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re: Facing multiple legal challenges, UEFA set to ease FFP restrictions
Posted on 5/18/15 at 11:24 am to StraightCashHomey21
Posted on 5/18/15 at 11:24 am to StraightCashHomey21
It really just comes down to this: I agree the clubs should be protected from what happened to Portsmouth, Leeds, and Rangers. Those clubs had huge debts racked up onto their balance sheets and suffered hugely for it. But if an owner or a shareholder has cash on hand of their own money for a transfer, and they are going to pay it all up front and no debt will be added to the clubs finances then I don't think it's right to make that kind of a transaction illegal.
1
Posted on 5/18/15 at 11:26 am to Draconian Sanctions
quote:
It really just comes down to this: I agree the clubs should be protected from what happened to Portsmouth, Leeds, and Rangers. Those clubs had huge debts racked up onto their balance sheets and suffered hugely for it. But if an owner or a shareholder has cash on hand of their own money for a transfer, and they are going to pay it all up front and no debt will be added to the clubs finances then I don't think it's right to make that kind of a transaction illegal.
Sure they can transfer or front money to cover transfers or wages but once that stops and a club can not cover those wages on its own. Then a shite storm starts.
I am all for investment, but reckless spending on a year by year basis is just bad for the game.
This post was edited on 5/18/15 at 11:28 am
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