CCFC accounts

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Originally Posted by Canton Kev

I somehow missed this thread previously and now it’s 6 pages deep. What’s the gist of things? Are we losing money at a concerning rate or in line with most Championship clubs? Any interesting things that stick out; wages, money for the Sala transfer, debts, etc.
Thanks.

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You can skip most of it as it's the usual suspects ruining a thread

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Originally Posted by PontBlue

You can skip most of it as it's the usual suspects ruining a thread

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That was my concern. I didn’t want to read the whole thing and find people ruining the daily shit slinging posts by including some interesting and enlightening information about our club :hehe:

https://swissramble.substack.com/p/c...inances-202122

swiss ramble analysis of the most recent accounts

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Originally Posted by Rjk

https://swissramble.substack.com/p/c...inances-202122

swiss ramble analysis of the most recent accounts

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Just confirms what a financial mess the top 2 divisions are in - losses piled upon losses, with clever accountancy keeping clubs within the rules..

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Originally Posted by Rjk

https://swissramble.substack.com/p/c...inances-202122

swiss ramble analysis of the most recent accounts

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didn't realise that his posts are behind a paywall now, which is a shame. can't blame him though really

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Originally Posted by SLUDGE FACTORY

Is American football , baseball hit by scandal of dodgy owners ?

Ridsdale and Hammam were dodgy

Tan has made some utterly ridiculous decisions but that's a bit different

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Major League Baseball and National Football League teams are franchises that have to operate within league rules. NFL teams are subject to a salary cap and a 53 man roster of active players. MLB has a "luxury tax" to prevent teams from overspending. New NFL owners have to be approved by the owners of the other 31 teams and teams are not allowed to be owned by consortiums.

However, everyone involved is extremely wealthy and the extremely wealthy are known to do dodgy deals. It's how most of them become extremely wealthy in the first place.

https://footballeconomyv2.blogspot.c...t-cardiff.html

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Originally Posted by NYCBlue

Major League Baseball and National Football League teams are franchises that have to operate within league rules. NFL teams are subject to a salary cap and a 53 man roster of active players. MLB has a "luxury tax" to prevent teams from overspending. New NFL owners have to be approved by the owners of the other 31 teams and teams are not allowed to be owned by consortiums.

However, everyone involved is extremely wealthy and the extremely wealthy are known to do dodgy deals. It's how most of them become extremely wealthy in the first place.

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Many years ago, someone told me, or I read somewhere, that the New York Yankees were paying more in fines for breaking the salary cap rules than some teams total wage bills - is that right?

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Originally Posted by Rjk

Many years ago, someone told me, or I read somewhere, that the New York Yankees were paying more in fines for breaking the salary cap rules than some teams total wage bills - is that right?

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I haven't heard that. They are consistently one of the highest paid teams, but this season they're not paying much more than a handful of other teams. The New York Mets have by far the biggest payroll. Over $330M. The Yankees are second at $268M.

There is a luxury tax in baseball which I assume is what was being talked about, and historically the Yankees have been one of the biggest spenders. No formal salary cap though unlike the NBA which has a formal salary cap which can be exceeded in certain circumstances again with a tax on top.

It is definitely also common that some teams luxury tax bills have been larger than other teams entire payrolls. The Mets are paying more in luxury tax this year than 8 teams - over $100m. The lowest payroll in the league is $42m, so it’s a wild system for a league that follows the franchise model.

Fleetwood Town are £25m in debt :yikes:

https://twitter.com/kieranmaguire/st...LhmySD2aRt-GNg

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Originally Posted by TWGL1

Fleetwood Town are £25m in debt :yikes:

https://twitter.com/kieranmaguire/st...LhmySD2aRt-GNg

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The £25 is the accumulated losses.
The debt is “only” £24m.

Our debt is peanuts compared with Man Utd's debts - nearly £1billion! https://www.bbc.co.uk/sport/football/65131177