In reply to what someone posted here;

Corbyn has certainly exploded labour membership -the biggest party in Europe.

Some will choose, no doubt, to sneer at the election result -the fact remains that in the last six general elections, the two leaders with the largest Labour votes are Corbyn and, er, Corbyn!!

In reply to what someone posted here;

Corbyn has certainly exploded labour membership -the biggest party in Europe.

Some will choose, no doubt, to sneer at the election result -the fact remains that in the last six general elections, the two leaders with the largest Labour votes are Corbyn and, er, Corbyn!!

Yes, the most popular and least successful. He could cost us a fortune.

Do any of our legal eagles know whether Edens and Sawiris would have a restraint of trade case against the PL for this FFP nonsense? Surely the owner of a business has a legal right to invest as much as he/she/they want(s) in order to make it a success?

Quote from: Sexual Ealing on January 12, 2020, 11:00:52 PM

Do any of our legal eagles know whether Edens and Sawiris would have a restraint of trade case against the PL for this FFP nonsense? Surely the owner of a business has a legal right to invest as much as he/she/they want(s) in order to make it a success?

I've mentioned that point a few times.  I'm surprised that none of the rich clubs in Europe haven't take a case to the EU.  I can't think of another industry where such restraint would be permitted.

Sorry mister, hadn't seen it mentioned before. I can't see (as a wise gentleman with no knowledge of the law) how these restrictions wouldn't break a free trade regulation or two.

Quote from: Risso on January 12, 2020, 11:03:26 PM

Quote from: Sexual Ealing on January 12, 2020, 11:00:52 PM

Do any of our legal eagles know whether Edens and Sawiris would have a restraint of trade case against the PL for this FFP nonsense? Surely the owner of a business has a legal right to invest as much as he/she/they want(s) in order to make it a success?

I've mentioned that point a few times.  I'm surprised that none of the rich clubs in Europe haven't take a case to the EU.  I can't think of another industry where such restraint would be permitted.

Sorry mister, hadn't seen it mentioned before. I can't see (as a wise gentleman with no knowledge of the law) how these restrictions wouldn't break a free trade regulation or two.

Nothing to apologise for, just a way of saying I agree with you.

Quote from: ChicagoLion on January 12, 2020, 11:15:57 PM

Quote from: Risso on January 12, 2020, 11:03:26 PM

Quote from: Sexual Ealing on January 12, 2020, 11:00:52 PM

Do any of our legal eagles know whether Edens and Sawiris would have a restraint of trade case against the PL for this FFP nonsense? Surely the owner of a business has a legal right to invest as much as he/she/they want(s) in order to make it a success?

I've mentioned that point a few times.  I'm surprised that none of the rich clubs in Europe haven't take a case to the EU.  I can't think of another industry where such restraint would be permitted.

I think there have been a couple of cases thrown out, one Italian club.

I may be way off beam, but aren't UEFA and FA FFP regs different? If so, couldn't we challenge on a UK-only basis? (Not necessarily a question specifically to you, CL). We have, after all, got are cuntry back.

Interesting point SE and not one that has been widely discussed, the impact of Brexit on football. It’s the ECJ that has so far held up FFP, this could obviously change.

I still think the basic idea of FFP is sound, stopping clubs spending money they don't have isn't a bad thing. But what about clubs/owners that do have the money, there has to be a way for them to invest the money. Whether it involves money going into escrow or what i'm not sure but stopping people spending their own money seems as bonkers as letting clubs spend money they didn't have.

Agree, it’s the method they have chosen that is fucked up.
Using a trading ratio as opposed to a Balance Sheet / Cash flow  covenant is where it all goes wrong.
A bank for example is not concerned if a business is loss making as long as it has enough cash to sustain operations. It’s also reactive, a club could operate for 3 years until it breaches FFP and run out of cash and go out of business. FFP does not stop clubs over spending until it is too late.