Conor Gallagher

[BehindEnemyLines]

I think we can file this one under nonsense or bad wording

This page gives the situation of **football related** profit or loss going into last season. It shows that we lost a lot of money over the pandemic but returned to profitability after

Premier League FFP Table: 2023/24 Club-by-Club Report

Discover the 2023/24 Premier League FFP table to see which clubs have financial problems and restrictions and who can spend more freely.

sqaf.club

Notwithstanding that the Premier League are supposed to be lenient on pandemic losses anyway, the £-82m now drops out of the calculation and last season's results come in. We had CL football and didn't go crazy in the transfer market so I imagine that our **football related** profit/loss is at least positive.

So if we did 'only' break even last season and given you're allowed to lose £105m over 3 years then for FFP purposes going into this season we would we have *at least* £191m space (which doesn't mean we want to spend that ofc)

Then so far this season we have a net spend of probably <= zero having sold Kane for ~£85m but also no European football but it's hard to conclude that we would be much worse off

It's actually not as simple as adding net spend in the current FY.......

• only the ammortisation charge hit's the account (rather than the full transfer fee).
• only the profit/loss on player sale against the ammortised fee hit's the account.

When the 22/23 accounts are published then the Covid year will run off........however, purchases made now will sit in the 23/24 accounts (effectively in the rolling 3 year period that doesn't include the £70m from 20/21)........so it all depends on how we performed in the 22/23 financial year as to what we can spend now.

Furthermore, the 3 year rolling reporting period combined with the ammortised nature of player purchases and sales means that forecasting future years becomes a huge issue when there are peaks and troughs. You can't just splurge as it has a significant impact on future years and introduces uncertainty and restraints into those future years.

 

[Adam456]

I dont think i would want Connor Gallagher for 60m anyway! Much better value out there.

He has 18 months on his contract and effectively 12 months on Feb 1. There is no way he goes to any European club for anywhere near £60m as it implies he is worth £80-100m on a longer contract

 

[Adam456]

It's actually not as simple as adding net spend in the current FY.......

• only the ammortisation charge hit's the account (rather than the full transfer fee).
• only the profit/loss on players ammortised fee hit's the account.

When the 22/23 accounts are published then the Covid year will run off........however, purchases made now will sit in the 23/24 accounts (effectively in the rolling 3 year period that doesn't include the £70m from 20/21)........so it all depends on how we performed in the 22/23 financial year as to what we can spend now.

Furthermore, the 3 year rolling reporting period combined with the ammortised nation of player purchases and sales means that forecasting future years becomes a huge issue when there are peaks and troughs. You can't just splurge as it has a significant impact on future years and introduces uncertainty and restraints into those future years.

You're quite right. I was trying to keep it simple. For the amortisation you'd need a spreadsheet to check what actual profit / cost we declare against any ins and outs over each of the years which is probably pointless if you don't have all the exact figures and would still not include non-transfer revenues

Yes you are right that it's not about net spend as such, though since we are notoriously tight with wages then it's probably quite a good proxy for how we will look vs previous years as most other costs tend to be consistent and will usually be covered by organic revenue increases

And yes the 70m from 2020-21 drops off the back of the calculation when we have included this 2023-24 whole season but the Kane 'profit' would have been booked immediately whereas incomings would have been spread over many years. And I was probably being quite conservative about our finances from last season when we were in the CL and had increased commercial revenue (e.g. Cinch sleeve sponsor).

I'm summary it's impossible to say exactly as we don't habe all of the data but because we're usually in profit in a non-covid season then we should usually be in a strong position unless we go on a big spending spree

If we just said we'd do the same for these years as 2021-22 (£16m 'profit') rather than the £70m the year before then that would be £48m + £105m = £153m leeway

 

[Trix]

You're quite right. I was trying to keep it simple. For the amortisation you'd need a spreadsheet to check what actual profit / cost we declare against any ins and outs over each of the years which is probably pointless if you don't have all the exact figures and would still not include non-transfer revenues

Yes you are right that it's not about net spend as such, though since we are notoriously tight with wages then it's probably quite a good proxy for how we will look vs previous years as most other costs tend to be consistent and will usually be covered by organic revenue increases

And yes the 70m from 2020-21 drops off the back of the calculation when we have included this 2023-24 whole season but the Kane 'profit' would have been booked immediately whereas incomings would have been spread over many years. And I was probably being quite conservative about our finances from last season when we were in the CL and had increased commercial revenue (e.g. Cinch sleeve sponsor).

I'm summary it's impossible to say exactly as we don't habe all of the data but because we're usually in profit in a non-covid season then we should usually be in a strong position unless we go on a big spending spree

If we just said we'd do the same for these years as 2021-22 (£16m 'profit') rather than the £70m the year before then that would be £48m + £105m = £153m leeway

And that's before sales. We are absolutely fine as far as FFP is concerned theres no way Levy flirts with that.

 

[Cinemattis]

I really struggle to see this happening. Poch obv really wants him to stay and Gallagher himself will want to stay it’s only the owners that will be thinking of the financial aspect. Ultimately tho the club owners can try to push him out but if he’s still getting picked by Poch and is captaining the side then why would he accept our offer. Yes they could put pressure on Poch to drop him but it could get very messy. Beyond that I don’t see Chelsea coming down much in their valuation as they would want to raise as much as possible from him.

To me I feel the ITK links to Ederson make a lot more sense at this point. He will probably be a good chunk cheaper, we already have dealings with Atalanta and the fact they are moving for a young CM makes me wonder if things could already be happening behind the scenes. Atalanta have never been afraid of playing youth players in important positions and if they rate Jordan James highly, which im sure they do as he’s considered an exciting prospect, then I have no doubt they would comfortably put him right in despite only being 19.

Any move for Gallagher will probably drag out throughout the window and could end up in disappointment considering his position in the squad and Ange seems very keen to get our business done as early as possible. Whilst Gallagher might be the ideal, i wouldn’t be surprised if we do the same thing we did with Tadibo.

We obviously still have PEH which makes it less of a priority at present but I’m sure both he and us would like to get him moved on as soon as possible.

I don´t follow the Championship or Birmingham very closely (at all), but this Jordan James fellow look very exciting. Why aren´t we looking into him? 19 y.o. Welsh (8 caps already), 4 goals (and 5 yellow crds - proving he would fit right in with us) in the last 13 matches for a struggling Birmingham.

Would love if anyone with more knowledge could enlighten me if he´s any good and/or seen as a top talent?

 

[Lancaster Spur]

I don´t follow the Championship or Birmingham very closely (at all), but this Jordan James fellow look very exciting. Why aren´t we looking into him? 19 y.o. Welsh (8 caps already), 4 goals (and 5 yellow crds - proving he would fit right in with us) in the last 13 matches for a struggling Birmingham.

Would love if anyone with more knowledge could enlighten me if he´s any good and/or seen as a top talent?

Half of my family are Birmingham season ticket holders so I get to see plenty of their matches, JJ as he his known to the Birmingham fans is in my opinion one of their best players with plenty of potential to move on, he has scored some important goals for them this year and as you've said is combative in an advanced midfield role but I don't see him as a elite level player. I would compare his potential to that of Oliver Skipp, decent but probably won't make it for us in the absolute long term. It would be interesting to see if how he performs in a better footballing side as under Rooney, the Birmingham midfield was starved of the ball.

My wife's opinion is that he is good enough for a lower premier league team but probably won't make it to a top 4/5 club.

 

[Ron Burgundy]

I don´t follow the Championship or Birmingham very closely (at all), but this Jordan James fellow look very exciting. Why aren´t we looking into him? 19 y.o. Welsh (8 caps already), 4 goals (and 5 yellow crds - proving he would fit right in with us) in the last 13 matches for a struggling Birmingham.

Would love if anyone with more knowledge could enlighten me if he´s any good and/or seen as a top talent?

Signing him would feel more sensible than Gallagher IMO!

ignore me actually - listen to the guy above!

 

[Cinemattis]

Half of my family are Birmingham season ticket holders so I get to see plenty of their matches, JJ as he his known to the Birmingham fans is in my opinion one of their best players with plenty of potential to move on, he has scored some important goals for them this year and as you've said is combative in an advanced midfield role but I don't see him as a elite level player. I would compare his potential to that of Oliver Skipp, decent but probably won't make it for us in the absolute long term. It would be interesting to see if how he performs in a better footballing side as under Rooney, the Birmingham midfield was starved of the ball.

My wife's opinion is that he is good enough for a lower premier league team but probably won't make it to a top 4/5 club.

Thanks mate - really appreciated!

 

[fishhhandaricecake]

Half of my family are Birmingham season ticket holders so I get to see plenty of their matches, JJ as he his known to the Birmingham fans is in my opinion one of their best players with plenty of potential to move on, he has scored some important goals for them this year and as you've said is combative in an advanced midfield role but I don't see him as a elite level player. I would compare his potential to that of Oliver Skipp, decent but probably won't make it for us in the absolute long term. It would be interesting to see if how he performs in a better footballing side as under Rooney, the Birmingham midfield was starved of the ball.

My wife's opinion is that he is good enough for a lower premier league team but probably won't make it to a top 4/5 club.

Thanks for that mate but have you also checked with any Celtic Season ticket holders?

 

[Johnny J]

Poch quoted on Sky Sports about Gallagher:

"We need to talk about many things. It’s clear that Conor still has one-year-and-a-half on his contract with us and when you arrive at this point, you need to talk and take some decisions for the future. Those conversations will be between the club and the player. The club is happy with him and he is happy with here."

 

[Led Revolver]

Poch quoted on Sky Sports about Gallagher:

I think when Poch says about the club is happy with him here, he means he is happy with him there.

 

[mil1lion]

I'm sure he'll sign a new contract and Chelsea will find another way around ffp.

 

[yido_number1]

I'm sure he'll sign a new contract and Chelsea will find another way around ffp.

Im sure they still have an army of youth players they can flog for a combined total of 100 billion.

 

[Led Revolver]

Hasn’t started for Chelsea tonight, although they’ve made several changes. Potentially significant if he doesn’t come on in the 2nd half.

 

[fishhhandaricecake]

Hasn’t started for Chelsea tonight, although they’ve made several changes. Potentially significant if he doesn’t come on in the 2nd half.

Interesting actually as they‘ve pretty much put out their strongest XI and until recently Gallagher was starting most games.

 

[Pochemon94]

i think this would prob have more to do with rotation than anything else

 

[sidford]

With us hopefully signing Dragusin this window and taking Werner on loan while covering his full wages it's hard to us having enough cash left for Gallagher. Would really like us to get him but unless we sell PEH and bring forward some of our summer budget I just can't see it happening now

 

[Powder Keg]

Hasn’t started for Chelsea tonight, although they’ve made several changes. Potentially significant if he doesn’t come on in the 2nd half.

Just came on

 

[Bluto Blutarsky]

I don't have a problem with this one happening - but I just can't see it working out for us financially. It will have to be late in the window - and we have to get a decent wedge for PEH.

 

[Led Revolver]

Just came on

Bugger..