As myself and
@catcherintherye said this was always on the cards
A lot of clubs around Europe are financially knackered and in danger of going to the wall
UEFA hoping that those who have cash will spend big and it will drop feed down through the leagues
Covid as has been said was the final nail in the coffin of FFP
Yes you did.
I wrote this either just before or around the time of the court findings
The recent court ruling has from the Court of Arbitration for Sport (CAS) has cleared Manchester City of any wrongdoing on the breaches they were deemed to have failed previously by UEFA and it’s appeals committee. While there has been a fine (albeit a substantially reduced fine) for with...
www.grandoldteam.com
It goes into a lot of details., people are obviously free to have a red.
In general I would say that there are the following challenges for FFP
1) It does not comply with European legal standards.
While some have tried to say it was a technicality (which is largely based on conjecture and not it's not true) but even if it were, the big normative take out is that FFP failed at the sovereign European court. Everyone knows that now. It's abit like if they said it was no longer illegal ro steal a mercedes car, and you steal a mercedes car, what are you going to do if they arrest you? You'll just take them to court knowing the law is established and the principle is set.
2) There are emerging giants who now don't like it. Clicks, views,merchandising are now increasingly pushed by PSG and City. They are slowly becoming 2 of the top 4 or 5 clubs in Europe now. There voices will be heard far more.
3) In essence, when you strip it back, it is inflation busting legislation.It kind of made sense at that point. Prices still rose dramatically, but there was some sense in it. However, with cash being sucked out of the game, the last thing you want to do now, is restrict the flow of cash into the game further. For thoseinterested, it's akin to the Feds mistake in 1929 of refusing to move from Gold backing up the currency. It's a solution to a problem that no longer exists.
They seem the big 3 factors. I think you can throw in, it's a bit of a FU to some of the established teams who've threatened x,y & z if the legislation goes. Well it's just gone so what are you going to do now? I wonder for the American owners, who bave been most vocal and said there is only any point in competing, and indeed maintaining spending if not only FFP is maintained but a more regulated system is introduced what it does for them.
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Best case scenario (for supports of those clubs) is it was a bluff and they kee their interest level, but know they can't financially compete with the high level investors in football. Worst case scenario they meant it and they lose interest and really seek to shift to being more passive investors, essentially looking to spend as little as possible, draw out as much as possible with merely maintaining a position (by that I mean in the league, not at the top of the league).