Quote Originally Posted by wrinkly View Post
They do flout the rules though.

Our opponents tonight openly stated that they deliberately broke ffp rules in a gamble to get promoted. They knew the penalties but were happy to take the risk. I
Several clubs have done the same thing.

A few clubs are now using a loophole to get round ffp as it relates to maximum losses allowed.
These clubs include Sheffield Wednesday.
They have sold the stadium, to a group controlled by their chairman, for £60 million and the profit on the sale reduces the clubs losses over a 3 year period to within the permitted losses. Obviously this loophole can only be used once.
In the latest accounts the chairman has loaned the club £40 million - increasing the club's debt to him to £77 million.
This is necessary because the club's wage bill was £42 million. Income was £25 million.
The rules for the Championship and League 1 and 2 are substantially different.

In league 1 you only need to be in danger of breaching the threshold of spending 60% of your turnover on player wages in a single season to risk an embargo.

The Championship sees it fit to allow clubs to amass losses of £45m over 3 seasons chasing the Premier**** dream.

Wednesday chose to do that big style hence the losses they are suffering and the transfer embargo’s they have been under.

It is utterly pointless clubs like the Millers getting in the Championship while the rules are so heavily weighted to encourage clubs to gamble everything chasing the Premier**** rather than running sustainable businesses.