That begs the question as to why wages are so high - the simple answer is that owners have been willing to gamble on lending clubs money in order to get the best possible players in the hope that if it brings success then they will get their money back and if it fails they will still have a...
FFP could work if it was focused correctly - i.e. it targeted debt rather than losses - of course such a system will never be put in place because any FFP scheme has to be voted for by club owners.
Losses aren't the cause of a club getting into financial difficulties, they are merely a symptom...
The 'three year rule' of a maximum £39M loss does not come into force until the 2016/2017 season - next season will be a fixed maximum loss of £13M, (compared to £6M this season).
The other significant aspect of the new FFP rules, which seem to have been largely ignored, is the position of...