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Financial Fair Play

Re: O/T Financial Fair Play - Now Voted In By The Premier League

http://www.premierleague.com/en-gb/...ier-league-new-financial-rules-explained.html

The Premier League clubs on Thursday agreed in principle to a system of enhanced financial regulations, which are designed to further improve the sustainability of clubs.
Here is more information to the agreed regulations:

Long-Term Sustainability Regulation

From the 2013/14 season Premier League clubs cannot make a loss in excess of £105m aggregated across seasons 2013/14, 2014/15 and 2015/16.

Any club that makes a loss up to that limit will be subject to a tighter regulatory regime that includes:
- Secure owner funding for three years ahead
- Increased future financial information over the next three seasons.


Short-Term Cost Control Measure

Premier League clubs are restricted in terms the amount of increased PL Central Funds that can be used to increase current player wage costs to the tune of:

2013/14: £4m
2014/14: £8m
2015/16: £12m

The Short Term Cost Control measure applies only to clubs with a player wage bill in excess of £52m in 2013/14, £56m in 2014/15 and £60m in 2015/16.
 
Re: O/T Financial Fair Play - Now Voted In By The Premier League

Jordinho said:
It's more a product than a sport over there though. Leagues are closed shops and they need to stay competitive to draw and maintain fans' interest. There have been several attempts to launch leagues to compete with the NFL for instance. Then you have two businesses competing for the same market. The way football is structured across the globe that's not a possibility. Instead it's the clubs that compete for market shares. To make it comparable you'd have to let every city in the US that wants to have their own team. Then there would be 100+ franchises competing against each other in a tiered league system.
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Football is global, American sports are local. that much is true. and indeed, the draft system is only workable in a league without relegation and promotion. However, there is absolutely no reason why a limited lifting of American ideas can't benefit the English league system. Instead of searching for an American solution or a European solution, why no one in the higher circles at least considers the possibility of coming up with a new system that combines the best elements of the two is baffling.

The PL is fundamentally flawed, because it witholds the majority of money in English football from the lower leagues. That cannot be redressed; we helped create that genie, and now it won't go back into its bottle. But what we can do is make the system fairer, so clubs don't need to pray for some mythical 'white knight' to ride in and rescue them with tons of cash. We can make the system fairer ,so fans of clubs like City or Chelsea aren't constantly pilloried by every other fanbase for having won the lottery. Fairer.

In the end, acquiescence to any system is based on the legitimacy of that system, the consent of the governed, if you will. A system that promotes recklessness, blind luck, and the marginalizing and destruction of cautious or unfortunate clubs will never gain the legitimacy that it needs to stay afloat.

A more even system of distribution of PL TV money to the lower leagues would be a start. Increased parachute payments would be another step. One of the proposals put forward by the European Commission study yesterday, namely 'The establishment of a "fair play levy" on transfer fees beyond a certain amount to fund redistribution from rich to less wealthy clubs to restore some competitive balance', would be a good step to implement. A revoking of the ridiculous abolition of youth compensation tribunals would also help. An adoption of the '50 + 1' system the German clubs employ as a model of ownership would also be splendid. Financial fair play, wage caps, transfer caps...there are so many things English football needs to bring it back from this dark present where the only hope for clubs like Forest is to get a white knight owner (extremely rare), who then runs the club in a way that doesn't immediately relegate/mismanage/damage them (even rarer; see Tony Fernandes as an example of this), and manages to get them up to the top (almost impossible; how many newly promoted clubs have gone on to even finish in the top four, never mind win the title as Clough's Forest did?). The 'white knight' is an illusion, an almost impossible dream, fed to the smaller, unluckier clubs to keep them from challenging the system, and the disenfranchisement they and their fans face. It's like the lottery; a vast number (in fact, a majority, according to HRW) of the poorest folks in the UK buy a ticket every week, hoping to strike it rich. Only one in a million actually wins anything. But that hope of one day striking it big, and mixing with the aristocracy of the wealthy, is all that keeps them from doing something damaging to society in general, from resorting to crime as a way out of their predicament, a predicament caused by that very same economic system and society that now sells them lottery tickets.

Feed them a lie, keep them going.
 
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Re: O/T Financial Fair Play - Now Voted In By The Premier League

The six clubs that voted against it: Fulham, West Brom, Aston Villa, Emirates Marketing Project, Swansea, Southampton
 
Re: O/T Financial Fair Play - Now Voted In By The Premier League

Modric THFC said:
The six clubs that voted against it: Fulham, West Brom, Aston Villa, Emirates Marketing Project, Swansea, Southampton
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So CFC must have found some way to get around it as they have voted for it
 
Re: O/T Financial Fair Play - Now Voted In By The Premier League

Modric THFC said:
The six clubs that voted against it: Fulham, West Brom, Aston Villa, Emirates Marketing Project, Swansea, Southampton
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Fulham - Mohammed Al Fayed, rich owner, has been funding the club for years
City - Sheikh Mansour, no more needs to be said
Villa - Randy Lerner, funded massive splurges under O'Neill that put them so far in the red that they're now struggling to stay afloat.
Southampton - Nicola Cortese, rich owner, funded the purchases of Ramirez et al.

Why West Brom and Swansea voted against it, though, is baffling. Both are well run, sensibly managed clubs.
 
Re: O/T Financial Fair Play - Now Voted In By The Premier League

DubaiSpur said:
In sport. Capitalism in sport. Isn't sport something we used to do or watch when we wanted to get away from capitalism?

And if it really is true capitalism, I suggest you, and everyone else on this forum, buy a United, Madrid, Barca or Bayern jersey, and get to learning the words to 'Glory Glory Man United', because they are indubitably much, much more successful than us and thus deserve our patronage far more than relatively uncompetitive Tottenham do. Same thing applies (perhaps even more so) to the fans of clubs like Notts County, Wrexham and Dagenham and Redbridge; let them all go buy the 'product' offered by United.

Sports cannot be measured in purely capitalist terms, because it is neither rational, logical or possessed of the profit motive.
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Ha! Pass me the violin.
 
Re: O/T Financial Fair Play - Now Voted In By The Premier League

markysimmo said:
So CFC must have found some way to get around it as they have voted for it
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They're probably deluded enough to think that a new 60k capacity stadium will sort them out.
 
Re: O/T Financial Fair Play - Now Voted In By The Premier League

Jordinho said:
They're probably deluded enough to think that a new 60k capacity stadium will sort them out.
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Ahh yes Gourlay saying they have outgrown Shamford Bridge, the ground they have to advertise on all London radio shows and take out adverts in the written media to try and sell tickets for, also the one where they have no waiting list for a ST as well...
 
Re: O/T Financial Fair Play - Now Voted In By The Premier League

Spur of the moment said:
Ha! Pass me the violin.
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Pithy. When you register on RedCafe, do let the good people here know your username. On, and we're unbeaten against you this season. Good job signing Van Persie off the Goons, though, we're indebted to you fellows for that one. Hope you win the title, don't want to see City winning it. Glory, Glory Man United, and all that, eh?































What, you're still here? Why? We're uncompetitive, a fifth rate company in an industry dominated by one brand. Surely you owe it to yourself to switch over? It is the logical thing to do. after all, you don't see HP users sticking to their increasingly defunct computers because of brand loyalty; no, they're switching over to Apple and co. with all their might.

Go on, consumer, choose the best brand. Market competitiveness dictates you do so.
 
Re: O/T Financial Fair Play - Now Voted In By The Premier League

DubaiSpur said:
Pithy. When you register on RedCafe, do let the good people here know your username. On, and we're unbeaten against you this season. Good job signing Van Persie off the Goons, though, we're indebted to you fellows for that one. Hope you win the title, don't want to see City winning it. Glory, Glory Man United, and all that, eh?































What, you're still here? Why? We're uncompetitive, a fifth rate company in an industry dominated by one brand. Surely you owe it to yourself to switch over? It is the logical thing to do. after all, you don't see HP users sticking to their increasingly defunct computers because of brand loyalty; no, they're switching over to Apple and co. with all their might.

Go on, consumer, choose the best brand. Market competitiveness dictates you do so.
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You do make me laugh.

Because by your own logic, if anyone it's YOU who should be giving up Tottenham, a club that has consistently spent squillions over the decades, and going to the local park to watch unpaid footballers doing it for the love of the sport and nothing else on a Sunday morning.
 
Re: O/T Financial Fair Play - Now Voted In By The Premier League

Jordinho said:
They're probably deluded enough to think that a new 60k capacity stadium will sort them out.
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Now that they've been turned down in bids for the Battersea and Earl's Court sites, where exactly is left for them to build this beast?
 
Re: O/T Financial Fair Play - Now Voted In By The Premier League

Spur of the moment said:
You do make me laugh.

Because by your own logic, if anyone it's YOU who should be giving up Tottenham, a club that has consistently spent squillions over the decades, and going to the local park to watch unpaid footballers doing it for the love of the sport and nothing else on a Sunday morning.
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Some of us do both. My kids' games restore my faith.
 
Re: O/T Financial Fair Play - Now Voted In By The Premier League

Jordinho said:
...

Clubs whose total wage bill is more than £52m will only be allowed to increase their wages by £4m per season for the next three years, but the cap does not cover extra money coming in from increases in commercial or matchday income...
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So if we qualify for the Champions League and gain the extra revenues, we won't be able to spend the money on player wages?

That seems wrong.
 
Re: O/T Financial Fair Play - Now Voted In By The Premier League

why the difference?

The 20 teams will not be allowed to make a loss above £105m over the next three seasons, while from 2013-14 they must limit their player wage bills.
"If people break the £105m we will look for the top-end ultimate sanction range - a points deduction," said Premier League boss Richard Scudamore.

vs

The FFP allows only a £38m (45m euros) loss - significantly less than the Premier League's new limit of £105m between 2013 and 2016.

Also Investment in areas such as stadia and academies will be exempt which would be good i guess
 
Re: O/T Financial Fair Play - Now Voted In By The Premier League

jts1882 said:
So if we qualify for the Champions League and gain the extra revenues, we won't be able to spend the money on player wages?

That seems wrong.
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good point

23+FFP+Wages+Growth.jpg
 
Re: O/T Financial Fair Play - Now Voted In By The Premier League

jts1882 said:
So if we qualify for the Champions League and gain the extra revenues, we won't be able to spend the money on player wages?

That seems wrong.
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There are ways round that, though they aren't great for the club's finances.


Can convert the extra wages to a lump sum payment and give them it as a signing on fee.
 
Re: O/T Financial Fair Play - Now Voted In By The Premier League

jts1882 said:
So if we qualify for the Champions League and gain the extra revenues, we won't be able to spend the money on player wages?

That seems wrong.
Click to expand...

Wouldn't CL money be in addition to the PL money? We can do what we want with it.

Short-Term Cost Control Measure

Premier League clubs are restricted in terms the amount of increased PL Central Funds that can be used to increase current player wage costs to the tune of:

2013/14: £4m
2014/14: £8m
2015/16: £12m

The Short Term Cost Control measure applies only to clubs with a player wage bill in excess of £52m in 2013/14, £56m in 2014/15 and £60m in 2015/16.
 
Re: O/T Financial Fair Play - Now Voted In By The Premier League

So if we can get other money in besides Prem money, we can raise our wage bill as much as we like.

If that's true, no surprise Chelsea voted for it. I'm surprised City voted against.

Where's the control in blindingly obvious loophole

Maybe I'm misreading it, but if that's true FFP is a paper tiger indeed.
 
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