Financial Fair Play

Jeff · Feb 21, 2018

Press release:

The EFL and the Club have reached an agreement to settle a dispute between them, arising out of the financial results of the Club in 2013/14.

The Club was deemed to have breached the EFL’s Championship Financial Fair Play Rules (“the Rules”) at the time, but proceedings were stayed pending the outcome of a legal challenge by Queens Park Rangers against those Rules. That challenge by Queens Park Rangers is on-going.

In reaching a settlement, the EFL acknowledges that the Club did not make any deliberate attempt to infringe the Rules or to deceive and that the dispute arose out of genuine differences of interpretation of the Rules between the parties. All relevant matters were taken into account when determining the quantum of the settlement.

The agreed settlement of £3,100,000 is in full and final settlement of all and any claims by the EFL against the Club and its officers, in respect of the FFP Regulations for season 2013/14.

No further details with regards to the settlement will be released.

homer · Feb 21, 2018

Boooooo, dirty cheats..........

bloo · Feb 21, 2018

Phew! Got out of that one

Tbh, I'd forgotten all about it.

jb5000 · Feb 21, 2018

Jeff said:
Press release:

The EFL and the Club have reached an agreement to settle a dispute between them, arising out of the financial results of the Club in 2013/14.

The Club was deemed to have breached the EFL’s Championship Financial Fair Play Rules (“the Rules”) at the time, but proceedings were stayed pending the outcome of a legal challenge by Queens Park Rangers against those Rules. That challenge by Queens Park Rangers is on-going.

In reaching a settlement, the EFL acknowledges that the Club did not make any deliberate attempt to infringe the Rules or to deceive and that the dispute arose out of genuine differences of interpretation of the Rules between the parties. All relevant matters were taken into account when determining the quantum of the settlement.

The agreed settlement of £3,100,000 is in full and final settlement of all and any claims by the EFL against the Club and its officers, in respect of the FFP Regulations for season 2013/14.

No further details with regards to the settlement will be released.

Turns out you really can buy promotion, and that it's surprisingly cheap

frankw · Feb 21, 2018

We have squeezed through that one I think. I cannot see how the suppose shirt sponsorship deal was a genuine third party transaction. I am, however, glad to see it over and done with even though I would have hoped not to see it brought up again in my lifetime as it would mean that we have been relegated

City Fan · Feb 21, 2018

“Genuine differences of interpretation”

In other words we found a loophole and exploited the shit out of it.

pork pie fox · Feb 21, 2018

EFL get a little bit (in relative terms).

We get an acknowledgement that we didn’t break any rules (just bent them as far as possible).

Both sides hope it all goes away now.

Brown Nose · Feb 21, 2018

Either way you look at this, it's a joke decision.

The FFP rules are stupid and, in my view, contrary to fair competition. If I were the owners, I would have challenged this case in court. It's a nonsense. This appeared to be the club position until recently too. Our last accounts commented as follows:

For some reason, we've done a 180 degree turn on this position. Possibly because the FL have offered us the deal we've decided to take when we've weighed this against likely legal fees and thought 'oh, go on then'.

If you do accept the FFP rules (as our club have now done), this fine is also ridiculous. Remember that we utterly fiddled things that season (see the attached for a simple summary: https://www.theguardian.com/footbal...ball-league-financial-fair-play-investigation).

At the very least, and this is accepting our absurd accounting, we owe £13m. In reality, it is likely to be at least £30m. Our example to all other clubs is clear; it pays to flout the rules.

What a mess. The FL come out of this looking like spineless fools while we're either liars or incompetent or both.

fitz · Feb 21, 2018

It's like being sent to your room for being a little shit. Still get to play on your Mega Drive.

Micky · Feb 21, 2018

Do males or females get the final say here?

City Fan · Feb 21, 2018

Micky said:
Do males or females get the final say here?

Maybe that token Chief Exec Susan Whelan.

camberwell fox · Feb 21, 2018

Brown Nose said:
Either way you look at this, it's a joke decision.

The FFP rules are stupid and, in my view, contrary to fair competition. If I were the owners, I would have challenged this case in court. It's a nonsense. This appeared to be the club position until recently too. Our last accounts commented as follows:

For some reason, we've done a 180 degree turn on this position. Possibly because the FL have offered us the deal we've decided to take when we've weighed this against likely legal fees and thought 'oh, go on then'.

If you do accept the FFP rules (as our club have now done), this fine is also ridiculous. Remember that we utterly fiddled things that season (see the attached for a simple summary: https://www.theguardian.com/footbal...ball-league-financial-fair-play-investigation).

At the very least, and this is accepting our absurd accounting, we owe £13m. In reality, it is likely to be at least £30m. Our example to all other clubs is clear; it pays to flout the rules.

What a mess. The FL come out of this looking like spineless fools while we're either liars or incompetent or both.

It would be incredibly naive to expect or anticipate a company to do anything in this position other than to maximise its profit and minimise its exposure.

We have done so very well imo.

Blue Maniac · Feb 21, 2018

Brown Nose said:
Either way you look at this, it's a joke decision.

The FFP rules are stupid and, in my view, contrary to fair competition. If I were the owners, I would have challenged this case in court. It's a nonsense. This appeared to be the club position until recently too. Our last accounts commented as follows:

For some reason, we've done a 180 degree turn on this position. Possibly because the FL have offered us the deal we've decided to take when we've weighed this against likely legal fees and thought 'oh, go on then'.

If you do accept the FFP rules (as our club have now done), this fine is also ridiculous. Remember that we utterly fiddled things that season (see the attached for a simple summary: https://www.theguardian.com/footbal...ball-league-financial-fair-play-investigation).

At the very least, and this is accepting our absurd accounting, we owe £13m. In reality, it is likely to be at least £30m. Our example to all other clubs is clear; it pays to flout the rules.

What a mess. The FL come out of this looking like spineless fools while we're either liars or incompetent or both.

So this is like a balance between two extremes. Almost as if it were a compromise of two opposing positions. What madness.

Feriol · Feb 21, 2018

The size of the settlement suggests we were in a stronger position.

TornadoShaunUK · Feb 22, 2018

To be fair it's not like we're the only club that's done it. Bournemouth were find over £7m for the same thing in the following season, numerous Championship clubs have suffered transfer embargoes and if you ask me, Wolves will like either face one or the other depending whether they go up or not this season too. Not to mention the QPR fiasco that is still ongoing. Some clubs will chance it, a transfer embargo is hardly a big punishment if they don't go up and a £3-7m or so fine is nothing compared to the £100m pay day for reaching the Premier League.

fox58 · Feb 24, 2018

http://dailycannon.com/2018/02/arsenal-champions-leicester-stripped-15-16-title/

Clutching at straws me thinks

fitz · Feb 24, 2018

fox58 said:
http://dailycannon.com/2018/02/arsenal-champions-leicester-stripped-15-16-title/

Clutching at straws me thinks

They won it in the February anyway.

bocadillo · Feb 24, 2018

fox58 said:
http://dailycannon.com/2018/02/arsenal-champions-leicester-stripped-15-16-title/

Clutching at straws me thinks

If we shouldn't have been in the Prem, I would suggest that all points gained in games against us should be deducted. I think that would have given spurts the title. Arsenal fans should consider their position before opening their mouths.

give_us_a_wave · Feb 26, 2018

What a load of old cock. The league have decided that it's unlikely they'll have any jurisdiction over us any time soon so have taken the token payment. Hard to have any real sympathy for them in all honesty.

Their incompetence, complacency & general two-bobbery are what led to the creation of the PL in the first place & resulted in them going from the dominant power in the English game to a pile of shite in no time flat.

At least if we get relegated next season we can give them two fingers the season after. Should probably have that as the new club badge actually.

FOX Franks · Feb 28, 2018

fox58 said:
http://dailycannon.com/2018/02/arsenal-champions-leicester-stripped-15-16-title/

Clutching at straws me thinks

What an unusual article, and complete load of horse shit.

P		Pld	Pts
1	Ipswich	43	89
2	Leicester	42	88
3	Leeds Utd	43	87
4	Southampton	42	84
5	West Brom	43	72
6	Norwich City	43	71
7	Hull City	42	65
8	Coventry City	42	63
9	Middlesbro	43	63
10	Preston	43	63
11	Cardiff City	43	59
12	Bristol City	43	58
13	Sunderland	43	56
14	Swansea City	43	53
15	Watford	43	52
16	Millwall	43	50
17	Blackburn	43	49
18	Plymouth	43	48
19	QPR	43	47
20	Stoke City	43	47
21	Birmingham	43	45
22	Huddersfield	43	44
23	Sheffield W	43	44
24	Rotherham Utd	43	23

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