by Stranded » 23 Aug 2023 16:28
by On Strings » 07 Sep 2023 03:09
by Sutekh » 07 Sep 2023 08:47
On Strings All future breaches of FFP in the PL must now be investigated within 12 weeks.
If there are a silly amount like City's, apparently then an exception will be made...
by Sanguine » 08 Sep 2023 11:58
by Sutekh » 08 Sep 2023 13:56
Sanguine https://www.theguardian.com/football/2023/sep/07/premier-league-clubs-call-to-block-nation-state-ownership
Interesting development on Newcastle, other PL clubs still going for them on ownership, and the Saudis have created their own problem. When PIF took control the PL were 'assured' that the takeover did not represent Saudi state control of the club, that the owners and PIF were independent of the state. However in documents relating to the LIV and PGA golf merger, PIF is described as 'a sovereign instrumentality of the Kingdom of Saudi Arabia', and Newcastle chairman Yasir al-Rumayyan as 'a sitting Minister of the Saudi government'.
by Sanguine » 08 Sep 2023 14:00
SutekhSanguine https://www.theguardian.com/football/2023/sep/07/premier-league-clubs-call-to-block-nation-state-ownership
Interesting development on Newcastle, other PL clubs still going for them on ownership, and the Saudis have created their own problem. When PIF took control the PL were 'assured' that the takeover did not represent Saudi state control of the club, that the owners and PIF were independent of the state. However in documents relating to the LIV and PGA golf merger, PIF is described as 'a sovereign instrumentality of the Kingdom of Saudi Arabia', and Newcastle chairman Yasir al-Rumayyan as 'a sitting Minister of the Saudi government'.
No doubt the PL clubs driving it are led by the elite clubs trying everything they can to minimise any "gatecrashers" to their "exclusive party".
by From Despair To Where? » 08 Sep 2023 15:25
by Stranded » 28 Sep 2023 12:52
by WestYorksRoyal » 28 Sep 2023 12:58
by Sutekh » 28 Sep 2023 13:41
WestYorksRoyal Dire for Scunthorpe and Southend at the moment. We're not there yet, and hopefully don't get so close to the brink.
The independent regulator is needed more than ever, otherwise who is next? West Brom?
by Stranded » 28 Sep 2023 14:16
SutekhWestYorksRoyal Dire for Scunthorpe and Southend at the moment. We're not there yet, and hopefully don't get so close to the brink.
The independent regulator is needed more than ever, otherwise who is next? West Brom?
It's catching the inevitable changes in circumstance that's important. Someone might be great initially but 3 years down the line circumstances change and clubs starting hitting problems, think the PL/FA/FL should have a dedicated department that share resource in working together in not only vetting new owners but auditing club infrastructures each season and offering advice, assistance where it's needed and maybe maintain a register of approved parties interested in getting involved in club ownership and/or investment.
by Hendo » 28 Sep 2023 14:57
Stranded Scunthorpe owner pulls all funding as investigations into his past continue - club will play at Glanford Park ûntil the 7th October and will then look to complete their fixtures using Gainsborough Trinity's ground.
Whilst not stating they are going into administration they note:
"An outside company will be bought in to work closely with the club's creditors to try and ensure all are paid in a timely and professional manner."
which sounds like a pretty close approximation.
Hopefully not a portent for our future.
https://www.scunthorpe-united.co.uk/new ... ub-update/
by Green » 28 Sep 2023 20:15
WestYorksRoyal Dire for Scunthorpe and Southend at the moment. We're not there yet, and hopefully don't get so close to the brink.
The independent regulator is needed more than ever, otherwise who is next? West Brom?
by Stranded » 29 Sep 2023 10:09
by YorkshireRoyal99 » 29 Sep 2023 12:07
WestYorksRoyal Dire for Scunthorpe and Southend at the moment. We're not there yet, and hopefully don't get so close to the brink.
The independent regulator is needed more than ever, otherwise who is next? West Brom?
by Dirk Gently » 29 Sep 2023 12:21
by Sutekh » 29 Sep 2023 13:44
Stranded Sheffield Weds owner has issued a statement stating that if fans wish to protest against him, they can do but he's going to stop pumping in the 2m per month he currently does to keep them going.
Lovely bit of blackmail there.
by Sutekh » 29 Sep 2023 13:47
YorkshireRoyal99WestYorksRoyal Dire for Scunthorpe and Southend at the moment. We're not there yet, and hopefully don't get so close to the brink.
The independent regulator is needed more than ever, otherwise who is next? West Brom?
Yeah I'd have thought West Brom, Sheffield Wednesday might be the next one to suffer given their owners recent statement as well as historical issues.
I don't doubt someone will come out of the blue though, likely in the Championship. QPR's finances are far from stable as well, allegedly they were/are losing about £450k a week currently as well on operating costs.
by YorkshireRoyal99 » 29 Sep 2023 14:30
SutekhYorkshireRoyal99WestYorksRoyal Dire for Scunthorpe and Southend at the moment. We're not there yet, and hopefully don't get so close to the brink.
The independent regulator is needed more than ever, otherwise who is next? West Brom?
Yeah I'd have thought West Brom, Sheffield Wednesday might be the next one to suffer given their owners recent statement as well as historical issues.
I don't doubt someone will come out of the blue though, likely in the Championship. QPR's finances are far from stable as well, allegedly they were/are losing about £450k a week currently as well on operating costs.
QPR are still suffering after the years under Ecclestone and co. and then that Italian chap (Briatori?) where they the made signings that made Dai Yongge's tenure so far seem intelligent, wise and affordable. They're obviously steadier than they were then but still shipping cash at an alarming rate but amazingly only got a small fine I believe for their FFP breaches rather than the points deductions that other clubs get landed with.
by WestYorksRoyal » 29 Sep 2023 15:46
YorkshireRoyal99SutekhYorkshireRoyal99
Yeah I'd have thought West Brom, Sheffield Wednesday might be the next one to suffer given their owners recent statement as well as historical issues.
I don't doubt someone will come out of the blue though, likely in the Championship. QPR's finances are far from stable as well, allegedly they were/are losing about £450k a week currently as well on operating costs.
QPR are still suffering after the years under Ecclestone and co. and then that Italian chap (Briatori?) where they the made signings that made Dai Yongge's tenure so far seem intelligent, wise and affordable. They're obviously steadier than they were then but still shipping cash at an alarming rate but amazingly only got a small fine I believe for their FFP breaches rather than the points deductions that other clubs get landed with.
I don't think it was small, wasn't it something like £20m that they are still paying off currently? I'm sure the club had to write off shares of similar value as well, I'm sure they got hit pretty hard, admittedly it's not a points deduction that could have seen them suffer more.
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