Wolves lost 1 Million per week last season

[snarks]

According to the accounts published, more than doubling their loss the previous season of £26 million.

So how do they do that within FFP, or is another club shooting holes through it in the name of promotion.

(article on the BBC)

[Penfold]

Football league can't dock them points as now in Premier League. They will probably have to pay a fine which, I believe, is what AFC Bournemouth had to do.

[Statto]

Another club that hasn't let FFP stop them gaining an advantage from their owners' wealth. As we once again become one of the wealthiest clubs in the Championship, can Ali Mack be as brave, dynamic, innovative and shrewd, or will we be the mugs again?

[davew]

Another club that hasn't let FFP stop them gaining an advantage from their owners' wealth. As we once again become one of the wealthiest clubs in the Championship, can Ali Mack be as brave, dynamic, innovative and shrewd, or will we be the mugs again?

If they spend 500m we would still probably end up with substandard players, I do agree that we should break the rules though and not prove a soft touch.

[The Old Count]

Another club that hasn't let FFP stop them gaining an advantage from their owners' wealth. As we once again become one of the wealthiest clubs in the Championship, can Ali Mack be as brave, dynamic, innovative and shrewd, or will we be the mugs again?

If they spend 500m we would still probably end up with substandard players, I do agree that we should break the rules though and not prove a soft touch.

Not a question of breaking the rules. There are ways to minimise FFP. Can anyone imagine MR Al Fayed not finding an inventive way of turning a disadvantage into an advantage?

[filham]

Our record in spending big money is tragic, our best hope is to build on home grown talent or medium priced  players like Cairney and McBride.

[The Rational Fan]

Our record in spending big money is tragic, our best hope is to build on home grown talent or medium priced  players like Cairney and McBride.

Its pretty clear that "Wolves Offical 17/18 expenses" exceeded "Fulhams Offical 16/17 expenses" by £38m. So, any nonsense about Wolves or Cardiff being better at spending money than us is complete nonsense, cause they spend much much more that they pretend.

I really think we can question whether the "Wolves Unoffical 17/18 expenses" for its top 11 player of £33m (Ruddy, Doherty, Boly, Bennett, Coady, Saiss, Cavaleiro, Neves, Bonatini, Costa, Jota) is very beliveiable, cause the other £56m went somewhere (like Second XI, scouting, agents fees, or coaching) and FFC total expenses including players is only £51m.

If everything people believe about Wolves the price Wolves bought their First XI is true (which I doubt), then we can say that Tony Khan provided a squad to Slavisa Jokavoic that cost about the same price as Wolves 2nd XI. If that is true, then both Tony Khan and Slavisa Jokavoic covered themselves in glory last season.

If other promoted teams (like big cheats Wolves and little cheats Cardiff) are exceeding FFP Rules by these massive levels, even with the best recruitment from Tony Khan and the greatest coaching by Slavisa we cannot be expected to stay up.

I would point out the EPL may be forced to relegate Wolves, because they haven't even attempted to be within the FFP limits. If that happens, it would also be had not to relegate Cardiff as well, because they broke the rules too however small. If both Wolves and Cardiff are forced down, does that mean the second last team in the premier league stays up or more team from the Championship will be promoted.

If the EPL doesn't punish a £41m beach of FFP rules, then the new FFP limit is £54m that we should be very careful not to exceed. Although, FFC couldn't possibly expesnse that amount unless we keep all our current players including loan players and add a few more. If the new limit is £54m, we are best placed to destroy the Championship, do it with a EPL bench and Anguissa ready jus in case in our 3rd XI. 049:gif

We currently are estimated to spend $65m on wages including loans, we could add another $30m in wages and still be ell under Wolves $54m losses.

FFP law enforcement is getting increasingly stupid, if Wolves are not punished then its only a matter of time until everyone accepts that the laws are meaningless.

[The Rational Fan]

Wolves exceed FFP limits on expenses in the Championship by 41m, which is combined wages bill of Eden Hazard, N'Golo Kante, Gary Cahill, Victor Moses and David Luiz.

And Wolves only got 11 more points than Fulham last season. WTF, Wolves are pathetic compared to Us  049:gif

[Woolly Mammoth]

Wolves may very well be pathetic in your analysis, but that does not excuse Fulhams recruitment and negotiation dudes and dof from being incompetent, inefficient, negligent, irresponsible.and unprofessional, that is indefensible.
When you are in a hole, the first thing you do, is stop digging.

[The Rational Fan]

Wolves may very well be pathetic in your analysis, but that does not excuse Fulhams recruitment and negotiation dudes and dof from being incompetent, inefficient, negligent, irresponsible.and unprofessional, that is indefensible.
When you are in a hole, the first thing you do, is stop digging.

Wolves recruitment was seen as excellent, but public opinion have underestimated what they paid by the entire cost of what they thought the First XI was paid.

If when FFC accounts are released we have a lower wage bill than either Wolves, Cardiff or Aston Villa when we got promoted, then how is FFC recruitment incompetent and inefficient? Or how would you suggest we measure compentence other than results vs resources?

When the "Blame Pie" comes around to why FFC are going down, FFC aren't FFP cheats should be included in reasons we are going down.

[toshes mate]

The marginalisation of the attending football supporter is never more clearly etched than when you are advised that the global TV/media audience income is quickly closing the gap on equivalent home based incomes from all sources.  For some football clubs their global income is like an insurance policy that pays out every year without the need for a claim.

The efficacy of the FFP rules and their enforcement, clubs' balance sheets, the football authorities' investigative work and prevailing judgements, appeals and arbitration, are all highly debatable and questionable topics obscured by football's money making regime where regulation may have the appearance of being effective but not the teeth necessary to be so.  Like the offside law FFP looks pretty clear in written form but is anything but clear in practice.  Like VAR the picture comes in two dimensions rather than three.   Like a privileged based legal system the more you are worth in revenue to the game the less likely you are to be hounded down because the threat of a kill could end up with the wrong 'body' being the corpse. 

Two years ago investigative media articles suggested the football authorities are almost completely powerless.  Has anything changed unless you are literally caught red handed at the scene of the crime? 

[Woolly Mammoth]

Irational fan, Please do not take offence, I am afraid you are completely and utterly deluded in your futile attempts to defend what has been a classic example of how not to run a football club, and how to get Fulham relegated in one easy lesson, just employ your son to use his arrogant unqualified judgement to send us back into the Championship for the second time of asking.
If you cannot accept the truth and the facts, then at least accept that this should not have happened when you consider our resources.
The owners sons poor judgement and amateur way he has operated, as well as the dissapointing attitude, desire and commitment of most of the unsuitable players and desperate panic buys to save face when all else failed, after dragging their feet for most of preseason, which culminated in he and others being responsible for recruiting are why you and I are having this discussion, everyone else's fault but theirs seems to be your case for their defence.
If you do not agree, just check the current League Table, and then rewind back to the day after we were promoted nine and a half months ago, and play the tape from there.
Your defence of Fulham is as bad as the players attempts to defend Fulhams goal.
Unless you are receiving a lucrative salary from Fulham to defend the indefensible, then what is the purpose of your desire to be remembered in the same way as Lord Cardigan and Lord Raglin combined together to send the glorious and courageous Light Brigade into the Valley of Death in 1854 in the Crimea War, to attack a well defended Russian position, with cannons to the left of them, cannons to the right of them, and cannons in front of them.
That is how futile your position is.

[The Rational Fan]

The marginalisation of the attending football supporter is never more clearly etched than when you are advised that the global TV/media audience income is quickly closing the gap on equivalent home based incomes from all sources.  For some football clubs their global income is like an insurance policy that pays out every year without the need for a claim.

The efficacy of the FFP rules and their enforcement, clubs' balance sheets, the football authorities' investigative work and prevailing judgements, appeals and arbitration, are all highly debatable and questionable topics obscured by football's money making regime where regulation may have the appearance of being effective but not the teeth necessary to be so.  Like the offside law FFP looks pretty clear in written form but is anything but clear in practice.  Like VAR the picture comes in two dimensions rather than three.   Like a privileged based legal system the more you are worth in revenue to the game the less likely you are to be hounded down because the threat of a kill could end up with the wrong 'body' being the corpse. 

Two years ago investigative media articles suggested the football authorities are almost completely powerless.  Has anything changed unless you are literally caught red handed at the scene of the crime?

My understanding is the "Loss for the Financial Year" shouldn't exceed £13,000,000. Wolves Accounts has an item "Loss for the Financial Year of 2018" on page 10 that reads £55,149,000; with the Wolves Chairman signature saying these figures are approved by the board as accurate on page 11. And, other teams get questioned when this figure is out by a few million. https://beta.companieshouse.gov.uk/company/01989823/filing-history

The strange thing about Wolves is not that are obviously guiltly, but I cannot even imagine how they can deny that breaking FFP Rules was their plan from before day one of the season and how they can deny they didn't know the rough figure at the end of the season.

If +/- £40m is the new benchmark for allowable error in amotisation and wages, then Tony Khan can very big over the summer (like 5 players the price of Mitro).

[The Rational Fan]

Irational fan, Please do not take offence, I am afraid you are completely and utterly deluded in your futile attempts to defend what has been a classic example of how not to run a football club, and how to get Fulham relegated in one easy lesson, just employ your son to use his arrogant unqualified judgement to send us back into the Championship for the second time of asking.
If you cannot accept the truth and the facts, then at least accept that this should not have happened when you consider our resources.
The owners sons poor judgement and amateur way he has operated, as well as the dissapointing attitude, desire and commitment of most of the unsuitable players and desperate panic buys to save face when all else failed, after dragging their feet for most of preseason, which culminated in he and others being responsible for recruiting are why you and I are having this discussion, everyone else's fault but theirs seems to be your case for their defence.
If you do not agree, just check the current League Table, and then rewind back to the day after we were promoted nine and a half months ago, and play the tape from there.
Your defence of Fulham is as bad as the players attempts to defend Fulhams goal.
Unless you are receiving a lucrative salary from Fulham to defend the indefensible, then what is the purpose of your desire to be remembered in the same way as Lord Cardigan and Lord Raglin combined together to send the glorious and courageous Light Brigade into the Valley of Death in 1854 in the Crimea War, to attack a well defended Russian position, with cannons to the left of them, cannons to the right of them, and cannons in front of them.
That is how futile your position is.

The key words are "when you consider our resources" that are limited as we follow FFP Rules unlike Wolves and Cardiff. We have the third lowest wages and had the least valuable squad of any club in the Premier League on the 26th May 2018.

While the value of the squad improved over the summer, even today the FFC squad purchase cost is only i) £19 million more than the 3rd/4th cheapest squads in the league (Watford and Burnley), and ii) £3 million more than the 5th/6th cheapest squads in the league (Brighton and Newcastle). So, outside Huddersfield and Cardiff, the maximium spending advantage we have over any team is £19 million.

The advantages all those teams (Watford, Burnley, Brighton and Newcastle) have over us our significant: i) they bought more of their First XI team a year (or more) ago allowing better team cohesion (worth £20m alone), ii) they bought their players over several transfer windows allowing them to buy more bargains and less overpriced players (e.g. DM were in such short supply Watford, Southampton and Wolves all bid on Anguissa - with West Ham rumoured to have offerred more than us after we got him) and iii) more of their players have played in the premier league and know most of the opposition.

I will still admit, we really should have done better than Cardiff and we should have better Huddersfileld; but this was an amazingly difficult season. Plus, it seems the recruitment strategy was geared at getting a new squad for the next five years rather than staying up at any cost. Of course, such a recruitment strategy only makes sense if the DoF keeps almost every player (at least every player that wants to stay, will sign a long contract and is good enough for the Championship).

For me, "Tony Khan's test" is next years squad better than the one we came up with and almost as good as this years squad (including the striker being as good or it has to be Mitro).

[Woolly Mammoth]

Irational fan, Please do not take offence, I am afraid you are completely and utterly deluded in your futile attempts to defend what has been a classic example of how not to run a football club, and how to get Fulham relegated in one easy lesson, just employ your son to use his arrogant unqualified judgement to send us back into the Championship for the second time of asking.
If you cannot accept the truth and the facts, then at least accept that this should not have happened when you consider our resources.
The owners sons poor judgement and amateur way he has operated, as well as the dissapointing attitude, desire and commitment of most of the unsuitable players and desperate panic buys to save face when all else failed, after dragging their feet for most of preseason, which culminated in he and others being responsible for recruiting are why you and I are having this discussion, everyone else's fault but theirs seems to be your case for their defence.
If you do not agree, just check the current League Table, and then rewind back to the day after we were promoted nine and a half months ago, and play the tape from there.
Your defence of Fulham is as bad as the players attempts to defend Fulhams goal.
Unless you are receiving a lucrative salary from Fulham to defend the indefensible, then what is the purpose of your desire to be remembered in the same way as Lord Cardigan and Lord Raglin combined together to send the glorious and courageous Light Brigade into the Valley of Death in 1854 in the Crimea War, to attack a well defended Russian position, with cannons to the left of them, cannons to the right of them, and cannons in front of them.
That is how futile your position is.

The key words are "when you consider our resources" that are limited as we follow FFP Rules unlike Wolves and Cardiff. We have the third lowest wages and had the least valuable squad of any club in the Premier League on the 26th May 2018.

While the value of the squad improved over the summer, even today the FFC squad purchase cost is only i) £19 million more than the 3rd/4th cheapest squads in the league (Watford and Burnley), and ii) £3 million more than the 5th/6th cheapest squads in the league (Brighton and Newcastle). So, outside Huddersfield and Cardiff, the maximium spending advantage we have over any team is £19 million.

The advantages all those teams (Watford, Burnley, Brighton and Newcastle) have over us our significant: i) they bought more of their First XI team a year (or more) ago allowing better team cohesion (worth £20m alone), ii) they bought their players over several transfer windows allowing them to buy more bargains and less overpriced players (e.g. DM were in such short supply Watford, Southampton and Wolves all bid on Anguissa - with West Ham rumoured to have offerred more than us after we got him) and iii) more of their players have played in the premier league and know most of the opposition.

I will still admit, we really should have done better than Cardiff and we should have better Huddersfileld; but this was an amazingly difficult season. Plus, it seems the recruitment strategy was geared at getting a new squad for the next five years rather than staying up at any cost. Of course, such a recruitment strategy only makes sense if the DoF keeps almost every player (at least every player that wants to stay, will sign a long contract and is good enough for the Championship).

For me, "Tony Khan's test" is next years squad better than the one we came up with and almost as good as this years squad (including the striker being as good or it has to be Mitro).

Splendid, I am pleased you have seen the light and agree with me at long last.
The recruitment strategy is floored, and will continue to be floored under the current regime.
However, the thought of Tony Khan being still in office to inflict even more untold Damage, strikes more fear into me than my tongue being nailed to the jaws of an angry Great White Shark with toothache.

[toshes mate]

My understanding is the "Loss for the Financial Year" shouldn't exceed £13,000,000. Wolves Accounts has an item "Loss for the Financial Year of 2018" on page 10 that reads £55,149,000; with the Wolves Chairman signature saying these figures are approved by the board as accurate on page 11. And, other teams get questioned when this figure is out by a few million. https://beta.companieshouse.gov.uk/company/01989823/filing-history

The strange thing about Wolves is not that are obviously guiltly, but I cannot even imagine how they can deny that breaking FFP Rules was their plan from before day one of the season and how they can deny they didn't know the rough figure at the end of the season.

Wolves are presumably doing what they believe is best for them, and other clubs will be doing likewise.  FFP will carry on trapping identified miscreants and the resulting penalties will continue to be arbitrary.

[Statto]

any nonsense about Wolves or Cardiff being better at spending money than us is complete nonsense

As it stands, at the end of this season their owners will have them from 14th in the Championship to 7th in the PL in 3 years.

Our owners will have taken us from 12th in the PL, back to the Championship in 6 years.

Whichever way you look at it, they are doing something much better than those running FFC

[The Rational Fan]

any nonsense about Wolves or Cardiff being better at spending money than us is complete nonsense

As it stands, at the end of this season their owners will have them from 14th in the Championship to 7th in the PL in 3 years.

Our owners will have taken us from 12th in the PL, back to the Championship in 6 years.

Whichever way you look at it, they are doing something much better than those running FFC

Well, Fulham FC was a mess from when "The Khans" took over until sometime just before the "2nd April 2016" when we improved, appoint SJ was undoubtely a big part. I personally think we started the Khan era with a poor squad anyway, but if you consider it their fault until 2nd April 2016 then I hope you will admit things are better than 1st April 2016, especially if you think how we played at Chelsea (one of the best teams in the world).

As for Wolves doing something right, I would call it blantant cheating of FFP Rules what Wolves have done. There have been accuations for a long time from outside Wolves, but Offical "Loss for the Financial Year of 2018"of £55,149,000 comes with the Wolves Chairman signature now.

I thought they were cheating, but I thought it would be hidden by clever accounting. I never expected the Accounts to say Wolves losses were £55m for the year, when they are only allowed £13m. I know FFP takes out youth player costs, but we are so honest we don't call Ryan Sessegnon a youth player, it seem to me Wolves maybe calling John Ruddy youth.

If you compare breakiung FFP rules to offside laws, then Wolves are a full 41m offside. And, people are saying its a tough call. Frankly, I wouldn't feel it is over reaction to throw them back down to League Two for such a ridicous violation of the rules. The same way, i wouldn't think its unfair if someone 41m offside pretends to be onside and gets Red Card.

Of course, no punishment for Wolves means FFC can do the same. As long as, FFC don't admit guilt until after they are in the EPL.

[Penfold]

any nonsense about Wolves or Cardiff being better at spending money than us is complete nonsense

As it stands, at the end of this season their owners will have them from 14th in the Championship to 7th in the PL in 3 years.

Our owners will have taken us from 12th in the PL, back to the Championship in 6 years.

Whichever way you look at it, they are doing something much better than those running FFC

Well, Fulham FC was a mess from when "The Khans" took over until sometime just before the "2nd April 2016" when we improved, appoint SJ was undoubtely a big part, but I personally think we started the Khan era with a poor squad anyway.

As for Wolves doing something right, I would call it blantant cheating of FFP Rules what Wolves have done. There have been accuations for a long time from outside Wolves, but Offical "Loss for the Financial Year of 2018"of £55,149,000 comes with the Wolves Chairman signature now.

I thought they were cheating, but I thought it would be hidden by clever accounting. I never expected the Accounts to say Wolves losses were £55m for the year, when they are only allowed £13m. I know FFP takes out youth player costs, but we are so honest we don't call Ryan Sessegnon a youth player, it seem to me Wolves maybe calling John Ruddy youth.

If you compare breakiung FFP rules to offside laws, then Wolves are a full 41m offside. And, people are saying its a tough call. Frankly, I wouldn't feel it is over reaction to throw them back down to League Two for such a ridicous violation of the rules. The same way, i wouldn't think its unfair if someone 41m offside pretends to be onside and gets Red Card.

Of course, no punishment for Wolves means FFC can do the same. As long as, FFC don't admit guilt until after they are in the EPL.

I assume you were ashamed of Fulham's promotions in 1999 and 2001 as it was done by spending way beyond our means.

I would rather be cheats like Wolves rather than play by the rules Fulham.

[The Rational Fan]

any nonsense about Wolves or Cardiff being better at spending money than us is complete nonsense

As it stands, at the end of this season their owners will have them from 14th in the Championship to 7th in the PL in 3 years.

Our owners will have taken us from 12th in the PL, back to the Championship in 6 years.

Whichever way you look at it, they are doing something much better than those running FFC

Well, Fulham FC was a mess from when "The Khans" took over until sometime just before the "2nd April 2016" when we improved, appoint SJ was undoubtely a big part, but I personally think we started the Khan era with a poor squad anyway.

As for Wolves doing something right, I would call it blantant cheating of FFP Rules what Wolves have done. There have been accuations for a long time from outside Wolves, but Offical "Loss for the Financial Year of 2018"of £55,149,000 comes with the Wolves Chairman signature now.

I thought they were cheating, but I thought it would be hidden by clever accounting. I never expected the Accounts to say Wolves losses were £55m for the year, when they are only allowed £13m. I know FFP takes out youth player costs, but we are so honest we don't call Ryan Sessegnon a youth player, it seem to me Wolves maybe calling John Ruddy youth.

If you compare breakiung FFP rules to offside laws, then Wolves are a full 41m offside. And, people are saying its a tough call. Frankly, I wouldn't feel it is over reaction to throw them back down to League Two for such a ridicous violation of the rules. The same way, i wouldn't think its unfair if someone 41m offside pretends to be onside and gets Red Card.

Of course, no punishment for Wolves means FFC can do the same. As long as, FFC don't admit guilt until after they are in the EPL.

I assume you were ashamed of Fulham's promotions in 1999 and 2001 as it was done by spending way beyond our means.

I would rather be cheats like Wolves rather than play by the rules Fulham.

I think the Fulham's promotions in 1999 and 2001 where bought, but they were legal and honest; unlike Wolves that were bough, illegal and dishonest. I have always valued Fulham as a family club buying results is ok, but I wouldn't be proud of Fulham being dishonest like Wolves. But, if Wolves aren't punished then we should be free to a smaller losses like £53m and it be allowed.

But, if Fulham don't get promoted in the next two years when parchate payments end, and Wolves aren't punished. Then, I think "The Khans" should just honestly promise to meet all FFP rules within the £41m error margin now allowed.

To give you idea of how much £41m error in expenses is. The combined yearly expenses for Mawson, MLM, Anguissa, Seri and Mitrovoic including wage and amotisations in only £34m. If we had those players last year in the Championship, we would have had better cohesion this season, plus Wolves bought more reinforcements this year too.

Best for Mr Khan to sell no one, the best way to prove TK bought well is keep everyone, including the tea lady and add more.