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Author Topic: Financial fair play  (Read 219628 times)

Offline Clark W Griswold

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Re: Financial fair play
« Reply #570 on: September 24, 2018, 01:18:39 PM »
We'll sell Grealish surely? Not sure we'll get a massive amount for him mind, the way he's played this season.

Offline Sexual Ealing

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Re: Financial fair play
« Reply #571 on: September 24, 2018, 01:24:05 PM »
Is it possible that the new owners have taken legal advice, and said advice has recommended that we take it to the courts if they imposeba deduction? Restraint of trade or something like it?

I obviously have no idea but they haven't acted like they care too much about it

Offline mike

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Re: Financial fair play
« Reply #572 on: September 24, 2018, 01:26:32 PM »
We'll sell Grealish surely? Not sure we'll get a massive amount for him mind, the way he's played this season.

We’re supposedly trying to get him to sign a new contract? I’m an institutionalised pessimist but I can’t see they don’t have this covered in some way. It would be monumentally stupid after the near miss last summer to do it all again.

Offline Clark W Griswold

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Re: Financial fair play
« Reply #573 on: September 24, 2018, 01:30:43 PM »
You'd hope so.

Offline mike

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Re: Financial fair play
« Reply #574 on: September 24, 2018, 02:32:36 PM »
Over on the Purslow thread, there is talk of a possible 20 point deduction? I thought it was a maximum of 12?

Offline Drummond

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Re: Financial fair play
« Reply #575 on: September 24, 2018, 03:09:07 PM »
Now that he's signed a 5 year deal, does Grealish's value, and probable release clause, help us towards FFP in any way? i.e. by being an asset on the books..

Offline aj2k77

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Re: Financial fair play
« Reply #576 on: September 24, 2018, 03:10:28 PM »
Now that he's signed a 5 year deal, does Grealish's value, and probable release clause, help us towards FFP in any way? i.e. by being an asset on the books..

No, his value is in the transfer fee as he is a youth player who cost nothing so would be pure profit on the books.

Offline mike

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Re: Financial fair play
« Reply #577 on: September 24, 2018, 03:13:34 PM »
Now that he's signed a 5 year deal, does Grealish's value, and probable release clause, help us towards FFP in any way? i.e. by being an asset on the books..

No, his value is in the transfer fee as he is a youth player who cost nothing so would be pure profit on the books.

I thought he would now be counted as a saleable asset worth £X as opposed to £Y previously? However, I know nothing about finance. let alone FFP.

Offline aj2k77

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Re: Financial fair play
« Reply #578 on: September 24, 2018, 03:39:59 PM »
Now that he's signed a 5 year deal, does Grealish's value, and probable release clause, help us towards FFP in any way? i.e. by being an asset on the books..

No, his value is in the transfer fee as he is a youth player who cost nothing so would be pure profit on the books.

I thought he would now be counted as a saleable asset worth £X as opposed to £Y previously? However, I know nothing about finance. let alone FFP.

That wouldn't work because who's to say how much a player is worth until they've been sold and someone has paid that amount.

Offline Dante Lavelli

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Re: Financial fair play
« Reply #579 on: September 24, 2018, 04:00:09 PM »
Just wonder if the new owners see where we are by January and for the sake of FFP have a bit of a fire sale then if promotion is not on the horizon.

Due to the playoffs though, pretty much everyone down to the bottom five or six clubs could theoretically finish 6th at Christmas.

Offline kippaxvilla2

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Re: Financial fair play
« Reply #580 on: September 24, 2018, 06:52:44 PM »
It’s got to help hasn’t it?  He will amortise over five years as opposed to the 1.5 years that was left?

Offline mike

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Re: Financial fair play
« Reply #581 on: September 24, 2018, 07:01:49 PM »
It’s got to help hasn’t it?  He will amortise over five years as opposed to the 1.5 years that was left?

I think that's what I was trying to say...

Offline Risso

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Re: Financial fair play
« Reply #582 on: September 24, 2018, 07:06:13 PM »
There is no amortisation with Grealish.  He's a former youth player, so has no value in the accounts.  The fact that he's signed a new contract doesn't change that.  Whatever his theoretical value is, is totally irrelevant.  The only time he'll appear in a set of accounts for transfer value and amortisation is when we sell him.  His whole sales value will be profit for us, and then his cost will appear in Spurs' accounts, written off over the length of the contract there.

Offline mike

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Re: Financial fair play
« Reply #583 on: September 24, 2018, 07:28:19 PM »
There is no amortisation with Grealish.  He's a former youth player, so has no value in the accounts.  The fact that he's signed a new contract doesn't change that.  Whatever his theoretical value is, is totally irrelevant.  The only time he'll appear in a set of accounts for transfer value and amortisation is when we sell him.  His whole sales value will be profit for us, and then his cost will appear in Spurs' accounts, written off over the length of the contract there.

Bugger.

Offline Villafirst

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  • Posts: 6991
Re: Financial fair play
« Reply #584 on: September 24, 2018, 07:35:07 PM »
The FFP rules are an absolute joke. The very clubs who created this like Man City and Chelsea have flouted the rules for years and haven't received a single point deduction.  Even Bournemouth have broke the rules twice and just received fines only. The hounding of Championship clubs is totally unfair. FFP actually protects the top sides, ridiculous!

 


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