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

What’s all this shit about money running out, we don’t have a stash under the floorboards ffs. The whole “project” was about setting up a global football organisation with us at its centre. It has worked and we are now a viable profit making business with no debts to service and the model is that robust it has and will continue to grow even during this pandemic.
The best news about uefa revising ffp, is a pisser really, their babies Barca rags Juventus Madrid are in debt, allowing them to spend is not a recipe for their survival, the whole point of ffp was to avoid clubs going to the wall, pmsl they have hopefully just loaded the gun and it has 4 good bullets in it, the summer transfer window will be the trigger
 
Kazzydeyna said:
It doesn’t have to be draconian (no debt allowed) that wold be impractical and possibly a restraint of trade as most businesses run on a certain level of debt for various reasons. But it should be sensible, at a level of say 10% of total income, give or take a % or two.
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But isn't this just financial fair play repackaged - you can't compete unless you already have revenue or get bought out? It's basically regulating to maintain the status quo.

I just think the fairest and most sustainable way is through limits on salary - through a league based cap system and limits on transfer fees. Agents are driving the greed and need to be regulated in a big way. As far as i can see they operate carte blanche and are protected and uninhibited to suckle off clubs like Liverpool who are blatantly misusing agents and getting bled financially by them
 
Ribchester said:
What’s all this shit about money running out, we don’t have a stash under the floorboards ffs. The whole “project” was about setting up a global football organisation with us at its centre. It has worked and we are now a viable profit making business with no debts to service and the model is that robust it has and will continue to grow even during this pandemic.
The best news about uefa revising ffp, is a pisser really, their babies Barca rags Juventus Madrid are in debt, allowing them to spend is not a recipe for their survival, the whole point of ffp was to avoid clubs going to the wall, pmsl they have hopefully just loaded the gun and it has 4 good bullets in it, the summer transfer window will be the trigger
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so the biggest clubs in the world are in financial trouble - and you don't think the money is running out. OK.
 
Esteban de la Sexface said:
so the biggest clubs in the world are in financial trouble - and you don't think the money is running out. OK.
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These clubs then should reduce their debts and thus interest rates yearly.

they can also cut costs by selling players which also raises capital.

These clubs still have huge revenue, they just dont want to cut costs.
 
Esteban de la Sexface said:
But isn't this just financial fair play repackaged - you can't compete unless you already have revenue or get bought out? It's basically regulating to maintain the status quo.

I just think the fairest and most sustainable way is through limits on salary - through a league based cap system and limits on transfer fees. Agents are driving the greed and need to be regulated in a big way. As far as i can see they operate carte blanche and are protected and uninhibited to suckle off clubs like Liverpool who are blatantly misusing agents and getting bled financially by them
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But that wouldn’t work. We have had salary caps before and clubs got round them easily enough (player X’s mum gets nice new house. His dad gets a lovely job at the club as chief sock pairer etc). It’s also possibly a legal minefield unless you want to cap salaries in every single industry. In which case how much should Chesney get paid for acting in Corrie for example?)

If we are worried about the money running out then we HAVE to regulate the games finances. Regulating investment hasn’t worked, that has actually limited the amount of money running through the game and concentrated the bulk of what there is at the top of the pyramid.

All I am suggesting is that we treat football like any other business, in any country in the world. If business X has the money to spend then they can spend it on whatever they like and as much of it as they have available. Crack on etc. If business Y has a smaller cash flow then they CAN go into a certain amount of debt to invest in their business of course but regulation stops them from over extending themselves.

No business in history has ever gone bust from having too much money in the bank. Every business that has ever gone bust in history has done so because it didn’t have enough money in the bank.

My solution would put football in line with the rest of society. I don’t feel it should be treated as a special case. Why do you?
 
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