Sat Jul 28, 2018 10:12 am
Bakedalasker wrote:
For me if an owner wants to come and spend money they it shoud be allowed without any restrictions.
Saying that I do believe there should be safeguards in place that the club will be able to continue if the owner become irresponsible. I'm not convinced FFP is that safeguard and especially more so with this mere fine QPR has received.
For me owners should take resposibility for any debt it has created. When the club outgoing are more than its ingoing then the excess should be enforced on the owner and not the club. A baseline should be set for each club with the owner taking resposibility for any excess over the baseline. If the excess become unstainable then a Trust should step in and operate to the baseline with the authroities (tax man etc) chasing the owner.
Sat Jul 28, 2018 10:46 am
Tony Blue Williams wrote:Bakedalasker wrote:
For me if an owner wants to come and spend money they it shoud be allowed without any restrictions.
Saying that I do believe there should be safeguards in place that the club will be able to continue if the owner become irresponsible. I'm not convinced FFP is that safeguard and especially more so with this mere fine QPR has received.
For me owners should take resposibility for any debt it has created. When the club outgoing are more than its ingoing then the excess should be enforced on the owner and not the club. A baseline should be set for each club with the owner taking resposibility for any excess over the baseline. If the excess become unstainable then a Trust should step in and operate to the baseline with the authroities (tax man etc) chasing the owner.
From my limited knowledge of FFP/S&P Regulations it seems that the club can have limited debt over a 3 year period and must fund anything else with proven 'new money' ticket sales, sponsorship etc.
I don't know why the Regulations don't allow for a wealthy owner to simply say 'here is a gift of £40m I don't want it back'.
Surely that happens in a way now when owners right off debt like VT did, it's just he did that after running up debt from before the regulations.
I agree with your suggestion that there should be a backstop and all MUST PAY bills are settled first before any vanity spending on players wages etc.
Sat Jul 28, 2018 11:46 pm
RV Casual wrote:2blue2handle wrote:dogfound wrote:2blue2handle wrote:The Redknapp effect
i think you can blame a manager for buying shit....or paying too much for a certain player..
but not for a clubs total overspend.
as for FFP i find it bizarre that the punishment for breaking a rule designed to stop clubs from being finacially reckless is a 42 million pound fine.
Ultimately the owner has to take responsibility however he has left a few clubs in some states. Still impressive for a man who cant write, text and doesn't know what an email is
Have a look at this lads.
Mental some of the money and wages they spent in that period![]()
http://www.dailymail.co.uk/sport/footba ... fared.html