pauld
Aaron Aardvark
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Absolute Calamity!
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« Reply #240 on: Thursday, March 21, 2019, 10:03:15 » |
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They're not 3 Portuguese gentlemen are they? |
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horlock07
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Lives in Northern Bastard Outpost
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« Reply #241 on: Thursday, March 21, 2019, 10:14:06 » |
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They're not 3 Portuguese gentlemen are they?
Who knows, its getting like Ashley mysteriously having a buyer lined up before every transfer window as an excuse not to spend cash. |
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pauld
Aaron Aardvark
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Absolute Calamity!
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« Reply #242 on: Friday, March 22, 2019, 12:10:42 » |
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Brum to be deducted 9 pts after breaching FFP rules: https://www.bbc.co.uk/sport/football/47667742That would leave them in 18th place, 5 pts above the drop |
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Wobbly Bob
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« Reply #243 on: Friday, March 22, 2019, 12:18:55 » |
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The Championship is becoming a bit of a basket case division.
Apparently the Derby owner can't sell the club for £1.
The £100 million debt might be a problem with that though.
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My mind it ain't so open
That anything could crawl right in
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Peter Venkman
Past glories motivate us when times are bleak.
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Posts: 64447
Perfection is not attainable
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« Reply #244 on: Friday, March 22, 2019, 12:27:03 » |
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The Championship is becoming a bit of a basket case division.
Shitheads are losing £20m a year too but bankrolled by Lansdown, Swansea have money worries as well as Reading, Stoke could well be the next ones with such a huge wage bill after relegation last season and sitting well below half way in the division. So many teams over spending to try and reach the promised land of the Premier league. |
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They shall grow not old, as we that are left grow old
Age shall not weary them, nor the years condemn.
We will remember them.
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RobertT
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« Reply #245 on: Friday, March 22, 2019, 12:30:27 » |
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It's essentially turned into a high risk gambling venture, hence why all the foreign investors show-up. Lose 39m over 3 years but get the windfall if you get promoted, wipe it out with liquidation/CVA's if you lose. For the high rollers, this is high PR fun, for the fans, I guess it depends on which way your clubs' dice role. In the meantime they no doubt use this as a tax write off as well.
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Power to people
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« Reply #246 on: Friday, March 22, 2019, 12:46:14 » |
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We could probably have a sweepstake on who the next club after Bolton is to be on the verge of administration, seems to be so many at the moment with financial issues.
surely it is only a matter of time for Charlton though until the owner stops putting anything in to the club and declaring it is sell or bust
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Panda Paws
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« Reply #247 on: Friday, March 22, 2019, 12:53:07 » |
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Shitheads are losing £20m a year too but bankrolled by Lansdown, Swansea have money worries as well as Reading, Stoke could well be the next ones with such a huge wage bill after relegation last season and sitting well below half way in the division.
So many teams over spending to try and reach the promised land of the Premier league.
Think Stoke might be fine.... https://www.ft.com/content/543d1040-ed8c-11e8-8180-9cf212677a57 |
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Reg Smeeton
Walking Encyclopaedia
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« Reply #248 on: Friday, March 22, 2019, 13:02:02 » |
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We could probably have a sweepstake on who the next club after Bolton is to be on the verge of administration, seems to be so many at the moment with financial issues.
surely it is only a matter of time for Charlton though until the owner stops putting anything in to the club and declaring it is sell or bust
Think I read somewhere that no club has been in admin since 2013... the last being Aldershot. |
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Exiled Bob
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Likes a moan
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« Reply #250 on: Friday, March 22, 2019, 13:14:35 » |
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Wonder why they've decided to dock points for Birmingham but not for others that also breached the FFP rules - Bournemouth and QPR spring to mind. |
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reeves4england
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We'll never die!
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« Reply #251 on: Friday, March 22, 2019, 13:19:55 » |
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Wonder why they've decided to dock points for Birmingham but not for others that also breached the FFP rules - Bournemouth and QPR spring to mind.
Isn't it a new rule created in light of those clubs' misdemeanours? I could be wrong. |
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Paolo69
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« Reply #252 on: Friday, March 22, 2019, 13:26:10 » |
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I thought they couldn't from Bournemouth as they went up to the Prem and these are EFL rules?! Might be wrong though and think they got a big fine like that makes it right.
R4E - you may well be right though.
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horlock07
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Lives in Northern Bastard Outpost
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« Reply #253 on: Friday, March 22, 2019, 14:37:27 » |
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Looking as the loss seems to stem mainly for one year where wages jumped from £22m to almost £38m, someone somewhere in the club appears to have dropped an almighty bollock there! Wonder why they've decided to dock points for Birmingham but not for others that also breached the FFP rules - Bournemouth and QPR spring to mind.
Its a new system of profitability and sustainability regulations introduced at the start of the 2016-17 season. I thought they couldn't from Bournemouth as they went up to the Prem and these are EFL rules?! Might be wrong though and think they got a big fine like that makes it right.
They cannot dock Bournemouth as remember that was a fairytale........ |
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« Last Edit: Friday, March 22, 2019, 14:40:16 by horlock07 »
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RobertT
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« Reply #254 on: Friday, March 22, 2019, 14:40:36 » |
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Didn't Bournemouth and QPR get big fines though,which were settled as they'd only be due on returning to the FL.
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