carl_feedthegoat wrote:Socrates wrote:Amazes me that when the owner has access to best legal advice on earth, and it is clear the conclusion is that they must meet FFP, that posters on here think they know better.
Is NOT a restraint on trade. Is established for decades that financial rules can be applied to competitions as long as done equally to all potential competitors. Is clear that growing the business is the only solution and that everything is being done to meet ffp including hiring experts and limiting spending, even selling players and not replacing midseason, to balance the books this year.
Amazes me that you think you fuckign know better than anyone else to think that its impossible for this to go to court....People like Al fayad should just ring you up so he can stop making contingency plans.
To be fair, Carl, I don't think Socs is trying to demonstrate that he knows better than anyone else; it's more a case of introducing a note of hard (if unpalatable) reality, based upon his knowledge of the topic.
The correct solution to FFP compliance is, as stated, to grow the business and our owners are doing this at an increasing pace. This, coupled with our recent relative inactivity in the transfer market and the potential off-loading of ("surplus" ??) players in the summer, shows that a strategy is being effected and it is this, rather than legal challenges, which will ultimately prevail.
On a different tack, I was reading about Arsenal the other day and their financial projections. They, currently, are showing a pre-tax profit of around £17million but their salaries outlay will, next financial year, increase from £142million to £155million. It was also reported that they have a cash balance of £123million set aside for transfer transactions, or whatever.
However, since then, it has been reported that the Arsenal wage structure is to be overhauled and the current restrictions removed, which could result in their projected figure of £155million being far too conservative a sum.
Against a background threat of non-qualification for the Champions League, it now seems they are also gearing up to sign several "star" players in the summer and to spend upwards of £70million to achieve this, which will make further inroads into their wages/salary outlay. However, given that £70million might buy perhaps two world class players, this figure might have to be doubled to give them a realistic chance of competing for the title, but which would also exhaust their carefully nurtured cash balance of £123million.
If all these alleged/reported intentions pan out, it's ironic that Arsenal, who are trumpeted as the (apparent) epitome of a "well run club", could be reduced to one which is making trading losses each year and which has no cash reserves in hand - all on the altar of chasing European and domestic success and competing with "the big boys" (reminds you of Leeds United in the past).
It's doubly ironic that they might even fall foul of the domestic FFP version they are trying to introduce and that season ticket prices might have to be raised even further, as a result.