Jump to content
Wanderers Ways. Neil Thompson 1961-2021

The Championship And Financial Fair Play


ex_midlandwhite
 Share

Recommended Posts

Does anyone know much about this and how it would effect us?

 

I came across it on a general football forum and must be honest did not realise how penal it was with transfer embargoes and tax levies, for example if it had been in place for QPR's title season they would have had to pay £17m in FFP tax levies.

 

For what it is worth I think it is a good thing and maybe part of the reason Dougie is signing the youngsters and will force us to draw on the investment made in the academy. Another reason why Dougie was a very shrewd appointment by Gartside?

 

A couple of links attached. My conculsion is we need to get promoted before 2014/15 i.e. next season and now not only because of the increased sky contract

 

http://www.financialfairplay.co.uk/resources/wsc0001.pdf

 

http://www.financialfairplay.co.uk/

Link to comment
Share on other sites

Does anyone know much about this and how it would effect us?

 

I came across it on a general football forum and must be honest did not realise how penal it was with transfer embargoes and tax levies, for example if it had been in place for QPR's title season they would have had to pay £17m in FFP tax levies.

 

For what it is worth I think it is a good thing and maybe part of the reason Dougie is signing the youngsters and will force us to draw on the investment made in the academy. Another reason why Dougie was a very shrewd appointment by Gartside?

 

A couple of links attached. My conculsion is we need to get promoted before 2014/15 i.e. next season and now not only because of the increased sky contract

 

http://www.financial...ces/wsc0001.pdf

 

http://www.financialfairplay.co.uk/

 

Who would they have to pay the tax to?

Link to comment
Share on other sites

The other championship clubs that meet the FFP criteria.

 

One for Malcolm -if these rules had applied retrospectively, how many seasons have we made a loss if less than 3m recently?

 

I am certainly interested in FFP, but not back-tracking through club accounts. I am sure that PG has spent time poring over the accounts to ensure that the club has been moving in the right direction, and will be best placed when it needs to be. What would have happened x years ago does not matter because the 'rules' were not then impacting. What is also crucial is ED's attitude towards all this. Does he want to draw a line in the sand? Is he prepared to cover future losses in the way outlined?

Again, I'm sure PG has the answers to these and other consequential questions.

Link to comment
Share on other sites

I think FFP will get blown out of the water by the courts soon anyhow. .

 

I agree, it was mentioned on the radio this morning, and the suggestion was that it wouldn't be ratified. I would have thought if nothing else the "big boys" of European football would ensure this doesn't come in, as it's not really in their interests

Link to comment
Share on other sites

I agree, it was mentioned on the radio this morning, and the suggestion was that it wouldn't be ratified. I would have thought if nothing else the "big boys" of European football would ensure this doesn't come in, as it's not really in their interests

 

Not in their interests? It helps perpetuate the G14 (+4) situation and creates problems for arrivistes.

Link to comment
Share on other sites

Not in their interests? It helps perpetuate the G14 (+4) situation

 

I've not looked into it, clearly, but I just assumed that a large chunk of the G14 were already living well beyond their means, and wouldn't want reigning in.

Link to comment
Share on other sites

I am certainly interested in FFP, but not back-tracking through club accounts. I am sure that PG has spent time poring over the accounts to ensure that the club has been moving in the right direction, and will be best placed when it needs to be. What would have happened x years ago does not matter because the 'rules' were not then impacting. What is also crucial is ED's attitude towards all this. Does he want to draw a line in the sand? Is he prepared to cover future losses in the way outlined?

Again, I'm sure PG has the answers to these and other consequential questions.

 

 

Statted out

 

Hit the stat buffers

Link to comment
Share on other sites

Does anyone know much about this and how it would effect us?

 

I came across it on a general football forum and must be honest did not realise how penal it was with transfer embargoes and tax levies, for example if it had been in place for QPR's title season they would have had to pay £17m in FFP tax levies.

 

For what it is worth I think it is a good thing and maybe part of the reason Dougie is signing the youngsters and will force us to draw on the investment made in the academy. Another reason why Dougie was a very shrewd appointment by Gartside?

 

A couple of links attached. My conculsion is we need to get promoted before 2014/15 i.e. next season and now not only because of the increased sky contract

 

http://www.financial...ces/wsc0001.pdf

 

http://www.financialfairplay.co.uk/

 

£8m a year is quite sufficient for anyone to spunk, one would imagine

Link to comment
Share on other sites

The championship have already agreed to these rules though I thought. With the exception of the tax which requires PL approval as well I think.

 

The court case only relates to the top divisions?

 

That's what I'm afraid of.

 

The big European clubs, who this is aimed at, will lawyer their way out of any problems. And leave the middling clubs to get clobbered.

Edited by Rembrandt
Link to comment
Share on other sites

I suspect that the state of Co-op Bank is a bigger problem for most Football League clubs than these rules.

 

The "holier than thou" Co-op who are fucked like other banks?

Link to comment
Share on other sites

  • 1 year later...

It's a good article in general but it says we're 'very likely' then quotes the debt as a reason which is irrelevant for FFP.

 

Gartside said a month or 2 ago that he's hopeful we can prove we'll be under the £8m loss mark when we report to the league in December and therefore dodge the embargo in January. It will be some cost cutting if we can manage it in the space of 1 year.

 

Something from that article that I didn't know is that even if we do get an embargo we can still sign players on a 1 in 1 out basis as long as the 1 in is on less than 75% of the 1 outs wages. That still gives us some decent scope to work with if we can manage to get one of the higher earners off the wage bill (thinking either centre back or centre mid). It's a big IF though as someone then has to take on their big wages.

Link to comment
Share on other sites

There are 7 "very likely" and 1 "likely" in that list  -  no way would they all get an embargo, otherwise the entire transfer system would grind to a halt. Whilst the FA want to do something, there is no way they'll want the transfer system falling over, especially as this would no doubt reduce monies going into their coffers.

Link to comment
Share on other sites

It looks like the article rates the likelihood based on the losses in the previous accounts  which I think is a pretty fundamental mistake.

 

Our last set of accounts included an £11m impairment write down against our playing squad and I doubt we'd be the only club to take this approach to bring costs forward into 2012/13. So I think that the analysis presents an overly pessimistic view.

 

Costs associated with the recent change in management may put us on the naughty boys list, but as stated above, prior to this Gartside did have confidence that an embargo could be avoided.

 

Think it will be close either way but mandating one in one out isn't a million miles form our self imposed transfer policy in the last window, so it's hardly a disaster.

Link to comment
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

 Share

×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.