This years accounts for 2021/2022 to be released before 31 March is expected to be around another £70 million loss.
It's touch and go if they will fail Premier League P&S three year average of £110 million
This could be why for T+1 and T+2 projections they've had to book the Gordon money to show a trend of profit or improvement. To avoid sanctions
...
I would also add it's not a one year hole. Baxendale and Kenwright have proven entirely unable to meet the revenue needs of the club.
Baxendale trumpeted a +£300,000 per year increase on Cazoo in the Stake deal as amazing performance. Its pathetic. Its barely 1/3 of her ridiculous annual salary.
How much do we think the model i.e over spending was purposeful though as opposed to negligence - i think the club has been overt in saying it was going to invest beyond its means and cost base to have a crack at progression, like CIty and Chelsea, im not sure it was accidental at all.
Now im certainly not saying it was clever and i called it at the time - im not and have never been a fan of that dependency model - for the reasons we see today, but i dont think it wasn't purposeful.
What the club did with the investment mind, was negligent - thats where the criticism in in my opinion, but i think spending beyond our means and increasing our cost base was intentional.
