Leicester face questions about FFP

[give_us_a_wave]

Not planning on it anytime soon tbf

When you eventually do, be careful. There'll be a risk of banging your hand against the back of the bus seat in front of you due to it slipping off the end at high speed thanks to the new design.

 

[SJN-Fox]

Quote from Enzo …

“And it’s the same about Financial Fair Play - nobody from club mentioned it to me when I signed that it could be a problem and I think it’s not the right thing to do. So it would be a moment to sit and understand why they didn’t mention it to me.”

 

[big_mac4824]

I am sure Leeds could be in deep shit if they do not promote this season, from my understanding they have loaned out a lot of players to stay within FFP. I think the EFL will punish teams far harder than the Prem do, will have to wait and see what transpires with them.

 

[glyn]

Quote from Enzo …

“And it’s the same about Financial Fair Play - nobody from club mentioned it to me when I signed that it could be a problem and I think it’s not the right thing to do. So it would be a moment to sit and understand why they didn’t mention it to me.”

Hmm, that is an interesting quote. Although some due diligence from him might have easily found several articles about why we had stopped spending money over the previous 18 months and it wasn’t rocket science to know relegation wouldn’t help.

 

[glyn]

Or he could have just asked BN

 

[Rock Fox]

Quote from Enzo …

“And it’s the same about Financial Fair Play - nobody from club mentioned it to me when I signed ...

Enzo came to us via Man City - he wouldn't have the faintest clue what FFP was, even if he was told about it at the time.

 

[TornadoShaunUK]

Quote from Enzo …

“And it’s the same about Financial Fair Play - nobody from club mentioned it to me when I signed that it could be a problem and I think it’s not the right thing to do. So it would be a moment to sit and understand why they didn’t mention it to me.”

Honestly, it wouldn't surprise me given the scale of the incompetence that has lead us here, if the board hadn't git a scooby they'd be in breach of FFP till the EFL pulled it on them a few weeks ago.....

 

[Miles Away]

Not sure Vardy is a Rudkin fan…

 

[pork pie fox]

Not sure Vardy is a Rudkin fan…

Wow.

 

[Lako42]

Not sure Vardy is a Rudkin fan…

Nobody should be

 

[fox58]

Chelsea 'attempt to sell Cobham training ground' to ease financial pressures

Chelsea have been tipped to sell several players to ease their financial concerns.

www.express.co.uk

 

[camberwell fox]

Assuming that this can be done “legitimately” then I can see other clubs selling their training facilities to raise extra revenue..

 

[Lako42]

What a complete ****ing mess

 

[Blue Maniac]

What a complete ****ing mess

I know, it’s great

 

[M17TT C]

We've already done similar earlier this season:

Leicester City handed £15m FFP boost as Seagrave deal confirmed

The latest Leicester City news as the latest accounts show a deal between City and King Power for the naming rights of Seagrave training ground as well as the King Power Stadium.

www.leicestermercury.co.uk

I believe EFL rules don't allow the transfer of ownership to other companies within the group after Derby and Sheff Wed tried similar with their grounds, hence why we have just done a sponsorship deal.

PL rules are apparently a bit more relaxed on that sort of thing, I'm sure Chelsea have already done it with a hotel or two, so I fully expect us to do the same once we are officially in the PL.

It may not be the right thing to do from a moral point of view but the club seem to know a loophole or 2 in the rules.

 

[camberwell fox]

We've already done similar earlier this season:

Leicester City handed £15m FFP boost as Seagrave deal confirmed

The latest Leicester City news as the latest accounts show a deal between City and King Power for the naming rights of Seagrave training ground as well as the King Power Stadium.

www.leicestermercury.co.uk

I believe EFL rules don't allow the transfer of ownership to other companies within the group after Derby and Sheff Wed tried similar with their grounds, hence why we have just done a sponsorship deal.

PL rules are apparently a bit more relaxed on that sort of thing, I'm sure Chelsea have already done it with a hotel or two, so I fully expect us to do the same once we are officially in the PL.

It may not be the right thing to do from a moral point of view but the club seem to know a loophole or 2 in the rules.

It doesn’t sit comfortably with me BUT I do understand why we are doing it.

Why should 80% of the league have to play with a straight bat when the other 20% are saying “**** you” to the rules?

We shouldn’t be in this position and the contracts handed out were excessive compounded by the fact that BR “sanctioned” some shit buys, but relegation alone cost us £30 million in revenue due to reward money, plus the BR pay off (rumoured to be £20 million), plus some of the other stuff we couldn’t control.

If any club such as ours wishes to break into the Champions League positions and sustain it, then the only way to do this is to pay higher wages and larger transfer fees, as we’ve seen what happens when you win the league out of the blue, we lost three key players pretty quickly.

The unearthing of geeks for £400k is going to get more and more difficult.

 

[bocadillo]

Why should 80% of the league have to play with a straight bat when the other 20% are saying “**** you” to the rules?

We should be more concerned about the 10% who say it and get away with it.