05/09/2024 19comments  |  Jump to last

Talking to ESPN in the context of his Brazilian club, Botafogo, John Textor has hit out strongly at the fundamental unfairness of so-called Financial Fair Play rules in football. 

The Crystal Palace shareholder, who is currently trying to sell his shares at Selhurst Park to try and buy Farhad Moshiri's majority stake in Everton, made no bones about his opposition to Financial Fair Play.

“The term financial fair play is a fraud because it is not fair enough. Who says that teams can only spend 75% of their revenue on player salaries,” he said. 

“It’s a rule in Europe that was made to allow the big teams, with their big brands, like Liverpool, Manchester United, to spend more money. That’s not fair!  

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“Crystal Palace has to play against Manchester United, which is allowed to spend more on players, there is no financial parity,” he continued.  

“They use other words, like sustainability, that there is financial fair play because they care about their club. In the Premier League, you have small clubs bought by mega-billionaires, with a lot of money, but they can’t spend it.  

“Only the big clubs, with the biggest global budgets, can spend. It’s not about financial sustainability for the health of the club, but rather an unfair practice, a rule made to allow hegemony, for big clubs to always be dominant.” 

 

Reader Comments (19)

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Michael Kenrick
1 Posted 05/09/2024 at 22:17:09
It's good to hear him come out and call a spade a spade (or can't we say that anymore!!?)

But if this gets back to Richard Masters, I can see him reapplying the Directors and Owners Test with a little fresh vigour — especially if Textor gets any closer to completing his takeover of Everton!

Ben King
2 Posted 05/09/2024 at 22:29:22
Spot on, Michael!
Christine Foster
3 Posted 06/09/2024 at 02:47:09
Not sure, Michael, reminds me of a spanner in the woodpile?

I think I have mixed metaphors — or perhaps it's fork handles...

Masters should know, he is the biggest tool in the box!

Derek Knox
4 Posted 06/09/2024 at 03:28:45
Christine,

"Masters should know, he is the biggest tool in the box! "

King Dick?

A well known and decent tool brand, not so long ago, which is more that you can say about the appropriately named Richard Masters!

Eric Myles
5 Posted 06/09/2024 at 09:58:28
Christine, it's Four Candles!

Tony Abrahams
6 Posted 06/09/2024 at 10:38:49
I've just been reading a report that says Farhad Moshiri is willing to take between £40-80 million for his shares, and I can't get my head around why Everton hasn't already been sold if this is the case.

If you take over all the debt, and then have to give Moshiri his top line of £80 million, how much would it be costing to acquire the whole club, lock, stock and barrel?

Rights & Media Funding - £200 million, 777 Partners - £200 million, and Dan Friedkin - £200 million, plus Farhad Moshiri - £80 million, equals £680 million, so what am I missing out?

There must be something else, because I heard that to purchase Everton, and start again after removing all the debt, would cost around £1.1 Billion.

But, even if this was the case, I still can't believe the club hasn't had any takers, when you consider that you are buying a club with a very loyal fanbase who are moving into an incredible new stadium in a city which is only going to keep growing and the club is playing in the richest football league in the world?

I was reading that Friedkin was going to spend £800 million building a new stadium for Roma. If this report is true, then I think the price of Everton is very reasonable because, if you can get the club going again, then it could surely be sold again for a whole lot more?

Fred Quick
7 Posted 06/09/2024 at 10:50:20
Tony @6,

I do wonder what strings are attached to the majority of those large loans and if Moshiri in taking a financial haircut, or has strings of his own he has attached to the sale of the club. There must be a lot of devil in the detail that us mere mortals are unaware of.

I remain convinced that Moshiri will sell eventually, but will try and wait it out, until the completion of the stadium.

My other concern is, whilst Everton appear rudderless at the moment, various deals have already been signed in relation to the stadium and it might not make Everton FC as much money as many people would like it to, including potential new owners.

Paul Hewitt
8 Posted 06/09/2024 at 11:11:45
Tony. It's is a puzzle as to why we haven't already been sold.

Any new owner would only need around £500 million to buy the club. Pay off Moshiri and pay off Friedkin and 777 Partners. The Rights & Media Funding loan could be left as it is and paid off over the years.

A Premier League club in a brand new stadium. It's a bargain.

Tony Abrahams
9 Posted 06/09/2024 at 11:13:46
There must be a lot of devil in the detail right across the whole football club right now, Fred, and it has crossed my mind that Sean Dyche might have been choosing the wrong battles because of this?

If I could get anyone paid off, it would be Rights & Media Funding, Paul, because I suspect what Fred has said about the smaller details will make it hard to get rid of these people easily.

£500 million seems the biggest bargain since our neighbours were sold, so let's pray for a similar outcome!

Christine Foster
10 Posted 06/09/2024 at 12:27:16
Tony,

I agree with you about Rights & Media Funding, they have had their claws into the club for a long time and it's a gravy train and they see no reason to let it go.

As you say, the devil is in the detail but, for me ,they seem to have a clause somewhere that gives them power of who the club is sold to?

Or whoever tries to buy them out will find it costs far more than is owed; something somewhere appears to be a roadblock of mega proportions..

Paul Kossoff
11 Posted 06/09/2024 at 14:43:17
Micheal, a book called Call a Spade a Spade: from Classical Phrase to Racial Slur: A Case Study, by Wolfgang Mieder is about that very phrase.

In today's society, we all have to be careful about what we say. Even Lemmy had to think twice. Bet you can't work that one out.😀

Soren Moyer
12 Posted 06/09/2024 at 15:31:56
Now THAT is the sort of person I'd like to have as our owner. Good for you John!
Michael Kenrick
13 Posted 06/09/2024 at 15:53:25
Thanks, Paul, for confirming my fears.

I shall probably forget Meider's advice and continue to use the phrase as she was originally intended to mean "tell it like it is", with reference to a garden spade or similar non-controversial implement.

Michael Kenrick
14 Posted 06/09/2024 at 16:25:49
Tony,

I hope you found a way to avoid paying the £1.99 subscription now demanded for access to that report from the Daily Mail behind their new paywall???

Maybe one day Goodison News and Everton News will charge for the dubious privilege of accessing their doom-laden twaddle and I will feel less obligated to read it?

Danny O’Neill
15 Posted 06/09/2024 at 17:04:57
I do all of my reading online these days. I can't read the Mail or the red tops and can't remember the last time I bought an actual newspaper.

Tony, Roma's situation is interesting. They planned to move a few seasons back, but the Lazio region rejected it.

But it looks like the project has been resurrected. New stadium with a 55,000 capacity that can be expanded to over 60,000 for certain matches or events.

Depending who you listen to or believe, it is going to cost 1Bn Euros although the club say it will cost half of that. That's Italia for you!!

Derek Knox
16 Posted 06/09/2024 at 17:52:21
Tony A @ 6, good and valid points you bring up in your post. As I have said before, I would be happy, as I'm sure many others would too, if Moshiri, ended up wit the least possible amount.

Ideally that would be nothing, in retribution for the harm (financially) plus the angst he has put the fans through all for his greed. Bonus would be a Usmanov Contract on him too.

Despicable little Scrotumus Maximus, handpicked/head-hunted, by the Maggot !

Tony Abrahams
17 Posted 06/09/2024 at 20:17:01
I've just seen that headline, Michael, so was a little bit disappointed when it was asking for some money to read it, even though it was probably as enlightening as those other two absolutely awful websites you mention.
Eric Myles
18 Posted 08/09/2024 at 04:28:01
Paul #11, Lemmy from Motorhead?

Don't listen to them but I did unwittingly meet them once.

Did they sing "Ace of Spades"?

Spook is another word that used to mean a ghost or a spy, but now has been twisted to a completely different meaning.

Eric Myles
19 Posted 08/09/2024 at 04:34:40
Tony #6,

The report I read some time ago said Moshiri was expecting to take £60M to £120M from the 777 Partners deal depending on events.


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