04 Apr 2024 17:26:31
Ed, is the rumor about FA going the way of US sports in term of introducing luxury tax to team that overspending true at all? Teams that overspending will get luxury tax imposed on them instead of point deduction/ relegations/ fine as a punishment. Or is it just rumor?
{Ed002's Note - I am not aware of such plans - any move from a level playing field would be more than difficult.}
04 Apr 2024 21:48:55
I would expect that's rubbish not a rumour. It should certainly be.
{Ed001's Note - why? If it is like the NBA it would be interesting as the luxury tax money gets shared between the teams who keep within limits.}
04 Apr 2024 22:09:01
Financial deterrents are worthless to the likes of Man City. Only the threat of a points reduction will change behaviors.
{Ed001's Note - people are missing the point, the regs are not meant to be deterrents. They are meant to be there to stop clubs getting into financial difficulty by spending beyond their means.}
04 Apr 2024 23:38:20
Money doesn’t necessarily guarantee success, only have to look at Chelsea rn and even Utd has spent close to a billion over the last few years. But I would worry that City could spend £1bn and just dominate given how well run they are. And the wealth tax even if it was 100% would just see the other clubs given £50m each in exchange no ed001? Doubt the extra £50m each would help other clubs to compete. Could potentially allow other clubs like Newcastle to spend massively so could allow owners who don’t mind investing money without return but I see it becoming a much more negative thing imo. Think it would see even worse inflationary price rises for players if sovereign wealth fund backed clubs are allowed to spend as much as they wish.
05 Apr 2024 00:01:58
Likes of city + Newcastle would just spend whatever they like and as much as they like and pay whatever tax they have to. Not near strict enough for me.
05 Apr 2024 00:03:14
I assume clubs in Europe would also have to adhere to eufas rules too, preventing huge over spending?
05 Apr 2024 05:48:39
The idea that it is a “level playing field” made me laugh. There is a case that has been dragging on for years because it is ‘difficult’, whilst other clubs seem to be treated to the abridged version of the process.
@Digger, that’s a bit harsh on Newcastle
@Ed01, I understand what you are saying about the rules being there to try and ensure clubs’ financial stability and spending prudence but might it not be better to redouble their efforts to try and weed out potential ne’er do wells prior to them being allowed to take control of the clubs?
{Ed001's Note - fully agree, that's what they should be focused on.}
05 Apr 2024 13:34:24
@Jaynwa. You can make a case that a points deduction is a financial deterrent by another name.
As an example, if Everton are given another points deduction next week then they run the real possibility of playing in the Championship next season and they may find it hard to get back out again. The points deduction could have a financial impact lasting for years.
05 Apr 2024 13:28:16
I think the plan is to introduce the luxury tax coupled with sporting sanctions to try and avoid the likes of City and Newcastle just paying the tax. There is also a rumoured salary anchor which I thought was quite interesting. Personally, I see the only way to stop it is by having a salary cap, if all clubs across Europe agreed it would instantly stop clubs getting into financial messes such as Barca. People talk about mismanagement and club owners, but players greed is as much to blame.
05 Apr 2024 14:16:49
I think it would be a terrible idea, spending as much as you want doesn't stop poorly run clubs from going under they'll overpay, pay a fine and then be in financial difficulty quicker. Rich clubs will just spend continuously and even if they're fined £100m (unlikely they'd even be fined this really) and then that's distributed to other clubs that's what £5m per team assuming all of it goes to other clubs? Hardly makes a dent.
05 Apr 2024 16:12:26
Until we sort out the corrupt people running the game nothing will change. Shoot me down for calling the pgmol, FA etc corrupt don’t care there is nothing else to describe them in my eyes.
{Ed002's Note - so who is paying them off? To do what?
05 Apr 2024 21:34:05
I’ve always wanted to watch a World Cup in the Emirates.