April 25, 2012

NEWS: Championship clubs vote in favour of “Financial Fair Play”


The Football League has this afternoon confirmed that its Championship clubs have voted in favour of a breakeven approach modelled upon the Financial Fair Play concept unveiled by UEFA three years ago. This means that clubs recording losses in excess of £6m in the 2014/15 season will risk having a transfer embargo imposed, while clubs promoted to the Premier League risk having fines levied that could run into seven figures, with the proceeds being shared among the more financially prudent.

Just three of the division’s 24 clubs voted against the proposals – it’d be interesting to learn their identities. There will be exceptions to the rules, however. Money spent on youth development, stadium improvement and past player transfers will be excluded. 2011/12 will constitute the first reporting period, though no sanctions will be imposed until 2013/14 on clubs contravening the new regulations.

It’s an interesting experiment aimed at cajoling clubs to impose financial discipline among themselves. A slew of clubs have experienced administration in recent times, and it’s a minor miracle that none have gone bust. Full details on the new rules can be found here.

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Filed under: News — Andy @ 2:02 pm

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9 Comments

  1. Makes what the Allams are doing re financial prudence eminent good sense. Could one of the clubs in this division voting against it be Leicester?

    Comment by Bazza — April 25, 2012 @ 3:57 pm

  2. hopefully this will curb some of the fiscal profligacy that currently abounds! my guess is a second club of the three may just be wham

    Comment by 20goto10 — April 25, 2012 @ 4:01 pm

  3. Sounds really good to me. Will not only ensure clubs operate properly but will make a more level playing field competitively. QPR lost well over £20m in their promotion year buying players and spending more on wages than they or other clubs can afford. This will not be allowed in the future. Will make for a much more healthy football league in which I reckon City will be an attractive club for many more players to come to.

    Comment by Chris — April 25, 2012 @ 4:07 pm

  4. I wonder how this would have affected City, or Portsmouth? Teams that didn’t really over-spend in the Championship, but rather fell down there, and found the income falling far short of what they were used to. As Chris said though, I expect this is more to stop the likes of QPR using all the £30m of Premier League money they haven’t received yet, in order to guarantee they get there.

    The absence of a Champions League distorting the figures should mean this will work really well in the Championship. I look forward to seeing it.

    Comment by wee bull — April 25, 2012 @ 7:59 pm

  5. Really good podcast on this link
    http://www.talksport.co.uk/radio/drivetime/120425/greg-clarke-championships-financial-fair-play-plans-170668
    Explains how fair play will be brought in gradually. Sounds really good. Think cetain people at City new this was coming and are setting the club up nicely.

    Comment by Chris — April 25, 2012 @ 9:11 pm

  6. “and it’s a minor miracle that none have gone bust”. SUrely only a matter of time before Portsmouth do, they owe about 57m, just relegated, ground falling down – only an absolute fool would invest in such a headcase club.

    Comment by Cayman Tiger — April 26, 2012 @ 2:28 am

  7. Leicester and WHU are certainties to be in the 3 that said no. Very glad to see this come in, it’s frustrating playing in an already very competative league when teams like these 2 are throwing around crazy figures on transfers and wages.

    Comment by joe — April 26, 2012 @ 1:02 pm

  8. While no one can object to more financial prudence,…. and a spin off may be more sensible wages,etc,…..but a fair playing field can only result if the PL clubs are similarly treated! As it stands it may well hamper Championship clubs in the promotion stakes and make it easier for PL clubs to go back up. All OK if you just want to stay in the Championship forever…which comes across as the limited ambition of some Tiger fans! Also it must reduce the likelihood of rich men investing in Champ. clubs. No more Wimbledons or Wigans? Ultimately reliance on Youth products might help the England team…but again it must come in at PL level.
    Predict a blossoming of off-shore accounts with dogs’names!

    Comment by gjhdurham — April 26, 2012 @ 3:59 pm

  9. “which comes across as the limited ambition of some Tiger fans!” – you are off your fucking nut durham.

    Comment by Rich — April 26, 2012 @ 5:18 pm

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