Financial Fair Play

eaststandmike

Ha, ha, quality.

redman

This is effectively a slap on the wrist as I see it though. Because unless they get relegated, which is still very unlikely there is no other punishment. No fine, no transfer embargo. 
Not sure why 9 points was seemed appropriate. 

Covered End

So I wonder why a 9 point penalty was decided ?
Was this because they knew it would perhaps 90% mean Birmingham would not be relegated ?
If they are not relegated, have they got off with no meaningful punishment ?
A better rule would be if you transgress you are relegated.

Simonsen

redman said:

This is effectively a slap on the wrist as I see it though. Because unless they get relegated, which is still very unlikely there is no other punishment. No fine, no transfer embargo. 
Not sure why 9 points was seemed appropriate. 

I'd say relegation is a bit more likely. They are in shit form and have lost their last four. Their next three games are WBA, Leeds and Sheff Utd. Then they play Derby plus crunch games with Rotherham, Wigan and Reading. They are right in the shit.

harveys_gardener

Appalling that there is no transparency in the process. Fines/punishment should be pre-ordained.

WelshAddick

FFP is the biggest load of bollocks in football. It could actually be a reason to put investors off buying us. 

soapboxsam

WelshAddick said:

FFP is the biggest load of bollocks in football. It could actually be a reason to put investors off buying us. 

Along with the 65 million price tag.

CAFCTrev

Wow, when the first post on this thread was made we were an upper mid-table championship club. 

SELR_addicks

Derby have reported a pre-tax profit of £14.6m after selling their Pride Park stadium to owner Mel Morris for £80m.

The Rams have leased back the ground, which was independently valued but on the club's books as an asset worth £41m, from a company owned by Morris.

So essentially Derby lost 65.4m and had to sell their stadium (to then lease) in order to finance their expenses.

SomervilleAddick

Derby - the next Bolton. 

golfaddick

How do you effectively sell it to yourself.....and then lease it back ???

Covered End

golfaddick said:

How do you effectively sell it to yourself.....and then lease it back ???

You're the financial adviser.

killerandflash

SELR_addicks said:

Derby have reported a pre-tax profit of £14.6m after selling their Pride Park stadium to owner Mel Morris for £80m.

The Rams have leased back the ground, which was independently valued but on the club's books as an asset worth £41m, from a company owned by Morris.

So essentially Derby lost 65.4m and had to sell their stadium (to then lease) in order to finance their expenses.

If the asset was in the books at £41m, and sold for £80m, then that's a profit on the sale of £39m, so the real loss is actually £24m. Still awful, but probably not unusual with many of the other clubs gambling everything on promotion...

cafcdave123

SELR_addicks said:

Derby have reported a pre-tax profit of £14.6m after selling their Pride Park stadium to owner Mel Morris for £80m.

The Rams have leased back the ground, which was independently valued but on the club's books as an asset worth £41m, from a company owned by Morris.

So essentially Derby lost 65.4m and had to sell their stadium (to then lease) in order to finance their expenses.

Never a good idea separating the club from the ground IMO.