• "Financial Fair Play, we're top of the league", true or false?

    "We're top of the league, we're top of the league, Financial Fair Play, we're top of the league", so sang an Albion wag at Birmingham yesterday as yet another five yard pass from JFC went to an opponent or bounced off CMS's shin.

    Sadly the analysis was about as accurate as the Albion's passing. As much as the finger wagging about FFP from Albion grande fromage Paul Barber irritates fans, and social media goes into apoplexy at the activities of other clubs who some Albion faithful believe are 'cheating', the Albion actually overachieved on the pitch based on the most recent figures, as our table (below) illustrates.

    The fourth position under Gus just 16 months ago, which seems light years ago now with so many of the team (and management) now elsewhere (mainly in the Premier League), was a good performance, and perhaps vindicates Poyet's view that the club had 'hit the ceiling' in terms of being competitive.

    Last season under OG showed that you can still do well without spending money, but eventually things will catch up with you, and it looks as if chickens may come home to roost in 2014/15, unless the Albion can unearth a gem or replace players on a like for like basis.

    Perhaps the most depressing reading for fans of ALL clubs in the Championship is that the collective losses in the division were 322 million, and with a TV deal that is worth 50 million LESS than the previous one, the gap between parachute payments funded PL clubs and those without is going to widen even further as the Sky/BT Sport battle for Premier League rights increases the benefits to those clubs in the top flight.





    League Position   Turnover ('m) Wages ('m) Wages Position Profit/(Loss) before player trading('m) Loss before trading position Profit/(Loss) pre-tax 'm FFP Position
    15 Blackpool 22.4 11.9 22 6.5 24 5.5 1
    21 Barnsley 9.1 7.7 23 (0.9) 22 1.9 2
    5 Palace 14.5 18.8 12 (11.5) 10 1.6 3
    22 Peterborough 10.0 6.2 24 (0.5) 23 0.0 4
    3 Watford 18.6 12.8 17 (2.7) 21 (1.3) 5
    18 Sheff Wed 14.9 11.9 21 (2.9) 20 (3.7) 6
    19 Huddersfield 11.8 13.4 16 (8.8) 13 (4.0) 7
    12 Birmingham 24.7 22.9 7 (7.1) 14 (4.1) 8
    10 Derby 15.4 12.1 19 (3.5) 19 (5.2) 9
    9 Charlton 11.9 12.0 20 (6.3) 16 (6.0) 10
    20 Millwall 12.8 12.1 18 (4.0) 18 (6.2) 11
    11 Burnley 15.8 15.5 14 (4.8) 17 (7.6) 12
    13 Leeds 29.2 20.0 11 (10.0) 12 (9.8) 13
    14 Ipswich 14.0 15.0 15 (7.1) 15 (9.8) 14
    24 Bristol City 9.9 16.9 13 (11.6) 9 (13.0) 15
    4 ALBION 23.5 21.1 8 (12.6) 8 (15.3) 16
    8 Forest 14.4 21.0 9 (14.8) 7 (17.1) 17
    16 Middlesboro 14.3 20.7 10 (17.6) 5 (18.5) 18
    2 Hull 17.0 25.9 6 (21.0) 4 (25.6) 19
    1 Cardiff 17.3 32.8 4 (25.6) 1 (30.4) 20
    23 Wolves 32.1 37.8 1 (10.6) 11 (33.1) 21
    6 Leicester 19.6 26.1 5 (16.5) 6 (33.4) 22
    17 Blackburn 26.9 36.7 3 (24.3) 2 (36.5) 23
    7 Bolton 35.1 37.4 2 (22.9) 3 (50.6) 24
      Total 435.2 468.7   (241.1)   (322.2)  
      Average 18.1 19.5   (10.0)   (13.4)
    Comments 3 Comments
    1. KZNSeagull's Avatar
      KZNSeagull -
      Interesting stuff. Any idea of the date that FFP accounts for last season have to be lodged and will be made available for public consumption? Is is still sometime in December?
    1. Peter Grummit's Avatar
      Peter Grummit -
      I agree with your fundamental conclusion EP, that parachute payment and Championship TV money trends are likely to widen the financial gap between haves and have-notes. However, interesting though the table is it seems of largely historical curiosity being based on 2 seasons ago. This is because much of what drives the rankings appears to be based on 2 key factors: (1) the trend of parachute payments by club; (2) the scale and timing of transfer dealings. For example, Blackpool were presumably still in significant receipt of parachute payments and had downsized their wage bill way beyond the likes of Bolton and Wolves. And presumably Palace's relative high FFP ranking, despite their wages being 130% of turnover, rely on the sale of Zaha.
      On this basis, given the huge transfer dealings profit we have made this summer, it is perfectly plausible we could be top of the FFP League at present. Personally, I am very comfortable with the Club securing 'bargain' players such as Holla and quality season-long loans like Teixeira and Bennett. I suspect we will re-invest a decent chunk of Ulloa's money in a replacement striker before the end of the month. What is your view on the current financial position of the Albion, not least to put to bed the phrase that accountants know the cost of everything and the value of nothing?

      PG
    1. tinycowboy's Avatar
      tinycowboy -
      Does anyone think that FFP will actually be enforceable anyway? If it's abandoned, will that change our approach? If it doesn't, are we going to see more fan discontent as they see our competitors running their clubs into the ground? Sorry - questions, but no answers.....

      http://www.oxera.com/Latest-Thinking...ue-of-foo.aspx
  • Advertising