Time will tell. I'm sure we will have another 'big exit' other than Spence.
I'm all for that if the team looks better on the other side. Everyone is replaceable with the right recruitment
I have read the thread just now and was going to jump in on a number of your posts S7. I didn't really need to as BoroMart is right in his responses.
Don't confuse Pre Tax Loss as our FFP measure. There are lots of add backs. Middlesbrough are in good shape re FFP.
The Club is like many - a financial basket case that loses millions every year outside the PL - but that does not mean it falls foul of FFP. It does however mean we need the continued backing of Gibson O'Neill:
1. To not call in the £130m or so that the Club owes the Parent Group.
2. To increase the Loan (Group Undertakings) by every year's loss.
Gibson can only escape this endless funding hell, by either promotion to the PL and the enormous growth in revenue, or by getting someone else to bail him out, which will never happen outside the PL.
Wage bill has been reduced, turnover will increase and crucially amortisation is a fraction of what it was under Monk and pulis.
We have players who have no Book value (Spence, Fry, Jones, Tavernier, McNair) who are worth well over £50m on the market.
If any or all are sold and replaced without paying fees for their replacements, then the Club would get a boost to turnover this season of the £50m, from Profit on sale of Player Registrations. This flows through impacting the Profit Before Tax AND FFP figures. This years FFP submission would be boosted, which impacts for 3 years.
If we signed Gyokeres for £15m, O'Hare for £5m and Riis for £5m, on 4 year contracts, the P&L and FFP figures would only be impacted by £6.25m of combined amortisation in this first year.
Given the size of the Spence fee, Boro could spend a hell of a lot of money this summer and be FFP cool.
So does Gibson pay himself down, or does he invest the Spence windfall on players who he can add to his base and give him a massive chance of getting out of this league and his need to horribly fund inevitable multi million pound losses in this league.
Gibson has worked incredibly hard to cycle the mistakes of the Monk/pulis years. He has the manager he wants, the recruitment set up he wants, a base of a squad, a healthy fan base and tens of millions of scope to recruit much much better.
S7 Cisco, it is not some of us who need to get real mate.