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Championship Clubs Discuss FFP Changes
Thursday, 10th Apr 2014 10:38

Championship clubs met in London yesterday to discuss proposed changes to the Financial Fair Play rules (FFP) in the wake of a review of their operation.

FFP was introduced in 2012 but with sanctions only imposed from this season. During 2013/14 Championship sides are limited to losses of £3 million plus a further £5 million via equity investment by owners, although some spending, such as that on academies, falls outside those limits.

After yesterday’s meeting a Football League spokesman said: "Considerable progress was achieved on potential improvements to the current regulations following a constructive debate between clubs.

"In particular, there was a focus on maintaining fair competition between clubs, in light of the substantial increase in Premier League parachute payments brought in since the introduction of FFP.

“Clubs also considered the introduction of a 'real time' approach to financial reporting instead of the current retrospective analysis of club accounts.

"The League and Championship clubs will continue developing this work in order to achieve consensus, as any changes to the current regulations will require support from 75 per cent of clubs in order to be approved."

While a number of clubs appear to have ignored the introduction of FFP, risking transfer embargoes, or fines if they are promoted to the Premier League and some are threatening legal action, Blues joint-managing director Ian Milne last month insisted that Town and most Championship sides firmly support it.

“[Those who ignore FFP] will suffer the penalties, that’s the view of the majority,” he said.

"The latest view that we’ve got is that the majority of the Championship clubs are very much backing Financial Fair Play."


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backinbeige added 10:56 - Apr 10
Minutes of the meeting:

1. Clubs agree that something needs to be done
2. ... but clubs agree that the sanctions are too tough and they do actually want to spend more money
3. All clubs take a moment to laugh at QPR
4. Clubs publically congratulate themselves on attempts to self-govern the industry
5. Clubs continue to demand that they want to spend more money
6. AOB
8

arc added 13:06 - Apr 10
Leicester have broken the rules; Leicester have prospered. It doesn't sound to me like the rules are working.
6

rugbytomc added 13:45 - Apr 10
FFP is ridic because the punishment for teams who spend too much - is a fine and not a points deduction. clearly the teams who spend too much can afford a fine!

There shouldn't be parachute payments to teams to spend their money badly in the prem and get relegated - thus giving them the best chance to go straight back up. it should be a bigger overall payment to the championship and below to increase competition. You get extra money being in the prem - why do you need even more the season after you get relegated?!

Ipswich are doing the right thing - we overspent in the past and have never recovered financially from relegation. Simply the size of the ground is too big for prolonged championship football so we need to go up just to break even.

Thank goodness we have Evans investment - even if we don't always agree to how it gets spent. This season has been a massive turnaround on the past 13 and we're heading in the right direction. Imagine the current squad with one or two quality additions (just look at the impact Williams has made) plus an extra years development for people like Anderson and Wordsworth who are now showing their worth. Get Taylor out and replace his wages with some decent players and we really could be in the top 6 next season like Derby are now.
5

Butterbing added 14:06 - Apr 10
@Arc. There is the potential for a club to take a risk and spend heavily to go up. Businesses needs investment to achieve growth and that is what Leicester have done. That is the whole reason why it is allowed with sanctions rather than completely disallowed.
1

gazzmac4 added 15:26 - Apr 10
If the FA/UEFA or whoever are imposing these rules want them to stick then they will need to follow through with the punishments! Theyre going to have to make an example of someone before clubs fully appreciate the risks involved.

Either way i am glad that we as a club have taken the comply with the rules route rather than the gamble and hope for the best route that QPR/Bolton etc have taken.

Look where our collection of free transfers and loan moves has got us too! A bit of solid, within the lines investment in a Joniesta type player or two over the summer and imagine where we could be in 12 months time!

Optimism is a wonderful thing haha!
3

AbujaBlue added 16:32 - Apr 10
If Leicester were found in breach of the rules then they should indeed have points deducted, a fine doesn't cut it.
2

Michael11 added 17:49 - Apr 10
I find this FFP rule ridiculous. How is it fair that QPR have players like Joey Barton on £70k a week and teams like Blackburn can spend £8m on Jordan Rhodes? The clubs who get relegated from The Prem are almost rewarded for failing by given such huge parachute payments try and get back up straight away!
4

BlueandTruesince82 added 18:09 - Apr 10
FFP is the whim of prem clubs, I worry it is a 1st step to ending relegatin snd oromottion. Foregin owners look towards the franchise model and bing. If we can never be relegated my investment becomes much safer. What is needed is an immediate wage cap for all players under 21, mayber even 23 and then go from there. FFP creates a more uneven playing field
1

Cloddyseedbed added 18:18 - Apr 10
The only way for rules to work is if they are strictly followed. If they are not the punishment should be severe to stop clubs trying to get one over on other clubs and then prospering in the Premier league. Definitely a points deduction. Any team that gets promoted on the back of breaching the rules is not allowed to be promoted. Lets have a fair level playing field. One rule, the same rule, for everyone.

It is the Premier League and sky sports that have caused other teams not in "their league" to struggle as the money is not shared out equally throughout the leagues. There should never be parachute payments for teams that are relegated, how did that law get passed? We all hate bankers getting huge payments rewarding failure, what is the difference? There should be wage caps in all the leagues. Very average players are still getting far too much money, this is not helping the falling crowds as ticket prices are too high for what is on offer in the Championship and below.

Unfortunately the clubs that do not adhere to the rules will get away with cheating or the sanctions imposed will not deter others from following the same route. I hope I'm wrong.
4

Blue041273 added 22:00 - Apr 10
The rules were intended to equalise the playing field inasmuch that clubs could not mortgage their futures in the pursuit of short term success funded by rich owners chasing the Premiership riches. This intent has clearly failed even in its first year with clubs like QPR, Wigan and Leicester operating beyond their current financial means. Generally speaking clubs in the Football League simply cannot afford to pay transfer fees for new players. Clubs relegated from the Premiership however enjoy a huge advantage in that they have a huge boost to income without a ball being kicked. It's little wonder that other FL clubs want a bit more leeway to allow them to attract a better class of player than currently permitted under these unfair rules.
0

Dozzells_Bobblehat added 01:05 - Apr 11
Arc - Leicester gambled, Leicester won, but its a hell of a gamble. Wait and see what happens at QPR if they dont go up. Could be Pompey all over again.
0

chicorytwin added 06:26 - Apr 11
Rightly or wrongly the parachute payments from the Premiership are to cover the cost of the players wages
0


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