Generic clubs in financial crisis Thread

[Winston Biscuit]

from what I just read it sounds like the CSD are going to overrule La Liga to allow a 3 month temporary registration while they work on Barcelona's appeal to make a clear long term legal decision

also interesting to note that not only does this decision mean that Barcelona would be breaking the salary cap/registration rule, but Spanish football has a rule that the same player cannot be registered more than once to a club during a season, and this also means they are breaking that rule too.

also, what happens if Olmo has amazing games against Real Madrid and Atletico, scores important goals, wins the games for them, then its ruled that he shouldn't be registered so after 3 months he can't play, and Barcelona win the league by a point or on head to head ? can see other clubs being pretty upset with that

anyway, none of this is actually confrimed yet so the rumours may not be 100% correct

[Stranded]

from what I just read it sounds like the CSD are going to overrule La Liga to allow a 3 month temporary registration while they work on Barcelona's appeal to make a clear long term legal decision

also interesting to note that not only does this decision mean that Barcelona would be breaking the salary cap/registration rule, but Spanish football has a rule that the same player cannot be registered more than once to a club during a season, and this also means they are breaking that rule too.

also, what happens if Olmo has amazing games against Real Madrid and Atletico, scores important goals, wins the games for them, then its ruled that he shouldn't be registered so after 3 months he can't play, and Barcelona win the league by a point or on head to head ? can see other clubs being pretty upset with that

Does seem a little strange that a court can actually overall the rules of a private organisation like La Liga especially a rule designed to ensure a level of fairness across the board and not have clubs push themselves into further financial turmoil. Unless as you say there is a clear contravention of Spanish Law - in which case the 3 months seems pointless as the court can rule and state the full decision will follow in due course and can be appealed at that time.

To do it, on such a temporary basis as well is crazy for the reasons you state. This is the court essentially saying, "Don't know, guv" and pushing it down the road.

What would be interesting now is if Olmo decides that that isn't good enough - it has been reported that he would become free agent if he wasn't registered by the end of the year - so he technically has the choice between staying and maybe being in limbo again come April but unable to sign for anyone, or moving to another club now knowing his registraton will be fine.

[Winston Biscuit]

Some additional lols:

This non registration has only come about (obv aside from the club being a financial basket case) because Barca miscalculated the finances of their new Nike kit deal and thought it meant they were ok to sign Olmo. in addition, they removed Ter Stegen's salary from their calculations, as you are allowed to do for long term injuries, and submitted a request that the wages be used to cover Olmo's wages, completely forgetting that they already made that same request a few weeks earlier for his wages to cover Wojciech Szczesny, which was approved.

In a last minute desperate attempt to have the money to register Olmo & Victor, last week Barcelona sold off their hospitality 'VIP seats' for a cut price €100M on a long term deal to a middle east company, but it didn't satisfy La Liga hence why they took it to the government. so it means they have now sold off their hospitality, on the cheap, for no real reason

understandably, some fan groups are calling for Laporta to step down

[Stranded]

Some additional lols:

This non registration has only come about (obv aside from the club being a financial basket case) because Barca miscalculated the finances of their new Nike kit deal and thought it meant they were ok to sign Olmo. in addition, they removed Ter Stegen's salary from their calculations, as you are allowed to do for long term injuries, and submitted a request that the wages be used to cover Olmo's wages, completely forgetting that they already made that same request a few weeks earlier for his wages to cover Wojciech Szczesny, which was approved.

In a last minute desperate attempt to have the money to register Olmo & Victor, last week Barcelona sold off their hospitality 'VIP seats' for a cut price €100M on a long term deal to a middle east company, but it didn't satisfy La Liga hence why they took it to the government. so it means they have now sold off their hospitality, on the cheap, for no real reason

understandably, some fan groups are calling for Laporta to step down

At some point they are simply going to run out of things to sell bar players, so are either going to have to keep challenging rules or actually try and sell players at top value and replace them with cheaper players.

Or go bust.

[Sutekh]

Should have followed the U.K. model and sold things to themselves.

[Winston Biscuit]

Olmo & Victor officially registered yesterday.

La Liga have now lodged an appeal with the government as they want it overturned.

Quite a few La Liga clubs have put out statements opposing the government decision

[Winston Biscuit]

The Premier League has not charged any clubs for breaches of its profit and sustainability rules after all were deemed financially compliant for the 2023-24 season.

[Sutekh]

The Premier League has not charged any clubs for breaches of its profit and sustainability rules after all were deemed financially compliant for the 2023-24 season.

That just means they've not found any simple or obvious breaches on the latest accounts submitted, clubs may still be in breach through being "inventive" in complicated ways which the PL have yet to get to.

[Winston Biscuit]

The Premier League has not charged any clubs for breaches of its profit and sustainability rules after all were deemed financially compliant for the 2023-24 season.

That just means they've not found any simple or obvious breaches on the latest accounts submitted, clubs may still be in breach through being "inventive" in complicated ways which the PL have yet to get to.

listened to a bit of talksport yesterday (you can download it as a podcast) where they had their football finance expert on to go through this and he did say that everyone expected Leicester to be done, and them not being done doesn't mean they haven't breached, it just means they have used clever legal moves to avoid getting in trouble for it. Then also said there is interesting wording to the PL statement around Leicester which seems to suggest they are still being investigated or the 22/23(?) stuff which has been ongoing for ages now. So could still end up in trouble over that.

That talksport bit is available as a podcast if anyone is interested. I quite like their football finance man's chat on there, even though he sounds like he would fall over if the wind blew too hard

[Winston Biscuit]

According to the French media Botafogo have agreed to sell winger Luiz Henrique to Zenit for €33M + €2M, but an issue has arisen.

The owner of Botafogo is John Textor, who is also the owner of financially challenged Lyon. Textor has transferred the sporting rights of the player from Botafogo to Lyon right before the sale, so Lyon will be receiving the full transfer fee and Botafogo none, even though Lyon have never had anything to do with the player, and Botafogo bought him a year ago for a Brazilian league record fee (equivalent of €17M)

how the F is that even allowed?!

[Sutekh]

According to the French media Botafogo have agreed to sell winger Luiz Henrique to Zenit for €33M + €2M, but an issue has arisen.

The owner of Botafogo is John Textor, who is also the owner of financially challenged Lyon. Textor has transferred the sporting rights of the player from Botafogo to Lyon right before the sale, so Lyon will be receiving the full transfer fee and Botafogo none, even though Lyon have never had anything to do with the player, and Botafogo bought him a year ago for a Brazilian league record fee (equivalent of €17M)

how the F is that even allowed?!

Weird. I thought it’s the player’s registration that a club buys and you can’t just transfer that without FIFA and local FA ratification esp. across different regions - “international clearance”.

This shouldn’t be allowed of course, but authorities just don’t seem to play test their regulations for obvious holes to plug before putting them in place. It’s one of the anomalies possible due to people being allowed to be involved in the running multiple clubs and that really should be banned outright to prevent this sort of abuse.

[Winston Biscuit]

at least there aren't any football clubs involved in a larger multi club ownership scheme in the PL that could take advantage of this.....

[Winston Biscuit]

listened yesterday to the latest Price Of Football (there is my 2nd free advertising for them in recent days) and they had a question in about how to potentially get around PSR, and they stated that PSR rules currently wouldn't stop a club owner buying £100M of their own gift cards for the club shop, giving them out for free to fans, then when the fans spend them in the club shop they add that on as pure profit in their accounts

[Winston Biscuit]

Burnley taking legal action against Everton over their own relegation last season while Everton breached PSR

[Sutekh]

Burnley taking legal action against Everton over their own relegation last season while Everton breached PSR

Shouldn’t they have done that last summer?

[stealthpapes]

That just means they've not found any simple or obvious breaches on the latest accounts submitted, clubs may still be in breach through being "inventive" in complicated ways which the PL have yet to get to.

listened to a bit of talksport yesterday (you can download it as a podcast) where they had their football finance expert on to go through this and he did say that everyone expected Leicester to be done, and them not being done doesn't mean they haven't breached, it just means they have used clever legal moves to avoid getting in trouble for it. Then also said there is interesting wording to the PL statement around Leicester which seems to suggest they are still being investigated or the 22/23(?) stuff which has been ongoing for ages now. So could still end up in trouble over that.

That talksport bit is available as a podcast if anyone is interested. I quite like their football finance man's chat on there, even though he sounds like he would fall over if the wind blew too hard

isn't the 'cleverest' bit by Leicester in 2023/24 them being in the wrong division?

[Winston Biscuit]

That just means they've not found any simple or obvious breaches on the latest accounts submitted, clubs may still be in breach through being "inventive" in complicated ways which the PL have yet to get to.

listened to a bit of talksport yesterday (you can download it as a podcast) where they had their football finance expert on to go through this and he did say that everyone expected Leicester to be done, and them not being done doesn't mean they haven't breached, it just means they have used clever legal moves to avoid getting in trouble for it. Then also said there is interesting wording to the PL statement around Leicester which seems to suggest they are still being investigated or the 22/23(?) stuff which has been ongoing for ages now. So could still end up in trouble over that.

That talksport bit is available as a podcast if anyone is interested. I quite like their football finance man's chat on there, even though he sounds like he would fall over if the wind blew too hard

isn't the 'cleverest' bit by Leicester in 2023/24 them being in the wrong division?

I forget now, but I think its to do with when they claimed they were in different divisions, which seems mental to me as seasons in English (and much of europe) football run from 1st July to 30th June. Thats always been clear and its why contracts/transfers are tied in to those dates. Just because someone is relegated in March doesn't mean they are no longer a PL club in April.

[Winston Biscuit]

Administrators say they have so far been unsuccessful in finding new owners for Inverness Caledonian Thistle and they may be liquidated this summer

[Sutekh]

Administrators say they have so far been unsuccessful in finding new owners for Inverness Caledonian Thistle and they may be liquidated this summer

Someone give them Rob Couhig’s number.

[bcubed]

"We can't keep having a situation in this country that football clubs can go under because of the voracious capitalistic notion that you can come in, strip assets and ignore fans. We're the polar opposite of that.

Says co-founder of FC100,000 Michael Brady, after talks with Scunthorpe are terminated

https://www.bbc.co.uk/sport/football/ar ... 2zegnn4nmo

He also said

You've had horrible owners who have led to all these challenges and we are trying to do the exact opposite of that and yet we've been met with vitriol.