Hoof hearted Posted May 31, 2018 Share Posted May 31, 2018 5 minutes ago, hippo said: I have posted a few times now that QPR have been fined £40m for breaching FFP - They have appealed and lost. That said if FFP were scrapped tomorrow - I still think we would see cost cutting at villa this season QPR had such a big hit because they went out of their way to avoid paying anything by hiding behind the Premiere leagues disregard of FFP in the EFL. That has changed now, hence Leicester and Bournemouth having squeaky bums. A few clubs will have rude awakenings I feel in the coming months and years that will make our worries seem insignificant by comparison. (Unless they have Manchester or Liverpool in their names of course). Link to comment Share on other sites More sharing options...
Popular Post DCJonah Posted May 31, 2018 Popular Post Share Posted May 31, 2018 Said it in the grealish thread, but if we have to sell him to just balance the books then for me xia can **** off and start looking for a new buyer. As **** useless as the last bloke. 4 1 Link to comment Share on other sites More sharing options...
Nabby Posted May 31, 2018 Share Posted May 31, 2018 1 minute ago, DCJonah said: Said it in the grealish thread, but if we have to sell him to just balance the books then for me xia can **** off and start looking for a new buyer. As **** useless as the last bloke. I'm close to he can bugger off already tbh Link to comment Share on other sites More sharing options...
jackbauer24 Posted May 31, 2018 Share Posted May 31, 2018 Looking at the Wiki page on FFP I'm even less worried, even the likes of Man City only got a £60m fine (of which £40m was suspended). Most clubs seem to get a fine of around a few million and even 75% of that is suspended. It's basically toothless. But of course we could get banned from Europe which is a major concern in the Championship... Link to comment Share on other sites More sharing options...
Eastie Posted May 31, 2018 Share Posted May 31, 2018 (edited) 6 hours ago, jackbauer24 said: Looking at the Wiki page on FFP I'm even less worried, even the likes of Man City only got a £60m fine (of which £40m was suspended). Most clubs seem to get a fine of around a few million and even 75% of that is suspended. It's basically toothless. But of course we could get banned from Europe which is a major concern in the Championship... Totally different rules in the efl with points deductions and demotion now an option as fines clearly were not working But what are the potential punishments? Previously the Football League has only been able to either; fine promoted clubs (a fine the Premier League didn’t help them collect), or impose a transfer embargo for historic overspending (which always like a stable-door/horse scenario). With this change, a wide range of punishments are now available. Nothing is off the table; the Football League are now able to impose a points deduction during the current season, or demote a club from an automatic promotion position into the play-offs (or out of the play-offs altogether). Transfer embargoes are also available (with the earliest one potentially applying during the Summer 2017 Transfer window. http://www.financialfairplay.co.uk/financial-fair-play-explained.php Edited May 31, 2018 by Eastie 1 Link to comment Share on other sites More sharing options...
hippo Posted May 31, 2018 Share Posted May 31, 2018 7 minutes ago, jackbauer24 said: Fair enough. But is a fine relevant if you're trying to invest anyway?! You just work it in to the running costs! Especially if by not investing you lose more than the amount of the fine. And have QPR paid this back yet? All in one go? Has it greatly impacted on them? I just don't get the fear. It has greatly impacted on them. They may be forced to sell smithies - It has still to be decided if the £40m fine goes into the FFP statement as an expense - thus pushing them over limit for future years. However I sort of agree your general point my suspicion is Xia gambled on the parachute payments to land us a £100m + windfall - now that hasn't happened - He has no clever way of pumping money in. I really think its the beginning of the end of Xia's reign. To me he offers nothing now. Link to comment Share on other sites More sharing options...
Jareth Posted May 31, 2018 Share Posted May 31, 2018 Not sure i understand any shock here, we knew what the plan was these last 2 seasons spending to get back quick. We all new the consequences of that failing. We take our medicine and start down a new path, with Tony. 1 Link to comment Share on other sites More sharing options...
DCJonah Posted May 31, 2018 Share Posted May 31, 2018 Just now, Jareth said: Not sure i understand any shock here, we knew what the plan was these last 2 seasons spending to get back quick. We all new the consequences of that failing. We take our medicine and start down a new path, with Tony. Did we? The message from the club was not we will be **** and will sell our best player, with no way of reinvesting the money, just to balance the books. I thought there would be consequences and a change in approach, this is looking more than i expected. Massive gamble and now sticking with bruce looks even more stupid in hindsight. Once again an owner whose decisions end up costing us seriously long term. **** great. 1 Link to comment Share on other sites More sharing options...
Nabby Posted May 31, 2018 Share Posted May 31, 2018 8 minutes ago, hippo said: It has greatly impacted on them. They may be forced to sell smithies - It has still to be decided if the £40m fine goes into the FFP statement as an expense - thus pushing them over limit for future years. However I sort of agree your general point my suspicion is Xia gambled on the parachute payments to land us a £100m + windfall - now that hasn't happened - He has no clever way of pumping money in. I really think its the beginning of the end of Xia's reign. To me he offers nothing now. This is the issue with it , I can understand they want rules and to stop teams going crazy but it seems if you to break the FFP the consequences then could lead to you spending years recovering from it.Say in QPR case they could be hit so hard they are relegated again with more loss of income so how will the EFL get the fine out of them then ? Link to comment Share on other sites More sharing options...
jacketspuds Posted May 31, 2018 Share Posted May 31, 2018 I'm still confused as to how FFP is going to help us. Surely if we can't raise the £40m we are **** and could turn into another Portsmouth. Hypothetically. Link to comment Share on other sites More sharing options...
DCJonah Posted May 31, 2018 Share Posted May 31, 2018 18 minutes ago, Jareth said: Not sure i understand any shock here, we knew what the plan was these last 2 seasons spending to get back quick. We all new the consequences of that failing. We take our medicine and start down a new path, with Tony. Quotes from our CEO a few months back. "We’re very confident we’ll not be breaching Financial Fair Play rules," said Wyness. "We’re absolutely sure we’ve got the strategy in place. I’ve always said that next season will be challenging but again we’ve got a strategy in place to try and handle that" Link to comment Share on other sites More sharing options...
Jareth Posted May 31, 2018 Share Posted May 31, 2018 5 minutes ago, DCJonah said: Quotes from our CEO a few months back. "We’re very confident we’ll not be breaching Financial Fair Play rules," said Wyness. "We’re absolutely sure we’ve got the strategy in place. I’ve always said that next season will be challenging but again we’ve got a strategy in place to try and handle that" Dude I’ve no problem with your strength of feeling but we are none the wiser at present, for good or for bad. What is known though is that we are firmly a championship club now and player sales are inevitable. Link to comment Share on other sites More sharing options...
DCJonah Posted May 31, 2018 Share Posted May 31, 2018 4 minutes ago, Jareth said: Dude I’ve no problem with your strength of feeling but we are none the wiser at present, for good or for bad. What is known though is that we are firmly a championship club now and player sales are inevitable. Yes, and i accept it to some extent. We need a different approach. But to be in a position where we are forced to sell grealish to just balance the books is unacceptable IMO. When you lose a player like that, it should be to reinvest and build. To not be able to do that because of decisions made by the owner is terrible. I hope the speculation is very wrong. 1 Link to comment Share on other sites More sharing options...
Stevo985 Posted May 31, 2018 VT Supporter Share Posted May 31, 2018 (edited) 8 minutes ago, DCJonah said: Yes, and i accept it to some extent. We need a different approach. But to be in a position where we are forced to sell grealish to just balance the books is unacceptable IMO. When you lose a player like that, it should be to reinvest and build. To not be able to do that because of decisions made by the owner is terrible. I hope the speculation is very wrong. is there any evidence at all that we HAVE to sell Grealish to balance the books? Genuine question Edited May 31, 2018 by Stevo985 1 Link to comment Share on other sites More sharing options...
Tomaszk Posted May 31, 2018 Share Posted May 31, 2018 3 minutes ago, DCJonah said: Yes, and i accept it to some extent. We need a different approach. But to be in a position where we are forced to sell grealish to just balance the books is unacceptable IMO. When you lose a player like that, it should be to reinvest and build. To not be able to do that because of decisions made by the owner is terrible. I hope the speculation is very wrong. I won't blame Xia for backing his manager. He's unlucky that he found one as bad as Bruce. Link to comment Share on other sites More sharing options...
Jareth Posted May 31, 2018 Share Posted May 31, 2018 1 minute ago, Tomaszk said: I won't blame Xia for backing his manager. He's unlucky that he found one as bad as Bruce. Tony had to listen to his ‘football’ men in the wake of RDM, but he must be itching to have another try, he’s two seasons wiser now and strikes me as someone who learns fast. 2 Link to comment Share on other sites More sharing options...
hippo Posted May 31, 2018 Share Posted May 31, 2018 4 minutes ago, Stevo985 said: is there any evidence at all that he HAVE to sell Grealish to balance the books? Genuine question Well there are estimates from that swiss ramble web site - which are based on previous years figures - the predict we need to raise £40m. Other 'experts' have said much the same. One or two accounty types - have said that selling Grealish is best - because he cost nothing so the whole fee goes against the debt. thats different to say Chester where the purchase price is factored in (to an extent) I would be pretty surprised if we kept grealish to be honest. Link to comment Share on other sites More sharing options...
Stevo985 Posted May 31, 2018 VT Supporter Share Posted May 31, 2018 (edited) 5 minutes ago, hippo said: Well there are estimates from that swiss ramble web site - which are based on previous years figures - the predict we need to raise £40m. Other 'experts' have said much the same. One or two accounty types - have said that selling Grealish is best - because he cost nothing so the whole fee goes against the debt. thats different to say Chester where the purchase price is factored in (to an extent) I would be pretty surprised if we kept grealish to be honest. Yeah I know all that but that doesn't mean we "have to sell Grealish to balance the books". I'd be surprised if we kept him too to be honest. But that's not because we need to sell him to balance the books. It's because I think he'll want to leave to progress his career. I think it would happen if we had no hole in the finance at all. The silver lining will be that it will help to plug that hole. Obviously that's pure speculation. If Xia is pushing him out the door to get the money then I'll be as annoyed as anyone. Edited May 31, 2018 by Stevo985 1 Link to comment Share on other sites More sharing options...
DCJonah Posted May 31, 2018 Share Posted May 31, 2018 18 minutes ago, Stevo985 said: is there any evidence at all that we HAVE to sell Grealish to balance the books? Genuine question No just speculation in the media. As i say, hope its wrong. Link to comment Share on other sites More sharing options...
DCJonah Posted May 31, 2018 Share Posted May 31, 2018 18 minutes ago, Tomaszk said: I won't blame Xia for backing his manager. He's unlucky that he found one as bad as Bruce. You can blame him for backing him with such a massive gamble. And if we really are a complete mess, he can be blamed for sticking with bruce last summer. 1 Link to comment Share on other sites More sharing options...
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