A small report in the Sunday People referred to the English Football League's alterations to the Financial Fair Play and stated that: A) proposal was put forward to increase the amount of loss a club could make to more than the current £39m over three years. Only 6 clubs voted for the amount to be increased, therefore the resolution failed miserably; b) Resolution passed to allow points to be deducted for any team breaking the £39m barrier. This is on top of the current regulations. c) When the clubs' financial year ends at 30 June, a committee will be set up to review which clubs have broken the £39m barrier in FFP and what punishment they will suffer, which will now include point deduction.
Our CEO, Mr Waggott has stated that we are currently inside the FFP target of £39m, but not by how much. It would be foolish, imo, for Rovers to spend £5m (just a guess - I wish) on players prior to 30 June with the possibility of pushing us into FFP. So I can't see any serious amounts of money being spent until after 1 July, which puts us into the next financial year. Am I being too logical to expect the odd freebie or loan-signing until we hit the 1 July? This is just an observation.
Is the Sunday People correct? Any ideas?