Ever since 2009 there has been a widespread belief throughout football that some form of financial regulation is necessary coupled with a more widespread belief that FFP is no more than a series of protectionist measures to help a cartel maintain itself at the pinnacle of the football pyramid. The rouble is that most other ideas on what form regulation should take suffer from failings not dissimilar to those of FFP. The clue is in its misleading name. Is FFP to establish a professional game where every club can compete on equal terms or is it purely to prevent clubs going bust and force them to make a profit. It's impossible to do both at the same time. The problem for those who wish to regulate to introduce a golden age of perfect fair play (what actually does it mean?) find that their schemes level down to enable the weakest to have a fair chance. How do you establish a salary cap where Stockport County can spend as much as Arsenal? How do you limit transfer spending so that Exeter City can spend as much as Newcastle United? But there is another problem, and it is the one we criticise FFP for: that competition law prohibits any limitation on investment and wages and transfer fees are simply mechanisms which allow clubs to invest in assets for the club. The further difficulty is that EU competition law does not concern itself with the origin of the funds for investment and thus debt is a valid way of financing investment. But I think this may be the only way that the game will get the courts to accept a "sporting exception" to the rules on investment, and that is to insist that all investment must real investment in the club. At the moment Chelsea's owner has loaned the club over £1 billion, not all of it to buy and pay players. Many of the players have now ceased to play! Some now play for other clubs! But Chelsea have not bought any of the players in any real sense because the cash has gone through the club's books but not really through the club. This is debt financing and it doesn't strengthen the club but actually weakens it since repayment is not scheduled and is likely to be demanded at the worst possible time in the club's fortunes. There have to be measures in place to show that clubs can guarantee repayment whether this is from an owner's funds or some other source. Guarantees are not easy to provide since repayment is deferred...
None of this is relevant to CAS and won't help our appeal which at the moment is our sole priority. I would remind posters who want us to settle scores with all kinds of bent officials that Ferran has reminded us of our real target and that is the allegations made by UEFA which the evidence we have presented to CAS proves "are simply not true".[/QUOTE
A really good post, and one which applies to a number of organisations. These bodies need to concentrate on good governance practices. Instead they allow vested interests to gain control and impose undue and unfair influences.