I didn't actually, we went through something similar ourselves so had sympathy for their genuine fans. Bury say hi btw.
All of them, they all prevent owner investment and therefore clubs who are traditionally smaller will never be able to compete with the Liverpool's and United's of the world. It's there to protect the big clubs. Nothing more.
Not really no. As all that needed was a rule that any annual losses above a certain amount had to be covered by shareholder cash. FFP stop owners investing in their own businesses as they see fit, which was driven by the existing larger clubs desire to maintain a glass ceiling, and stop something like what happened at Man City happening again.
Without some attempt to mitigate the idiocy of Clubs in the pyramid even more would go to the wall or just screw over creditors by popping in and out of administration as they used to .
It's mental that people still peddle this myth when we've literally had a club go bust less than a year ago
At least they should be re-written to include debt. Clubs can rack up 100's of millions of debt and it's fine apparently. Nothing to do with financial health at all but protection of the biggest. You only have to look at the clubs most in favour to realise this. That'll be why Manchester City's large wage bill has them in a ton of debt. Oh hang on...
A deal that’s base payment is worth £15m year less than the previous one. Oh and you’ve just had to pay them a wedge to delay it’s start. Meanwhile your STH’s are being repaid on the drip.
Probably worth mentioning Bolton and Macclesfield too. Sure their fans don't feel like FFP has stopped clubs getting in financial trouble.
FFP still allows clubs to rack up £105m of losses over a 3 year period. The idea that is somehow protects clubs from operating unprofitably is abject nonsense.
Disappointed it didn't stop the #fraud Moshiri from wasting Everton's once in a lifetime fees for Lukaku and Stones?
Yeah base payment, do you even understand what that means? Liverpool gambled on the Nike tie up resulting in a massive increase in sales, in which case the deal would be potentially much more profitable than the previous one. Good luck with that one in the post COVID worldwide recession.
Cash invested onto the balance sheet by Moshiri = £350m Cash invested onto the balance sheet by FSG = £0
The number has lessened though since FFP (though it isn't called that ) probably as clubs are allowed to make ongoing losses in championship £13m per year or £5m if owner doesnt inject funds. As i've said before i've long believed that no way can a 100+ fully pro clubs be sustainable and the pandemic will almost certainly lead to the demise of quite a few . And now i'm off to walk the mutt in , hopefully , a break in the rain .
It may have, though I'd be interested in seeing the figures as the Championship is in its worst financial state ever at present, even pre covid. Loads of clubs in that division must be on the brink with average wage to turnover ratio of over 100%. But my point is that it wasn't the primary reason for it being brought in, it's just what it was dressed up as. It was primarily brought in after the established elite clubs took exception to Chelsea and then City gatecrashing the party and to prevent this ever being possible again. If it was purely for financial health it wouldn't allow clubs to rack up huge debt. You could say that United are currently in a worse financial position than City for example. Yeah I've seen you mention the unsustainable thing before and you may well be right tbh though it'll be a shame if we were to lose a lot of clubs. I'm hoping that the proposed wagecap in the bottom two tiers can help with this but it probably won't get brought in if we're honest.
Champions Leagues won by FSG: 1 Premier Leagues won by FSG: 1 New stands delivered by FSG: 1 Value of squad built by FSG: £1.07 billion Champions Leagues qualified for by Moshiri: 0 Premier League top 6 finishes by Moshiri: 0 New stands delivered by Moshiri: 0 Value of squad built by Moshiri: £398 million