FFP

[andyh]

The whole thing is a dirty, shady sham.

the ‘rules’
the ‘deals to get round the rules’
the posturing
the accounting.

It’s all a fucking sham.
In every which way, no matter how you cut it, it’s a fucking sham.

What ‘probably’ started out with good intentions, as a way to protect clubs from overstretching themselves originally has, AS USUAL, become bloated, ridiculously complex and corrupt.

Just like VAR, something that starts out as simple improvement becomes a vehicle for corruption, cheating, rule breaking and manipulation.

Essentially, the administration of our game is carried out by ****** with too much power and not enough sense.   

And the people being administered, are just as corrupt in their desire to protect their own interests.

It’s all a sham, and a fucking shambles.

[Percy McCarthy]

That's because they've sold the hotel to their parent group. We can sell BMH, next season the Academy etc. What a system.

This needs to be addressed and changed.. the system is so bent.

@David_Ornstein Chelsea avoided breaching the PSR limit by selling the two hotels and car parks at Stamford Bridge to a sister company for £76.5 million. This was enough to turn a £166.4 million loss in 2022-23 into a £89.9 million deficit for the club. #CFC

It’s just fucking wrong. Blatantly wrong. And the PL don’t step in and do anything about it. And that includes the clubs. Do they not call this out?

They had a vote to block it at the AGM, but it didn’t pass. We voted against blocking it.

[jwarry]

The most worrying thing I’ve read today is Oliver Dowdens recent visit to Abu Dabi with the implication that it was to
Smooth over UK/Dabi relations over the Citeh case.  It’s getting stupidly political now

[Ads]

We do £24bn with the UAE as a whole. They need the West more than we need them (look at Qatar and their defence being secured by the USAF for example). I think a bit too much is made of that. The Torys will be gone soon anyway, so even if a scumbag was looking to cream something off, that ship has sailed.

[Stu82]

Is what Chelsea are doing with hotels really any different to us selling VP to ourselves?

Yes, if it is blatantly overpriced, which seems to be the general opinion.

[PeterWithesShin]

Who would have guessed that nations owning English clubs would have the potential to become political.

[Stu]

That's because they've sold the hotel to their parent group. We can sell BMH, next season the Academy etc. What a system.

Great. I wonder if it's worth taking the points deduction rather than sell a player integral to the team. As I understand it, Villa would have zero debt if the owners left tomorrow, albeit without the club owning VP, so what exactly are we going to be punished for?

I'm also getting fed up with Liverpool fans online getting all sanctimonious about the need to be sustainable and how they did it under Klopp blah blah as if their global fanbase which sustains their current spending wasn't established by spending shitloads of money in the 70's and the 80's.

[eye digress]

That's because they've sold the hotel to their parent group. We can sell BMH, next season the Academy etc. What a system.

I read that fell into last year's accounts and is still under investigation as to whether it's allowable.

Yes, it was in their published accounts for the past financial year. Here's what they say:

As disclosed in the Directors' Report, during the year the group commenced a review and restructure of its real estate portfolio resulting in the sale of hotel buildings and car park property to Blueco 22 Properties Limited, a fellow subsidiary of the intermediate parent company, Blueco 22 Limited. In ascertaining the transaction price included within these financial statements, the Directors have obtained market values from two industry leading property valuers, for the purposes of recognising a gain of £76.3m in these financial statements. The Directors agree that these valuations reflect the best estimate when determining the market value of the hotel buildings and car park property.

The consideration for the transaction is subject to Premier League assessment under their associated party transactions rules, as at the date of signing the financial statements, this process is still to be concluded therefore there is a possibility that the Premier League determination of a fair market value, may differ from that recognised within these financial statements. The Directors note that the conclusion of this process may result in a material change to the gain recognised in these financial statements.

So they're making a big play of how they have taken great care to get the right valuation (i.e., paid for blue chip valuers to back them up). But admit that the PL remain the final arbiter with regard to their separate associated party transaction rules.

[Beard82]

That's because they've sold the hotel to their parent group. We can sell BMH, next season the Academy etc. What a system.

Great. I wonder if it's worth taking the points deduction rather than sell a player integral to the team. As I understand it, Villa would have zero debt if the owners left tomorrow, albeit without the club owning VP, so what exactly are we going to be punished for?

I'm also getting fed up with Liverpool fans online getting all sanctimonious about the need to be sustainable and how they did it under Klopp blah blah as if their global fanbase which sustains their current spending wasn't established by spending shitloads of money in the 70's and the 80's.

Trying to change the status quo

[chrisw1]

Didn't we do the same with our ground?

[KevinGage]

That's because they've sold the hotel to their parent group. We can sell BMH, next season the Academy etc. What a system.

Great. I wonder if it's worth taking the points deduction rather than sell a player integral to the team. As I understand it, Villa would have zero debt if the owners left tomorrow, albeit without the club owning VP, so what exactly are we going to be punished for?

I'm also getting fed up with Liverpool fans online getting all sanctimonious about the need to be sustainable and how they did it under Klopp blah blah as if their global fanbase which sustains their current spending wasn't established by spending shitloads of money in the 70's and the 80's.

Redscouse being sanctimonious? No chance.

If's fair when they spent the Littlewoods money in 80s and 90s - outspending champions Man U when Houlier was in charge.

But not fair if other clubs do it.

[wolfman999]

What I find most frustrating about the whole thing is it is always looking backwards. Look at how a club is run NOW, TODAY. Examine the business plan, forthcoming income projections, etc. In Villa's case, FFP takes no account of the vastly increased income from new sponsorships, increased TV revenue, entry into the Champions League next season but actually holds you back and makes you weaken your team by selling key players. Utter madness.

[wolfman999]

That's because they've sold the hotel to their parent group. We can sell BMH, next season the Academy etc. What a system.

Great. I wonder if it's worth taking the points deduction rather than sell a player integral to the team. As I understand it, Villa would have zero debt if the owners left tomorrow, albeit without the club owning VP, so what exactly are we going to be punished for?

I'm also getting fed up with Liverpool fans online getting all sanctimonious about the need to be sustainable and how they did it under Klopp blah blah as if their global fanbase which sustains their current spending wasn't established by spending shitloads of money in the 70's and the 80's.

Well run by wealthy owners, no debt and growing  year on year yet we might get clobbered and have to lose players for less than their true value in a fire sale. Then you have the shit-show that is ManUre, nearly a billion in debt, ground falling to bits yet able to carry on spending/wasting on new players.

[Matt C]

A Villa Park naming rights deal on June 30th is the inevitable outcome here surely.

[Brazilian Villain]

A Villa Park naming rights deal on June 30th is the inevitable outcome here surely.

The Amazon Apple Adidas Arena @ Villa Park has a nice ring to it.