Financial Fair Play is a farce?

[StevieH]

Seems LCFC are a victim of FFP and now have to tighten their strings when the bigger clubs seem to be able to do what they like?

[Nalis]

Financial Fair Play should read Financial Cartel Play, been that way for years and the new UEFA rules will tighten the cartel's grip even further.

 

As I said in another thread, I worry about what football will look like in 10, 20, 30 years time.

Edited 2 September 2022 by Nalis

[Saxondale]

Yep, since Man City won their appeal, it’s seems to have been open season for some clubs.

[Finnegan]

I made the point quite a few times that none of us should be smirking at Man City getting pegged for FFP. 

 

I don't like the obscene amount of money they spend or how their owners get it, I'd love to see a flat blanket salary cap across the league that stops rampant over spending. 

 

But FFP scaled in the way it is has never been fair and has always been set up to keep the richest clubs rich and stop anyone else closing the gap. It's an awful system. 

[st albans fox]

2 minutes ago, StevieH said:

Seems LCFC are a victim of FFP and now have to tighten their strings when the bigger clubs seem to be able to do what they like?

it’s designed to stop clubs going bust by spending way more than their income 

 

but it’s main side effect is to perpetuate the status quo 

 

will be interesting to see how long it takes newcastle to gain enough traction to compete consistently 

 

As it happens, if FFP didn’t exist then I reckon we could be in a worse position because lots of our competitors below the rich six would be outspending us every season as they have wealthier owners.   And despite the obscene amounts the rich six are spending now, they could go even higher in taking absolutely every player they fancied. 

 

 

 

 

[Phil Bowman]

7 minutes ago, StevieH said:

Seems LCFC are a victim of FFP and now have to tighten their strings when the bigger clubs seem to be able to do what they like?

Yeah, but that is the whole point of FFP - to let the richest clubs keep on spending billions while making it harder for other clubs to even start to compete. They could have called it Pulling Up The Ladder, but that might have made it all too obvious.

[Le Renard]

Yes it does protect the so called bigger clubs, but as Leicester supporters we've already been the victim of financial mismanagement, I don't want our club to go down that route.  So in someways it will help to protect smaller clubs being bought by wealthy owners, who use them as their plaything and then offload the debt onto the club.  Look at our neighbours spending like it is going out of fashion, who will eventually pick up the tab for that?   Why should our owners keep chucking money at something, it is OK when the money is not yours or mine, us fans are fickle and we want the club to spend spend spend, but there has to be a day of reckoning somewhere down the line...... Derby, Stoke, Leicester, Portsmouth, Bolton, Leeds, Coventry, Wigan, Sunderland....AD continuum

[Phil Bowman]

8 minutes ago, st albans fox said:

it’s designed to stop clubs going bust by spending way more than their income 

 

but it’s main side effect is to perpetuate the status quo

I’d argue these are the other way around. It’s designed to perpetuate the status quo, and its main side effect is to stop clubs going bust…

[davieG]

“We don’t want too many Leicester Citys,” an anonymous executive at a ‘big 6’ club told The Independent in their investigation into the future of football

[Cincinnati Fox]

I don’t like FFP but our wage bill to income was over 100 % 

that’s insane and should never be allowed to happen. Yes the owners could bail us out if no FFP (maybe not now) but as a principal you can’t operate a business we’re wages alone are above turnover 

[mancunianfox]

FFP doesn't even really protect clubs that much, just encourages them to go down the path of even more stupid and dangerous accounting.

[Phil Bowman]

4 minutes ago, davieG said:

“We don’t want too many Leicester Citys,” an anonymous executive at a ‘big 6’ club told The Independent in their investigation into the future of football

This. They created the Premier League to stop anyone challenging their dominance; we went and did it anyway so they’ve realised they have to really make sure.

[st albans fox]

6 minutes ago, Phil Bowman said:

I’d argue these are the other way around. It’s designed to perpetuate the status quo, and its main side effect is to stop clubs going bust…

Who knows how it actually started but I recall it gained traction after some clubs got into big financial problems …

[Staffs Fox]

To answer your immediate question; yes it well and truly is a complete farce. 
 

However I do not think it is entirely to blame for our board tightening the purse strings. We are known for being a well run club, with an owner that actually cares and that is all I see here. A recession is here and christ knows how long it’ll last for. The cost of living is sky rocketing and we are in the biggest period of uncertainty with a post Brexit world and with a war raging not too far away. To think that football will be exempt from the repercussions all of these factors is foolish. 
Clubs can go spending hundreds of millions they don’t have chasing the dream if they want but when the bills come to be paid, who knows what the situation will be.

 

Dont get me wrong, I wanted a big summer rebuild but it hasn’t happened and we move on. The talent in the squad is way better than we’re showing and whilst it’ll be a rough season I don’t think for one minute if applied correctly our squad will go down 

[StanSP]

Skewed ridiculously in favour of the bigger richer clubs.

 

Glass ceiling therefore gets further and further away. 

 

The hierarchy and authorities absolutely despised us in 2016. 

[stourbridgefox]

If our stadium is expanded to 45000, that would make it 8th biggest in the PL this year. Off the top of my head, we currently have the 12th biggest ground.

 

My point is that it shows the gulf between where we actually stand and where fans expectations are.

 

The owners have a plan to increase our revenue stream so we can compete with the Big Six: the development alongside the ground is part of this.

 

Is it actually possible to close the gap between where we are and where we want to be? This requires increasing revenue from foreign shirt sales and TV money to the level of Manchester City, for example. 

 

The owners plan will take decades: do Leicester fans have the patience to wait that long before turning on Top?

[Desabafar]

do the financial rules say that income has to be from football

i guess not…cos other teams have hotels and events they make money off..and our own stadium plan is for hotel and arena to add income?

 

why then do football clubs not ever buy cash-generating profitable business to help the bottom line? like lcfc has the turf academy..make it turf services and sell them around the world..or use king power retail expertise to run retail businesses but the income goes to club..or buy profitable businesses to keep them as they are

[fox_up_north]

I'd say introduce a salary cap but I am feeling very cynical this morning and think the big clubs, with their accounts, would still find ways to pay Ronaldo/ Neymar/ Salah £500k per week and have it look like £50k per week

[Finn Claw II]

We have a big squad - too big without European football, pay too high wages (especially on mediocre players) and haven’t actually signed that many good players in the last fee windows.

 

While we can blame FFP, we should also look a little closer to home.

[ronnup]

Doesn't change the fact we've got a squad full of players that aren't good enough, only ourselves to blame 

Edited 2 September 2022 by ronnup

[Guest David Oldfields Gate]

It is a cartel and we ain't in it.

[SamGLCFC]

Chelsea have spent 300m this season with limited sales? FFP just isn't real

[fox in the sox]

2 minutes ago, ronnup said:

Doesn't change the fact we've got a squad full of players that aren't good enough, only ourselves to blame 

Some of the recent signings are not looking good but it’s not a squad full of players that are not good enough because a lot of them have shown in the past they are capable of doing well at this level.

[foxinsocks]

4 minutes ago, ronnup said:

Doesn't change the fact we've got a squad full of players that aren't good enough, only ourselves to blame 

We have some very good players... playing in duff positions and with duff tactics.  We also have players that need good coaching.   We can do so much better with these players 

We do have players on wages so high that we cant move them on... and a manager who abandons some players leaving them on the payroll.... but to no benefit to any of us

 

[Fox92]

Just for the big clubs to keep them at the top.

 

That's why it'll be shocking for the league if we went down. We got into the top 4, won the league, and have since done nearly everything right to become a top 6 team.

If we went down I just have this feeling that Sky will look at it as "and that's what happens for gatecrashing".