Please explain FFP in very simple terms

[Hastings gull]

Good Evening to you, fellow Albion nuts,

I wonder if someone would be so good as to advise me, in words of less than two syllables, exactly what is meant by FFP. I/we hear it all the time, but, not being terribly clued up with regard to finance, I am really not sure what is involved. Is there a restriction on how much can be spent on players? Does the building of a new stadium and training centre impact on what can be spent on the team?
On a slightly different tack, though still to do with finance -how are we in so much debt, allegedly, as I am sure I saw a figure of 8 million. Is this because TB is being paid back a chunk each year. Before we started at Falmer, I am sure that I read that we needed 12.000 to break even, and of course we are well above that. Yes, there are overheads, but I assume that they knew this.
Go easy on me, as I won't understand financial clap-trap, so please keep it simple.
I thank any respondents in anticipation of their help.
Great result today - perhaps a Championship team at home in the fifth round and if we win that , then a "plum" draw in the quarter finals -at home of course!!

 

[Mr Smggles]

Outgoings <= income

 

[symyjym]

Outgoings <= income

Outgoings is three syllables.

Perfectly explained though.

 

[gripper stebson]

I'm no expert either but I think it stands for Foregoing Future Players.

I may be wrong.

 

[Rugrat]

FFP = failed attempt at controlling the excesses of 21st century football

 

[WhingForPresident]

Forest have just signed ANOTHER striker, from Olympiakos this time. I would love to know how their hoarding of TEN first-team strikers fits in with FFP.

 

[fosters headband]

FFP = failed attempt at controlling the excesses of 21st century football

Depends which club you apply it to, if it is us then it is Financial Fair play
If it is clubs like Palace, Leeds, Leicester and currently Forest it is Financial Foul Play

 

[Guy Fawkes]

Don't spend too much more than you earn or you will get a slap (a fine depending on if you go up or or transfer ban if you don't)

 

[Rugrat]

Depends which club you apply it to, if it is us then it is Financial Fair play
If it is clubs like Palace, Leeds, Leicester and currently Forest it is Financial Foul Play

Financial ****ing Pisstake

 

[Biscuit]

Toothless.

 

[One4the.road]

It's on the verg of being scrapped only club that seems to want it is Brighton .

 

[Husty]

About 2 weeks since the last one of these try doing a search

 

[Norman Baker suck my lozenge]

Excuse

 

[Dave the OAP]

F= FIFA
F= Fecking off.
P= pSupporters.

A tad poetic license but the sentiment is there!

 

[Bean]

About 2 weeks since the last one of these try doing a search

 

[JBizzle]

Basically, it's a plan to keep the European elite ahead of the others. At our level it only matters if you don't go up from what I can tell...

 

[portslade seagull]

Don't spend too much more than you earn or you will get a slap (a fine depending on if you go up or or transfer ban if you don't)

Possibly !

 

[nicko31]

I'm starting to worry about FFP, will they really impose the rules. We seem to be making sacrifices, just hope they follow through. Will be interest to see who relegated PL clubs fair

 

[Guy Fawkes]

It seems everyone is very happy to spend other people's money (a bit like Pompey fans before they crashed and burned in spectacular fashion)

Why should a chairman who has invested over ONE HUNDRED MILLION of his own money into the club, have to keep dipping into his pocket to fund further losses (especially after we have been losing money for decades already)

 

[symyjym]

I'm starting to worry about FFP, will they really impose the rules. We seem to be making sacrifices, just hope they follow through. Will be interest to see who relegated PL clubs fair

If we don't set the bar FFP will fail.

By us adhering to it gives the FA something to work from.