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Financial Fair Play (FFP)
- Thread starter Hawkeye1947
- Start date
Otis Redding
Try A Little Tenderness
Re: FFP
I take your point IRTD, but how much did Aston Villa spend during both windows last season? making a complete mockery of the true intentions behind the parachute payment system, whilst the existing 21 clubs are expected to abide by the FFP rules or risk sanction.
I take your point IRTD, but how much did Aston Villa spend during both windows last season? making a complete mockery of the true intentions behind the parachute payment system, whilst the existing 21 clubs are expected to abide by the FFP rules or risk sanction.
Re: FFP
What's wrong with signing a player and the contract reads "while in the premier league your pay will be xxxxxx a week. If relegated your pay will be a much smaller number than xxxxxx or you can leave."
Problem solved, parachute payments not required.
What's wrong with signing a player and the contract reads "while in the premier league your pay will be xxxxxx a week. If relegated your pay will be a much smaller number than xxxxxx or you can leave."
Problem solved, parachute payments not required.
incapable hulk
Best served cold
Re: FFP
Or what is wrong with the Premier League saying that parachute payments can not be used towards transfer fees or wages for new players and can only be used to ease the transition to Championship football for current players and staff.
Or what is wrong with the Premier League saying that parachute payments can not be used towards transfer fees or wages for new players and can only be used to ease the transition to Championship football for current players and staff.
valspoodle
Steve Chettle
Re: FFP
I'm another one who just doesn't buy the argument for parachute payments.
The problem is that, with all the money sloshing about the Premier League, the clubs have gone bonkers on paying high wages knowing they have a safety net. Make them exhibit financial prudence, so in the event of relegation, they can pay their bills without getting a great big handout. Similar to the Scottish situation where Nicola Sturgeon constantly harps on about her skill with money, when we just give her an enormous wad of cash every year and she spends it how she wishes whilst the rest of us pay for defence etc.
I'm another one who just doesn't buy the argument for parachute payments.
The problem is that, with all the money sloshing about the Premier League, the clubs have gone bonkers on paying high wages knowing they have a safety net. Make them exhibit financial prudence, so in the event of relegation, they can pay their bills without getting a great big handout. Similar to the Scottish situation where Nicola Sturgeon constantly harps on about her skill with money, when we just give her an enormous wad of cash every year and she spends it how she wishes whilst the rest of us pay for defence etc.
TonyRedForever
Youth Team
Re: FFP
Think every non relegated premier league team in the championship is sick to death of the FFP unfairness.
Maybe this time with the Olympiacos connection we can find at least 4 loopholes for bringing in quality players on loan.
Think every non relegated premier league team in the championship is sick to death of the FFP unfairness.
Maybe this time with the Olympiacos connection we can find at least 4 loopholes for bringing in quality players on loan.
I'm Red Till Dead
Stuart Pearce
Re: FFP
It will be interesting to see what punishment, if any, the arbitration panel comes up with when they meet this month regarding QPR's FFP Breach in 2013-14.
http://www.bbc.co.uk/sport/football/39950114
It needs to be resolved this month so they know where they stand in their preparations for next season.
It will be interesting to see what punishment, if any, the arbitration panel comes up with when they meet this month regarding QPR's FFP Breach in 2013-14.
http://www.bbc.co.uk/sport/football/39950114
It needs to be resolved this month so they know where they stand in their preparations for next season.
Re: FFP
As an aside, where do we currently stand regarding FFP? Does anyone know? Are we going to suffer in the transfer market this season because of it?
It's a shame that the FA can't assess the situation a club is in when it changes hands, and essentially write-off previous financial history, or at least allow a different amount to be lost in the first season of new ownership - all on a case-by-case basis, of course.
It's not our fault Fawaz was a fuckwit :/
As an aside, where do we currently stand regarding FFP? Does anyone know? Are we going to suffer in the transfer market this season because of it?
It's a shame that the FA can't assess the situation a club is in when it changes hands, and essentially write-off previous financial history, or at least allow a different amount to be lost in the first season of new ownership - all on a case-by-case basis, of course.
It's not our fault Fawaz was a fuckwit :/
george lyall
Jack Armstrong
Re: FFP
This would only follow the slapping down of agents, otherwise known as parasites
This would only follow the slapping down of agents, otherwise known as parasites
Barry
Where's me hammer?
Re: FFP
My guess is 5 million which to QPR would be totally worth it
Itll be a fine, reduced on appeal.
My guess is 5 million which to QPR would be totally worth it
george lyall
Jack Armstrong
Re: FFP
Didn't Fawaz pay off a wedge of our debt? Wasn't it not close to £17 million and brought our debt to less than £5 million? Or have I been imagining it? FFP shouldn't stop us spending £30 odd million more than we earn over the next three years. So, I don't think that FFP is a particular issue. What we want and need to do is hope season tickets go through the roof, everyone buys a shirt and our commercial side takes off.
Didn't Fawaz pay off a wedge of our debt? Wasn't it not close to £17 million and brought our debt to less than £5 million? Or have I been imagining it? FFP shouldn't stop us spending £30 odd million more than we earn over the next three years. So, I don't think that FFP is a particular issue. What we want and need to do is hope season tickets go through the roof, everyone buys a shirt and our commercial side takes off.
GreeksBearingGifts
Stuart Pearce
Re: FFP
This is interesting; it is not exactly paying back debts to third parties but writing off debts to himself. And given that this occurred in February, i.e. after the appointment of both Warburton and Samantha Gordon, who were EM's choices, I wonder if that writing off is not actually part of the takeover deal...
This is interesting; it is not exactly paying back debts to third parties but writing off debts to himself. And given that this occurred in February, i.e. after the appointment of both Warburton and Samantha Gordon, who were EM's choices, I wonder if that writing off is not actually part of the takeover deal...
puds1970
Steve Chettle
Re: FFP
According to the post we may have to sell BB to stop us falling foul of FFP rules once again. Yet our friends down the road have the wage bill of a Hollywood blockbuster and are getting linked with multi million pound players. This is on top of making massive losses over the last couple of years.
How come the same threat doesn't seem to be lingering over them?.
Sent from my iPad using Tapatalk
According to the post we may have to sell BB to stop us falling foul of FFP rules once again. Yet our friends down the road have the wage bill of a Hollywood blockbuster and are getting linked with multi million pound players. This is on top of making massive losses over the last couple of years.
How come the same threat doesn't seem to be lingering over them?.
Sent from my iPad using Tapatalk
Le Juif Rouge
Senior Mass Debater
Re: FFP
More than likely yes. When takeovers take place all sorts of mechanisms are agreed to try and find a win-win. Both sides want as much out of it as possible and that is where the tradeoffs and sweeteners come in, and some components that you never hear about.
More than likely yes. When takeovers take place all sorts of mechanisms are agreed to try and find a win-win. Both sides want as much out of it as possible and that is where the tradeoffs and sweeteners come in, and some components that you never hear about.
Barry
Where's me hammer?
Rzar
Bob McKinlay
Re: FFP
Not just them, many other teams too. I personally think there is plenty of ways around it, we were just too lazy and incompetent to use the methods under FAH.
Not just them, many other teams too. I personally think there is plenty of ways around it, we were just too lazy and incompetent to use the methods under FAH.
Steve B
Jack Armstrong
Re: FFP
Still not sure I've fully grasped our FFP situation.
The article says we lost £21.6m in 14-15, with Fawaz's debt write off it brought losses to £2.2m in 15-16. Does that mean we had to stay within a £6.2m loss in 16-17 or we're in trouble or have I got it wrong?
Also if Fawaz paid the debt off on Feb how is it refelected in 15-16 period?
Also when does this 3 year financial period end? We must be close to being beyond it now?
I still think it's out of order that we could be punished twice for the same period. The 14-15 loss was the one we were already punished for I thought.
I'm confused.
Still not sure I've fully grasped our FFP situation.
The article says we lost £21.6m in 14-15, with Fawaz's debt write off it brought losses to £2.2m in 15-16. Does that mean we had to stay within a £6.2m loss in 16-17 or we're in trouble or have I got it wrong?
Also if Fawaz paid the debt off on Feb how is it refelected in 15-16 period?
Also when does this 3 year financial period end? We must be close to being beyond it now?
I still think it's out of order that we could be punished twice for the same period. The 14-15 loss was the one we were already punished for I thought.
I'm confused.
Frank Clark’s Tash
Jack Burkitt
Re: FFP
The FA works in mysterious ways.
The FA works in mysterious ways.
Captain Sinister
Senior doom Monger
Re: FFP
I wonder if, with the Club's new "open approach", we will get a clear statement, complete with numbers, to explain to the Club's supporters exactly what the FFP position is at the moment?
Each of us may have an opinion about where we are, but the FFP calculations are a seriously dark art, despite being subject to an apparently transparent formula for calculation.
However, as in many aspects of things that appear to be simple, the simplicity is deceptive, and all sorts of adjustments/exclusions/inclusions can be made to justify the final calculation.
One thing that does appear to me to be another factor in favour of the new owner is that he is financially literate, and also prepared to employ people who are experts to enable him to achieve his business objectives.
He is Marinakis; he delivers!
Edit: with average home attendance dropping from>23k to <20k, that would result in a loss of turnstile takings of >£1m (ex VAT) - half of the net loss.
I wonder if, with the Club's new "open approach", we will get a clear statement, complete with numbers, to explain to the Club's supporters exactly what the FFP position is at the moment?
Each of us may have an opinion about where we are, but the FFP calculations are a seriously dark art, despite being subject to an apparently transparent formula for calculation.
However, as in many aspects of things that appear to be simple, the simplicity is deceptive, and all sorts of adjustments/exclusions/inclusions can be made to justify the final calculation.
One thing that does appear to me to be another factor in favour of the new owner is that he is financially literate, and also prepared to employ people who are experts to enable him to achieve his business objectives.
He is Marinakis; he delivers!
Edit: with average home attendance dropping from>23k to <20k, that would result in a loss of turnstile takings of >£1m (ex VAT) - half of the net loss.
Last edited:
Alf-engelos Mindminackers
The Artiste formally known as "Wanksy"
Re: FFP
The problem is that doesn't allow the yo-yo clubs, who are usually media & FA darings, to stay in touch with the "elite" no matter how badly they are mismanaged.
It gives us "lower" clubs half a chance, and that isn't ever gonna keep all the money in the greedy pot at the top.
The problem is that doesn't allow the yo-yo clubs, who are usually media & FA darings, to stay in touch with the "elite" no matter how badly they are mismanaged.
It gives us "lower" clubs half a chance, and that isn't ever gonna keep all the money in the greedy pot at the top.
congo_red_49
Ale Ape
Re: FFP
Nobody grasps FFP - as it seems to be based on a set of rules that no-one can view, measuring figures that no-one has access to.
Nobody grasps FFP - as it seems to be based on a set of rules that no-one can view, measuring figures that no-one has access to.