FFP

[Sexual Ealing]

Bjorn Schuurmans our new club secretary.

He's a tax lawyer who's been the head of Nas's family office for the last 8 years.

He sounds like a laugh.

[andrew08]

It’s an odd one this rule. Someone is going to go spectacularly bust if they spend that much money and then get relegated. 5 times the TV money every season? That’s a lot of debt.

[Demitri_C]

There has to surely be a transition period you cabt just implement it the clubs need a opportunity to lower their costs

This will massively will help newly promoted clubs i think.

Suprised newcastle voted in favour of it

[aev]

I would have thought it was good for us, unless our owners wanted the ability to spend even more.

[LeeB]

Bjorn Schuurmans our new club secretary.

He's a tax lawyer who's been the head of Nas's family office for the last 8 years.

He sounds like a laugh.

He like some fancy foreign underwear.

[Lsvilla]

If we're playing in Europe we'll still need to abide by UEFA rules which restrict spending to (I think) 70% of turnover. So that rule will stop us spending anything like £0.5bn pa.

[aev]

K Maguire saying that commercial income becomes an irrelevance in terms of a clubs ability to spend.

Which is good, as ours is miles behind the "top" clubs.

[LeeB]

K Maguire saying that commercial income becomes an irrelevance in terms of a clubs ability to spend.

Which is good, as ours is miles behind the "top" clubs.

"Bye Chris!"

[olaftab]

If we're playing in Europe we'll still need to abide by UEFA rules which restrict spending to (I think) 70% of turnover. So that rule will stop us spending anything like £0.5bn pa.

If??

[Lsvilla]

If we're playing in Europe we'll still need to abide by UEFA rules which restrict spending to (I think) 70% of turnover. So that rule will stop us spending anything like £0.5bn pa.

If??

Haha. When. Obvs.

[Risso]

Bjorn Schuurmans our new club secretary.

He's a tax lawyer who's been the head of Nas's family office for the last 8 years.

He sounds like a laugh.

I've done a very similar job. As the great Mr B. Green esquire once advised on this forum "make youself indespensable to very rich people."

[cdward]

I had a look too. He has been with Naseef Sawiris a good few years and is on the board of Orascom and NNS a Cayman Islands based investment company that Naseef own.
I only noticed that Naseef Sawiris nationality is Belgian. Did i miss this before, i always understood he was Egyptian?

[Demitri_C]

This is going to make PL massively more competitive

Im all for this as the money in the game has become a joke in the game.

[Drummond]

https://x.com/K__AVFC/status/1784958583366389906?s=09

This thread explains why we may have voted against it.

In summary, PL teams can spend loads to get into Europe, but the ones in Europe already can't because of the UEFA FFP rules. So in theory, we're in Europe so can't spend next season. Newcastle, if they don't get in, can spend a shitload if cash without penalty for the season until they get in.

Makes it harder for us to stay  in Europe basically.

[edgysatsuma89]

https://x.com/K__AVFC/status/1784958583366389906?s=09

This thread explains why we may have voted against it.

In summary, PL teams can spend loads to get into Europe, but the ones in Europe already can't because of the UEFA FFP rules. So in theory, we're in Europe so can't spend next season. Newcastle, if they don't get in, can spend a shitload if cash without penalty for the season until they get in.

Makes it harder for us to stay  in Europe basically.

Yeah, this was my reaction. If our plan is to stay in Europe then it's their rules we need to keep an eye on as well. In terms of wages, those chasing clubs would still have to be wary of what they are doing though on the off chase they did attain European football. It would be the dog catching the car.