Tucker Posted December 7, 2011 Share Posted December 7, 2011 http://www1.skysports.com/football/news/11688/7358062/ Nottingham Forest have announced total losses of £11.4million for the financial year ending May 31, 2011. The figure is actually less than the previous financial year, where the accounts showed losses of £12.3million. Turnover increased by three per cent to £15.2million, mainly due to higher 'solidarity payments' made by Premier League sides to Championship clubs. However, staff costs increased six per cent to £16.6million with wages representing 106% of total turnover. The City Ground outfit's losses are covered by outgoing chairman Nigel Doughty, who pumped in £11.4million last year. When FFP comes into action... Link to comment Share on other sites More sharing options...
Leeds Ram Posted December 7, 2011 Share Posted December 7, 2011 forest are going down with a fiver in the bank 'http://www.dcfcfans.co.uk/public/style_emoticons/<#EMO_DIR#>/tongue' class='bbc_emoticon' alt=':P' /> 'http://www.dcfcfans.co.uk/public/style_emoticons/<#EMO_DIR#>/biggrin' class='bbc_emoticon' alt=':D' /> Link to comment Share on other sites More sharing options...
trekkie_ram Posted December 7, 2011 Share Posted December 7, 2011 When FFP comes in, then what? Has something better than 'not being allowed to compete in Europe' been decided yet? Link to comment Share on other sites More sharing options...
Boycie Posted December 7, 2011 Share Posted December 7, 2011 When FFP comes in, then what? Has something better than 'not being allowed to compete in Europe' been decided yet? No need, they won it twice, back to back you know. 30 years ago mind. Link to comment Share on other sites More sharing options...
Leeds Ram Posted December 7, 2011 Share Posted December 7, 2011 really boycie, I never knew they don't mention it often 'http://www.dcfcfans.co.uk/public/style_emoticons/<#EMO_DIR#>/wink' class='bbc_emoticon' alt=';)' /> Link to comment Share on other sites More sharing options...
ramesses Posted December 7, 2011 Share Posted December 7, 2011 When FFP comes in, then what? Has something better than 'not being allowed to compete in Europe' been decided yet? Nothing more, as far as I can tell. When FFP rules comes into action I can’t see anything happening to Notts F in the way of sanctions. FFP will take 3 years to implement fully. Then there’ll probably be another couple of years when the rich club’s lawyers will try to exploit the inevitable legal loopholes. After all that, if Notts F are still breaking the FFP rules, then they will face the ‘only’ sanction I’ve heard of so far of not being allowed to compete in UEFA European comptetitions. We all know that Notts F will be firmly stuck in the lower half of the third tier by then – so this won’t affect them in the slightest… …sadly. Link to comment Share on other sites More sharing options...
-JW- Posted December 7, 2011 Share Posted December 7, 2011 Forest announce losses. Whats new here? They announce this every saturday. Link to comment Share on other sites More sharing options...
Red_Dawn Posted December 7, 2011 Share Posted December 7, 2011 forest are going down with a fiver in the bank 'http://www.dcfcfans.co.uk/public/style_emoticons/<#EMO_DIR#>/tongue' class='bbc_emoticon' alt=':P' /> 'http://www.dcfcfans.co.uk/public/style_emoticons/<#EMO_DIR#>/biggrin' class='bbc_emoticon' alt=':D' /> With a fiver in the bank? Your optimistic! Link to comment Share on other sites More sharing options...
Boycie Posted December 7, 2011 Share Posted December 7, 2011 He's right, it'll be a iou for a fiver. Boom! 'http://www.dcfcfans.co.uk/public/style_emoticons/<#EMO_DIR#>/smile' class='bbc_emoticon' alt=':)' /> 'http://www.dcfcfans.co.uk/public/style_emoticons/<#EMO_DIR#>/tongue' class='bbc_emoticon' alt=':P' /> Link to comment Share on other sites More sharing options...
Red_Dawn Posted December 7, 2011 Share Posted December 7, 2011 Whoever is last out turn off the lights. Link to comment Share on other sites More sharing options...
archram Posted December 7, 2011 Share Posted December 7, 2011 Whoever is last out turn off the lights. Won't need to as they'll have been cut off for not paying the leccy bill!! 'http://www.dcfcfans.co.uk/public/style_emoticons/<#EMO_DIR#>/smile' class='bbc_emoticon' alt=':)' /> Link to comment Share on other sites More sharing options...
Boycie Posted December 7, 2011 Share Posted December 7, 2011 The council will be evicting them at this rate. Link to comment Share on other sites More sharing options...
-JW- Posted December 7, 2011 Share Posted December 7, 2011 http://i.telegraph.co.uk/multimedia/archive/01244/billy-davies_1244102c The council will be evicting them at this rate. Link to comment Share on other sites More sharing options...
Donny Ram Posted December 8, 2011 Share Posted December 8, 2011 The accounts of football league clubs governed by FFP restrictions are independantly audited, so I found out a couple of weeks ago. Failure to comply means non-compliance with Football League regulations and may result in a points deduction, relegation or expulsion from the Football League for repeated offences. This is going to result in the remaining 5 members of the Football League qualifying for Europe as all the Premier League clubs will be banned Link to comment Share on other sites More sharing options...
davenportram Posted December 8, 2011 Share Posted December 8, 2011 Forest have published their accounts up to May 2011 - why so early- we always post ours a lot later don't we. Fire sale in january with these losses as the reason me thinks. Link to comment Share on other sites More sharing options...
Red_Dawn Posted December 8, 2011 Share Posted December 8, 2011 FFP wont be as big as everybody making out. If they were mega stringent then three quarters of teams would end up with points reductions. Its been suggested that as long as clubs show they are moving towards being self sufficient, they will be ok. Link to comment Share on other sites More sharing options...
ramesses Posted December 8, 2011 Share Posted December 8, 2011 The accounts of football league clubs governed by FFP restrictions are independantly audited, so I found out a couple of weeks ago. Failure to comply means non-compliance with Football League regulations and may result in a points deduction, relegation or expulsion from the Football League for repeated offences....... Missed that. Do you have a linky? Link to comment Share on other sites More sharing options...
Donny Ram Posted January 4, 2012 Share Posted January 4, 2012 Missed that. Do you have a linky? Had it quoted to me by the chairman of a club who have to comply at the moment. I was casting doubt on clubs complying with the new regs and was informed it's not as easy as the press are making out to decide to not comply. I asked why and he advised me of the independant auditing and failure penalties for non-compliance. I think we will see significant reductions in contracts being handed out by Championship clubs when it comes to re-negotiating extensions or renewal of current deals, especially when the FFP regs and TV revenue drop both hit home. Link to comment Share on other sites More sharing options...
davenportram Posted January 4, 2012 Share Posted January 4, 2012 Could we be in a position to benefit in the summer I wonder? . Link to comment Share on other sites More sharing options...
uttoxram75 Posted January 4, 2012 Share Posted January 4, 2012 Here's the forest accountants after explaining the new rules to Doughty........................ [url=http://www.youtube.com/watch?v=tp9bYVvQrMQ]http://www.youtube.com/watch?v=tp9bYVvQrMQ Link to comment Share on other sites More sharing options...
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