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Bournemouth will pay £4.75m to the Football League to settle a Financial Fair Play (FFP) dispute, arising from their promotion to the Premier League in the 2014-15 season.
The Cherries had originally expected to be fined £7.6m after accruing huge losses as they won the Championship.
But they now have settled on a lower figure.
So that’s taken 4 years and they get a discount having taken £400m out of the PL for their misdemeanours in the meantime.
Risk and reward OC, risk and reward.
Will this happen?
UEFA announced a decision on Wednesday that sees Milan "excluded from participating in the next UEFA club competition for which it would otherwise qualify in the next two seasons".
The ruling is subject to a potential appeal to the Court of Arbitration for Sport.
Milan qualified for the Europa League group stages by finishing sixth in Serie A last season following a resurgence under Gennaro Gattuso.
Though they will not, as it stands, be permitted to compete in Europe's second-tier club competition, Milan will be free to play in the UEFA Champions League or Europa League in 2019-20 should they qualify for either tournament.
Bet they win the appeal.
Another Bournemouth
From Feb 2018
Leicester City have agreed to pay the Football League £3.1m to settle the league’s long-running claim that the club breached financial fair play rules when they made a £21m loss in their 2013-14 season. Leicester won promotion from the Championship that season after their owner, Vichai Srivaddhanaprabha, who owns Thailand’s duty-free company King Power, had invested more than £100m since his 2010 takeover, and subsequently they won their unlikely Premier League title in 2016.
The Football League’s then-new FFP rules, aimed at improving its clubs’ financial sustainability particularly in the Championship, set out sanctions including heavy fines for clubs which made losses greater than £8m in 2013-14. Leicester, spending heavily on players’ wages, made a £34m loss in 2012-13, then reduced it to £21m, partly due to receiving a large increase in income from a marketing deal signed with Trestellar Limited, a company run by the son of the former Premier League chairman Sir Dave Richards. That deal, under which Trestellar sold the sponsorship of the club’s shirt and stadium back to King Power, is understood to have been under investigation by the EFL when considering whether Leicester breached the rules.
Just read the reason for the delay was a legal challenge against the rules by QPR who were fined £40m and they just lost it.
All these relate to their time in EFL.
Risk and reward
Hope Villa get theirs,
Spurs want Grealish, but are holding off to get him cheaper than the £40m they want.
The simple truth OC is the riches of the EPL make the gamble worthwhile - if it pays off!
Sinkov will know the risk/reward ratio odds better than me!
I love the FPP.Quote:
Originally Posted by oldcolner
It's about as meaningful as the transfer "certainties" and yellow taxi's we are going to have.
:)
No idea what the odds are BT, I just know it's made little old Burnley one of the richest clubs in world football.Quote:
Originally Posted by The Bedlington Terrier
LolQuote:
Originally Posted by blueheeler1
They’re all outside Downing St engines running
Now at Chequers!!Quote:
Originally Posted by oldcolner