http://espnfc.com/news/story/_/id/1408594/top-flight-clubs-to-decide-on-spending-controls?cc=5739 According to the above report, our club was one of those which rejected the initial proposals to curb spending in the Premier League. Anybody have any reason why our club, which is sound with money, would do this?
Probably because it was "a domestic and less strict version of UEFA's Financial Fair Play plans". I would think we'd want it to be more strict so that we don't see any more clubs getting to the brink as we did.
This is a pretty old story right? I seem to recall Huw coming out at the time denouncing the whole thing as nowhere near strict enough, and essentially a waste of time. I think it was one of the few ways of drawing attention to the fact that UEFA were about to screw up yet another thing
I knew that some clubs rejected it, but I didn't know that the Swans were one of them. Now I think about it, losses of £105,000,000 over three seasons doesn't seem like a solution at all. It is still more than enough to end a club.
I was aware the Swans, and West Brom, both rejected the plans, believing that if they can balance their books and avoid significant debt they should not face restriction. It might sound selfish, but we are flourishing partly because of the financial mismanagement of other clubs. Why would we want to change that? If it aint broke don't try and fix it.
I do wonder if properly fix it would help the Swans even more though, clubs like Everton would have to have a mass clear out and we could take their home grown players.
But what if newly financially well managed clubs below, and around, us picked up those players. What do we really have to gain from FFP. The only way we'll surpass a top 6 club is if they 'do a Leeds', and ther'll be far less chance of that with FFP. All I see it doing is benefitting poorly run clubs below us in the long-term, ever so slightly restricting teams above us in the short-term, and stopping us from picking up bargains like Michu and Flores in the future.
Are you so sure that this would stop us picking up bargains? Michu for instance is the exact sort of signing Wigan would normally make but they completely missed him, it is up to the club to have the right scouting system in place to get a bargain. FFP also stops even more Man City's appearing.
If all clubs were financially solid would there be any bargains to be had? Swansea's success is largely down to the clubs finances being run much better than our competitors. Do we really want to risk giving up that advantage?
