magicjuan
Player Valuation: £60m
The issue isn't the rules, no one I know contests that. What it is, is the application of punishment for a breach of those rules, the adherence to a consistent approach.The whole point of P&S rules is to stop clubs from being utterly dependent on rich owners. We are the perfect example of why the League needs those rules.
If Moshiri calls in his loans or walks away then we instantly become insolvent and go into administration. Basically, a founder member of the League and a club with a storied history goes under because Moshiri is an idiot. If anything P&S rules need strengthening not weakening.
If there weren't P&S rules that actually to an extent reined in Moshiri's excesses we would be in an even worse situation. He would have just bought even more rubbish players and we would be in even more debt.
AS far as I know there is no guidance on punishment, unlike the EFL, who do have a system. The PL are in reality 'making it up as they go along'. Their suggested punishment was -12 points, and as a consequence that means we could have overspent by a lot more and their 'punishment' wouldn't be that more excessive, and we would theoretically have a stronger squad and not have been fighting relegation.
No team has a contingency, it is measured by the depth of pockets as to how finances are managed. Retrospective punishment highlights inadequacies on the part of the organisation.