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Financial Fair Play

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Comments

  • eaststandmike
    eaststandmike Posts: 14,956
    Ha, ha, quality.
  • redman
    redman Posts: 5,285
    This is effectively a slap on the wrist as I see it though. Because unless they get relegated, which is still very unlikely there is no other punishment. No fine, no transfer embargo. 
    Not sure why 9 points was seemed appropriate. 
  • Covered End
    Covered End Posts: 52,008
    So I wonder why a 9 point penalty was decided ?
    Was this because they knew it would perhaps 90% mean Birmingham would not be relegated ?
    If they are not relegated, have they got off with no meaningful punishment ?
    A better rule would be if you transgress you are relegated.
  • Simonsen
    Simonsen Posts: 5,503
    edited March 2019
    redman said:
    This is effectively a slap on the wrist as I see it though. Because unless they get relegated, which is still very unlikely there is no other punishment. No fine, no transfer embargo. 
    Not sure why 9 points was seemed appropriate. 


    I'd say relegation is a bit more likely. They are in shit form and have lost their last four. Their next three games are WBA, Leeds and Sheff Utd. Then they play Derby plus crunch games with Rotherham, Wigan and Reading. They are right in the shit.

  • harveys_gardener
    harveys_gardener Posts: 7,038
    Appalling that there is no transparency in the process. Fines/punishment should be pre-ordained.
  • WelshAddick
    WelshAddick Posts: 1,321
    FFP is the biggest load of bollocks in football. It could actually be a reason to put investors off buying us. 
  • soapboxsam
    soapboxsam Posts: 23,229
    WelshAddick said:
    FFP is the biggest load of bollocks in football. It could actually be a reason to put investors off buying us. 
    Along with the 65 million price tag.
  • CAFCTrev
    CAFCTrev Posts: 5,978
    Wow, when the first post on this thread was made we were an upper mid-table championship club. 
  • SELR_addicks
    SELR_addicks Posts: 15,446

    Derby have reported a pre-tax profit of £14.6m after selling their Pride Park stadium to owner Mel Morris for £80m.

    The Rams have leased back the ground, which was independently valued but on the club's books as an asset worth £41m, from a company owned by Morris.



    So essentially Derby lost 65.4m and had to sell their stadium (to then lease) in order to finance their expenses.

  • SomervilleAddick
    SomervilleAddick Posts: 3,575
    Derby - the next Bolton. 
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  • golfaddick
    golfaddick Posts: 33,628
    How do you effectively sell it to yourself.....and then lease it back ???
  • Covered End
    Covered End Posts: 52,008
    golfaddick said:
    How do you effectively sell it to yourself.....and then lease it back ???
    You're the financial adviser.
  • killerandflash
    killerandflash Posts: 69,849
    SELR_addicks said:

    Derby have reported a pre-tax profit of £14.6m after selling their Pride Park stadium to owner Mel Morris for £80m.

    The Rams have leased back the ground, which was independently valued but on the club's books as an asset worth £41m, from a company owned by Morris.



    So essentially Derby lost 65.4m and had to sell their stadium (to then lease) in order to finance their expenses.

    If the asset was in the books at £41m, and sold for £80m, then that's a profit on the sale of £39m, so the real loss is actually £24m. Still awful, but probably not unusual with many of the other clubs gambling everything on promotion...
  • cafcdave123
    cafcdave123 Posts: 11,491
    SELR_addicks said:

    Derby have reported a pre-tax profit of £14.6m after selling their Pride Park stadium to owner Mel Morris for £80m.

    The Rams have leased back the ground, which was independently valued but on the club's books as an asset worth £41m, from a company owned by Morris.



    So essentially Derby lost 65.4m and had to sell their stadium (to then lease) in order to finance their expenses.

    Never a good idea separating the club from the ground IMO.

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