by Snowflake Royal »
01 Sep 2021 18:41
01 Sep 2021 18:41
Hound wrote:Stranded wrote:Hound wrote:Wonder how long this embargo is for as well. Do we come out of it if we behave ourselves this season? Was it just for this window or are we restricted to 8.5k contracts all year?
It’d be nice to know really. Guess they prob aren’t keen on sharing that info mind you
If I read the rules right, the embargo exists because with the submitted estimate of accounts it looks like we may breach the rules fully (and therefore be liable to a points deduction) so I would assume it would only get released if and when it becomes clear that the embargo has stopped that happening.
Otherwise, we may well be in a situation where we are embargoed and have points taken off either later this season or more likely next.
The embargo in itself definitely won’t stop us breaking the 39m over 3 year loss limit or get anywhere close I doubt
I’m assuming we’re in embargo instead of a points deduction and if we play nicely then we won’t get fined the points
Do we stay like this until our seasons losses are under control or until we don’t break 39m over 3 years? Be interesting to know but could well be in this embargo for the long term
Last season's accounts will tell us a lot. If the wage budget was still north of about £22m we're probably oxf*rd for another two to three seasons minimum.
If it was less, that means we probably got our loss down to about £10m - £20m, and this season could have it down to £5m - £10m which means with Covid adjustments and cooperation we might get a bit more leeway again next season.
My guess is, we've managed to avoid points deductions by not trying to fiddle the accounts, scapegoating Gourlay and showing year on year wage budget reductions since we took the piss two seasons ago. And begging. A lot.
But the missmanagement is frightening. Bare in mind we've known about the financial shit we're in for years. We put it off by selling the old training ground and stadium to balance the books. But without doing anything much to trim costs until forced. And that was, what, three or four seasons ago that started.