Generic clubs in financial crisis Thread

[Wimb]

I like the nobility of giving that £22m fine to charity but surely you should pump some back into the game to give to clubs that might be struggling?

[soggy biscuit]

I like the nobility of giving that £22m fine to charity but surely you should pump some back into the game to give to clubs that might be struggling?

Leicester could then put in a claim for some of it as they were struggling after being hit with a £22M fine

[Wycombe Royal]

There is no fine, so it's all pretty irrelevant really.

[wally bassoon]

It was down to Leicester that the points deduction for going into Administration came in was it not.

After they when into admin and got promoted to the premier league in the same season a few years back.

The reason they made it on to my massive list of clubs I hate.

[Wimb]

I like the nobility of giving that £22m fine to charity but surely you should pump some back into the game to give to clubs that might be struggling?

Leicester could then put in a claim for some of it as they were struggling after being hit with a £22M fine

True....

Was more thinking along the lines of it being used for grants for things like ground improvements, academy funding etc.

[soggy biscuit]

mine wasn't a very serious comment

[Wycombe Royal]

I like the nobility of giving that £22m fine to charity but surely you should pump some back into the game to give to clubs that might be struggling?

The Fair Play Tax will be applied at the following thresholds:

(a) 1% of the excess between £1 and £100,000;
(b) 20% of the excess between £100,001 and £500,000;
(c) 40% of the excess between £500,001 and £1,000,000;
(d) 60% of the excess between £1,000,001 and £5,000,000;
(e) 80% of the excess between £5,000,001 and £10,000,000; and
(f) 100% of the excess over £10,000,000

Any proceeds will be distributed equally amongst clubs that have complied with the Financial Fair Play regulations for the season in question.

http://www.football-league.co.uk/page/FLExplainedDetail/0,,10794~2748246,00.html

[SPARTA]

I like the nobility of giving that £22m fine to charity but surely you should pump some back into the game to give to clubs that might be struggling?

And grass roots football that is crying our for more backing.

[Who Moved The Goalposts?]

It was down to Leicester that the points deduction for going into Administration came in was it not.

After they when into admin and got promoted to the premier league in the same season a few years back.

The reason they made it on to my massive list of clubs I hate.

And ended up getting their shiny new stadium on the cheap.

[Badger Finger]

They have though, had to spend a lot of money on that shiny stadium to keep it standing up.

There was a lot wrong with one of the stands apparently.

[SPARTA]

With FFP, what's stopping an owner sponsoring the stadium or kit for £50m a year through another of his businesses? There must be some loopholes to get around these rules?

[floyd__streete]

It was down to Leicester that the points deduction for going into Administration came in was it not.

After they when into admin and got promoted to the premier league in the same season a few years back.

The reason they made it on to my massive list of clubs I hate.

And ended up getting their shiny new stadium on the cheap.

How so?

And didn't RFC get the land to build the Madejski for a quid from RBC? They wouldn't have sold the land as cheaply to B&Q, for example.....

[Wycombe Royal]

With FFP, what's stopping an owner sponsoring the stadium or kit for £50m a year through another of his businesses? There must be some loopholes to get around these rules?

Nothing and that is what both Man City and Leicester have been accused of.

Personally I don't see the problem with rich owners ploughing money into a club as long as it is gifted to the club and not put on the balance sheet as debt. The argument is that that situation continues the imbalance in football where the most generous owners will have the best performing clubs. But all FFP does is makes it unbalanced towards the clubs with the highest revenue streams.

They are never going to make it a level playing field unless they adopt some sort of system like the US uses (please God no...) so they might as well just give up now and just penalise those clubs who spend money they don't have. No complex rules, just ban owner debt on the balance sheet and then penalise clubs if they overpsend.

[SPARTA]

Leicester lost:

£30m in 2011/12
£34m in 2012/13.

David Conn suggests they are a long way off FFP.

[Wycombe Royal]

Leicester lost:

£30m in 2011/12
£34m in 2012/13.

David Conn suggests they are a long way off FFP.

Taking out the one off items in 2012/13 i believe their losses would have been around £17m for the year. This year they have apparently reduced their wage bill, not spent much on transfers and increased their revenue, so their 2013/14 accounts should show a big improvement.

[SPARTA]

Leeds' take-over to the crook Cellino will collapse if he is found guilty of tax evasion on March 18th. Anything to prolong Leeds' agony warms my heart!

Our own take-over is currently sat with the Football League, so I shouldn't laugh too hard..

[ZacNaloen]

So who;s buying us then?

[SPARTA]

So who;s buying us then?

That's the one bit that no-one seems to want say. I'm happy to DM you what I know. I'm sure it tallies up with what a few trusted posters on here can tell you.

[ZacNaloen]

Go for it

[winchester_royal]

^+1..if you would be so kind Sparts