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surely the simplest way of ensuring FFP is to prove proof of funding.

This fit and proper persons rubbish has been shown up for what it is....

why not simply ensure the owner can afford to underwrite any losses, that guarantees the club won't go to the wall if he suddenly decides he's had enough?

A simple insurance policy isn't it...

or is there some sort of rocket science thing ive missed?

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6 minutes ago, asteener1867 said:

surely the simplest way of ensuring FFP is to prove proof of funding.

This fit and proper persons rubbish has been shown up for what it is....

why not simply ensure the owner can afford to underwrite any losses, that guarantees the club won't go to the wall if he suddenly decides he's had enough?

A simple insurance policy isn't it...

or is there some sort of rocket science thing ive missed?

 

I believe they do to a certain extent in that if a club fails a P&S test at any stage then the owner has to provide guarantees/proof of funds to cover any losses incurred.

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32 minutes ago, mogbad said:

 

I believe they do to a certain extent in that if a club fails a P&S test at any stage then the owner has to provide guarantees/proof of funds to cover any losses incurred.

 

I would go further.

I think the owner should be able to put in what he wants but have to write off any debt to the club above a certain amount at the end of each season.

This would take away any risk to the club .

Disclaimer

I am not an accountant and have no idea really 

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Posted (edited)
1 hour ago, asteener1867 said:

surely the simplest way of ensuring FFP is to prove proof of funding.

This fit and proper persons rubbish has been shown up for what it is....

why not simply ensure the owner can afford to underwrite any losses, that guarantees the club won't go to the wall if he suddenly decides he's had enough?

A simple insurance policy isn't it...

or is there some sort of rocket science thing ive missed?

Surely the simplest way of ensuring FFP is to run the business in a half decent manner and stick within the rules. 

Edited by kobayashi
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4 minutes ago, swfc1983 said:

https://www.telegraph.co.uk/football/2019/05/24/exclusive-middlesbrough-sue-derby-alleged-breaches-offinancial/

 

Lets hope Gibbo hasn’t got us on his list then!

 

Modern football, sour grapes or hypocrisy or all three?

A desperate move from a desperate man.

 

Boro’s failure payments are drying up, the EFL have already said Derby haven’t broken any rules, the other clubs in the league have rejected his ridiculous idea of allowing every club full access to every clubs finances and this is his last throw of the dice as his beloved Boro disappear down the sh***er in front of ever dwindling crowds.

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7 minutes ago, swfc1983 said:

https://www.telegraph.co.uk/football/2019/05/24/exclusive-middlesbrough-sue-derby-alleged-breaches-offinancial/

 

Lets hope Gibbo hasn’t got us on his list then!

 

Modern football, sour grapes or hypocrisy or all three?

Absolutely pathetic. Perhaps he should concentrate on his own club than try to police the league. 

 

Just hope the solicitors costs come out of their FFP budget!

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Posted (edited)
3 minutes ago, TrickyTrev said:

A desperate move from a desperate man.

 

Boro’s failure payments are drying up, the EFL have already said Derby haven’t broken any rules, the other clubs in the league have rejected his ridiculous idea of allowing every club full access to every clubs finances and this is his last throw of the dice as his beloved Boro disappear down the sh***er in front of ever dwindling crowds.

 

Couldn’t  agree more smacks of last chance saloon time

Edited by swfc1983
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1 minute ago, striker said:

Absolutely pathetic. Perhaps he should concentrate on his own club than try to police the league. 

 

Just hope the solicitors costs come out of their FFP budget!

 

Yep apparently Boro have had Jokanovic in for manager talks in for last few days....really pulling in the purse strings is Steve. :duntmatter:

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Posted (edited)

Also if Boro were to somehow win this claim then every club in the EFL would surely be entitled to the same? Where would it end? Always thought he’d been a good chairman for Boro but think Gibson has taken leave of his senses about this.

Edited by swfc1983

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Gibson wants taking to court for spunking £mn’s up the wall from his parachute payments. 

 

Waanker. Had their chance in the big time, failed to capitalise on the grossly unfair advantage they’ve had over other teams in this league, and now crying wolf. **** him. 

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6 hours ago, asteener1867 said:

surely the simplest way of ensuring FFP is to prove proof of funding.

This fit and proper persons rubbish has been shown up for what it is....

why not simply ensure the owner can afford to underwrite any losses, that guarantees the club won't go to the wall if he suddenly decides he's had enough?

A simple insurance policy isn't it...

or is there some sort of rocket science thing ive missed?

Because that's to simple and needs a degree of common sense which sadly isn't very common these days.

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6 hours ago, asteener1867 said:

surely the simplest way of ensuring FFP is to prove proof of funding.

This fit and proper persons rubbish has been shown up for what it is....

why not simply ensure the owner can afford to underwrite any losses, that guarantees the club won't go to the wall if he suddenly decides he's had enough?

A simple insurance policy isn't it...

or is there some sort of rocket science thing ive missed?

Yes.

There is.

 

But....

 

No one knows what it is :ph34r:

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My view is a % salary cap vs turnover ensuring a club never pays out in wages more than come in. Think Super League has this rule.

 

An interesting thing I’ve seen banded about is a ‘bond’ that each owner has to pay prior to taking over a club that can be used to pay players, staff etc in the event of a club doing a Bolton, I.e. 5 mil for Championship, 2 mil for L1. When the owner sells up, if the ‘bond’ hasn’t been used, they get it back. Thoughts?

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51 minutes ago, Hawkinsfootballboots said:

My view is a % salary cap vs turnover ensuring a club never pays out in wages more than come in. Think Super League has this rule.

 

That will just make the leagues a totally closed shop, particularly at the top. Teams like Man Utd, Arsenal, Man City are turning over close to £1bn a year. How would teams coming up have even a chance of competing? 

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3 hours ago, Minton said:

 

That will just make the leagues a totally closed shop, particularly at the top. Teams like Man Utd, Arsenal, Man City are turning over close to £1bn a year. How would teams coming up have even a chance of competing? 

If you just limited clubs to a first team squad of 25 players period, that would sort it. Make it that a club cant loan more than 3 players out in a season. Stop the large clubs amassing players, players would have to leave to get first team football.

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6 minutes ago, billyblack said:

If you just limited clubs to a first team squad of 25 players period, that would sort it. Make it that a club cant loan more than 3 players out in a season. Stop the large clubs amassing players, players would have to leave to get first team football.

 

And when Man Utd / City / Liverpool etc can spend £250m per year in wages, but Wolves, Leicester etc can only spend £50m, where do you think the best players will go? There will be no way to break into the top 6 clubs and it will just stagnate.

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38 minutes ago, Minton said:

 

And when Man Utd / City / Liverpool etc can spend £250m per year in wages, but Wolves, Leicester etc can only spend £50m, where do you think the best players will go? There will be no way to break into the top 6 clubs and it will just stagnate.

Not necessarily. It would spread the players through the leagues. Players will want to play. Not just sit in reserves forever. 

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