The more I hear about FFP, coupled with the fact that other clubs don't seem to be fearing it one bit, has left me wondering why we're just lying down and taking our fucking without putting up any kind of fight. I suspect we're being taken for a ride.
Quote from: AsTallAsLions on June 01, 2018, 07:37:14 PMThe more I hear about FFP, coupled with the fact that other clubs don't seem to be fearing it one bit, has left me wondering why we're just lying down and taking our fucking without putting up any kind of fight. I suspect we're being taken for a ride.Nobody wants to be a test case.
How much are we in debt?
Quote from: old man villa fan on June 01, 2018, 08:14:20 PMHow much are we in debt?It’s not debt that is the problem, it is the last 2 years of trading losses.The estimations suggest we are carrying £80 million of losses which we have to reduce by producing about £40 million of profits.
As I said in another thread I read somewhere that 12 clubs have already failed ffp in the season just ended. Blues are one. I am guessing Derby might be another. The teams that went up might be others. So why the fcuk and when the fcuk is something going to be happening to them?
Quote from: ChicagoLion on June 01, 2018, 08:52:09 PMQuote from: old man villa fan on June 01, 2018, 08:14:20 PMHow much are we in debt?It’s not debt that is the problem, it is the last 2 years of trading losses.The estimations suggest we are carrying £80 million of losses which we have to reduce by producing about £40 million of profits.Not quite.Our losses over the past two seasons indicate that by the end of next season, if we do nothing, we'll have breached FFP by £40-£50m. So we have to find that much in savings (not profits). If we manage to break even in 18/19 we'll have done it. But given two years ago we lost £14m and next year our parachute payments will be £30m less than they were in that year, breaking even is going to need some pretty fundamental changes - as alluded to in Tone's statement.
The difference in finances between the PL and Championship is killing the game. The more the gap widens, the more the parachute payments become and the more it creates an advantage for the relegated clubs.