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Guest
They should be honest and call it the fuck new new money rule.
Hopefully United's proposed development of Old Trafford goes exactly like this. And then some! How funny would that be that they end up falling foul of these new rules?One point to note on infrastructure spending.
It is still a Profit/Loss calculation. So if you spend £100m on a stadium and add a £100m asset to the books the loss is £0. So no impact.
The issue as i see it is the risk of these projects, typically these big projects go wrong and you have to write of chunks of the value eventually. So you spend £150m as the first estimate was wrong - you add a £150 asset to the books but down the line you have to come clean that the asset is only worth £100m. That £50m write off is what will get you. All big infrastructure projects go like this.
Pretty certain we could use CFG for any future infrastructure projects thus circumnavigating any new rules on investment?I presume the infrastructure thing will fuck Chelsea, Spurs, United and Liverpool more than us, their planned redevelopments or the ones they are already paying for will now directly affect FFP calcs.
Our training ground and Stadium is developed and paid for already, North Stand excluded.
The Youth Development thing is a worry though, seem to have been coining it in recently.
Yes, but UEFA may not work to accounting standards for their calculation. Remember, in our case they tried to interpret IAS 24 in their own way but gave in after the 2014 pinch agreement.Its basic accounting - that is how it would work.
They should be honest and call it the fuck new new money rule.
In a way its spending any money that gets hit by this. Its basically a set of rules that compounds any misery and stops any speculation or investment.They should be honest and call it the fuck new new money rule.
Yeah and I think the campus and EDS will continue to be very ample and very useful income generators which may upset some purists.I reckon that situations like we have with Sterling, or had with Milner, where players wind down their contracts looking to move on a free, will be less frequent under the new rules. Any player refusing to sign a new contract with 2 years left on their existing contract will be forced out in my opinion.
The new PL rules attempt to catch group transactions as related City transactions.Pretty certain we could use CFG for any future infrastructure projects thus circumnavigating any new rules on investment?
Should have expanded the north stand earlier.
Can you put a wee bit more meat on the bones please pal as I wasn’t aware of that?The new PL rules attempt to catch group transactions as related City transactions.