So our new invester made his money from fertilizer... Something to remember should it all go to shit.
I apologize if this has been answered in detail elsewhere but a friend of mine (United fan, banker) is asking why the new investors/co-owners can't just purchase the debt and start at 0 as far as FFP is concerned. Is there simply a rule in the FFP regulations that forbids this? Does all income have to be generated by sale of assets to factor against FFP losses?Thanks.
Quote from: AsTallAsLions on July 20, 2018, 03:57:17 PMI apologize if this has been answered in detail elsewhere but a friend of mine (United fan, banker) is asking why the new investors/co-owners can't just purchase the debt and start at 0 as far as FFP is concerned. Is there simply a rule in the FFP regulations that forbids this? Does all income have to be generated by sale of assets to factor against FFP losses?Thanks.FFP is just to do with income, expenses and losses. Our problems are caused by falling parachute payments and high wages for wasters like Richards. The only real way out of the problem is to generate profit on player trading, hence the likely sales of Grealish and Chester.Unless the new owners take a ‘fuck it’ approach to FFP, they’ll still probably have to be sold.