http://www.bbc.co.uk/sport/0/football/32742194 We are back in the championship I see this not as an entirely good thing to be honest If we habeen pushed into the conference, there would have been a rapid resolution now they have time, and will attempt everything else transfer embargo heavy heavy fine points deduction it will drag on and on and on and on.....
I actually think the powers that be can use this as a success story and send us on our way with a small fine. The rules are there to stop clubs going into administration, however, owners have being using the director loan system to put money into a club as a loan rather than an outright investment. Forcing our directors to write off these debts because of the rules seems to help prove their case.Our debt has been lowered thus putting us in a stronger position, it would seem churlish to then fine is £50 million which would put us in peril, which defeats the object of what they are trying to achieve.
If this is true then I expect we will eventually pay the maximum £6 million fine, to settle this issue.
That is very good post mate. If the shareholders write off the debt it at least crystalizes that element of the losses.
Agree. Surely guys are entitled to do what they want with their own money. They sure are pissing it away with the Rs.
Wow in excess of £1bn owed by Chelsea to Abramovich and are they held accountable within FFP? Off course not because that is only in place to stop smaller clubs destabilizing the cosy cartel that exists at the top of the Premier League.......
Was much of this accumulated though before FFP? Chelsea seem to be more restrained now in terms of spending and Mourinho has referenced FFP in this regard.
I think they operate under different rules anyway and they have re-couped a huge amount of money in transfers, specifically Mata, Sideshow Bob, De Bryne etc.........but that is still a huge amount of money owed by them to Abramovich and shows how much he was bank rolling the club before they hit the jackpot........
At least Abramovich has a Champions League and several Premiership titles to show for it. Tone et co. have a day out at Wembley.
.....and what a day that was..... Abramovich's debt has increased by roughly £250m in the last 7 years or so, so roughly £750m of debt was generated during the first 5 years of ownership. So although Chelsea are making profits especially from transfer activity they are still heavily reliant on the owner to fund the business...... It goes to show how deep the owners pockets have to be to own a football club.....
Isn't it exactly the same as the national debt and the deficit? Our 'national debt' is what the owners have loaned us. As long as they remain benign thats just a number. Our deficit is the (so far) massive annual gap between income and expenditure. If we didn't have that we wouldn't need the loans. As long as the deficit exists we will need more loans, just to stand still.
We're talking about the type of small-minded people who love to throw the rule book at any club for any reason. They'll hammer us with glee so expect no mercy. Our best chance is lawyers who'll be happy throw injunctions about if necessary and if we can delay things beyond the deadline for publishing fixtures that will really put a spanner in their works...
2-0 up now (4-1 agg) - at least Brentford won't have to ground-share with us. Boro only conceded 37 goals in 46 league fixtures (tightest defence).
I question all the hype surrounding him:- Mark Warburton: The ex-city trader aiming for the Premier League please log in to view this image By Ben Smith BBC Sport A week is a long time in football. Just ask Brentford manager Mark Warburton. http://www.bbc.com/sport/0/football/31459008
