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Financial Fair Play (SSN Transfer Centre)

SuperSAINT

By SuperSAINT,
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SuperSAINT

SuperSAINT

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Anyone else see David Gold talking about us on the SSN Transfer Centre?

 

- Said us signing Osvaldo puts pressure on teams like them because we are near rivals.

 

- Said he would find it hard to believe we aren't (like them) at the maximum of our wage cap for financial fair play.

 

- Said the only way they'd be able to sign more players would be to sell existing players.

 

I never fully understood how it worked. Is it strictly wages? Or do transfer fee's come into it?

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S-Clarke

S-Clarke

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As far as I know, it's relative to the clubs income. For a PL team, we'll have quite a modest income so will have a lower wage cap than the bigger sides. I think that's how it works anyway.

 

Would also possibly explain why the next signing may just be a loan.

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angelman

angelman

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One thing I want to know (or be reassured about) is whether we can afford these signings and their wages? I do have faith that NC can run the books properly but I would hate to do a Pompey. I am presuming that TV money is paying for this, and that FFP is there to stop Pompey Mk2, but it would be good to get some reassurance that all is ok.

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SuperSAINT

SuperSAINT

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As far as I know, it's relative to the clubs income. For a PL team, we'll have quite a modest income so will have a lower wage cap than the bigger sides. I think that's how it works anyway.

 

Would also possibly explain why the next signing may just be a loan.

 

Agree.

 

We may also see significant movement with Sharp/Mayuka leaving on loan now.

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S-Clarke

S-Clarke

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One thing I want to know (or be reassured about) is whether we can afford these signings and their wages? I do have faith that NC can run the books properly but I would hate to do a Pompey. I am presuming that TV money is paying for this, and that FFP is there to stop Pompey Mk2, but it would be good to get some reassurance that all is ok.

 

You can be assured that NC would not spend to put this club into trouble, he has my full trust in looking after the club. If the deal wasn't right for the club, it wouldn't have been done.

 

People on twitter are mentioning ''They're this seasons QPR'' ''the new Portsmouth'' - but it's totally and utterly different. For QPR for eg. they had a real scattergun approach to transfers, they signed anyone with legs - for lots of money - even though they were pretty average.

 

All we've done is spent fair money in international class players to add to the spine (3 players). We've kept the majority of the squad as it was, tied down our best players to long term deals.

 

If worse comes to worse, all of our players have HUGE sell on fee's.

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Smirking_Saint

Smirking_Saint

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You get 52m over income that you are able to spend on wages, it goes up by around 5 mil a season and can be offset by sponsorship and equity transfers etc etc which is why Utd etc signed 400m deals with their sponsors.

 

Dont qoute me on that but its basically it I think.

 

So yeah, Gold probably has a point but I just dont know, Id hazard a guess Carroll, Nolan, Downing are on a lot a week.

 

This shows the importance of getting the right players in. And I am happy with what we have done this window.

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Smirking_Saint

Smirking_Saint

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We can, but the key difference is the value our players will hold. We have a lot of young talent, not many who'll lose value really so money could be raised.

 

I don't think it's that insane, we've seen lots of clubs spend 40m sort of money in a window, just normally on loads and loads of players. It rarely works and probably leads to even bigger wage bills. 3 quality additions and youth players means more likely a sensible wage structure.

 

Not too sure about financial lessons from someone paying 15m for andy carroll either.

 

I agree here Adrian, plus this year was a bumper TV deal year, hence why we arent the only ones splashing the cash.

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trousers

trousers

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Could the financial "jiggery pokery" that happened on the 1st July (as reported on the Companies House website) have anything to do with massaging our "revenue vs wages" ratio?

 

I've no idea how it might work but could we somehow be 'recycling' cash within the Liebherr 'empire' to keep ourselves below the FFP cap?

 

Said Trousers clutching at straws....

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JoeShmoe

JoeShmoe

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WHU have just given Stuart Downing 70k a week!

 

They have 6 or 7 bang average players on wages over 50k a week, they can't buy before they sell, they're in a world of debt and he can see we're doing this the right way by using signing bonus' up front to offset weekly wages

 

Basically he's an old fool who has poorly mismanaged that team

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Smirking_Saint

Smirking_Saint

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Just easy criticism from people who aren't paying attention. The key is always slowly evolving the team and keeping key players together. QPR were a complete mess with no team from the moment they came up, short term approach and always likely to be a mess. Pompey signed far too many and obviously couldn't afford them, didn't even pay for most, and went for the usual Harry approach of huge wages for older players, with next to nothing in youth players, little in commitment to the club or players who'd been there a fair amount of time.

 

Neither QPR and Portsmouth have an academy to talk of. So neither were able to field any form of youth squad really.

 

The problem was they had no direction or plan, Portsmouth is actually a different case to QPR, they didnt have the money in the first place and pretty much gambled it all building a good team but ultimately couldnt sustain it.

 

QPR have cash, but also had 3 seperate managers of which were given a warchest and told do what you like, thats how they ended up where they are now. Perhaps if they had a commitee and certain style then the players bought would have been transfereable, unfortunately each manager had his own ideas.

 

Harry has done well this season by essentially trying to rebuild and TF has now chucked money at the academy and they may have a chance. That is essentially the difference between Pompey and QPR, Niavety Vs Deceipt.

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Smirking_Saint

Smirking_Saint

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WHU have just given Stuart Downing 70k a week!

 

They have 6 or 7 bang average players on wages over 50k a week, they can't buy before they sell, they're in a world of debt and he can see we're doing this the right way by using signing bonus' up front to offset weekly wages

 

Basically he's an old fool who has poorly mismanaged that team

 

TBF Downings a good player and looked very good at the weekend but Cole doesnt have long left and is more often than not injured, Carroll is good but again over paid on about 100k a week and suffering from Plantar Fascias, Nolan again good but on hefty wages.

 

They have good players but have overpaid for them.

 

Agree re Gold, was watching and he did seem a bit bitter

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trousers

trousers

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It is set at £52m wages this season but restrictions only apply to the income from TV money — so any income from sponsorship deals or tickets sale can still be spent on wages.

 

Is there anything stopping the Liebherrs sponsoring a blade of St Mary's grass for £50m.... (for example)...?

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stevegrant

stevegrant

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The rule that says you can only increase the wage bill by £4m per year over the next 3 years (i.e. the duration of the current broadcasting contract) only applies to clubs whose wage bill is £52m or above. Ours doesn't even come close to that yet. There are various ways of getting around it anyway, with sponsorship deals etc.

 

For someone who has owned/run football clubs for many years, Gold doesn't seem to actually know much about the financial side of things. A surprise when you look at the utter cluster**** both of the clubs he's owned have been during his tenure... :rolleyes:

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Turkish

Turkish

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WHU have just given Stuart Downing 70k a week!

 

They have 6 or 7 bang average players on wages over 50k a week, they can't buy before they sell, they're in a world of debt and he can see we're doing this the right way by using signing bonus' up front to offset weekly wages

 

Basically he's an old fool who has poorly mismanaged that team

 

Weren't they paying Nolan £50k a week in th championship?

 

Jarvis, Carroll, Downing and Cole will be on a fair old wedge too and they will all except Carroll have little resell value at the end of their contracts.

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DuncanRG

DuncanRG

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The price wasnt the issue the 100k a week wages is though.

 

Still, certain amount of ignorance for his ability is expected from the average fan.

 

He is a poor player like Downing, Rodwell, cleverley, welbeck, sturridge, shelvey etc etc

 

Goodness me

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Turkish

Turkish

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The price wasnt the issue the 100k a week wages is though.

 

Still, certain amount of ignorance for his ability is expected from the average fan.

 

He is a poor player like Downing, Rodwell, cleverley, welbeck, sturridge, shelvey etc etc

 

Weren't Wellbeck and Sturridges goals and performances dreadful yesterday BTW, awful players.

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