Ince gone now

[Jedi boro]

Another one falls

 

[Jedi boro]

https://twitter.com/x/status/1645716246799720450

 

[TeaCider]

Hopefully left it too late.

Then that's 3 of the 4 stadium sale clubs that have ultimately been relegated to League One on the back of it.

 

[Colin Warnek]

Bad timing that.

 

[Left_peg]

Bit mad that, they're in poor form but it was a team of misfits and if it wasn't for the points deduction they'd be clear of the bottom 3. Surely the problem lies firmly at the door of the owners?

 

[Ipad1977]

It's crap timing. Relying on a new manager bounce to get them out of trouble is a high risk strategy especially when it's likely his successor will take a few games to get to know the squad?

See Alan Shearer.

Bad timing that.

 

[Rauko]

That's a bit daft .. ok, they aren't on the greatest run but the reason they are in the relegation zone is because of the club, not Ince

 

[Hazzinho]

Carrick must be one of the longest serving managers in the championship already

How can they sack him? They've just been docked points, that's not his fault.

 

[BoroMart]

Hopefully left it too late.

Then that's 3 of the 4 stadium sale clubs that have ultimately been relegated to League One on the back of it.

Sheff wed, Derby, reading, who’s the fourth?

 

[TeaCider]

Sheff wed, Derby, reading, who’s the fourth?

Aston Villa, but they've gotten away with it entirely and avoided the issues through promotion.

 

[Piccadilly Day Tripper]

He was doing a poor job there though, and didn't seem to have much of a clue

 

[Diego]

Noel Hunt appointed until end of season

 

[The_Big_Woodowski]

Aston Villa, but they've gotten away with it entirely and avoided the issues through promotion.

Stoke have also done it, on top of writing down the value of all there players to coincide with relaxed FFP rules around COVID

 

[r00fie1]

As bad as Leicester appointing Dean Smith yesterday.
Eight games to go- starting away at Man City!

 

[TeaCider]

Stoke have also done it, on top of writing down the value of all there players to coincide with relaxed FFP rules around COVID

Eurgh, I'd actually missed that one too.

But their owners are rich enough and savvy enough that I think they'll probably manage to navigate through any problems without getting punished for mismanagement.

 

[MVBoro]

Same level of panicking/desperate throw of the dice, as in the premier league. I didn't realise Blackpool had parted ways with McCarthy until yesterday. That was a strange appointment.

 

[Alzi]

Reading bizarrely started the season quite strongly.

They’ve done a reverse us basically.

 

[r00fie1]

Same level of panicking/desperate throw of the dice, as in the premier league. I didn't realise Blackpool had parted ways with McCarthy until yesterday. That was a strange appointment.

Didnt even know he had got the sack?!
Barmy!

 

[Anton_Berg]

Ince hasn't gone. He's just jumped on the merry-go-round.

 

[indeedido]

Eurgh, I'd actually missed that one too.

But their owners are rich enough and savvy enough that I think they'll probably manage to navigate through any problems without getting punished for mismanagement.

Stoke owners are the Coates family and Bet365.
Denise is sharp and ruthless, the family members who run the club not at all.
On 31st May 2022 the Group (Denise) waived £120m of Undertakings. They simply wrote off £120m of intra Group debt the club had in a single stroke. Bet 365 can do that and not blink.
Stoke lost £88m in the year to May 2020, largely as a result of writing off £73m in amortisation and impairment of players.
They lost a further £43m in year to May 2021, amortising and impairing the rest of their squad value. The nett book value of their squad is currently £6m

It is absolutely impossible for them to be FFP compliant given they lost £15m in 2019 too.
Clubs can not lose this and be FFP compliant. It is a shocker as a Ive posted many times before.

They have effectively lost a lot of money in the PL, then on relegation simply written off player values creating monster debt, incredibly dodged FFP through Covid and then simply waived what they've lost.
It leaves the club far less underwater than us, but still with £93m of negative nett shareholder value mainly through still owing Group £106m.
Of course an owner is permitted to inject equity or write off loans to keep a business afloat, BUT it is disgraceful that they have been allowed to account like this from an FFP perspective.
The whole point of FFP was to stop owners simply bankrolling losses the club can not sustain.