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Management FFP / PSR Requirements & Breaches
- Thread starter Ulrikacoglou
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Their owner probably goes wild in the club shop every match day between ordering 400,000 litres of orange juice and 80,000 portions of chips.
80,000 portions of chips 
Thing that I don't get is why people aren't expecting Levy to adjust spending down just because other clubs have to for FFP.
If the market spends less, the ENIC/Levy model will 100% adjust down as well and we will still want to avoid spending on a top tier wage bracket for players.
But it's relative, if the market adjusts so that transfer fees and wages are lower we won't have to spend more but will still have an advantage because we have higher ratio we are able to spend of earned income. He may well do what you say and then his glee club will have absolutely no place left to hide. One way or other we get end game.
Not sure what this is based on.
But it's relative, if the market adjusts so that transfer fees and wages are lower we won't have to spend more but will still have an advantage because we have higher ratio we are able to spend of earned income. He may well do what you say and then his glee club will have absolutely no place left to hide. One way or other we get end game.
End game is optmistic.
There would still be people in here celebrating 5th with the 7th highest wage bracket or something similar. Claiming it's a huge underdog achievement against giants that we shouldn't feel entitled to compete with.
The model of the club.
We have tended to increase spending year on year though
It's even more nuanced than that because in fairness to all it may not even be on ENIC because for their plan to work it depends on the billion to one shot that the EPL and UEFA actually rigorously enforced FFP/PSR and don't bottle it .
It's even more nuanced than that because in fairness to all it may not even be on ENIC because for their plan to work it depends on the billion to one shot that the EPL and UEFA actually rigorously enforced FFP/PSR and don't bottle it .
That too.
We already saw a backtrack on Everton. The chances of the big guns actually being held to FFP is just getting smaller and smaller. Nobody really believes the premier league wants to see less spending on star players... Do they?
Sounds like some pl clubs are shitting it and want the rules relaxed. Talk they want to bring in the uefa model which is even stricter though.
www.telegraph.co.uk
Levy with being high up at the ECA and chummy with those at UEFA should be all over this so we should be aligned with those and well within the proposed higher figures being bandied about. Trouble is, will we spend?
Spending rules chaos as clubs push for changes after Everton reprieve
Premier League club are now five points clear of the relegation zone after an independent panel slashed the punishment
www.telegraph.co.uk
Levy with being high up at the ECA and chummy with those at UEFA should be all over this so we should be aligned with those and well within the proposed higher figures being bandied about. Trouble is, will we spend?
It's even more nuanced than that because in fairness to all it may not even be on ENIC because for their plan to work it depends on the billion to one shot that the EPL and UEFA actually rigorously enforced FFP/PSR and don't bottle it .
Tbf their plan is also to not go bust
I'm not sure the same could be said of Everton's owners, for example, as much as their fans want to paint us as being part of some evil controlling 'cartel'
It’s bizarre. Our vote is no more influential than theirs or any of the other 18 clubs.
it seems like clubs in PSR trouble for the year to 30 June 2024 have found a new way around the regulations. Everton, Villa, Newcastle and others are selling squad club-trained players to each other for amounts less than 10mil. This means the selling club get to recognise 100% of the transfer fee in their books now prior to 30 June whilst the buying club get to amortise the purchase price over the players contract, say 5 years.
So for a 10mil player the selling club gets 10mil profit to balance the PSR now and the buying club only incurs 2mil each year for 5 years.
Understand the current PSR gets scrapped at 30 June 2025 and replaced with regulations similar to UEFA which require squad costs not to exceed 80%. I wonder if these shonky deals these clubs are doing now to save their current year will help or hinder them under the UEFA regulations?
So for a 10mil player the selling club gets 10mil profit to balance the PSR now and the buying club only incurs 2mil each year for 5 years.
Understand the current PSR gets scrapped at 30 June 2025 and replaced with regulations similar to UEFA which require squad costs not to exceed 80%. I wonder if these shonky deals these clubs are doing now to save their current year will help or hinder them under the UEFA regulations?
I think it has to hinder them down the track under UEFA regs; it's a 20% p.a. amortisation that they wouldn't have had on their books if they hadn't done the shonky swap.
But the benefits they get in the short term are probably worth it:
- No points penalty next year -> higher finishing position -> £3M per place, possibly more if it's the difference between Euro qualification and not;
- Maybe more importantly, by getting out of the red FFP/PSR-wise, there's less risk of getting bent over a barrel during transfer window negotiations and having to sell a genuinely good player at below market value
- Also if the club expects to have more headroom under the 2025 reg's than under the current ones, then buying 12 months grace via some dodgy swaps makes a lot of sense. They will still be hindered by the amortisation but they'll be able to manage it.
These clubs are playing with fire. This is no different to what Juve and Barca did 5 years ago with the inflated Pjanic/Arthur swap deal which saw Juve docked 15 points, Agnelli banned for 2 years and Paratici banned for 30 months.
Either Chelsea, Everton & co have already verified this ruse with the PL and UEFA and made sure it's all above board, which I highly doubt, or they haven't and they're taking a massive gamble that either they won't receive any penalties or that any penalties they do receive won't be as bad as having to fire-sale their top talent legitimately in order to meet PSR limits by June 30th.
Remember though that the league's rules are determined by a majority of the clubs voting in favour, and I doubt that the rest of the clubs in the league - having themselves spent the last few years managing their finances diligently to abide by those PSR rules - are looking at these financial shenanigans with much favour.
Side note - something has to be done about this amortising & PSR nonsense. The idea that Chelsea can spend a billion "legitimately" by spreading the players' contracts out over 10 years and funding it with home grown academy talent that all goes directly onto the revenue is a farce. Even the new UEFA squad rules won't change that aspect of it, as far as I'm aware.
I think the PL has done something in terms of limiting the amortisation to 5 years even if the players contract is 7-10 years. Of course, the clubs who are well known for skullduggery in regulation Compliance like Chelsea will probably find another way around this to try and un-level the playing field again.
You're right, they have. I was mid rant and kept it higher for dramatic effect
Still, it's as if Chelsea have said to Villa, "I'll give you £10 if you give us £10", then they both book that £10 on this year's revenue but only have to book £2 in costs in each of the next 5 years. So this year shows £8 in profit. It's accounting bullshit. Surely, surely they won't allow it. Makes a mockery of the whole system.
We need to build a hotel and a couple blocks of apartments first, THEN we are cooking!!!
