Barber on FFP

[KZNSeagull]

What happens if the club can't pay, as I presume Palace would not have been able to do in 2010. Would the league then apply for a winding up order along with the HRMC?

Would clubs like Palace be allowed to pay the fines at a penny in the pound?

Fines only apply to promoted clubs. Those not promoted get a transfer embargo.

 

[Brighton Breezy]

Sad indication of the problems of modern football when clubs (not just ours - not criticising the Albion here) are targeting ONLY losing £8million a year as some sort of successful benchmark.

 

[fosters headband]

Fines only apply to promoted clubs. Those not promoted get a transfer embargo.

Has there been any statement as to how long this embargo would stand for. I am thinking that a club like Forest, who have been spending to bring in Tom, Dick and Harry in an effort to get promotion this year. If they miss out and they have all these players signed this season on 2/3 year contracts and they get a 1 season embargo how is this a punishment?

 

[Brighton Breezy]

Can't help thinking it would have been a better idea for the clubs to actually finalise all the details before voting on it.

 

[KZNSeagull]

Has there been any statement as to how long this embargo would stand for. I am thinking that a club like Forest, who have been spending to bring in Tom, Dick and Harry in an effort to get promotion this year. If they miss out and they have all these players signed this season on 2/3 year contracts and they get a 1 season embargo how is this a punishment?

Until such time as they submit accounts that comply with FFP.

 

[fosters headband]

Until such time as they submit accounts that comply with FFP.

In which case they have a great squad all lined up for a second season.

 

[nicko31]

I like the live testing idea, bet they don't impose it though

 

[spring hall convert]

Given the fines will be minimal when compared to the treasure of ending up in the PL maybe the league should give a suspended sentence of minus 15 points to the cheaters and it will be enacted when they next fall into the league ?

Good idea.

 

[fosters headband]

I like the live testing idea, bet they don't impose it though

The whole thing sounds very flawed to me and a lot of making it up as you go along.
Don't forget Barber was telling us all last season, that it was possible for us to be fined and the money could be used to finance a Palace promotion. This year it could go to the Battersea dogs home.

 

[Nathan]

In which case they have a great squad all lined up for a second season.

So no need to sign any more players as they have all the decent players in the first place.

 

[KZNSeagull]

In which case they have a great squad all lined up for a second season.

Yes, but the embargo also prevents players signing contract extensions, so at some point that great squad will start leaving for free.

 

[fosters headband]

So no need to sign any more players as they have all the decent players in the first place.

Exactly

 

[KZNSeagull]

So no need to sign any more players as they have all the decent players in the first place.

providing that they are still under contract

 

[spring hall convert]

I never make any friends when I say this but I sincerely hope the profligate clubs go bust, get kicked out of the League, reform and start again at the bottom.

I'm with you all the way, financial mismanagement has been going on too long. If you are prepared to take the risk then prepare for the ultimate sanction if it goes wrong. It might not be the fan's fault but perhaps this might give the fans a bit of a stake in ensuring their clubs are run properly rather than demanding instant success and big money transfers. I have no sympathy for clubs that sell their souls to foreign investment and then expect sympthy when their large foreign backers withdraw the money. We clawed our way out of the sh*t and paid our way when we were there, it's a lesson a few others could heed.

 

[fosters headband]

Yes, but the embargo also prevents players signing contract extensions, so at some point that great squad will start leaving for free.

But whilst they have these players they now can have a second and possibly third bite at getting promoted if they had them on long enough contracts.
They would also now not be buying players and if having successful seasons with large crowds and whittling down the debts.

 

[Herr Tubthumper]

The more I hear about FFP the more I think it amounts to a massive opportunity for lawyers.

All kinds of loopholes already seem possible, and more will doubtless emerge as the "details" become clearer.

Then there are all the various legal challenges that will emerge: some all at once, some made by representatives of clubs, some representating players, some representing others.

I think the principles behind FFP are sound and the club is right to comply, but I suspect we'll end up with a messy compromise within a few years, by which time certain clubs will have driven a coach and horses through the regulations and probably benefited.

Which legislation could a player's lawyer challenge a club?

 

[nicko31]

The whole thing sounds very flawed to me and a lot of making it up as you go along.
Don't forget Barber was telling us all last season, that it was possible for us to be fined and the money could be used to finance a Palace promotion. This year it could go to the Battersea dogs home.

The only charities that should prosper are those related to grass roots football / general sport..

 

[KZNSeagull]

But whilst they have these players they now can have a second and possibly third bite at getting promoted if they had them on long enough contracts.
They would also now not be buying players and if having successful seasons with large crowds and whittling down the debts.

Whittling down the debts is the idea - getting clubs to live within their means. If that means forcing clubs to not spend any money on new players, whilst they cannot afford the ones they have, then that is a good thing, isn't it? It is not fair, yes, if they already have a great squad but they also have to measure that against the fact that some of their assets could no longer worth anything.

 

[bn1&bn3 Albion]

Cheers for sharing, interesting video and you also got to read the emails regarding Leo's transfer!

Glad I wasn't the only one who paused the video and tried reading that..

 

[seagullsovergrimsby]

Can't help thinking it would have been a better idea for the clubs to actually finalise all the details before voting on it.

I get the feeling a few clubs voted for FFP in the belief it wouldn't affect them because they would be promoted if they gambled on spending big. If they do miss out on promotion there is always the option of taking legal action against the Football League in a test case.