And that's the main point to consider when looking at the salaries figure. They've essentially brought forward £30m of future salaries costs and dumped it into this financial year inflating the 'accounting loss'
Also worth noting that in cash flow terms we've lost £25m in the year, which is more of a 'real world' figure to look at.
so what they've accounted for paying all of the salary costs for certain players up front in last years accounts, is that what you mean?
Basically. Essentially said Tom, Dick and Harry are no longer part of the first team squad, their contracts are therefore onerous and they've provided for all future costs of those contracts in this financial year. Means they're accounting for full cost of them, regardless of whether they manage to get them off the books in the future, in this accounting period. They'll not have not actually paid out any of that £30m in cash though.
that is fucking diabolical like, absolutely ridiculous
It's standard accounting practice in football tbh.
i'll bow to your superior knowledge but it's the first i've heard if it
How many use it as an excuse not to spend though ?