Was reading today about how the new rules they are bringing will affect many teams. It was along the lines of you can only spend what you earn as a club! Perhaps Nodge or Sirpie can divulge further as i dont know the exact rulings. Can you imagine if it stood now, we would be proper in the brown stuff. And imagine man city,with their wages?!!!!!
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If we have owners who would be prepared to act as a personal guarentoor to any debt, i.e if we owe any monies they will personally pay this out of Mr Mittal's current account, then I think they should allow that.
Its when these big Ltd compaines or holding companies go into liquidation and the monies are left unpaid.
This is what Abramovich has done at Chelsea pretty much. -
yeh but by 2015 you can only spend what profit you make on transfers,and can only use actual turnover on wages etc. its something along those lines.Comment
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