Deano 0 Posted April 2, 2011 Share Posted April 2, 2011 Just seen a peice on BBC about the FFP in 2014. Kinda makes even more sense why FMA is trying to get us on this solid financial footing. If it works it will certainly make us one of a very few clubs in a good state of affairs when the ruling comes into play. Link to comment Share on other sites More sharing options...
LeazesMag 0 Posted April 2, 2011 Share Posted April 2, 2011 Just seen a peice on BBC about the FFP in 2014. Kinda makes even more sense why FMA is trying to get us on this solid financial footing. If it works it will certainly make us one of a very few clubs in a good state of affairs when the ruling comes into play. he's not a visionary, don't kid yourself Link to comment Share on other sites More sharing options...
Deano 0 Posted April 2, 2011 Author Share Posted April 2, 2011 Im not, but he is a business mad and for sure he has looked at the ruling and tried to pre-empt the affects it would have if we went into 2014 in a shite financial position. Like iv said before, aiming to have us breaking even cannot be seen as a bad thing at all. Gradual progression and sustainable financial security. Its building blocks for the future. Strengthening his NUFC portfolio for a sale too. Link to comment Share on other sites More sharing options...
Lazarus 0 Posted April 2, 2011 Share Posted April 2, 2011 its bollocks. the rules state you have to live within your means over an average of three years iirc, so a club like ours will be run on a shoestring but another may spunk a shitload of cash on players forsay 2 seasons then spend fuck all in the 3rd as long as spending is averaged out and within means over the whole period i can see all sorts of contractual shenanagans happenning Link to comment Share on other sites More sharing options...
Deano 0 Posted April 2, 2011 Author Share Posted April 2, 2011 Wage caps will be next. Link to comment Share on other sites More sharing options...
ewerk 31236 Posted April 2, 2011 Share Posted April 2, 2011 I'm confident that this thread will result in some balanced, thought-provoking debate. Link to comment Share on other sites More sharing options...
Deano 0 Posted April 2, 2011 Author Share Posted April 2, 2011 what's to stop a sister company of mancity buying some adboard space for 300m if they want to get round it? Well yeah that will have to be looked at wont it? Much like the vetting of prospective owners, it make come to something like that for sponsorship deals over a certain amount. Link to comment Share on other sites More sharing options...
Dr Gloom 22190 Posted April 2, 2011 Share Posted April 2, 2011 Wage caps will be next. a wage cap would break EU employment laws. can't see that happening. Link to comment Share on other sites More sharing options...
StoneColdStephenIreland 74 Posted April 2, 2011 Share Posted April 2, 2011 Wage caps will be next. a wage cap would break EU employment laws. can't see that happening. Isn't there a wage cap in rugby? Link to comment Share on other sites More sharing options...
Billy Castell 0 Posted April 2, 2011 Share Posted April 2, 2011 In rugby league, I think you have a set percentage of turnover, or combined total salary. Link to comment Share on other sites More sharing options...
Howmanheyman 33946 Posted April 2, 2011 Share Posted April 2, 2011 Just seen a peice on BBC about the FFP in 2014. Kinda makes even more sense why FMA is trying to get us on this solid financial footing. If it works it will certainly make us one of a very few clubs in a good state of affairs when the ruling comes into play. what's to stop a sister company of mancity buying some adboard space for 300m if they want to get round it? Game over. Link to comment Share on other sites More sharing options...
DEADMAN 0 Posted April 2, 2011 Share Posted April 2, 2011 fcb is a idiot he doesnt know what he wants for the club weather he wants to invest in players or weather he wants his money back from the losses and pack up Link to comment Share on other sites More sharing options...
citizenerased 0 Posted April 3, 2011 Share Posted April 3, 2011 (edited) Im not, but he is a business mad and for sure he has looked at the ruling and tried to pre-empt the affects it would have if we went into 2014 in a shite financial position. Your giving to much credit to the moron. This is a guy who didn't undertake due diligence before spending 135 million pounds on a Premier League Club... You learn about due diligence in High School Accounting when your 4th form. Edited April 3, 2011 by citizenerased Link to comment Share on other sites More sharing options...
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