Page 2 of 2
Re: ' VINCENT TAN TO GIVE WARNOCK FULL BACKING '
Posted: Mon Oct 24, 2016 10:54 am
by Tony Blue Williams
I'm not sure how the writing off of £62m of debt affects FFP. I know that VT can put in £8m and we can lose another £5m per season without sanction but does the writing off of such a large amount give us anymore wriggle room?
Re: ' VINCENT TAN TO GIVE WARNOCK FULL BACKING '
Posted: Mon Oct 24, 2016 11:27 am
by ccfcsince62
Tony Blue Williams wrote:I'm not sure how the writing off of £62m of debt affects FFP. I know that VT can put in £8m and we can lose another £5m per season without sanction but does the writing off of such a large amount give us anymore wriggle room?
You are correct Tony. It has no impact on FFP compliance as it was promised as a conversion of debt to shares rather than a write-off. The former greatly improves the balance sheet , but has no impact on the profit and loss account which is what FFP is all about.
The promised follow up of a
write off[b][/b]of £8m a year for 5 years does improve the FFP position
Re: ' VINCENT TAN TO GIVE WARNOCK FULL BACKING '
Posted: Mon Oct 24, 2016 11:30 am
by wez1927
Stringfellow wrote:carlccfc wrote:Vincent Tan is ready to back Neil Warnock for a promotion push in January if Warnock can get the Bluebirds up the table come January.
If City are a top ten side in January then Tan has pledged his full backing to Warnock in the January transfer window.
Could be an exciting time ahead
IMG_1524.JPG
Carl, heard this as well and also if things progress but without promotion to expect a full promotion push next season. The penny has dropped as only a few months ago we were selling David Marshall. Don't write off a return to the capital for Scotland's number one.
we d9nt need Marshall amos has proved he's a good keeper plus he's younger
Re: ' VINCENT TAN TO GIVE WARNOCK FULL BACKING '
Posted: Mon Oct 24, 2016 5:58 pm
by Tony Blue Williams
ccfcsince62 wrote:Tony Blue Williams wrote:I'm not sure how the writing off of £62m of debt affects FFP. I know that VT can put in £8m and we can lose another £5m per season without sanction but does the writing off of such a large amount give us anymore wriggle room?
You are correct Tony. It has no impact on FFP compliance as it was promised as a conversion of debt to shares rather than a write-off. The former greatly improves the balance sheet , but has no impact on the profit and loss account which is what FFP is all about.
The promised follow up of a
write off[b][/b]of £8m a year for 5 years does improve the FFP position
I was hoping you would pop up Keith and clear that up. Thanks.
Re: ' VINCENT TAN TO GIVE WARNOCK FULL BACKING '
Posted: Tue Oct 25, 2016 6:12 pm
by DreamWelsh
I would go all out for a decent striker if u was Warnock, no need to break te bank and send us more in debt, offload Jazz Richards and manga free up some money and get a striker and midfielder in, Warnock won't bring any mugs in.