I understand the concept perfectly and complained during Kens time when the accounts were being dissected and others refused to believe there was any shortfall. That does not mean that this lot can sit on their arses indefinitely, using the excuse of past years as a reason not to invest significantly. For years, with many Leeds fans, it's been next year syndrome. Everything will be better next year. That's the main reason the likes of Snoddy didnt hang around. They could see no likely improvement in future years. Make no mistake, the likes of Byram wont hang around forever if he doesnt see significant improvements
Its not excuses, what on earth makes you think the shortfall vanishes over night? Any outside investment made by the owners will still be counted by ffp rules even if it is covering a short fall in the accounts. That's money spent that can't be spent on players but still limits what they can invest. We're talking about sums of money into the millions. It doesn't just evaporate because we have new owners. If this is still happening in 2 years time, you'll have a point, but for now you're behaving like an impatient child who wants his toys before his birthday and it's irritating and tiring.
Just hope were debt free by then with the supporters money, including mine, being invested where it should be. Just curious though, what makes you so sure this lot will turn things around in the two years and they wont have walked or sold their majority share in that time like theyve said they would
So what if they do? Maybe the next owners will have a massive pot of gold that they still won't be able to invest because of ffp, meaning we will still have to go forward using only the money the club makes. You're essentially giving the current owners a hard time for what the previous owners did instead of giving them time to make their mark.
Wrong - An owner of a club is permitted to put his hands in his pockets http://www.financialfairplay.co.uk/financial-fair-play-explained.php Point 3 is also interesting regarding player purchases.
Up to 5 million. Not that much all things considered. I expect our budget for this season for all outgoings, assuming a projected turnover of about 25 million, is 33 million based on ffp rules. I imagine the owners may not want to utilise the permitted 3 million "overdraft" so that gives us 30 million. 15 million on wages, 3.5 million on st mortgage, 3.5 million on rent, 1 million on Murphy brings expenditure up to 23 million. Most of the remaining 7 million will be tied up in paying redundancy packets, the costs associated with closing down Yorkshire radio, paying other debts and liabilities that we don't know about but thanks to some dodgy business we are legally obligated to pay...
Your owners mortgaged the club shares to pay Ken Bates his money in June (despite saying they hadn't in December - very craft of them as they did not say they were going to at a later date) - that has put you well in the red and you will be for quite some time
