Soft, should have been fined plus made to start next season on -30 points. Level playing field n all that..
Relegation is the only punishment clubs will understand - fining clubs for financial irregularities is not the way to deal with it.
Until it’s automatic relegation and a points deduction for the next season, as well as more lengthy transfer embargo’s then clubs will continue to break the rules
22 million of that is director loans that will be written off . In reality they ve 20 million to pay over 10 years .
Who are these people who are running/ruining our sport? It makes you wonder what's going through their heads every day.
I don't know churton but to balance the debate, http://www.thisismoney.co.uk/money/...economy-Premier-League-tax-1bn-UK-season.html In 2011 the government recieved 1 billion in tax receipts , that figure will be much more now . So it begs the question , on a whole are foreign investors good for the UK as a whole , despite often breaking the rules ? Though we all often critisize the prem , and owners who will do anything to get there we all do benefit via the tax receipts of money often imported from other parts of the world . Just a thought.....
I agree there should be points deductions. As usual in the football world punishments don't match the crime. I doubt much real money will actually change hands here.
Is the question relating just to foreign ownership of football clubs, or investment from overseas in other industries too?
It's a fair point though I think we tend to let the numbers go to our heads. I remember during the brexit debate when they were discussing the 350 million a week that would stay in the UK and go to the NHS it was explained somewhere on the BBC that 350 mil is actually a pretty tiny amount in the breat scheme of our GDP. Although I wouldn't say no to it! I guess given the choice of paying 30 quid a month less for a Sky Sports subscription and ten less on every game at Oakwell and seeing that money go direct to the NHS etc I'd take it rather than pay the extra and have 25% go to the NHS while the rest sticks in the pockets of players and agents and TV companies. Unfortunately there's no way of doing that. What I do think in the QPR case and others is that the Football League can't really enforce their regulations. They know they're going to get dragged through the courts by the clubs at every instance and end up cutting their losses and virtually accepting what the clubs are willing to pay. I'd love the whole thing to be ripped up, a new League formed with draconian rules and some way found of making clubs sign up to the rules without recourse to cheating via the courts If they don't want to sign go play in their own league. I'm well aware this is a disjointed rant, lol. It's the same in every sport, the desire that's crept in with administrators that they HAVE to maximise revenue. I love golf. Played it for years. Now they're talking about shorter rounds, changing the game. Same in cricket, forever chasing crowds and grasping at shorter more bastardised rules of the game to get them. Now they're floating a 100 ball game. I don't want the sports I love ruined. If there's less people on a golf course or watching on tv, if the players make less cash...I don't care. I want to play 18 holes of golf and watch a Test match. Rant over
No two ways about it! Points deduction at the very least! There's an irony of fining a club for financial cheating!
I suppose the question could relate to other industries . An initial investment from overseas at no cost to UK residents and that that investment is taxed via wages etc , but any potential profits could exit the country.....
Its a good point, and I think it doesn't so much come down to a broad brush "foreign investment" but the people involved and the reason for doing it. And more of late, like we may find, buying a high profile club has been used as a way of mitigating costs in other countries and obtaining leveraged sponsorship. More widely, and it feels like its increased since the credit crunch/recession of 2008, that more of our British owned companies have been acquired, and more and more production, manufacturer, delivery is being farmed more globally. Cadbury feels a prime example. Promises galore, and now most, if not all products (with completely changed recipes) being produced in Poland. And last I heard a year or so ago, they hadn't paid tax in the Uk since the acquisition by Craft and the Mondelez set up, and a token Bourneville plant wound down more over time. What I don't really understand is why there are so many very wealthy people all willing to come to the UK and just pour money away on football clubs. if I had billions of pounds, unless the club was on the brink of extinction, the last thing I'd do is buy a football club. Unless you acquire one of the big big clubs, I'm not sure what decent profit can be generated, and even the huge clubs are getting to the stage where corporate acquisitions are potentially the only way they could be affordable. Will we get to that point I wonder? Amazon United versus Samsung Rovers?
T There must be many money laundering initiatives as well as tax loopholes from all over the globe . Tbh I don’t think Roman a d friends will be out of pocket do you ?
Interesting since he bought Chelsea, his personal wealth has fallen. Don't quote me but I thought it had almost halved from its peak. Still obscenely wealthy, but if he were now to try and buy a Chelsea, Man U, or Man City.... would he actually have sufficient capital to do so?
I believe they should have had to pay this immediately, they have had a number of years preparing their case. Don't forget the Club was once owned by 3 Billionaires at the time of this offence starting. They have been treated leniently,with not even a points deduction, just a 1window transfer ban. Shocking.