I know there are two other finance threads but this is quite a big question so worthy of a separate thread in case others miss it !
Given the STCC part of the Premier League rules (see attached) have we breached this for 2014/15. Its a ridiculous unnecessary rule obviously drafted and agreed to by people who either don't understand the implications or are happy to preserve the status quo.
Yes clubs can grow their wages but very slowly and all clubs will eventually reach a ceiling but all at different levels. The other thing is that for us this will take years and by then the wages will have gone even sillier due to the inevitable inflation coming from the increased TV deal from the already established 'big clubs' ! IMO if they don't want clubs to get into trouble the 'equity requirement' other rule is good enough due to the parachute payments.
Back to 2014/15 the rule is here
we have increased wages 14/15 by 22m ie 18m excess above the 4m.
Assuming not much of this was from contracts before Jan 13 how have we not breached this given our player profit was 0.5m and increased non TV revenue was 6.5m ?
Somebody please point out what I'm missing in all of this so the thread can be closed :(:(
Given the STCC part of the Premier League rules (see attached) have we breached this for 2014/15. Its a ridiculous unnecessary rule obviously drafted and agreed to by people who either don't understand the implications or are happy to preserve the status quo.
Yes clubs can grow their wages but very slowly and all clubs will eventually reach a ceiling but all at different levels. The other thing is that for us this will take years and by then the wages will have gone even sillier due to the inevitable inflation coming from the increased TV deal from the already established 'big clubs' ! IMO if they don't want clubs to get into trouble the 'equity requirement' other rule is good enough due to the parachute payments.
Back to 2014/15 the rule is here
we have increased wages 14/15 by 22m ie 18m excess above the 4m.
Assuming not much of this was from contracts before Jan 13 how have we not breached this given our player profit was 0.5m and increased non TV revenue was 6.5m ?
Somebody please point out what I'm missing in all of this so the thread can be closed :(:(
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