FFP

[Brazilian Villain]

IFRS 10?

IAS 16 and 38 deal with deprecation.

[tomd2103]

Premier League's Profitability & Sustainability Rules to be replaced as early as this summer by new system of financial regulation, Sky are reporting.

Heard on Talksport earlier that it is rumoured to be something like clubs not being allowed to spend more than 85% of turnover of wages and transfer fees. 

[Somniloquism]

Premier League's Profitability & Sustainability Rules to be replaced as early as this summer by new system of financial regulation, Sky are reporting.

And hey presto, Man City's 115 charges miraculously disappear?

The charges are going back to 2017 and not all FFP. So no they shouldn't disappear because new rules are in.

[Percy McCarthy]

I’ll be interested to learn how this is less restrictive than the present rules. It’s not obvious to me, but I might be being a bit thick. Off to twitter to see if any experts have commented yet.

[Somniloquism]

The new financial system, likely to be based on Uefa's model, would replace the current profit and sustainability rules (PSR) which permit clubs to lose a maximum of £105m in a three-year spell.

Uefa's rules limit spending on player and coach wages, transfers, and agent fees to a percentage of the club's revenue starting at 90% this season and reducing to 70% from 2025-26.

So as with all things, the more successful clubs can afford to pay stupid money and wages but the ones below them have the ladder drawn up so they can't compete.

[Percy McCarthy]

The new financial system, likely to be based on Uefa's model, would replace the current profit and sustainability rules (PSR) which permit clubs to lose a maximum of £105m in a three-year spell.

Uefa's rules limit spending on player and coach wages, transfers, and agent fees to a percentage of the club's revenue starting at 90% this season and reducing to 70% from 2025-26.

So as with all things, the more successful clubs can afford to pay stupid money and wages but the ones below them have the ladder drawn up so they can't compete.

How the fuck have 14 clubs voted for this?

[Percy McCarthy]

Back from twitter. Maguire says it’s good for the greedy 6, bad for Villa and Newcastle.

[Somniloquism]

The new financial system, likely to be based on Uefa's model, would replace the current profit and sustainability rules (PSR) which permit clubs to lose a maximum of £105m in a three-year spell.

Uefa's rules limit spending on player and coach wages, transfers, and agent fees to a percentage of the club's revenue starting at 90% this season and reducing to 70% from 2025-26.

So as with all things, the more successful clubs can afford to pay stupid money and wages but the ones below them have the ladder drawn up so they can't compete.

How the fuck have 14 clubs voted for this?

They haven't yet. It was in the article about the failed vote for EFL payments. Apparently lower down teams were stating why should they pay the same from their incomings as teams like Citeh are paying from theirs so no deal was reached. Another vote was due when the PSR replacements was decided.

[Percy McCarthy]

The new financial system, likely to be based on Uefa's model, would replace the current profit and sustainability rules (PSR) which permit clubs to lose a maximum of £105m in a three-year spell.

Uefa's rules limit spending on player and coach wages, transfers, and agent fees to a percentage of the club's revenue starting at 90% this season and reducing to 70% from 2025-26.

So as with all things, the more successful clubs can afford to pay stupid money and wages but the ones below them have the ladder drawn up so they can't compete.

How the fuck have 14 clubs voted for this?

They haven't yet. It was in the article about the failed vote for EFL payments. Apparently lower down teams were stating why should they pay the same from their incomings as teams like Citeh are paying from theirs so no deal was reached. Another vote was due when the PSR replacements was decided.

Well, let’s hope they fuck it off like a Tory government.

Over on twitter, people are talking about 70% of turnover being okay to spend on player wages, transfer fees and agents fees, which apparently is the system in Europe, but in Europe you’re allowed to go beyond that if the owners are prepared to guarantee they’re good for it.

[chrisw1]

This sounds like an absolute disaster for us.  If anyone thought FFP was pulling up the ladder, this looks much worse.

[Risso]

The new financial system, likely to be based on Uefa's model, would replace the current profit and sustainability rules (PSR) which permit clubs to lose a maximum of £105m in a three-year spell.

Uefa's rules limit spending on player and coach wages, transfers, and agent fees to a percentage of the club's revenue starting at 90% this season and reducing to 70% from 2025-26.

So as with all things, the more successful clubs can afford to pay stupid money and wages but the ones below them have the ladder drawn up so they can't compete.

How the fuck have 14 clubs voted for this?

At a guess:

Obviously most of the "seven clubs who are more contenders than us to be top seven" will want to vote for it, as it gives them more room to inflate their income and spend a proportion of it without worrying too much about losses. The seven or eight clubs who are eternally in a relegation battle won't be too concerned about what goes on at the top of the league, as clubs like Everton and Palace aren't ever going to be contenders to win anything, and they probably think they can use the rules to spend a bit more without living in fear of points deductions.

It's only clubs like us who are too good to worry about going down, but have a shit income compared to the other big clubs at the top end who are going to be materially disadvantaged.

[Dogtanian]

Well, it wouldn't be surprising. There are six clubs with a massive interest in maintaining the status quo, like any other large business will try to do if given the opportunity.

Football isn't for us anymore. It's for billionaires who want a pissing contest, sleazy dirtbags who only care about their own earnings, dodgy regimes who want people to forget they're evil sub-human scum, and the kind of people who just pick a club to 'support' based solely on current success and having bragging rights on twitter.

And we're now far enough along the path that a whole generation has grown up thinking this is how football is.

[pablo_picasso]

Modern day football is absolutely exhausting.

I fell out of love with it years ago & only clinging on due to my love for Villa, but Im finding it very difficult to stay the course with the way that the status quo & the powers that be continually attempting to turn it into WWE Pro Wrestling...

[tomd2103]

Well, it wouldn't be surprising. There are six clubs with a massive interest in maintaining the status quo, like any other large business will try to do if given the opportunity.

Beginning to suspect that it's not only those clubs that have an interest in maintaining the status quo.  It seems to me that the whole structure of English and European football is built around the interests of the 'big' clubs.  The media coverage in this country is now becoming blatantly tailored to armchair fans of certain clubs and any sense of impartiality has vanished long ago.

[Three Spires Villa]

Modern day football is absolutely exhausting.

I fell out of love with it overall years ago & only clinging on due to my love for Villa, but Im finding it very difficult to stay the course with the way that the status quo & the powers that be continually attempting to turn it into WWE Pro Wrestling...

Spot on