Yep. The euro super league was just such an instance. Shame on us for falling for it.
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City & FFP | 2020/21 Accounts released | Revenues of £569.8m, £2.4m profit (p 2395)
- Thread starter Marvin
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Pingu the Penguin
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But additional investment could mean they’d go LOWER hence why they want to minimise that riskBut the 13 have no standing in the status quo. They occupy, with occasional exceptions, positions in the middle and lower reaches of the league and have no real prospect of going higher.
Pingu the Penguin
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The more I think about it 2 things stand out. (I) The statement on our website which only referred to the main instigators (no quotes from anyone involved in our club) and (ii) we were first outYep. The euro super league was just such an instance. Shame on us for falling for it.
think the club ultimately were rushed into something and we kept our hand in until the true implications worked out
maybe we should have been bolder and said no from start, but can kinda understand why we didn’t
ChicagoBlue
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Sooner or later there’s goi g to be a massive lawsuit over collusion, monopoly and restraint of trade. Newcastle now have the money to make that happen!
Good luck to them!
If people think wealthy owners of the past didn’t inject their fortunes into clubs to make them successful, then the footballing world has Alzheimer’s and severe dementia! It was the British MODEL, ffs! Big man in town bought the club, sat in the box looking like the big man, and lorded himself and his pals around in their Crombies while smoking cigars! Same on the Continent!
It’s a cabal of the corrupt trying to keep the money for themselves, and their fear of losing their fast track to a fortune resulted in their Super League plans!
Now, UEFA is going to try to keep them happy IN HOUSE, by rigging the game against potential newcomers!
It’s blatant, it’s in your face, but they think they can hide behind the rules THEY created to protect THEM from YOU!
Good luck to them!
If people think wealthy owners of the past didn’t inject their fortunes into clubs to make them successful, then the footballing world has Alzheimer’s and severe dementia! It was the British MODEL, ffs! Big man in town bought the club, sat in the box looking like the big man, and lorded himself and his pals around in their Crombies while smoking cigars! Same on the Continent!
It’s a cabal of the corrupt trying to keep the money for themselves, and their fear of losing their fast track to a fortune resulted in their Super League plans!
Now, UEFA is going to try to keep them happy IN HOUSE, by rigging the game against potential newcomers!
It’s blatant, it’s in your face, but they think they can hide behind the rules THEY created to protect THEM from YOU!
A lot easier to sue PL here than UEFA in Europe, where the case died a death in the gap between Belgian courts and ECJ.Sooner or later there’s goi g to be a massive lawsuit over collusion, monopoly and restraint of trade. Newcastle now have the money to make that happen!
Good luck to them!
If people think wealthy owners of the past didn’t inject their fortunes into clubs to make them successful, then the footballing world has Alzheimer’s and severe dementia! It was the British MODEL, ffs! Big man in town bought the club, sat in the box looking like the big man, and lorded himself and his pals around in their Crombies while smoking cigars! Same on the Continent!
It’s a cabal of the corrupt trying to keep the money for themselves, and their fear of losing their fast track to a fortune resulted in their Super League plans!
Now, UEFA is going to try to keep them happy IN HOUSE, by rigging the game against potential newcomers!
It’s blatant, it’s in your face, but they think they can hide behind the rules THEY created to protect THEM from YOU!
The Future’s Blue!
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I’m fairly certain that this was brought into UEFA FFP when some of the old G14 wanted to pump some money into their club on change of owner.It is shocking the way Newcastle are being treated. Like any other new business they require a major injection of cash in the short-term. It is the only way they will even be able to reach the top table. There should at least be a period of time, perhaps three to five years, when they are allowed to spend well above FFP rules. This should apply to all new owners of clubs.
These new proposals will stifle any club that wants to show a bit of ambition. LFC have already tried to prevent Everton's new stadium by de-railing the planning application at the council. Now they will do everything they can behind the scenes to prevent them investing. This is just corruption.
It will be very interesting to see when the PL try to stop Newcastle investing as they’ve already stated that they will take it to court. Can you imagine the PLs defence trying to paint a picture of how this is good for the league, with Toon just pointing out how hastily it was brought in, pointing directly at the Yank cartel clubs for monopolising the league.
The new owners rule was brought in when the buyers of both Milan clubs complained that ffp made it impossible for them to lift the clubs up.I’m fairly certain that this was brought into UEFA FFP when some of the old G14 wanted to pump some money into their club on change of owner.
It will be very interesting to see when the PL try to stop Newcastle investing as they’ve already stated that they will take it to court. Can you imagine the PLs defence trying to paint a picture of how this is good for the league, with Toon just pointing out how hastily it was brought in, pointing directly at the Yank cartel clubs for monopolising the league.
cheekybids
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I think it’s great…….
Once again the Yankee istoreee clubs put all their efforts into corporate shenanigans instead of looking at how they can be a better all round club & win fairly.
keeps them shit.
Once again the Yankee istoreee clubs put all their efforts into corporate shenanigans instead of looking at how they can be a better all round club & win fairly.
keeps them shit.
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bluetonium
Well-Known Member
Part of me hopes Newcastle go down just to see if they'd sue.
The premier league have certainly put roadblocks in the way of their investment, and relegation could cost then millions both immediately and in terms of future revenue, lost big name signings, and whilst very subjective whether they would have stayed up, I think it could be demonstrable that the efforts of the premier league, fuelled by direct league competition, prevented them unduly from investing and thus unfairly influenced the league and Newcastle's revenue and ability to attract fair value future sponsorship of any kind.
I'd be up for watching that unfold in place of the Qatar world cup.
If Newcastle get some funny decisions in the run in then it's possible that someone at the premier league HQ has looked up from the trough just long enough to see the onrushing headlights.
The premier league have certainly put roadblocks in the way of their investment, and relegation could cost then millions both immediately and in terms of future revenue, lost big name signings, and whilst very subjective whether they would have stayed up, I think it could be demonstrable that the efforts of the premier league, fuelled by direct league competition, prevented them unduly from investing and thus unfairly influenced the league and Newcastle's revenue and ability to attract fair value future sponsorship of any kind.
I'd be up for watching that unfold in place of the Qatar world cup.
If Newcastle get some funny decisions in the run in then it's possible that someone at the premier league HQ has looked up from the trough just long enough to see the onrushing headlights.
I was thinking these rules could clearly affect or attempt to affect us given our owners political power and that of our Chinese backers and the various boards our owner and his fellow board members sit on along with the other investor we have and there connections especially the American ones. Also CFG have invested in Sapphire sports which invests in start ups in sport we could see some of those high risk high growth sport / tech companies turn into mammoth companies and they would want to sponsor sports teams but they now wouldn’t be able to sponsors one of the best