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Author Topic: Financial fair play  (Read 219820 times)

Online ChicagoLion

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Re: Financial fair play
« Reply #480 on: June 05, 2018, 02:32:40 PM »
"In a document on Companies House dated February 2, 48 hours after the transfer window shut, the club sold on future income due on Amavi and Sanchez to the Australian Macquarie bank"

From the Daily Record.

It's going to be a very interesting summer and season.



That sounds like a standard factoring arrangement to be honest.  Although I can't see where it's mentioned on Companies House to have a closer look.

What is does suggest though is that we’ve cashed on our chips on any Amavi money already, so any netting off of the FFP shortfall with this cash can be forgotten
It should make no difference to FFP.

Online Gareth

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Re: Financial fair play
« Reply #481 on: June 05, 2018, 02:40:24 PM »
One thing Keith Wyness mentioned when was doing the forums earlier in year and was transcribed by Bham Mail was;

"Financial Fair Play is a very boring and complex subject. The politics around it are also potentially changing right now.“

Does that possibly mean that the FFP rules might have changed / be changing?

Clutching at straws :-)

Offline David_Nab

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Re: Financial fair play
« Reply #482 on: June 05, 2018, 04:14:53 PM »
One thing Keith Wyness mentioned when was doing the forums earlier in year and was transcribed by Bham Mail was;

"Financial Fair Play is a very boring and complex subject. The politics around it are also potentially changing right now.“

Does that possibly mean that the FFP rules might have changed / be changing?

Clutching at straws :-)

There was a meeting of clubs to discuss it in March it needed one more club to vote against it , I'm assuming it didn't go our way as nothing more as been said about it

Online PaulWinch again

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Re: Financial fair play
« Reply #483 on: June 05, 2018, 05:00:16 PM »
In light of current events is anyone starting to think FFP is a smokescreen?

Offline frank black

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Re: Financial fair play
« Reply #484 on: June 05, 2018, 05:01:28 PM »
Tony Sly me thinks

Offline frank black

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Re: Financial fair play
« Reply #485 on: June 05, 2018, 05:04:47 PM »
I will be very surprised if we are not officially for sale by the end of the week

Offline Lastfootstamper

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Re: Financial fair play
« Reply #486 on: June 05, 2018, 05:14:38 PM »
In light of current events is anyone starting to think FFP is a smokescreen?

No. I'm fully satisfied that our wage bill is astronomical for where we are, and it'd be a massive millstone for whoever owned us and was looking to take us forward, given the current ffp framework.

All the other stuff is incidental, and if ffp was supposed to be a smokescreen, it's not working very well, is it?

Offline Matt Collins

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Re: Financial fair play
« Reply #487 on: June 05, 2018, 05:26:16 PM »
In light of current events is anyone starting to think FFP is a smokescreen?

Its not just a smokescreen. Its a real problem

But I agree it could be a convenient excuse

Worrying times.

Offline Tony Boucher

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Re: Financial fair play
« Reply #488 on: June 06, 2018, 09:40:30 AM »
Does anyone know what the likely punishment is for failing the FFP test?  If it's a fine, or a transfer embargo, surely that's a price worth paying for keeping the family silver for another season?  Otherwise we will be another Forest or Leeds.

Offline Matt Collins

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Re: Financial fair play
« Reply #489 on: June 06, 2018, 09:50:03 AM »
Theres a range

Bigger risk is administration driven by short term cash flow. Xia apparently has been putting in £4m per month but can't get his money out of the country.

Administration comes with a 12 point reduction. That plus a fire sale and only two months till the transfer window closes spells potential relegation if you start badly

Online Drummond

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Re: Financial fair play
« Reply #490 on: June 06, 2018, 10:09:26 AM »
31 pages so far on FFP, and no one is the wiser.
All I can say, is why are we worrying??
The shite down the road and about 9 or 10 other clubs are rumoured to be in the same boat, but have we heard anything from their fans??? Have we feck!!!
When the REAL NEWS breaks, we can see where we're at, until then lets all CALM THE FECK DOWN and start bullshitting ourselves that ENGERLAND are going to win the World Cup!!Lol.

Has the REAL NEWS broken now?

Offline Chris_Jephcott

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Re: Financial fair play
« Reply #491 on: June 06, 2018, 10:25:47 AM »
Just a thought from this side: the legal aspect...

ANNEX XII: Voluntary agreements for break-even requirement
A. Principles
1. A club may apply to the UEFA Club Financial Control Body investigatory chamber
to enter into a voluntary agreement with the aim of complying with the break-even
requirement.
2. A club is eligible to apply to enter into a voluntary agreement if it:
i) has been granted a valid licence to enter the UEFA club competitions by
its national licensor but has not qualified for a UEFA club competition in the
season that precedes the entry into force of the voluntary agreement; or
ii) has qualified for a UEFA club competition and fulfils the break-even
requirement in the monitoring period that precedes the entry into force of
the voluntary agreement; or
iii) has been subject to a significant change in ownership and/or control within
the 12 months preceding the application deadline.


Could point iii above be what we are strategically angling towards at the moment?? Change ownership, abandon FPP?

Offline David_Nab

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Re: Financial fair play
« Reply #492 on: June 06, 2018, 10:30:09 AM »
Just a thought from this side: the legal aspect...

ANNEX XII: Voluntary agreements for break-even requirement
A. Principles
1. A club may apply to the UEFA Club Financial Control Body investigatory chamber
to enter into a voluntary agreement with the aim of complying with the break-even
requirement.
2. A club is eligible to apply to enter into a voluntary agreement if it:
i) has been granted a valid licence to enter the UEFA club competitions by
its national licensor but has not qualified for a UEFA club competition in the
season that precedes the entry into force of the voluntary agreement; or
ii) has qualified for a UEFA club competition and fulfils the break-even
requirement in the monitoring period that precedes the entry into force of
the voluntary agreement; or
iii) has been subject to a significant change in ownership and/or control within
the 12 months preceding the application deadline.


Could point iii above be what we are strategically angling towards at the moment?? Change ownership, abandon FPP?

Looks like it could be an option ..hopefully

Offline Ad@m

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Re: Financial fair play
« Reply #493 on: June 06, 2018, 12:18:33 PM »
Just a thought from this side: the legal aspect...

ANNEX XII: Voluntary agreements for break-even requirement
A. Principles
1. A club may apply to the UEFA Club Financial Control Body investigatory chamber
to enter into a voluntary agreement with the aim of complying with the break-even
requirement.
2. A club is eligible to apply to enter into a voluntary agreement if it:
i) has been granted a valid licence to enter the UEFA club competitions by
its national licensor but has not qualified for a UEFA club competition in the
season that precedes the entry into force of the voluntary agreement; or
ii) has qualified for a UEFA club competition and fulfils the break-even
requirement in the monitoring period that precedes the entry into force of
the voluntary agreement; or
iii) has been subject to a significant change in ownership and/or control within
the 12 months preceding the application deadline.


Could point iii above be what we are strategically angling towards at the moment?? Change ownership, abandon FPP?

Those are the UEFA rules - unless the Anglo Italian is coming back I'm not sure we'll need to worry about these rules for a while.

The key thing is whether there's a similar clause in the EFL rules.

Offline eddiemunster

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Re: Financial fair play
« Reply #494 on: June 06, 2018, 09:22:14 PM »
31 pages so far on FFP, and no one is the wiser.
All I can say, is why are we worrying??
The shite down the road and about 9 or 10 other clubs are rumoured to be in the same boat, but have we heard anything from their fans??? Have we feck!!!
When the REAL NEWS breaks, we can see where we're at, until then lets all CALM THE FECK DOWN and start bullshitting ourselves that ENGERLAND are going to win the World Cup!!Lol.

Has the REAL NEWS broken now?


Exactly, has the REAL NEWS broken. That is;
If you believe the SkySports News "We understand...." and the BBC "sources etc.." and a certain SVC and his "3 sources" then yes the real news has broken.
Until its in an official statement from the club that we are being sold, wound up or going into administration and players x,y and z have been sold, then sorry I'm not buying into the clickbait bullshit, and as I said before, maybe we should all take a step back, take a deep breath and wait.
And while we're waiting, look forward to the press and media ripping into our national teams manager and players as soon as we drop a bollock in the World Cup.

 


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