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Financial Fair Play

Discussion in 'Charlton' started by SuperChrissyisfantasticPardswasatrocious, Apr 16, 2013.

  1. SuperChrissyisfantasticPardswasatrocious

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    Now I must admit to knowing little to nothing about this, apart from the basics (you can only spend a % of money based on turnover. I think?). Could this play in to our hands next season? I've noticed a lot of managers from other Championship clubs are really starting to sweat about it now that play off visions have died, especially from clubs relegated from the Premier League over the last few years. Am I naive in thinking they will feel it more? Especially if they've lost parachute payments.

    I'm not suggesting this was a miracle move by our board, but do you think it's long played on their mind and hence why there was a reluctance to ''go all out'' or do a ''Southampton and Norwich''? Will we have a better chance next season by already having a squad holding it's own, and with a few additions being able to push on and go for the promise land? Especially when teams around us will drastically have to cut costs, and as Tony Mowbray said ''find a competitive team to put out'' (a la Phil Parkinson in that horrible summer).
     
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  2. cafc4ever

    cafc4ever Member

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    Under financial fair play the longer we are in the championship the more likely we are to get promoted.

    Based on turnover i would imagine we are in the top half already? That with out a cup run? Obviously the relegated clubs will bring parachute money with them but even with that wigan and Qpr will be financially hamstrung.

    Best case for us would be bolton go up and blackburn and wolves get relegated as that would only leave this seasons relegated teams with any premier league money.
     
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  3. deleted.....

    deleted..... Well-Known Member

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    There will be ways round it..... sponsorship deals from friendly associated companies..... naming rights for stadiums.... club loans being converted into equity.

    Big money will still be spent and clubs will still get into trouble :(
     
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  4. Holden Chinaski

    Holden Chinaski Well-Known Member

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    AllHellLetLoose is right.

    Paris Saint-Germain F.C. are a prime example. I believe that in Europe (someone correct me if I'm wrong), clubs are not able to spend more than they make, so instead, they got a sponsorship worth something rediclious like €1billion, which has enabled them to sign players like David Beckham, and have such high wage bills by comparison to other clubs. FC Bayern Munich are another club that done something similar, and have not been penalised.

    It won't be long before clubs start doing that here.
     
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  5. SuperChrissyisfantasticPardswasatrocious

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    But is sponsorship money that big in the Championship?
     
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  6. Holden Chinaski

    Holden Chinaski Well-Known Member

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    All it takes is a rich person to purchase the club and demand premier league football. Guarantee a club like QPR would have done that, if they were in the Championship and constrained by Financial Fair Play. There are some rich folks that just want to throw around the cash.
     
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  7. CarrianCarcuss

    CarrianCarcuss Active Member

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    It depends on the market value of the sponsorship deal, its has been taken into account after the whole Etihad deal, so clubs will not be able to use that way as a loop hole. However, I am unsure who determines the market value for individual clubs.
     
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  8. IA

    IA Active Member

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    What if the club doesn't complete the season ?

    Seriously though...

    a) I would be surprised if there isn't a loophole similar to AHLL's suggestion.

    2) if the club is actually not performing very well in financials, there will be moves to sell off players while the price is high.

    iii) the last set of accounts suggested that the club would still need to trim the budget seriously in order to comply with FFP
     
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