EFL, LCFC and FFP

[Kitchandro]

No I don't feel guilty and I don't think it's bad for football.

 

FFP was always a total joke of an idea. The fact that you would fine football clubs to protect them from financial meltdown is absolutely laughable.

 

There's a lot of meaningless, business related technicalities in football that I couldn't care less about. This is one of those. Let's remember this is a sport, and we got promoted because we were miles better than everyone else on the football pitch.

 

 

[Suzie the Fox]

2 minutes ago, Kitchandro said:

No I don't feel guilty and I don't think it's bad for football.

 

FFP was always a total joke of an idea. The fact that you would fine football clubs to protect them from financial meltdown is absolutely laughable.

 

There's a lot of meaningless, business related technicalities in football that I couldn't care less about. This is one of those. Let's remember this is a sport, and we got promoted because we were miles better than everyone else on the football pitch.

 

 

Go Go Kitch <3 

[Dan LCFC]

8 hours ago, Steve_Walsh5 said:

Anyone on twitter look for @MrSmithInNotts he’s proper losing his shït over this  

A Forest fan arsekissing Derby and actually being wrong to in the process. What an absolute joker. Haven't laughed like that at Twitter in ages.

 

I absolutely agree we deserve some criticism here but how on earth are those two pointing fingers? Any Derby or Forest fan moaning about us will look stupid in time. They've both spent obscene money for that level and haven't even successfully gotten out of it. Forest have had two transfer embargos for **** sake. We'll have the last laugh, as per.

[Babylon]

6 hours ago, Abrasive fox said:

By presenting facts?

 

Any other clubs we'd all lost our shit with this. Pleased as a Leicester fan but it's a joke of a decision.

 

Trestellar was dodgy as ****, fronted by the wonderful and not dodgy at all Dave Richards.

He's not presenting the facts though, certainly not in his tweets. 

 

Saying we lost £21m, £13m more than the £8m allowable losses under FFP is intentially misleading. As a lot of those losses don't even count towards ffp, meaning they are also allowable.

 

Is he telling his followers that the losses included a huge chunk of promotion bonuses (£5-£10m...need to check back on exact figure) that don't get counted for ffp?

 

Or that it includes huge amounts of money spent on the training ground and ground, also not counted towards ffp?

 

Or that is included investment in the youth team going for cat 1 status, and youth team costs.... again that don't count towards ffp?

 

I said from day one, any fine will be fairly small because of the above. The rules laid out the punishment clearly, so I don't understand why anyone would consider it a joke decision.

 

It's a bit lower than I thought it would be, but they basically admitted the rules were stupid by amending them the very next season, so wouldn't be shocked if that's taken into account.

 

Loads of teams have failed ffp and got the punishment that was put in place, just like we have. If the punishments are a bit shit, that's not our fault or problem.

Edited 22 February 2018 by Babylon

[Babylon]

4 hours ago, Ted Maul said:

 the fine citizens of Nottingham, Derby and Leeds aimed in our direction. 

Having lots of fun sending links to them all pointing out they failed ffp themselves. They don't even seem to know they've failed it as well... baffling.

[Stadt]

I'd be more concerned if we did buy our way to promotion but instead we tried that method, it didn't work with fraud players and a fraud manager, so we re-appointed Pearson and signed relatively 'cheap' players whilst cutting our cloth. Only Nugent, Konchesky and Schmeichel contributed significantly to our (Championship) title winning season from the Sven era so the witch hunt is misguided at best but downright mentally fücked at worst. Whilst not under the jurisdiction of the EFL a minor fine is an 'okay' punishment. It stinks to me at least but the entire system in the UK is fùcked so I couldn't give a shit in reality. Shite bollocks wanky championship clubs like Forest can moan but the reality is that even when they're not Fosters they can't get near promotion because they're so concerned with refrigerator magnates that they're happy with 11th place. The truth is we did spend a load of Raksria-porn money but it hindered rather than helped our promotion because it'd be extremely difficult to argue the likes of Mills, Beckford & Danns helped us in the end. Mongy niece shagging bastards can complain but they should look closer to home first before blaming the hit & miss approach to promotion we embarked on

[Ted Maul]

4 hours ago, Babylon said:

Having lots of fun sending links to them all pointing out they failed ffp themselves. They don't even seem to know they've failed it as well... baffling.

Bizarre. I don't think it's the fact we failed FFP, I think it's that we've gone on to be succssful after.

[StriderHiryu]

4 hours ago, Wookie said:

I'd be more concerned if we did buy our way to promotion but instead we tried that method, it didn't work with fraud players and a fraud manager, so we re-appointed Pearson and signed relatively 'cheap' players whilst cutting our cloth. Only Nugent, Konchesky and Schmeichel contributed significantly to our (Championship) title winning season from the Sven era so the witch hunt is misguided at best but downright mentally fücked at worst. Whilst not under the jurisdiction of the EFL a minor fine is an 'okay' punishment. It stinks to me at least but the entire system in the UK is fùcked so I couldn't give a shit in reality. Shite bollocks wanky championship clubs like Forest can moan but the reality is that even when they're not Fosters they can't get near promotion because they're so concerned with refrigerator magnates that they're happy with 11th place. The truth is we did spend a load of Raksria-porn money but it hindered rather than helped our promotion because it'd be extremely difficult to argue the likes of Mills, Beckford & Danns helped us in the end. Mongy niece shagging bastards can complain but they should look closer to home first before blaming the hit & miss approach to promotion we embarked on

Looking back I now think the failure of Sven and his signings was one of the best things that happened to the club. As you say it meant we re-evaluated our strategy to get promotion and build the club, resulting in a better team spirit that has achieved so much. 

[kingcarr21]

1 hour ago, Ted Maul said:

Bizarre. I don't think it's the fact we failed FFP, I think it's that we've gone on to be succssful after.

This is it in a nutshell. They have seen how we have progressed over the last few years and its just jealousy. They jump on the bandwagon of 'they cheated to victory' to make themselves feel better. When arguably their own clubs have probably spent more money than what we did in the Championship.

 

This is just delightful  

[CosbehFox]

1 minute ago, kingcarr21 said:

This is it in a nutshell. They have seen how we have progressed over the last few years and its just jealousy. They jump on the bandwagon of 'they cheated to victory' to make themselves feel better. When arguably their own clubs have probably spent more money than what we did in the Championship.

 

This is just delightful  

And not seen the same criticism of Manchester City

[Sublime_Coatsworth]

I’m loving the salty comments from the 'once-big' Championship sides, who deep-down know how irrelevant they are.

 

The EFL doesn’t let clubs off the hook, their lawyers will push for the most they can reasonably and realistically expect to get, given the 'offence' . 

 

Bottom line is Leicester’s transgressions must have been minor, or else we would have had to pay a hell of a lot more than £3.1m!

[Foxes1]

Pity the EFL don't run FIFA or Silva would have been allowed to play from the start of the season

 

[The whole world smiles]

The moral buck always seems to stop with us when it comes to the media. Its like we are held to a different set of rules to other clubs.

 

Chelsea sack Di Matteo after winning the champions leaugue and Jose after the title and Man City sack Manchini and Pelligrini after premier league wins and no one really batts an eyelid. But all hell breaks out when we sack Claudio (When we are in the relegation zone).

 

English League clubs have gone into administration 42 times since 2000 yet we are the only ones that cheated the system?

 

And now this bollocks, The big clubs barley acknowledge FFP laws exist they do exactly what they want and even smaller clubs like Bournemouth and QPR have had much bigger fines than us. But yet we seem to be the scum of the earth for this.

 

Do I feel guilty about any of the above? maybe a bit but like I say the whole of football has been at it. the whole game is rotten and we are just another rotten cog in a big rotten machine and I'm sick of being held accountable for everything that's wrong with the beautiful game.

Edited 22 February 2018 by The whole world smiles

[sylofox]

16 hours ago, urban.spaceman said:

Bless him.

 

Maybe Forest should get promoted, then they'll have their finances looked at more closely.

Can someone please remind this knob cheese about our over spending. Had we not signed wes they would have gone into administration. Ungrateful tree hugging cvnt.

[MrSpaM]

When you actually look at the rules concerning FFP, we must have not gone that far over to only be paying a 3 million fine, that basically means we only went over it by 3 million, which is the price of one player nowadays

 

When you look at QPR's 40 million FFP fine a few years ago it's really barely anything were having to pay up

 

I'd be very interested to see the state of Wolves outgoings this year

Edited 22 February 2018 by MrSpaM

[Muzzy_no7]

Whats happening to Bournemouth, Brighton, Derby, Forest, QPR and all the others that have breached it?

[Wymsey]

3 minutes ago, Muzzy_no7 said:

Whats happening to Bournemouth, Brighton, Derby, Forest, QPR and all the others that have breached it?

Not sure.

If if was such an issue to the Football League etc, why haven't some authority like HMRC helped out to try and get the money owed by them to the FL for them?

Edited 22 February 2018 by Wymeswold fox

[Daggers]

19 hours ago, Trav Le Bleu said:

So basically, we did nothing wrong, so long as we pay £3.1m?

We did wrong by giving money to the wrong people.

 

If we now give more money to people* who never got their slice of the first tranche then everybody gets money and isn't upset*.

 

*Except Sean Dyche

[Daz93]

People need to realise we paid a settlement amount, we weren't fined.

 

As per the BBC article: http://www.bbc.co.uk/sport/football/43146018

 

We paid a settlement after we argued the toss with the EFL that we only exceeded the allowed loss limit due to costs following promotion. I guess the EFL thought it better to settle, as we had a good case, considering the rules are so shit. It says to me that we could have carried on battling the case and walked away without paying anything (although, I imagine lawyer costs for this could exceed the settlement figure). Aren't QPR in a similar battle, considering their interpretation of the rules?

 

All-in-all, this just goes to show how shit FFP is. The rules and guidelines are unclear at best, and clubs really aren't being penalised for overspending as long as they get promoted (see us, Bournemouth, Wolves when they get promoted). Had Forest got promoted after all their spending, I doubt their fans would be moaning. At least our owners have had a clear vision and executed it tremendously well, to get us into a great financial position (league win/European money aside). 

 

People will enjoy dragging our name through the mud for a while (especially our near, lower-league neighbours) whilst Manchester City go and pump millions of oil money through their club and spend £50m a pop on fullbacks. 

[ealingfox]

Then you've got the likes of Brighton who got up with a cheapish-looking squad but are in £150m+ worth of debt. It's all a load of old bollocks.

[lgfualol]

Wahey 3m to get them off our back. Notts Forest and Derby can suck a big one 

[CosbehFox]

1 hour ago, ealingfox said:

Then you've got the likes of Brighton who got up with a cheapish-looking squad but are in £150m+ worth of debt. It's all a load of old bollocks.

A lot of it stems from xenophobia. Brighton have a British owner so he’s investing in ‘his hometown and boyhood club’. Wigan got off lightly in the David Whelan years. 

[Foxxed]

1 hour ago, Daz93 said:

People need to realise we paid a settlement amount, we weren't fined.

 

As per the BBC article: http://www.bbc.co.uk/sport/football/43146018

 

We paid a settlement after we argued the toss with the EFL that we only exceeded the allowed loss limit due to costs following promotion. I guess the EFL thought it better to settle, as we had a good case, considering the rules are so shit. It says to me that we could have carried on battling the case and walked away without paying anything (although, I imagine lawyer costs for this could exceed the settlement figure). Aren't QPR in a similar battle, considering their interpretation of the rules?

 

All-in-all, this just goes to show how shit FFP is. The rules and guidelines are unclear at best, and clubs really aren't being penalised for overspending as long as they get promoted (see us, Bournemouth, Wolves when they get promoted). Had Forest got promoted after all their spending, I doubt their fans would be moaning. At least our owners have had a clear vision and executed it tremendously well, to get us into a great financial position (league win/European money aside). 

 

People will enjoy dragging our name through the mud for a while (especially our near, lower-league neighbours) whilst Manchester City go and pump millions of oil money through their club and spend £50m a pop on fullbacks. 

That BBC article is better than the old Guardian one. Although the BBC article ignores Tresellar completely.

 

So the argument comes down to we didn't think "promotion costs" and "academy costs" fall under the FFP regulations? I can understand us thinking academy costs are "allowable" but what are promotion costs?

[Dan LCFC]

19 hours ago, JerryLundegaard said:

 

I like the fact that there are financial control rules in place, and I want my club to comply with them, so it is a little disheartening to effectively conclusively be found guilty of flouting them.

 

However you are absolutely correct that, and this is something that goes over the head of over clubs' fans, we would have been better off WITHOUT spending the stupid sums on fees + wages on the Mills's and Beckfords of this world.  We'd actually gone into savings and cost cutting mode when we got the team together that thrust us to promotion.

I do to a degree but as I've gotten older, and more cynical, I've started to think that the rules are in place simply to protect the establishment as it's in the best interests of those at the top to have these clubs as powerful as they can be. Financial Fair Play is a convenient way to control everyone's position / stature, hiding behind the idea that they're saving clubs from doing a Portsmouth.

 

Spending vast sums of money on players is stupid and unless you're right at the top, it isn't the way to go about things. When I see clubs fleecing their fans so they can spend more on poorly thought out transfers it makes me squirm. Clubs can bypass all of this just by scouting a bit better and using their brains.

[Dan LCFC]

For what it's worth, we're nowhere near the worst offenders in all of this. Like I said earlier, 2011/12 we were a joke, but that was one year. Derby for example spending £7mil on Tom Lawrence from us when he's out of contract a year later and has played about 3 games for us ever  and their fans sneer at us, hilarious. I'd say Derby, Forest, Wolves, Sheff Weds and Blackburn were all comfortably worse than us, and I'm absolutely sure there were others. Aston Villa too, surely.