Popular Post Wainy316 Posted October 15, 2018 Popular Post Share Posted October 15, 2018 We'll spend what we want, We'll spend what we waaaaaaant, We're Aston Villa We'll spend what we want 2 1 3 Link to comment Share on other sites More sharing options...
TheAuthority Posted October 15, 2018 VT Supporter Share Posted October 15, 2018 He seemed to suggest that the new investors had wiped out the debts meaning that we are at zero again. I didn't think that was how FFP worked? 1 Link to comment Share on other sites More sharing options...
Eastie Posted October 15, 2018 Share Posted October 15, 2018 (edited) 33 minutes ago, terrytini said: So....we have a “ financial clean slate” apparently ? Very interesting indeed. I wonder how they did that. Maybe xia overplayed the ffp thing to cover up his own lack of funds? ‘Purslow seems confident we can spend in January without the worry of ffp being a problem Edited October 15, 2018 by Eastie Link to comment Share on other sites More sharing options...
alreadyexists Posted October 15, 2018 VT Supporter Share Posted October 15, 2018 (edited) 4 minutes ago, Eastie said: Maybe xia overplayed the ffp thing to cover up how own lack of funds? ‘Purslow seems confident we can spend in January without the worry of ffp being a problem That could be a good point, re Xia overplaying it. Also, Alan Nixon (I know) said that new owners are given leeway as the problems with the club aren’t their ‘fault’. So I’d assume that’s because to enforce existing spending problems on a new owner would make a business much less valuable (sort of defeating the object of FFP which is to keep clubs viable) when looking to buy a new club Edited October 15, 2018 by alreadyexists 3 Link to comment Share on other sites More sharing options...
Popular Post villa89 Posted October 15, 2018 Popular Post Share Posted October 15, 2018 (edited) 31 minutes ago, Jareth said: Must be confident to say that, I think there be some large sponsorships incoming. There's obviously a huge sponsorship deal in the works with the world cabbage growers organisation that will see unibet replaced with a green cabbage on the home kit and red on the away. Edited October 15, 2018 by villa89 4 6 Link to comment Share on other sites More sharing options...
terrytini Posted October 15, 2018 Share Posted October 15, 2018 18 minutes ago, Eastie said: Maybe xia overplayed the ffp thing to cover up his own lack of funds? ‘Purslow seems confident we can spend in January without the worry of ffp being a problem Possibly, although he specifically said the Owners have funded clearing it. Lovely ! Link to comment Share on other sites More sharing options...
blandy Posted October 15, 2018 Moderator Share Posted October 15, 2018 44 minutes ago, terrytini said: So....we have a “ financial clean slate” apparently ? Very interesting indeed. I wonder how they did that. The clean slate is with regard to actual debt to other parties, not to FFP. i.e. the new owners paid off all debts (apparently) to HMRC, other clubs, whoever. That is NOT the same as having FFP "wiped" The FFP rules are still the FFP rules. This is what he said Quote “The profitability and sustainability rules that govern the league we play in and the broader Fair Play regime that, many years ago, I sat on the working group and brought those rules in. “We’re highly respectful of them and are of course navigating within those rules. “It changes nothing. We are determined to support our new management team in improving this squad where needing to do so and can easily do so with the financial resources within the rules. “We’re moving in the right direction. Thanks to our new majority owners, we have a completely clean balance sheet, the financial problems the club had incurred were all cleared with the investors’ money and we now have a very strong financial base.” What's intriguing is that he's saying we can "easily" support (signings) and remain within the FFP rules. I must confes to being baffled as to how, but I'm just a bod i nthe internet, not a CEO, so wahey! 2 Link to comment Share on other sites More sharing options...
mjmooney Posted October 15, 2018 VT Supporter Share Posted October 15, 2018 Spanish/Portugese centre back(s) incoming, then? Link to comment Share on other sites More sharing options...
terrytini Posted October 15, 2018 Share Posted October 15, 2018 Just now, blandy said: The clean slate is with regard to actual debt to other parties, not to FFP. i.e. the new owners paid off all debts (apparently) to HMRC, other clubs, whoever. That is NOT the same as having FFP "wiped" The FFP rules are still the FFP rules. This is what he said What's intriguing is that he's saying we can "easily" support (signings) and remain within the FFP rules. I must confes to being baffled as to how, but I'm just a bod i nthe internet, not a CEO, so wahey! I agree, but he has clearly said - as you mention - “ easily within the rules”.....that’s the bit I meant Link to comment Share on other sites More sharing options...
Mark Albrighton Posted October 15, 2018 VT Supporter Share Posted October 15, 2018 (edited) Having given that statement a bit of thought, I think it’s either - a) the new owners sat down with football league and said “listen, you lot properly screwed the pooch with the fit and proper test concerning Dr Tony. The reason you lot have jobs is because of Aston Villa and we can buy and sell your sorry arses without a moment’s hesitation. So let us spend what we want and we’ll say no more on the issue.” Or b) Purslow is a big fibber. Edited October 15, 2018 by Shropshire Lad 1 3 Link to comment Share on other sites More sharing options...
romavillan Posted October 15, 2018 VT Supporter Share Posted October 15, 2018 Yeah it's bizarre that we can easily invest in the squad in Jan and still be within the rules, not sure how the loss over the last three years all of a sudden gets magicked away. 1 Link to comment Share on other sites More sharing options...
ciggiesnbeer Posted October 15, 2018 Share Posted October 15, 2018 Sounds great! My biggest hope with the new owners is they would get aggressive in working around so called FFP. Looks like they have. As the CEO says he knows how to get around them too, thats very good news. Link to comment Share on other sites More sharing options...
alreadyexists Posted October 15, 2018 VT Supporter Share Posted October 15, 2018 18 minutes ago, ciggiesnbeer said: Sounds great! My biggest hope with the new owners is they would get aggressive in working around so called FFP. Looks like they have. As the CEO says he knows how to get around them too, thats very good news. He didn’t really say that, but he did say we could add to the squad and stay within the rules... so perhaps he has got a trick up his sleeve!? 1 Link to comment Share on other sites More sharing options...
Popular Post ciggiesnbeer Posted October 15, 2018 Popular Post Share Posted October 15, 2018 (edited) 3 minutes ago, alreadyexists said: He didn’t really say that, but he did say we could add to the squad and stay within the rules... so perhaps he has got a trick up his sleeve!? Well he said everything has been cleared financially and he was on the board when the rules were set and he has no concerns. Now I detected one of these as he said "of course I respect the rules". But maybe thats me projecting Edited October 15, 2018 by ciggiesnbeer 2 4 Link to comment Share on other sites More sharing options...
Popular Post Khizzy Posted October 15, 2018 Popular Post Share Posted October 15, 2018 Wes: "Nassef, we need to find a way to deal with FFP - and quickly" Nassef: "How about we hire one of the guys that helped come up with the bloody idea?!" 2 5 Link to comment Share on other sites More sharing options...
Popular Post Spoony Posted October 15, 2018 Popular Post Share Posted October 15, 2018 If we are all honest with ourselves, none of us have the first clue about how it works. However, this being football, I’m sure if you grease the right palms and assist people in “interpreting the rules” a certain way, the problems soon go away. 6 Link to comment Share on other sites More sharing options...
rodders0223 Posted October 15, 2018 Share Posted October 15, 2018 2 hours ago, mjmooney said: Spanish/Portugese centre back(s) incoming, then? Link to comment Share on other sites More sharing options...
Spoony Posted October 15, 2018 Share Posted October 15, 2018 17 minutes ago, rodders0223 said: I’d rather we were relegated. 2 Link to comment Share on other sites More sharing options...
sidcow Posted October 15, 2018 VT Supporter Share Posted October 15, 2018 Is there anything in Football we didn't invent? The Football League, The Bicycle Kick, FFP. We're like the football boffins us. 1 Link to comment Share on other sites More sharing options...
JAMAICAN-VILLAN Posted October 15, 2018 Share Posted October 15, 2018 42 minutes ago, rodders0223 said: Link to comment Share on other sites More sharing options...
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