S
Samuel
Guest
They went down to League 1 too, remember?
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They went down to League 1 too, remember?
Nope it isn't.
They built a new ground, couldn't pay for it as they failed to get promoted and went into Admin, incurring no penalty but fuxking over many businesses who had provided them services.
They built a new ground, couldn't pay for it as they failed to get promoted and went into Admin, incurring no penalty but fuxking over many businesses who had provided them services.
JordanForest
Jack Burkitt
Butterscotch
First Team Squad
Crying :') Worse than Liverpool fans.
Easy now! Lets not get carried away.
JordanForest
Jack Burkitt
That's what I thought. The businesses are the ones punished by their lack of competence. They've received no punishment themselves. this genuinely confuses me.
And how does all this tie in with us spending a bit of money in the transfer window. (We should be punished because we've bought players and because they destroyed businesses)
Harry help me out
siforest65
Jack Burkitt
All I can say is it was nice of the paragons of virtue that are leicester to give permission for Wilson to play for us today.
Barry
Where's me hammer?
I dont know why anybody is worried about FFP it has no chance of standing up in a court of law.
Its basically telling the owner of a business he cant put his own money into something he owns.
A decent solicitor would pick holes in it all over the place.
Its just up to the fa which club they pick on for it to get to court.
Its basically telling the owner of a business he cant put his own money into something he owns.
A decent solicitor would pick holes in it all over the place.
Its just up to the fa which club they pick on for it to get to court.
tomasj
Geoff Thomas
Yes, I agree.
But on the other hand, so could anyone with half a brain when it comes "only 25 players" or the number of non-EU citizens in a squad.
FFP is, in my modest opinion, for the good of the game, and I wish it was implemented all over the line.
FIFA and UEFA are, however, organisations that makes any poorly-run African country look positively free of cameraderie and corruption.
JordanForest
Jack Burkitt
Surely it's all fine as long as the owner's are giving the money to the club. Not themselves in loans with interest. If the money goes in and the club remains debt free, surely that's fine?
Never ran a small business that is owed money have you ?, obvious because if you had been in that situation, you would not have posted such childish drivel and utter shite.
Makes me angry, so just do one and sod off you moron.
WatnallRed
Geoff Thomas
I was too young when all this kicked off, but i can remember being in the car with dad and not understanding what it all meant on a century fm phone in. I know basically what they did but does anyone know why they weren't liquidated?
siforest65
Jack Burkitt
They used a loophole to get out of paying their debts yet gain a new stadium plus a premier league team with wage bill that was financed by their creditors. That's why the 10 point penalty was introduced to reduce the incentive to clubs doing that in the future. Vile club and vile fans who condone it.
Because they negotiated a 10p-in-the-pound deal with Creditors.
As a Creditor, better to get 10p for every pound owed instead of nothing.
The FA and Football League had no rules in place to take into account companies going into administration like Leicester did - they subsequently introduced points-penalties to stop other clubs trying the same trick without punishment.
It was a disgraceful ruse by Leicester and one that many find it difficult to excuse.
Barry
Where's me hammer?
Probably because they offered 10% of what they owed ie its better than nowt.....
I thought young harry was blinkered to the point where he cant see that they were never punished and that they ripped aload of local companies off by doing what they did. A team you support getting relagated is hardly a punishment at the side of going to work doing sonething for a company and then only getting offered 10% of money owed months down the line.
WatnallRed
Geoff Thomas
Im surprised that liquidation wouldnt of raised more than 10p in the pound for the creditors though. Then again who wants to buy players on large wagers having just gone down as well as a stadium of no use to anyone other than the club. Im surprised there has never been more made of this in the media, its not on from any company never mind one which a year or two after was function fine.
RobboRobson
Viv Anderson
Derby did something similar on two occassions I think to stuff their creditors. While love or hate Doughty at least he did the honourable thing and paid our creditors. No I was not one of his fans but I appreciated his efforts in a way
WatnallRed
Geoff Thomas
Yh iv always said this as well. We never did anyone over and we did go through it the hard way with 3 seasons in league one and not backing hart when maybe we should have.
On a different note, itll be interesting to see what comes of the RICHO and if the ground firm can turn a profit or not regardless of where coventry play their games.
TribalWars
Banned
Was that when they went into administration?
FOr those quibbling about FFP not standing up in law it's not a legal thing
The Football league has adopted a set if rules for its competition, the owners of the clubs have agreed to abide by those rules. What's to argue about? I guess it's because of Jimbo (I can't practice law anymore) comments about it.
WatnallRed
Geoff Thomas
I was wondering this, the rules where rightfully applied to leeds with their 10 point deduction in league one that season. So why wouldnt they be upheld again in court if points where to be docked for ffp.
F
Francis Benali (on loan)
Guest
Well I am pleased to hear Beaumont Leys still has its wave machine. Had a birthday party there in the eighties. Forest drew 2-2 away at Millwall on that day if I recall - Cascarino, Sheringham, Carter, Hurlock and Ruddock. My old man took us to Beaumont Leys rather than the old Den.
adam09
Super Koopa
Well at least The Den got a lick of paint
Barnfather
Viv Anderson
The whole FFP thing does confuse me, and I'm sure it will all become clear in time.
But rules or not, lets remember that the entire purpose of FFP is NOT to create a level playing field, it IS to ensure that football clubs live 'within their means' to some extent. So, that being the core reason for it, I can't see how a direct injection of cash into the club by the owner would not provide a strong case for the club living within their means and therefore not being penalised.
Otherwise, you could have clubs who are in the black, but are artificially having to cut costs just to meet some arbitary threshold. And therefore the only argument for it would be to create a level playing field, which FFP cannot possibly do due to the parachute payments for ex-Prem league clubs.
I suspect most clubs signed up for it on the basis of it being a sensible high level policy. Which it is. It is the detail in real-life which throws up these issues, and will no doubt throw up workarounds.
And just being part of the rules, doesn't mean it can't be challenged in court...take the Bosman ruling for example.
But rules or not, lets remember that the entire purpose of FFP is NOT to create a level playing field, it IS to ensure that football clubs live 'within their means' to some extent. So, that being the core reason for it, I can't see how a direct injection of cash into the club by the owner would not provide a strong case for the club living within their means and therefore not being penalised.
Otherwise, you could have clubs who are in the black, but are artificially having to cut costs just to meet some arbitary threshold. And therefore the only argument for it would be to create a level playing field, which FFP cannot possibly do due to the parachute payments for ex-Prem league clubs.
I suspect most clubs signed up for it on the basis of it being a sensible high level policy. Which it is. It is the detail in real-life which throws up these issues, and will no doubt throw up workarounds.
And just being part of the rules, doesn't mean it can't be challenged in court...take the Bosman ruling for example.
Stan The Man
First Team Squad
Just clicked on a thread about Kelvin Wilson and had to trench through 5 pages of FFP chat 
DapperDan
Steve Chettle
How was Wilson today for those who went?