Stoke City statement

FFP regulations mean very little when you have owners that can do this.

I'd never want BFC to be in hock to an owner to this level, but the current regulations are simply inadequate in creating anything like a level playing field when club owners can do this.

https://www.stokecityfc.com/news/2022/march/23/club-statement/

Before anyone jumps in to argue that our owners don't look so bad after all, Coates is pumping money in and writing large parts of it off. That's very different to owners who utilise limited cash resources for non-football purposes.

 

It is an utter piss take and it is long overdue that such practices shouldn't be deemed within the rules.

Given the huge amount of money swilling around UK football, the FA, Premier League and EFL are an utter disgrace. About time they got their respective houses in order.

 

But patrick put his own money in and wrote off lots of it didnt he? The accademy he made sure we kept the certain status,bought players by loaning his own money to the club his problem was in comparison to coates he wasnt very rich.
Now we have owners who wont do any of that and want installments for them to buy the club to come out of the running costs. Leeches but wait untill next year because i wont be parting with my money for another season ticket while conman and freinds are here.

 

Time to nationalise football.

 

Why does every thread at the minute have to turn into a demonstration as to why someone is against the current ownership. By the same reckoning, would you say, if you were a Stoke fan, that you'd be happy to buy a season ticket for them on the strength that their owners have written off their absolutely obscene debt to secure the immediate future of the football club?

 

What is the point of FFP when everyone and his dog can find a way round it.

 

Find it slightly amusing the article below the link has the Academy Director saying
“we can compete with the biggest clubs in the country; all with extremely larger budgets than ourselves.”

 

The crux of the whole argument is that footballers are paid far too much, especially at this level.

The level of football played in the championship is nowhere worth how much these players are getting paid. It's obscene.

I would honestly say that the best player in this league is probably worth 10K a week max - the fair value of the members of our squad on average is 3.5K max.

 

Or hes here chief happy clapper. I havent commented on every thread but thats my opinion above.

 

Do loan write offs get teams around FFP? Thought I'd seen somewhere that they were still counted as losses.

Just to play devil's advocate, if the Coates family want to invest so much money, without expecting any back and make it official that they wont be trying to get it back, is there a massive issue? In the 90s, Jack Walker and Steve Gibson were being lauded as excellent chairmen / owners, then Dave Whelan similar in the early 2000s / 2010s.

 

I despair.

 

Because these rich owners put a false economy over players/staff wages so other clubs can’t compete .
It’s all well and good saying these rich owners can put as much money as they want in and then they start to want a breakaway super league and everybody’s up in arms .
We have to make a stand somewhere .
These rich clubs should only be allowed to function with the money the clubs can generate .
It’s still beyond such as our means to compete financially with these clubs ,Man u ,Arsenal etc but at least it’s fair .
If the owners want to use their own money for facilities then that’s different , if they want to splash out on state of the art training facilities etc and not put that debt on the club or in its financial existence I have no problem but to go out and stockpile the so called best players is cheating especially when they already have massive advantages in generating income .

 

Yeah, this is what I'm thinking as well. I'd replace FFP rules, which clearly aren't working, with a live salary cap that is based on turnover, and have automatic punishments for breaches.

Then yes, if owners want to spend on infrastructure, then fine. Though some way would be needed to close the loophole of this investment inflating the turnover figure.

 

I never said you have, and you've completely missed/ignored my point. And how in the slightest does my post make me a happy clapper?

 

If owners want to spend their own cash and not have the Football club in debt to them I don't see the issue.

 

Yeah, **** level playing fields, eh?

 

Or sour grapes from fans who wouldn't be moaning if we had the richest woman in the country as our owner writing off millions of pounds she won't miss to try and get us in to the Premier League? Football hasn't ever been a level playing field at any point in the history of the sport. It's not horse racing where you are handicapped to make a more level playing field. It is what it is.

 

If you think it is perfectly ok for us to be struggling whilst pretty much all other clubs are fiddling the books then you are more out-there than I thought, and to be honest I didn't think that was possible.

It isn't sour grapes, it is wanting sport to be fair.

 

I can't open the link but I don't think there's any need to. I could probably invent a bull s h I t bingo and get a full house

 

Based on what?

I'm by no means a capitalist, however the money somebody earns is determined by the amount an employer is prepared to pay, which is usually dictated by the market forces. 'Worth' doesn't come into it, at all.