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Financial Fair Play

Re: OT Uefa warns clubs about meeting financial fair play rules

Emirates Marketing Project should be thrown out of the Champions League, says Borussia Dortmund chief executive

Borussia Dortmund's chief executive, Hans-Joachim Watzke, has suggested Emirates Marketing Project should be excluded from the Champions League because of excessive 'back-door- funding' received as a result of being sponsored by companies controlled by the club's owner.

Ahead of tonight's Champions League showdown between the German and English champions, Watzke criticised Roberto Mancini's side's dependence on Sheik Mansour's fortune.

Dortmund pride themselves on adhering to stringent rules regarding the club's spending limits, and are big supporters of Uefa's financial fair play rules which have been laid out to limit all team's expenditures.

Uefa have made it clear that the punishment for not following their guildeines will be dismissal from Europe's elite competition and Watzke has thrown his support behind this sanction.

"Uefa must find the thin line between sponsorship and excessive backdoor funding - they must show strength to expel big clubs," said Watzke.

"No tycoon should be allowed to pump crazy money into a club with sponsorship from five companies he controls. If that happens, financial fair play will fail.

"The fact is that the Bundesliga has caught up considerably, thanks to their sound banking practices. This will eventually be expressed by results."

http://www.telegraph.co.uk/sport/football/teams/manchester-city/9584125/Manchester-City-should-be-thrown-out-of-the-Champions-League-says-Borussia-Dortmund-chief-executive.html
 
Re: OT Uefa warns clubs about meeting financial fair play rules

nail on head - uefa has no strength.
how are the guys are uefa voted in ? by the clubs playing in the CL?
 
Re: OT Uefa warns clubs about meeting financial fair play rules

You've got to admire those that run clubs in the Budesliga, and the German FA themselves - the holy grail of modern football. City shouldn't even be in the Champions League, they would have got nowhere near if it wasn't for financial doping. ****s.
 
Re: OT Uefa warns clubs about meeting financial fair play rules

Whilst I agree with the sentiment, surely this is all Ferguson-type press games.

He builds up beating City as an impossible task so that if they lose he can say that it's not a level playing field. If they win, then their team's done the impossible.
 
Re: OT Uefa warns clubs about meeting financial fair play rules

The German clubs get huge sponsorship deals so its a bit funny to hear one complain about unfair sponsorship. Despite having the second largest average attendance, they get almost three times as much revenue from sponsorship. Dortmund rely more on sponsorship than any other big club and get more in total than City, Chelsea, Arsenal or Spurs.

Commercial revenue contributed the most to Dortmund’s increase – up €18m (30%) to €78.7m (£71.1m). More significantly, this represented 57% of the club’s total revenues, the highest proportion of any Money League club. The club’s long-term marketing agreement with Sportfive provides the platform for strong commercial performance, which includes recently extended deals with shirt sponsor Evonik Industries and stadium naming rights holder Signal Iduna (both until 2015/16). These deals generate a reported €9m (£8.1m) and €4m (£3.6m) per season respectively.

http://www.deloitte.com/view/en_GB/.../40f1403d87145310VgnVCM2000001b56f00aRCRD.htm
Click to expand...
 
Re: OT Uefa warns clubs about meeting financial fair play rules

But thats different from your owner sponsoring you for whatever he likes. This is a proper commercial agreement.

But I'm sure Dortmund ran up massive debts themselves around 10 years ago and they have only just recovered from that.
 
Re: OT Uefa warns clubs about meeting financial fair play rules

Emirates Marketing Project are English Champions and have an incredible squad of players. On what basis are the sponsorships not proper commercial arrangements?

I'd agree they probably are higher than they could get elsewhere, but probably not that much higher. They are much higher than City had a few years ago, but then again they have a much better squad and play much better football.

Its going to be virtually impossible for UEFA to prove that these aren't proper arrangements.
 
Re: OT Uefa warns clubs about meeting financial fair play rules

metalgear said:
nail on head - uefa has no strength.
how are the guys are uefa voted in ? by the clubs playing in the CL?
Click to expand...

No, by delegates from each national federation. That's why Platini changed things to make it easier for clubs from smaller nations to qualify for the CL. Likewise at FIFA Blatter appealing to all the small football nations in Africa, Asia, Oceania and the Caribbean. Lots of votes for available in return for relatively small handouts.

For UEFA this is balanced by the power of the big clubs. UEFA needs them playing in the CL and has to keep them happy and stop a breakaway superleague.
 
Re: OT Uefa warns clubs about meeting financial fair play rules

Sky Sports News @SkySportsNews

BREAKING NEWS: Premier League working towards its own system of financial fair play regulations for next season
 
Re: O/T Financial Fair Play

Wigan owner Dave Whelan believes Premier League clubs will vote for a new break-even rule on Thursday.

Under plans which could be introduced next season, clubs would not be allowed to spend more cash than they generate.

Whelan told BBC Sport: "I think the clubs will say break-even is something they want. We could definitely see it."

The rule would mark a major change for the league, with champions Emirates Marketing Project, for example, having made a £197m loss in their latest set of results.

Premier League clubs made cumulative losses of £361m in 2010-11, the most recent season for which there are complete financial results.

Representatives of the 20 top-flight teams will discuss the issue of financial regulation at one of their regular "shareholder meetings" in London on Thursday.

With 14 clubs needed to vote in favour of the proposals for them to pass, Whelan says Fulham are the only club opposed to any kind of new rules being brought in.

"This break-even rule will stop clubs getting into the red," he said. "There's nothing worse than seeing a club like Portsmouth getting into financial trouble - or Rangers, who are such a big and powerful club.

"I don't think Fulham want anything at all to do with it but generally it is accepted it's a very good rule. If it's passed on Thursday I think it's going to be a very good thing for football."

There could still be some flexibility permitted under any potential change, with wealthy owners allowed to put additional money in.

Uefa will introduce its own financial fair play rules next season,
permitting clubs to make only set losses in the first three seasons. Failure to comply would result in exclusion from either the Champions League or Europa League.

Whelan believes the penalties should be severe if a break-even rule is introduced in the Premier League.

"We've got to say 'if you agree with this, you've got to abide by the rules'," he said. "If you don't break even, you get relegated or get a 10-, 15-, 20-point deduction."

A new £3bn television deal comes into force in the Premier League next season, up 70% on the existing arrangement. The chairmen are eager to ensure the extra money is not swallowed up by increased player wages.

Premier League clubs spent almost £1.6bn on wages in 2010-11, constituting 70% of their income. Only once in the 20 seasons of
the Premier League - 2004-05 - have wages fallen year-on-year.

Emirates Marketing Project spent 114% of their income on wages in 2010-11, Aston Villa 103%, and Chelsea 84%.

Another proposal is the introduction of a wage cap, pegging a club's salary bill to a maximum percentage increase year-on-year. Sunderland have pushed hard for this, but Whelan is not in favour.

"We control ourselves and don't pay what we can't afford," he said.

"I don't think they will go along with a wage cap, I can't see them getting a majority to put in too many controls.

"I say to players, get what you can while you can but be sensible and give respect to the club you play for."

Wigan reported a profit in earnings before interest, tax and other associated costs in their latest set of financial figures and Whelan expects them to be able to easily comply with a break-even rule.

"This doesn't come as any shock or surprise to a club like West Brom or Wigan, which are very carefully, well-run clubs," he said.

www.bbc.co.uk/sport/0/football/20319573
 
Re: O/T Financial Fair Play

Jordinho said:
Wigan owner Dave Whelan believes Premier League clubs will vote for a new break-even rule on Thursday.

Under plans which could be introduced next season, clubs would not be allowed to spend more cash than they generate.

Whelan told BBC Sport: "I think the clubs will say break-even is something they want. We could definitely see it."

The rule would mark a major change for the league, with champions Emirates Marketing Project, for example, having made a £197m loss in their latest set of results.

Premier League clubs made cumulative losses of £361m in 2010-11, the most recent season for which there are complete financial results.

Representatives of the 20 top-flight teams will discuss the issue of financial regulation at one of their regular "shareholder meetings" in London on Thursday.

With 14 clubs needed to vote in favour of the proposals for them to pass, Whelan says Fulham are the only club opposed to any kind of new rules being brought in.

"This break-even rule will stop clubs getting into the red," he said. "There's nothing worse than seeing a club like Portsmouth getting into financial trouble - or Rangers, who are such a big and powerful club.

"I don't think Fulham want anything at all to do with it but generally it is accepted it's a very good rule. If it's passed on Thursday I think it's going to be a very good thing for football."

There could still be some flexibility permitted under any potential change, with wealthy owners allowed to put additional money in.

Uefa will introduce its own financial fair play rules next season,
permitting clubs to make only set losses in the first three seasons. Failure to comply would result in exclusion from either the Champions League or Europa League.

Whelan believes the penalties should be severe if a break-even rule is introduced in the Premier League.

"We've got to say 'if you agree with this, you've got to abide by the rules'," he said. "If you don't break even, you get relegated or get a 10-, 15-, 20-point deduction."

A new £3bn television deal comes into force in the Premier League next season, up 70% on the existing arrangement. The chairmen are eager to ensure the extra money is not swallowed up by increased player wages.

Premier League clubs spent almost £1.6bn on wages in 2010-11, constituting 70% of their income. Only once in the 20 seasons of
the Premier League - 2004-05 - have wages fallen year-on-year.

Emirates Marketing Project spent 114% of their income on wages in 2010-11, Aston Villa 103%, and Chelsea 84%.

Another proposal is the introduction of a wage cap, pegging a club's salary bill to a maximum percentage increase year-on-year. Sunderland have pushed hard for this, but Whelan is not in favour.

"We control ourselves and don't pay what we can't afford," he said.

"I don't think they will go along with a wage cap, I can't see them getting a majority to put in too many controls.

"I say to players, get what you can while you can but be sensible and give respect to the club you play for."

Wigan reported a profit in earnings before interest, tax and other associated costs in their latest set of financial figures and Whelan expects them to be able to easily comply with a break-even rule.

"This doesn't come as any shock or surprise to a club like West Brom or Wigan, which are very carefully, well-run clubs," he said.

www.bbc.co.uk/sport/0/football/20319573
Click to expand...

So no change then.
 
Re: O/T Financial Fair Play

Emirates Marketing Project spent 114% of their income on wages in 2010-11, Aston Villa 103%, and Chelsea 84%.
Click to expand...

UEFA/FIFA Guidelines recommend that no club spend more than 70% of its total income on player's wages.

I suggest that any club spending more than this be fined the exact amount of the overspend and be prohibited from competing in international tournaments (e.g. the UEFA Champions League & UEFA Europa League).
 
Re: O/T Financial Fair Play

Jordinho said:

Another proposal is the introduction of a wage cap, pegging a club's salary bill to a maximum percentage increase year-on-year.
Click to expand...

Talk was that the rise would only allow clubs to increase wages by 5% from one season to the next. Personally with us building a new stadium and probably doubling our gate in the process, I think 5% would definitley restrict us.

Champions League qualification and being restricted by 5% ... IMO it don't work
 
Re: O/T Financial Fair Play

Superhudd said:
Talk was that the rise would only allow clubs to increase wages by 5% from one season to the next. Personally with us building a new stadium and probably doubling our gate in the process, I think 5% would definitley restrict us.

Champions League qualification and being restricted by 5% ... IMO it don't work
Click to expand...


To be honest that'll cause more problems then it solves. Clubs will on occasion avoid going down in their overall wages as to avoid having issues with the 5% in following seasons.
 
Re: O/T Financial Fair Play

As much as I like the idea of Financial Fair Play, I equally hate the idea of a fixed wage cap. Of course Man Utd should be allowed to pay higher wages as they make more money and if a club decides to blow their entire wage budget on only a couple of players, then thats their strategic decision and they should be allowed to do so IMO, as long as they balance their budgets.

What truly has ruined the natural competitive balance in the game is when billionaires transform average clubs into regular CL sides and I really hope that the FFP can put an end to that.
 
Re: O/T Financial Fair Play

Steed Train said:
Defending huddle stones defensive capabilities is like trying to sell a chocolate teapot on merit
Click to expand...

What if the merit of a chocolate teapot was that the tea would taste like chocolate and that you'd have the lovely side effect of having a pool of melted tea/chocolate to pour into another cup?
 
Re: O/T Financial Fair Play

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Tevez wage slip, wouldn't be against a cool 400K net a month
 
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