PL charge City for alleged breaches of financial rules

halfcenturyup said:
A cap as a % of revenues, or an anchor?

I don't see how either of those do anything to improve competition, honestly.
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either options are just as bad , how can 17th placed club ever aspire to anything other than 17th place if they are not allowed access to the same resources as 16th, 10th, place ...or even higher

i dont think the team in 14th place would like it either
 
spinney said:
either options are just as bad , how can 17th placed club ever aspire to anything other than 17th place if they are not allowed access to the same resources as 16th, 10th, place ...or even higher

i dont think the team in 14th place would like it either
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Really, it's time to bite the bullet on financial rules, scrap the whole lot and start again with things that are important to sustainability: proactive loan management, proactive funding of losses and ownership of grounds, for example. Increased competition in two to three years. The top clubs have to meet UEFA FFP anyway.
 
give it to gordon said:
How about just scrapping any financial rules and just operate an open market like in all walks of business.
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Yes, but even an open market needs some oversight.
Big business is always trying to ensure maximum profits, annd one way of doing that is by operating as a cartel or a monopoly.
Govt steps in after the fact, to monitor and attempt control, but generally it is toothless or things get mired in years of litigation. Although not perfect, the way the US govt can cut to the chase on many fraud/cartel cases, would be nice if the UK followed the same process.

Anyway… moving back to the PL, that’s currently the problem… the overseers are the PL, and the PL are working at the behest of the red cartel. Not one stage of the many introductions of financial rules has been done for the benefit of the majority, nor the protection of weak, it’s all about protecting the cartel’s position at the top. Lip service is paid and shilled by a compliant media about the benefits of these rules ‘for all’, but any simple analysis shows whom the changes mainly benefit, and who are detrimentally impacted.
The glaring omission of tackling debt (which we all know was upper in the thoughts of the original ffp, until it was ‘Mysteriously’ removed from history), and other potential rules to bring stability and sustainability are other massive pointers to the level of kowtowing the PL engage in.

The entire football pyramid needs impartial oversight. Oversight that puts sustainability, stability and evenhandedness as its guiding principles.

The PL at the moment is the complete opposite of those.
 
give it to gordon said:
How about just scrapping any financial rules and just operate an open market like in all walks of business.
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Or how about having financial rules but ones that actually protect clubs properly, which would include monitoring debt and understanding how these debts, short or long term, will be managed.

Because that issue forced Portsmouth into administration, nearly forced us into administration and killed Bury completely. In all those cases, the current regulations were, or would have been, totally ineffective in preventing that.
 
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Prestwich_Blue said:
Or how about having financial rules but ones that actually protect clubs properly, which would include monitoring debt and understanding how these debts, short or long term, will be managed.

Because that issue forced Portsmouth into administration, nearly forced us into administration and killed Bury completely. In all those cases, the current regulations were, or would have been, totally ineffective in preventing that.
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Only thees.
 
halfcenturyup said:
Really, it's time to bite the bullet on financial rules, scrap the whole lot and start again with things that are important to sustainability: proactive loan management, proactive funding of losses and ownership of grounds, for example. Increased competition in two to three years. The top clubs have to meet UEFA FFP anyway.
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Eeexakerlee !
 
Prestwich_Blue said:
Or how about having financial rules but ones that actually protect clubs properly, which would include monitoring debt and understanding how these debts, short or long term, will be managed.

Because that issue forced Portsmouth into administration, nearly forced us into administration and killed Bury completely. In all those cases, the current regulations were, or would have been, totally ineffective in preventing that.
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I conker
 
halfcenturyup said:
Really, it's time to bite the bullet on financial rules, scrap the whole lot and start again with things that are important to sustainability: proactive loan management, proactive funding of losses and ownership of grounds, for example. Increased competition in two to three years. The top clubs have to meet UEFA FFP anyway.
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This must seem eminent good sense to most City fans but unfortunately cost control measures will not be agreed on here but in the much less dispassionate atmosphere of PL meetings and votes. The sad fact is that not all PL clubs agree on what is important to sustainability or even on which club's sustainability is important. I believe several clubs don't even see why they can't simply re-enact the old rules! They are unlikely to vote to recognise low or no interest loans as ATP's. Then there is the PL which seems quite happy abusing its dominant position and has hardly been a shining example of an even handed governing body.

But the real nightmare scenario might grow out of your last sentence - "the top clubs have to meet UEFA FFP anyway". Let us suppose that rules which satisfy the requirements of the PL and our laws are introduced. We are then to assume that these meet the requirements of UEFA's FFP and that UEFA's FFP meets the requirements of EU competition law, which is identical to ours. This is at least open to doubt and the road could be open to years of legal wrangling, to the detriment of the game on a continental scale.

I agree with your sentiments, but "biting the bullet" doesn't seem tickle the taste buds of many clubs, the PL or UEFA.
 
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