Re: BCFC: Meeting the P&S Challenge

We can (Have to)include all the sell on fees foe Bellingham and Adams in the year they are transferred.
So if Bellingham goes for £130m plus add ons we account for the guaranteed part even though it might be paid over a few seasons.
It isn't to do with the cash flow or deciding whether or not to factor it.

So long as he goes before 1 July 2024 he will be in the P&S window we need.

Depending on Southampton's needs i think Adams will go for £20-£30m this Summer. That would bring us from not very much to up to £2m from the sell on.

We still need to increase our income (which should be a bit easier) and reduce our costs.
For P&S we can lose about £15-17m a season in accounts terms and fall within the £13m once some costs are allowed. I Don't think we can lose £17m every season.

That means our net football spending has to be less than £35m a season, assuming income of about £20m.
That still means - once the Jude money has gone- that over the next few seasons we will need to make some significant cuts, unless the P&S limit is raised.

That also ignores the commercial issue. While Blues are a medium to long term project I'm not sure our new owners will want to pump in £15m a year to stand still, not over a significant period. The club needs to be run better from top to bottom.