comment by Luke Combs (U3979)
posted 23 minutes ago
Why is culer still allowed to post?!
----------------------------------------------------------------------
Because he's promised not a filter anybody... Unless they abuse him... But he's a big fibber because I've abused him silly
On the op, it has nothing to do with ffp. That just looks at the p&l, nothing to do with the balance sheet.
It’s never been a dodge either, owners have always been able to invest (and there actually used to be rules that owners had to pick up the costs rather than saddle the club itself with debt), all ffp does is limit the allowable loss each year.
comment by Sheriff JW Pepper (U1007)
posted 47 minutes ago
comment by Luke Combs (U3979)
posted 23 minutes ago
Why is culer still allowed to post?!
----------------------------------------------------------------------
Because he's promised not a filter anybody... Unless they abuse him... But he's a big fibber because I've abused him silly
----------------------------------------------------------------------
What are you on about
comment by Prankster - Aka Stiffler (U22336)
posted 5 hours, 51 minutes ago
comment by JFDI (U1657)
posted 50 minutes ago
comment by Prankster - Aka Stiffler (U22336)
posted 1 minute ago
comment by JFDI (U1657)
posted 1 minute ago
comment by Prankster - Aka Stiffler (U22336)
posted 8 minutes ago
comment by JFDI (U1657)
posted 24 minutes ago
In simple terms if Roman had control of the club and it sold for 1.5b then he would effectively of sold the club for nothing. Anything more and he would of made a profit, anything less and he would have lost money.
As a UK asset it has been confiscated, any money he was owed will not be paid to him and any money made will not be given to him. Something he had committed to when announced he was going to sell and write off the debt before being sanctioned anyway.
In effect any money made on the sale will go to whatever charity is agreed subject to UK government approval.
It's not rocket science, unusual maybe but not difficult.
He
----------------------------------------------------------------------
So you’re saying any owners will have to pay the 1.5 as part of the fee and then it will go to charity
So what should the fee be then in your mind
No one said it’s rocket science, I just wanted clarity.
----------------------------------------------------------------------
Where did I say that? If they buy for 1.5b then the money will go to charity.
I said if Roman owned the club there would be no profit. He as been sanctioned and assets sized therefore he no longer has any financial say over the club which includes debts, debts that he would in effect of owed himself anyway
----------------------------------------------------------------------
So how does that work with FFP and will the 1.5 be included in the sell price of the club
----------------------------------------------------------------------
If it affected ffp we would have been sanctioned by euefa long ago. It won't, the situation is unique and may never happen again, at least we, and I hope I speak for everyone not just Chelsea fans, will never hope it will never happen again.
----------------------------------------------------------------------
If it affected FFP, 1.5 billion
The fact you were carrying the debt when FFP has been in play clearly shows it has an affect.
----------------------------------------------------------------------
No, you think it has but that doesn't make it true, that 1.5b is not based over the last few years, in fact much of it occured before ffp came into play.
comment by Sheriff JW Pepper (U1007)
posted 2 hours, 1 minute ago
comment by Prankster - Aka Stiffler (U22336)
posted 5 hours, 38 minutes ago
comment by D'Jeezus Mackaroni (U1137)
posted 4 minutes ago
Monkey in the room? Don't you mean elephant?
----------------------------------------------------------------------
Yeah amended, do you want to comment on the 1.5 billion gift
----------------------------------------------------------------------
Fackin monkey in the room...🤭
I bet you use the phrases escape goat and damp squid as well
----------------------------------------------------------------------
Pre Madonna?
Sorry, I see Devonshirespur covered my answer earlier. I've been out enjoying the sunshine.
comment by Culèr The Brand ✅ (U9489)
posted 1 hour, 22 minutes ago
comment by Sheriff JW Pepper (U1007)
posted 47 minutes ago
comment by Luke Combs (U3979)
posted 23 minutes ago
Why is culer still allowed to post?!
----------------------------------------------------------------------
Because he's promised not a filter anybody... Unless they abuse him... But he's a big fibber because I've abused him silly
----------------------------------------------------------------------
What are you on about
----------------------------------------------------------------------
🤭
comment by Bobby Dazzler (U1449)
posted 9 minutes ago
comment by Sheriff JW Pepper (U1007)
posted 2 hours, 1 minute ago
comment by Prankster - Aka Stiffler (U22336)
posted 5 hours, 38 minutes ago
comment by D'Jeezus Mackaroni (U1137)
posted 4 minutes ago
Monkey in the room? Don't you mean elephant?
----------------------------------------------------------------------
Yeah amended, do you want to comment on the 1.5 billion gift
----------------------------------------------------------------------
Fackin monkey in the room...🤭
I bet you use the phrases escape goat and damp squid as well
----------------------------------------------------------------------
Pre Madonna?
----------------------------------------------------------------------
About 1981
comment by Culèr The Brand ✅ (U9489)
posted 18 hours, 54 minutes ago
comment by Sheriff JW Pepper (U1007)
posted 47 minutes ago
comment by Luke Combs (U3979)
posted 23 minutes ago
Why is culer still allowed to post?!
----------------------------------------------------------------------
Because he's promised not a filter anybody... Unless they abuse him... But he's a big fibber because I've abused him silly
----------------------------------------------------------------------
What are you on about
----------------------------------------------------------------------
why did you filter me culer? no abuse just proved you wrong as i always do. just too small a man to admit it.
why are the entire utd board not filtered, every single one of them abuses you constantly.
so now you join sandy as the only two posters that cant take facts. what a loser.
comment by Ole dirty Baztard - penited and penandes (U19119)
posted 1 day, 4 hours ago
comment by D'Jeezus Mackaroni (U1137)
posted 4 minutes ago
Monkey in the room? Don't you mean elephant?
----------------------------------------------------------------------
----------------------------------------------------------------------
what a dope
RA is the creditor but he is sanctioned and no longer entitled to the debt, theerfore there is no longer a debt on the balance sheet.
comment by SWTN - Judas is number 1 (U7916)
posted 4 hours, 50 minutes ago
RA is the creditor but he is sanctioned and no longer entitled to the debt, theerfore there is no longer a debt on the balance sheet.
----------------------------------------------------------------------
The debt is still there. Sanctions mean the money wouldn't go to him if paid, not to write off the debt, no?
comment by montleeds (U18330)
posted 20 hours, 7 minutes ago
comment by Culèr The Brand ✅ (U9489)
posted 18 hours, 54 minutes ago
comment by Sheriff JW Pepper (U1007)
posted 47 minutes ago
comment by Luke Combs (U3979)
posted 23 minutes ago
Why is culer still allowed to post?!
----------------------------------------------------------------------
Because he's promised not a filter anybody... Unless they abuse him... But he's a big fibber because I've abused him silly
----------------------------------------------------------------------
What are you on about
----------------------------------------------------------------------
why did you filter me culer? no abuse just proved you wrong as i always do. just too small a man to admit it.
why are the entire utd board not filtered, every single one of them abuses you constantly.
so now you join sandy as the only two posters that cant take facts. what a loser.
----------------------------------------------------------------------
He's the bigger loser on the site.
comment by Assassin Baby - (U1282)
posted 7 hours, 38 minutes ago
comment by SWTN - Judas is number 1 (U7916)
posted 4 hours, 50 minutes ago
RA is the creditor but he is sanctioned and no longer entitled to the debt, theerfore there is no longer a debt on the balance sheet.
----------------------------------------------------------------------
The debt is still there. Sanctions mean the money wouldn't go to him if paid, not to write off the debt, no?
----------------------------------------------------------------------
No, how many times do you need to be told, it doesn't get any more simple than SWTNs explanation.
comment by JFDI (U1657)
posted 3 hours, 57 minutes ago
comment by Assassin Baby - (U1282)
posted 7 hours, 38 minutes ago
comment by SWTN - Judas is number 1 (U7916)
posted 4 hours, 50 minutes ago
RA is the creditor but he is sanctioned and no longer entitled to the debt, theerfore there is no longer a debt on the balance sheet.
----------------------------------------------------------------------
The debt is still there. Sanctions mean the money wouldn't go to him if paid, not to write off the debt, no?
----------------------------------------------------------------------
No, how many times do you need to be told, it doesn't get any more simple than SWTNs explanation.
----------------------------------------------------------------------
Keep telling yourselves that. Financial obligations do not disappear because your owner has been sanctioned. Apart from Roman's gift there will be a moratorium but the chickens will come home to roost at some point.
comment by Assassin Baby - (U1282)
posted 14 minutes ago
comment by JFDI (U1657)
posted 3 hours, 57 minutes ago
comment by Assassin Baby - (U1282)
posted 7 hours, 38 minutes ago
comment by SWTN - Judas is number 1 (U7916)
posted 4 hours, 50 minutes ago
RA is the creditor but he is sanctioned and no longer entitled to the debt, theerfore there is no longer a debt on the balance sheet.
----------------------------------------------------------------------
The debt is still there. Sanctions mean the money wouldn't go to him if paid, not to write off the debt, no?
----------------------------------------------------------------------
No, how many times do you need to be told, it doesn't get any more simple than SWTNs explanation.
----------------------------------------------------------------------
Keep telling yourselves that. Financial obligations do not disappear because your owner has been sanctioned. Apart from Roman's gift there will be a moratorium but the chickens will come home to roost at some point.
----------------------------------------------------------------------
He can simply write off that debt. He obviously has to agree to that formally and in a legally binding way. Sanctions per se do not make the debt disappear, like you say, but that does not prevent RA from cancelling the debt and it disappearing from the balance sheet, and nor would that count towards FFP. How the debt is accrued through loss making is a concern of FFP, but the level of debt and how it is paid off is not. You can still be FFP complaint and accumulate debt.
comment by Devonshirespur (U6316)
posted 10 minutes ago
comment by Assassin Baby - (U1282)
posted 14 minutes ago
comment by JFDI (U1657)
posted 3 hours, 57 minutes ago
comment by Assassin Baby - (U1282)
posted 7 hours, 38 minutes ago
comment by SWTN - Judas is number 1 (U7916)
posted 4 hours, 50 minutes ago
RA is the creditor but he is sanctioned and no longer entitled to the debt, theerfore there is no longer a debt on the balance sheet.
----------------------------------------------------------------------
The debt is still there. Sanctions mean the money wouldn't go to him if paid, not to write off the debt, no?
----------------------------------------------------------------------
No, how many times do you need to be told, it doesn't get any more simple than SWTNs explanation.
----------------------------------------------------------------------
Keep telling yourselves that. Financial obligations do not disappear because your owner has been sanctioned. Apart from Roman's gift there will be a moratorium but the chickens will come home to roost at some point.
----------------------------------------------------------------------
He can simply write off that debt. He obviously has to agree to that formally and in a legally binding way. Sanctions per se do not make the debt disappear, like you say, but that does not prevent RA from cancelling the debt and it disappearing from the balance sheet, and nor would that count towards FFP. How the debt is accrued through loss making is a concern of FFP, but the level of debt and how it is paid off is not. You can still be FFP complaint and accumulate debt.
----------------------------------------------------------------------
Exactly. The debt would cease to exist and not appear on the balance sheet because Roman forgives it, not as some direct consequence of him being sanctioned as claimed here.
And the FFP thing is what we call a loop hole, wouldn't you agree?
comment by Assassin Baby - (U1282)
posted 1 hour, 56 minutes ago
And the FFP thing is what we call a loop hole, wouldn't you agree?
----------------------------------------------------------------------
The problem is that to grow a club you often need to invest in players. No one lends money on that as it guarantees nothing. Lenders will fund infrastructure, so ultimately you have to allow clubs to speculate at times, for owners to cover losses, to see if they can grow and become more competitive and generate better revenues. If loss making was outlawed then it becomes very difficult for a club to achieve growth. City & CFC accrued most of their massive debts before FFP kicked in, most of it through huge losses off the back of massive player investment, covered by interest free loans from owners. Not possible now, although boosting ones revenues through inflated sponsorship etc delivers more money to spend on players without sustaining huge losses and debt, which is how NUFC will no doubt develop.
So to me the loop-hole is the doped commercial revenues that allow for massive spending while remaining FFP compliant. Its how PSG and City have developed and how NUFC likely will.
I honestly don’t know why people think City’s commercial deals are doped when they’re independently audited and approved by the PL every year
You don't necessarily need to be lent money to invest in players. Just look at Everton and ask Liverpool stark contrast, and tbh, that's how football was supposed to be IMO.
comment by 🇺🇦 Boris 'Inky' Gibson 🇺🇦 (U5901)
posted 3 minutes ago
I honestly don’t know why people think City’s commercial deals are doped when they’re independently audited and approved by the PL every year
----------------------------------------------------------------------
Because the doping is designed to go around/explot loopholes in the Prem audits and rules ab initio. Its how your owners operate across the world.
If loss making was outlawed then it becomes very difficult for a club to achieve growth.
======
That's because doping already exists and imbalances in distribution of league revenue. In the current environment its almost impossible because clubs like City can afford to make mistakes, like Everton, difference is they can just keep spending until they get it right, Everton would go bust if they kept at it. If everyone was playing the same game it would come down to management and coaching to see who comes out tops.
comment by 🇺🇦 Boris 'Inky' Gibson 🇺🇦 (U5901)
posted 22 minutes ago
I honestly don’t know why people think City’s commercial deals are doped when they’re independently audited and approved by the PL every year
----------------------------------------------------------------------
City are committing fraud and you know it
comment by Culèr The Brand ✅ (U9489)
posted 2 minutes ago
comment by 🇺🇦 Boris 'Inky' Gibson 🇺🇦 (U5901)
posted 22 minutes ago
I honestly don’t know why people think City’s commercial deals are doped when they’re independently audited and approved by the PL every year
----------------------------------------------------------------------
City are committing fraud and you know it
----------------------------------------------------------------------
You happen to be correct here IMO. City fans know what the deal is, but its one of those things you can never admit to yourself because what next if you do? Find another club to support?
Sign in if you want to comment
1.5 billion gift to Chelsea from RA.
Page 3 of 4
posted on 20/3/22
comment by Luke Combs (U3979)
posted 23 minutes ago
Why is culer still allowed to post?!
----------------------------------------------------------------------
Because he's promised not a filter anybody... Unless they abuse him... But he's a big fibber because I've abused him silly
posted on 20/3/22
On the op, it has nothing to do with ffp. That just looks at the p&l, nothing to do with the balance sheet.
It’s never been a dodge either, owners have always been able to invest (and there actually used to be rules that owners had to pick up the costs rather than saddle the club itself with debt), all ffp does is limit the allowable loss each year.
posted on 20/3/22
comment by Sheriff JW Pepper (U1007)
posted 47 minutes ago
comment by Luke Combs (U3979)
posted 23 minutes ago
Why is culer still allowed to post?!
----------------------------------------------------------------------
Because he's promised not a filter anybody... Unless they abuse him... But he's a big fibber because I've abused him silly
----------------------------------------------------------------------
What are you on about
posted on 20/3/22
comment by Prankster - Aka Stiffler (U22336)
posted 5 hours, 51 minutes ago
comment by JFDI (U1657)
posted 50 minutes ago
comment by Prankster - Aka Stiffler (U22336)
posted 1 minute ago
comment by JFDI (U1657)
posted 1 minute ago
comment by Prankster - Aka Stiffler (U22336)
posted 8 minutes ago
comment by JFDI (U1657)
posted 24 minutes ago
In simple terms if Roman had control of the club and it sold for 1.5b then he would effectively of sold the club for nothing. Anything more and he would of made a profit, anything less and he would have lost money.
As a UK asset it has been confiscated, any money he was owed will not be paid to him and any money made will not be given to him. Something he had committed to when announced he was going to sell and write off the debt before being sanctioned anyway.
In effect any money made on the sale will go to whatever charity is agreed subject to UK government approval.
It's not rocket science, unusual maybe but not difficult.
He
----------------------------------------------------------------------
So you’re saying any owners will have to pay the 1.5 as part of the fee and then it will go to charity
So what should the fee be then in your mind
No one said it’s rocket science, I just wanted clarity.
----------------------------------------------------------------------
Where did I say that? If they buy for 1.5b then the money will go to charity.
I said if Roman owned the club there would be no profit. He as been sanctioned and assets sized therefore he no longer has any financial say over the club which includes debts, debts that he would in effect of owed himself anyway
----------------------------------------------------------------------
So how does that work with FFP and will the 1.5 be included in the sell price of the club
----------------------------------------------------------------------
If it affected ffp we would have been sanctioned by euefa long ago. It won't, the situation is unique and may never happen again, at least we, and I hope I speak for everyone not just Chelsea fans, will never hope it will never happen again.
----------------------------------------------------------------------
If it affected FFP, 1.5 billion
The fact you were carrying the debt when FFP has been in play clearly shows it has an affect.
----------------------------------------------------------------------
No, you think it has but that doesn't make it true, that 1.5b is not based over the last few years, in fact much of it occured before ffp came into play.
posted on 20/3/22
comment by Sheriff JW Pepper (U1007)
posted 2 hours, 1 minute ago
comment by Prankster - Aka Stiffler (U22336)
posted 5 hours, 38 minutes ago
comment by D'Jeezus Mackaroni (U1137)
posted 4 minutes ago
Monkey in the room? Don't you mean elephant?
----------------------------------------------------------------------
Yeah amended, do you want to comment on the 1.5 billion gift
----------------------------------------------------------------------
Fackin monkey in the room...🤭
I bet you use the phrases escape goat and damp squid as well
----------------------------------------------------------------------
Pre Madonna?
posted on 20/3/22
Sorry, I see Devonshirespur covered my answer earlier. I've been out enjoying the sunshine.
posted on 20/3/22
comment by Culèr The Brand ✅ (U9489)
posted 1 hour, 22 minutes ago
comment by Sheriff JW Pepper (U1007)
posted 47 minutes ago
comment by Luke Combs (U3979)
posted 23 minutes ago
Why is culer still allowed to post?!
----------------------------------------------------------------------
Because he's promised not a filter anybody... Unless they abuse him... But he's a big fibber because I've abused him silly
----------------------------------------------------------------------
What are you on about
----------------------------------------------------------------------
🤭
posted on 20/3/22
comment by Bobby Dazzler (U1449)
posted 9 minutes ago
comment by Sheriff JW Pepper (U1007)
posted 2 hours, 1 minute ago
comment by Prankster - Aka Stiffler (U22336)
posted 5 hours, 38 minutes ago
comment by D'Jeezus Mackaroni (U1137)
posted 4 minutes ago
Monkey in the room? Don't you mean elephant?
----------------------------------------------------------------------
Yeah amended, do you want to comment on the 1.5 billion gift
----------------------------------------------------------------------
Fackin monkey in the room...🤭
I bet you use the phrases escape goat and damp squid as well
----------------------------------------------------------------------
Pre Madonna?
----------------------------------------------------------------------
About 1981
posted on 21/3/22
comment by Culèr The Brand ✅ (U9489)
posted 18 hours, 54 minutes ago
comment by Sheriff JW Pepper (U1007)
posted 47 minutes ago
comment by Luke Combs (U3979)
posted 23 minutes ago
Why is culer still allowed to post?!
----------------------------------------------------------------------
Because he's promised not a filter anybody... Unless they abuse him... But he's a big fibber because I've abused him silly
----------------------------------------------------------------------
What are you on about
----------------------------------------------------------------------
why did you filter me culer? no abuse just proved you wrong as i always do. just too small a man to admit it.
why are the entire utd board not filtered, every single one of them abuses you constantly.
so now you join sandy as the only two posters that cant take facts. what a loser.
posted on 21/3/22
comment by Ole dirty Baztard - penited and penandes (U19119)
posted 1 day, 4 hours ago
comment by D'Jeezus Mackaroni (U1137)
posted 4 minutes ago
Monkey in the room? Don't you mean elephant?
----------------------------------------------------------------------
----------------------------------------------------------------------
what a dope
posted on 21/3/22
RA is the creditor but he is sanctioned and no longer entitled to the debt, theerfore there is no longer a debt on the balance sheet.
posted on 22/3/22
comment by SWTN - Judas is number 1 (U7916)
posted 4 hours, 50 minutes ago
RA is the creditor but he is sanctioned and no longer entitled to the debt, theerfore there is no longer a debt on the balance sheet.
----------------------------------------------------------------------
The debt is still there. Sanctions mean the money wouldn't go to him if paid, not to write off the debt, no?
posted on 22/3/22
comment by montleeds (U18330)
posted 20 hours, 7 minutes ago
comment by Culèr The Brand ✅ (U9489)
posted 18 hours, 54 minutes ago
comment by Sheriff JW Pepper (U1007)
posted 47 minutes ago
comment by Luke Combs (U3979)
posted 23 minutes ago
Why is culer still allowed to post?!
----------------------------------------------------------------------
Because he's promised not a filter anybody... Unless they abuse him... But he's a big fibber because I've abused him silly
----------------------------------------------------------------------
What are you on about
----------------------------------------------------------------------
why did you filter me culer? no abuse just proved you wrong as i always do. just too small a man to admit it.
why are the entire utd board not filtered, every single one of them abuses you constantly.
so now you join sandy as the only two posters that cant take facts. what a loser.
----------------------------------------------------------------------
He's the bigger loser on the site.
posted on 22/3/22
comment by Assassin Baby - (U1282)
posted 7 hours, 38 minutes ago
comment by SWTN - Judas is number 1 (U7916)
posted 4 hours, 50 minutes ago
RA is the creditor but he is sanctioned and no longer entitled to the debt, theerfore there is no longer a debt on the balance sheet.
----------------------------------------------------------------------
The debt is still there. Sanctions mean the money wouldn't go to him if paid, not to write off the debt, no?
----------------------------------------------------------------------
No, how many times do you need to be told, it doesn't get any more simple than SWTNs explanation.
posted on 22/3/22
comment by JFDI (U1657)
posted 3 hours, 57 minutes ago
comment by Assassin Baby - (U1282)
posted 7 hours, 38 minutes ago
comment by SWTN - Judas is number 1 (U7916)
posted 4 hours, 50 minutes ago
RA is the creditor but he is sanctioned and no longer entitled to the debt, theerfore there is no longer a debt on the balance sheet.
----------------------------------------------------------------------
The debt is still there. Sanctions mean the money wouldn't go to him if paid, not to write off the debt, no?
----------------------------------------------------------------------
No, how many times do you need to be told, it doesn't get any more simple than SWTNs explanation.
----------------------------------------------------------------------
Keep telling yourselves that. Financial obligations do not disappear because your owner has been sanctioned. Apart from Roman's gift there will be a moratorium but the chickens will come home to roost at some point.
posted on 22/3/22
comment by Assassin Baby - (U1282)
posted 14 minutes ago
comment by JFDI (U1657)
posted 3 hours, 57 minutes ago
comment by Assassin Baby - (U1282)
posted 7 hours, 38 minutes ago
comment by SWTN - Judas is number 1 (U7916)
posted 4 hours, 50 minutes ago
RA is the creditor but he is sanctioned and no longer entitled to the debt, theerfore there is no longer a debt on the balance sheet.
----------------------------------------------------------------------
The debt is still there. Sanctions mean the money wouldn't go to him if paid, not to write off the debt, no?
----------------------------------------------------------------------
No, how many times do you need to be told, it doesn't get any more simple than SWTNs explanation.
----------------------------------------------------------------------
Keep telling yourselves that. Financial obligations do not disappear because your owner has been sanctioned. Apart from Roman's gift there will be a moratorium but the chickens will come home to roost at some point.
----------------------------------------------------------------------
He can simply write off that debt. He obviously has to agree to that formally and in a legally binding way. Sanctions per se do not make the debt disappear, like you say, but that does not prevent RA from cancelling the debt and it disappearing from the balance sheet, and nor would that count towards FFP. How the debt is accrued through loss making is a concern of FFP, but the level of debt and how it is paid off is not. You can still be FFP complaint and accumulate debt.
posted on 22/3/22
comment by Devonshirespur (U6316)
posted 10 minutes ago
comment by Assassin Baby - (U1282)
posted 14 minutes ago
comment by JFDI (U1657)
posted 3 hours, 57 minutes ago
comment by Assassin Baby - (U1282)
posted 7 hours, 38 minutes ago
comment by SWTN - Judas is number 1 (U7916)
posted 4 hours, 50 minutes ago
RA is the creditor but he is sanctioned and no longer entitled to the debt, theerfore there is no longer a debt on the balance sheet.
----------------------------------------------------------------------
The debt is still there. Sanctions mean the money wouldn't go to him if paid, not to write off the debt, no?
----------------------------------------------------------------------
No, how many times do you need to be told, it doesn't get any more simple than SWTNs explanation.
----------------------------------------------------------------------
Keep telling yourselves that. Financial obligations do not disappear because your owner has been sanctioned. Apart from Roman's gift there will be a moratorium but the chickens will come home to roost at some point.
----------------------------------------------------------------------
He can simply write off that debt. He obviously has to agree to that formally and in a legally binding way. Sanctions per se do not make the debt disappear, like you say, but that does not prevent RA from cancelling the debt and it disappearing from the balance sheet, and nor would that count towards FFP. How the debt is accrued through loss making is a concern of FFP, but the level of debt and how it is paid off is not. You can still be FFP complaint and accumulate debt.
----------------------------------------------------------------------
Exactly. The debt would cease to exist and not appear on the balance sheet because Roman forgives it, not as some direct consequence of him being sanctioned as claimed here.
posted on 22/3/22
And the FFP thing is what we call a loop hole, wouldn't you agree?
posted on 22/3/22
comment by Assassin Baby - (U1282)
posted 1 hour, 56 minutes ago
And the FFP thing is what we call a loop hole, wouldn't you agree?
----------------------------------------------------------------------
The problem is that to grow a club you often need to invest in players. No one lends money on that as it guarantees nothing. Lenders will fund infrastructure, so ultimately you have to allow clubs to speculate at times, for owners to cover losses, to see if they can grow and become more competitive and generate better revenues. If loss making was outlawed then it becomes very difficult for a club to achieve growth. City & CFC accrued most of their massive debts before FFP kicked in, most of it through huge losses off the back of massive player investment, covered by interest free loans from owners. Not possible now, although boosting ones revenues through inflated sponsorship etc delivers more money to spend on players without sustaining huge losses and debt, which is how NUFC will no doubt develop.
So to me the loop-hole is the doped commercial revenues that allow for massive spending while remaining FFP compliant. Its how PSG and City have developed and how NUFC likely will.
posted on 22/3/22
I honestly don’t know why people think City’s commercial deals are doped when they’re independently audited and approved by the PL every year
posted on 22/3/22
You don't necessarily need to be lent money to invest in players. Just look at Everton and ask Liverpool stark contrast, and tbh, that's how football was supposed to be IMO.
posted on 22/3/22
comment by 🇺🇦 Boris 'Inky' Gibson 🇺🇦 (U5901)
posted 3 minutes ago
I honestly don’t know why people think City’s commercial deals are doped when they’re independently audited and approved by the PL every year
----------------------------------------------------------------------
Because the doping is designed to go around/explot loopholes in the Prem audits and rules ab initio. Its how your owners operate across the world.
posted on 22/3/22
If loss making was outlawed then it becomes very difficult for a club to achieve growth.
======
That's because doping already exists and imbalances in distribution of league revenue. In the current environment its almost impossible because clubs like City can afford to make mistakes, like Everton, difference is they can just keep spending until they get it right, Everton would go bust if they kept at it. If everyone was playing the same game it would come down to management and coaching to see who comes out tops.
posted on 22/3/22
comment by 🇺🇦 Boris 'Inky' Gibson 🇺🇦 (U5901)
posted 22 minutes ago
I honestly don’t know why people think City’s commercial deals are doped when they’re independently audited and approved by the PL every year
----------------------------------------------------------------------
City are committing fraud and you know it
posted on 22/3/22
comment by Culèr The Brand ✅ (U9489)
posted 2 minutes ago
comment by 🇺🇦 Boris 'Inky' Gibson 🇺🇦 (U5901)
posted 22 minutes ago
I honestly don’t know why people think City’s commercial deals are doped when they’re independently audited and approved by the PL every year
----------------------------------------------------------------------
City are committing fraud and you know it
----------------------------------------------------------------------
You happen to be correct here IMO. City fans know what the deal is, but its one of those things you can never admit to yourself because what next if you do? Find another club to support?
Page 3 of 4