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  • Abseits
    replied
    Surely that fine must really embarrass the Premier League? Bit much it takes a bunch of continental blazers to bring Citeh to book, kind of suggests the Premier League are content with their Mickey taking "sponsorship" arrangements and overt financial doping.

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  • QPROslo
    replied
    Originally posted by hoopsmanjake View Post
    How does the football league justify our 42m fine when UEFA only dish out 25m . 25m is less than what they spend on drink at the xmas party. And 42m has ruined us
    We never got a fine of 42m. It is strange that this misinformation seems to pop up again and again. We were fined 17m and had to pay FAs legal costs of 3m, so totally 20m. Moreover, we are allowed to pay it based on interest free installments over 10 years so the net present value isn't more than 15-16m, depending on what discount factor is used.

    On top of this the owners were asked to convert some debt to equity, but that is something they have done over and over again anyway and it would had to be done independent of any decision by FA and can not be considered a penalty and not even a cost.

    More importantly, the penalty does not count towards future FFP calculations, so has absolutely no impact on the clubs financial situation or our present financial restrictions.

    All in all I think we have nothing to complain about. However, what is annoying is that other clubs seems to get away with selling their stadiums at inflated prices to cover over their FFP breaches. However, it will come back and haunt them every single future season as they have to pay annual rent for the stadium which limits their future maneuvering inside the FFP boundaries.

    When it comes to Man City the tiny penalty of 25m is not what matters. I agree it should have been at least ten times bigger, but it is nevertheless peanut money for sheikhs. It the exclusion from the Champion League that hurts. Man City will now find it increasingly hard to attract the best players, as these players will not consider signing for Man City due to the club not playing in Champion League. Some of the existing players will want to move on for the same reason. Once the revenue from Champions League will not materialize, the FFP rules means that Man Cities transfer budget will be severely affected. Look at Man U - cannot sign the best players, simply because potential new signings don't find Man U attractive enough as long as Champions League is not a certainty and because the club doesn't earn enough any longer to really compete with the best. I would not be surprised if Man City drops out of top 4 next year as a result of this. It can be the end of Man City as one of Europe's top clubs. That's the real penalty.

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  • Undecided
    replied
    Here we go again. The 42m fine (if that's what it was) hasn't ruined us, the owners have said they'll pay it, and it doesn't count for FFP.

    What's caused us (ahem) difficulties is spending beyond our means in previous seasons in the full knowledge of FFP requirements.

    Leave a comment:


  • Bill
    replied
    Originally posted by shaggy24 View Post
    May as well fined then 10

    Ffp is not a fair system if qpr had same revenue income as Preston our wage bill will always be higher due to cost of living difference

    pep will wave off end of season year out and roll up in Italy
    No he will be back at Barcelona

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  • hoopsmanjake
    replied
    How does the football league justify our 42m fine when UEFA only dish out 25m . 25m is less than what they spend on drink at the xmas party. And 42m has ruined us

    Leave a comment:


  • shaggy24
    replied
    May as well fined then 10

    Ffp is not a fair system if qpr had same revenue income as Preston our wage bill will always be higher due to cost of living difference

    pep will wave off end of season year out and roll up in Italy

    Leave a comment:


  • QPRDave
    replied
    Ha that's ####all, QPR been outta European competition for decades....
    ####in double standards again.....
    Big boys always get favorable decisions

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  • SheepRanger
    replied
    Pep to bail by saying hes tired and needs a break.

    Leave a comment:


  • Harryboy
    started a topic FFP

    FFP

    Man City banned from Europe for 2 seasons about time
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