M18CTID
Well-Known Member
For those asking how, in these days of FFP, they can spend so much money given that they didn't make that much profit in their last set of accounts, I've a couple of theories.
Firstly, I wouldn't be surprised if they'd negotiated an advance from Adidas in relation to their new kit deal. Perhaps they've also done the same with some of their other sponsors too. I'm not sure whether FFP allows them to do this but I'm guessing they're not breaking any rules.
Secondly, regardless of where this influx of money has come from don't forget that they're not in Europe this year so if they qualify next season but make a sizeable loss when next year's accounts are released, as we found out with the dippers they won't be assessed by UEFA because they weren't in Europe this season.
Either way, I get the feeling that this spending spree is pretty much a one-off under the current ownership model and they'll be back to more modest expenditure next summer so the club will have to hope that the Turtle Headed one delivers on the back of these signings because this smacks very much of a shit or bust tactic on their part.
Firstly, I wouldn't be surprised if they'd negotiated an advance from Adidas in relation to their new kit deal. Perhaps they've also done the same with some of their other sponsors too. I'm not sure whether FFP allows them to do this but I'm guessing they're not breaking any rules.
Secondly, regardless of where this influx of money has come from don't forget that they're not in Europe this year so if they qualify next season but make a sizeable loss when next year's accounts are released, as we found out with the dippers they won't be assessed by UEFA because they weren't in Europe this season.
Either way, I get the feeling that this spending spree is pretty much a one-off under the current ownership model and they'll be back to more modest expenditure next summer so the club will have to hope that the Turtle Headed one delivers on the back of these signings because this smacks very much of a shit or bust tactic on their part.