AndyWolves
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I'm pretty sure the UEFA FFP agreement applies regardless of whether we're in a European competition or not
That's brilliantAs Jimmy Nail said, Shi's lying.
So in summary, Shi ain't lyingI'm pretty sure the UEFA FFP agreement applies regardless of whether we're in a European competition or not
Profit of £20m in 2019.This is what I'm talking about
"In the settlement, however, Wolves have agreed to limit their losses to €30 million in the financial year ending 2020. By the end of the 2021-22 season, the club will also be expected to have reached an “aggregate break-even” result for the years 2019, 2020 and 2021. Uefa rules allow for a buffer of a €30 million aggregate loss over three years within this definition.
A final condition will see Wolves submit regular updates to Uefa on their progress in meeting the FFP targets."
So we agreed to do things, that if we failed we would probably be removed from their Comps if we qualified. Obviously we are not in them now BUT if we fail to hit those agreed targets and supply updates to show we are doing these things we could be hit with a Euro ban. So I don't think Jeff is telling porkies here, maybe being optimistic on qualifying for Europe in the next 12 months.
Presume at the end of the agreement period if we fail and don't qualify for Europe we will either get a whopping fine or told next time you qualify, stay at home chaps.
Thats fine, but you cant let the club play the FPP card to excuse zero incoming business. If they do that then there will be some very pissed off punters.playing it steady right now adds up.
As Andy has said, it's from 2019, we made a £20m profit then.The agreement starts from the end of last year's FY. So £39m down. Yes we have money missing from that will be returned in the next, minus matchday income and around £10m or so less in prize money.
This one isn't standard FFP, it's meeting the requirements set out in a legal agreement.
It shouldn't be an issue over the 3 years but on this point I don't think Jeff is speaking bollocks at all.
Unless the club can give us access to the docs they supply to UEFA will never know but to me, playing it steady right now adds up.
If we do zero business we will have about 8 first teamers...Thats fine, but you cant let the club play the FPP card to excuse zero business. If they do that then there will be some very pissed off punters.
All that said , I am going to keep my powder very dry. I really believe that this has been done for a reason and that there will be some arrivals to at least balance the departures. I hear CR7 is available
Yes they did and yes they are but they are not even thought about in this agreement.It was our Championship losses which crippled us there (ridiculous stuff but that's another argument) and they're gone now.
Again though, our case is not so much about the normal rules of FFP but the things the club agreed to with UEFA.I think that we will be well within the rules. The truth will out in March next year whether or not it was really a factor in this summers spending planning.
Anyone worrying about our FFP or UEFA FFP should look at the losses racking up at Vile or Goodison Park.
The thing is there probably won't be any form of balancing act. Worst case scenario there would be a fine and they'd just eat it. Very doubtful that theyd get banned from European competition for it.I think that we will be well within the rules. The truth will out in March next year whether or not it was really a factor in this summers spending planning.
Anyone worrying about our FFP or UEFA FFP should look at the losses racking up at Vile or Goodison Park.
If either of those qualify for Europe then you can imagine some sort of instant huge fine followed by a massive balancing act having to be undertaken if they want to be allowed into the competitions if they qualify again
I think in the first instance, you get the slap on the wrist, fined and have to do as UEFA tell you like we and a host of other clubs did.The thing is there probably won't be any form of balancing act. Worst case scenario there would be a fine and they'd just eat it. Very doubtful that theyd get banned from European competition for it.
What is the punishment if we don't do what we agreed? Is the fine increased to EUR 600k?Again though, our case is not so much about the normal rules of FFP but the things the club agreed to with UEFA.
What we should do is sell Molineux to ourselves for £100m and forget about it all