10-09-2014, 00:38
While I agree with the sentiment of FFP I cannot help wondering why its any bodies business if a billionaire chooses to prop up a football team with his own money?? I know thats simplistic but these rules were set up to stop clubs overspending and racking up huge debts that they could never really hope to pay back, surely in QPRs case the owner is well capable of overspending to the tune of 60m anyway? Surely the problem here is the way clubs are set up when they have a rich owner and as a company are increasing their debt by overspending and the owner is not clearing that debt even though he can afford it. Maybe a better system would be to see the owners of the club be required to pay off all debt over a certain amount at the end of each season, if they don't then sanctions can be applied. Not sure how that would work, but having these corporations set up by wealthy owners for the football club to be part of is just for tax purposes, remove that option and make the owner immediately responsible. That way if an owner wants to spend 100m to get promoted, then as long as he puts up the money then thats fine.
In France the top flight clubs have to put forward a budget before the season, maybe thats another way to do it but the prem teams again will resist it.
In France the top flight clubs have to put forward a budget before the season, maybe thats another way to do it but the prem teams again will resist it.