City & FFP | 2020/21 Accounts released | Revenues of £569.8m, £2.4m profit (p 2395)

[GoatsDomeWax]

First rule change should be to stop Leveraged Buyouts.
Thankfully too late for the Rags, but a potential blight on the future of smaller clubs in future.
If you need to borrow money to buy a club, then by definition you are an unfit owner.

 

[Esteban de la Sexface]

I can see you’re in the tiny minority (of one) on this one so it’s probably not worth responding further. No one’s supporting your argument and you’re unlikely to remove yourself from this hill you appear happy to die on. Bark at the moon all you want.

Jazz hands

 

[aguero93:20]

Just want to say mate, great reply to that scouser on the redcafe city/ffp thread.

Interesting read that, it's broadly along the same lines as the other big forums and other social media as well in that the only people left who don't think FFP was just a protectionist racket designed to entrench a small number of clubs are rag and dipper fans and even then it's nowhere near all of those. Cat seems very much out of the bag for the G14.

 

[Esteban de la Sexface]

You are wilfully misunderstanding me . I never said no regulation, I said regulate the balance sheet, specifically debt, not the P and L
Read my posts, you are getting your knickers in a twist.

If you regulate debt you regulate the p and l. I mean for fuck sake

 

[The Future’s Blue!]

Detail of the invitational for historical clubs who can no longer attain top 4, soon followed by the rescinding of FFP.

 

[aguero93:20]

If you regulate debt you regulate the p and l. I mean for fuck sake

No, you don't. You can run at a profit while massively increasing debt and you can run at a loss while reducing it over any period, but especially a shorter one. Looking at 3 year snapshots of the P&L has no impact on debt levels. Burnley would have flown past FFP every year since it's introduction but thanks to a leveraged buyout they're now in negative equity - they owe more money than the club is worth. We've been in profit every year for the last 5 or 6 years but our net debt position has grown. Spurs haven't lost money in the last decade but their debt has increased by £500m.

 

[Bill]

I particularly enjoyed this on Red Cafe:

that's pretty desperate . we must fuck with his head 24/7.

 

[Esteban de la Sexface]

For all the juvenile people that seem to be responding to me, being in favour of some form of regulation doesn't mean I was in favour of financial "fair" play. That was an attempt at racketeering to protect a few elite clubs from the "evil" from the east. It was wrong and proven so in law.

To claim football then doesn't need some form of regulation is short sighted. Its spiralling out of all control in every facet. At some point that blows up

 

[Blu3m00n91]

 

[Irlamblue]

is it just a coincidence that real madrid and barcelona are in a financial mess.....