With everton being deducted points. Also the changes of the rules in August, to be more in line with uefas. Amortisation + wages + agents fees = a percentage of turnover (70% for uefa as of next year, the prem are yet to announce but the efl will follow). Does that mean clubs will need to sell to buy as most are near the limit already?
We've seen it in europe already. Real madrid had to have a couple of windows with zero net spend and unload some big earners. In order to bring in the likes of bellingham. Barca had to sell their media rights and pull various levers. Even byern one of the best run clubs in the world had to sell, to buy kane.
As the rules are based on wages and amortisation. They are not one off. They run for years. You can't just hold off spending for a season or 2. Either you sell the player or their contract runs out. Or you sell academy players. In order to give you wiggle room. Or you increase turnover (promoted clubs will be able to spend due to increased tv revenue).
I know it's sort of been covered in other threads. But it just dawned on me. How much of a monumental shift this will be. We will probably never see £1bn transfer windows again. Unless the saudis or someone else buy prem players allowing them to spend and starting a domino effect.
Clubs will have to be really careful on what they spend their money on. Think transfer fees and wages will at least be curtailed if not reduced overall.
Anyway thoughts?
So a few thoughts, some are already talked about, some people are missing
1. Re the PL there is a genuine concern around the government regulator stepping in (go look at the recent committee interview with head of PL), hence PL is suddenly interested in actually implementing rules (vs. have someone implement it for them)
2. UEFA has implemented the wage rules, this will be eventually for all, 70% within next couple of years (I actually think the side effect will be bench depth at large clubs, no one will be able to afford to pay someone £200K+ to sit on a bench)
3. Ongoing threat of ESL, in all the criticism of ESL people missed a big attraction for the legacy big clubs was some of the financial controls and predictability.
4. Saudi, Simon Jordan (yes, can be a clam but does have a sometimes interesting perspective) has talked about this, Saudi is already pushing to have their league join the CL, there apparently is a real concern that Saudi leverages basically their unlimited fund bucket (£320B) to buy top players, pay idiot wages and upset the balance of CL. So part of the above reaction is a pre-emptive view of putting rules into place, so if the decision is made to allow Saudi into CL, it is under strict rules/controls
5. Traditional European elite clubs know they can't compete with PL (or Saudi) and they will use their influence to get it as controlled as possible.
6. City's 1115 charges has stirred up a distaste in the public for breaking the rules that potentially wasn't there before.
My point
- Well it's very easy to be cynical and say nothing is going to change, there certainly is enough momentum to suggest despite the fact that this should have been stopped before RA bought Chelsea (let the cat out the bag), there will be changes coming
Good news is Spurs is probably the best positioned top club in Europe to deal with it and potentially benefit from it.
The real question is how much balls does the PL have when it comes to City/Chelsea's punishments?