Prestwich_Blue
Well-Known Member
I've said this somewhere earlier in the thread but it shows up the stupidity of the rolling 3-year system.No, maybe I'm reading your quote wrong.
A rolling period includes two or more continuous years and all such periods over the time frame selected. As an example, over any given 10 years, there are eight 3-year rolling periods (1986–1988, 1987–1989, 1988–1990, 1989–1991, etc.). The advantage of using rolling periods is bad returns cannot be hidden as easily.
Let's imagine these bottom line results from a club:
2021 £150m loss
2022 Breakeven
2023 £40m profit
That's an aggregate loss of £110m, therefore failing PSR, even though the trend of the results is positive. There really shouldn't be any issue with that sort of trend.
Now imagine:
2021 £40m profit
2022 Breakeven
2023 £150m loss
It's the same aggregate loss yet it should be ringing very loud alarm bells.