The latest myth is that we will be screwed because of FFP. FFP in short means you can spend what you earn and it restricts challenges from outside the elite clubs. It will basically mean Chelsea, City, United, Arsenal and Liverpool dominate the Prem and it will restrict challenges from the likes of Villa, Everton, QPR, Newcastle and Spurs. I have no idea why Spurs fans want FFP enforced, it is actually bad for them as they aren't a big club and don't generate near what the teams around them do in cash. In a season where Spurs had CL football and got to the Quarter finals thus equalling/surpassing all the other English clubs bar United their revenue was the following: - £186m less than United (less than half). Can you imagine if the Glazers weren't there - £70m less than Arsenal - £69m less than Chelsea - £22m less than Liverpool (who were without CL football) Factor in the fact they only earnt £12m more than City who were without CL football and have a revenue growing at a faster rate than any other club and they would be screwed. Same for Newcastle, Everton and Villa or anyone else that would want to challenge that cartel of teams st the top. There is a misconstrued myth that we won't meet FFP due to our losses. The last loss we posted wasn't actually a loss by a technicality, it was only due to a depreciation in player value. UEFA FFP rules state that any contracts before Oct 2010 can be written off which would account for well over 100% of our loss when you factor in the huge contacts Drogba, JT and Lampard alone were on. So technically we made a profit according to FFP rules. Now we've dared to spend the money we "earned" through winning the CL on two (bordering) world class players and all the haters and Neanderthals have come out of the woodwork. You can't win with these people, we apparently can't spend any of Romans money or our own. Next they will want a transfer embargo on us Anyway I'm far happier knowing the facts and basing my judgement on that rather than recycled tabloid nonsense from rival fans. We will be fine for FFP. KTBFFH!
It's a straw they can cling to that keeps their hope alive. If I were them I'd be asking their own owners why they can't spend something.I mean the same rules apply to all clubs.
Wow, it is obvious you guys don't have an economics degree. It's all about budgets. A financial healthy club bases its budget on revenue from tickets and merchandising. That's the core income of any football club. It's the most steady one to base a budget on. It's safe, and it without risk. BUT, ofcourse this doesn't happen. Look at FC Barcelona and Real Madrid, them 2 combined have over 2 BILLION euro debt. About 1.6 billion pounds. At one point last year, Barca almost went bust. But some sheik from Qatar put a tag on the shirt, and they were saved for a season and a half. Oh wait, no it wasn't. Barca had to run to the Spanish government and banks to forfeit/default on their loans. Chelsea, United, Liverpool and City would all be long gone if it weren't for the big spenders from the east. Now nobody likes to see their club go bust. Out here in The Netherlands 2 professional clubs, one existed for more then 110 years, went bust. Feyenoord, Ajax and PSV almost went down aswell, it was a close call in 2010. Since then they lived by the FFP rules and as of now, in 2012, only 6 clubs are still in alot of debt. But mind you, in 2010 this number was around 15(out of 36 total professional clubs). In 2 years time, Ajax, Feyenoord saved themselves from destruction and are now doing better than in the past 10 years. Thats what FFP does. If Abramovich were to ditch Chelsea, it would go bust within a year. Sugerdaddy's are cancelled out with FFP and leaves the sport in control to the people who it belongs to: the club, not the rich fellas from the middle east and Russia.
You surely must be joking or not very awake yet... The FFP obligates clubs to have a healthy balance by the end of the year without interventions from sugerdaddy's Which means you can't buy players from wherever you want for silly money. 50 million pounds for Hazard, not possible, 38 million for Hulk, never gonna happen. You say you can spend this money due to profit from the CL title. A CL title doesnt bring in 88 million pounds for transfers. Maybe 30 at best because the rest is all gone on wages and clausules. FFP doesn't allow huge money injections from club owners, instead a club has to base its budgets on revenues and TV income. Because like i said: If the owner(or family) pulls out his money in the club because it's not profitable(we are talking about businessmen here) the club goes down within months. It can't pay the current wages, investments etc. And about youth costs, you dont have a propper youth, all you do is buy young players from foreign clubs and put them together. That's not a youth system, that's horse trade. You had Bruma, Van Aanholt which you offered 15k a week. And after 2 years you both dumped them. Lukaku just the same: something for the future. 34k wages a week, how many games did he play? 8 in total. A propper youth system is based on talent within England with a couple of talents from abroad. Yours is talent from abroad with a couple of English youngsters. It costs millions of pounds and you dont even put them on the field in the end. Name at least 3 players in your starting 11 that have gotten through your youth system?
Well done for entirely missing my point Also, trying to belittle people doesn't enhance your point of view to anyone else, only yourself. Get off your high horse mate
One last try, and then i am going to give up. The only reason why revenues went up for ManC and Chelsea was because new players up the shirt sales for example. It's the core business for Real Madrid at the moment. And If it weren't for the CL title win, and the transferbudget Abramovich gave you, you would have made a big loss. Like last year http://www.mirrorfootball.co.uk/news/Chelsea-announce-huge-financial-losses-of-67million-for-year-to-end-of-June-2011-article859684.html You can't make a budget on projecting to win the CL every year. Winning it may have given you about 30 million euros extra after the group stage. And on transfers roughly: Mata: 23,5 million pounds Lukaku 19 million Meireles: 10 million Courtois: 8 million Cahill: 7 million De Bruyne: 6,5 million Transfermarkt estimates you rougly made a 71 million euro loss on transfers last season. Thats about 65 million quid coming from Abramovich's wallet. And this year, it's already 88 million quid on just 2 transfers whilst a CL loss in 2011 generated about 45 million quid for ManU(Barca made 44 million last year). Yea youre totally safe and sound when FFP goes into effect.
http://www.thisislondon.co.uk/sport...ge-bill-for-eighth-year-in-a-row-7807837.htmlhttp://www.thisislondon.co.uk/sport/football/chelsea-have-the-leagues-highest-wage-bill-for-eighth-year-in-a-row-7807837.html http://www.independent.co.uk/sport/football/transfers/chelsea-we-are-strong-despite-16370m-losses-in-double-season-2200213.html http://www.telegraph.co.uk/sport/football/teams/chelsea/8293728/Chelsea-announce-annual-loss-of-70.9m.html
+ 58 million loss on transfer then come operational costs Maintenance costs Youth system costs rent on loans etc etc. You'd go bust instantly without Abramovich.
Cove,you are completely and totally missing the point. Regardless of what figures you want to throw about the FACT is that we will be within the FFP rules.....and guess what,if we're not we will suffer the consequences but if you think RA is mad enough to throw money away and then get kicked out the comp you live in Lala Land.
And youth costa and stadium upkeep don't count towards FFP. Cove is another internet accountant who doesn't even know how ffp works.
Given the fact that FFP doesn’t fully come into effect until 2018 I think we will be fine. Now with all due respect, would you mind just ****ing off on to the spurs board with all the other cyber accountants.
For starters, i'm Dutch, secondly, we've had FFP already in effect since 2010 out here in The Netherlands. You can call me a cyber accountant or whatever, but i am just a journalist living in a country that has already seen the effects of FFP. And you are just a twat who thinks he knows it all. By the way, FFP is coming into effect in the 2013-2014 season. But then again, i guess you lot have never been on this page before: http://www.uefa.com/uefa/footballfirst/protectingthegame/financialfairplay/index.html Oh and check this PDF whilst your at it: http://www.uefa.com/MultimediaFiles/Download/Tech/uefaorg/General/01/64/93/52/1649352_DOWNLOAD.pdf For the full FFP plan go here: http://www.uefa.com/MultimediaFiles/Download/Tech/uefaorg/General/01/80/54/10/1805410_DOWNLOAD.pdf It clearly states that clubs have to break-even in costs and revenue on page 34. Page 26 states that youth costs does include within the reporting rules. And yes i kow there are hundreds of loopholes in this FFP plan on page 46. I'm not in lala land, i know FIFA and UEFA are going to let it slip once Abramovich is pulls his ties in Russia. But don't tell me i don't know anything about the rules, you muppet.
Then you're a very obtuse journalist.FFP coming into effet 2013/14.........FULLY IN EFFECT BY 2018 ...........You are in "lala" land ...........NOW **** OFF!
Maybe its because English is your second language that you can't understand it correctly. Oh and page 26 is nothing about youth. And you're the twat. (very mature eh)
