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Have we screwed up our FFP?

sammy391
sammy391 Posts: 3,809
edited February 2015 in General Charlton
Agreed we are all annoyed and/or tired at our transfer dealings just gone , but other than the 'Roland's a tight git' reason - could it be that we have failed to sign needed players be because we have misjudged and fucked up our financial fair play boundaries?

RD is a keen advocate of the rulings but unless he's the one keeping a close eye and tightly following our finances , maybe we have buggered it all up?

Would be interesting to look at the balance sheets and finance bits that should be published soon (...I think!?)
COYA!

Comments

  • razil
    razil Posts: 15,041
    Ummm no
  • _nam11
    _nam11 Posts: 1,231
    Think it's more likely, that we have met the targets, and wish to keep it that way.

    Instead of risking millions by chasing promotion, the club feel the squad is capable of staying up, and assess the situation in the summer.

    However, other clubs have made a mockery of the FFP regs, I do wonder, how it provides an advantage to clubs who aren't splashing cash everywhere.
  • soapy_jones
    soapy_jones Posts: 21,418
    Why not? we've fucked up pretty much everything else...
  • Crusty54
    Crusty54 Posts: 3,247
    Having seen expensive players signed in previous seasons and the club almost go bankrupt it may be better to try to consolidate this season.
  • thenewbie
    thenewbie Posts: 11,034
    What does it matter? FFP is like trying to put out a wild fire by spitting on it - clubs with money to spend are going to spend it and spend it and flip the bird at anyone who points out they're not actually supposed to do that. If we have, then frankly we may as well go in for a penny, in for a pound (well, a euro) and invest in quality at a cost. If not, well breaking the regs will get you a stern look at worst, so fuck it, go mad and spend some dosh Roland!
  • seriously_red
    seriously_red Posts: 5,741
    The CFO was very clear last year in the programme and a separate statement on the FFP rule changes that our losses were around £5.5m and the FFP result was £3.5m after adding back academy costs and Valley depreciation.
    He also indicated the club was aiming for a similar result this season.
    Last season the loss limits were £8m and this time it's £6m so the club is well within the limits.
    The long term advantage to clubs not splashing the cash is that they don't run up debts of £10-15m a year. More and more clubs have total debts exceeding £100m and will fall over if the main benefactor walks away or runs out of cash.
    Cardiff, QPR and Bolton are three examples.

    This doesn't mean that Charlton shouldn't spend a bit more in order to compete. Quite the contrary because spending on a couple of decent players will help performances, results and eventually crowds. People blaming our current predicament on FFP are missing the point as we have headroom to spend another couple of million.

    The rules change next season but right now you could say the tightness of the division and the number of clubs on 34 points is an indication that restrictions are starting to bite...

    Blackburn and Forest were restricted from spending money on players thus January. Just that Charlton chose not to which is probably not the brightest thing to do when you have gone three months without a win!
  • Norfolk_Addick
    Norfolk_Addick Posts: 2,289
    Considering we sign all our players for a penny and agree that Standard Liege and Upjest pay 99% of their wages for the remainder of their contract I dont see how we could fail FFP?
  • razil
    razil Posts: 15,041
    Perhaps he's now just maintaining and trying to find a buyer now that ffp has blown up..

    :)
  • mrbligh
    mrbligh Posts: 3,056
    _nam11 said:

    Think it's more likely, that we have met the targets, and wish to keep it that way.

    Instead of risking millions by chasing promotion, the club feel the squad is capable of staying up, and assess the situation in the summer.

    However, other clubs have made a mockery of the FFP regs, I do wonder, how it provides an advantage to clubs who aren't splashing cash everywhere.

    open your eyes
  • _nam11
    _nam11 Posts: 1,231
    My eyes are open. "The club feel..."


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  • Big William
    Big William Posts: 3,853
    If it wasn't FFP it would be some other fairy story.
  • The Red Robin
    The Red Robin Posts: 26,174
    Crusty54 said:

    Having seen expensive players signed in previous seasons and the club almost go bankrupt it may be better to try to consolidate this season.

    Are we good enough to consolidate?
  • tangoflash
    tangoflash Posts: 10,788
    razil said:

    Perhaps he's now just maintaining and trying to find a buyer now that ffp has blown up..

    :)

    Ooh, you bastard razil. Now you're just building our hope up, you tease..........
  • Henry Irving
    Henry Irving Posts: 85,335
    razil said:

    Perhaps he's now just maintaining and trying to find a buyer now that ffp has blown up..

    :)

    That was what a few people including myself speculated about when FFP went up to 13m pa.

    While it might please a few/many fans if he sold that creates three problems.

    The club will be left in limbo until a new buyer is found leading to little investment similar to the last 18 months of the Spiv and Spiv era

    There is no guarantee that the new owner will be any better. They could be a lot lot worse
    Yes really

    Last but not least what will the museum do with the seat Roland signed?
  • Oggy Red
    Oggy Red Posts: 44,982
    Henry Irving said:




    Last but not least what will the museum do with the seat Roland signed?

    Exhibit A.

    In years to come it will tell the story of the "Network" years, when we were Sub-Standard Liege and nobody knew what day of the week it was.
    Put it alongside the photos of Eddie Firmani.

    It's part of our history.



  • The Red Robin
    The Red Robin Posts: 26,174
    Really hope he's selling up and soon.
  • sunbury-addick
    sunbury-addick Posts: 1,931
    So RD is spunking 5m loss each year running us + plus cost of buying us - why ?
  • A-R-T-H-U-R
    A-R-T-H-U-R Posts: 7,678
    The Red Robin said:

    Really hope he's selling up and soon.

    Which potential buyer are you hoping will buy us?
    Arthur Madeup
    Anne Onymous
    Billy Nonsuch
    MT Promise
    Miss N U Alreddy
    Walter Wastamunee
    Hugh Hee
    Wendy Sainsco-Marchenin
    Albert Fferkin- Thyme
    Sheikh Yurbooty
    Mandy Lyffe-Botes
    Cliff Hanger
    Lucy Tania
    or
    Nye Eve?
  • The Red Robin
    The Red Robin Posts: 26,174
    edited February 2015
    A-R-T-H-U-R said:

    The Red Robin said:

    Really hope he's selling up and soon.

    Which potential buyer are you hoping will buy us?
    Arthur Madeup
    Anne Onymous
    Billy Nonsuch
    MT Promise
    Miss N U Alreddy
    Walter Wastamunee
    Hugh Hee
    Wendy Sainsco-Marchenin
    Albert Fferkin- Thyme
    Sheikh Yurbooty
    Mandy Lyffe-Botes
    Cliff Hanger
    Lucy Tania
    or
    Nye Eve?
    Anyone but RD. Why do some fans think we'd be doomed if he sold up?
  • A-R-T-H-U-R
    A-R-T-H-U-R Posts: 7,678
    edited February 2015
    FFP - a bit of light hearted fun. Solly.
    ;-)

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  • alangee
    alangee Posts: 398
    edited February 2015
    Henry Irving said:

    razil said:

    Perhaps he's now just maintaining and trying to find a buyer now that ffp has blown up..

    :)

    That was what a few people including myself speculated about when FFP went up to 13m pa.

    While it might please a few/many fans if he sold that creates three problems.

    The club will be left in limbo until a new buyer is found leading to little investment similar to the last 18 months of the Spiv and Spiv era

    There is no guarantee that the new owner will be any better. They could be a lot lot worse
    Yes really

    Last but not least what will the museum do with the seat Roland signed?
    I think you could be right, but I expect RD to cash in on his assets - Gomez, Cousins, Vetekole, JBG and any others he can make a profit on - before that happens. Selling those assets would reduce the amount he paid for the club, considerably.

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