Financial fair play ?

The Forum for all football-related discussion, including West Ham United FC. Our busiest Forum and the place to begin if you're new to KUMB.

Moderators :  -DL-, Rio, the pink palermo, bristolhammerfc, chalks, Gnome, last.caress, Wilko1304

Post Reply
Billy Bonds boots
Posts: 1137
Joined: Thu Sep 05, 2019 10:24 am
Has liked: 6 likes
Total likes: 19 likes

Financial fair play ?

Post by Billy Bonds boots » Tue Aug 17, 2021 9:01 am

Now I can never get my head around this rule but it seems to me the more back handers that ate handed out the more you get away with, rumours today are that aubameyang is of to Barcelona who yesterday came out that they are 1.15 billion in debt how can teams like this get away with it and others don't.
Every clubshouid have a certain transfer and wage cap including wages and then we wouid see who the great managers really are. :newthumb:

User avatar
Hummer_I_mean_Hammer
Posts: 9334
Joined: Mon Jan 12, 2009 9:45 pm
Has liked: 370 likes
Total likes: 164 likes

Re: Financial fair play ?

Post by Hummer_I_mean_Hammer » Tue Aug 17, 2021 9:19 am

All about the global branding and the money that goes with it.

So it will never happen, (FIFA / UEFA) Some of these must be on a proper decent wedge, so why rock the boat?

User avatar
Tristan Shout
An unhealthy interest in "Dogging"
Posts: 4048
Joined: Mon Nov 03, 2008 3:54 pm
Location: Careful what you wish for
Has liked: 2 likes
Total likes: 30 likes

Re: Financial fair play ?

Post by Tristan Shout » Tue Aug 17, 2021 11:17 am

FFP only applies to smaller clubs, or unscrupulous owners like ours use it as an excuse to not spend any money, rich clubs just spend as they wish as it doesn't apply to them

User avatar
jastons
Posts: 9688
Joined: Fri May 07, 2004 7:23 am
Location: Here
Has liked: 252 likes
Total likes: 251 likes

Re: Financial fair play ?

Post by jastons » Tue Aug 17, 2021 11:48 am

Is FFP based on cash flow rather than debt? So as long as Barcelona can meet their repayments then it's OK?

User avatar
fjthegrey
Posts: 21374
Joined: Mon Apr 14, 2008 3:35 pm
Location: Ayakin
Has liked: 4 likes
Total likes: 303 likes

Re: Financial fair play ?

Post by fjthegrey » Tue Aug 17, 2021 11:50 am

A good excuse if you don't want to spend.

Not a restriction if you do though.

User avatar
The Collector
Posts: 5766
Joined: Wed Jan 14, 2004 11:59 am
Location: The Misty Isle
Total likes: 6 likes

Re: Financial fair play ?

Post by The Collector » Tue Aug 17, 2021 11:54 am

I often wonder if something like the US gridiron draft system would work, where the less successful teams get first dibs on players. But, can you imagine a young Lionel Messi being told that he’s playing for Accrington Stanley rather than Barcelona.

User avatar
WestHamLyallStyle
Posts: 3132
Joined: Thu Apr 23, 2020 7:24 am
Has liked: 274 likes
Total likes: 199 likes

Re: Financial fair play ?

Post by WestHamLyallStyle » Tue Aug 17, 2021 12:34 pm

We all know football is something of a farce nowadays but the big boys can spend what they like as it’s never stopped the so-called ‘ also rans ‘ giving them a bloody nose once in a while. West Ham are testament to that.

User avatar
Up the Junction
Thinks he owns the place
Posts: 65417
Joined: Wed Dec 04, 2002 12:03 am
Has liked: 147 likes
Total likes: 749 likes

Here we go again

Post by Up the Junction » Fri May 20, 2022 4:51 pm

It's like 2007 all over again... Leeds and Burnley threaten legal action re Everton's finances.

https://www.thetimes.co.uk/article/leed ... -ptttlj9fc

User avatar
Shabu
Posts: 4614
Joined: Thu Jul 23, 2020 6:38 am
Location: San Diego, CA
Has liked: 826 likes
Total likes: 293 likes

Re: Here we go again

Post by Shabu » Fri May 20, 2022 5:05 pm

Leeds fan Nick Faldo and Burnley fan Snoop Dogg are marching on Downing Street & have prepared a scary Haka to force Boris into action.

Boris, being a man of the people, is ahead of the curve.....

Image
Image
Image

User avatar
Hummer_I_mean_Hammer
Posts: 9334
Joined: Mon Jan 12, 2009 9:45 pm
Has liked: 370 likes
Total likes: 164 likes

Re: Here we go again

Post by Hummer_I_mean_Hammer » Fri May 20, 2022 5:27 pm

If they were to challenge and lose, could we counter sue?

I am joking of course

Wormley The 2nd
Posts: 331
Joined: Wed Jan 19, 2022 2:19 pm
Has liked: 96 likes
Total likes: 39 likes

Re: Here we go again

Post by Wormley The 2nd » Fri May 20, 2022 5:35 pm

Have they actually got any 'celebrity' (barf) fans to help them fight the cause?

User avatar
Hummer_I_mean_Hammer
Posts: 9334
Joined: Mon Jan 12, 2009 9:45 pm
Has liked: 370 likes
Total likes: 164 likes

Re: Here we go again

Post by Hummer_I_mean_Hammer » Fri May 20, 2022 5:40 pm

Wormley The 2nd wrote:
Fri May 20, 2022 5:35 pm
Have they actually got any 'celebrity' (barf) fans to help them fight the cause?
They have Prince Charles and Norris from Coronation Street , so given the royal connotations, I can see them get something.

DenziMart
Posts: 187
Joined: Wed May 26, 2021 5:40 pm
Has liked: 1 like
Total likes: 26 likes

Re: Here we go again

Post by DenziMart » Fri May 20, 2022 5:51 pm

Does look like Everton have been cooking their books and do have something to answer to.
But since when has the Premier League been a level playing field?
Loan for £1.5bn written off, clubs selling stadiums to themselves for over inflated prices, some very questionable sponsorship deals, some interesting accounting when it comes to player values etc. etc.
Frankly, it's all corrupt and Everton are just one of many who are benefitting financially by bending and breaking the rules.

User avatar
bubbles1966
Posts: 57591
Joined: Sun Apr 29, 2007 10:01 pm
Location: The man who put the ram in the rama lama ding dong
Has liked: 418 likes
Total likes: 836 likes

Re: Here we go again

Post by bubbles1966 » Fri May 20, 2022 6:23 pm

I'm not sure of the ins and outs but we know from bitter experience how these things can go.

Didn't Mykolenko - signed in January - score a critical goal a week or two ago?

Roll out Henry Winter and a typical judge and ask why they haven't been subject to transfer embargo....

It ends up with £50m-£75m in compensation to whoever goes down. They have a precedent to call on.

User avatar
Colours never run
Posts: 18498
Joined: Wed Feb 18, 2015 1:46 am
Location: "Be in no doubt, we are part of the most successful stadium migration in history"
Has liked: 509 likes
Total likes: 204 likes

Re: Here we go again

Post by Colours never run » Fri May 20, 2022 6:31 pm

Right ok, who do we have to write the £30m cheque out too this time... 📝

User avatar
DaveWHU1964
Posts: 13704
Joined: Thu Mar 08, 2012 10:14 am
Has liked: 274 likes
Total likes: 267 likes

Re: Here we go again

Post by DaveWHU1964 » Fri May 20, 2022 6:39 pm

Isn’t it nice not to be involved in this **** this time around.

(We’re not are we? 😐).

User avatar
bubbles1966
Posts: 57591
Joined: Sun Apr 29, 2007 10:01 pm
Location: The man who put the ram in the rama lama ding dong
Has liked: 418 likes
Total likes: 836 likes

Re: Here we go again

Post by bubbles1966 » Fri May 20, 2022 7:32 pm

https://www.bbc.co.uk/sport/football/61529371

Everton's covid explanation is clearly bull****.

They take about £15m a year at the gate.

Online
User avatar
Johnny Byrne's Boots
Posts: 26095
Joined: Mon Jun 05, 2006 5:19 pm
Location: Care home dodger
Has liked: 310 likes
Total likes: 469 likes

Re: Financial fair play ?

Post by Johnny Byrne's Boots » Fri May 20, 2022 7:40 pm

Leeds & Burnley threaten legal action against Everton and Premier League
Leeds and Burnley are threatening legal action against Everton and the Premier League over the handling of the club's finances.

Both clubs wrote to the league last week regarding Everton's most recent accounts which showed losses of £120.9m for the 2020-21 season.

They have posted losses of £372m over the past three years.

League profitability and sustainability rules allow for losses of £105m over a three-year period.

But Everton say that Covid-19 losses over the past two seasons amount to £170m.

That figure has caused surprise among some Premier League teams because it dwarfs clubs of a similar size.

Earlier this week, Newcastle posted Covid-19 losses of £40m over the past two seasons, while Aston Villa said theirs amounted to £56m.

more...
[popcorn thingy]

User avatar
Kludgehammer
Posts: 8955
Joined: Thu Dec 05, 2002 12:33 pm
Has liked: 49 likes
Total likes: 78 likes

Re: Financial fair play ?

Post by Kludgehammer » Fri May 20, 2022 7:49 pm

Um... so if Covid was 170m, then Everton were a mere 97m over the 105m limit?

I suppose it's too much to hope for a points deduction

User avatar
Hammer Matty
Posts: 2347
Joined: Wed Apr 07, 2010 6:56 pm
Has liked: 6 likes
Total likes: 24 likes

Re: Financial fair play ?

Post by Hammer Matty » Fri May 20, 2022 7:58 pm

Having read a bit into it, I don’t see how Everton aren’t bang to rights? Maybe Leeds and Burnley have a case?

Post Reply