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13 minutes ago, east stander said:

I wouldn’t be surprised if nothing happens until after 30th June when the £70 million plus loss from 22/23 drops off the PSR calculation.

Any signings won’t have much of an impact on PSR for 30th June unless we sell

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1 minute ago, Yorkie said:

He didn't explain a thing there. How does the existence of that other company provide a backdoor out of PSR constraints?

Yeah no idea but one company has less losses than another allowing them more money to spend is what I got from it. Why & how I’ve no idea

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And this is why capitalism is a total fucking sham. The people with the money completely game the situation across every industry and the same thing happens over time, the rich get richer and the percentage of the rich gets smaller while the poor get poorer and the percentage of the poorer grows larger. It’s a totally completely and utterly fucked financial system

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3 minutes ago, The College Dropout said:

Why? NUFC are still hamstrung - despite all the loopholes others are using

It's pretty clear why we can't use those loopholes, it's because of our income. We make about half of what the Sky 6 make, so those loopholes won't help us in the long run.

 

Until we get good academy players to sell and revenue closer to the Sky 6, those loopholes are for short-term gain and could really hurt us later.

 

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13 minutes ago, Yorkie said:

He didn't explain a thing there. How does the existence of that other company provide a backdoor out of PSR constraints?

 

It doesn't. I think he's just saying that the Plc losses are the ones people report and focus on, whereas the actual footballing losses are less than reported by the Plc.

 

Haven't looked into it to find out where the difference comes from - it's just when accounts come out everyone focuses on the headline loss number, but you can only really guess at the real PSR loss number.

 

Anyway, it's quite funny how some didn't want Elanga, but now he might cost a wedge we're outraged by that too. Think he could be great here, personally.

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28 minutes ago, tarie4 said:

It's pretty clear why we can't use those loopholes, it's because of our income. We make about half of what the Sky 6 make, so those loopholes won't help us in the long run.

 

Until we get good academy players to sell and revenue closer to the Sky 6, those loopholes are for short-term gain and could really hurt us later.

 

 

We've got plenty of money we can tap into though, we don't need loopholes. We just aren't allowed to spend that money because the cartel don't want us competing with them for players and trophies. 

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There’s this strange narrative that PSR has led to a more competitive premier league landscape (partly or wholly because cartel clubs like Man Utd and spurs have fucked it last season). Unfortunately them fucking up has led to more support for the PSR rules; seems like even when they absolutely fail they’re still reaping the rewards somewhat. Infuriating.

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