Having watched a special report on financial fair play on sky yesterday I feel very happy at the goings-on at our club. We don't have a massive overpaid squad (few exceptions) and we look to be living within our means. I think other clubs in the league should take note. I wonder how much thought the allams are giving this when offering contracts etc. Our foxy friends will be well and truly screwed with the money they have been throwing around
seems on a day to day basis that the intention at Hull City is laudable and morally correct, however, we are still £45 million in debt (are we?)
So does that therefore mean that Man Utd, Man City and Leicester for instance are not in debt either? Oh to understand the finances in more detail!!!!!!
Man United are massively in debt, but generate enough income to service that debt, Man City have owners so wealthy that they don't really have any concept of debt and are happy to write off any losses they make in the name of success and Leicester are trying to do the same on a smaller scale. I really don't know why you're so bothered by it, we are perfectly fine, our owner has put in a load of money, it's his money, if the club can afford it then it will pay him back over time, if it can't, it won't. It's not like a bank debt that can be called in, he can't recall his own money if his own company can't afford it, it's all a complete non-issue.
From what I understand your expenditure has to be less than your income. So clubs like Man Utd and Liverpool who have a good franchise world wide will do a lot better than Man City, Chelsea and even Leicester. And having a massive wage bill and debt to service will see many clubs struggle to meet these demands. What the penalties will be are still unknown. Man City did just sell the naming rights to their stadium for £400m so who is to say what is legitimate. It might get to the stage were sister companies are buying advertising boards for millions just to boost turnover.
What haoppens when Man City owners decide they dont want to run the club anymore? They go out of business?
Man Citys owners, or any other wealthy owner, can just pay their club a stupid amount of money in sponsorship which in theory will balance the books...
UEFA say not, they're looking to close the loop-holes that allow wealthy owners to generate massive income from themselves, with dodgy sponsorship deals.
UEFA say a lot of things. There is no way it will be as tight as it should be. Man City, Chelsea, and numerous others wouldn't survive.
They should just make wage (bonuses included) and transfer caps for competitions. If anyone breaks that cap, they can't play in that competition, simples.
If they had the balls there are several things they could do. As OLM says 'they're looking to close the loopholes' who's stopping them? It's their loophole surely they can't just change it when they want! But no not UEFA, they have much more pressing matters...
I think my idea would work so long as uefa have power to influence rules in domestic leagues. Even so, it could work with top clubs anyway barring them from playing silly money players in the champions league and uefa cup.
One thing I didn't realise until these rules were being discussed, was that Barca and Real Madrid receive three times the TV money that the English clubs get(£50m each in England/£150m each in Spain), as in England the money is fairly evenly split across the league, whereas in Spain, the teams negotiate their own rights and the top two get more then the rest of the league combined.
