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- Thread starter jimharri
- Start date
squirtyflower
Well-Known Member
This is a god send for usDamocles said:The top four are fucked due to the finances section.
All 20 Premier League members also agreed to adhere to a set of financial reporting rules designed to protect the viability and sustainability of the clubs.
Finances
"They will all have to annually submit accounts and future financial information," said Scudamore.
"At all times the board of the Premier League will be applying a test which basically says this: can the club fulfil its fixtures, pay off its creditors when they are due and also to meet obligations to the Premier League's contracts and partners?
"If the board believe a club is at risk of not meeting those obligations, it has to then step in and agree a budget for the running of that club. Any transfers can be embargoed.
"It's absolutely crucial that these clubs are run as ongoing viable concerns. These financial rules apply immediately.
]"This is tied in, and we passed the rule during the summer, to a 'fit and proper person test'. At our club meeting last week, the clubs absolutely endorsed our position of not linking expenditure to income."
Bluemoon115
Well-Known Member
squirtyflower said:This is a god send for usDamocles said:The top four are fucked due to the finances section.
I'm guessing it was 16 clubs, and 4 clubs against it.
skinhead123
Well-Known Member
- Joined
- 27 Sep 2008
- Messages
- 355
8 home grown players next season
<a class="postlink" href="http://www.skysports.com/story/0,19528,11679_5560131,00.html" onclick="window.open(this.href);return false;">http://www.skysports.com/story/0,19528, ... 31,00.html</a>
not sure if this is good or bad due to the fact we can only have a squad of 25
<a class="postlink" href="http://www.skysports.com/story/0,19528,11679_5560131,00.html" onclick="window.open(this.href);return false;">http://www.skysports.com/story/0,19528, ... 31,00.html</a>
not sure if this is good or bad due to the fact we can only have a squad of 25
Bluemoon115
Well-Known Member
Re: 8 home grown players next season
If only there was a 16 page thread on it...
skinhead123 said:http://www.skysports.com/story/0,19528,11679_5560131,00.html
not sure if this is good or bad due to the fact we can only have a squad of 25
If only there was a 16 page thread on it...
Re: 8 home grown players next season
I actually like the rule. I think it levels the playing field, and also forces teams to focus on bringing up players through their academy. This is great for us, since we have one of the best Academies in England.
I actually like the rule. I think it levels the playing field, and also forces teams to focus on bringing up players through their academy. This is great for us, since we have one of the best Academies in England.
skinhead123
Well-Known Member
- Joined
- 27 Sep 2008
- Messages
- 355
its a pity for j cassel he would of loved this rule
bizzbo
Well-Known Member
the financing bit won't hurt the big four one little bit. they always pay their creditors, by hook or by crook. you really think scudamore would have wanted to (let alone been able to) handicap Utd, Arsenal, Liverpool?
bizzbo said:the financing bit won't hurt the big four one little bit. they always pay their creditors, by hook or by crook. you really think scudamore would have wanted to (let alone been able to) handicap Utd, Arsenal, Liverpool?
That's the thing. The Prem will personally check if THEY think the clubs can legitimately pay off their creditors. No "oh, we're refinancing that loan down the line at some point", no "well we can give them 80% of our ticket sales". It's all got to be accountable.