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FFP
Nov 9, 2019 12:32:04 GMT
Post by nott1 on Nov 9, 2019 12:32:04 GMT
Who on earth thought up FFP and why?
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Post by desman2 on Nov 9, 2019 12:39:40 GMT
Who on earth thought up FFP and why? So the big clubs can spend big and the smaller clubs could spend less thus maintaining the status quo.
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Post by AlliG on Nov 9, 2019 12:40:20 GMT
Who on earth thought up FFP and why? The "big" boys to keep the "little" boys in their place and to ensure that the "big" boys always remain the "big" boys.
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FFP
Nov 9, 2019 12:46:03 GMT
Post by robwahlmann on Nov 9, 2019 12:46:03 GMT
I think the basic idea was good as it was supposed to stop clubs from spending a lot of money they didn't have. In this way thay sort of could stop clubs from going bankrupt. If it's been a blessing or an obstacle is another matter?
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FFP
Nov 9, 2019 12:48:01 GMT
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Post by sportsman on Nov 9, 2019 12:48:01 GMT
I hope someone challenges ffp and buggers it off.
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FFP
Nov 9, 2019 12:56:26 GMT
Post by desman2 on Nov 9, 2019 12:56:26 GMT
Can you imagine any other business being prevented from competing with it's rivals
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FFP
Nov 9, 2019 13:02:01 GMT
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Post by GreaterGlasgowstokie on Nov 9, 2019 13:02:01 GMT
I hope someone challenges ffp and buggers it off. Qpr did, failed, but only had to pay a smallish fine. Birmingham only got points deducted because they treated it with contempt and wouldn't pay a fine and breached a transfer embargo. I don't think our club will be too worried if we don't quite stay within the rules, we'd have a fine only, unless we really show no regard for ffp at all
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FFP
Nov 9, 2019 13:06:04 GMT
march4 likes this
Post by Laughing Gravy on Nov 9, 2019 13:06:04 GMT
I think the basic idea was good as it was supposed to stop clubs from spending a lot of money they didn't have. In this way thay sort of could stop clubs from going bankrupt. If it's been a blessing or an obstacle is another matter? It's worked a treat then hasn't it. See Bury, Bolton, Macc etc etc.
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Post by robwahlmann on Nov 9, 2019 17:35:00 GMT
I think the basic idea was good as it was supposed to stop clubs from spending a lot of money they didn't have. In this way thay sort of could stop clubs from going bankrupt. If it's been a blessing or an obstacle is another matter? It's worked a treat then hasn't it. See Bury, Bolton, Macc etc etc. I agree, but that was the intention I think?
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FFP
Nov 9, 2019 17:37:26 GMT
Post by Laughing Gravy on Nov 9, 2019 17:37:26 GMT
It's worked a treat then hasn't it. See Bury, Bolton, Macc etc etc. I agree, but that was the intention I think? The road to perdition is paved with good intentions.
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FFP
Nov 9, 2019 17:58:08 GMT
Post by santy on Nov 9, 2019 17:58:08 GMT
All they needed to do instead was put rules in place that stopped owners loaning money to clubs, and instead if they wanted to invest had to put it in as cash.
The fact that FFP almost necessitates it going in as loans means that its more likely to cause more issues as we get 10-20 years down the line.
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FFP
Nov 14, 2019 7:19:45 GMT
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Post by crouchpotato1 on Nov 14, 2019 7:19:45 GMT
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FFP
Nov 14, 2019 7:45:39 GMT
Post by Lakeland Potter on Nov 14, 2019 7:45:39 GMT
The current parachute payment rule - extracted from a longer article.
"In the first year, the payment is 55 per cent of the amount that each Premier League club receives as part of its equal share of broadcast revenue. Based on the most recent figures, that percentage is roughly £40m. The percentage is reduced to 45% in the second year (roughly £35m) and 20% in the third year (roughly £15m)."
What a sensible club SHOULD do is to ensure that all the best paid player contracts include a relegation clause. And All contracts expire by the end of the 3rd season after relegation.
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FFP
Nov 14, 2019 8:05:23 GMT
Post by Sven on Nov 14, 2019 8:05:23 GMT
So what's to stop the club and bet365 negotiating a new lucrative sponsorship deal to keep us within the FFP boundaries. Would this even be an option or legal and would Denise allow it??
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FFP
Nov 14, 2019 8:52:18 GMT
Sven likes this
Post by Lakeland Potter on Nov 14, 2019 8:52:18 GMT
So what's to stop the club and bet365 negotiating a new lucrative sponsorship deal to keep us within the FFP boundaries. Would this even be an option or legal and would Denise allow it?? Very unlikely it would comply with the rules. We are now a Championship Club and, if anything, FFP would assume that renewal of existing sponsorship would be at a LOWER rate than the figure when we were in the Prem. The authorities have already told a few clubs that their sponsorship deals were excessive. I think Man Citeh had a sponsorship problem a few years back - can anyone shed any light on this? Or am I making it up?
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FFP
Nov 14, 2019 9:02:40 GMT
Sven likes this
Post by chigstoke on Nov 14, 2019 9:02:40 GMT
So what's to stop the club and bet365 negotiating a new lucrative sponsorship deal to keep us within the FFP boundaries. Would this even be an option or legal and would Denise allow it?? I think as Lakeland says, they nip that in the bud quickly I'd suspect.
They would assume that a new sponsorship agreement would be lower due to the relegation and current league standing. Bet365 are swimming in money but the EFL won't take too kindly to them giving us an even bigger sponsorship deal.
For us it's now down to attempting to get the big earners off the books and attempting to claw some percentage of our transfer fees back on sales if possible. Sadly with the likes of Wimmer and Imbula we will massively struggle as their market value has crashed right down. Anyone like Lindsay, Cousins, Ince, McClean of our champo signings will be on wages no other championship club would dream of giving these players, or any team (and that's as much as I said i'd like Ince and McClean off the books in a previous thread).
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Post by Lakeland Potter on Nov 14, 2019 9:16:19 GMT
So what's to stop the club and bet365 negotiating a new lucrative sponsorship deal to keep us within the FFP boundaries. Would this even be an option or legal and would Denise allow it?? I think as Lakeland says, they nip that in the bud quickly I'd suspect. They would assume that a new sponsorship agreement would be lower due to the relegation and current league standing. Bet365 are swimming in money but the EFL won't take too kindly to them giving us an even bigger sponsorship deal.
For us it's now down to attempting to get the big earners off the books and attempting to claw some percentage of our transfer fees back on sales if possible. Sadly with the likes of Wimmer and Imbula we will massively struggle as their market value has crashed right down. Anyone like Lindsay, Cousins, Ince, McClean of our champo signings will be on wages no other championship club would dream of giving these players, or any team (and that's as much as I said i'd like Ince and McClean off the books in a previous thread).
As regards getting rid of the overpriced players, I think the situation gets easier as time passes. I'm no accountant but I do know that the value of a player is "amortised" i.e. written down over the life of the contract. So a player you bought for £20 million on a 4 year contract will have his book value reduced by a quarter each year during the life of the contract until it reaches zero (or possibly until a new contract is signed?) . So as each year passes then, if a player is sold for less than you paid for him, the loss in the accounts reduces. In the example I gave the loss in the accounts for a player sold for nothing would reduce by £5 million for each year that has passed until he is got rid of. As I say I am no accountant but I think this is how it works - no doubt someone will correct me if I am wrong! So, the loss (in the accounts) on players such as Imbula and Wimmer will be much lower if they leave at the end of this season than it would have been if they had gone when we were relegated.
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FFP
Nov 14, 2019 10:44:38 GMT
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nott1 likes this
Post by heworksardtho on Nov 14, 2019 10:44:38 GMT
Who on earth thought up FFP and why? The premier league 😎
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FFP
Nov 14, 2019 13:26:32 GMT
Post by iglugluk on Nov 14, 2019 13:26:32 GMT
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Post by kristoff on Nov 14, 2019 13:34:44 GMT
Tbf it’s a bit misleading. We are only that high because we never actually sold many players for any decent money. Spurs, Leicester’s etc have recouped massive amounts from transfer over the years. Quick scan says we averaged £20 million on players per season, so to come from the owners that’s amazing investment, but shit business wise
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FFP
Nov 14, 2019 13:45:58 GMT
Post by theglove on Nov 14, 2019 13:45:58 GMT
George Orwell?
On the face of it it should benefit the poor but in reality it benefits the rich.
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FFP
Nov 14, 2019 16:36:13 GMT
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Post by crouchpotato1 on Nov 14, 2019 16:36:13 GMT
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Post by kristoff on Nov 14, 2019 16:43:47 GMT
Just seen that. How the fuck did derby get away with it, or are they next?
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FFP
Nov 14, 2019 16:58:03 GMT
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kristoff likes this
Post by crouchpotato1 on Nov 14, 2019 16:58:03 GMT
Just seen that. How the fuck did derby get away with it, or are they next? That’s a very good question mate unless like you say they’re next🤔They are on the verge of major Thai investment apparently also
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Post by kristoff on Nov 14, 2019 17:01:05 GMT
Just seen that. How the fuck did derby get away with it, or are they next? That’s a very good question mate unless like you say they’re next🤔They are on the verge of major Thai investment apparently also Whole FFP rules are stupid. Be far easier using American style cap’s and then a FFP style on top. Just making clubs gamble far too much on getting to the prem as a get out of jail free card the way it is
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FFP
Nov 14, 2019 17:36:58 GMT
Post by leicspotter on Nov 14, 2019 17:36:58 GMT
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Post by chigstoke on Nov 14, 2019 17:59:08 GMT
A 400 point deduction should suffice, if only for Gary Monk.
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Post by terrorofturfmoor on Nov 14, 2019 18:07:13 GMT
Now....if the FA would be so good as to deduct the rest of the division points as well (bar us), so we can manage to get out the bottom 3!!! 👍🏼
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FFP
Nov 14, 2019 18:22:35 GMT
Post by xchpotter on Nov 14, 2019 18:22:35 GMT
What’s the betting that they give them a telling off and put out a warning to the next club that punishment will be more severe in future......and then watch Stoke stumble right into it and get massively punished like no one has been punished before.
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FFP
Nov 14, 2019 18:30:53 GMT
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Post by chigstoke on Nov 14, 2019 18:30:53 GMT
What’s the betting that they give them a telling off and put out a warning to the next club that punishment will be more severe in future......and then watch Stoke stumble right into it and get massively punished like no one has been punished before. It would be the most typical of Stoke situations to happen. No doubting we'd get hit with league expulsion to top everything off.
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