | ted_hendrix |
I find all this mind-boggling.
''One of these days, I'm going to cut you into little pieces'' |  |
| My Father had a profound influence on me, he was a lunatic. |
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| Hull clearance sale on 14:05 - Jun 9 with 4826 views | nick_hammersmith |
| Hull clearance sale on 11:48 - Jun 9 by KensalT |
The £120m is for next season.
But they still need to balance the books for this season to avoid a points deduction.
In the past promoted clubs just ignored it and hoped they didn't come straight back down.
Since the business of Leicester wriggling out of a penalty a couple of seasons ago the rules have been changed so that penalties can be carried over between the PL and Championship.
Hence the need for Hull to generate some funds pronto. |
You've really got to feel for those teams that finish runners up in the Play offs.
That year we cheated, Derby almost went bankrupt because they didn't go up.
Every year that final game gets more on it. I guess now they are promoted Hull have some options, but if they had of stayed in the Champ it really would have been a fire sale then? |  | | |
| Hull clearance sale on 14:59 - Jun 9 with 4641 views | bosh67 |
Liam Millar? A very Lee Cook, Luke Freeman, us type player. |  |
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| Hull clearance sale on 15:08 - Jun 9 with 4617 views | KensalT |
| Hull clearance sale on 14:05 - Jun 9 by nick_hammersmith |
You've really got to feel for those teams that finish runners up in the Play offs.
That year we cheated, Derby almost went bankrupt because they didn't go up.
Every year that final game gets more on it. I guess now they are promoted Hull have some options, but if they had of stayed in the Champ it really would have been a fire sale then? |
Hull seem to have big question marks over their finances every summer.
They really sail close to the wind. | | | |
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| Hull clearance sale on 17:00 - Jun 9 with 4415 views | DWQPR |
| Hull clearance sale on 14:05 - Jun 9 by nick_hammersmith |
You've really got to feel for those teams that finish runners up in the Play offs.
That year we cheated, Derby almost went bankrupt because they didn't go up.
Every year that final game gets more on it. I guess now they are promoted Hull have some options, but if they had of stayed in the Champ it really would have been a fire sale then? |
Derby didn’t almost go bust because of our overspending, they went bust because their owner Mel Morris thought he could bend the rules on amortisation thinking he could then spend more than he was allowed under FFP, with the quote that ‘he had the EFL on a piece of string’. He subsequently spent too much, banking on Fat Frank to get Derby up and the rest is history. |  |
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| Hull clearance sale on 22:04 - Jun 9 with 4011 views | Match82 |
| Hull clearance sale on 10:29 - Jun 9 by dannyblue |
You can think of plenty of ways around this, especially with their upcoming injection of cash.
Why don't they sell one of the players to someone for £6m (due in 12 months) with a guaranteed buy back in September for £6.1m - i.e., here's 100k for your trouble.
Maybe something like the Chris Samba deal. |
This will be exactly what happens.
Maybe they should just call Watford, they like to do that shady stuff with Udinese constantly |  | | |
| Hull clearance sale on 11:50 - Jun 10 with 3547 views | nick_hammersmith |
| Hull clearance sale on 17:00 - Jun 9 by DWQPR |
Derby didn’t almost go bust because of our overspending, they went bust because their owner Mel Morris thought he could bend the rules on amortisation thinking he could then spend more than he was allowed under FFP, with the quote that ‘he had the EFL on a piece of string’. He subsequently spent too much, banking on Fat Frank to get Derby up and the rest is history. |
I wasn't saying QPR were responsible for Derby.
But I guess there is an indirect effect. In that race for promotion the teams are literally competing with their budgets as well as on the field.
I just checked Capology and the three promoted teams this year all had a large budget, with Millwall an outlier.
It looks like Hull were promoted this season after a push like our last year with Warburton, where we stretched the losses to breaking point in the hopes of a good run | | | |
| Hull clearance sale on 12:42 - Jun 10 with 3444 views | DWQPR |
| Hull clearance sale on 11:50 - Jun 10 by nick_hammersmith |
I wasn't saying QPR were responsible for Derby.
But I guess there is an indirect effect. In that race for promotion the teams are literally competing with their budgets as well as on the field.
I just checked Capology and the three promoted teams this year all had a large budget, with Millwall an outlier.
It looks like Hull were promoted this season after a push like our last year with Warburton, where we stretched the losses to breaking point in the hopes of a good run |
I think that the people at fault here are the EFL. They imposed a transfer embargo on Hull City because of over spending but what they should have done is impose a limit on the amount of players they could sign on free transfers (which no doubt also included signing on fees - so what’s the difference between that and transfer fees), and the amount that they could spend on wages, i.e. impose a wage cap to ensure that their spending was within limits. This failure by the EFL allowed them to gamble on players such as McBurnie (whether you think of him any good or not, he scored a lot of goals for them), and they end up with an overspend of £6million which would have been a lot worse had they not reached the playoffs and shared in the additional revenue created. | |
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| Hull clearance sale on 12:50 - Jun 10 with 3418 views | bullshootr |
| Hull clearance sale on 12:42 - Jun 10 by DWQPR |
I think that the people at fault here are the EFL. They imposed a transfer embargo on Hull City because of over spending but what they should have done is impose a limit on the amount of players they could sign on free transfers (which no doubt also included signing on fees - so what’s the difference between that and transfer fees), and the amount that they could spend on wages, i.e. impose a wage cap to ensure that their spending was within limits. This failure by the EFL allowed them to gamble on players such as McBurnie (whether you think of him any good or not, he scored a lot of goals for them), and they end up with an overspend of £6million which would have been a lot worse had they not reached the playoffs and shared in the additional revenue created. |
Just out of curiosity, for us non-accountants.
When do the promotion bonuses get paid?
Do they come out of this season's accounts or can they be delayed until they start getting PL money? | | | |
| Hull clearance sale on 14:29 - Jun 10 with 3256 views | KensalT |
| Hull clearance sale on 14:05 - Jun 9 by nick_hammersmith |
You've really got to feel for those teams that finish runners up in the Play offs.
That year we cheated, Derby almost went bankrupt because they didn't go up.
Every year that final game gets more on it. I guess now they are promoted Hull have some options, but if they had of stayed in the Champ it really would have been a fire sale then? |
On the subject of us 'outspending' Derby to secure promotion.
Everton has been ordered to pay Burnley £40m compensation because it's PSR breaches in 2021/22 gave them an unfair advantage over Burnley in the relegation battle that season.
Everton are going to appeal.
I think too much time has passed for Derby to make a similar claim against us, but I will bet they are looking hard at their options
[Post edited 10 Jun 15:16]
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| Hull clearance sale on 17:30 - Jun 10 with 3063 views | nick_hammersmith |
| Hull clearance sale on 12:42 - Jun 10 by DWQPR |
I think that the people at fault here are the EFL. They imposed a transfer embargo on Hull City because of over spending but what they should have done is impose a limit on the amount of players they could sign on free transfers (which no doubt also included signing on fees - so what’s the difference between that and transfer fees), and the amount that they could spend on wages, i.e. impose a wage cap to ensure that their spending was within limits. This failure by the EFL allowed them to gamble on players such as McBurnie (whether you think of him any good or not, he scored a lot of goals for them), and they end up with an overspend of £6million which would have been a lot worse had they not reached the playoffs and shared in the additional revenue created. |
Yep, I agree.
Didn't the clubs vote again recently to change some of the PSR rules?
The EFL seem reactive to most things, as most noted recently with the Southampton spygate. Despite updating the rules after Leeds they hadn't really considered the playoffs and had to do some last minute maths before the final...
If the EFL want to continue with the Championship being "the most competitive league in the world™" then they really need to work on those parachute club payments, as the advantage those teams have every year is embarrassing
(apart from Luton and Leicester proving my point wrong recently! ;p ) | | | |
| Hull clearance sale on 14:53 - Jul 1 with 1827 views | Landshark |
https://www.bbc.co.uk/sport/fo
On Wednesday morning Hull confirmed that Shehu had been sold to Panathinaikos for a reported £2.5m.
The sale of the 19-year-old - signed from Southend United two years ago for a small compensation figure - is effectively pure profit for Hull's PSR calculation.
The Albania Under-21 international did not make a first-team appearance for Hull and spent the end of last season on loan at Scarborough Athletic.
So you're telling me that a player that has not played a first team game for Hull City, spent the 2nd half of last season at Scarborough Athletic in the National League North playing a grand total of 35 minutes is worth £2.5 million?! | | | |
| Hull clearance sale on 15:01 - Jul 1 with 1771 views | TomS |
| Hull clearance sale on 14:53 - Jul 1 by Landshark |
https://www.bbc.co.uk/sport/fo
On Wednesday morning Hull confirmed that Shehu had been sold to Panathinaikos for a reported £2.5m.
The sale of the 19-year-old - signed from Southend United two years ago for a small compensation figure - is effectively pure profit for Hull's PSR calculation.
The Albania Under-21 international did not make a first-team appearance for Hull and spent the end of last season on loan at Scarborough Athletic.
So you're telling me that a player that has not played a first team game for Hull City, spent the 2nd half of last season at Scarborough Athletic in the National League North playing a grand total of 35 minutes is worth £2.5 million?! |
I would be interested in reading the small print in that deal. Maybe there's a buy-back clause for Stg2.75m which could be triggered by either club within the next 12 months? [Post edited 1 Jul 15:37]
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