collapse collapse

Please donate to help keep this site going.

The Fanzine

Heroes & Villains Fanzine

Get your fix of all things Claret & Blue by subscribing to the online version!

* H&V Best Of

Follow us on...

Author Topic: Financial fair play  (Read 106693 times)

Offline Ads

  • Member
  • *
  • Posts: 26939
  • Location: Welcome to Trasimene
  • GM : 26.03.2020
Re: Financial fair play
« Reply #975 on: May 30, 2019, 11:59:57 PM »
The limit was £61m, not £39m.

Offline PeterWithesShin

  • Moderator
  • Member
  • *
  • Posts: 54239
  • Location: B16
  • GM : 17.03.2015
Re: Financial fair play
« Reply #976 on: May 30, 2019, 11:59:59 PM »
http://www.financialfairplay.co.uk/financial-fair-play-explained.php

relevant bits about punishments

Quote
Crucially, this harmonisation of the rules comes with the blessing of the Premier League - so we shouldn’t see any repeat of the stand-offs that arose (and are still ongoing) with QPR and Leicester. Previously, the Premier League bosses refused to help the Football League collect the ‘Fair Play Tax’ fines for clubs that overspent but won promotion – this lack of support significantly undermined the Football League and severely impacted on the effectiveness of the Football League punishments.

Quote
Any punishment for breach of the rules will be determined by an independent panel (the ‘Fair Play Panel’).

But what are the potential punishments? Previously the Football League has only been able to either; fine promoted clubs (a fine the Premier League didn’t help them collect), or impose a transfer embargo for historic overspending (which always like a stable-door/horse scenario). With this change, a wide range of punishments are now available. Nothing is off the table; the Football League are now able to impose a points deduction during the current season, or demote a club from an automatic promotion position into the play-offs (or out of the play-offs altogether). Transfer embargoes are also available (with the earliest one potentially applying during the Summer 2017 Transfer window.

Offline Toronto Villa

  • Member
  • *
  • Posts: 38817
  • Age: 46
  • Location: Toronto, Canada
  • GM : 22.01.2020
Re: Financial fair play
« Reply #977 on: May 31, 2019, 12:00:31 AM »
I’ll brick it when Purslow does. And nothing suggests to me he is concerned. Not saying we will lash out £200m on new players but from everything he’s said since promotion they are taking a very measured approach to the new financial reality at the club.

Offline AsTallAsLions

  • Member
  • Posts: 6482
  • Location: Everywhere
Re: Financial fair play
« Reply #978 on: May 31, 2019, 12:05:18 AM »
We've been trying to cooperate, unlike other clubs, for the last couple of seasons. I'd say we'll be fine.

Offline Ads

  • Member
  • *
  • Posts: 26939
  • Location: Welcome to Trasimene
  • GM : 26.03.2020
Re: Financial fair play
« Reply #979 on: May 31, 2019, 12:09:49 AM »
Article appears to suggest that somebody such as Gibson is having a cry on the chance that we have breached FFP.

We say we haven't.

Balance is the EFL talking to the PL back, as PL do not appear to give a good fuck (shock).

How can we be under an embargo when we're not in their remit or when you cant register players for a few more days, I have no idea.

Offline danno

  • Member
  • Posts: 1327
  • Location: Super Tamworth
Re: Financial fair play
« Reply #980 on: May 31, 2019, 12:17:56 AM »
The limit was £61m, not £39m.

As I understand it, it's allowable losses over a three year period.
£35 million per year in the premiership, £13 million per year in the Championship.

So allowable losses for a relegated team would be:
£83 million in the first year ( 2 premier seasons + 1 championship)
then £61 million  ( 1 premier season + 2 championship)
then £39 million ( 3 championship seasons)

So for us last year our limit was £61 million.  Whereas Birmingham's limit has always been £39 million as they've not been in the premier league since err... 2011 ?!?

Offline Ads

  • Member
  • *
  • Posts: 26939
  • Location: Welcome to Trasimene
  • GM : 26.03.2020
Re: Financial fair play
« Reply #981 on: May 31, 2019, 12:24:10 AM »
Your report financial year to year though, so we would be reporting on whatever our losses are post filing of annual returns until next February/March. It's just estimates until then, so the hard limit ought to be £61m as of now and £39m for the estimate. We've been regularly engaging with the EFL and surely now we can increase our estimate to include a minimum £93m additional income.

Offline danno

  • Member
  • Posts: 1327
  • Location: Super Tamworth
Re: Financial fair play
« Reply #982 on: May 31, 2019, 12:29:45 AM »
I tend to agree with the opinion that it's probably just Steve Gibson screaming at clouds.

Spoiler for Hiden:
of smog obviously

Offline eamonn

  • Member
  • *
  • Posts: 19273
  • Location: Highgate
  • GM : 26.07.2020
Re: Financial fair play
« Reply #983 on: May 31, 2019, 01:29:01 AM »
Is any other news outlet reporting us being under a soft transfer embargo? If it's true, I'd be a bit miffed at Purslow's consistent "we are fine" mantra.

Offline Newby

  • Member
  • *
  • Posts: 6437
  • Location: Down south now. Born in Aston.
  • GM : 01.12.2019
Re: Financial fair play
« Reply #984 on: May 31, 2019, 04:32:38 AM »
Just read that Purslow and Xia are no longer Directors. Reshuffle on May 15th as part of the NWSE thing.

Offline mr underhill

  • Member
  • Posts: 7435
Re: Financial fair play
« Reply #985 on: May 31, 2019, 06:55:36 AM »
Hopefully this is just more of Gibbo's sour grapery - I thought any attempt to 'investigate' us had been thwarted at the recent League meeting at Forest. If not, the hierarchy are going to want to revise 'the sky's the limit' statement.

Offline KRS

  • Member
  • Posts: 5416
Re: Financial fair play
« Reply #986 on: May 31, 2019, 07:03:16 AM »
I wouldn’t worry about this unless there is a definitive statement from the club. At the moment this is just panic from a single media source with no quotes from any sources, and our management have clearly stated and can be quoted as saying that there are no issues at this stage. Let’s see how this pans out over the next few weeks before we all start questioning and panicking.

Offline Ad@m

  • Member
  • *
  • Posts: 7966
  • GM : 01.02.2020
Re: Financial fair play
« Reply #987 on: May 31, 2019, 07:11:00 AM »
Why the fuck is their AGM in Portugal?!

My thoughts exactly.

Flying the board of the football league out to Portugal for a fucking meeting hardly gives them the moral high ground on financial prudence!

Offline Ads

  • Member
  • *
  • Posts: 26939
  • Location: Welcome to Trasimene
  • GM : 26.03.2020
Re: Financial fair play
« Reply #988 on: May 31, 2019, 07:11:06 AM »
Just read that Purslow and Xia are no longer Directors. Reshuffle on May 15th as part of the NWSE thing.

Where have you read that?

Edit: that's the NWSE Stadium Ltd subsidiary.
« Last Edit: May 31, 2019, 07:15:54 AM by Ads »

Offline Newby

  • Member
  • *
  • Posts: 6437
  • Location: Down south now. Born in Aston.
  • GM : 01.12.2019
Re: Financial fair play
« Reply #989 on: May 31, 2019, 07:17:09 AM »
Just read that Purslow and Xia are no longer Directors. Reshuffle on May 15th as part of the NWSE thing.

Where have you read that?

Edit: that's the NWSE Stadium Ltd subsidiary.

Newsnow headlines mate.