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[Archived] Financial Fair Play

Paul

By Paul
in Football Messageboard Archive

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FGS5635 Champions League

FGS5635

Posted
Posted

FFP simply cant be policed properly, there will be loopholes galore for any club that wants to bend to the rules

Its also ridiculous that FFP stops owners putting capital into a club. I can see why they want to stop loans and debt, but stopping actual cash injections is stupid and a slap in the face to smaller clubs

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T.J.Newton Champions League

T.J.Newton

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I just cant get my head around ffp, how exactly does fining clubs/owners millions when the club is all ready in debt improve or safeguard anything? (transfer embargos and substantial points deductions should be more than enough punishment)

just seems to me that the f.a. tosspots(or whichever corrupt organisation decides these things) is just trying to squeeze town clubs out of the picture once and for all.

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Parsonblue

Parsonblue

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I just cant get my head around ffp, how exactly does fining clubs/owners millions when the club is all ready in debt improve or safeguard anything? (transfer embargos and substantial points deductions should be more than enough punishment)

just seems to me that the f.a. tosspots(or whichever corrupt organisation decides these things) is just trying to squeeze town clubs out of the picture once and for all.

The Football League FFP was brought about at the instigation of the all of the club chairmen of the 72 Football League clubs. It is the system that THEY WANTED. It has already worked well enough for a couple of seasons in League One and League Two. It was brought about by the Football League to ensure that its 72 clubs survived and couldn't simply build up more and more debt that would force them into liquidation.

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Stuart World Cup

Stuart

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I couldn't make out Kane's name and I thought the far left looked like Rochina?? LOL

Either way it's not even a dream. No chance. Not a prayer. Not a hope in hell. IMO of course (which isn't worth much) ;)

To be fair, I thought it was Rochina and Evans, not Spurr and Kane! :lol:
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Veevs Uefa Europa League

Veevs

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Not saying you are wrong - but why £3m ? That was the approx losses last season - a season when we paid off three managers, a chief executive and numerous players - and this season our wages bill must be lower as a result ?

I don't think our losses are anywhere near that, still bloody awful mind.. circa 1-1.2m pcm at a rough guess based on the numbers at the moment.. people jump at some of the insane figures floating around (season loss or financial year loss) and remove player transfers and simply divide them by 12..

Last season we paid off Kean, Appleton, Berg (2.3m there alone), a couple of directors, lots of backroom staff, a few players and paid the near premier league standard wages for Olsson, Murphy, Givet, MGP, Gomez (together at least 6m pa in wages based on an average 25k wage which I doubt many can argue) and a fair few others who got directly replaced (Bentley, CKR, Jones, Vukcevic, Stewart, Sandomierski, Formica etc) .. we also paid significant sums on the lads from Portugal (circa 1m), made a 5m plus loss on transfers before agent fees...

Don't think the situation is getting better (hell we are still making a massive loss brought about by Venkys) but I do wish people would not take last years figures and divide by 12.. it is never that simple.

Anyone know who our financial director is btw (and don't say Silk as clearly stated she left 30/09)?

NB it is worth noting that next season we will need to find an extra 8m with reduced parachute payments coming into effect(16m for two then 8m or two)... so even if we managed to ONLY loose 12m this season we will need to magically reduce costs or make sales to make up the other 12m to meet FFP rules.

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gumboots World Cup

gumboots

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The problem is that clubs coming down from the Premier League are very ill equipped to deal with it unless they see relegation coming from a few years off and make sure that everyone is one a big wage cut when they sign contracts from now on. The parachute payments provide a cushion but not enough if you suddenly plummet as you don't have time to start getting your house in order before it's upon you. That's why it's worked in the lower leagues, but for sides in the Championship, both those with aspirations to win promotion and those who have been relegated without having made proper preparation, it's going to be really hard

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Stuart World Cup

Stuart

Posted
Posted

The problem is that clubs coming down from the Premier League are very ill equipped to deal with it unless they see relegation coming from a few years off and make sure that everyone is one a big wage cut when they sign contracts from now on. The parachute payments provide a cushion but not enough if you suddenly plummet as you don't have time to start getting your house in order before it's upon you. That's why it's worked in the lower leagues, but for sides in the Championship, both those with aspirations to win promotion and those who have been relegated without having made proper preparation, it's going to be really hard

Some would say that is the clubs' own fault but the gap in rewards for staying in the PL are so huge compared to being relegated that the mentality is that clubs are over a barrel. Players and agents know this, and fans don't accept giving up in March.

Fair Play in this context was removed in 1992 when the PL was born. The gap is now so huge that it's created a massive imbalance and a paradox for club finances.

The concept of relegation from the PL team is like a mandatory game of Russian Roulette for club chairmen at the end of every season.

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Blue blood

Blue blood

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Some would say that is the clubs' own fault but the gap in rewards for staying in the PL are so huge compared to being relegated that the mentality is that clubs are over a barrel. Players and agents know this, and fans don't accept giving up in March.

Fair Play in this context was removed in 1992 when the PL was born. The gap is now so huge that it's created a massive imbalance and a paradox for club finances.

The concept of relegation from the PL team is like a mandatory game of Russian Roulette for club chairmen at the end of every season.

Spot on, especially your middle point. Would add that Fair Play was more than removed, nigh on obliterated when champions league money came in, in full swing, along with places for CL down to 4th to ensure the big clubs always got it.

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Stuart World Cup

Stuart

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Posted

Spot on, especially your middle point. Would add that Fair Play was more than removed, nigh on obliterated when champions league money came in, in full swing, along with places for CL down to 4th to ensure the big clubs always got it.

Great point.

And it turn, that means that the top 4-6 clubs can afford to hoover up all of the talent to sit on their bench or turn out for their reserves. Or be loaned out to clubs who nurture them, give them experience and give them back having added all the value for the big club to decide whether to keep them or sell them.

The irony of course is that we didn't give two hoots when it was us doing it, albeit on a smaller scale.

But ultimately it's a small group of clubs like ours who are caught in the squeeze between having large income and having tiny income - whilst not being able to reduce our expenses quickly enough.

To be fair to relegated teams, we need the parachute payments to to be sized to the value of the full first team contracts until their expiry. Any new contracts issued post-relegation are then the club's fault.

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AggyBlue World Cup

AggyBlue

Posted
Posted

To be fair to relegated teams, we need the parachute payments to to be sized to the value of the full first team contracts until their expiry. Any new contracts issued post-relegation are then the club's fault.

Disagree, relegation clauses should be included in all contracts.

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