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Author Topic: Financial fair play  (Read 111252 times)

Offline PeterWithesShin

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Re: Financial fair play
« Reply #900 on: April 15, 2019, 11:59:21 PM »
That Derby stunt is a bit of a pisstake it has to be said. Steve Gibson can fuck off though, smog munching twat.

Online ChicagoLion

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Re: Financial fair play
« Reply #901 on: April 16, 2019, 06:38:46 AM »
It  is easy to calculate if a Sale and Leaseback arrangement is A valid commercial transaction or otherwise.

Offline Lastfootstamper

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Re: Financial fair play
« Reply #902 on: April 16, 2019, 06:42:34 AM »
"At the last meeting, held at Nottingham Forestís City Ground, it is alleged that Gibson even turned on the three clubs to vent his frustration." By whom? And if there's 24 people at this meeting, why did no-one else weigh in too?

And no, they can't afford to sack Pulis does indeed seem to be the concensus from a look at a forum of theirs the other week.

Offline Ads

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Re: Financial fair play
« Reply #903 on: April 16, 2019, 06:48:43 AM »
We've not breached FFP, so...?

Offline andyh

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Re: Financial fair play
« Reply #904 on: April 16, 2019, 07:02:02 AM »
Itís scary that he knows more about our clubs finances than our owners.

Offline Risso

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Re: Financial fair play
« Reply #905 on: April 16, 2019, 09:19:13 AM »
The Derby thing does seem a blatant attempt to get around the rules, to be fair. If they can do that then it makes a mockery of the whole rules.

It's really not a loophole of any sort.  Sale and leaseback is standard business practice in the 'real world' and has actual economic consequences. Derby County no longer own their stadium.  The fact that it's to another company owned by their chairman is neither here nor there.

Offline Dave P

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Re: Financial fair play
« Reply #906 on: April 16, 2019, 10:26:13 AM »
The Derby thing does seem a blatant attempt to get around the rules, to be fair. If they can do that then it makes a mockery of the whole rules.

It's really not a loophole of any sort.  Sale and leaseback is standard business practice in the 'real world' and has actual economic consequences. Derby County no longer own their stadium.  The fact that it's to another company owned by their chairman is neither here nor there.

Yes, itís not wrong. Very very stupid but not wrong.

Offline chrisw1

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Re: Financial fair play
« Reply #907 on: April 16, 2019, 12:23:43 PM »
We've not breached FFP, so...?
How do you know we wont though this season though?  Isn't the calculation made in June?

Offline sid1964

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Re: Financial fair play
« Reply #908 on: April 16, 2019, 12:47:09 PM »
If I remember rightly, I read that the last CEO we had, said that even if we had been beaten Fulham and been promoted we would not have been able to splash the cash in the premier league due to FFP constraints.

If we don't get promoted this summer, will we have to be careful on what we spend due to FFP?

Online Ian J

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Re: Financial fair play
« Reply #909 on: April 16, 2019, 12:50:10 PM »
What a crap rule though, in a world where we have a home grown lad, nurtured, raised and helped guide him to being an incredible player and we are rewarded by rules which may force us to sell. Absolutely nonsense.

Offline Pat Mustard

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Re: Financial fair play
« Reply #910 on: April 16, 2019, 12:50:22 PM »
If I remember rightly, I read that the last CEO we had, said that even if we had been beaten Fulham and been promoted we would not have been able to splash the cash in the premier league due to FFP constraints.

If we don't get promoted this summer, will we have to be careful on what we spend due to FFP?

I think that was probably more down to the fact that the previous owner didn't have a pot to piss in.

Online KRS

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Re: Financial fair play
« Reply #911 on: April 16, 2019, 01:12:39 PM »
From whatís been previously discussed on here, FFP doesnít apply in the Premier League and you only have to comply with UEFA FFP rules if youíre playing in Europe. I donít know how accurate or true that is, however the explanation at the time made sense.

Offline SaddVillan

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Re: Financial fair play
« Reply #912 on: April 16, 2019, 02:14:54 PM »
Transfermkt.com shows that in the 5 years since 2014/15 Boro spent £152.9m on players and recouped £115.8 via sales.

A net spend of £37.1m.

Gibson's complaints sound like sour grapes, as last summer was the only year in the last 5 in which sales exceeded purchases.


Offline ktvillan

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Re: Financial fair play
« Reply #913 on: April 16, 2019, 02:34:35 PM »
I can see why they do it to stop reckless owners spending clubs into oblivion (although didn't stop our Tone having a damn good go) but FFP sucks as a means of control.  Football clubs are businesses and I think any business should be allowed to speculate to accumulate otherwise it's restraint of trade.   If the authorities want to protect against potential liquidations, any owners planning to spend big could be asked to place a bond of £50-£100m in escrow to bail the club out if their plans go tits up.  In UEFA's case however the whole scam is designed to stop too many clubs doing a Citeh/Chelski/PSG and catching up and overtaking the likes of Real, Barca, Bayern, Man Yoo and other established wealthy clubs.  Incidentally I seem to recall Real Fascist only being able to survive the galactico era because they  "sold" their training ground to Madrid City Council for something like £200m and then leased it back.

Online themossman

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Re: Financial fair play
« Reply #914 on: April 16, 2019, 03:10:59 PM »
Sale and leaseback worked well for Debenhams.