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  • Jason Jason Aug 22, 2012 13:05 Flag

    FFP Impact from a level perspective, Q&A

    I'm continually interested in everything that's said about FFP, and it seems that it's got more holes in it than a piece of swiss cheese.. A few of us have had some good conversations about it, Dave, Bob,Hobs, Aurelio, Colyn, Loki etc etc so it prompted me to want to know more, because it's also a bit bothersome with potentail flaws..

    Having said that, trying to read the damn thing on the UEFA site is absurd, so in an effort to learn as much as I could, I spent about 2 months working on this and finally got consent to produce this last night.

    For those of you in FFP, or who even know what it means, or what the letters stand for, how it affects LFC and the rest of Europe, I hope you'll enjoy and I appreciate any comments or criticism. I only asked the questions and was quite astonished with the answers.. and for those not familiar with him, Dave could tell you he's quite the soccer/football guru analyst here in the states on our Fox Soccer Channel.. Sort of an idol to me, having watched for years.. (of course for 2-3, I made it up, published it across the world wide internet and twitter, putting myself in harm's way with regards to legal actions without official consent)

    Anyways.. cheers. Fingers crossed it meets your approval, but moreso, actually is something that improves the way Europe and the teams/clubs operate in years to come..

    http://acrossthemersey.com/2012/08/21/ffp-financial-fair-play-or-funny-financialy-plot/

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    • I think there are a range of sanctions that could be levied before an outright ban is issued, many of which have been used in the past with some effect.

      We've just seen prize money being withheld. Not sure if that is going to be highly effective against the big spending teams who don't mind spending beyond their means, but if TV money was withheld now we'd be talking about some serious cash.

      Another might be not sanctioning transfers, which has also been used in the past. Not sure if that sanction has been tested in court, or just not challenged. But since there are precedents on this, not sure how successful any challenge might be.

    • I think there are a range of sanctions that could be levied before an outright ban is issued, many of which have been used in the past with some effect.

      We've just seen prize money being withheld. Not sure if that is going to be highly effective against the big spending teams who don't mind spending beyond their means, but if TV money was withheld now we'd be talking about some serious cash.

      Another might be not sanctioning transfers, which has also been used in the past. Not sure if that sanction has been tested in court, or just not challenged. But since there are precedents on this, not sure how successful any challenge might be.

    • It's going to be interesting to see how they enforce the rules.

      If they happen to ban a club from the CL for example I can see it going to court which begs the question of what happens in the mean time and exposes a whole load of other questions about operating as a business and what is acceptable in one area is not in another etc. Messy messy messy

    • To be honest Jason when I read this one this morning I thought it was more a statement by UEFA that they mean to enforce these rules more than anything else. It’s withholding prize money, but not sure this will really hurt the clubs involved drastically (not like being banned from a competition and missing out on the real money: TV money!) But it does send the signal that clubs who don't live up to the regulations, regulations that have been well documented, and approved by the vast majority of European clubs, will face a sanction.

      Now of course the real test will be if UEFA goes ahead and bans a club from the CL. Whether it’s City, Chelsea, or PSG, for not operating in the black or Real Madrid for not documenting loans from friendly banks as debt. Personally I think we're a long way off that, and do think those clubs currently not in compliance will get plenty of warning before the option of a ban is levied as a sanction. But it does seem UEFA for a change actually is doing something, and willing to start those sanctions now, and with maybe just a little bite, but still a bite with real teeth, as we're talking real money here.

    • So it works like this ...

      We owe you money but we just got some prize money so we can pay you.

      Oh no we can't; UEFA has withheld the prize money. Now we are further in debt.

      What a wonderful idea FFP is ...

    • And FFP has begun.. the great "myth" to some..

      While not European Superpowers, I wouldn't call Atletico Madrid and Malaga small either.. Mind you Atletico is competing in Europa as well..

      https://uk.eurosport.yahoo.com/news/uefa-withholds-prize-money-first-fair-play-sanctions-093439805.html

    • The LV reference was less about the sort of financial activity that JT might get up to and more about the social activities that one AC used to be famous for. Allegedly.

      Frank Lampard is pure as the driven snow. Go wash your keyboard out.


      Robert

      PS our AC, not yours.

    • I realize that, just saw the funny side thinking about Terry, Lamps and the crew blowing daddies credit card in Vegas.

    • In the example, yes. It's just an analogy to highlight why debt is not the thing that FFP worries about. Don't take it too literally.


      Robert

    • I like the analogy Robert, but you know I have to ask (if I don’t someone else will!). In the scenario I assume the mancs are the hardworking man who earns good money, but is highly leveraged with the big mortgage. But, are you saying you and or City are members of the barmy army who need to mend their ways?

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