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Palace and Financial Fair Play
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 Ginger Pubic Wig  Wickham de L'Ouest 03 Aug 17 6.47am |
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I saw a few posts on this website the other day suggesting Palace had nothing to worry about when it came to Financial Fair Play. I've also been on the Transfer Talk pages and seen posters advocating £40 million net spend this window. However, this link from Sky (which cites Deloitte, about the best name when it comes to football finance) says our wage revenue ratio in 2015/16 was, at 80%, already in breach of FFP rules (maximum 70%). Since then our major activity was Benteke, Luka, Schlupp, Townsend, Tomkins, PVA, Riedewald in, Sakho and Remy loans, and Bolasie and Gayle out. (Apologies as I know I will have missed some obvious names). Is the new TV deal really going to absorb all the additional cost we have incurred and allow any material net spend this window? (Assuming our owners want to!) I'd love an explanation as to how. Edited by Ginger Pubic Wig (03 Aug 2017 7.08am)
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| bexleydave Barnehurst 03 Aug 17 7.07am |
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Perhaps we've applied for the same exemption as Bournemouth, who are unaffected by FFP.
Bexley Dave Can you hear the Brighton sing? I can't hear a ******* thing! "The most arrogant, obnoxious bunch of deluded little sun tanned, loafer wearing mummy's boys I've ever had the misfortune of having to listen to" (Burnley forum) |
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| Ginger Pubic Wig Wickham de L'Ouest 03 Aug 17 7.13am |
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when I posted this, you were one of the people I'd hoped could explain it, BD, since you seem relatively well informed on the topic. (if that comes across sarcastic -- it's not)
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| JohnB 03 Aug 17 7.48am |
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FFP takes into account your last 3 years revenue. So if our rev was 20 mil in championship and 100 mil in prem then it would be skewed until we had been in the prem for 3 full financial years. It's a lot easier to reach 80 % of 220m than 300m for example. If you do breach wages FFP, you only get a fine which is probably how Bournemouth have done and also I'm sure Man City had to pay a fine. That fine is a % of the overspend. If you make a loss in excess of (I think) £30m then you can get docked points the following season if you're still in the same league. I think it's 5 points but not 100% sure.
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| dreamwaverider London 03 Aug 17 8.21am |
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Originally posted by JohnB
FFP takes into account your last 3 years revenue. So if our rev was 20 mil in championship and 100 mil in prem then it would be skewed until we had been in the prem for 3 full financial years. It's a lot easier to reach 80 % of 220m than 300m for example. If you do breach wages FFP, you only get a fine which is probably how Bournemouth have done and also I'm sure Man City had to pay a fine. That fine is a % of the overspend. If you make a loss in excess of (I think) £30m then you can get docked points the following season if you're still in the same league. I think it's 5 points but not 100% sure. Maybe why that is the promoted clubs get the parachute payments.
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| bexleydave Barnehurst 03 Aug 17 8.48am |
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Originally posted by Ginger Pubic Wig
when I posted this, you were one of the people I'd hoped could explain it, BD, since you seem relatively well informed on the topic. (if that comes across sarcastic -- it's not) It's as John B says and, if DWR has our income about right (which it does look to be) we shouldn't be in breach of FFP just yet. I never see other club's chairman stressing about it other than our own.
Bexley Dave Can you hear the Brighton sing? I can't hear a ******* thing! "The most arrogant, obnoxious bunch of deluded little sun tanned, loafer wearing mummy's boys I've ever had the misfortune of having to listen to" (Burnley forum) |
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| Dan89 Se25 03 Aug 17 9.35am |
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If a similar scenario happens in January, where we've underinvested. I can all most guarantee that we'd spend to survive again. I think de Boer has the right philosophy of targeting players between 20-25.
Another Damien Diagonal - Total Football |
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| bexleydave Barnehurst 03 Aug 17 9.44am |
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Originally posted by Dan89
If a similar scenario happens in January, where we've underinvested. I can all most guarantee that we'd spend to survive again. I think de Boer has the right philosophy of targeting players between 20-25. In our fifth season we should be looking beyond having to "spend to survive again" after Christmas. I'd personally prefer it if we targeted players that were the best we can sign to do the job, irrespective of age.
Bexley Dave Can you hear the Brighton sing? I can't hear a ******* thing! "The most arrogant, obnoxious bunch of deluded little sun tanned, loafer wearing mummy's boys I've ever had the misfortune of having to listen to" (Burnley forum) |
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DutchEagleJohan  Vlissingen, Netherlands 03 Aug 17 10.00am |
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Surely resale value should be a consideration? Or you may well stop being mift about Bournemouth and their, as you see it ,unsportingly behavior Originally posted by bexleydave
In our fifth season we should be looking beyond having to "spend to survive again" after Christmas. I'd personally prefer it if we targeted players that were the best we can sign to do the job, irrespective of age.
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| bexleydave Barnehurst 03 Aug 17 11.32am |
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Originally posted by DutchEagleJohan
Surely resale value should be a consideration? Or you may well stop being mift about Bournemouth and their, as you see it ,unsportingly behavior
Bexley Dave Can you hear the Brighton sing? I can't hear a ******* thing! "The most arrogant, obnoxious bunch of deluded little sun tanned, loafer wearing mummy's boys I've ever had the misfortune of having to listen to" (Burnley forum) |
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| Nobbybm Dartford 03 Aug 17 12.44pm |
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Originally posted by bexleydave
Perhaps we've applied for the same exemption as Bournemouth, who are unaffected by FFP. Lol. I think they are a great example of why it's worth ignoring FFP to a degree. The £7m fine was a drop in the ocean compared with the financial rewards of staying up.
Will this be five? It's gonna be five! It IS five! |
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| Ginger Pubic Wig Wickham de L'Ouest 03 Aug 17 1.22pm |
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that's the BBC and it says the tv and prize money was 109.7m in 2016/17. Assuming 22,000 people paid 700 quid in tickets, that would be 15.4m quid. Add another 5m for extras, and our revenue would have been 130m. Not the 150m referenced above. 70% of 130m is
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