Transfer NET spends - Last 10 years

FFP stops clubs and men like Peter Risdale when he was at Leeds from over spending and risking the future of clubs.

comment by LukaBrasi COYS #FreePalestine (U22178)
posted 24 minutes ago
comment by meltonblue (U10617)
posted 17 minutes ago
comment by LukaBrasi COYS #FreePalestine (U22178)
posted 1 hour, 22 minutes ago
comment by Boris 'Inky’ Gibson (U5901)
posted 18 minutes ago
Going public was merely a legitimate way of raising funds. Very different to a rich man coming into the club and pumping in millions of pounds. By going public the club was run in a self sufficent way.
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All other clubs at the time survived on matchday income, prize money nd very limited sponsorship money. A few also had wealthy owners who could back the club.

How was becoming a PLC fair?
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What rule(s) did we break? It is a common method to raise funds through share capital. Plus the club had to operate within the confinds of the stock exchange. All financials accounts are made public and there is no room to manipulate sponsorships or have any room for financial doping.

Other clubs followed us shortly after. It was a pioneering act at the time.
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It circumvented the rules at the time which were that football clubs were not for profit organisations and dividends and debt were both limited. Clubs began to get around it by making the club itself a subsidiary of a holding company. It was that that you floated, not the club itself.

That’s what directly led to the outside investment in the game and owners changing from effectively just being there for the club (directors weren’t allowed to draw a salary) to instead maximising revenue for personal gain, or by loading clubs with debt trying to chase getting a bigger piece of the pie. That’s what led to the changes in match day allocation and subsequently the tv rights and the formation of the PL, which in turn is what then started to attract the real wealthy investors. It’s the worst thing that ever happened to football, I’ll always advocate going back to the pre 1985 rules.

All clubs have to be independently audited if they’re public or private.
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It's called evolution mate. Football just moved with the times and alas here we are today. A few billionaires tried their luck to play the game on cheat mode but FFP has put an end to anymore coming in and buying titles. That's the way the cookie crumbles.
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Absolutely it’s evolution, those billionaires played as much on cheat mode as others had in the past though. It’s just they were more successful at it.

comment by LukaBrasi COYS #FreePalestine (U22178)
posted 2 seconds ago
FFP stops clubs and men like Peter Risdale when he was at Leeds from over spending and risking the future of clubs.
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No it doesn't, it stops new money coming into the league, maintains the status of the richer/Sky 4 clubs and gives less committed owners a great excuse not to invest more.

The only cheating in professional football happens on the pitch either by the players or the bribing of officials.

The word 'Professional' is a dead giveaway - It's a business.

comment by Boris 'Inky’ Gibson (U5901)
posted 15 minutes ago
comment by LukaBrasi COYS #FreePalestine (U22178)
posted 2 seconds ago
FFP stops clubs and men like Peter Risdale when he was at Leeds from over spending and risking the future of clubs.
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No it doesn't, it stops new money coming into the league, maintains the status of the richer/Sky 4 clubs and gives less committed owners a great excuse not to invest more.

The only cheating in professional football happens on the pitch either by the players or the bribing of officials.

The word 'Professional' is a dead giveaway - It's a business.
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It also stops new owners coming in, spending beyond the means of the club they invest in, saddling the club with untold debt then the owners fecking off at a drop of a hat. FFP protects all clubs in the long term.

It doesn’t do that though, there’s no restrictions on debt. It’s my biggest issue with it.

The Due Dilligence criteria has also been toughened so that the clowns that nearly ruined clubs like Portsmouth can no longer get a toe-hold.

comment by meltonblue (U10617)
posted 1 hour, 7 minutes ago
It doesn’t do that though, there’s no restrictions on debt. It’s my biggest issue with it.
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Mine too, Melts, it would have saved us from a leveraged buyout to line a foreign owner's pockets.

comment by SteveF (U22027)
posted 6 hours, 30 minutes ago
comment by fridgeboy (U1053)
posted 7 hours, 8 minutes ago
comment by meltonblue (U10617)
posted 1 minute ago
Go back sixty years and we’d have the exact same conversation yet the clubs would be reversed.
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I don’t think you can compare the 61 Spurs team to the current City one in terms of credibility. Sure, you play some amazing football and I love Pep, he’s a genius at work. I’ll always support a team like yours in Europe over United because you play in the right way but there wasn’t money in the game back in the 60s so there was no unfair advantage for anyone. You’ve outstripped up for success, by a long way, but to coin a well worn Brian Clough phrase, you’ve not won any of them fairly!!!!
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Agreed. Back in '61 I think it was still normal for first team players to travel to the ground on the bus. Coming out on top was down to good management, good tactics, good training and basically better team spirit and character than your rivals.
Now there is no skill at the likes of City, Chelsea and Utd. Just a "chuck another billion at it" mentality. Pep ??? come on, anyone could manage City to success.
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No, anybody couldn't do it.

City were no great shakes when Pep arrived.

City have generated about 5x the amount Pep has spent during his tenure.

As anyone (apparently) could do his job, why don't they replace with him with one of the dinner ladies?

comment by LukaBrasi COYS #FreePalestine (U22178)
posted 10 hours, 52 minutes ago
comment by Boris 'Inky’ Gibson (U5901)
posted 15 minutes ago
comment by LukaBrasi COYS #FreePalestine (U22178)
posted 2 seconds ago
FFP stops clubs and men like Peter Risdale when he was at Leeds from over spending and risking the future of clubs.
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No it doesn't, it stops new money coming into the league, maintains the status of the richer/Sky 4 clubs and gives less committed owners a great excuse not to invest more.

The only cheating in professional football happens on the pitch either by the players or the bribing of officials.

The word 'Professional' is a dead giveaway - It's a business.
----------------------------------------------------------------------
It also stops new owners coming in, spending beyond the means of the club they invest in, saddling the club with untold debt then the owners fecking off at a drop of a hat. FFP protects all clubs in the long term.
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Tell that to Blackburn fans.