Tamworthram Posted June 4, 2023 Share Posted June 4, 2023 8 hours ago, ram59 said: They can make donations to cover players' salaries, which have to be actually paid to the club without interest or need to be repaid. This is quite sensible in my opinion, if a rich owner wants his team to progress, he should be able to supply funds to enable that, providing that the club's financial stability is not affected. In theory these ffp rules allow a small club with a rich owner to compete safely with a 'big' club like Derby, at this level. Derby's 60% salary cap on income will be considerably more than Burton's, but it's only right that Burtons' owner is able to put funds into the club, in order to make up the difference, as long as it doesn't affect the financial stability of the club. Despite MM's promises, Derby weren't debt free, as we now know to our cost. Although, he wrote off many tens of millions, the club still went into administration. Perhaps, if these had been in place in the championship, we may not have ended up in the mess that did. I know but that is included in revenue, and therefore limited by the 60% rule, isn’t it rather than FFI which you were implying. Link to comment Share on other sites More sharing options...
jono Posted June 4, 2023 Share Posted June 4, 2023 8 hours ago, ram59 said: They can make donations to cover players' salaries, which have to be actually paid to the club without interest or need to be repaid. This is quite sensible in my opinion, if a rich owner wants his team to progress, he should be able to supply funds to enable that, providing that the club's financial stability is not affected. In theory these ffp rules allow a small club with a rich owner to compete safely with a 'big' club like Derby, at this level. Derby's 60% salary cap on income will be considerably more than Burton's, but it's only right that Burtons' owner is able to put funds into the club, in order to make up the difference, as long as it doesn't affect the financial stability of the club. Despite MM's promises, Derby weren't debt free, as we now know to our cost. Although, he wrote off many tens of millions, the club still went into administration. Perhaps, if these had been in place in the championship, we may not have ended up in the mess that did. Indeed, he managed to convince us that the largesse was his personal largesse but in the end he was securing what was debt funded spending, on the structure and buildings of the club as an entity .. and worse still the physical money was coming from the commercial equivalent of a pay day loan company who wanted it back ! Link to comment Share on other sites More sharing options...
Woodley Ram Posted June 4, 2023 Share Posted June 4, 2023 10 hours ago, ram59 said: They can make donations to cover players' salaries, which have to be actually paid to the club without interest or need to be repaid. This is quite sensible in my opinion, if a rich owner wants his team to progress, he should be able to supply funds to enable that, providing that the club's financial stability is not affected. In theory these ffp rules allow a small club with a rich owner to compete safely with a 'big' club like Derby, at this level. Derby's 60% salary cap on income will be considerably more than Burton's, but it's only right that Burtons' owner is able to put funds into the club, in order to make up the difference, as long as it doesn't affect the financial stability of the club. Despite MM's promises, Derby weren't debt free, as we now know to our cost. Although, he wrote off many tens of millions, the club still went into administration. Perhaps, if these had been in place in the championship, we may not have ended up in the mess that did. Unfortunatly Mel would have found a way to circumnavigate the rules and put our toes to the fire. Link to comment Share on other sites More sharing options...
ram59 Posted June 4, 2023 Share Posted June 4, 2023 3 hours ago, Tamworthram said: I know but that is included in revenue, and therefore limited by the 60% rule, isn’t it rather than FFI which you were implying. I don't believe that it is. Revenue only includes regular money coming in through league games and commercial income and the 60% is based on this 'minimum' income. The Football Fortune Income is just that, 'fortunate income' over and above the minimum a club should expect over a season. This includes income from cup runs, tv fees, transfer profits, cup money distributions, parachute payments and also donations and cash injections from a number of sources. This money is extra, over and above the minimum and the EFL allow you to spend all of it on covering players' transfer fees and contracts. How I understand it is, you take the whole squads contracts added together and this should be covered by the 60% of the league and commercial minimum income. If there is any shortfall, it needs to be covered by 100% of the FFI income, ultimately allowing the owners to give the club what's needed to cover the wages, but this extra money must be committed before such players are signed. They don't want owners saying that they'll cover the wages, only to pull the plug in 12 months time. jono, Rammysees and LeedsCityRam 2 1 Link to comment Share on other sites More sharing options...
Tamworthram Posted June 4, 2023 Share Posted June 4, 2023 1 hour ago, ram59 said: I don't believe that it is. Revenue only includes regular money coming in through league games and commercial income and the 60% is based on this 'minimum' income. The Football Fortune Income is just that, 'fortunate income' over and above the minimum a club should expect over a season. This includes income from cup runs, tv fees, transfer profits, cup money distributions, parachute payments and also donations and cash injections from a number of sources. This money is extra, over and above the minimum and the EFL allow you to spend all of it on covering players' transfer fees and contracts. How I understand it is, you take the whole squads contracts added together and this should be covered by the 60% of the league and commercial minimum income. If there is any shortfall, it needs to be covered by 100% of the FFI income, ultimately allowing the owners to give the club what's needed to cover the wages, but this extra money must be committed before such players are signed. They don't want owners saying that they'll cover the wages, only to pull the plug in 12 months time. Apologies. You are correct. Woodley Ram 1 Link to comment Share on other sites More sharing options...
Ambitious Posted June 8, 2023 Share Posted June 8, 2023 It sounds like the race for Alfie May's signature has come to a conclusion - believe it or not, a League Two side in Gillingham apparently announcing the news tomorrow with their new shirt unveiling. Of course, it could be nonsense - but perhaps another potential signing to chalk off the board. Link to comment Share on other sites More sharing options...
Eoghan1884 Posted June 8, 2023 Share Posted June 8, 2023 17 minutes ago, Ambitious said: It sounds like the race for Alfie May's signature has come to a conclusion - believe it or not, a League Two side in Gillingham apparently announcing the news tomorrow with their new shirt unveiling. Of course, it could be nonsense - but perhaps another potential signing to chalk off the board. Football insider writer reckons it’s false Link to comment Share on other sites More sharing options...
Simmo’s left foot Posted June 8, 2023 Share Posted June 8, 2023 18 minutes ago, Ambitious said: It sounds like the race for Alfie May's signature has come to a conclusion - believe it or not, a League Two side in Gillingham apparently announcing the news tomorrow with their new shirt unveiling. Of course, it could be nonsense - but perhaps another potential signing to chalk off the board. That really does not not make any sense if true. Why would he go there? Link to comment Share on other sites More sharing options...
AndyinLiverpool Posted June 8, 2023 Share Posted June 8, 2023 5 minutes ago, Simmo’s left foot said: That really does not not make any sense if true. Why would he go there? He's from near there Link to comment Share on other sites More sharing options...
Ram1988 Posted June 8, 2023 Share Posted June 8, 2023 Would be an ideal signing for us, I hope we can get a deal sorted out. Link to comment Share on other sites More sharing options...
Woodley Ram Posted June 9, 2023 Share Posted June 9, 2023 this has all gone a bit quiet Link to comment Share on other sites More sharing options...
Simmo’s left foot Posted June 10, 2023 Share Posted June 10, 2023 On 09/06/2023 at 07:16, Woodley Ram said: this has all gone a bit quiet I think most people are on holiday, but activity will warm up shortly. Link to comment Share on other sites More sharing options...
TomTom92 Posted June 11, 2023 Share Posted June 11, 2023 (edited) Edited June 11, 2023 by TomTom92 Link to comment Share on other sites More sharing options...
Van der MoodHoover Posted June 11, 2023 Share Posted June 11, 2023 And who is Darren Witcoop? Is that a real name? SKRam and Chris_Martin 2 Link to comment Share on other sites More sharing options...
Caerphilly Ram Posted June 11, 2023 Share Posted June 11, 2023 (edited) 4 minutes ago, Van der MoodHoover said: And who is Darren Witcoop? Is that a real name? Sunday Mirror Sports writer. So could be genuine, could be clickbait/rumour, could be May is a target, could be that he isn’t. Edited June 11, 2023 by Caerphilly Ram Van der MoodHoover 1 Link to comment Share on other sites More sharing options...
inter politics Posted June 11, 2023 Share Posted June 11, 2023 Other than geographic reasons (and money), and I'm biased but see no other reason why players would choose anyone else at this level. Link to comment Share on other sites More sharing options...
Srg Posted June 11, 2023 Share Posted June 11, 2023 3 minutes ago, inter politics said: Other than geographic reasons (and money), and I'm biased but see no other reason why players would choose anyone else at this level. Hard to know exactly who we are actually after though. Carnero 1 Link to comment Share on other sites More sharing options...
inter politics Posted June 11, 2023 Share Posted June 11, 2023 2 minutes ago, Srg said: Hard to know exactly who we are actually after though. Very true Link to comment Share on other sites More sharing options...
Caerphilly Ram Posted June 11, 2023 Share Posted June 11, 2023 2 minutes ago, Srg said: Hard to know exactly who we are actually after though. That’s it for me, I’ve been intrigued by some of the names linked and would have been a fan of signing Roberts on a permanent deal. However, other than McGoldrick and Roberts, there’s been no real noise from the club and everything else could easily be just rumour and speculation without any real substance to it. Even Warne’s comments about Roberts were from late last season and included the caveat about what league we’d be in. I don’t get what it is that makes some people take those rumours as airtight fact then allow themselves to be let down and/or annoyed when it doesn’t happen. Ramarena and Wolfie 2 Link to comment Share on other sites More sharing options...
Millenniumram Posted June 11, 2023 Share Posted June 11, 2023 Is that another player set to turn Warne down and join somewhere else I see? Caerphilly Ram, Kernow, Wolfie and 1 other 1 3 Link to comment Share on other sites More sharing options...
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account.
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now