New beginnings - 25% Truth, 80% Bollocks

[Bennett]

£8.2m was the expenditure, £6.9m was turnover I thought?

Yup that seems right. I had compared apples to oranges

[Nemo]

He just said FFP on League Two is wages being 40-45% of your turnover. That... isn't correct is it?

[tans]

Its 60% isnt it?

[Bennett]

He said he doesn't know the budget, but then he said he doesn't do anything about players contracts etc he just does the budget.
What is going on

[Riddick]

This guy is a disaster, how can he possibly be qualified to be a CEO. Complete joke.

[Mr Stevens]

Feel a bit sorry for Vic. It's hardly like interviewing Peter Ustinov!

[theakston2k]

He said he doesn't know the budget, but then he said he doesn't do anything about players contracts etc he just does the budget.
What is going on

Can’t even lie consistently. Can see why he’s Morfuni’s right hand man

[theakston2k]

This guy is a disaster, how can he possibly be qualified to be a CEO. Complete joke.

Pretty much just liquidates companies…

[Bennett]

Part 2 – League One Salary Cost Management Protocol (Scmp) Guidance Notes
SCMP Requirement
All League One Clubs (hereafter Clubs or Club) are required to meet the SCMP Requirement (as defined in Note 1.2) for each Reporting Period (as defined in Note 1.3).
The SCMP Requirement is a measure whereby a Club’s Player Related Expenditure (as defined in Appendix B) shall not exceed the sum of:
60% of the Club’s Relevant Turnover (as defined in Paragraph 1 of Appendix A) for the Reporting Period, plus
100% of the club’s Football Fortune Income (as defined in Paragraph 2 of Appendix A) for the Reporting Period.


https://www.efl.com/governance/regulations/#heading-subject-to-paragraph-43-the-disposal-of-a-players-registration-must-be-recognised-in-the-clubs-financial-statements-when-all-significant-conditions-for-the-transfer-or-cancellation-to-take-place-have-been-satisfied-ieit-is-effectively-unconditional-and-the-risks-and-rewards-have-been-transferred

[Nemo]

I assume this was meant to be a charm offensive but he seems to have forgotten the charm.

[tans]

Hang on, he has just said he will find out about what is happening with Karachi.

The same Karachi the club said we had no involvement with.

WTF

[Bennett]

"Sustainable is the club to break even, which allows Clem to invest more in buying players"

That is...a...definition

[tans]

Michael Doughty resigned

[Bennett]

Hang on, he has just said he will find out about what is happening with Karachi.

The same Karachi the club said we had no involvement with.

WTF

It was an error. Clem's only human

[Frigby Daser]

The more you hear, the more you realise that the Board has zero interest in running a successful football club on or off the pitch. Really horrible bunch of people we’ve had these past ten years in particular.