Financial Fair Play investigation

[Mr Popodopolous]

I estimated the following

Great post.

The £88m taking it up to £170m is suspect in itself but £170m ro £220m ie another potential rise of £50m is really pushing it.

Club, auditors and experts can state these matters as fact but the League, Independent Panel do not necessarily have to accept them.

If the word of an auditor or expert with a single view was taken as fact and decisive, then we may as well not bother with the FFP rules at all.

 

[Mr Popodopolous]

Covid can generally be used to fob the league off which we've done. Let's face it Covid didn't stop us signing Doucore, Allan and James in 2020 and we didn't sell Richarlison and had no intention to.

For a time but the League have the right to review submissions down the track.

 

[brieverton]

Gambling sponsorship is eliminated in an ideal world, but the practical benefits of this will be close to zero for the people who are catastrophically impacted by the addiction.

Once again, its just taking the easy option and going for the low-hanging fruit.

If they stopped for a moment first to ask why the majority of clubs outside the elite have been dependent on gambling sponsorship for years, but no, that would be too much like hard work.

The whole "governance" model aims to promote and create financial sustainability when it does nothing other than have the opposite effect.

Let's tell these clubs that gambling sponsorship is no longer an option, but do nothing to help create a sponsorship model that fosters the sustainability they claim to care about.

 

[davek]

stock reply when you don’t like a reply.

Grow up

 

[Dixieslaces]

Ok can we crowdfund out of this? I’ll start with 50p and whatever I can sell in ours on eBay.

Im in!

Still got my £10 Argos voucher!!

 

[Mr Popodopolous]

Gambling sponsorship is eliminated in an ideal world, but the practical benefits of this will be close to zero for the people who are catastrophically impacted by the addiction.

Once again, its just taking the easy option and going for the low-hanging fruit.

If they stopped for a moment first to ask why the majority of clubs outside the elite have been dependent on gambling sponsorship for years, but no, that would be too much like hard work.

The whole "governance" model aims to promote and create financial sustainability when it does nothing other than have the opposite effect.

Let's tell these clubs that gambling sponsorship is no longer an option, but do nothing to help create a sponsorship model that fosters the sustainability they claim to care about.

I wonder how Stoke would fare in this context...let's not forget who owns them.

Bet365 of course!

Stadium sponsor/naming? Bet365!
Front of shirt sponsor? Bet365!

Dunno what else it covers apart from the above. Although unclear if this is applicable yet to EFL.

 

[jerseytoffee]

Gambling sponsorship is eliminated in an ideal world, but the practical benefits of this will be close to zero for the people who are catastrophically impacted by the addiction.

Once again, its just taking the easy option and going for the low-hanging fruit.

If they stopped for a moment first to ask why the majority of clubs outside the elite have been dependent on gambling sponsorship for years, but no, that would be too much like hard work.

The whole "governance" model aims to promote and create financial sustainability when it does nothing other than have the opposite effect.

Let's tell these clubs that gambling sponsorship is no longer an option, but do nothing to help create a sponsorship model that fosters the sustainability they claim to care about.

and there'll still be gambling adverts before, during and after the games on tv, on advertising boards at the game, on the sleeves of the shirts and all over all the clubs websites, on and on.

Are their plans to remove anywhere else? as just removing from the front of a shirt won't have any affect

 

[GP_Monty]

and there'll still be gambling adverts before, during and after the games on tv, on advertising boards at the game, on the sleeves of the shirts and all over all the clubs websites, on and on.

Are their plans to remove anywhere else? as just removing from the front of a shirt won't have any affect

That's the thing, a lot of clubs have their training kit sponsored by betting firms and / or a 'club betting partner' that isn't the shirt sponsor so it'll still be plastered all over their social media content which is how 90% of younger fans consume football anyway. Don't think banning it from shirts only has any impact other than being seen to do *something* about it.

 

[Yarrgh]

I guess you still need to add the 40 millions plus we got for richy that wasn't included in his calculation...

I guess he's pulling numbers out of his ar$e at the moment like the rest of us.

We'll see when they get published what they actually are and if there is any substance to the PL thinking that they need an independent panel to review our attempts to manage our finances within the PL rules.

 

[Walken]

Gambling sponsorship is eliminated in an ideal world, but the practical benefits of this will be close to zero for the people who are catastrophically impacted by the addiction.

Once again, its just taking the easy option and going for the low-hanging fruit.

If they stopped for a moment first to ask why the majority of clubs outside the elite have been dependent on gambling sponsorship for years, but no, that would be too much like hard work.

The whole "governance" model aims to promote and create financial sustainability when it does nothing other than have the opposite effect.

Let's tell these clubs that gambling sponsorship is no longer an option, but do nothing to help create a sponsorship model that fosters the sustainability they claim to care about.

Unfortunately a lot of what we have heard in the last 2 weeks amounts to an image campaign, rather than the desire to achieve sustainable long term goals.

 

[Mr Popodopolous]

I guess he's pulling numbers out of his ar$e at the moment like the rest of us.

We'll see when they get published what they actually are and if there is any substance to the PL thinking that they need an independent panel to review our attempts to manage our finances within the PL rules.

PL will already know what is in them and indeed depending on how good their present and future monitoring is should have known by August of last year.

In the Football League, well the Championship clubs submit their Projections for the existing sesson on 1st March. They then if they are on the FFP radar provide an update not long after the end of the Reporting Period, in this case it would be a week or two after 30th June.

Then the League can decide how to proceed. Exact same process as with Birmingham in 2018, Derby provided updates in 2018 and 2019, Reading were in trouble for accounts ending 30th June 2021 by July 9th 2021 then under embargo.

For some reason this system didn't work at all with Sheffield Wednesday in 2018 or they accepted something they shouldn't in summer 2018 and charged them in mid November 2019. It worked in terms of embargo etc but by rights they should have been charged in Autumn 2018, perhaps September.

Or if the club were not providing the scheduled updates they should have been under a full embargo until such time as they were.

Possible that even a Projected breach can put a club under a Soft Embargo with a deadline to fix it..don't the Premier League do this?

The sheer scale of the losses and or the Covid allocation, certainly think there is a case to answer personally.

 

[Robbo05]

Your Birth Certificate really is an apology letter from the Durex company isn’t it.

 

[Mrtallywacker]

Million mate

Good to see you back my son.

God bless.

 

[RomanReigns]

I guess you still need to add the 40 millions plus we got for richy that wasn't included in his calculation...

the money from the richarlison sale, gordon sale and kean sale would not be a factor for the losses incurred over the 3 year period that is currently under investigation which ends in June 2021

those profit and losses will be factored into the upcoming June 2022 and June 2023 accounts when they are eventually published

 

[Milk]

What's the betting we get pulled in to the HMRC investigation in to agents working both for an incoming player & the buying club in a way to avoid tax?

Premier League clubs avoided £250m in tax, expert estimate

It follows analysis of football agents being paid to represent both players and clubs in transfers.

www.bbc.co.uk