- 5 Jul 2009
- Somewhere Over The Rainbow....
There's a major difference between planned investment and loading debt on a football club and the two couldn't be further apart.They say owners are stopped from loading debt on the club it will be better for football. All the problems stem from there. Compare the owners at Liverpool and Utd to ours. Our owners have invested hugely the others simply take out. Happened to us prior to the takeover.
Our model was always a period of heavy investment with the ultimate goal being self sustainability. Any debt was converted into equity so our club was never at risk. This was explained to UEFA, but they ploughed ahead with their attempts to stop us which led to our record fine.
BUT as was pointed out, as soon as the Italians who helped bring about FFP became victims of it themselves, FFP was amended to become what we suggested it should be in the first place. If a new owner wants a period of accelerated growth then show a business plan and a bank balance to prove you have the money and rules should be put in place to ensure any ensuing debt is levied against the owner and NOT the football club.
Funny this is how FFP has evolved JUST after we moved into self sustainability. The only thing I pray for now is that Platini receives a hefty prison sentence for being the crook he is. It would be funny watching him trying to plea bargain his way out of it by grassing up his fellow FFP conspiritors!