windymiller
Player Valuation: £60m
So, I've just had a read of section E of the handbook and I've got to say that is as clear as mud. I'm certainly not a legal professional but that is a supremely vague document. There also appears to be no specific sanctions detailed in the handbook.No.
What is Financial Fair Play?
In addition to Company Law, the Premier League has its own Rules relating to club finances, accounting and good governance.
The Premier League, Football League and UEFA each has its own regulations governing club finances. The most widely known FFP policies are probably UEFA’s. These pertain to the licensing system for teams who wish to take part in European club competitions.
The Premier League has a number of financial rules in place, including requirements for clubs to pay transfer fees, salaries and tax bills on time. They must also submit accounts annually, and disclose payments made to agents. You can read these regulations in full in the Premier League Handbook, primarily Section E: Club Finances.
Outside of these obligations it is up to individual clubs, who all have their own directors and senior executives, to make decisions over how they spend their income.
Wolves don't have European football next season and they still have to comply with :
Wolves have agreed to report "a maximum break-even deficit of €30m (£27.1m) in the financial year ending in 2020 and to finally reach, in the 2021/22 season, an aggregate break-even result for the financial years ending in 2019, 2020 and 2021".
Have the PL made any comments on altering their regulations as a consequence of the Rona? I know UEFA have essentially made 2020 a dead year but have the PL?