Matt_B
Well-Known Member
I imagine they are gambling that they will get promoted and thus only face a fine. It's a bit risk in this division.
Financial Fair Play
- Thread starter Foxes_Trust
- Start date
- Status
I imagine they are gambling that they will get promoted and thus only face a fine. It's a bit risk in this division.
Biffa Bacon
Well-Known Member
They are taking a punt but expect any team fined or embargoed to take out a restriction of trade legal case against the league. These regulations are far from secure and will eventually be tested in law.
The league/FA have minimal ability to control clubs and owners because they are not willing to risk losing court cases or having government regulation imposed, both of which are very real possibilities.
Hazzman
New Member
I think there's a lot of problems with FFP; inconsistent rules, advantage to relegated sides and whether it has any clout. The only case of a club actually being punished by the rules is Swindon and no legal case was forthcoming there.
However, it is also the necessary medicine to our club's debt.
However, it is also the necessary medicine to our club's debt.
bocadillo
Water Gypsy
Blue Maniac
Alzheimers sufferer
Would government interference not attract a FIFA ban?
Biffa Bacon
Well-Known Member
It depends what it actually covered and how it was implemented, FIFA only acts on direct intervention.
DesertFox
Well-Known Member
No Boc, it's ffp, do keep up.
bocadillo
Water Gypsy
Don't misunderstand me. I'm fully in support of ffp. If such principles had been upheld over the years, football would not be in its current state. My objection is of the need to go to law if you don't agree with the rules.
DesertFox
Well-Known Member
That was supposed to be clever pun on ffp, ffs!
When you have to explain a joke, you know it's a bad one...
bocadillo
Water Gypsy
DesertFox
Well-Known Member
Not as sorry as I am, now :icon_lol:
Blue Maniac
Alzheimers sufferer
Why wouldn't it?
M17TT C
Well-Known Member
Because it will probably be the start of an ever increasing sprial of it.
Kind of like pay-day loans.
drew
Active Member
I don't know, every year you fail to meet the FFP requirements could see a compounded amount accrue in fines alone against the turnover.
Foxes_Trust
Active Member
If you were being fined (and not transfer embargoed) it means you have been promoted to the Premiership, so that is the best chance of turning in profits despite the fine, as long as a club doesn't get carried away on players wages and grabs all commercial opportunities that arise
Foxes_Trust
Active Member
Forest's results in the 2011/12 season were a loss of £12.2m, just over FFP limits for that season (remember ours was £29.7m in comparison). Their wage bill had risen to £17.6m (ours was £27.7m for the same period).
We don't know what Forest's finances were like for season 2012/13. They would have allowed to lose £10m last year & meet FFP as long as the owners invested £6m. If they were closer to a break even state, then if their owners were willing to provide the maximum £5m investment allowed this season & they "aimed" for a £3m loss, they could still be meeting the FFP criteria with an £8m punt.
In our case, we were starting from a massive loss situation, based on 2011/12 figures, and while that loss should have reduced last season (having removed wages like Mills etc), there was still an apparent need to pump in £15.6m from the owners, it's a big shift for us to achieve FFP this season
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Chrysalis
Active Member
interesting viewpoint.
if a club is in a virtual embargo to try and comply with FFP, then the best option is to stick fingers up at FFP?
None of us unless privy to upto date finances know how away we are from FFP, the last disclosed figures are from the sven era.
Chrysalis
Active Member
what were these proposed changes?
- Status
Championship
| P | Pld | Pts | |
| 1 | Leicester | 46 | 97 |
| 2 | Ipswich | 46 | 96 |
| 3 | Leeds Utd | 46 | 90 |
| 4 | Southampton | 46 | 87 |
| 5 | West Brom | 46 | 75 |
| 6 | Norwich City | 46 | 73 |
| 7 | Hull City | 46 | 70 |
| 8 | Middlesbro | 46 | 69 |
| 9 | Coventry City | 46 | 64 |
| 10 | Preston | 46 | 63 |
| 11 | Bristol City | 46 | 62 |
| 12 | Cardiff City | 46 | 62 |
| 13 | Millwall | 46 | 59 |
| 14 | Swansea City | 46 | 57 |
| 15 | Watford | 46 | 56 |
| 16 | Sunderland | 46 | 56 |
| 17 | Stoke City | 46 | 56 |
| 18 | QPR | 46 | 56 |
| 19 | Blackburn | 46 | 53 |
| 20 | Sheffield W | 46 | 53 |
| 21 | Plymouth | 46 | 51 |
| 22 | Birmingham | 46 | 50 |
| 23 | Huddersfield | 46 | 45 |
| 24 | Rotherham Utd | 46 | 27 |
