Absolutely, and their accounts appear to be pretty creative, just take a look at this excellent piece of journalism from David Conn.
https://www.theguardian.com/football/2015/mar/06/leicester-city-football-league-financial-fair-play
They have a draft but also have nowhere else to go.
Try it here and end up with a similar system to Rugby Union where the best players bugger off to France and take the cash.
Why? Clubs have never done that before and it doesn't exist for other industries so why football?
All that will happen is that clubs will use smart arse lawyers and accountants to circumnavigate the rules.........as they do already with the existing FFP rules.
Eh?
We've finished 10th, 4th, 6th, 20th and 3rd.
Unless you're from Norwich you should have run out of all your fingers on one hand by now.
It's year SIX
Agreed, but Wednesday did have a manipulative foreign chairman previously and the connections of the current one aren't angels.
Hats off to Leicester, but dig deep into their accounts and things are quite murky.
Indeed, although according to norman Baker Suck My Lozenge he should step aside for a foreigner with no connection to the club.
That's worked really well for Villa, Leeds, Forest, Blackburn, Birmingham et al.
He has underwritten trading losses of about £100 million.
The ground was initially £90 million when capacity was 21,000, spent another £20 mill upgrading it to 30,750.
As for the £180 million payback you quote, that includes two years of parachute payments and ignores that if promoted the wage...