Audrey
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?Absolute Calamity!?
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« Reply #4665 on: Saturday, July 18, 2020, 11:01:22 » |
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I don't think that can be right. Otherwise Derby, Wednesday and Villa wouldn't have had to go down the route of selling their ground to themselves to disguise losses. That's the whole point of why Derby and Wednesday have been charged - because they tried to disguise additional money being put in by the owners with spurious ground sales.
That’s for L1 and 2, I presume. There’s no equivalent % in the Championship. There it’s a maximum of £39m losses over 3 years. That’s what they were using the ground sale money for - to get their losses appear less |
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« Last Edit: Saturday, July 18, 2020, 11:03:23 by The Artist Formerly Known as Audrey »
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pauld
Aaron Aardvark
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« Reply #4666 on: Saturday, July 18, 2020, 11:06:11 » |
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That’s for L1 and 2, I presume. There’s no equivalent % in the Championship.
There it’s a maximum of £39m losses over 3 years. That’s what they were using the ground sale money for - to get their losses appear less
Yes I know that, but the 100% of owner input even in L1 and L2 still doesn't sound right. Where did you get that figure on 100% of owner input from? (Said this before, it would be really helpful if you'd link your sources when you make these kinds of claims). |
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Audrey
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?Absolute Calamity!?
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« Reply #4667 on: Saturday, July 18, 2020, 11:15:52 » |
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PriceOfFootball
@KieranMaguire
Wages are 60% of income PLUS 100% of owner injections PLUS 100% of player sales PLUS 100% of cup money
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pauld
Aaron Aardvark
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Absolute Calamity!
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« Reply #4668 on: Saturday, July 18, 2020, 14:44:21 » |
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PriceOfFootball
@KieranMaguire
Wages are 60% of income PLUS 100% of owner injections PLUS 100% of player sales PLUS 100% of cup money
Cheers. And, astonishingly, you're correct. https://www.efl.com/-more/governance/efl-rules--regulations/appendix-5---financial-fair-play-regulations/Not astonished you're correct, but astonished that this is permitted. What *isn't* permitted is including loans or conversions of debt to equity as revenue to offset debt, but as you quite correctly said if an owner wants to drop £20m into a club, they can do that and it will count toward their revenue as part of the salary cap. I guess in the case of the stadium sellers they didn't want to just bung money in without any recall, so selling the stadium to themselves gives them an asset to be used as bargaining chip in any future sale (or administration) as opposed to a straight donation |
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Audrey
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?Absolute Calamity!?
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« Reply #4669 on: Saturday, July 18, 2020, 14:52:29 » |
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Yeah, it’s very strange indeed. All the comments on a proposed salary cap have virtually all said, myself included, were a cap isn’t needed the EFL just need to monitor the present 60% t/o to wages ratio correctly.
Turns out, it’s all bollocks anyway.
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pauld
Aaron Aardvark
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Absolute Calamity!
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« Reply #4670 on: Saturday, July 18, 2020, 15:02:05 » |
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Yeah, it’s very strange indeed. All the comments on a proposed salary cap have virtually all said, myself included, were a cap isn’t needed the EFL just need to monitor the present 60% t/o to wages ratio correctly.
Turns out, it’s all bollocks anyway.
Absolutely. So actually all they need to do is implement a proper %age salary cap and then monitor it. Neither are going to happen are they? Anything they introduce will just be lip service with enough loopholes to drive a coach and horses through |
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Peter Venkman
Is totally unexceptional
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Posts: 61476
Perfection is not attainable
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« Reply #4671 on: Monday, July 20, 2020, 14:33:55 » |
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Well, we know where we're goin'
But we don't know where we've been
And we know what we're knowin'
But we can't say what we've seen
And we're not little children
And we know what we want
And the future is certain
Give us time to work it out
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horlock07
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Lives in Northern Bastard Outpost
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« Reply #4672 on: Tuesday, July 21, 2020, 08:24:35 » |
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Bob's Orange
Has brain escape barriers
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Posts: 29134
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« Reply #4673 on: Tuesday, July 21, 2020, 09:30:10 » |
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I've got this in my list of podcasts to play. Should get onto that this week, possibly today or tomorrow. |
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we've been to Aberdeen, we hate the Hibs, they make us spew up, so make some noise,
the gorgie boys, for Hearts in Europe.
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horlock07
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Lives in Northern Bastard Outpost
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« Reply #4674 on: Tuesday, July 21, 2020, 13:25:23 » |
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Not really wrong as such, but interesting...
Wolves goals have been scored by 12 players this season, none of whom are from the UK.
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BambooToTheFuture
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Has A Hardon For McGurk
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« Reply #4675 on: Wednesday, July 22, 2020, 22:04:56 » |
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Commentators who keep on saying 'oh I bet Jackie Charlton would've loved to have seen this day' when regarding Leeds being in the top flight again. I'm pretty certain he saw Leeds go into the top flight at least four times (twice whilst playing and twice as a spectator). Then again, nothing exists pre 1992 does it?
I also didn't realise Leeds Utd are only 100 years (101 in October) young. A fairly young club comparative to many more and despite their fans being cunts, they have quite a concentrated amount of success when weighted against their length of existence. Not a bad ratiooo.
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'Incessant Nonsense'
______________________________________________________________
'I'm gonna tell you the secret.
There's a threat, you end it and you don't feel ashamed about enjoying it.
You smell the gunpowder and you see the blood, you know what that means?
It means you're alive. You've won.
You take the heads so that you don't ever forget.'
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Bogus Dave
Ate my own dick
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« Reply #4676 on: Thursday, July 23, 2020, 06:59:26 » |
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Leeds United were formed 100 years ago, but I’m fairly certain there was a Leeds city before them who were quite successful but went bust because of financial irregularities and Leeds United were formed in their place
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Things get better but they never get good
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Costanza
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« Reply #4677 on: Thursday, July 23, 2020, 07:43:17 » |
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Yeah, Town LEGEND Herbert Chapman managed their final years.
Leeds City were a relatively young club (compared to others) themselves when they dissolved.
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Peter Venkman
Is totally unexceptional
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Posts: 61476
Perfection is not attainable
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« Reply #4678 on: Thursday, July 23, 2020, 07:54:55 » |
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Yeah, Town LEGEND Herbert Chapman managed their final years.
Legend...yes, Town legend, might be pushing it a bit!  |
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Well, we know where we're goin'
But we don't know where we've been
And we know what we're knowin'
But we can't say what we've seen
And we're not little children
And we know what we want
And the future is certain
Give us time to work it out
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Panda Paws
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« Reply #4679 on: Thursday, July 23, 2020, 14:20:52 » |
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Birmingham retiring the 22 shirt for Jude Bellingham.
Fucking idiots.
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