In a move that Paul Joyce argues will benefit Everton as they try to get £70m worth of transfer deals over the line this week, The Times report that the League has secretly relaxed its profit and sustainability rules.
The finances of England's top-flight clubs will now be assessed over an average of last season and next season together rather than just 2019-20 given that the shutdown earlier this year and continuation of matches played behind closed doors are likely to cost tens of millions of pounds in lost revenue.
Clubs will also be permitted to write off losses or extra spending caused by the pandemic, such as reduced gate receipts or lower television income.
A similar decision by Uefa would prevent English clubs from being penalised in terms of entering European competition but it remains to be seen if they will follow suit with a similar stance.
Reader Comments (19)
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1 Posted 04/09/2020 at 17:52:42
2 Posted 04/09/2020 at 17:55:51
It was an attempt to keep the high profile teams at the top, they didn't want their beloved top 4 to ever be broken.
Man City took the piss out of them, though.
3 Posted 04/09/2020 at 17:56:12
If there is to be oversight with regard to money, it should be on the basis of salary caps to maintain an equitable field. Not on the basis of preventing new investors trying to compete with the status quo.
4 Posted 04/09/2020 at 18:04:43
However, as has been pointed out it is also a huge ball and chain for any of the teams out of this little gang as they have a limit as to how much can be invested in the 'new up-and-comers' set.
Bin it completely. It causes more problems than it solves.
5 Posted 04/09/2020 at 18:10:22
6 Posted 04/09/2020 at 18:19:05
I agree but that is just the tip of the iceberg.
Youve got agents, referees, PFA hierarchy, FA and FIFA hierarchy all earning at least 10 times what they used to – and that's only the legal payments.
7 Posted 04/09/2020 at 18:27:22
Then there's the reality...
8 Posted 04/09/2020 at 18:47:28
Okay, they are all Oligopolies without promotion or relegation but the worst performing teams get first choice of the new players and all teams have a salary cap so that the idea being that the better teams get worse and the worst teams get better so there is some chance of supporters being able to celebrate. However, some organisations are just so dysfunctional (yes, New York Jets I am talking about you) they never improve.
FFP should be salary cap for 25 1st XI squad and also max amount of transfer spend per year. Should make it a very level playing field.
9 Posted 04/09/2020 at 18:56:33
You would be potentially handicapping Premier League teams' ability to attract talented players.
10 Posted 04/09/2020 at 20:04:02
So make it across the board (although that would require a modicum of sense from FIFA) Also, aside from China, where else other than Europe would be able to match the silly money being offered to players by clubs such as Man City, Real Madrid or even Chelsea (Havertz is rumoured to be signing a contract for £310k per week? At 21?).
11 Posted 04/09/2020 at 21:45:11
12 Posted 04/09/2020 at 22:12:25
13 Posted 04/09/2020 at 22:29:39
14 Posted 04/09/2020 at 22:35:54
15 Posted 04/09/2020 at 22:37:23
They know that whatever they do will not affect fans behaviour or the revenues. They won't stop until they replace the glass ceiling with a reinforced concrete one.
16 Posted 04/09/2020 at 22:50:44
17 Posted 04/09/2020 at 23:54:05
Suddenly we would have our expenditure scaled down to match the poorest leagues in the world (after all that is the only way it could be fair to all). If you were a player and could earn the same money anywhere in the world, would you opt for the North West of England?
18 Posted 06/09/2020 at 07:04:19
However, it seems to have had an opposite effect as clubs speculate, hoping that success will raise revenue to continue the spiral which in itself appeals to players who wish to play at the highest levels, with the high incomes that come with it. It does seem to have created an industry within itself with Directors of Football, Agents etc.
How do you end the cycle? I'm not sure it is possible without sending some clubs into the administration that you are trying to avoid.
19 Posted 07/09/2020 at 09:04:23
I also wasn't aware that FIFA/UEFA had imposed a rule that, if a team competing in the recent European competitions couldn't find 13 fit players, they would forfeit the tie 0-3.
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