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Wolves and how to successfully cheat FFP rules


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12 hours ago, Marc_Degryse said:

I agree with elements of what you say, however there are a few key points to note.

 

Firstly the transfer business in the first season Fosun took over was ok, The big buy was Helder Costa, who probably wasn't a roaring success but they turned a profit on him when they flogged him to Leeds. Cavaleiro also turned out as good business. Don't forget though at the time Forestieri was quite 'saleable' (hence why Villa tried to sign him), Bannan was also worth a decent sum, and a few others in our 15/16 squad would have been desired by other clubs.

 

You're right that they were clever in getting a number of quality players in on loan rather than paying up front for them in that this de-risked the plan quite a bit, however it seems to me that what they did was look at the blueprint we set out in getting to two successive play-offs and essentially improved on it. They brought in a bunch of high profile signings, several who were arguably too good for the champo, with the promise of PL football and big wages the season after if they went up. Brilliant in a way and certainly a smarter approach than what we followed, however doesn't really follow the spirit of FFP that the rules were originally created for.

Factoring in £3m per season for allowable losses within the three year period, which includes promotion.

 

15/16 £7.5m profit + £3m allowance £10.5m profit

16/17 £20.8m loss - £3m allowance £17.8m loss

17/18 £55m loss - £3m allowance £52m loss

 

Total losses for this rolling 3 year accounting period £59.3m, well over the £39m allowance.

 

But, around £20m of the £55m losses in season 17/18 were attributable to promotion related bonus's and transfer add on's. So had they not been promoted they'd have probably just stayed within P&S limits but more importantly, should the need arise, they'd be sat on around £50m+ of players they could sell to bring them back in line should the EFL advise so.

 

Hardly cheating the rules or not following the spirit of them(whatever that is), more so being very clever and astute with their overall plan to gain promotion.

 

Same with Leeds this season, with large promotional bonuses they'll have broken P&S but they've gone up. Had they not have, Phillips, Bamford and or two others would have been sold to balance the books.

 

 

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1 hour ago, poite said:

Bielsa has done it this year, Parker has done it and Bilic has done it. Wilder did it last year. 

 

Carlos was fantastic in that first season and I genuinely think we were on to something with Bruce but other than that we haven't come close to getting that bit right and that's the bit that matters most in my view 

Correct, it's all about the manager.

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1 hour ago, poite said:

I don't buy the argument that teams buy their way up to the premier League. 

 

Getting out of this league to the promised land is about exceptional management in my view and that managers ability to get the best out of the players. 

 

Bielsa has done it this year, Parker has done it and Bilic has done it. Wilder did it last year. 

 

If it was just about gambling by spending a fortune there's plenty of teams still in this division who shouldnt be. 

 

Carlos was fantastic in that first season and I genuinely think we were on to something with Bruce but other than that we haven't come close to getting that bit right and that's the bit that matters most in my view 

Pearson is the man to turn this around, god only what Chansiri is waiting for.

There is a real chance to rebuild this team and get it firing again and it looks increasingly likely well waste another golden chance.

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Wolves manager on BBC website today:

 

"I am very proud. Now I think we can see we have our own identity, which is based on strong foundations of respect and hard work."

 

That's all. Respect and hard work, the millions invested by the new Chinese owners and the linkup with the agent getting Champions League players to go to a midtable Championship club had absolutely nothing to do with it, honest Guv. 

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Tbf, Wolves splooged money on quality. They also signed a top class manager.

 

We splooged money on some good players and a whole lot of rubbish. Further, Carlos wasn't on the same level as a Nuno.

 

Yeah, the game is corrupt, but our problem is we werent smart enough to navigate our way to the Prem..

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Getting to the Prem is a bit like some dodgy tax haven where all the rules fly out the window. 

 

Yeah, you might get into occasional trouble, but some decent lawyers and a few brown paper bags will sort all that out. 

 

 

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13 minutes ago, SiJ said:

Tbf, Wolves splooged money on quality. They also signed a top class manager.

 

We splooged money on some good players and a whole lot of rubbish. Further, Carlos wasn't on the same level as a Nuno.

 

Yeah, the game is corrupt, but our problem is we werent smart enough to navigate our way to the Prem..

Correctamondo...so can we all stop bellyaching about the pl..efl..ffp..Sheffield star..maguire..radio Sheffield..Gibson..etc etc

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