FFP

[Goldenballs]

I'd love to boot him in the bollocks, stupid arrogant ******.

[garyellis]

You can smell the arrogance.
Get your own club in order and don’t expect any special favours as a mid table Premier league club.

[Chris Harte]

Jim Radcliffe of Man U summarizing why the rules need to favour the top 6 clubs

https://x.com/caseysean51/status/1806980899591840060?s=46

That is jaw-droppingly arrogant of him to state that the top six clubs shouldn't be disadvantaged.

And while you're at it, if you want a new stadium put your hands in your own pockets. Tight bastard.

[Paul.S]

He also said he didn’t understand why Newcastle had put Ashworth on gardening leave and wouldn’t allow him to go to them.
I maybe wrong but I don’t think he’s used to not getting what he wants but he’ll have to get used to it.

[eye digress]

[…] and I think you are arguing with a Chartered Accountant.

That is as may be.

[Scratchins]

Radcliffe is still aiming to win the 'Premiership'

[cdbearsfan]

He'll only be moaning about how much money Kilmarnock are spending by the end of July.

[Brazilian Villain]

Maybe he should invest in Sale Sharks instead.

[OCD]

Radcliffe is still aiming to win the 'Premiership'

He's a twat just for referring to it as The Premiership. That alone shows how out of touch he is.

[algy]

Jim Radcliffe of Man U summarizing why the rules need to favour the top 6 clubs

https://x.com/caseysean51/status/1806980899591840060?s=46

I think it's fair enough and says a lot about the man's integrity. It's great that he thinks the rules should work in our favour (finished 4th) rather than Manchester United's (finished 8th, so by definition not a top 6 club).

Good on him.

[eamonn]

Radcliffe is still aiming to win the 'Premiership'

It triggers Dave (Bath) no end, Radcliffe will be top of the irritants list now 😉

[lovejoy]

All an audit would show is the price paid for a player, and that that figure is paid. It wouldn't be an auditors job to conclude whether the price was paid was fair or not. How would somebody from PwC conclude whether Iroegbunam was worth £1m or £9m?

Not sure I agree. The auditors would be required to gain an understanding of how assets (financial, tangible or intangible) on the books are measured by management. They would do this by reference to models containing historical market data along with other inputs.

They would also inspect the audit trail of any sale or purchase transactions during the period. If they suspect that transactions occurred at unreasonably inflated prices, they would be expected to at least draw the attention of users of the financial statements to that conclusion in their report.

For example, if we paid £10m for Dobbin but the auditors decided his value was one tenth of that because management's models were flawed, they would need to flag the assumptions used and the impact on the accounts in the event they were wrong.

All of this is moot, however, for several reasons.

First, it's hard to imagine that the auditors were not sounded out by management for any potential objections beforehand.

Second, the fees are not a million miles away from others in the recent past (Chuck is always the good example).

Third, there is I believe an argument to say that FFP has changed the market and pushed up the price of young players anyway. There are, after all, willing buyers and we all agree that youth products are "gold" in this new system, i.e., relatively more valuable than amortisable players.

Lastly, there is a caveat. The ultimate arbitration lies with the PL, which is not held to accounting standards, of course.

But could the PL reasonably, legally, object to valuations considered acceptable under accounting standards? That would be explosive indeed.

That really is not the job of an Auditor and I think you are arguing with a Chartered Accountant.

The auditors are there to opine on whether the accounts as a whole are free from material misstatement not whether soecic transactions  pass the sniff test.

[Mister E]

Newcastle value Minteh (yeah, who???) at £33m. He was purchased just 12 months' ago for £6.5m and has played no Premier League football.
Hmmm. This valuation job ain't easy, is it?!!

[thick_mike]

Newcastle value Minteh (yeah, who???) at £33m. He was purchased just 12 months' ago for £6.5m and has played no Premier League football.
Hmmm. This valuation job ain't easy, is it?!!

Bloody Hell, you’re right. He hasn’t made an appearance since 2010!

[jwarry]

Jim Radcliffe of Man U summarizing why the rules need to favour the top 6 clubs

https://x.com/caseysean51/status/1806980899591840060?s=46

That is astonishing and needs widespread air play so even more people can hate the cheating fuckers