MrSpaM Posted 14 April 2014 Posted 14 April 2014 We all know about Football Fair Play and the fines imposed on teams for over spending. Just wondering what peoples thoughts are on how much we may get fined at the end of the season? Not sure of the actual figures involved, but surely we are going to be slightly over the threshold even though we have cut down wages considerably?
wattolcfc Posted 14 April 2014 Posted 14 April 2014 Nothing. Big Suze stated we were on track to be within FFP earlier in the season.
BigWesMorgan Posted 14 April 2014 Posted 14 April 2014 Probably nothing because we've barely spend anything
foxfanazer Posted 14 April 2014 Posted 14 April 2014 Well you can't know that much as it's called financial fair play :
Hungry Hungry Fox Posted 14 April 2014 Posted 14 April 2014 Not sure why we wouldn't be within the allowed threshold
The Doctor Posted 14 April 2014 Posted 14 April 2014 I believe we've met it for this season with the cost cutting measures (certainly that's the noises being made by the club - the press still think we're spending Sven money and splashing out big time on players and wages, they've well behind the times) so nadda, but there's a general fine set up for past £8m: http://www2.warwick.ac.uk/fac/soc/law/elj/eslj/issues/volume10/geey/geey.pdf Percentage of the Excess Excess Calculation (rounded up) 1% of the Excess between £1 and £100,000 £1,000 20% of the Excess between £100,001 and £500,000 A maximum of £80,000 40% of the Excess between £500,001 and £1,000,000 A maximum of £200,000 60% of the Excess between £1,000,001 and £5,000,000 A maximum of £2.4m 80% of the Excess between £5,000,001 and £10,000,000 A maximum of £4m 100% of the Excess over £10,000,000. No Maximum
johnny the fox Posted 14 April 2014 Posted 14 April 2014 its chicken feed for us now.. we are wedged big time.. lets leave them a tip as well.
LanguedocFox Posted 14 April 2014 Posted 14 April 2014 I don't think we will have much to worry about - maybe a couple of mill (he said, smugly) but Florist and (probably) QPR are going to be in deep doo-doo.
MrSpaM Posted 14 April 2014 Author Posted 14 April 2014 Well you can't know that much as it's called financial fair play : Balls
jammie82uk Posted 14 April 2014 Posted 14 April 2014 We could have a little payday if we do comply with it "As explained all fine proceeds will be distributed equally amongst FFP compliant clubs"
chuck'em Posted 14 April 2014 Posted 14 April 2014 We could have a little payday if we do comply with it "As explained all fine proceeds will be distributed equally amongst FFP compliant clubs" If I remember correctly this got changed and the money now goes to charity.
FoxesAreBlue Posted 14 April 2014 Posted 14 April 2014 Well you can't know that much as it's called financial fair play : Even tho I know that I still read "FFP" as FIFA Fair Play
The Doctor Posted 14 April 2014 Posted 14 April 2014 Even tho I know that I still read "FFP" as FIFA Fair Play You mean it doesn't stand for fvck forest please?
Benji Posted 14 April 2014 Posted 14 April 2014 its chicken feed for us now.. we are wedged big time.. lets leave them a tip as well. That would be kind - I think it goes to charity.
Danizen Posted 14 April 2014 Posted 14 April 2014 How much will QPR pay if they win the play-offs? It's a lot, isn't it?
Foxes Blue Blood Posted 14 April 2014 Posted 14 April 2014 I don't think we will have much to worry about - maybe a couple of mill (he said, smugly) but Florist and (probably) QPR are going to be in deep doo-doo. Only the three teams that get promotion will be fined/taxed if they fail FFP, this will go to charity, any other team failing FFP will have a transfer embargo placed on them starting 1/1/2015 this will continue until they can show they are on track with acceptable losses. (or obviously a profit)
Alexikokopops Posted 14 April 2014 Posted 14 April 2014 How much will QPR pay if they win the play-offs? It's a lot, isn't it? If they made the same loss as last year (£65.4 million) it would be a fine of about £63 million
BoyJones Posted 15 April 2014 Posted 15 April 2014 If they fight it a decent lawyer will get them off - FFP contravenes just about law / spirit of the EU, including restaint of trade / human right to spend money to succeed in business / life. If somebody, not legally convened said you can't spend more than £10 per night on drink, because you can't hold your liquor would you accept it! In my opinion a poorly thought out set of rules forced on clubs. Penalising everyone for a couple of idiot clubs.
Fridge lcfc Posted 15 April 2014 Posted 15 April 2014 I can't see how clubs can get away with it by going to courts because surely all the 24 clubs in the championship signed the ffp rules and regulations at the start of the season saying that they will adhere to the rules or face penalties. This document should throw out all appeals against it as the club opposing it will have their signature on the original document.
sylofox Posted 15 April 2014 Posted 15 April 2014 I can't see how clubs can get away with it by going to courts because surely all the 24 clubs in the championship signed the ffp rules and regulations at the start of the season saying that they will adhere to the rules or face penalties. This document should throw out all appeals against it as the club opposing it will have their signature on the original document. I think you will also find a little rule that states no member club can take the league to court over rules. And as every club has to reapply for membership every season they can refuse the application.
The Doctor Posted 19 April 2014 Posted 19 April 2014 If they made the same loss as last year (£65.4 million) it would be a fine of about £63 million Yep, 62 million & 81 thousand if they make that loss. Pretty much wipes any money from going up.
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