It does seem the best way forward Ive read some good stuff though that I otherwise wouldnt have known
Couldn't give a **** isn't strictly true. I find it annoying that certain clubs just spend well over their odds. I don't know if we've spent over our odds or not so far but I'm certainly not going to worry about it because I trust FSG to manage our club properly. If we have overspent, I'm sure we'll have put things right by the time it matters.
Yeah I agree with that mate The point of the thread was to say he doesnt seem to worried about it or otherwise surely he'd stay silent. When we released out financial loses (and I said the bit in bold all along) some rival fans were creaming themselves saying we didnt know what we were doing, would get kicked out etc!
Sorry G but who gives a **** if you find these issues boring? They are matters of interest to both our club and football in general. Therefore they are more worthy of discussion than many of the other threads that appear. I totally disagree with Livtor's stance. I'm sure he would like to see a North American style franchise situation but then he'd have to accept that even there full blooded capitalism isn't allowed. FFP is hard to get your head around in detail and I don't presume to be an expert but it is a first attempt to create a more level playing field wherein clubs are forced to live within their means and hence increase the chance of competitiveness. Also others might find it interesting and useful if those amongst us who are used to interpreting corporate speak try and define exactly what JH is trying to say or what his objectives may be. Sorry to sound off but to some of us this is far more interesting and football related than threads about computer games and snails.
If UEFA are employing accountants to scrutinise club accounts for FFP purposes that struggle, what chance have you guys got considering you don't even have all the relevant paperwork? You may find it more interesting and I can understand those that do. You can also sound off all you want, can't say I care TBH. However, I'm going to take this piss whether you like it or not since its the same people that sound off and argue about some bollox every time no matter what the topic PS...and yes, I agree Livtor is talking bollox. Its not often its anything else
Linking this and the stadium threads, I find it amusing. Henry is moaning about other clubs overspending and something needs to be done about it because we simply can't but we're also saying we won't sell the naming rights. No one see the obvious flaw there?
So I can be very free then to visit threads I don't like and tell everybody that there just bloody boring? OK
No perhaps you can explain what you mean. Naming rights and stadium costs are not regulated under FFP.
So WTF are clubs like Man City selling naming rights at extortionate amount to a partner company for then? It was my understanding that this was to help with FFP?
Keep up G! FFP only applies to naming rights when it is thought that they are being used as a vehicle to get round the regulations.
Not quite four years ago, let alone five, so obviously I was wrong about the accountacy thing. I did have you down as such (or a lawyer) because of the confident way you quote accountancy and legal terms, though they often turn out to be wrong. then again, most of the accounts and lawyers I've come accross in my working life are equally vacuous. What i am suggesting is that you are are just as liable as we are to colour this discussion with your own prejudices. I think we could all, red and blue, stop pretending we understand this stuff. Even the ****ing newspapers were well off in their initial ejeculations of who was and wasn't breaking FFP, though we've become less surprised at that. Which all adds up to the conclusion that, for all of the discussions and John Henry's interjection, nobody. least of all UEFA, seems to understand the rules and how they apply to different standards of accountancy. The implications for this are that FSG, for one, supposedly only got involved with 'soccer' on the understanding that financial rules were being introduced. Hell, Robert Kraft, one of the richest men in the world, was rumoured to be wanting to buy the club from Moores after Istanbul but wouldn't commit himself until he saw the same financial rules (or similar) as are applied to American sports. And this is where it effects you too Tobes, unless there's a ****ing big sugar-daddy on the horizon. Everton are a huge club, a sleeping giant that could be bigger than Spurs, for starters. Bigger, 'naturally' than Chelsea and City, for sure. But who is going to take you on knowing that they'd have to spend billions to get anywhere near Abramovich and Mansour? Take no notice of the likes of Samuel. If Everton position themselves in the next couple of years (and martinez is doing just that) you could be one of the beneficiaries of all this. It's within your interests then that the rules are clear and challenged whan opaque, and especially when they're not being adhered too. If you can equate writing off a stadium debt, something that was designed to build investment into the infrastructure of the club as the rules are supposed to encourage, with chicanery involving sponsorship deals in oreder to bloat the wage bill, then you may regret your partizan reaction if everton are too cited to be penalised for good intentions.
Let's do a little thinking. FSG want to develop the club sensibly - within the FFP rules if you like. So far they have overseen a progression from a club in financial ruin to PL champions elect and a place in the CL for next season. During that time they have significantly raised our commercial income and moved us closer than ever to developing the stadium. They have therefore ensured that the club can progress within the general ethos of "living within our means" and can spend on team development over the Summer. All of this without having to cash-in on a very valuable asset - the stadium naming rights. So if I've got a very valuable asset that grows with the success of the club that I don't need to cash-in on then I too would take the FSG approach and keep it in my strategic reserve. Now that decision would probably have gone the other way should FSG have decided to build the new stadium.
DD, just a quick note in Tobes defence. There are many of us with Business degrees and Higher Awards who have a grounding in financial and the legal aspects of management. We can therefore use the terms and ask the appropriate questions without being practitioners ourselves whilst also specialising in our own disciplines. As for FFP there are truly no experts - anywhere! Those who designed the system and negotiated its agreement are not likely to be the same people who will do the analysis and make the decisions. This is the first time that the rules/system has been used so nobody can claim both the knowledge and experience. Plus the devil is always in the detail.
I have an MBA. I understand financial strategy far better than the details of this though! TBF, at both diploma and degree level I did my optional electives and dissertations on knowledge management and HR (employment law) and I find accountancy mind-boggling. Maybe UEFA do as well!
