Erm.......Sorry but OLM is correct. The loophole is going to be closed (FIFA) and will show that all income has to come from outside of the club. It will be legal once FIFA amend the rules.
I'm being really lazy as I haven't read the full details but could anyone say how it would apply to a new owner? Assuming a chairman decided to try and bend the rules and amongst other things loaded up players promotion bonuses, but it all went tits up and left them in the state we were in. Would the incoming chairman get dispensation to do what Dr Allam has? If so, will measures be in place to make sure it IS a new chairman and not the old one in a different jacket (ala Bates)?
25 players earning a combined £1.65 million between them, and any further players on top of that who play in a season earning about £25k for the year, with a further £100k per club allowed for England Internationals. It's basically enforced the way you've described it, it's the rules of the competition you've signed up to. Another example would be a suspended player not being able to pick up his appearance fee because he's suspended. Technically it's a restraint of trade, since the NGB are saying he can't earn it that week, but the rules of the competition are set out at the start of the season. On the losses, my bad, I read the years in the accounts the wrong way round, we lost £6.83million in 2010, in 2011 we lost £20.41Million.
But that's not enough to challenge it in court. Fortunately we've been aiming at break even from next season anyway so our plans should be unaffected. If anything I'd say the fact they've announced we can lose money for the next 3 seasons could see our budget increased. If since the start of January we became aware that it was going to be voted on for next season the Allams may have decided to withdraw any additional funding they were going to put in just in case they set a zero limit on it. I know it sounds weird, but any spending in January would have been costing us for a few years. They might now make some of that money available. Looking at next season when we're due to break even Ghilas, Olofinjana, and McShane I think are about £3.5M total cost. If we offloaded them for free (before the end of July) and signed free transfer players on the same wages the wage cost would be the same, but for the accounts we'd make a profit of nearly £2M so within the rules that could be redistributed. (We'd add £2M to our costs for this season instead so it wouldn't be a real profit, but would allow us to manipulate the figures for the FFP calculations) But they could, which is where a legal case would fail in a restriction of trade argument.
No, the club can lose £6M for the year, whether that's through spending on transfer fees or high wages that's up to them.
If you can lose up to £6M a year (year after year) that won't be enough of a restriction to stop larger certain clubs spending 'big' by Championship standards to get out the Championship into the PL.
It reduces over time so that eventually you're not allowed to make any loss. It's so that clubs that are stuck with players on big wages (eg us with Ghilas, McShane, and Olofinjana) aren't handicapped by contracts that are already in place.
in reality Allam Marine has seen profits rise 40% since taking over hull city. more than pays for the supposed 51m
The only way Allam Marine can make any profit out of association with Hull City is if they sell them some diesel generators. Otherwise don't see any connection.
Ah, so that's why they've let the pitch get into such a horrible state! Make us beg for some hydroponics powered by a big diesel engine.
The fair play rules are sort of good, but in a way it's blatantly a way of keeping the poor poor and the rich rich.
Hull City predicted an 8m loss for this season. If we do not off load this year we could face penalties. The reason behind the cut backs at the KC offices is surely to do with future compliance and not because of a lack of willingness to fund the club. There will be a flood of players into the Market place this summer. Transfer fees and wages will reflect that and be reduced. Combined with the PL squad number capping, these actions will see a change in the overall levels of player wages. This does mean that players could find themselves out of work and having earlier retirements. In five years time the average age of a Championship team could be 20. As younger cheaper players come in from the expanded youth system. The days of 30+ players could be over
