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    Turnover or revenue?

    Posted by Cuba on 3/7/2025, 10:28:26

    Seems to be a critical question in our situation.

    https://www.financialfairplay.co.uk/scmp.php

    As per The Cruiser’s post earlier

    https://members.boardhost.com/lutonoutlaws/msg/1751535200.html

      Re: Turnover or revenue?

      Posted by HH on 3/7/2025, 10:49:12, in reply to "Turnover or revenue?"

      Is there much of a difference?

      What's the point of parachute payments exactly if they can't be included in the calculation?

        Re: Turnover or revenue?

        Posted by Floater on 3/7/2025, 10:41:58, in reply to "Turnover or revenue?"

        Aren't turnover and revenue the same thing? Both are gross income before any deductions?

          Re: Turnover or revenue?

          Posted by Farhat on 3/7/2025, 11:43:59, in reply to "Re: Turnover or revenue?"

          No!

            Re: Turnover or revenue?

            Posted by Floater on 3/7/2025, 13:22:28, in reply to "Re: Turnover or revenue?"

            Perhaps not the ultimate authoritative source but this is how I understand it:

            rio 400 wit

            Re: Turnover or revenue?

            Posted by Ramridge Raider on 3/7/2025, 11:21:21, in reply to "Re: Turnover or revenue?"

            Of course they are. Parachute payments will be included in the calculation.

            Next season is the killer though. Turnover/revenue will drop to around £12/£13M. The Board will need to factor this in when signing new players in this window. Almighty balancing act.

              Re: Turnover or revenue?

              Posted by The Cruiser on 3/7/2025, 11:47:22, in reply to "Re: Turnover or revenue?"

              They are patently not the same.

                Re: Turnover or revenue?

                Posted by Ramridge Raider on 3/7/2025, 11:52:16, in reply to "Re: Turnover or revenue?"

                They are not exactly the same but not in the way you described.

                Without going into an unnecessary level of detail, the parachute payments are included in the % calculation.

                  Re: Turnover or revenue?

                  Posted by The Cruiser on 3/7/2025, 12:27:09, in reply to "Re: Turnover or revenue?"

                  Not my description. It was an AI response.
                  The last published turnover figure, up to 30/06/2024 couldn't have included an element of parachute payments as the first payment wasn't due until after our first season in the Championship.

                    Re: Turnover or revenue?

                    Posted by Cuba on 3/7/2025, 12:02:36, in reply to "Re: Turnover or revenue?"

                    Thank you, that would seem like better news

                Re: Turnover or revenue?

                Posted by The Cruiser on 3/7/2025, 11:20:48, in reply to "Re: Turnover or revenue?"

                An AI response to which is bigger, turnover or revenue?
                'Turnover is generally the higher figure.It represents the total income that a business generates from its core operations before any deductions. Revenue on the other hand, is often used to refer to the profit remaining after subtracting expenses and costs from turnover'

                  Re: Turnover or revenue?

                  Posted by Floater on 3/7/2025, 13:25:13, in reply to "Re: Turnover or revenue?"

                  "Revenue on the other hand, is often used to refer to the profit remaining after subtracting expenses and costs from turnover"

                  I think that the above is not correct. The profit remaining after subtracting expenses and costs from turnover is called gross profit, not revenue.

                  Difference between revenue and turnover is defined here: https://members.boardhost.com/lutonoutlaws/msg/1751548948.html

                    Re: Turnover or revenue?

                    Posted by Suffolk Punch on 3/7/2025, 14:21:01, in reply to "Re: Turnover or revenue?"

                    Think you'll find that's called net profit

                    Everybody talks...
                    Some hear...
                    A few listen...
                    Almost nobody understands...

                      Re: Turnover or revenue?

                      Posted by The Cruiser on 3/7/2025, 14:35:55, in reply to "Re: Turnover or revenue?"

                      It seems that the EFL have their own interpretation of what constitutes turnover anyway.

                        Re: Turnover or revenue?

                        Posted by jimmyp on 3/7/2025, 17:07:26, in reply to "Re: Turnover or revenue?"

                        I imagine that there's one that's specific to Luton as well.

                        COYH, Jim

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