03 Sep 2020 15:37:09
Can someone please explain the rules surrounding FFP? Chelsea have reportedly just spent 72.5 million on a player. Does ffp not apply to the big six! God forbid anyone gets too close to em and the FA will issue a heavy fine. Everton are throwing money at new signings . So are villa (again) even the S**t have bought players . Maybe because TV rights in China have been removed just in time for the season start maybe fosun are closing the cheque book? What's the point in heavy investment if when you get near to those same top six the FA have your pants down and throw one up ya! Thoughts?
{Ed002's Note - Chelsea are not in breach of FFP, they are simply spending money earned through sales. Aston Villa should be addressing their FFP issues, as should Everton. Wolves have already been punished and know what spending restrictions they have - but can still sell to buy like most clubs are doing (e.g. Liverpool).}
03 Sep 2020 15:47:10
Explain FFP again please. We need a proper accountant that can lose a bit of cash.
{Ed002's Note - He could do what Villa have done and sell the stadium.}
03 Sep 2020 16:40:02
Can you sell the stadium to a holding company Ed002? Just out of curiosity, I've no idea personally.
{Ed002's Note - That is what a number of clubs who have been in trouple with FFP have done but I would not recommend it.}
03 Sep 2020 17:07:07
Ffs don't let Jeff value it!
03 Sep 2020 17:36:16
I would agree with you Ed002, you can only do it once. Probably not a smart move.
04 Sep 2020 11:29:19
FFP - Financial Foul Play, introduced to keep the “big†Clubs in each Country in the qualifying positions for European competitions when less favourable Clubs we’re becoming a threat. Big Clubs buy and sell players at inflated transfer fees amongst themselves then unsettle players from other Clubs by offering the opportunity to play Champions League or Europa League football, get a pay rise and maybe win a trophy, all of which puts the selling Club in an impossible situation, as the player wants to leave (who can blame him) and the fee offered is usually not a true reflection of their value, until these unfair restrictions are scrapped and Clubs can spend what they like of THEIR OWN money the favoured Clubs will remain in their League within a League where the rest of us are not wanted or allowed to mount a serious challenge even. Then the powers that be tell you “ffp is for your own good to stop you overspending†no it’s not ffp is in place to stop you full stop. that’s my take on it anyway.
{Ed002's Note - Rubbish - you are simply bitter that Wolves have been punished for breaking the rules - as have numerous other sides.}
04 Sep 2020 14:54:05
I wouldn't even think of selling Molineux to a holding company. We'd probably end up selling it to Daniel Levy's holding company for £15 mil or maybe a straight exchange for the Spurs tea lady.
04 Sep 2020 14:45:39
Ed002 ffp is a very contentious issue I personally am not bitter about it though it has generated many news reports about its fairness. Martin Samuel in the Mail has written many articles on this subject. Very informative and well worth a read.
{Ed002's Note - It is only contentious with the sides who are unable to be financially responsible.}
04 Sep 2020 16:37:41
Agreed Ed002 but maybe as far as the ffp rules go it's a pity that for a balanced (intended) view debt should also be considered! I. e. Barcelona reported 700m debt Real, Man U. And so on.
{Ed002's Note - The ability to service debt has to be shown - which not all clubs can do.}