Double jeopardy...that first year should be max out to 35 millions the in the new psr cycle if we follow efl rules...we are not sure how much exactly we will be able to deduct from year 3 losses...We've been charged for the financial year just gone mate. So we are charged of being in breach on the below:
Year 1: Losses £139.9m in 2019-20 & £120.9m in 20-21
* These years are averaged due to Covid i.e. Add them both together and divide by 2 = a loss of 130.35. The club argued that we had crystallized losses of £82.1 mill due to Covid that were accepted by the PL. So the total accepted PSR loss for year is £48.25mill
Year 2: £44.7m - after PSR deductions - id say about 20 odd million PSR loss.
Year 3: £89.1m - again somewhere between 60-70 mill PSR loss.
I don't see how we aren't in breach for the second charge.
Going into next year, we could well breach and be charged again, we probably need to sell before June 30th. Although possible rule changes could also have an impact.
We will do nothing in the summer and try and sell everyone.
Its really bad.
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