Deutsch Wolf
aka Dawn
- Joined
- Oct 16, 2009
- Messages
- 105,476
- Reaction score
- 28,249
We have to write off whatever's left on the contract as a loss, that's the bit I didn't phrase very well. But we book the £20m straight in as income.
Just had a read of fielden’s tweets - rather disappointingly he just comes across as a bit thick and hides behind ‘someone told me something’
The beauty of them being Mendes clients is that can't happen, a home will always be found for them that gets us our money back as a worse case. If we were to get to the PL that's when I'd imagine we would have to pay back our debt to him with some more questionable signingsIt only becomes an issue if Neves and Costa bomb this season and lose value. Which they surely won't.
FFP was brought in to stop clubs getting in big debt like Bolton. It shouldn't be there if the owners are prepared to write off the debt.
But then we are just back to square one, where the only real thing that matters is which club has the richest benefactor. FFP is trying to strike some kind of balance to ensure that spending levels dont become all decisive, however flawed that project may be.
Which it never will unless they put a cap on transfers and wages.
FFP was brought in to stop clubs getting in big debt like Bolton. It shouldn't be there if the owners are prepared to write off the debt.
i haven't read the FPP rules for ages, but are shareholder loan "write offs" ignored (ie excluded from income) under FPP?
No. A club can only make a £15m loss over 3 seasons if the owner doesn't inject cash.
Mendes has probably mitigated any risk from FFP because he can just move on players for a hugely inflated price.