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Financial Fair Play (FFP)

Vikare

Viv Anderson
Perhaps if you re-read the whole thread, you’d see the question I asked was „which Marinakis?“ as it seemed one particular poster (and only one) had read my response to Emmo‘s post, put two and two together and got fifteen, which I subsequently clarified.

I have also posted (more than once) criticising the ownership for their seeming lack of financial governance. That is an absolutely legitimate criticism - have a read of the full report from the Independent Commission, and you’ll see they level similar concerns about the conduct of NFFC. (And yes, corporate governance is something I know a little bit about, and Forest have - frankly - made a mess of that here).

And, personally rude? „Go and enjoy your wank“?

Seriously?

This is a friendly, welcoming forum, where we can share a love of Forest and other stuff. Those of us who give up our time as Moderators of this forum will not allow it to become an untrammelled shit-fest of cliquish behaviour where posters think they can insult others with impunity; that’s not how we’ve rolled for twenty years now, and we won’t change that philosophy, and if anything, the promotion to the Premier League has brought us a different kind of fan, whose behaviour is not always what we’d wish. But, that’s life, as it were.

Our way of running the forum is clear: make your point, and defend it; and don’t personally insult other posters.

If your preference is for more robust debate, there are of course other forums which you might find preferable.

Also, who the eff does not enjoy a wank?

Should I instead be shame-wanking?

Wait. I'd enjoy that too.
 

Strummer

Socialismo O Muerte!
LTLF Minion
Also, who the eff does not enjoy a wank?

Should I instead be shame-wanking?

Wait. I'd enjoy that too.
As was posted the other day; life is far too short to be ashamed for enjoying anything remotely kinky.

Knock yourself out.

Or off, perhaps in this case.
 

It's Baggio

John Robertson
Looks like we're doubling down on the "unique" angle - that being that the majority of clubs promoted to the PL and the 2 sides we came up with all had squads containing PL quality players and had benefitted from parachute payments in the past etc so therefore we (and indeed any future) clubs that are unexpectedly promoted HAVE to spend big to have a hope in hell of staying up so therefore some leeway should be given and that we probably shouldn't have been restricted to the P&L level that we were judged against.... the PL challenged this whole line saying:

"The Commission does question the use of “unique” in Forest’s submissions. It was clear from Mr Brown’s report that 12 other clubs over the last 10 years of the Premier League (so 13including Forest) had been promoted without the benefit of a Parachute Payment the year before. They then joined a league where the other 17 teams all had a Premier League squad and, in the main, would have the benefit of the full £105m PSR Threshold. This is not a unique occurrence, rather it is something that has happened every season in the previous 10 seasons, on average"

I found that line interesting, so I checked. Of those 13 teams, only 1 went down in their 1st season in the PL (Middlesboro 15/16), the rest stayed up (Luton TBC).

Doesn't really support Forest's argument.

Screenshot 2024-03-18 233049.png
 

WallyBazoom

Yoth Team
Perhaps if you re-read the whole thread, you’d see the question I asked was „which Marinakis?“ as it seemed one particular poster (and only one) had read my response to Emmo‘s post, put two and two together and got fifteen, which I subsequently clarified.

I have also posted (more than once) criticising the ownership for their seeming lack of financial governance. That is an absolutely legitimate criticism - have a read of the full report from the Independent Commission, and you’ll see they level similar concerns about the conduct of NFFC. (And yes, corporate governance is something I know a little bit about, and Forest have - frankly - made a mess of that here).

And, personally rude? „Go and enjoy your wank“?

Seriously?

This is a friendly, welcoming forum, where we can share a love of Forest and other stuff. Those of us who give up our time as Moderators of this forum will not allow it to become an untrammelled shit-fest of cliquish behaviour where posters think they can insult others with impunity; that’s not how we’ve rolled for twenty years now, and we won’t change that philosophy, and if anything, the promotion to the Premier League has brought us a different kind of fan, whose behaviour is not always what we’d wish. But, that’s life, as it were.

Our way of running the forum is clear: make your point, and defend it; and don’t personally insult other posters.

If your preference is for more robust debate, there are of course other forums which you might find preferable.

I think most people saw straight through your response of "which Marinakis" to be honest, Strummer. It's not like anyone would look at Junior and go "oh yes! Ha! Look at his double chin! That's who he was on about"!

Pull the other one, it's got bells on it.

Pull your own . . . . and enjoy it . . . . and try and practice what you preach because you're starting to come across as sanctimonious. Maybe you've changed too, for all your talk of inclusion and "different" kinds of Forest fan on the forum . . . maybe it's you turning it into an untramelled, shit-fest of cliquish behaviour by imposing your very own views/opinions on the forum you moderate; don't agree with the moderator? Let me passively aggressively suggest you find another forum? Top notch, that. Well done.
 

stantonred

First Team Squad
It’s late, this thread is heading towards 7000 posts so my crayon version of my take on it.

We knew quite early we were going to be over the limit, identified a solution of flogging Bren. Started touting him but he was between agents. We had a value in mind and (rightly) wanted to hold out for it.

The offers that came were derisory (mark arthur levels of) so we held out and knew we’d be potentially in trouble but had reasonable mitigation in line with accepted accounting principles and practice.

Premier league are two faced wankers. Decide to throw us under the bus for whatever reason. Even though profitability and sustainability are what the rules are ultimately about, in their fuckwitted take, we should’ve sold cheap just to make them happy (dicks)

Club release a well worded statement calling out the corrupt twats, everyone (probably apart from the big 6 and the sycophants in charge) agrees with us.

So, what next?

Probably not a lot will change. They won’t want to rock their gravy train

What would I like to happen?

Change. Get back to a level playing field. Not what is being touted. Clubs only spending a percentage of revenue? So basically even more loaded to keeping the same clubs at the top.
 

ubik

Geoff Thomas
I think most people saw straight through your response of "which Marinakis" to be honest, Strummer. It's not like anyone would look at Junior and go "oh yes! Ha! Look at his double chin! That's who he was on about"!

Pull the other one, it's got bells on it.

Pull your own . . . . and enjoy it . . . . and try and practice what you preach because you're starting to come across as sanctimonious. Maybe you've changed too, for all your talk of inclusion and "different" kinds of Forest fan on the forum . . . maybe it's you turning it into an untramelled, shit-fest of cliquish behaviour by imposing your very own views/opinions on the forum you moderate; don't agree with the moderator? Let me passively aggressively suggest you find another forum? Top notch, that. Well done.
Sorry, have I missed something?

You seem very angry.

I can recommend Buddhist meditation, not least because it seems to encompass the view that we are all empty (like, we don't last too long so we're not ultimately real).

Which also suggests that any football angst is ephemeral -but we all know that's NOT TRUE!!!...calm him down, nurse! Nurse! OK, think we've got him in the straitjacket now...ngg...ngg...
 

WallyBazoom

Yoth Team
Sorry, have I missed something?

You seem very angry.

I can recommend Buddhist meditation, not least because it seems to encompass the view that we are all empty (like, we don't last too long so we're not ultimately real).

Which also suggests that any football angst is ephemeral -but we all know that's NOT TRUE!!!...calm him down, nurse! Nurse! OK, think we've got him in the straitjacket now...ngg...ngg...

You're not empty . . . . . you're full of apple turnovers and mince pies, Mr. Arbuckle.
 

Lord Wazzock

First Team Squad
I've just watched the latest Dore on Tour vid. One of his guests, Mollo, was going through the report. I've met him a couple of times, decent chap, he's currently studying law.

He was saying he didn't think Forest would stand a chance with appeal. His opinion was all the mitigation from Forest was rejected and the report was harsh on Forest. Apparently Everton are mentioned a lot and he seems to think they're going to get battered again.

He also claimed we could get points added back on at appeal, I didn't think this was the case though?

An interesting take on the situation any road.
 

tomw94

Geoff Thomas
I don't think so. Johnson's sale was never in the 22/23 numbers. They just wanted it to be used as mitigation.

That forecast will include his sale (Scarpa, Surridge as well). Which doesn't make good reading as we look to be well over the increased limit for this season.

FY22 -£40m
FY23 -£52m
FY24 -£12m (forecast)

= - £104m (the limit is -£83m).

So we'll need Mangala's sale on the books before June 30th & maybe another one.
Does that include the £10m from Mangalas loan? As the £25m total would see us under if it does not.

If it does include the £10m, it seems like we need to sell a player for £6m plus before June 30th. Which you can guess the club were hoping would be Besiktas taking up Worrall’s buy option.
 

redodare

First Team Squad
Percy points out both the club and the PL can appeal the penalty.
I'm not sure firing off an angry statement serves much purpose than making us feel better temporarily.

Percy: "Both Forest and the Premier League can appeal the four-point deduction handed down by the independent commission. The club now intend to take their time to consider next steps, including the potential to appeal while top flight executives reserve the right to push for a harsher punishment, should they feel the current sanction is too lenient. Both parties have seven days to lodge any appeal"

I'm with the shut up and start winning a few games brigade.
 

tomw94

Geoff Thomas
Percy points out both the club and the PL can appeal the penalty.
I'm not sure firing off an angry statement serves much purpose than making us feel better temporarily.

Percy: "Both Forest and the Premier League can appeal the four-point deduction handed down by the independent commission. The club now intend to take their time to consider next steps, including the potential to appeal while top flight executives reserve the right to push for a harsher punishment, should they feel the current sanction is too lenient. Both parties have seven days to lodge any appeal"

I'm with the shut up and start winning a few games brigade.
Yikes imagine if the PL appealed to try and take more points off.
Have the Prem released a statement yet officially recognising the outcome?
 

It's Baggio

John Robertson
Does that include the £10m from Mangalas loan? As the £25m total would see us under if it does not.

If it does include the £10m, it seems like we need to sell a player for £6m plus before June 30th. Which you can guess the club were hoping would be Besiktas taking up Worrall’s buy option.

There's no real detail. It just says they are forecasting a loss of £12m-£17m. I'd assume it includes the loan fee (£10m) as that is confirmed but not the permanent fee (£15m TBC).

The forecast may also be referring to the operating loss as opposed to the 'PSR loss', which may also give us some more leeway. FWIW, Forest do go on to claim they will be compliant for June 2024.
 

redodare

First Team Squad
Yikes imagine if the PL appealed to try and take more points off.
Have the Prem released a statement yet officially recognising the outcome?
The PL issued a statement that stuck to the facts and offered no opinion on the merits of the penalty.
Makes our emotional note , pointing fingers , seem plain daft.
Of course the PL will likely be lobbied by Luton, Everton who are very upset that their breach was for less but got more points and other enemies we seem happy to make:

The PL statement in full:

Nottingham Forest deducted four points following a breach of the Premier League’s Profitability and Sustainability Rules​

An independent Commission has applied an immediate four-point deduction to Nottingham Forest FC for a breach of the Premier League’s Profitability and Sustainability Rules (PSRs) for the period ending Season 2022/23.
Nottingham Forest was referred to an independent Commission on 15 January, following an admission by the club that it had breached the relevant PSR threshold of £61 million by £34.5 million. The threshold was lower than £105 million as the club spent two seasons of the assessment period in the EFL Championship. The case was heard in accordance with new Premier League Rules, which provide an expedited timetable for PSR cases to be resolved in the same season the complaint is issued.
The independent Commission determined the sanction following a two-day hearing this month, at which the club had the opportunity to detail a range of mitigating factors. The Commission found that the club had demonstrated “exceptional cooperation” in its dealings with the Premier League throughout the process.
Click here to read the independent Commission’s full written reasons.
Commissions are independent of the Premier League and member clubs. The members of the Commission were appointed by the independent Chair of the Premier League Judicial Panel
 

BryanRoy22

Ian Bowyer
Percy points out both the club and the PL can appeal the penalty.
I'm not sure firing off an angry statement serves much purpose than making us feel better temporarily.

Percy: "Both Forest and the Premier League can appeal the four-point deduction handed down by the independent commission. The club now intend to take their time to consider next steps, including the potential to appeal while top flight executives reserve the right to push for a harsher punishment, should they feel the current sanction is too lenient. Both parties have seven days to lodge any appeal"

I'm with the shut up and start winning a few games brigade.
Very dangerous game to take on the cartel. I think it's time to wind our necks in at this point.

We released a statement that expressed our feelings and gave the Premier League some home truths. The media and others are taking it onboard and that's good to get people considering how the future of FFP should be.

That's enough. Because their backs will be up now. I know some people might say this is not showing any fight. We won't win this battle. Leave it alone and focus on picking up enough points in matches. Otherwise it could get worse.
 

Vikare

Viv Anderson
That's f***ing disgusting, f*** off to Direby. I'm reporting this post but the admins seem to be onboard with your point of view, so you don't need to be concerned.

Tongue in cheek?

If not,

I feel obliged to report

that a casual observer (me,)

would not have interpreted "enormous" as anything other than an attempt to de-escalate the conversation.

I am with you on the general "call out hate speech always," but when holding that stance it is important to differentiate between hate speech and genuine botched attempts at humour, otherwise the message gets diluted.
 

andyd

Youth Team
Percy points out both the club and the PL can appeal the penalty.
I'm not sure firing off an angry statement serves much purpose than making us feel better temporarily.

Percy: "Both Forest and the Premier League can appeal the four-point deduction handed down by the independent commission. The club now intend to take their time to consider next steps, including the potential to appeal while top flight executives reserve the right to push for a harsher punishment, should they feel the current sanction is too lenient. Both parties have seven days to lodge any appeal"

I'm with the shut up and start winning a few games brigade.
I am very much in the take it and go get more points than Luton from 9 games brigade.

But why in the world would the Premier League want to appeal the ruling to try and get a harsher punishment? If they were to do that it's nothing short of vindictive against the club. Genuinely, what's in it for the Premier League to try and take more points from Forest? If they want to do that just kick us out the league and be done with it. I can see why Everton or Luton or Leicester or whoever might want to appeal for a harsher punishment but what would be in it for the league? It would make absolutely no sense to victimise one of it's clubs to try and help other clubs survive, it would be the very definition of favouritism and surely call into question their integrity in a whole new way?
 
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