Why do you think the big clubs voted it in ..it maintains the status quo.Last thing Liverpool etc want is a rich owner turning us or someone else into the next City or Chelsea and stealing revenue and fans from them
I agree that FFP is there to make sure nobody interferes with the big clubs.
But we could get a £100m interest free loan from a new owner which we will pay back £1 per year over the next 100 million years?
Anyway, buying players is not a cost. It's only changing one asset (cash) into another kind kind of asset (players). So buying five £20m players would only cost us the amortization cost each year, which on 4 year contracts would be £25m. each year. Which again will improve the value of our intangible assets, such as goodwill, so it might not even be £25m per year.
However, they need to get paid. And if we are paying £80k p/w, it's another £20m which is a real cost per year.
So buying five £20m players would mean a yearly cost of £40-45m (amortization+wages). And if they improve our results, we will see our income increase as well. From prize money, gate receipts and sponsorship deals, etc.
If we invest in young, up and coming players, there is a chance we will have a profit on them. Playing a £20m players for three years would cost us £15m in amortization. But if he is then sold for €30m, it would mean a £25m profit the year he is sold, because his initial £20m cost has been paid for through amortization.
It doesn't work like that