Financial Fair Play

[SteveAWOL]

Have Chelsea, Villa, Everton and Newcastle found a PSR loophole?

With several Premier League clubs trading home-grown academy players between themselves, is this another PSR loophole?

www.bbc.co.uk

https://twitter.com/x/status/1805277205078937833

 

[metalgear]

Can't they afford better accountants and lawyers at the EPL? The rules seem to be changing with every appeal.

Leicester City win their appeal against alleged breach of Premier League PSR

Premier League says it is surprised and disappointed, while Leicester have welcomed the decision; the independent panel found Leicesters accounting period ended on June 30 2023 after they were relegated - meaning the Premier League did not have jurisdiction to punish them

www.skysports.com

Leicester were adamant that the Premier League did not have jurisdiction to punish them in this way, because they had been relegated to the EFL when their accounting period ended, and so they were no longer bound by the Premier League rules.

Chelsea's £76.5m hotel sale for PSR is cleared by Premier League

The Blues have been allowed to sell two hotels to a sister company in an effort to remain compliant with profit and sustainability rules by the Premier League

www.bbc.com

Whether the £76.5m value has been changed is unclear but Chelsea have maintained their confidence in adhering to PSR rules that permitted clubs to have a maximum of £105m in losses over a three-year period as certain costs for infrastructure, academy and women's football are allowed to be deducted.

Such transactions are not allowed in Uefa competitions, with Chelsea back in Europe in the Conference League this season, and in the English Football League after they closed the loophole in 2021, but the Premier League opted against following suit

 

[Robbo]

Can we change the thread title to Financial Foul Play, please?

 

[Muttley]

This is seriously bad news about LCFC.

What it means is we now live in a world where there is no über jurisdiction over the PL and EFL i.e. the FA that can hold the governance models together. The PL have spend 20-25 years stealing every decision right away from the FA, to the point where it's now come back and bites them in the arse. They now have no way of controlling teams that play the system operating between the EFL and PL. Serves them right for getting in bed with the broadcasting companies and thinking they could just build their own model.

What this now needs is a government independent review as to where the decision rights should be. There is so much tax payers consumer spending that goes into this model that the government should be very worried about the impacts to our national sport.

 

[johnola]

This is seriously bad news about LCFC.

What it means is we now live in a world where there is no über jurisdiction over the PL and EFL i.e. the FA that can hold the governance models together. The PL have spend 20-25 years stealing every decision right away from the FA, to the point where it's now come back and bites them in the arse. They now have no way of controlling teams that play the system operating between the EFL and PL. Serves them right for getting in bed with the broadcasting companies and thinking they could just build their own model.

What this now needs is a government independent review as to where the decision rights should be. There is so much tax payers consumer spending that goes into this model that the government should be very worried about the impacts to our national sport.

No I disagree it needs the clubs to come together and stop the league loading even more credibility.

We cannot turn to the government when something needs sorting out. Look at the things that they have screwed up and been unable to fix, the list is endless.

The premier league is the clubs in it stability and fair play is their problem now. There are the cheats and the others losing ground trying to make a fist of it and it sucks.

 

[Muttley]

No I disagree it needs the clubs to come together and stop the league loading even more credibility.

We cannot turn to the government when something needs sorting out. Look at the things that they have screwed up and been unable to fix, the list is endless.

The premier league is the clubs in it stability and fair play is their problem now. There are the cheats and the others losing ground trying to make a fist of it and it sucks.

You'd have to perhaps tell me more. From what I see, the PL is FAPL Ltd with 20 directors who are the chairmen of their clubs. They have a chief exec (Richard Masters) who is accountable to them. However, the revenue comes from the broadcasting companies who rule the roost over the the appointed PL officers. So it is a conflict of interest as people pay for Sky Subscriptions and other worldwide TV subscriptions to watch the big clubs.

Ultimately, the PL shouldn't be a governance body at all. For me that is The FA's job. If I were the government, I would strip the PL of these over-empowered decision rights and put them back whether they belong i.e. The FA. The broadcasting companies would be threatened with more tax on their ridiculous profits and told to bring the average family's TV package down. I would also lift and shift the people and budget out of the PL and into the newly formed FA, in a place whether they don't have a conflict of interest.

Clubs like Emirates Marketing Project and Chelsea see this major anomaly and know the PL aren't powerful enough to really police their bad financial behaviours.

The clubs obviously need to have their say, but they only exists because of the real customer, the fans and supporters. I always come at it from that perspective.

 

[glasgowspur]

You'd have to perhaps tell me more. From what I see, the PL is FAPL Ltd with 20 directors who are the chairmen of their clubs. They have a chief exec (Richard Masters) who is accountable to them. However, the revenue comes from the broadcasting companies who rule the roost over the the appointed PL officers. So it is a conflict of interest as people pay for Sky Subscriptions and other worldwide TV subscriptions to watch the big clubs.

Ultimately, the PL shouldn't be a governance body at all. For me that is The FA's job. If I were the government, I would strip the PL of these over-empowered decision rights and put them back whether they belong i.e. The FA. The broadcasting companies would be threatened with more tax on their ridiculous profits and told to bring the average family's TV package down. I would also lift and shift the people and budget out of the PL and into the newly formed FA, in a place whether they don't have a conflict of interest.

Clubs like Emirates Marketing Project and Chelsea see this major anomaly and know the PL aren't powerful enough to really police their bad financial behaviours.

The clubs obviously need to have their say, but they only exists because of the real customer, the fans and supporters. I always come at it from that perspective.

I don't mind the broadcasters and clubs making large profits, what bugs me is that they make them by selling me product I don't want.
100s of games I'm barely interested in but I can't watch the spurs game.
Well that and ads saying "this game is brought to you by Xxxxxx", actually no it's brought to me by hard earned money. I'm actually paying to watch your fudging ad you muppets.

 

[Lemonade Money]

I don't mind the broadcasters and clubs making large profits, what bugs me is that they make them by selling me product I don't want.
100s of games I'm barely interested in but I can't watch the spurs game.
Well that and ads saying "this game is brought to you by Xxxxxx", actually no it's brought to me by hard earned money. I'm actually paying to watch your fudging ad you muppets.

Speak to your local friendly satellite installer.

 

[Muttley]

I don't mind the broadcasters and clubs making large profits, what bugs me is that they make them by selling me product I don't want.
100s of games I'm barely interested in but I can't watch the spurs game.
Well that and ads saying "this game is brought to you by Xxxxxx", actually no it's brought to me by hard earned money. I'm actually paying to watch your fudging ad you muppets.

To me, the product that is football is simple. It 22 guys or gals, 2 sets of goalposts and a ball. If you're privileged you even get a man in black to administer the rules and make the system work better. In a nutshell, that is still the attraction and why I pay money. It's not to listen to Roy Keane whining.

My favourite coverage model was Amazon Prime. Every game was on so you could always watch your team. The games were staggered in such a way that you could watch 3 halves of football and not listen to a single pundits over-inflated and biased view.

I mentioned the other day that 80% of PL games are dull as ditchwater.