http://www.bbc.co.uk/sport/football/36189779The number show the losses clubs are prepared to go accept to get promotion
The Football League did not confirm the size of the penalty, but details of the fine - which has not yet been paid - were disclosed in the club's accounts, which show they made a £38.3m loss in winning the Championship in 2014-15.
That was up from £10.3m the previous season, mainly because of staff wages, which rose to £30.4m, more than double the club's turnover of £12.9m.
Not in any way agreeing with RD, but it does show what we're competing against, and how Yann's better contract was afforded (or rather how it wasn't)
Comments
Every other side knows that if they gamble they'll get promotion and they'll be slapped with a pathetic fine, FFP needs to be reviewed at the end of each season rather than at the end of the next!!
If a team have gone over, sod the fine give them a hefty points deduction!!
How can any team spend 2.5x their overall turnover, and get a measly fine as punishment, where the reward is £100m in TV, prize and sponsorship money, its just farcical.
There should be points deductions or squad restrictions at the very least
Turnover of 12.9m, wages of 30.4m, how the hell they can have paid their team so much last season? They're not a relegated PL club like QPR or Fulham, with players on high existing contracts, so to pay nearly 3 times what we pay is crazy.
Burnley show how it can be done with sensible budgeting
Not that I think the bonuses would be close to 1.5 times salary.
Bournemouth are another club who've taken the administration route to success.
Fair enough we didnt go out and buy a Striker for £6m or whatever Andre Gray cost but they kept the same squad / manager together (bar a handful of players) and look at what has happened
Burnley also sold a RB on relegation (Tripper vs Mills)
But it's not because of teams spending like crazy that we've been relegated. There's plenty of teams above us who have spend a lot less than we have this year and are sitting comfortably. We are going down because of how badly that money has been spent. The ridiculous thing is that if Duchatelet had entrusted the management and scouting team we had in place when he arrived with the budget we've had this year, I think we'd have a good chance to be pushing for promotion. Instead, he wanted to prove his team knew more than anyone else, and found out the hard way that they most certainly did not. I say found out the hard way, but in reality I don't think the lesson has been learnt. There is still no head scout (no doubt salary and autonomy still big problems for any potential candidate), and yet the squad needs a total revamp. If we're identifying players, who is doing it? Our friends in Belgium? Jackson?
I hope that those inside the club are taking a long hard look at Wigan's approach to relegation that has seen them return to the Championship at the first attempt. They hired a young British manager who knew the club and the league. They bought a whole new team of young talent, all from British clubs, with most arriving in early July. It's a tried and tested model, because it's exactly what we did with Powell. Does anyone honestly think that we'll be doing the same this time around?
By comparison, by January 2009, Tesla had spent US$187 million and had delivered a grand total of 147 cars. They are now targeting sales of 90,000 for 2016. But the bloke who started the business thinks it could still fail. It's a story that is repeated time and time again in any normal business. "He who dares wins, Rodney."
Why do us fans think we should be insulated from the real world and the risk of bankruptcy?
A Team has a chance of success if its owners have a decent plan, competent staff and are prepared to provide funding which is properly spent.
Frankly, I'd rather shoot for the moon. You might miss but It's got to be a far better ride than pootling around aimlessly while expending no effort and displaying no commitment. After all, what are we doing here? Trying to win football matches or not? As things stand we might as well pack up and say sod it, nothing here is worth watching, worth dreaming about or worth caring about. Saving a few cents by making your duct-taped shoes last a few more days is just such a pointless existence. How can anyone be proud of that sort of behaviour?
If a football club goes bust, it has far more of an affect on the wider world, the town, the supporters etc. Mark Hulyer reached for the stars, and the club nearly went out of existence.
And football clubs compete in a league. If the only clubs that can do well are those which pay spend too much, then everyone else is forced to also spend too much, driving up transfer fees and wages. As only 3 teams can go up, what happens to the other 21 clubs which don't go up?
Only way to get promoted into the PL unless you have just been relegated.
The penalty for the team involved should be to place them in a worse position than they were before the offence was committed - as is usually the case with most offences and ethical judgement systems. If the world was fair both Bournemouth and QPR would now be in League 1 - but I daresay the FA/FL will try and take it out on Charlton fans if we are naughty boys and girls on Saturday for complaining about an owner and directors who are neither fit or proper.
£246 million
http://swissramble.blogspot.co.uk/2016/05/queens-park-rangers-they-cant-buy.html
Les Ferdinand: “For a few years, agents have been used to dealing with executives at this club, but they’re now dealing with someone who knows a little bit about football.” Not that there is any relevance to CAFc in that quote.
Money flying around like never before, with the previous failings of clubs not being learnt.
Every year a team doesn't get promoted the door to the premiership closes that little bit more.
Football is morally bankrupt and has been for years. What's more. It gets worse every season.
I wish I could bail out TBH but I'm too long in the tooth and been hooked since 1961.
My real hope is that it all comes crashing down and the Premier League disappears up its own arsehole. Then the reset button could be pressed. I realise that it won't.