Clubs approve P&S rule changes.

[Wizzard1867]

Didn't Bournemouth break FFP in their promotion season a couple of years back? I assume the EFL won't be looking into that after all the other problems they have with FFP.

[mogbad]

9 minutes ago, Ozymandias Owl said:

Didn't Bournemouth break FFP in their promotion season a couple of years back? I assume the EFL won't be looking into that after all the other problems they have with FFP.

 

They've already paid a £4.75m fine to the EFL for the FFP breach.

Edited August 26, 2020 by mogbad

[Wizzard1867]

1 minute ago, mogbad said:

 

They've already paid a £4.75m fine to the EFL for the FFP breach.

Great News. That's clearly very equitable and fair.

 

It's a shame we weren't able to take a £4.75 million fine rather than suffer three years of FFP embargoes and a points deduction defered  until the club was brought to a point where the EFL could relegate us. 

[sherlyegg]

1 hour ago, mogbad said:

 

They've already paid a £4.75m fine to the EFL for the FFP breach.

Yeah and don't forget they only get £40m and a 12pt start on us. So really they have been punished same as us for breaking same rules.

Don't see what chansiri and some on here are moaning about.

 

[nevthelodgemoorowl]

9 hours ago, ANDY said:

 

 

Another great piece of Spoon Fed journalism. Do some digging and research FFS !

[Sheff74]

On 26/08/2020 at 13:43, The Horse said:

It doesn't beggar belief though when the majority of EFL clubs will never be in a position to fight for promotion to the Premier League.

It's in their best interests to throttle the majority back to somewhere near their level.
Only way out is for Prem League 2.

 

For the umpteenth time...

 

Who is going to fund a PL2?  The current PL clubs - nope.   TV companies - nope, or highy unlikely.

 

Plus, how would a PL 2 be any different to what we currently have?  Wouldn't every PL2 club be chucking the kitchen sink at getting into PL1, the proper and more prestigious PL?

[Guest The Horse]

9 hours ago, SouthStand75 said:

You don’t have to spend shitloads, just build a team on what you can. Quite a few have actually done it. 

 

Name them.

[Manwë]

11 minutes ago, The Horse said:

 

Name them.

 

Really?  You can't think of any local clubs that have managed to get promoted in the past few years using footballing, rather than financial clout?

[Guest The Horse]

Norwich and Cardiff still had parachute cash.
I'll give you the others but they're the exception to the rule.

[Guest The Horse]

2 hours ago, Manwë said:

 

Really?  You can't think of any local clubs that have managed to get promoted in the past few years using footballing, rather than financial clout?

 

Blunts would've been embargoed if they didn't go up.
They spent.

[shandypants]

On 26/08/2020 at 13:40, The Night-Owl said:

Why can't they increase the P&S limits for the non parachute payment recieving clubs to the same amount that the parachute payment clubs receive or allowed to spend? It seems it's getting harder for non parachute payment clubs to compete with the several parachute recieving clubs. It's hard to see any of the non parachute payment clubs going up, other than Brentford but I wouldn't be surprised if all three that go up are clubs recieving parachute payments. 

Is that some sort of haiku? 

[Taximark]

Its all totally fuçked up, how clubs can approve this when majority of the fans up and down the country have been complaining about how unfair this is makes it sound very out of touch - the thing that does need to change is PL contract terms for players in case of a club being relegated this would stop the Parachute payments structure.

[Blue and white]

Football, as bent as a butchers hook.

Sooner PL2 starts the better.

[Manwë]

16 hours ago, The Horse said:

 

Blunts would've been embargoed if they didn't go up.
They spent.

 

It's amazing what the internet can do.

 

https://financialfootballnews.com/sheffield-united-fcs-2019-finances-blade-runners/

 

You can see that United made losses of (latest to earliest, past three years)

£21m

£2m

£5m

 

Total £28m, well under the £39m allowed.

 

But there's a catch.  The £21m is an inflated figure.  It's high because their outgoings increases relate more to paying bonuses, for, guess what?  Promotion.  Had they not been promoted, they wouldn't have had a £21m loss that season.

Want to know the most galling thing?  While we were selling off our history to pay for the incompetence of one man, United bought their stadium, training ground, Hotel and other assets.  In their previous accounts, this was going to be for around £43m (although this later increased I believe).   That's about half of what we are  paying Mr Chansiri in rent for Hillsborough alone.

 

Basically, a well run club, not on parachute payments, achieving promotion and sustaining their position in the PL.

 

 

 

 

[Dick_Turpin]

5 hours ago, Blue and white said:

Football, as bent as a butchers hook.

Sooner PL2 starts the better.

 

How do these two statements go together?

[Blue and white]

4 hours ago, rickygoo said:

 

How do these two statements go together?

Quite simple, 

Football is bent, PL2 would be bent, EFL is bent, however if being in PL2 allowed us to spend money and compete instead of pushing shituphill.

[Dick_Turpin]

47 minutes ago, Blue and white said:

Quite simple, 

Football is bent, PL2 would be bent, EFL is bent, however if being in PL2 allowed us to spend money and compete instead of pushing shituphill.

And who is to say it would? What other clubs want it?  And critically does the PL give a fig?

[Guest Mcguigan]

2 hours ago, Blue and white said:

Quite simple, 

Football is bent, PL2 would be bent, EFL is bent, however if being in PL2 allowed us to spend money and compete instead of pushing shituphill.

The only problem with that is every other club would be able to spend money and compete and there’d be some seriously wealthy owners in a PL2, with far deeper pockets than Chansiri.

 

We’d be no better off.

[daveyboy66]

7 hours ago, Manwë said:

 

It's amazing what the internet can do.

 

https://financialfootballnews.com/sheffield-united-fcs-2019-finances-blade-runners/

 

You can see that United made losses of (latest to earliest, past three years)

£21m

£2m

£5m

 

Total £28m, well under the £39m allowed.

 

But there's a catch.  The £21m is an inflated figure.  It's high because their outgoings increases relate more to paying bonuses, for, guess what?  Promotion.  Had they not been promoted, they wouldn't have had a £21m loss that season.

Want to know the most galling thing?  While we were selling off our history to pay for the incompetence of one man, United bought their stadium, training ground, Hotel and other assets.  In their previous accounts, this was going to be for around £43m (although this later increased I believe).   That's about half of what we are  paying Mr Chansiri in rent for Hillsborough alone.

 

Basically, a well run club, not on parachute payments, achieving promotion and sustaining their position in the PL.

 

 

 

 

So we are paying DC £86M in rent?  Who is We?

 

[Guest The Horse]

7 hours ago, Manwë said:

Basically, a well run club, not on parachute payments, achieving promotion and sustaining their position in the PL.

 

Nerr.

 

High Court Judgement (paragraph 76)

"with the result that no resolution was achieved in time to avoid a temporary embargo on the Club’s transfer activity. Had the issue not been resolved (as it later was, on 25 July 2017) it could have had a damaging impact on the Club’s ability to position itself for the new season in the Championship"

Edit to add, for balance, that this happened in 2016 (para 62)

"SUFC was in real danger of being unable to pay its employees’ wages on a monthly basis.Mr Bettis called for another £1m from each owner in November 2016 but SUL paid only £450,000 on 29 November, £50,000 on 1 December and a further £500,000 on 12 December. When Prince Abdullah was called upon to equalise contributions by paying £1m in January 2017 he did not do so, and SUL had to pay a further £600,000 urgently on 27 January 2017 in order to save SUFC from insolvency. "