BoroFur
Well-known member
Can you ask Gibbo about this Rob or has he already called you to fill you in on the detail?
Bristol City, Middlesbrough and Stoke City could follow Reading FC in receiving point deductions [Berkslive]
- Thread starter r00fie1
- Start date
r00fie1
Well-known member
Absolutely.
The article is so vague as to be meaningless, but there was a strong whiff of some other purpose.....which is what lead me to do some digging.
You may well be right.
Hope you feeling better by the way and up for Saturday
Erimus74
Well-known member
Ive posted earlier I just cant imagine SG falling into the FFP trap after been the voice of the championship
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indeedido
Well-known member
Kieran Maguire is an extremely well respected football finance expert.
The Telegraph article is reasonable and thought provoking, mainly quoting the Bristol City position and owner.
The Stoke and Boro references are simply examples of clubs who have posted very large losses that are in the public domain. They are not alone and the positions of the three clubs are very different as I posted above based on published accounts and intelligent projections.
The noise should be all around what Stoke have done in the year to 2020 because that is brazen.
The next focus should be on Fulham who are leaking money at an incredible rate, but sit at the top of the Championship. The proof is already there that they are in breach of FFP, but the EFL are sitting on their hands.
It is worth pointing out Stoke and Fulham have been spending beyond FFP whilst also receiving Parachute Payments.
The whole application of FFP is farcical.
Based on FFP spending allowances and Boro not having yet published their accounts to June 2021, it is highly possible that Gibson has Boro whole for the last three year period. Probable I'd say given the noise he's made.
He also still has options to save the 3 year period to June 2022 which will have a projection for the year to 2022. Equity injections and Player sales in June could both balance things. If we go up, presumably we escape like everyone else has?
The Telegraph article is reasonable and thought provoking, mainly quoting the Bristol City position and owner.
The Stoke and Boro references are simply examples of clubs who have posted very large losses that are in the public domain. They are not alone and the positions of the three clubs are very different as I posted above based on published accounts and intelligent projections.
The noise should be all around what Stoke have done in the year to 2020 because that is brazen.
The next focus should be on Fulham who are leaking money at an incredible rate, but sit at the top of the Championship. The proof is already there that they are in breach of FFP, but the EFL are sitting on their hands.
It is worth pointing out Stoke and Fulham have been spending beyond FFP whilst also receiving Parachute Payments.
The whole application of FFP is farcical.
Based on FFP spending allowances and Boro not having yet published their accounts to June 2021, it is highly possible that Gibson has Boro whole for the last three year period. Probable I'd say given the noise he's made.
He also still has options to save the 3 year period to June 2022 which will have a projection for the year to 2022. Equity injections and Player sales in June could both balance things. If we go up, presumably we escape like everyone else has?
r00fie1
Well-known member
For those interested.
This is a response to the allegations concerning FFP, in media conference with assembled journalist - reported in the Gazette today - Friday 14th January 2022
"Initial reports had suggested Boro would pay an enormous wage to land Balogun on loan from Arsenal, while they were said to be outbidding Celtic to hijack his move to Scotland. There was even a report in one national newspaper this week suggesting Boro would be facing scrutiny from the EFL over FFP breaches, something owner Steve Gibson has always been a huge advocate of, and one of the main reasons they put forward Neil Bausor to be elected to the EFL's board last year."
"As such, Wilder hit out at what he described as 'nonsense'."
He said: “It is quite a difficult window, but financially in terms of balancing books off it’s been a really good one as well.
“There is a lot of nonsense being written which I need to get to the bottom of in terms of blowing other clubs out of the water with fees and in terms of wages.
www.gazettelive.co.uk
This is a response to the allegations concerning FFP, in media conference with assembled journalist - reported in the Gazette today - Friday 14th January 2022
"Initial reports had suggested Boro would pay an enormous wage to land Balogun on loan from Arsenal, while they were said to be outbidding Celtic to hijack his move to Scotland. There was even a report in one national newspaper this week suggesting Boro would be facing scrutiny from the EFL over FFP breaches, something owner Steve Gibson has always been a huge advocate of, and one of the main reasons they put forward Neil Bausor to be elected to the EFL's board last year."
"As such, Wilder hit out at what he described as 'nonsense'."
He said: “It is quite a difficult window, but financially in terms of balancing books off it’s been a really good one as well.
“There is a lot of nonsense being written which I need to get to the bottom of in terms of blowing other clubs out of the water with fees and in terms of wages.
McGree to Boro imminent, but Wilder hits out at overspending claims
Riley McGree will become Middlesbrough's fourth signing of the January transfer window
www.gazettelive.co.uk
Otto42
Well-known member
Thanks Indeedido that helps explain a fairly complicated process for me at least.
It seems a bit of a farce that EFL have rules in place on FFP but won't enforce until absolutely pushed to, almost as though they are relying on a system of honour in one of the most dishonourable industries in the world.
Personally I am not a fan of FFP, I take the view that if Steve Gibson or Mel Morris want to waste their money on a football club that's their business in the current ownership model. If the EFL, EPL, UEFA etc... want to create a more level playing field a salary cap would be better, but that wouldn't wash with the established big players in the Champions League. A more sustainable model would involve trust and fan ownership, but that there are too many snouts in the trough to want that!
FFP is to protect fans from rogue owners spending beyond the means of the clubs and sending them into debt.
Andy_W
Well-known member
I imagine there's some leeway with regards to covid, baring in mind two of the last three years have been heavily effected.
A sustainable club pre-covid, should be fine, and the covid impact will likely get written off. Most clubs will be screwed with no fans attending for the best part of a season, and some people being reluctant to go when the gates are open.
A sustainable club pre-covid, should be fine, and the covid impact will likely get written off. Most clubs will be screwed with no fans attending for the best part of a season, and some people being reluctant to go when the gates are open.
Otto42
Well-known member
It clearly doesn't do that does it though?..Derby, Sheff Wed and Bury fans can testify to that. A better fit and proper person test, salary cap or fan ownership models would be more effective imho!
ForssAwakens
Well-known member
No smoke without fire. Sure derby fans were saying the same when it was first mentioned
seems to hinge on this years accounts
seems to hinge on this years accounts
Jonny Ingbar
Well-known member
Gibson has come in for some unfair criticism in recent years, or at least I think it's unfair, but one thing is certain and that's the club is more sustainable that it ever has been.
There's been times that other clubs have beaten us to players by offering bigger transfer fees or bigger packages (Derby, for example) and clear that we work within our financial envelope, so it's not an issue that worries me at all.
There's been times that other clubs have beaten us to players by offering bigger transfer fees or bigger packages (Derby, for example) and clear that we work within our financial envelope, so it's not an issue that worries me at all.
Sheriff_John_Bunnell_ret
Well-known member
And yet all it does is fail to protect those fans from rogue owners and debt, and then doubles down on the whole thing by docking points.
Imagine batman arrives just as someone is about to mug you. Instead of intervening to save you he does nothing and the mugger nicks everything but the clothes off your back. Batman then proceeds to nick the clothes off your back.
Cogeur_le_Conq
Well-known member
I blame a mixup between Commissioner Gordon and Alfred's inability to use the fax machine
indeedido
Well-known member
It is a very difficult framework solution to create.
What annoys me intensely is that if you are going to point at a framework and rules like FFP, you surely have to enforce them properly and in a timely way.
The PL and FL operate in isolation and it is clear the EFL are all over the place. The PL don't care how you got there, or pretty much what you do when you are there. The EFL don't remember what you did to get promoted out of there when you drop back down. It is rancid.
Inconsistency is the killer.
What Stoke have done is so cynical and calculated it makes me puke.
The numbers are indisputable. They have declared losses of over £130m in the 3 years to June 2020. That is so far over FFP allowable losses it is almost comical.
What annoys me intensely is that if you are going to point at a framework and rules like FFP, you surely have to enforce them properly and in a timely way.
The PL and FL operate in isolation and it is clear the EFL are all over the place. The PL don't care how you got there, or pretty much what you do when you are there. The EFL don't remember what you did to get promoted out of there when you drop back down. It is rancid.
Inconsistency is the killer.
What Stoke have done is so cynical and calculated it makes me puke.
The numbers are indisputable. They have declared losses of over £130m in the 3 years to June 2020. That is so far over FFP allowable losses it is almost comical.