ex_midlandwhite Posted May 15, 2013 Share Posted May 15, 2013 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/ Quote Link to comment Share on other sites More sharing options...
exiledwhite2 Posted May 15, 2013 Share Posted May 15, 2013 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? Quote Link to comment Share on other sites More sharing options...
ex_midlandwhite Posted May 15, 2013 Author Share Posted May 15, 2013 Who would they have to pay the tax to? 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? Quote Link to comment Share on other sites More sharing options...
MalcolmW Posted May 15, 2013 Share Posted May 15, 2013 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. Quote Link to comment Share on other sites More sharing options...
tomski Posted May 15, 2013 Share Posted May 15, 2013 (edited) I think FFP will get blown out of the water by the courts soon anyhow. We should try and prepare for them anyway. Edited May 15, 2013 by tomski Quote Link to comment Share on other sites More sharing options...
Sweep Posted May 15, 2013 Share Posted May 15, 2013 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 Quote Link to comment Share on other sites More sharing options...
MalcolmW Posted May 15, 2013 Share Posted May 15, 2013 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. Quote Link to comment Share on other sites More sharing options...
Sweep Posted May 15, 2013 Share Posted May 15, 2013 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. Quote Link to comment Share on other sites More sharing options...
tomski Posted May 15, 2013 Share Posted May 15, 2013 Football won't turn down the riches coming it's way regardless of the G14 theory (which your right Malcolm) but I believe the more money thrown in and G14's greed will soon overcome this. Quote Link to comment Share on other sites More sharing options...
Traf Posted May 15, 2013 Share Posted May 15, 2013 I've not looked into it, clearly, You're just playing at it. #amateur Quote Link to comment Share on other sites More sharing options...
ex_midlandwhite Posted May 15, 2013 Author Share Posted May 15, 2013 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? Quote Link to comment Share on other sites More sharing options...
Sweep Posted May 15, 2013 Share Posted May 15, 2013 You're just playing at it. #amateur I know, to be fair, I'm not that fucking interested Quote Link to comment Share on other sites More sharing options...
Guest Posted May 15, 2013 Share Posted May 15, 2013 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 Quote Link to comment Share on other sites More sharing options...
Guest Posted May 15, 2013 Share Posted May 15, 2013 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 Quote Link to comment Share on other sites More sharing options...
Rembrandt Posted May 15, 2013 Share Posted May 15, 2013 (edited) 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 May 15, 2013 by Rembrandt Quote Link to comment Share on other sites More sharing options...
MalcolmW Posted May 15, 2013 Share Posted May 15, 2013 I suspect that the state of Co-op Bank is a bigger problem for most Football League clubs than these rules. Quote Link to comment Share on other sites More sharing options...
DirtySanchez Posted May 15, 2013 Share Posted May 15, 2013 I think FFP will get blown out of the water by the courts soon anyhow. We should try and prepare for them anyway. Think it said the same lawyer who brought about the Bosman rule is behind bringing such a case to the courts Quote Link to comment Share on other sites More sharing options...
jayjayoghani Posted May 16, 2013 Share Posted May 16, 2013 Think it said the same lawyer who brought about the Bosman rule is behind bringing such a case to the courts aye http://www.independent.co.uk/sport/football/news-and-comment/uefas-financial-fair-play-rules-face-test-from-the-bosman-lawyer-8605315.html Quote Link to comment Share on other sites More sharing options...
Guest Posted May 16, 2013 Share Posted May 16, 2013 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? Quote Link to comment Share on other sites More sharing options...
Members burnden Posted November 2, 2014 Members Share Posted November 2, 2014 http://www.financialfairplay.co.uk/latest-news.php Quote Link to comment Share on other sites More sharing options...
Smiffs Posted November 2, 2014 Share Posted November 2, 2014 It's one of gartsides favorite excuses for a few years now. Quote Link to comment Share on other sites More sharing options...
Eddie Posted November 2, 2014 Share Posted November 2, 2014 http://www.financialfairplay.co.uk/latest-news.php 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. Quote Link to comment Share on other sites More sharing options...
Sweep Posted November 2, 2014 Share Posted November 2, 2014 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. Quote Link to comment Share on other sites More sharing options...
Guest Posted November 2, 2014 Share Posted November 2, 2014 I'd be astonished if we have a transfer embargo Ed'll fix it Quote Link to comment Share on other sites More sharing options...
RoadRunnerFan Posted November 2, 2014 Share Posted November 2, 2014 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. Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.