indeedido
Well-known member
As ever with statistics and indices, they are only as good as their construct and it is how you weight the criteria over what time period. Th key thing here is "so what, the rankings have no significance"
Middlesbrough are one of football's biggest basket cases in one irrefutable business measure. They have the 4th worst nett negative shareholder value in British football. That is a fact that makes the club unsaleable. Most sane people realise and accept this.
Parking how and why we got there, who covers the debt etc etc, it is true that if Gibson O'Neill called in their debt - or any of it really - the club would fold.
We also lose money every single year, having made a profit only a couple of years since 1993 - one being the last PL season.
So, we are severely underwater and lose a lot of money every year.
It's not hard to accept that.
BUT, the owner is unlikely to call the debt in and given the £22.5m (min) profit from player sales in the summer, the club will not make a loss this trading year.
From a FFP perspective the club are nowhere near danger given the allowances/adjustments there are. I may criticise Gibson's decision making on the football side, but he knows FFP inside out and plays by the rules.
To compliment Millwall on financial sustainability is something of a joke, given their wage bill was 120% of turnover last season and they make a loss every season. Their owners injected £13m again last season to shore up the losses. Their owners shore up losses every year with equity, ours does with loans. They play FFP smart but are a shocking business.
Stoke City have a much bigger nett negative shareholder value than us, make similar losses and do not see a better club in any way than ours. Yet thery
I could have a go at any of the clubs in that Championship table from a variety of angles, and no **** the PP clubs are the highest rated Championship clubs...
It is simply not worth getting too upset about where we sit in a league table drawn up without much thought or any authority.
Middlesbrough are one of football's biggest basket cases in one irrefutable business measure. They have the 4th worst nett negative shareholder value in British football. That is a fact that makes the club unsaleable. Most sane people realise and accept this.
Parking how and why we got there, who covers the debt etc etc, it is true that if Gibson O'Neill called in their debt - or any of it really - the club would fold.
We also lose money every single year, having made a profit only a couple of years since 1993 - one being the last PL season.
So, we are severely underwater and lose a lot of money every year.
It's not hard to accept that.
BUT, the owner is unlikely to call the debt in and given the £22.5m (min) profit from player sales in the summer, the club will not make a loss this trading year.
From a FFP perspective the club are nowhere near danger given the allowances/adjustments there are. I may criticise Gibson's decision making on the football side, but he knows FFP inside out and plays by the rules.
To compliment Millwall on financial sustainability is something of a joke, given their wage bill was 120% of turnover last season and they make a loss every season. Their owners injected £13m again last season to shore up the losses. Their owners shore up losses every year with equity, ours does with loans. They play FFP smart but are a shocking business.
Stoke City have a much bigger nett negative shareholder value than us, make similar losses and do not see a better club in any way than ours. Yet thery
I could have a go at any of the clubs in that Championship table from a variety of angles, and no **** the PP clubs are the highest rated Championship clubs...
It is simply not worth getting too upset about where we sit in a league table drawn up without much thought or any authority.