“A huge thanks must go to the owner for injecting the required funding to allow us to move into this stronger position.”
So money is being invested in then as the Football League had to approve this, how much 'required funding' are the owners going to make into the Club before they see that the Ricoh is the only way forward?
Would be good if they could just clarify exactly what they have done in that respect. Only details so far are that ARVO have lent Otium £9.1m (a big chunk of which carries interest)and that Otium have issued £500k in shares of some description.
I would think that with the FA cup run the finances have improved in terms of salary protocol( FFP) plus if they sell on Clarke & Christie then we would be within that the limits I would guess.
We have got rid of nearly all the high earners and reliant on cheaper players including a lot of youngsters, some of which will not be covered by the salary cap rules
what the rules say
All player wages are included in the calculation. This covers basic wage, bonuses, appearances and any other add-ons. The calculation also includes PAYE, medical costs, cars and travel and also agent payments. Basically the full cost of a player is included. Players included are all contract players (full contract, non-contract, multiplicity etc.) and loan players. Players loaned out are deducted for the period of the loan. Players not included are youth players on a professional contract (i.e. players that have been in the club’s YD scheme and have been given a pro contract. They must be 20 years of age or under at the start of the season to be discounted from the SCMP calculation).
That said it is good that they are able to trade players more normally
