FFP Rules
Posted:
Sat Sep 20, 2014 10:00 am
by shortagain
Does anyone know enough about the FFP calculation rules to advise if a proviso is made for interest charges against Chelsea's debt, estimated at £950M, (MUFC pay about 9% on theirs) which is then included in the calculation for their P&L accounts on which FFP is judged. It is listed in their accounts as interest free loans, but if they were paying commercial rates on these loans, they would breach FFP every year. We get penalised for doing deals with friends, with a reduction being made to our income streams.
I'm sure Jose is just trying to wind us up, but he is a fcuking hypocrite all the same
Re: FFP Rules
Posted:
Sat Sep 20, 2014 10:32 am
by gmercer1
FFP does not apply to anyone but us.
Re: FFP Rules
Posted:
Sat Sep 20, 2014 7:12 pm
by Beefymcfc
Maureen complained after spending nearly 100 million English pounds, ironic really.
Re: FFP Rules
Posted:
Sat Sep 20, 2014 7:28 pm
by Mikhail Chigorin
Beefymcfc wrote:Maureen complained after spending nearly 100 million English pounds, ironic really.
He must have been viewing his own posterior in a mirror, because he has a bare-faced cheek.
Re: FFP Rules
Posted:
Sun Sep 21, 2014 3:32 am
by Socrates
shortagain wrote:Does anyone know enough about the FFP calculation rules to advise if a proviso is made for interest charges against Chelsea's debt, estimated at £950M, (MUFC pay about 9% on theirs) which is then included in the calculation for their P&L accounts on which FFP is judged. It is listed in their accounts as interest free loans, but if they were paying commercial rates on these loans, they would breach FFP every year. We get penalised for doing deals with friends, with a reduction being made to our income streams.
I'm sure Jose is just trying to wind us up, but he is a fcuking hypocrite all the same
Of course it doesn't and of course it should. They wouldn't be allowed to run up new debt to fund first team spending, other than that they are unaffected.
Re: FFP Rules
Posted:
Sun Sep 21, 2014 7:10 am
by blues2win
Bloody good point about interest free loans.
Re: FFP Rules
Posted:
Mon Sep 22, 2014 10:00 am
by simon12
Don't know if any of you are aware of this. Apologies if you already do..
https://www.facebook.com/fairplayforfans?fref=nf