Calling H & V accountants. Christian Purslow appears to have unequivocally stated that we are fine by FFP regs. Can I now stop worrying or is this double speak?
Quote from: mike on October 16, 2018, 12:11:39 PMCalling H & V accountants. Christian Purslow appears to have unequivocally stated that we are fine by FFP regs. Can I now stop worrying or is this double speak?He's lost me. I don't know the details of the FFP regs but unless there is something in there about changes in ownership I don't see how we won't be massively over the allowable loss limit by the end of this season.
FFP shouldn't make big clubs the "great unwashed" - Chelsea chairmanAlan Baldwin- Reuters3 MIN READLONDON (Reuters) - Financial fair play rules should not lump big clubs like Chelsea and Manchester City with the ranks of the “great unwashed”, Chelsea chairman Bruce Buck said on Thursday.The American suggested inequality in soccer was not necessarily a bad thing and said the rules now denied other clubs the chance of one day rising like Chelsea to the top of the Premier League.“I personally believe that for the development of football, marquee clubs and marquee players are important,” Buck told the Leaders Sport Business summit at Chelsea’s Stamford Bridge ground.“I am not, as a general proposition, in favour of dumbing down the large clubs in order to make all clubs the great unwashed. They’ve done that in the U.S. over the last 20 years and I think it’s been to the detriment, particularly of baseball.“MLS (Major League Soccer) started with that model of competitive balance...and I just don’t think it works for the long term.”Buck said there were 10 or 12 big clubs in Europe at present and he expected those same ones to be at the top in five or 10 years time.“The dream in England is, if you support a Conference team, that some day you’ll win the Premier League. Financial Fair Play has pluses and minuses, and one of the minuses is that dream is now over.“What Chelsea did in 2003, what Man City did five years later, that’s virtually impossible to do under financial fair play,” he added.Chelsea had won only one English league top tier title, in 1954-55, until Russian billionaire Roman Abramovich bought the club in 2003. They have since won five Premier League championships.Champions Manchester City, now level on points with Chelsea and Liverpool at the top, had not won the league title since 1968 when they were taken over in 2008 by Abu Dhabi United Group.The following year they spent more in the transfer market than any other English club and have since won three Premier League titles.Buck said clubs had to find their “natural position” in the football hierarchy, while also seeking to improve.With the exception of Leicester City in 2016 and Blackburn Rovers in 1995, Manchester United, Chelsea, Manchester City and Arsenal have won every Premier League title since the 1992-93 season.“I don’t think we should assume that because every club is not equal, that therefore it’s bad,” Buck said.European soccer’s governing body UEFA introduced a Financial Fair Play break-even rule in 2011 to stop clubs spending beyond their generated revenue.The policy is designed to prevent rich owners from trying to buy success and distort the transfer market.Teams can be thrown out of European competition for breaching the rules but UEFA has generally negotiated settlements with offending clubs.------------------------------------------------------------------------------That's all you need to know about FFP for the big clubs isn't it? What an utter twat.
Didn't Purslow also say he was on the committee that devised FFP? If so, surely he will know it like the back of his hand and can navigate round it just fine?
How can the club possibly ‘plan’ based on the sale of Grealish, that just makes no sense whatsoever and makes all kinds of assumptions about, fitness, injury, form and most importantly, someone willing to pay the release clause.
How can the club possibly plan based on the sale of Grealish, that just makes no sense whatsoever and makes all kinds of assumptions about, fitness, injury, form and most importantly, someone willing to pay the release clause.