Should FFP be scrappped for something different

[King KdB of Belgium]

It is about time that UEFA dropped FFP and substituted for what I call COP, which stands for CAN OWNERS PAY. In other words e.g. should the bank to which M.U. are in debt too, come calling for the football club to reduce their debt, to the bank have the owners enough money in their own accounts to reduce the debt. If they can't do this then they should be banned from signing any players until the debt is reduce by a level which is set by the governing bodies. I would set that limit by around 40-50%

This should be the way that the bosses of both the Premier League, and those that run all the other leagues, should have as their number 1 rule, before they allow any takeover to take place. Their is no point in allowing a take over to take place if they owners can't pay of any debts which are owed, be it to the banks or creditors.

 

[aguero93:20]

Scrap it altogether, clubs should be responsible for their own affairs within the legal and commercial guidelines of their home countries and neither UEFA or any National FA is fit to act as a financial regulator.

 

[Neville Kneville]

It would have been that in the first place, if Sheikh Mansour had taken over at Utd or Liverpool, or AC milan.

It's never been anything to do with 'safeguarding' clubs spending. If it was, they would have brought it in at the time Leeds ended up in the shit & Ken Bates almost put Chelsea out of business (or maybe when Michael Knighton almost bought Utd for some beans).

 

[waspish]

Yep QPR for example have a very rich owner he should be able to throw as much money down the toilet as he wants!

Where has the 40 odd million fine gone? Championships directors pockets?

 

[ancoats]

why was it put in place other than stopping manchester city football club winning the champions league and becoming a empire that is the question

money is good for football and all the great clubs have big money investors from outside of the game its how it works today, revenue from gate receipt is so small all of the big clubs could live without it, the thing that should be looked at by the FFP and done something about is debt at them so called big clubs it should never be put back into the valuation of the clubs and what they are worth at the moment, just look at united is that debt of £400 million and growing is it ever going to be paid other than if they sell the club and even then gets passed on to the value they get if sold ???

 

[Gordyola]

No because we are now alright Jack. Some of the clubs that voted for FFP in Europe and PL are now hamstrung by it so fuck em

 

[Jazzman]

IMO FFP should be scrapped completely. It is only there to protect the interest of a few clubs anyway, and it is doing that by being explicitly targeted at ourselves and PSG. It is just wrong in so many different ways.
If anything rules should be put in place to give all clubs the same financial starting point, such as an absolute transfer limit, and a wages limit, a bit like it is done in the NFL for example. I liked the 70ties where we had a different champion every season (more or less). Now this is never gonna happen, so remove FFP and accept that money rules. IMO it will end in some sort of European or Worldwide super league, because in the end the difference between the big and the small clubs will become too big for the national leagues to make sense. City will be there.

 

[Gareth Barry Conlon]

It is about time that UEFA dropped FFP and substituted for what I call COP, which stands for CAN OWNERS PAY. In other words e.g. should the bank to which M.U. are in debt too, come calling for the football club to reduce their debt, to the bank have the owners enough money in their own accounts to reduce the debt. If they can't do this then they should be banned from signing any players until the debt is reduce by a level which is set by the governing bodies. I would set that limit by around 40-50%

This should be the way that the bosses of both the Premier League, and those that run all the other leagues, should have as their number 1 rule, before they allow any takeover to take place. Their is no point in allowing a take over to take place if they owners can't pay of any debts which are owed, be it to the banks or creditors.

As a corporate financier there are a few things i should point out.

1, when a commercial organisation borrowers money there is no obligation for the owners to bail it out in the event of trouble.

When the Glazers borrowed heavily to buy MU they did it with debt as that would give them the option to walk away if it all fell apart - they still have that option as do many owners of clubs in debt.

2, there is a rule unique to football that all the football debts must be repaid for a club to continue to participate in the football hierachy. This is a quirky rule that ensures when clubs go bust they go bust with all the other clubs getting paid out. There are few exceptions to this - Rangers being the only one of the top of my head where the debt was far to big and the current Rangers club is basically a new co.

As are result of the above the PL or UEFA etc would not want to adopt your proposal as the majority of football investors do so with debt alongside the money they put in and rule 2 ensures clubs almost always get the money they are owed in a failure. FFP was very political in that it targeted investment and investment is not really a bad thing. There are many elements of FFP that will actually help us now as it stops anyone coming up.

 

[Prestwich_Blue]

If UEFA genuinely want financial fair play then they should introduce revenue sharing across the whole of UEFA, put in place a salary band similar to American sports, where there's a minimum and maximum level, and ban club takeovers being financed by debt secured on club assets.

There should also be a 'golden share' whereby the national association or some other body can take control of a club and oust the owners if they feel the club isn't being run as it should be.

 

[Patientman63]

Keep it as it is.

Don't give the bastards another opportunity to create a new way of fucking us over, leave their original half arsed tin pot effort as it is.