FFP obviously doesnt work then...

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Re: FFP obviously doesnt work then...

Postby Ted Hughes » Wed Mar 05, 2014 11:30 pm

Moonchesteri wrote:
Saul Goodman wrote:Liverpool and Monaco are safe for 2014-2015 and don't need to pass the break-even to be in the CL next season


Why?


Pretty sure they do.

But as they are not in the Champions League this season, they will not have to show UEFA their accounts until next season (assuming they qualify).

But if they have lost £100 mil it will still be in the books when UEFA look at them & will still count for ffp.
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Re: FFP obviously doesnt work then...

Postby Saul Goodman » Wed Mar 05, 2014 11:54 pm

Liverpool and other clubs such as Monaco who are not playing in Europe this season will not have to pass UEFA's break-even rule in order to take part in the next Champions League campaign, it has been confirmed.

Only the 237 clubs who took part in this season's Champions League and Europa League are currently being assessed, UEFA has confirmed. UEFA has revealed 76 of these are being investigated and face sanctions this summer - including possible disqualification from next season's competitions - if they fail to comply with Financial Fair Play (FFP).

Clubs such as Liverpool and Monaco who have not been in Europe face no threat of sanctions this summer for failing to break even. They would be assessed next autumn - along with all the other clubs in UEFA competitions next season - with any sanctions applicable in 2015.

Liverpool this week announced losses of £49.8million up to the end of May 2013, and a further £40.5m over the previous 10 months leading to some concern over whether the club would comply with UEFA's FFP rules.

A UEFA spokesman confirmed to Press Association Sport that clubs not involved in Europe this season will not be assessed until next season. Liverpool remain hopeful that they will comply despite their losses. The club may be able to write off a loan made by owners Fenway Sports Group to repay a £38million loan taken out to develop stadium plans by the former owners Tom Hicks and George Gillett.

The autumn financial review by UEFA will look at clubs' finances over the 2011/12, 2012/13 and 2013/14 seasons, plus an estimate of the position over the two years to come. That means the impact of the new bumper Premier League TV deal would be reflected in the English clubs' accounts. Manchester City, who have lost £149million in the past two seasons, have the most to fear among Premier League clubs, while on the continent Paris St Germain are also in the spotlight.
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Re: FFP obviously doesnt work then...

Postby CTID Hants » Thu Mar 06, 2014 12:11 am

[QUOTE="Saul Goodman"][/QUOTE]

So based on that info, assuming this applies to ANY club not in UCL or Europa (thinking of the rags here).. Said clubs can spunk any amount of money to produce a loss if they aren't either competition?

If so does that give the rags free reign to spunk whatever to rebuild their team???(again, assuming they miss out on both comps this coming season)

So if I? I have that correct then Gollum could have been used a pawn in a bigger game to basically fuck up, miss out on the euro comps, sack him and give new manager a bunch of cash to rebuild?

Sorry if I have read that wrong, I'm tired after a long day!
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Re: FFP obviously doesnt work then...

Postby Ted Hughes » Thu Mar 06, 2014 12:15 am

Saul Goodman wrote:
Liverpool and other clubs such as Monaco who are not playing in Europe this season will not have to pass UEFA's break-even rule in order to take part in the next Champions League campaign, it has been confirmed.

Only the 237 clubs who took part in this season's Champions League and Europa League are currently being assessed, UEFA has confirmed. UEFA has revealed 76 of these are being investigated and face sanctions this summer - including possible disqualification from next season's competitions - if they fail to comply with Financial Fair Play (FFP).

Clubs such as Liverpool and Monaco who have not been in Europe face no threat of sanctions this summer for failing to break even. They would be assessed next autumn - along with all the other clubs in UEFA competitions next season - with any sanctions applicable in 2015.

Liverpool this week announced losses of £49.8million up to the end of May 2013, and a further £40.5m over the previous 10 months leading to some concern over whether the club would comply with UEFA's FFP rules.

A UEFA spokesman confirmed to Press Association Sport that clubs not involved in Europe this season will not be assessed until next season. Liverpool remain hopeful that they will comply despite their losses. The club may be able to write off a loan made by owners Fenway Sports Group to repay a £38million loan taken out to develop stadium plans by the former owners Tom Hicks and George Gillett.

The autumn financial review by UEFA will look at clubs' finances over the 2011/12, 2012/13 and 2013/14 seasons, plus an estimate of the position over the two years to come. That means the impact of the new bumper Premier League TV deal would be reflected in the English clubs' accounts. Manchester City, who have lost £149million in the past two seasons, have the most to fear among Premier League clubs, while on the continent Paris St Germain are also in the spotlight.


I find it hard to believe that the press have got this right unless UEFA have already dismissed the idea of banning clubs from Europe.

They will surely have to assess every club at the same time, or otherwise they can't possibly ban one club whilst allowing another, who has also broken the same rules, to earn £20 million quid from the Champions League, thus giving them a huge financial advantage for the following season.

If they choose to do it that way, the only way they could apply sanctions fairly, would be through fines & not bans.

Otherwise the legal situation would be a disaster.
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Re: FFP obviously doesnt work then...

Postby Saul Goodman » Thu Mar 06, 2014 12:37 am

CTID Hants wrote:Sorry if I have read that wrong, I'm tired after a long day!

No worries mate. I can't make heads or tails of it--it just doesn't make sense.
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Re: FFP obviously doesnt work then...

Postby Mikhail Chigorin » Thu Mar 06, 2014 5:29 pm

With regard to our own, domestic version of FFP, QPR have announced £65 million losses in their latest accounts.

It seems pointless and somewhat illogical to fine Clubs already making losses, which would increase any further deficits, so
it might be interesting to see what happens to them...points deducted ??
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Re: FFP obviously doesnt work then...

Postby Ted Hughes » Thu Mar 06, 2014 5:31 pm

Mikhail Chigorin wrote:With regard to our own, domestic version of FFP, QPR have announced £65 million losses in their latest accounts.

It seems pointless and somewhat illogical to fine Clubs already making losses, which would increase any further deficits, so
it might be interesting to see what happens to them...points deducted ??


No problem, because it's actually Harry's dog which made a £65 million loss.
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VIVA EL CITY !!!

Some take the bible for what it's worth.. when they say that the rags shall inherit the Earth...
Well I heard that the Sheikh... bought Carlos Tevez this week...& you fuckers aint gettin' nothin..
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Re: FFP obviously doesnt work then...

Postby bayblue » Thu Mar 06, 2014 6:50 pm

The whole thing is going to be a gravy train for rich lawyers. It's a joke and going to become more and more of one as it's implementation approaches.
Why are all football administrators tossers?
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Re: FFP obviously doesnt work then...

Postby nottsblue » Thu Mar 06, 2014 6:55 pm

Mikhail Chigorin wrote:With regard to our own, domestic version of FFP, QPR have announced £65 million losses in their latest accounts.

It seems pointless and somewhat illogical to fine Clubs already making losses, which would increase any further deficits, so
it might be interesting to see what happens to them...points deducted ??


Like Bolton. Be careful what you wish for. You just might get it. Don't have a deal of sympathy for clubs who complain about sides with money then fall foul of the rules they helped instigate
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