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re: Bournemouth to the big time
Posted on 4/28/15 at 10:26 am to Draconian Sanctions
Posted on 4/28/15 at 10:26 am to Draconian Sanctions
1
Posted on 4/28/15 at 10:27 am to Draconian Sanctions
quote:
Lol no, they've been bankrolled
every team has rich owners that isn't owned by the fans
One of their own board members had to write a 100k pound check to keep them afloat. The squad is made up of outcast from other teams and some youth players.
But keep on trying
quote:
But, since you brought it up, when will FFP be expanded to actually include debts being put onto a club (a la Glazer family) which is much more of a danger to club solvency than individuals using their fortunes?
United services its own debt every year, unlike City who lives beyond the clubs means and in the red and actually might be in the black next year bc of FFP. United operates in the black every year and pays off a % of the debt every year. Nice try though.
This post was edited on 4/28/15 at 10:29 am
Posted on 4/28/15 at 10:37 am to StraightCashHomey21
Re: Bournemouth, the article I linked shows how they have built their team through ever increasing transfer budget. You're trying to make them out to be something that they aren't to fit your agenda.
Man United is a special example and can get away with it, but as it stands that model is allowable for any potential club owners to use. What would happen if someone bought Crystal Palace using the same method the Glazers bought ManU and the club got relegated? Why was it not included in FFP rules?
Man United is a special example and can get away with it, but as it stands that model is allowable for any potential club owners to use. What would happen if someone bought Crystal Palace using the same method the Glazers bought ManU and the club got relegated? Why was it not included in FFP rules?
This post was edited on 4/28/15 at 10:45 am
Posted on 4/28/15 at 10:46 am to Draconian Sanctions
quote:
Why was it not included in FFP rules?
The Illuminati
This post was edited on 4/28/15 at 10:48 am
Posted on 4/28/15 at 10:53 am to Draconian Sanctions
quote:
Re: Bournemouth, the article I linked shows how they have built their team through ever increasing transfer budget. You're trying to make them out to be something that they aren't to fit your agenda.
you dont see the difference in spending 7 million since 2013 and spending a billion pounds
quote:
Man United is a special example and can get away with it, but as it stands that model is allowable for any potential club owners to use. What would happen if someone bought Crystal Palace using the same method the Glazers bought ManU and the club got relegated? Why was it not included in FFP rules?
Its bc the size of the club, smaller clubs can be bought out right like City was bc they were not worth much. The potential Palace take over which might happen will be bc the club is not worth that much.
Posted on 4/28/15 at 11:01 am to StraightCashHomey21
quote:
you dont see the difference in spending 7 million since 2013 and spending a billion pounds
Well it's relative to your level, isn't it? And the point wasn't about how much money they've spent, it's that the club wasn't built the way you claimed it was.
From the article:
The accounts for their first season in the Championship are yet to be released, although they have continued to spend more than they earn when it comes to transfers. In a league packed with examples of financial mismanagement, Bournemouth are far from the most lavish spenders, but neither are they minnows swimming in a sea of sharks.
In fact, of those clubs who don’t currently enjoy Premier League parachute payments just three - Nottingham Forest, Leeds United and Middlesbrough - have spent more in the last two seasons than Bournemouth. Two of those clubs (Forest and Leeds) were hit with transfer embargoes by the football league for breaching financial fair play rules.
quote:
Its bc the size of the club, smaller clubs can be bought out right like City was bc they were not worth much. The potential Palace take over which might happen will be bc the club is not worth that much.
Well I don't really care how a club gets bought. If it's legal under EU law then I'm good with it. I'm just struggling with the idea that we're told FFP is there to protect the clubs, yet this is a pretty big hole in that aim. Wasn't unsustainable debts being put on the club the reason for all this on the first place? But club debt (other than wages and transfers paid for via individual fortunes) wasn't part of the regulations? What kind of sense does that make?
This post was edited on 4/28/15 at 11:02 am
Posted on 4/28/15 at 11:08 am to Draconian Sanctions
quote:
Well it's relative to your level, isn't it? And the point wasn't about how much money they've spent, it's that the club wasn't built the way you claimed it was.
You are really reaching straws here. 7 million is almost nothing at that level. A record transfer of 800k is not much at all. Don't forget they just got 4 million on the Lallana deal. So basically all their spending is already covered.
quote:
The accounts for their first season in the Championship are yet to be released, although they have continued to spend more than they earn when it comes to transfers. In a league packed with examples of financial mismanagement, Bournemouth are far from the most lavish spenders, but neither are they minnows swimming in a sea of sharks.
No one is saying they didn't step their spending up. But its really not that much.
quote:
In fact, of those clubs who don’t currently enjoy Premier League parachute payments just three - Nottingham Forest, Leeds United and Middlesbrough - have spent more in the last two seasons than Bournemouth. Two of those clubs (Forest and Leeds) were hit with transfer embargoes by the football league for breaching financial fair play rules.
Well looks like Bournemouth got it right and now will be swimming in cash from the tv deal. They are not a mismanaged team, once again they were just in admin and almost out of professional football. The investment was later on in the progression.
quote:
Well I don't really care how a club gets bought. If it's legal under EU law then I'm good with it. I'm just struggling with the idea that we're told FFP is there to protect the clubs, yet this is a pretty big hole in that aim. Wasn't unsustainable debts being put on the club the reason for all this on the first place? But club debt (other than wages and transfers paid for via individual fortunes) wasn't part of the regulations? What kind of sense does that make?
Which club was bought on an unsustainable debt?
Don't you think the people who loaned the Glazer's all that money knew they would see a return on their investment bc how much of a cash cow United is.
This post was edited on 4/28/15 at 11:11 am
Posted on 4/28/15 at 11:22 am to StraightCashHomey21
quote:
Well looks like Bournemouth got it right and now will be swimming in cash from the tv deal.
Sure, and I obviously have no issue with how they did it. I was just pointing out that they didn't just build a great youth system like you tried to claim.
quote:
Don't you think the people who loaned the Glazer's all that money knew they would see a return on their investment bc how much of a cash cow United is.
Of course. And again I'm not interested in telling people how they should or shouldn't run their clubs or go about acquiring them. But if we're going to say that clubs taking on debt is a problem, and decide to regulate that, then I don't see how you can justify only regulating one type of debt while saying that another type is okay. Debt is debt, it's all dangerous. Manchester United added a bunch of debt to what already existed this past fiscal year. That is, by definition, not living within your means.
Posted on 4/28/15 at 11:28 am to Draconian Sanctions
quote:
Sure, and I obviously have no issue with how they did it. I was just pointing out that they didn't just build a great youth system like you tried to claim.
I said used youth players and outcast from other teams
quote:
Manchester United added a bunch of debt to what already existed this past fiscal year. That is, by definition, not living within your means.
No they didn't, and the club very much so lives with in its means. Don't make shite up
the debt went up due to exchange rates not bc they club lived beyond its means.
the once 700 million debt is now been cut in half club should be debt free in another 10 years.
This post was edited on 4/28/15 at 11:39 am
Posted on 4/28/15 at 6:10 pm to StraightCashHomey21
quote:
yup proving a sound financial plan and using your youth academy works
This post was edited on 4/28/15 at 6:11 pm
Posted on 4/28/15 at 6:10 pm to WarSlamEagle
Haha It will never die.
Posted on 4/28/15 at 6:12 pm to BleedPurpleGold
Capri earned promotion for the first time in over 65 years to Serie A. What is this craziness?
Posted on 4/28/15 at 6:13 pm to glassman
Wow thats really cool. Lots of fun to the end of this season.
Posted on 4/28/15 at 6:16 pm to BleedPurpleGold
Chef Andrea must be doing cartwheels in that shite of a restaurant in Metry!!!
Posted on 4/28/15 at 6:22 pm to glassman
Posted on 4/29/15 at 2:36 am to BleedPurpleGold
quote:
Haha It will never die.
Seeing a club like this make it to the big time really rustled his jimmies.
Posted on 4/29/15 at 1:34 pm to cheesesteak501
quote:Yes, and no.
So 6 years ago they almost got relegated to the 5th division? And now they're going to the premier league?
The "5th division" is no longer even Football League. I "get" that comparisons to American sports are often irritating to us purists, however this would be akin to "Rookie League" or Independent league baseball, below Single A.
Posted on 5/3/15 at 7:48 am to RedPop4
Posted on 8/9/15 at 5:56 am to StraightCashHomey21
Sky Sports is going to have a documentary on the club from Bust to Big Time, next weekend.
Posted on 8/9/15 at 9:13 am to StraightCashHomey21
Is SCH really talking about sound financials in this thread?
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