If this article is accurate and I'm reading it correctly, it looks to me that the accounts just published are out side of the scope of FFP (unless we get promoted?). Is that correct? http://www.financialfairplay.co.uk/financial-fair-play-explained.php Of course there is a good chance that the current season's accounts may be even worse depending on how losing Premier League money and the costs of the incoming players balances against the parachutes payments and reduced payroll because of all the players moved on or loaned out.
It starts after the end of next season, there's a legal challenge so it might not even start at all. This summer would be the time to load up on large transfer, low wages players like Austin and Philips and not get any more "frees" on massive wages like everyone else.
That is not how I read this article, so you reckon it is wrong or maybe FFP has been delayed (or I'm reading it incorrectly)?
If we go up, we don't get a FFP fine, that only happens from next season, hence it can't have started already unless they are taking several years accounts and working out the losses from there.
You can't punish a club for being relegated on Premier League wages when there is no wage ceiling or law with relegation clauses regarding wages. Believe Flyer is on to something, there must be a set time in which you can get your books in order after relegation. At earliest after your second season in the Championship.
There should be some kind for law that everyone who gets relegated gets wage cuts, 50% for people on more than 30k down to 10% for people on under 5k. That would help clubs immensely, the reverse could apply for promotion too but with the lower earners getting more money.
Good shout. European football or football in general has a lot to learn from American sports when it come to economy.
Players offered contracts will not sign them and their leeching agents will crap their pants at such rules. Other clubs will not put them into contracts and sign them up. Salary capping is the way forward, but football doesn't have the balls to put it in place!
I'm fairly sure that FFP did not apply in the Premier last season. This is why I've always thought that any potential losses would be shown in last seasons accounts & not this seasons.
Clubs in the relegation zone, and looking at the PL table now that surely means the bottom eleven clubs, find it hard to persuade players to join as things stand at present. A wage cut rule would make it well nigh impossible to attract decent players at all, although we could have benefitted from being even more unattractive to some we've become saddled with. I really don't think Remy for example would have signed a contract like that.
Fine, that would have saved us wasting money on him and he could have stayed where he was earning far less. It might also mean players signed on massive wages might put a shift in.
Some very good points - for me the key to attracting players in the future has to lie in performance related pay - the basic salary should be adequate (competitive) and affordable re FFP (if it is legally enforced after these challenges etc) .... but with loads of add-ons ... goals, consecutive goals, assists, clean sheets, consecutive clean sheets, player of the month, rounds of cup reached ... end of year bonus for league position... additional for promotion / european place ... that should still be attractive to the 'egos' .. they just have to back themselves ..
IMO FFP is not legally viable will go the same way as wage limits and payments for out of contract players. The only difference is that, unlike these other practices, it will never even get started.
Those are exactly the kind of contracts we were told we were moving to last summer. Be interesting to see the kind of deal Austin, Phillips and Simpson are on, they are the only ones we've signed staying beyond the end of the season.
How would players have played last season if they knew they'd have their wages reduced upon relegation?
