S HQ it depends what problem they were trying to solve.The unintended consequences ( or some believe intended) is to create an untouchable elite whilst still not protecting clubs from gross Financial Missmanagement.There were a number of ways they could have stopped the Pompey situation and I do not think this is what they had in mind with FFP.Just making Financial Reporting more transparent and using and monitoring Financial Covenants for example.They have chosen a very limited and easily abused method.
Quote from: ChicagoLion on March 20, 2018, 08:54:22 PMS HQ it depends what problem they were trying to solve.The unintended consequences ( or some believe intended) is to create an untouchable elite whilst still not protecting clubs from gross Financial Missmanagement.There were a number of ways they could have stopped the Pompey situation and I do not think this is what they had in mind with FFP.Just making Financial Reporting more transparent and using and monitoring Financial Covenants for example.They have chosen a very limited and easily abused method.As with anything clubs will always find ways around any rules. Manchester clubs getting their training grounds sponsored for huge amounts for example.
Wyness was interesting about this tonight. It seems we are confident of forcing through a fudge allowing bigger losses so it won't be so bad if we stop down.
Quote from: cheltenhamlion on March 20, 2018, 10:54:53 PMWyness was interesting about this tonight. It seems we are confident of forcing through a fudge allowing bigger losses so it won't be so bad if we stop down.ah that's what i like to see. creative accounting
Quote from: sickbeggar on March 21, 2018, 02:47:26 AMQuote from: cheltenhamlion on March 20, 2018, 10:54:53 PMWyness was interesting about this tonight. It seems we are confident of forcing through a fudge allowing bigger losses so it won't be so bad if we stop down.ah that's what i like to see. creative accounting He can say that of course but realistically?
Quote from: ChicagoLion on March 21, 2018, 03:06:11 AMQuote from: sickbeggar on March 21, 2018, 02:47:26 AMQuote from: cheltenhamlion on March 20, 2018, 10:54:53 PMWyness was interesting about this tonight. It seems we are confident of forcing through a fudge allowing bigger losses so it won't be so bad if we stop down.ah that's what i like to see. creative accounting He can say that of course but realistically?Maybe, but it's my straw and i'm clutching it . The whole FFP thing seems to be about slamming the door on the likes of Man City joining the elite , 10 minutes after they're already sitting at the trough, so i'm not a fan especially as we could have been there instead of them.. As others have mentioned, no-one wants a club going out of business, but if you're well run, have the money to run at a loss and make a SERIOUS attempt to cut debt as we have then i don't see the fair play aspect. Some clubs have always been richer than others since the year dot and it was never always about how many people came through the turnstile.
Quote from: cheltenhamlion on March 20, 2018, 04:57:29 PMI intend to push Wyness about the realities of FFP next season at the Trust AGM tonight.Be interesting to hear what response you get Chelts.
I intend to push Wyness about the realities of FFP next season at the Trust AGM tonight.