My reading of it is that its rolling 3 years. So as you add the current year, you knock one off.
so current would be 19/20, 18/19, 17/18.
with the thing they’ve done they’ve extended the current period by 12 months.
so the periods would be 19/20 & 20/21, 18/19, 17/18.
17/18 was a bad one for transfer spend but you are right in thinking that all our contracts roll off by the end of the current, extended period. Provided that we sell the players and bring the loss down by the summer 2021, we’d be looking very good going forward.
we’d have got the wage bill down, reduced the losses and have 17/18 dropping from the rolling period.
You’d think any sales would also make a decent profit in the current period as book value would be reduced so much already (we’ve already taken the majority of the amortised cost hit). Also means market values have time to inflate again.
You could probably estimate how much we need to make back in sales based on our current deficit, player book values and the players to be sold.
what I don’t know is if 19/20 & 20/21, will always be counted as a single period. If not, we’d lose both 17/18 & 18/19 once 21/2 is added (which again is great for our spending).
It’s why we’ve been able to spend. Ideally, we put ourselves in a position to be self sustainable. But, provided Moshiri *wants* to spend and isn’t bothered by the fact that’s he’s already wasted money, we have scope to spend AND remain compliant.
@Zatara
