Yes, but they are the reason the FFP legislation was brought in - and it ends up punishing mid level second division teams.
Load of old bollocks. Sent from my iPhone > On 16 Dec 2014, at 09:47, Alec McQueen <[email protected]> wrote: > > Not mad. Driven by market forces. Shitload of tv money directed at the league > people want to watch. Massive financial differentials all driven by premier > league income and allocation policies. > > Oligarchs with billions want in for various reasons: fun, building > credibility, advertising a brand (usually a rising one), but rarely to make a > buck (they've already done that). > > These folks just live in a different place to you and me because of the cash > they have access to from their previous success in hoovering up (usually) > natural resources and flogging it to governments and big business. > > Not mad. Just different. > > Cheers > Alec > >> On 16 Dec 2014, at 10:31 am, Ian Murray <[email protected]> wrote: >> >> Yeah the problem in football is clearly Is spending tuppence ha'penny in 15 >> years. Fuck all to do with billionaire oligarchs spending billions hoovering >> up all the talent in the world and paying them 6 figure sums on a weekly >> basis. >> >> The world is mad. >> >> Sent from my iPhone >> >>> On 15 Dec 2014, at 22:58, Rick Duniec (@ntl) <[email protected]> wrote: >>> >>> Blackburn, Leeds and Nottingham Forest handed transfer embargoes >>> Blackburn, Leeds and Nottingham Forest have been given transfer embargoes >>> for the rest of the season for breaching Financial Fair Play rules. >>> >>> The Championship trio have been handed the bans for not meeting the >>> Football League's Fair Play Requirement. >>> >>> Under existing rules, clubs were permitted to lose no more than £3m a >>> season, with a maximum of £5m of shareholder investment in 2013-14. >>> >>> The clubs will have the opportunity to have the embargoes lifted in June. >>> >>> To do so, they will need to prove they have stayed within an operating loss >>> of no more than £3m, with a maximum of £3m of shareholder investment for >>> the 2014-15 season. >>> >>> Blackburn managing director Derek Shaw said: "Whilst the ruling will >>> clearly present some difficulties, we will of course respect the rules of >>> the Football League. >>> >>> The view from Leeds >>> BBC Radio Leeds sports reporter Adam Pope >>> >>> "Head coach Neil Redfearn said after Saturday's defeat by Fulham that >>> the team needs more players with Championship experience and by my >>> reckoning they should still be able to make four signings. The timing of >>> the embargo coincides with owner Massimo Cellino submitting his appeal >>> against his disqualification but with three big games between now and >>> January and the team just five points above the relegation zone, Redfearn >>> knows he cannot afford to allow this to interfere with the players' >>> concentration." >>> >>> >>> "A lot of effort and hard work has been done to reduce player costs over >>> the last two years, but we have wanted to rebuild and challenge in this >>> division at the same time, and we will continue to do that." >>> >>> Forest manager Stuart Pearce, speaking prior to confirmation that the club >>> would be placed under an embargo, said: "We are acutely aware of what >>> direction we will go if we are under an embargo. If you cannot go out and >>> buy a player in the transfer market that is always a little bit hurtful. >>> >>> "But the flip side is that if you have to be cute in the transfer market >>> and get Bosmans and free transfers. We feel we have the scouting network >>> that can cope with that. >>> >>> "As a football supporter I would not want my club to go bust because of >>> financial overspending, so if the League are putting plans in place to >>> safeguard then long-term future of football clubs then fine; I have no >>> problem with that at all." >>> >>> The clubs will still be allowed to sign players in January if they have 24 >>> or fewer players over the age of 21 who have made at least five starting >>> appearances for the club in total. >>> >>> Any of these signings must not cost the club a transfer fee and must cost >>> less than £600,000 a year. >>> >>> Existing Championship FFP rules >>> 2014-15: Losses of no more than £3m, up to £6m with owner investment >>> >>> 2015-16: Losses of no more than £2m, up to £13m with owner investment >>> >>> >>> Clubs with 24 or more players fitting the criteria will be allowed to trade >>> players on a 'one out, one in' basis. >>> >>> In addition: >>> >>> a.. Clubs under an FFP embargo will be permitted to sign a goalkeeper on an >>> emergency basis, in line with existing regulations. >>> a.. Clubs under an FFP embargo will not be permitted to pay transfer fees >>> or compensation fees for professional players. >>> a.. Clubs under an FFP embargo will not be permitted to pay a loan fee to >>> another club, they may only pay the player's wage, or a contribution >>> towards it. >>> a.. For incoming players, clubs can only pay agents' fees as a benefit in >>> kind to the player in question, as long as they do not exceed the £600,000 >>> employee costs limit. >>> In November, Championship clubs agreed to a new set of FFP guidelines to >>> come into effect from the start of the 2016-17 campaign which will allow >>> clubs to lose up to £15m across a period of three seasons without having to >>> detail how that loss will be funded. >>> >>> >>> >>> The Guardian >>> >>> Leeds United, Blackburn Rovers and Nottingham Forest will all have a >>> transfer ban for the January window after breaching the Football League's >>> financial fair play (FFP) rules. >>> >>> The League announced that the three clubs all incurred financial losses >>> more than the £8m permitted during last season. >>> >>> Submissions from QPR, Leicester and Burnley - who were all promoted to the >>> Premier League - plus the three clubs relegated last season will now be >>> considered by the Football League. >>> >>> A statement said: "An initial analysis of FFP submissions from the current >>> 24 Championship clubs has indicated that three clubs - Blackburn Rovers, >>> Leeds United and Nottingham Forest - have failed to meet the fair play >>> requirement under the division's FFP rules. >>> >>> "Consequently, all three will be subject to an 'FFP embargo' under Football >>> League regulations from January 1, 2015 for the remainder of the current >>> campaign." >>> >>> Under the transfer embargoes, the three clubs will be prohibited from >>> signing any new players - either on a permanent or loan deal - unless they >>> have 24 or fewer "established players'', which is described as 24 players >>> aged 21 or over that have made at least five starts for the club. >>> >>> Blackburn's managing director Derek Shaw said in a statement: "Whilst the >>> ruling will clearly present some difficulties, we will of course respect >>> the rules of the Football League. >>> >>> "A lot of effort and hard work has been done to reduce player costs over >>> the last two years, but we have wanted to rebuild and challenge in this >>> division at the same time, and we will continue to do that." >>> >>> The clubs will have their embargoes lifted at the end of the season if they >>> can demonstrate they have stayed within the maximum permitted losses of £6m >>> - £3m losses plus £3m covered by shareholder investment - for the current >>> season. >>> >>> >>> >>> An initial analysis of Financial Fair Play submissions from the current 24 >>> Championship clubs has indicated that three clubs - Blackburn Rovers, Leeds >>> United and Nottingham Forest - have failed to meet the Fair Play >>> Requirement under the division's Financial Fair Play rules. Consequently, >>> all three will be subject to an 'FFP embargo' under Football League >>> regulations from January 1, 2015 for the remainder of the current campaign. >>> >>> The Football League is currently in discussions with a number of other >>> clubs over their FFP submissions and will confirm any further FFP >>> embargoes, if any, in due course. It will also now consider submissions >>> from the three clubs promoted to the Premier League and the three clubs >>> relegated to League 1 at the end of the 2013/14 season. >>> >>> Blackburn, Leeds and Forest all exceeded the maximum permitted deviation of >>> £8m - consisting of a maximum adjusted operating loss of £3m plus a further >>> maximum of £5m of shareholder investment - during the 2013/14 playing >>> season. Each club will have the opportunity to have its FFP embargo lifted >>> at the end of the season by demonstrating that it has stayed within the >>> maximum permitted deviation of £6m (£3m operating loss plus £3m shareholder >>> investment) for the 2014/15 season. >>> >>> The Football League has also confirmed the way in which FFP embargoes will >>> operate for clubs placed under this sanction. >>> >>> Clubs will be prohibited from registering any new professional players >>> (permanent contract or loan) unless they have: >>> >>> . 24 or fewer established players (players aged 21 or over that have >>> made at least 5 starting appearances for the club). >>> >>> Where clubs have fewer than 24 established players, they will only be >>> permitted to sign players in the following circumstances (with the player >>> in question being added to the club's list of established players >>> regardless of his age or previous playing experience): >>> >>> . Where the employee costs of a player being signed are less than >>> £600,000 per annum (or pro-rata if signed on a shorter contract). >>> >>> Where clubs have 24 established players, they will be permitted to trade on >>> a 'one out, one in' basis but only if the employee costs of the player >>> coming in to the club are no more than whichever is the lower amount of: >>> >>> . 75% of the equivalent costs of the player going out. >>> . Or a maximum of £600,000 per annum (or pro-rata if signed on shorter >>> contract) >>> >>> In addition: >>> >>> . Clubs under an FFP embargo will be permitted to sign a goalkeeper on >>> an emergency basis (in line with existing regulations). >>> . Clubs under an FFP embargo will not be permitted to pay transfer fees >>> or compensation fees for professional players. >>> . Clubs under an FFP embargo will not be permitted to pay a loan fee to >>> another club, they may only pay the player's wage (or a contribution >>> towards it). >>> . For incoming players, clubs can only pay Agents' Fees as a benefit in >>> kind to the player in question (as long as they do not exceed the £600,000 >>> employee costs limit). >>> Read more at http://www.football-...IU76BHYJP4C1.99 >>> _______________________________________________ >>> Leedslist mailing list >>> Info and options: http://mailman.greennet.org.uk/mailman/listinfo/leedslist >>> To unsubscribe, email [email protected] >>> >>> John 'Grampa' Sykes >>> Rest In Peace old lad >>> 28th Oct 1938 - 12 Nov 2013 >>> MARCHING ON TOGETHER >> _______________________________________________ >> Leedslist mailing list >> Info and options: http://mailman.greennet.org.uk/mailman/listinfo/leedslist >> To unsubscribe, email [email protected] >> >> John 'Grampa' Sykes >> Rest In Peace old lad >> 28th Oct 1938 - 12 Nov 2013 >> MARCHING ON TOGETHER _______________________________________________ Leedslist mailing list Info and options: http://mailman.greennet.org.uk/mailman/listinfo/leedslist To unsubscribe, email [email protected] John 'Grampa' Sykes Rest In Peace old lad 28th Oct 1938 - 12 Nov 2013 MARCHING ON TOGETHER
