01 Sep 2021 18:33:49
I have seen a lot of posters on here talk about our FFP situation as if the it is totally out of our control, and an excuse for our limited spend this season. We have bought and spent our way into this mess. We should be grateful that Rafa is at the helm and may give us a fighting chance, but at the same time we should be annoyed/ angry that it has come to this, not begrudgingly accepting as so many are.

For as long as I have been active on these forums, which is only 2 or 3 years to be fair ED002 has warned us of the mess we were digging for ourselves - and taken a lot of abuse in return as we constantly spent like there was no tomorrow and made it look like he was talking rubbish.

Even last season we had the 5th highest net spend during a C.V. when we were clearly on the brink of breaching ffp.

Would be nice if we all took a minute to eat a big slice of humble pie, and admit ED002 was 100% correct.

1.) 01 Sep 2021
01 Sep 2021 18:58:55
Who was doubting him? We all knew that the spending couldn't continue at the same rate, Koeman spent around 210m and silva over 100m. We gambled on getting into the European competitions on a regular basis but have failed drastically. If it had paid off then we all would have been buzzing, including yourself! We have no choice but to begrudgingly accept it, what else can we do? As I said, we gambled paying ridiculous wages and fees in the hope these players would get us on the gravy train. We are a mid-table club paying champions league wages. Go figure.
It's not an excuse that our limited spending is due to ffp, it's a fact. It's obviously down to financial mismanagement but anyone with any common sense could see it coming if the gamble didn,t pay off. and thats where we find ourselves right now mate.

2.) 01 Sep 2021
01 Sep 2021 19:49:03
What I find hard to accept is that Farhad has been at the club for 5 years building up his share. With him being a Chartered Accountant I would have expected the finances to have been improved at an earlier date. Am I missing something.

3.) 02 Sep 2021
01 Sep 2021 22:54:29
Yes, your missing the fact that the guy didn’t understand footballers. If you spend a fortune on a Rolls Royce you get a beautiful car that’s a joy to drive. If you spend a fortune on a footballer you cross your fingers and hope for the best.
Unfortunately Moshiri bought a load of bangers, because he listened to some very clever salesmen.
Expensive lesson but hey he can afford it.

4.) 02 Sep 2021
01 Sep 2021 23:51:22
Yea damage was done but feel we rectified that from last summer till now where players bought in are either regulars and improved us or the ones that have not worked out like Kean, we have moved him on and not lost money on, less players coming in per window which is Key, few more need to go over next 2 windows.

5.) 02 Sep 2021
02 Sep 2021 09:34:52
Have to agree with EFCONE and bluepotato and Ed 2. Financial mismanagement (of epic proportions) had come back to bite us in the Ass. Yes, someone in charge took a gamble and it was a bad one. We bought poorly in the main and overpaid on a regular basis

Who's to blame? Walsh, Brands, the Finance Director who is leaving, the managers or others such as Moshiri himself for knowing very little about football and relying on advisors?

I'm not even sure we have learnt from it - just last season we were paying ridiculous money and wages for Allan, Doucoure and James whilst giving new contracts to Keane and Holgate that they won't get elsewhere. How much are we paying Rondon to warm our bench?

Who's to Blame and have we got rid of them yet?

6.) 02 Sep 2021
02 Sep 2021 10:03:48
Biggest team in that league, regular league winners, regulars in Champ league. Have players who though expensive also generate income for the club. Very good corporate facilities, full ground on match day etc.
We on the other hand.

7.) 02 Sep 2021
02 Sep 2021 12:07:43
We, on the other hand, are starting to cut our cloth accordingly, BB! The gamble for Europe, and the riches that seems to bring, failed miserably and now we have to become more self-sustainable. I think Rafa is the right man in charge to oversee this new approach and lead us ino our new stadium. We just have to be patient and see this season out, if we end it by qualifying for Europe (long shot but anything is possible) then things will improve slightly on the transfer front. By that, I mean we might have a couple of quid to spend and I believe Rafa will spend it wisely, especially in comparison to previous managers.

8.) 02 Sep 2021
02 Sep 2021 17:25:15
BP we have the money to spend but can't spend it. We are now in a position of one in one out. This is where Brands needs to step up and unearth those little gems he was famous for.
I am really not convinced that he would have been happy giving a 31 year old a two year contract, and feel we may still be in a position of him wanting one thing and the manager wanting the other. Only time will tell I suppose.

9.) 02 Sep 2021
02 Sep 2021 18:54:34
BB, yeah I meant we might be allowed to spend a few quid within the constraints of FFP.

10.) 02 Sep 2021
02 Sep 2021 21:47:30
Europes FFP is stricter than our prem league spend rules.
We're currently -13, -112 and -195 over the 3 rolling years.
Some 70 million loss attributed to C.V. 40-50 mill spent on stadium planning which can be removed.

Need to get the wage bill right down but also keep competing.
Its going to be a tough couple of years.

11.) 03 Sep 2021
03 Sep 2021 06:53:09
140 mill not 195 mill oops.