steelcityowlsfan Posted January 18, 2017 Share Posted January 18, 2017 Is FFP just a waste of time and basically just a way of keeping the premier league a closed shop? What's the point of it really? If the FA or FL wanted to prevent reckless owners from burdening the club with debt then surely the rule should be you can't put the debt on the club and need to have some sort of financial contingency in the event of crippling debt. For the first time in years we have some money and an ambitious chairman and yet we are shackled by an unfair system that doesn't affect he PL teams due to parachute payments. Rhodes is the prime example. We would have him now if it wasn't for FFP yet Villa who have been gash for ages now will get him subsided from the money the get from the PL for being cr*p. No wonder it's the toughest league in the world to get out of. Link to comment Share on other sites More sharing options...
Sultan_Pepper Posted January 18, 2017 Share Posted January 18, 2017 Should just scrap parachute payments. All clubs have wage reduction clauses now on relegation so it's not necessary. We all know the payments will be scrapped the moment we get to the premier league as they came in the season after we dropped. Sod's law. Link to comment Share on other sites More sharing options...
Mick De Lyons Posted January 18, 2017 Share Posted January 18, 2017 (edited) 8 minutes ago, steelcityowlsfan said: Is FFP just a waste of time and basically just a way of keeping the premier league a closed shop? What's the point of it really? If the FA or FL wanted to prevent reckless owners from burdening the club with debt then surely the rule should be you can't put the debt on the club and need to have some sort of financial contingency in the event of crippling debt. For the first time in years we have some money and an ambitious chairman and yet we are shackled by an unfair system that doesn't affect he PL teams due to parachute payments. Rhodes is the prime example. We would have him now if it wasn't for FFP yet Villa who have been gash for ages now will get him subsided from the money the get from the PL for being cr*p. No wonder it's the toughest league in the world to get out of. I wrote a post about this a short while back. You're correct, FFP is nothing more than creating a glass ceiling for the financing of clubs. Its essentially a cartel that has been created by the elite clubs to stop people challenging their position, but its dressed up as concern for the financial stability of clubs. The proof, as you mention, would be to regulate a system where by unscrupulous owners are held accountable and to have a financial contingency plan that doesn't affect the future if the club. In short, its BS. Edited January 18, 2017 by Mick De Lyons Link to comment Share on other sites More sharing options...
Inspector Lestrade Posted January 18, 2017 Share Posted January 18, 2017 PL Teams should have their own club slush fund to accommodate relegation and have in the players contracts a clause that their wages are halved if relegated if earning over a £X a year. Link to comment Share on other sites More sharing options...
WalkleyWeds Posted January 18, 2017 Share Posted January 18, 2017 I think FFP is a tough one to pick apart because we don't know how football would look without it. I Agree with the concept, as if a club is not run responsibly and goes bust you lose so much more than just a business. But I do think the rules are easily bent by those whose job it is to know how to take advantage of the systems which govern company finances. Parachute payments are necessary because clubs coming down would be in 'fire sale' mode without them trying to clear out the big earners and rebuild their squad in an unrealistically short period of time. I think resentment has risen though due to the ludicrous amount they receive. Often it is way more than is required to steady the ship and it does create an unfair advantage as we see in the Jordan Rhodes scenario. The flip side of this is that Villa don't have the foundation to haggle down past a certain point though as the sellers know that they have money to spend so it can also be a poison chalice in that respect. Link to comment Share on other sites More sharing options...
aeroswfc Posted January 18, 2017 Share Posted January 18, 2017 FFP is a joke. Parachute payments are a joke. The money in Football is a joke. Link to comment Share on other sites More sharing options...
daveyboy66 Posted January 18, 2017 Share Posted January 18, 2017 13 minutes ago, aeroswfc said: FFP is a joke. Parachute payments are a joke. The money in Football is a joke. Dem Blades are a joke. Link to comment Share on other sites More sharing options...
Greenhgate Owl Posted January 18, 2017 Share Posted January 18, 2017 (edited) Parachute payments are a joke. look at Newcastle ,one of the richest clubs in the world,sold all the big earners for over 50 million then get parachute payments on top. Newcastle,villa and Norwich are getting money for failing . if there wasn't parachute payments im pretty sure Burnley and Hull wouldn't have gone up last season Edited January 18, 2017 by Greenhgate Owl Link to comment Share on other sites More sharing options...
The Dukeries Owl Posted January 18, 2017 Share Posted January 18, 2017 The original idea behind FFP was to stop clubs like Real Madrid, Barcelona et al spending absolutely insane amounts of money on players and wages which had them dominating European football while being in multigazillionbillions of debt and not giving a tinkers cuss about it. As is usual with legislation, however well meaning, quite often the baby gets thrown out with the bath water leading to the function of creating the oft mentioned "glass ceiling" that the top leagues in every country protect themselves with. I firmly believe that the system should only apply to the top leagues in every country and beneath that you could have a system whereby if a club wanted to spend more than their income because of a wealthy owner, this money could be deposited with the league and then used as required to prove that the funding was sustainable and not just an increase in debt leverage. To put this in everyday terms: If you won the lottery and were suddenly minted, would you be banned from buying a Ferrari on the grounds that your weekly income wouldn't allow it? Link to comment Share on other sites More sharing options...
Rogerwyldesmullet Posted January 18, 2017 Share Posted January 18, 2017 (edited) TBF I think it was Big F Sam who drew attention to this when it was coming in - pointing out that big clubs in the lower divisions would be effectively stuck. Only solution I can see is a conscious decision to form a non or one team relegation Premier I and II with 16 teams each then decide the title with a set of play offs between the top 4 at the end. or the more obvious "ditch FFP"! Edited January 18, 2017 by Rogerwyldesmullet Link to comment Share on other sites More sharing options...
Lord Snooty Posted January 18, 2017 Share Posted January 18, 2017 Understand the general need for FFP.... However, the Top flight is nothing more than a cartel. Link to comment Share on other sites More sharing options...
The Dukeries Owl Posted January 18, 2017 Share Posted January 18, 2017 13 minutes ago, Lord Snooty said: Understand the general need for FFP.... However, the Top flight is nothing more than a cartel. Especially as outside of the top flight, you don't get hideous amounts of money from SKY either. Link to comment Share on other sites More sharing options...
Captain Sl-OWL-ly Posted January 18, 2017 Share Posted January 18, 2017 18 minutes ago, The Dukeries Owl said: Especially as outside of the top flight, you don't get hideous amounts of money from SKY either. Aren't Fox looking to buy SKY ? Things might be changing soon, Fox may not want to spend as much... Link to comment Share on other sites More sharing options...
The Dukeries Owl Posted January 18, 2017 Share Posted January 18, 2017 1 minute ago, Captain Sl-OWL-ly said: Aren't Fox looking to buy SKY ? Things might be changing soon, Fox may not want to spend as much... Fox would still have to pay out more than BT Sport would or lose it, so it won't go down much if it did at all. Football gets the viewers, broadcasters need viewers to exist. Link to comment Share on other sites More sharing options...
ReluctantNicko Posted January 18, 2017 Share Posted January 18, 2017 Arggghhh!!!! The monthly moan about parachute payments..:)) DC won't be moaning about them if promoted this season. Link to comment Share on other sites More sharing options...
camffiti Posted January 18, 2017 Share Posted January 18, 2017 It's another sign of Capitalism in the Business of football Link to comment Share on other sites More sharing options...
prowl Posted January 18, 2017 Share Posted January 18, 2017 FFP is more about stopping wealthy owners buying success. If FFP wasn't in place rich owners like ours could spend massive amounts to gain promotion and that would be unfair OK with me. Link to comment Share on other sites More sharing options...
Road Runner Posted January 18, 2017 Share Posted January 18, 2017 Maximum wage of 20k per week for championship players. Relegated premier league clubs players automatically drop into this wage frame even if they on 80k per week..... Tough, you were relegated for being crap. No need for parachute payments then. Parachute payments were supposed to help clubs adjust, it wasn't for transfer fees and wage increases so clubs can't compete like its being used for now. If they really need parachute payments then the fa should keep it and ask the likes of Newcastle and Villa what it's needed for. The FA should then just pay direct to whatever it is needed but not for new wages or transfer fees. Link to comment Share on other sites More sharing options...
i used to be sc_owl Posted January 18, 2017 Share Posted January 18, 2017 I suggested on another thread a few days ago that parachute payments should be replaced by a loan from the FA. When relegated clubs can take a loan to cover a percentage of their wage bill. This has to be repaid within five years or the club is docked points. Link to comment Share on other sites More sharing options...
theowlsman Posted January 18, 2017 Share Posted January 18, 2017 It would be just our luck to see parachute payments disappear the first season we were entitled to one. Link to comment Share on other sites More sharing options...
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