by Snowflake Royal »
27 Mar 2018 17:57
maffff genome maffff
Given the fact we were in profit last year, even with the fairly largish outlay this season we're not remotely close to falling foul of it.
Quotes from Stam himself:
Jaap Stam Financial Fair Play doesn’t allow us to invest a lot of money.
You always want players who can add some extra quality, but teams are not going to sell their best players, or you need to pay a lot of money which we don’t have... which doesn’t allow us to invest a lot of money because of what happened in previous seasons.
That’s basically how it is right now and why we can’t invest and get players. We had this problem at the beginning of the season in the transfer market and we have it now. You can want a lot, but you basically can’t do a lot because of mismanagement in seasons before this.
I can't see how given the last two years figures the owners would be keeping us at or borderline 100% against the edge of FFP.
With the profit last year, it's more likely we're trying to create as much room to spend in future.
We spent a lot this year, and will have drastically reduced our revenue with falling attendences and reduced TV appearances, not to mention not getting the entire Wembley gate money.
As FFP works in three year cycles and we made a pretty big loss the year before last (iirc) we could be pushing the limits currently despite a profit last year.
In essence though I think it was a comment on just how much we'd have to spend to get the targets we wanted rather than that we had no money.
The previous mismanagement comment also seems less bad in retrospect knowing we made a profit under Stam last year.