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60%
Posted by joey diconio on 13/4/2025, 16:30:11
I assume the parachute payment will give us a significant advantage for 1 season in league one, if we don’t go up we’ll have to reign things in significantly to meet the financial rules.
I don’t think losses incurred in 2018/19 would be allowed anymore?keep em peeled
Re: 60%
Posted by ELH on 13/4/2025, 18:30:30, in reply to "60%"
Relegated clubs can spend 75% if the first year, but that's irrelevant really to us as the parachute payments are the massive advantage like you say. Although any 'deadwood' does still need to be paid...
The 2nd season drops to 60%, however accumulated profits can also be counted as income for the purposes of the calculation. We have 9.5m of accumulated profit as of the end of last season and I would expect as to generate more this season and next.
So it would be possible for us to "spend big" compared to most of the division if we chose to for at least a few more seasons. I personally wouldn't think that's a good idea, but should mean we would have some wiggle room in a second season if we still have some players on high wages.
And of course spending big is not the same as spending well.
Re: 60%
Posted by joey diconio on 13/4/2025, 18:32:07, in reply to "Re: 60%"
Cheers for the information 👍🏼keep em peeled
Re: 60%
Posted by Realist on 13/4/2025, 18:09:23, in reply to "60%"
The parachute payments are largely being used to fund the stadium. Unless we can shift players out on expensive contracts which won’t be easy we will have little financial advantage over other league 1 teams.
Re: 60%
Posted by joey diconio on 13/4/2025, 18:13:03, in reply to "Re: 60%"
I thought they had said the money was in place for the stadium from the initial premier league windfall?keep em peeled
Re: 60%
Posted by Cuba on 13/4/2025, 18:30:38, in reply to "Re: 60%"
Yes but with tariffs now it’s likely everything has gone up again.
As per yesterday’s programme notes there are no guarantees on when.
This is why not going ahead with the smaller capacity sooner will be the biggest mistake of all.
The longer we wait for more it costs.
IMHO.
Re: 60%
Posted by ELH on 13/4/2025, 20:43:29, in reply to "Re: 60%"
The capacity isn't going to make much difference to the time to complete the stadium. Moving a substation and a river are much more significant factors.
Re: 60%
Posted by Cuba on 13/4/2025, 20:52:21, in reply to "Re: 60%"
Yes but had we submitted the agreed original plans and started the project two years ago surely those projects would be two years further ahead?
The self imposed changes in summer 2023 have seemingly delayed things to an extent that we could now get held up by external factors.
Re: 60%
Posted by crumpsall on 13/4/2025, 20:55:28, in reply to "Re: 60%" MIB
What a load of distorted uninformed cobblers.
Or deliberate destructive trolling.
Re: 60%
Posted by crumpsall on 13/4/2025, 20:48:18, in reply to "Re: 60%" MIB
Going to the full capacity straight away saves £40million on construction costs. That's in GS's programme notes from yesterday
Re: 60%
Posted by ELH on 13/4/2025, 20:51:29, in reply to "Re: 60%"
Yes there's a lot of logic to doing it now. I can understand some concerns about the size, but the time to build is not an issue.
Re: 60%
Posted by crumpsall on 13/4/2025, 20:09:21, in reply to "Re: 60%" MIB
We won't be waiting.
Re: 60%
Posted by Andy Cappuccino on 13/4/2025, 17:25:21, in reply to "60%"
Parachute payments are only an advantage if the money is spent wisely
Re: 60%
Posted by joey diconio on 13/4/2025, 17:26:16, in reply to "Re: 60%"
True, the owners need to be bold.keep em peeled
Re: 60%
Posted by Whhatter on 13/4/2025, 17:22:50, in reply to "60%"
They would have helped this season aswell in all fairness.
Re: 60%
Posted by joey diconio on 13/4/2025, 17:28:28, in reply to "Re: 60%"
When you have £40m x 60% you start £24m ahead of the other sides in League 1, although we may be lumbered with expensive legacy contracts, plus the reduction in value for players we will try and sell.
Talk about a huge balls up.keep em peeled
Re: 60%
Posted by Sandgrounder on 13/4/2025, 18:16:31, in reply to "Re: 60%"
What’s the 60% figure? We get a parachute payment of £39M next year
Re: 60%
Posted by joey diconio on 13/4/2025, 18:20:11, in reply to "Re: 60%"
60% is the amount of your turnover you can spend on your player transfer and wages, I assume it applies immediately when you get relegated ?
So if we get £39m as the only parachute payment team in the division we start £23m ahead of the others in terms on money we can theoretically spend.
Obviously you then add on 60% of tickets , commercial , etc etc keep em peeled
Re: 60%
Posted by Farhat on 13/4/2025, 18:00:08, in reply to "Re: 60%"
A huge balls up? We're probably the most cash-rich football club in England.
Re: 60%
Posted by Notorious D on 13/4/2025, 18:10:10, in reply to "Re: 60%"
How’s that worked out for us?!
Re: 60%
Posted by joey diconio on 13/4/2025, 18:07:03, in reply to "Re: 60%"
If you can’t see how the last 18 months have been an absolute cluster fuck then I’m pretty shocked.
I admire your loyalty to your mate though.keep em peeled
Re: 60%
Posted by Farhat on 13/4/2025, 18:38:32, in reply to "Re: 60%"
You mean he's not your mate? Wonder why that is. You have a yearly hate figure, why would he be friends with a supporter like you?
But yes, that last 14 months have been awful if you're just interested in the boys on the green. Do something else with your life if Luton losing makes you this miserable. But you're even miserable when we're winning.
Re: 60%
Posted by bbb on 13/4/2025, 18:05:50, in reply to "Re: 60%"
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Luton Outlaws accepts no responsibility for the content of this messageboard nor any
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What you read on here is 100% conjecture, fiction, lies, bullshit and complete bollocks. If you want to be taken seriously, you are in the wrong place.
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on 13/4/2025, 16:30:11