citizen_maine
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- Joined
- 29 May 2011
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By the time UEFA have asked for your accounts you're normally all outNone of the FFP rules apply in Scotland.
By the time UEFA have asked for your accounts you're normally all outNone of the FFP rules apply in Scotland.
Further article about new FFP from Sam Wallace in the Telegraph
"While the details are still to be decided over the next few months, some form of the luxury tax proposal – which would see clubs pay a premium when spending breached a certain level - is certain to replace the current ten-year FFP system. It is likely that the luxury tax control would be two-pronged. There would be a top-limit of the percentage of a club’s revenue that could be spent on squad costs, and potentially in addition to that a “hard cap” on the total of capital that could be invested each year by an owner."
....proposals would take into consideration “squad costs” – not just transfer fees and player salaries but also agents’ fees – when calculating whether limits had been breached. Clubs would have to submit to Uefa each player’s squad costs with their proposed 25 names for the upcoming season, which would then be scrutinised as to whether it passed controls."
Further article about new FFP from Sam Wallace in the Telegraph
"While the details are still to be decided over the next few months, some form of the luxury tax proposal – which would see clubs pay a premium when spending breached a certain level - is certain to replace the current ten-year FFP system. It is likely that the luxury tax control would be two-pronged. There would be a top-limit of the percentage of a club’s revenue that could be spent on squad costs, and potentially in addition to that a “hard cap” on the total of capital that could be invested each year by an owner."
....proposals would take into consideration “squad costs” – not just transfer fees and player salaries but also agents’ fees – when calculating whether limits had been breached. Clubs would have to submit to Uefa each player’s squad costs with their proposed 25 names for the upcoming season, which would then be scrutinised as to whether it passed controls."
So… basically a form of wage control but with built in corruption/bribery. I have to wonder what the purpose of this is… a level playing field? No, because clubs will be restricted to spending different amounts. Ensuring clubs spend within their means? No, because clubs will be able to pay an extra tax and build up as much debt as they wish.News emerged that the governing body deem the current FFP rules 'no longer fit for purpose' and are set to replace them with rules that mean clubs in European competition would be limited to spending a fixed percentage of their revenue, in the region of 70 per cent, on salaries.
Any club in breach of those rules will have to pay a luxury tax where 'the equivalent or more' of any overspend would go into a pot to be shared among other clubs.
UEFA set to 'replace' Financial Fair Play rules as salary cap looms
UEFA are set to replace their current Financial Fair Play regulations with a 'luxury tax' which will affect Everton, Liverpool and the Premier League.www.liverpoolecho.co.uk