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Financial Fair Play

Bedfordspurs said:
Different FFP policy
Click to expand...

It's all flimflam though isn't it? Where is the "fair play" when it comes to PSG's finances? Bogus sponsorship deals or other such nonsense, they ain't buying Neymar and the like with money generated fairly by the club, but money pumped in one way or another by the owners. It's now reached a farcical level. Same goes for Emirates Marketing Project and formerly, Chelsea.

But clubs like QPR will get punished to the max for not obeying the letter of the law, even though it's clubs like PSG who are the very antithesis of financial fair play. No justice imo.

How can rules that govern championship teams be stricter than rules governing champions league teams? It's such nonsense.
 
the dza said:
It's all flimflam though isn't it? Where is the "fair play" when it comes to PSG's finances? Bogus sponsorship deals or other such nonsense, they ain't buying Neymar and the like with money generated fairly by the club, but money pumped in one way or another by the owners. It's now reached a farcical level. Same goes for Emirates Marketing Project and formerly, Chelsea.

But clubs like QPR will get punished to the max for not obeying the letter of the law, even though it's clubs like PSG who are the very antithesis of financial fair play. No justice imo.

How can rules that govern championship teams be stricter than rules governing champions league teams? It's such nonsense.
Click to expand...

Both are as guilty in spending money they don’t have, but PSG cook their books better

City are another that make me laugh. They advertise on the radio still for tickets available.... yet claim they sell out because they need the money
 
I don't get why people get so upset about FFP. The scheme has been put in place because the biggest clubs wanted and supported this. It is the perfect solution for the powerhouses of European football, ensuring that they will remain where they are, never being challenged by the annyoing noveau riche clubs. I don't see why club owners should not be free to take risks with or even waste their investments, as owners of any other type of business are free to do.
 
Paris Saint-Germain have contacted Philippe Coutinho's agent to say they are willing to pay a new world record fee of €270m to sign the Barcelona playmaker.
There has been no contact between the clubs but this is the same tactic PSG employed in tempting Neymar away from Catalonia.
PSG tried to sign Coutinho in January from Liverpool but the Brazil international had made a commitment to Barca. PSG also believe by signing Coutinho they will convince Neymar to stay in Paris. (Mundo Deportivo)
 
Financial Fair Play: QPR agree £42m settlement after breaking spending rules
By Andrew Aloia

BBC Sport

QPR have agreed a settlement of almost £42m with the English Football League after an arbitration panel dismissed the Championship club's claims that Financial Fair Play rules are unlawful.

The settlement includes a £17m fine, paying £3m of the EFL's legal costs and the agreement from club shareholders to write off £22m of outstanding loans.

QPR will also be under a transfer embargo for the January 2019 window.

It is believed the EFL have agreed to a payment schedule over 10 years.

The London club's case relates to breaking spending limits on their way to winning promotion to the Premier League in 2014, with QPR's wages of more than £75m making up 195% of their turnover of £38.6m.

The settlement was reached before QPR's appeal, which was heard on 2 July, against the panel of arbitration's ruling that FFP rules were both lawful and a fine of £41.965m was not disproportionate.

QPR chief executive Lee Hoos said that while they felt they had a "strong case for appeal", the settlement "is in the best interest of football as a whole".

"QPR felt it was best to put this matter behind them to enable all parties to have certainty and allow us to continue focusing on running the Club in a sustainable manner, going forward," Hoos added in a joint statement with the English Football League.

'Conscious of financial burden on QPR'
While the overall fine element, upheld by October's arbitral hearing, was vastly reduced, having QPR's owners agree to effectively write off £22m worth of outstanding debts by converting that amount into share capital will help strengthen the club's balance sheet.

The club's owners will not be able to redeem the £22m of share capital.

EFL chief executive Shaun Harvey said: "In agreeing to the settlement above, the board was conscious that the financial burden placed on the club had to be manageable, so as not to put its future in doubt when considering that after this season the club will no longer benefit from the promotion that was the catalyst for the dispute in the first place."

"The outcome vindicates the approach of the EFL board in defending the challenge to our rules."

Since relegation back to the Championship after just one season in the Premier League, QPR have reduced wage spending year on year, with the latest accounts from 2017 showing that 64% of their turnover was spent on wages.

However, they have made pre-tax losses of more than £17.4m in their first two seasons back in the second tier.

No part of QPR's settlement with the EFL will be taken into account in future calculations relating profitability and sustainability rules.
 
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