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Author Topic: Financial fair play  (Read 219651 times)

Offline ChicagoLion

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Re: Financial fair play
« Reply #525 on: July 27, 2018, 03:58:00 PM »
I agree, the lack of precedent or specifics means that a points deduction leading to relegation or lack of promotion would without doubt be challenged.
We now have owners that have the ammunition to take this on.
They do have good grounds to calculate serious fines based on the QPR ruling though.

Offline Ad@m

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Re: Financial fair play
« Reply #526 on: August 08, 2018, 08:47:57 PM »
Given all the inward transfer activity, seems that the new owners fancy their lawyers over the EFL's when it comes to FFP!!!

Offline four fornicholl

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Re: Financial fair play
« Reply #527 on: August 08, 2018, 08:51:02 PM »
Given all the inward transfer activity, seems that the new owners fancy their lawyers over the EFL's when it comes to FFP!!!
Or two very rich gamblers.Read into that what you wish, 40 mill or so between them isn't much.God forbid.

Offline brian green

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Re: Financial fair play
« Reply #528 on: August 08, 2018, 08:55:18 PM »
To paraphrase what the great man said  "would you want to bet against them?"

Offline four fornicholl

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Re: Financial fair play
« Reply #529 on: August 08, 2018, 08:58:39 PM »
To paraphrase what the great man said  "would you want to bet against them?"
Not a chance  :)

Offline b23

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Re: Financial fair play
« Reply #530 on: August 15, 2018, 11:35:02 AM »
An interesting article about FFP on the BBC.

Record TV rights deal saw gap from Premier League to EFL widen to £133m in first year.

https://www.bbc.co.uk/sport/football/44981103

Offline OCD

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Re: Financial fair play
« Reply #531 on: August 15, 2018, 12:38:01 PM »
"This loss is not the same as the accounting losses published by clubs, as some costs - such as infrastructure, academy, community and women's football - are excluded."

Offline Cleybrooke

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Re: Financial fair play
« Reply #532 on: August 15, 2018, 02:05:00 PM »
And that is our get out jail free card.

The figures for the 2015-16 period show that with an operating loss of £81.3m.  Which is were our "£40m FFP hole" comes from.

However, the club’s statement states losses of £79.6m due to “exceptional items” for “for the impairment of tangible fixed assets and intangible assets”.

As the BBC has stated, (as in Appendix D of the EFL FFP rules) these don't count!


Offline Hookeysmith

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Re: Financial fair play
« Reply #533 on: August 15, 2018, 02:15:21 PM »
It seems that financial accounting is the new rock n roll - whoo hoo






I don't have a clue what any of it means  :(

Offline paul_e

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Re: Financial fair play
« Reply #534 on: August 15, 2018, 02:34:39 PM »
And that is our get out jail free card.

The figures for the 2015-16 period show that with an operating loss of £81.3m.  Which is were our "£40m FFP hole" comes from.

However, the club’s statement states losses of £79.6m due to “exceptional items” for “for the impairment of tangible fixed assets and intangible assets”.

As the BBC has stated, (as in Appendix D of the EFL FFP rules) these don't count!



actually that was our explanation for the last 2 seasons, those figures have no impact on this years assessment.

Offline Ad@m

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Re: Financial fair play
« Reply #535 on: August 15, 2018, 06:46:11 PM »
The figures for the 2015-16 period show that with an operating loss of £81.3m.  Which is were our "£40m FFP hole" comes from.


No it isn't.

Offline Hookeysmith

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Re: Financial fair play
« Reply #536 on: August 15, 2018, 08:05:29 PM »
There is no way our very rich business men would have even blinked in our direction if they had not had a team of experts looking into every financial nook and crannie and ways to not incur any penalties with FFP. Men like this amass this sort of wealth not by fortune but by managing detail.

It did not take long for the EFL team to speak with them, listen to thier plan and ratify the deal.

It may still take a while to have full financial support from them but I'm sure it is already being planned for

Offline Mister E

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Re: Financial fair play
« Reply #537 on: August 15, 2018, 08:36:27 PM »
Record TV rights deal saw gap from Premier League to EFL widen to £133m in first year.
The gap = the drawbridge between the rich top 6-ish and the rest.

Offline Marlon From Bearwood

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Re: Financial fair play
« Reply #538 on: August 15, 2018, 11:13:59 PM »
There is no way our very rich business men would have even blinked in our direction if they had not had a team of experts looking into every financial nook and crannie and ways to not incur any penalties with FFP. Men like this amass this sort of wealth not by fortune but by managing detail.

It did not take long for the EFL team to speak with them, listen to thier plan and ratify the deal.

It may still take a while to have full financial support from them but I'm sure it is already being planned for

Whilst driving home from VP last Saturday I listened to Pat Murphy say the Villa takeover incredibly only took 6 days as the new owners had 30 accountants and lawyers working 24 hours a day reviewing the accounts etc to get the deal done. He also said the Wigan manager had informed him that their takeover took a year.

I concluded that these guys mean business and know what they are doing.

Offline sickbeggar

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Re: Financial fair play
« Reply #539 on: August 15, 2018, 11:28:02 PM »
Well if their clever accountants have found a way round FFP then explain the transfers..... If you have a fortune available then transfers happen because you meet the inflated fees asked.  you're certainly not struggling to buy a championship quality centre half. I don't see any evidence we aren't going to follow fpp

 


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