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Post by galpharm2400 on Dec 15, 2014 22:18:51 GMT 1
clubs should be able to spend whatever they like over and above ffp rules on the legal understanding that not one penny of that debt is assigned to the club itself and it cannot ever be used in the sale of the club to recoup that 'investment' for the owner(s)..should the club be sold it can only be sold for the amount that ffp rules value it at..
see how many want to spend a fortune that in all reality they probably wont get back..try and find someone daft enough to buy the club , its debts and a shitload of private debt?? hard one..
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Post by Sugy , Paignton Devon Terrier on Dec 15, 2014 22:30:11 GMT 1
Would be very interesting to see how many other championship chairman were willing to take such a gamble similar to the one above.
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Post by SaudiTerrier on Dec 15, 2014 22:52:16 GMT 1
Well.. only 3 clubs and it doesn't even seem like it'll have much effect but ah well
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Post by Deleted on Dec 15, 2014 23:14:47 GMT 1
Football in the top 2 divisions is no more than a Corporate gamble in many cases. Football has lived in a bubble for donkeys yrs, the City of London & big Corporate Business has lived in a bubble for decades and has therefore had the money to hire tax avoidance lawyers...
The time for the little man in this country and beyond has long since gone. Only until you see people truly abiding by the rules will you see a level playing field & whilst we see our club as being well managed there will be clubs below us who feel equally annoyed & feel we have an owner who is bordering on the edge of the rules...
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Post by Deleted on Dec 15, 2014 23:23:20 GMT 1
Football in the top 2 divisions is no more than a Corporate gamble in many cases. Football has lived in a bubble for donkeys yrs, the City of London & big Corporate Business has lived in a bubble for decades and has therefore had the money to hire tax avoidance lawyers... The time for the little man in this country and beyond has long since gone. Only until you see people truly abiding by the rules will you see a level playing field & whilst we see our club as being well managed there will be clubs below us who feel equally annoyed & feel we have an owner who is bordering on the edge of the rules..Agree with this. It's a bit like tax; everyone thinks someone else should be paying more. It was all very well when Hoyle's beneficence allowed us to outspend clubs in our division by a factor of ten. The real evil is the lure of TV money. There's some good ideas in this thread - G2400's idea about preventing the leveraging of debt on clubs for instance - but they all require either primary legislation or for half the league to be willing to shoot themselves in the foot. Neither is likely at the moment. Football's lower league crisis remains a few years away.
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Post by Deleted on Dec 16, 2014 12:22:04 GMT 1
Huddersfield Town ?@htafcdotcom 12m12 minutes ago Some #FFP news involving #htafc coming on htafc.com during the next half an hour - stay tuned (DTS)
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Post by hxfiver on Dec 16, 2014 13:11:20 GMT 1
Bournemouth also received a huge fee for Grabban whom they sold to Norwich in the summer. I understood these results were for the 2013/2014 season. Surely any money from both the Grabban and Lallana deals would come into plain in 2014/2015? I may be wrong of course! They, Bournemouth, paid £2.5m for Rantie last season which was their first in the Championship. They strengthened considerably as I remember. I would expect them and other clubs to have failed FFP and further announcements of embargoes to follow.
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Post by pieeater on Dec 16, 2014 13:15:19 GMT 1
clubs should be able to spend whatever they like over and above ffp rules on the legal understanding that not one penny of that debt is assigned to the club itself and it cannot ever be used in the sale of the club to recoup that 'investment' for the owner(s)..should the club be sold it can only be sold for the amount that ffp rules value it at.. see how many want to spend a fortune that in all reality they probably wont get back..try and find someone daft enough to buy the club , its debts and a shitload of private debt?? hard one.. It's an interesting idea, but I can't see how you'd possibly enforce that. Firstly, I don't believe FFP puts a value on the club per se - for sure it makes the turnover levels, balance sheet position etc a bit more transparent, but the value of a club in a sale context is what that the seller and the buyer agree it to be, no more than that. You could, I suppose, say that the value of a club is X times turnover, but football clubs are companies subject to the law of the land just like any other, and I can't help feeling the courts could easily have something to say about skewing deals in that way. The central problem is, as people have mentioned, that the League is the clubs and the clubs are the League. So the only way that any penalties, whether points deductions, relegations, fines, transfer embargoes or whatever, will be imposed is if a majority of clubs feel it is in their interests to do so. No wonder it's hard to get anything done!
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Post by Sugy , Paignton Devon Terrier on Dec 16, 2014 13:56:46 GMT 1
clubs should be able to spend whatever they like over and above ffp rules on the legal understanding that not one penny of that debt is assigned to the club itself and it cannot ever be used in the sale of the club to recoup that 'investment' for the owner(s)..should the club be sold it can only be sold for the amount that ffp rules value it at.. see how many want to spend a fortune that in all reality they probably wont get back..try and find someone daft enough to buy the club , its debts and a shitload of private debt?? hard one.. It's an interesting idea, but I can't see how you'd possibly enforce that. Firstly, I don't believe FFP puts a value on the club per se - for sure it makes the turnover levels, balance sheet position etc a bit more transparent, but the value of a club in a sale context is what that the seller and the buyer agree it to be, no more than that. You could, I suppose, say that the value of a club is X times turnover, but football clubs are companies subject to the law of the land just like any other, and I can't help feeling the courts could easily have something to say about skewing deals in that way. The central problem is, as people have mentioned, that the League is the clubs and the clubs are the League. So the only way that any penalties, whether points deductions, relegations, fines, transfer embargoes or whatever, will be imposed is if a majority of clubs feel it is in their interests to do so. No wonder it's hard to get anything done! The fair play rules were introduced to stop clubs finding themselves in financial trouble especially when a gamble went terribly wrong. Everybody involved with Huddersfield Town has had a taste of this, and could have so easily resulted in liquidation. I have nothing against wealthy chairman spending vast ammounts of money on players providing they abide by any new rules that were introduced , and were also prepared to write off any" overspending " debts against the club if the gamble did not pay off.
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Post by htafcjack on Dec 16, 2014 14:50:47 GMT 1
am i right in saying that the figures clubs gave the fl are from 2013/14 not this season? Thats what i thought it was, thats why i wasn't surprised that b'mouth didn't get done?
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Post by htafcjack on Dec 16, 2014 14:53:32 GMT 1
am i right in saying that the figures clubs gave the fl are from 2013/14 not this season? Thats what i thought it was, thats why i wasn't surprised that b'mouth didn't get done? Someone beat me to it oops
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Post by Sugy , Paignton Devon Terrier on Dec 16, 2014 16:34:14 GMT 1
am i right in saying that the figures clubs gave the fl are from 2013/14 not this season? Thats what i thought it was, thats why i wasn't surprised that b'mouth didn't get done? Someone beat me to it oops Bournemouth might get a big fine next season when" most likely" in the premier league. Taking into consideration the proposed Q P R and Leicester fines , it seems Bournemouth are yet another club who could afford to pay a similar fine with the £120 million +promotion honey pot gained for cheating..
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Post by Deleted on Dec 16, 2014 17:20:40 GMT 1
First we are family club of the year,now we win the spending award
I can't contain myself
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Post by stevvy on Dec 16, 2014 18:09:16 GMT 1
Someone beat me to it oops Bournemouth might get a big fine next season when" most likely" in the premier league. Taking into consideration the proposed Q P R and Leicester fines , it seems Bournemouth are yet another club who could afford to pay a similar fine with the £120 million +promotion honey pot gained for cheating.. Very true, a £40m fine for example is nothing compared to the tv money for 1 season plus increased commercial revenue plus a few years of parachute payments. It's why clubs are happy to overspend as they know any fine would be a drop in the ocean compared to the money they'd rake in from everything else if they got promoted. It's only if you splash the cash and keep failing to get promoted that you're really going to be screwed.
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Post by Solid Snake on Dec 16, 2014 19:50:59 GMT 1
"So you want to be a pirate eh? You look more like a flooring inspector".
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Post by impact on Dec 16, 2014 22:43:19 GMT 1
Bournemouth spent over £3.5m on transfers last season. For them not to have gone over the £8m allowed they must have had a small wage budget. I guess a 86k loss per week isn't impossible.
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Post by kosi on Dec 19, 2014 21:44:39 GMT 1
Blackburn - £42m loss!!!
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Post by kennyk2 on Dec 21, 2014 11:39:45 GMT 1
Am I right in thinking that if Dean Hoyle wants to rip up the plan of making this club sustainable, he can throw quite a bit more money at the club with the watering down of FFP rules?
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