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Author Topic: Financial fair play  (Read 219814 times)

Offline kippaxvilla2

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  • Location: Back in Solihull
Re: Financial fair play
« Reply #825 on: March 23, 2019, 02:49:06 PM »
Tweet
Conversation

Alan Nixon
@reluctantnicko
Villa not worried. Sheff Wed been cutting and will cut again. Derby not been spending madly lately either.

Online Dave P

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Re: Financial fair play
« Reply #826 on: March 23, 2019, 02:56:13 PM »
Key points of the blues report.

EFL took into consideration who was to blame, the managers or the owners.
Our owners inherited what the past regime did.

I’m told Purslow from day one has engaged in the league and they rubber stamped a 3 year plan for us.
We’ve not even breached FFP yet as this years figures is a forecast document.
- this seasons financials will be looked at again in the summer to see if we have breached this season and by how much
- The past 2 seasons is mitigation as how can current owners change the past when not at the helm
- We have a 3 year plan working with the EFL
- we’ve been open and transparent unlike them down the road who tried to cover it up

Ultimately if we don’t go up then a Jack sale well and truly bails us out. Even if the scum sell Adams for say £15m they can only allocate a portion of that fee over the length of his contract (say £3m per season for 5 years)
With Jack his WHOLE fee goes straight into the current years books.

All this showing how the club are committed to being sustainable and working with the P&S EFL rules.
I would be astounded if we got stung and would expect us to challenge it in court of arbitration if we did

This is very interesting and reassuring. People look at the hard losses but the rules are for profit and SUSTAINABILITY. A sensible business plan all ratified by the EFL will surely work in our favour. Those lot down the road seemed to have just closed their eyes and hoped it will be fine.

Offline Ads

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Re: Financial fair play
« Reply #827 on: March 23, 2019, 03:04:09 PM »
Price of Football (believe he's a bod at Liverpool Uni) reckons we've complied with FFP anyway.

Offline LowerNorthStand

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Re: Financial fair play
« Reply #828 on: March 23, 2019, 03:37:10 PM »
Price of Football (believe he's a bod at Liverpool Uni) reckons we've complied with FFP anyway.

Is that the bloke on twitter who posts on clubs accounting reports? He seems to know what he’s talking about

Offline Behind Bluenose Lines

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Re: Financial fair play
« Reply #829 on: March 23, 2019, 03:39:55 PM »
Price of Football (believe he's a bod at Liverpool Uni) reckons we've complied with FFP anyway.

Is that the bloke on twitter who posts on clubs accounting reports? He seems to know what he’s talking about
I hope he's right. Would shut up Richard Wilford on WM up!

Offline Ads

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Re: Financial fair play
« Reply #830 on: March 23, 2019, 03:42:33 PM »
Yeah, a lecturer on Finance at Liverpool Uni.

Offline kippaxvilla2

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Re: Financial fair play
« Reply #831 on: March 23, 2019, 04:29:48 PM »
Kieran Maguire.

Offline villa `cross the mersey

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Re: Financial fair play
« Reply #832 on: March 23, 2019, 06:31:08 PM »
Kieran Maguire.
Unfortunately SHA listened to advice given by Kylie Minoghue

Offline Exeter 77

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Re: Financial fair play
« Reply #833 on: March 23, 2019, 06:51:08 PM »
Kieran Maguire.
He did an extensive live stream on Benjamin Bloom's YouTube channel last week but has now been split into several separate videos.




Offline Villafirst

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Re: Financial fair play
« Reply #834 on: March 23, 2019, 07:29:16 PM »
SHA Forum clutching at any straw hoping we'll be punished. But they accept we'll probably "jam" our way out of it. I'd like to think our owners have got FFP nailed down. Purslow surely has the best understanding of the rules?

Offline Holte132

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Re: Financial fair play
« Reply #835 on: March 24, 2019, 09:40:46 AM »
From today's Sunday Telegraph:

In the Football League’s fulsome and damning judgment of Birmingham City’s chronic overspend, there is a passage in which the club, in their desperation, try to assert the argument that although they broke financial fair play rules, they did it so badly that no advantage was gained.

This is what might reasonably be described as the idiot’s defence. Having accepted that their losses far exceeded the £39 million permitted over the three seasons in question, the owners of Birmingham tried to run one more play. This one was crazy but it might just work. Yes, they said, almost £10 million more than permitted had been spent but they invited the EFL to prove that the outgoings had yielded anything approaching a “measurable sporting advantage”.

In short, they and their lawyers tried to make a virtue of their own ineptitude. The helpless fools powerless to stop themselves spending way too much on players who were never going to get them promoted. At this point Charles Flint QC, chairman of the EFL commission, was obliged to point out that was simply not how FFP worked, and if it was there would be little point having the sanction – although all the grown-ups in the room would have known that anyway.

By their own admission, Trillion Trophy Asia are not good owners, and the nine-point deduction will be their badge of dishonour. What is it, one might ask, that would persuade the owners of a solid Championship club to go on a suicidal spending mission doomed to propel them into a relegation fight? The answer would be, because many in the Championship are doing the same and their reasons are entirely for the benefit of ownership.

Offline brian green

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Re: Financial fair play
« Reply #836 on: March 24, 2019, 09:51:56 AM »
There is a great television play starring David Kossof (sp?) from the days of black and white called The Dock Brief in which a petty crook (played by Alfie Bass I think) gets off because his lawyer is so incompetent.  Somebody at The Sty must have seen it and been inspired by it.

Offline eamonn

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  • GM : 26.07.2020
Re: Financial fair play
« Reply #837 on: March 24, 2019, 10:14:46 AM »
Blose are lucky in that being mired in mid-table they've not missed out on a play-off push with this deduction and they likely will have too much to be involved in a relegation scrap.

If the deduction had been 12-15 points it would have made the last few weeks of the season interesting for them, they might even have filled the Sty for their last few home games instead of only when they play us...

Given that they will face no further fines I think they should be grateful that their punishment will turn out to be negligible (it's not like each Championship final position is worth the £750k or whatever it is in the PL), so they should stop moaning and shut the fcuk up.
« Last Edit: March 24, 2019, 10:42:15 AM by eamonn »

Offline DeeBoy1

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  • Location: Brummie in Aston Village (Herts)
Re: Financial fair play
« Reply #838 on: March 24, 2019, 01:49:13 PM »
Kieran Maguire.
Unfortunately SHA listened to advice given by Kylie Minoghue

That made me laugh out loud!

Offline Villafirst

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Re: Financial fair play
« Reply #839 on: March 24, 2019, 02:35:14 PM »
Perhaps Villa ought to put out a statement addressing this issue. If we are indeed compliant within the rules, perhaps the threat of a lawsuit against the Daily Mail might focus minds? This is damaging publicity against the club.

 


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