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Even if I'm wrong and the latest set of accounts aren't considered within the 3 year rolling period due to a ridiculous loophole their strategy is still very rogue and based on a lot of intangibles which aren't even achievable. If they're unsuccessful in achieving promotion in the next couple...

Didn't they enter into a facility agreement with Knighthead?

From my understanding it was that equity injections could be included in turnover, loans could not. Loans are separate from equity investments.

Yes, and there's categorically no way they would've been able to adhere to those regulations given the players they still had under contract, and those which were bought in.

Player wages alone would've probably exceeded their income last season.

They changed the rules midway through last season due to Birmingham's spending spree. https://www.bbc.co.uk/sport/football/articles/c36e4068113o

I'm pretty sure this is completely wrong. Yes, transfer fees weren't included in the previous regulations therefore wouldn't have counted towards SCMP at the time. However, with a wage bill that would've inevitably dwarfed the rest of L1's by some distance, their operational losses would've...

Their strategy is concerning to be honest. The interest payment is significant and there's no real way of repaying it as it stands without coming off Birmingham's bottom line or just accruing year on year. Their idiot owner is claiming BCFC will have the biggest revenue ever of clubs which...

Not necessarily. Contracts can often be agreed with the representatives of the player first, then the buying club will place a bid.

Negotiations between Sporting / Arsenal and Gyokeres / Arsenal are indeed separate, but as mentioned the financial package from Arsenal's perspective will still be assessed as a whole - so transfer fee and add-ons + cost of wages over the course of his contract. Gyokeres' camp will know full...

Not sure I'd agree with that. Transfer fee won't be the only consideration from the Arsenal camp they'll be looking at the financial package as a whole. I'm not saying it's true, however if Gyokeres did willingly sacrifice 2m euros of his wages pa then that would've been appealing IMO. Don't...

It's not just €2m. It's €2m per year for the duration of his contract. He'll be signing a 5 year deal most likely so that's around £8.5m in total.

I do get a bit of a square pegs round hole vibe with Birmingham's business so far this window. I can see several of their signings not working out as they inevitably hope.

£100m facility agreement which has a fixed interest rate of nearly £12% attached.

It's the quiet death of the ITK club. DK has put a stop to the leaks, and to be honest rightly so. The amount that used to get out was shambolic really. The silence now points to the club being a much more professional outfit. Boring for the average fan, mind.

It'll be €2m euro per year over the course of his contract which will probably be agreed as 5 years.

Wasn't it 10 open league goals from open play? They certainly overspent, but once again, as a player he can't control the fee that's spent on him. I'm not saying he shouldn't have done better last season that's undeniable, and I've already pointed to his drop off in form at the back end of the...

He can't control that. It's bizarre that's the point you're pushing. His numbers last season also aren't really that awful and you can't just discount pens to suit your argument. The season prior in the Championship he scored 13 goals in open play.

I think that's a bit naive really. The pressure that kind of fee would've placed on him would've been extortionately heavy, especially at a relatively young age. I can't be bothered to corroborate your first point, I'm almost certainly sure it's wrong though. Granted I wouldn't say he had an...

Stansfield is a decent enough option to be honest. Had a reasonable season last time round in the Champ playing in what was a pretty poor side.