Silly question on ffp regs as my brain is consumed with rules directly affecting us at the minute.FFP could be more effective if it took a more holistic (is it safe to use that word yet?) look at clubs' financial situations.
At the moment it just looks at the P&L account yet you could have two clubs with identical revenue and bottom lines but one has loads of cash in the bank and the other could be weighed down with debt and struggling to meet the repayments. Currently FFP sees those two as equal, whereas the reality is that the latter is far more at risk than the former.
What's to stop a club taking a £500 million loan against the club to buy players, as long as they can afford the repayments?