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Eviltwinz93

Financial Fair Play

Started by Eviltwinz93,

374 posts in this topic

Financial fair play draws closer as Premier League chairmen vote in favour

Premier League clubs facing points deduction if they breach new spending controls

The vote for financial regulations could hardly have been closer, with only 13 of the 20 clubs voting in favour, with six against and Reading abstaining.

It meant that the 'yes' vote only narrowly achieved the necessary two-thirds majority of the 19 votes cast.

Clubs sources say Fulham, West Brom, Manchester City,spacer.gif Aston Villa, Swansea and Southampton all voted against.

http://www1.skysports.com/football/news/11661/8478278/Premier-League-clubs-facing-points-deduction-if-they-breach-new-spending-controls

http://www1.skysports.com/football/news/11661/8477775/Financial-fair-play-draws-closer-as-Premier-League-chairmen-vote-in-favour

FINANCIAL RULES UPDATE

Posted on: Thu 07 Feb 2013

Premier League clubs today reached an agreement to introduce financial stability rules and wage controls for the league. Chelsea Football Club is supportive of moves that promote financial stability in football. We are already subject to UEFA's Financial Fair Play principles and will comply with those.

The new rules will be subject to further detailed discussions before they are brought in and we will play our part in those to ensure implementation is fair for all clubs in the league.

http://www.chelseafc.com/news-article/article/3068368/title/financial-rules-update

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Chelsea has already achieved a solid financial structure.

We are in a situation where we can (specially without Malouda and Torres wages) spend 50mi on the transfer window (which would mean 2-3 good players) and still make money (with a good run in UCL and a top4 in EPL of course). With the possibility of a bigger stadium, naming rights and a shirt sponsor that does not underpay, 105mi in losses for a period of three years seems very easy to achieve!

What impresses me is how low the wage limit is. Only 7 of the 20 EPL teams have wages bellow 56mi/year...

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Why? It would just be bad media.

We already have to comply with it because of UEFA, it doesn't effect us at all.

Dunno just don't really understand it fully, when it comes to rich owners.

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Goodbye talent!

Why u say that? As we've learnt, if a player is more expensive does not mean he has more talent.

Michu vs Torres is a great example.

One cost 2 mil the other 50

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We've finally broken even, after the best part of nine years. This year we might even post a net profit. Shirt sales are through the roof and the tour to Asia in the summer will only help that.

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Chelsea in the hands of Russian Roman have plenty of money waiting to be inserted into the club if needed.

All of this FFP & now FA fucks control is another joke supported by Manure, Arssens...mostly.

One whistle by Roman to Russia, his pals at Gazproms are sending money.

We are dealing with one shrewd Russian billionaire & not some dimwit sitting in FA office.

xPetrCechx likes this

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Well, we are a business ater all it seems.

Now, I hope the board remembers a long term vision and football successes are needed to make it a sustainable business.

Muzchap likes this

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Not sure how much the wage limit was lowered though.

One thing I do agree with. No player should be making some 150-170 thou a week.

This sum is just out of reality, I feel.

If I were making 170 thousand pounds a year, I would be the happiest bug in the rug.

xPetrCechx likes this

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Chelsea has a good squad right now and we dont need to spend as high as we had to at the start of the Roman era.We are pretty stable and the losses will come down with relatively less spending and UCL.The biggest winners will be clubs who dont have to worry about this until UEFA's FFP kicks in which i honestly dont see coming in strictly any time soon.

It could be best for Chelsea.Roman might be forced to stick with 1 manager for a longer time to not pay the huge compensations. :D

But i dont see how FFP will bridge the gap that exists between the top clubs and the rest. Atleast in the current scenario a lower club can break into the top level by spending money (when it's spending is not limited by only what they earn).

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the wage limit is extremely low ,,I fail to see how any of the larger clubs can keep within it.

I'm sure one of TC's accountants can chime in here - but the way I see it - players wages will be constructed as:

- BASE SALARY (reported for FFP regs etc) - essentially FIXED COST

Then they will add VARIABLE revenue to it:

- Win Bonus

- Loyalty Bonus

- PR Even Bonus

etc....

So lets take Player A...

Basic (Fixed) = 50k P/W

Bonus (Variable) = 50k P/W

We would 'technically' still comply - as the Fixed portion of the player wage is what is reported... Variablised costs can be moved anywhere in the P&L....

I'm relatively stupid and I think the above works - so would love to see what our accountants come up with LOL :)

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I'm sure one of TC's accountants can chime in here - but the way I see it - players wages will be constructed as:

- BASE SALARY (reported for FFP regs etc) - essentially FIXED COST

Then they will add VARIABLE revenue to it:

- Win Bonus

- Loyalty Bonus

- PR Even Bonus

etc....

So lets take Player A...

Basic (Fixed) = 50k P/W

Bonus (Variable) = 50k P/W

We would 'technically' still comply - as the Fixed portion of the player wage is what is reported... Variablised costs can be moved anywhere in the P&L....

I'm relatively stupid and I think the above works - so would love to see what our accountants come up with LOL :)

Or do a Vincent Kompany: be chairman of your own little enterprise that delivers invoiced football services to the club ....

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There are many ways to doctor these payments.

I would rather leave it to those competent accountants.

If I may, at Chelsea Roman has plenty of those. :dance:

So far, I have not heard of one Russian honest-to-goodness enterpriser.

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With these regulations I can´t see us letting our loanies leave.

I think it is a good thing to try to control the financial powers a wee bit.

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Roman doesn't get to where he is without being clever and knowing everything he needs to know or hiring the best team of advisors to do it. He will know what to do and there will be several loop holes that will have been found... PSG for example have got a 200 mil a year sponsership.

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