11 Jul 2020 11:12:00
Hi Ed02,

I know you're not a fan of discussing finances and FFP, but I was just wondering if there are changes likely to be made around FFP as a result of the C.V.?

For the likes of Man City/ PSG I'm guessing (could well be wrong) that they can handle the losses from the C.V. and still spend big sums like in previous windows? Whereas others clubs I'm guessing won't be able to as they'll need to focus covering the losses caused by the break? As you've mentioned previously, Liverpool and Spurs are just two examples who have wages to pay and other costs to cover that they would have done by now when the season ended.

If so, is it just a case of it's not their fault they have richer owners, so if they want to carry on spending £100m on players that's fine as long as they stick within FFP? Or will tighter restrictions be brought in do you think to put teams on a more level playing field?

Hope you're well and staying safe on your travels.

{Ed002's Note - There will be no FFP calculation required this season meaning that whilst the FFP version of the accounts are produced, the calculation will be done together with next season. This will allow the teams who have issues (in the PL, notably Everton and Aston Villa) time to sort out their finances. The whole point of FFP is that it stops wealthy owners simply pumping money in to clubs for the purposes of transfers. PSG and Manchester City have to balance the books like all other sides and they will be selling players as well as buying players. Spurs and Liverpool had significant commitments due in June - hence the lack of transfer funds at Liverpool and Spurs taking out a large loan.

Teams will never be on a level playing field as income varies so much from country to country. Eventually the desire is for all European clubs to operate debt free on the footballing side.}

11 Jul 2020 11:50:23
I don't understand it? If owners can't pump cash into clubs how come Chelsea and city suddenly had tonnes of cash to spend when multi billionaires took over their clubs.

City spend a fortune every year, is that just from sponsorship deals and television money?

{Ed002's Note - The change of ownership at both clubs pre-dates FFP - I don't understand why that is so difficult to grasp. Manchester City and Chelsea have to operate within FFP - and do.}

11 Jul 2020 12:21:16
I’ve just heard about the Everton fan who won the lottery and said he’s going to use the money to buy them a new striker. He was also quoted as saying if he wins another tenner next week he’ll buy them a new goalkeeper as well.

11 Jul 2020 13:50:26
So if Newcastle for example get the take over fans are hoping for, it is unlikely that we will see the same thing as we saw with City? Sorry for my ignorance.

Can owners put money into improving other areas of the club; facilities and upkeep etc, thus freeing up more money for transfers. Or is that sort of thing the same as pumping money into the club?

{Ed002's Note - Additional money can be spent on the things excluded from FFP - infrastructure, youth etc.. All clubs can inform the Premier League of a single additional cash injection which usually comes with the change of ownership, but you won't see spending of the pre-FFP nature. What you will see again is attempts at getting going on the same basis as the City Football Group operate with many different clubs, or Red Bull operate is a similar way.}

11 Jul 2020 18:48:28
Thank you for the response Ed.