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Financial fair Play

Discussion in 'Tottenham Hotspur' started by random92, May 23, 2011.

  1. random92

    random92 Member

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    With the new UEFA rules coming into effect on June 1st, what do people think. In the current situation, Utd, Chelsea, Liverpool and City all fail to meet the requirements. Utd's debt problems are due to be sorted soon, as they have some restrcuturing deal that matures worth £500 million. Chelsea are also due to sort their books out (providing they don't spend loads this summer). Liverpool will probably sort themselves out too, as they have a lot of youth in their team now, who aren't on high wages, so could probably sell some of their older, worse players. Now it comes to City. Whatever way you look at it, they're screwed.

    FFP | THE KEY POINTS

    * Three years to ‘break even’

    * Clubs will be able to record maximum losses of £39.5m before 2014

    * From 2014 to 2017, the overall permitted loss will fall to £26.3m

    * Owners cannot bail clubs out of debt with personal wealth

    * Clubs could face exclusion from Uefa competitions in 2014-15

    * Newly-created Club Financial Control Panel to ensure rules are abided by

    There is no way City can get their losses down that low, as they continue to purchase hundreds of millions of pounds worth of players and wages. they certainly cannot get even in 3 years, or get the maximum loss down to £39.5 million in 3 years. they will have to sell some of their big names, and by that time, Spurs can come marching back in, and take the CL spot that we deserve, as we don't buy our way up the league
     
    #1
    random92, May 23, 2011
  2. Spurf

    Spurf Thread Mover
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    as we don't buy our way up the league

    Shakey ground random92.

    All the teams below us would not buy that argument.
     
    #2
    Spurf, May 23, 2011
  3. Eton Trifle

    Eton Trifle Member

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    Agree with what you are saying but as for us not "buying our way up the league" even Daniel Levy admits that he has invested "hundreds of millions" in improving our squad, as Spurf said, I don't think a lot of other clubs fans would agree.
     
    #3
    Eton Trifle, May 23, 2011
  4. Super Injunction

    Super Injunction Member

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    How would Spurs fare?
     
    #4
    Super Injunction, May 23, 2011
  5. Eton Trifle

    Eton Trifle Member

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    I think spurs would be ok, don't have the figures to hand but I believe we have turned a profit in the last couple of financial years?
     
    #5
    Eton Trifle, May 23, 2011
  6. random92

    random92 Member

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    We're alright. Out of top 6, only us and Arsenal are completely in the clear at the moment. And i suppose we've spent alot, but we steadily invest, and it's balanced out over a number of seasons, not like city who just hit all at once
     
    #6
    random92, May 23, 2011

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