by basil75 » 13 Jun 2011, 12:23
I agree with the purpose of financial fair play, but the way it is applied is lazy, useless and benefits bigger clubs.
Plymouth, Southend and Stockport will be able to spend far more than many other clubs in this division with these rules, despite being in severe financial difficulties - just because they have a higher turnover. High turnover does not mean they have more to spend - clubs may have to pay high levels of interest, rent on the stadium they don't own etc etc.
Ideally, all clubs would get a financial rating and the rules would be attached to that rating. For example an A rated club can do what they like, B rated 70% of turnover, C rated 60%, D rated 50% or something along those lines. For instance, a club on the brink such as Plymouth would get an E (40%), Southend - not in admin, but have struggled in and out of it and have the HMRC continuously on their backs - D, Crawley, have financial problems in the recent past but wealthy due to a financial windfall that may not be sustainable - B.
A historically well run, financially sound club should be able to choose how to spend the money they have.
I agree with the purpose of financial fair play, but the way it is applied is lazy, useless and benefits bigger clubs.
Plymouth, Southend and Stockport will be able to spend far more than many other clubs in this division with these rules, despite being in severe financial difficulties - just because they have a higher turnover. High turnover does not mean they have more to spend - clubs may have to pay high levels of interest, rent on the stadium they don't own etc etc.
Ideally, all clubs would get a financial rating and the rules would be attached to that rating. For example an A rated club can do what they like, B rated 70% of turnover, C rated 60%, D rated 50% or something along those lines. For instance, a club on the brink such as Plymouth would get an E (40%), Southend - not in admin, but have struggled in and out of it and have the HMRC continuously on their backs - D, Crawley, have financial problems in the recent past but wealthy due to a financial windfall that may not be sustainable - B.
A historically well run, financially sound club should be able to choose how to spend the money they have.