Oadby Fox Posted 15 October 2013 Posted 15 October 2013 By the 2015-16 season, losses at a Championship club can be no more than £5m, with a maximum of £3m funded by shareholders and clubs "Clubs like ourselves (Blackburn) and the Leicester's, and probably clubs like Middlesbrough, who have got big wage bills, won't be wanting transfer embargoes. http://www.bbc.co.uk/sport/0/football/24533649 Fair play to Nigel Pearson for trying to reduce the wage bill and moving on the high earners and still maintaining a good squad under this financial pressure. Will we be hit for not adhering to Financial Fair Play?
Scoobyrob Posted 15 October 2013 Posted 15 October 2013 Does that mean 5 mil debt after we have put 3 mil directors loans in? Or in other words an overall debt of 8 reduced to 5 or 5 reduced to 2?????
Oadby Fox Posted 15 October 2013 Author Posted 15 October 2013 Does that mean 5 mil debt after we have put 3 mil directors loans in? Or in other words an overall debt of 8 reduced to 5 or 5 reduced to 2????? Overall debt of £8mil I think!
Les-TA-Jon Posted 15 October 2013 Posted 15 October 2013 Shaw's not going to get much sympathy there though is he? "oh it's so tough for teams like us that had been in the PL for 10 years+ and now have parachute payments waa waa"
foxer Posted 15 October 2013 Posted 15 October 2013 Are we really in that bad a situation compared to other clubs? We're always mentioned in articles like this as though we're still spending a shed load of money but as far as I knew we've reduced the wage bill an awful lot and shouldn't be up there with the big spenders any more.
Dan Posted 15 October 2013 Posted 15 October 2013 Blackburn are an absolute shambles. How on earth the Venkys remain in charge of that club is beyond me.
MooseBreath Posted 15 October 2013 Posted 15 October 2013 Are we really in that bad a situation compared to other clubs? We're always mentioned in articles like this as though we're still spending a shed load of money but as far as I knew we've reduced the wage bill an awful lot and shouldn't be up there with the big spenders any more. Absolutely, the fact that Shaw has mentioned us is quite frankly an insult to the superb work that has been done to turn this club around from the moment Sven was sacked. I wouldn't be at all surprised if we're now one of the lowest spenders relative to turnover in the division.
5waller5 Posted 15 October 2013 Posted 15 October 2013 I'll go on record with my opinion now .... and you can quote me on it in two years time .... FFP will not be around in it's current form and only the really ridiculously extreme examples will be punished .... we won't even be near to being punished. It's all been a massive waste of time.
LCCFox96 Posted 15 October 2013 Posted 15 October 2013 I honestly can't believe that to be us. Annoys me how the media seem to make our FFP situation much worse than other clubs. We have a small squad with a handful of big-ish earners left (looks like SSL will be going soon too so 1 more down and I pray Gally follows him). Other clubs like QPR, forest, Blackburn and Bolton have much bigger squads and have bought players on big wages and transfer fees. We on the other hand must of spent about £500,000 tops on Deano and thats it. We also get bigger or equal attendences and have bigger or equal fan bases. How can we possibly still be 'big spending Leicester' in financial trouble?
LCCFox96 Posted 15 October 2013 Posted 15 October 2013 I'll go on record with my opinion now .... and you can quote me on it in two years time .... FFP will not be around in it's current form and only the really ridiculously extreme examples will be punished .... we won't even be near to being punished. It's all been a massive waste of time. I'll quote you now as I completely agree with this. Designed to save clubs in Portsmouth's situation - only nobody is in a liquidation face off so it changes nothing. There can't be a club around who isn't getting a £5mil loss on wages alone regardless. Stupid rule and widens the gap between PL and teams like us.
Buggsteam Posted 15 October 2013 Posted 15 October 2013 I'll go on record with my opinion now .... and you can quote me on it in two years time .... FFP will not be around in it's current form and only the really ridiculously extreme examples will be punished .... we won't even be near to being punished. It's all been a massive waste of time. Agree with this. Can't see how FFP will come in. If a club is in debt then it's pointless hitting them with a fine to put them in even more debt. If a club has a loss of more then 8 mill and get fined. Chances are they will not get that debt reduced by the following season so will they be fined again adding more and more debt to the club. All FFP is going to do is make the rich clubs or clubs with parachute payments better of and small clubs never being able to compete and increase a bigger gap between the prem and championship. I think something will come in but it won't be FFP. They need to go back to the drawing board and re look at it.
MooseBreath Posted 15 October 2013 Posted 15 October 2013 No fines for championship clubs... The punishment is a transfer embargo. It's not a case of the FFP coming in - it's already here.
Guest Bilo Posted 15 October 2013 Posted 15 October 2013 Blackburn are an absolute shambles. How on earth the Venkys remain in charge of that club is beyond me. They'd sell in a heartbeat.
5waller5 Posted 15 October 2013 Posted 15 October 2013 No fines for championship clubs... The punishment is a transfer embargo. It's not a case of the FFP coming in - it's already here. It won't get enforced in it's current form .... It'll be so watered down you won't recognise it by the time the punishments are dished out.
Buggsteam Posted 15 October 2013 Posted 15 October 2013 No fines for championship clubs... The punishment is a transfer embargo. It's not a case of the FFP coming in - it's already here. If there's no fines then it pays to take the gamble.
Buggsteam Posted 15 October 2013 Posted 15 October 2013 Isn't that solicitor guy who won the Bosman case looking into it as unfair?
Jace Posted 15 October 2013 Posted 15 October 2013 I'll go on record with my opinion now .... and you can quote me on it in two years time .... FFP will not be around in it's current form and only the really ridiculously extreme examples will be punished .... we won't even be near to being punished. It's all been a massive waste of time. Completely agree with you it's a complete load of shit that hasn't been planned out properly, breaks EU competition law and isn't legal in its current format waste of time
john ridley Posted 15 October 2013 Posted 15 October 2013 But wont all our big earners be gone by then anyway ?
Jace Posted 15 October 2013 Posted 15 October 2013 But wont all our big earners be gone by then anyway ? Hopefully then we can have a sustainable business structure again
MooseBreath Posted 15 October 2013 Posted 15 October 2013 If there's no fines then it pays to take the gamble. If you get promoted then you get fined, but by then it doesn't matter so much, so yes it could well pay to take the gamble.
MooseBreath Posted 15 October 2013 Posted 15 October 2013 It won't get enforced in it's current form .... It'll be so watered down you won't recognise it by the time the punishments are dished out. Maybe. I know there's a legal case against it, but if that fails, I'm not sure what's going to happen to stop the punishments from going ahead. Intact I'd say that now clubs have agreed to it, the punishments will have to go ahead as currently planned. I think there's a good chance it will change a lot over the next few years though.
Swiss_tony Posted 15 October 2013 Posted 15 October 2013 Blackburn are an absolute shambles. How on earth the Venkys remain in charge of that club is beyond me. Probably because they are the owners and there's nobody to fire them. just a guess.
Swiss_tony Posted 15 October 2013 Posted 15 October 2013 Completely agree with you it's a complete load of shit that hasn't been planned out properly, breaks EU competition law and isn't legal in its current format waste of time you can guarantee this 100%, that when it comes into effect in the top divisions across europe (and they all have different rules), not one single big club will get punished. it'll be piddly little clubs that can't fight back.
Dan Posted 16 October 2013 Posted 16 October 2013 Absolutely, the fact that Shaw has mentioned us is quite frankly an insult to the superb work that has been done to turn this club around from the moment Sven was sacked. I wouldn't be at all surprised if we're now one of the lowest spenders relative to turnover in the division. Yet they ignore Forest who are completely ignoring FFP. Typical headline believing moron this bloke.
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