Interesting as some of you were moaning when Fergie and Gill said the same thing. Glad everythings changed though
FFP is a joke if PSG and City don't get punished. A French joke at that. For starters, it's set up all wrong. Henry must hate it being an American. They should only look at shady capital injection. Nevermind the bottom-line loss/profit amount - that's only collateral to what's been fed in upstream. Also, it is a free market prerogative to spend as much as one sees fit until one goes bankrupt. So, this shackling at the bottom-line is a typical perverted socialist French idea. What is not a free market right however is cooking the books and claiming revenue and equity when it is gifts. Doing business with your parent billionaire firm should be prohibited (bar interest-free loans). Otherwise the parent billionaire firm can buy wholesale and take upon them all the risk, which the club would never otherwise take. E.g. PSG says: Let's produce 1 billion pound worth of merchandise and sell it to our sugardaddy (who'll take a 900m loss by selling only 100 million worth). Sick.
Whats the club value? £300million? £500million. Dont say something stupid like £2billion. I doubt Liverpool the city is worth 2 billion.
Yes you have, and what's the value of the equity got to do with the £90m losses reported in the last 2 years? He's raising a quite hypocritical point, as his other businesses have funded the losses at Liverpool but he's complaining about other clubs operating outside of FFP, when the losses his own club have incurred are also outside the parameters of FFP. Which is further exacerbated when he has the temerity to take a swipe at the use of loopholes, when his own set of accounts had a £35m write off against the previous stadium plans, that never saw a spade break the ground...... What he really means is that they're all cheating on a grander scale than I am......boo hoo.
Don't we owe like 45m of that money to ourselves with the vast majority of the rest going to pay off the previous stadium plan interest?
I dont know, I dont know much about it so not getting involved I obv trust these billionaire businessmen to know what they're doing though so I'l leave it at that
You sad old bitter. You already know where and what those loses are but are just too sad to acknowledge that there's not even a problem. Anyway, how about an update on your club's board attempts to sell the wreck. You haven't had a bad season so your value must have increased beynd 2.5p now - surely!
I'm pretty sure one of the biggest reasons FSG invested in Liverpool was under premise that FFP was going to be followed - and their business model/strategy has revolved around it. Look at the incredible work in lowering wage bill, increasing sponsorship deals etc etc. Also, the losses incurred from stadium costs count as development costs which aren't counted towards losses. In addition, FFP states that as Liverpool weren't in Europe in the past 2 years when these losses were incurred, they are't counted. So we effectively start with a clean slate. So I definitely have faith in John Henry and FSG when it comes to FFP.
Look at that. I take the piss and your not happy then you go and do the exact same thing to Tobes.... Love it
All joking aside, FFP is presently a flawed tool. In the short term it is more likely to have the opposite effect from what it was designed to achieve. However we had to start from somewhere to try and stop the billionaires and governments bankrolling massive overspending. It will take some time for the rules to properly catch up with the principles but it is a journey that all fans should support.
I know full well that the losses are losses pet. The 'stadium losses' of £35m for a project that consisted of some architects drawings and the hire of a digger that never struck up, are a flagrant piss take. How many building projects that never broke ground and didn't include any land purchase, have ever run up a cost of £35m ffs? The facts are simple, for the last 2 years they've been operating at CL revenue levels without having that revenue, as their aim was to get their noses back into the CL trough. They've achieved that aim, but they've been spending beyond the constraints of their turnover in order to achieve it, so he's having a laugh with that statement. It's a typically unsubtle Yank "look over there there's a flying pig" diversionary tact, as he knows fine well that LFC will escape any FFP investigation this summer due to the fact that they weren't in Europe this season and are therefore not on the list of "further info required" this time around.
Tobes, you've reached even deeper levels of bitterness. To the point that you are becoming quite silly. The stadium plans were drawn up by a Texas firm with links to Hicks. That we can establish. Now neither you nor I know the details of the contractual arrangements that H&G cam to. However, there are other indications that many of H&G's contracts were used as a vehicles extract money from the club. Hence it is easily for very sizeable amonts to of debt to be run up against this contract leaving only a set of plans as an outcome. Now in terms of FFP. Go back and look at the regulations themselves. Liverpool FC have not been involved in European competition over the last 2 seasons and therefore the FFP regulations do not apply to them.
