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Financial Fair Play (FFP)

Rockabilly

GAFF LAD. "Open your knees and feel the breeze"
EvNtyNj.jpg
Brilliant!!!! :ROFLMAO: :ROFLMAO: :ROFLMAO: :ROFLMAO: :ROFLMAO: :ROFLMAO: :ROFLMAO:
 
As far as I can see, there are 3 possibilities with this, ith the odd knock-on effect potentially also possible.
  • PL approve this transaction in full and it remains £90m loss ore tax but crucially leaves the door open to do it again by end of June.
  • PL hire an Independent Valuer and they come back with a lower Valuation. This if upheld may or may not tip into default for 3 Years ending in 2022-23 but would add to the deficit for the current season and potentially next season.
  • PL find a way and it is excluded from the calculations wholly.
If it is 1) Then perhaps they will in conjunction with sales repeat the trick. Crucially this leaves the door open to others to explore same.

If it is 2) Then similar but riskier given Fair Value Tests.

If it is 3) Chelsea almost certainly fail to 2023 and have a £76m worse problem than planned to 2024 minimum and it prevents clubs such as Aston Villa or whoever.

Leicester are another interesting angle as I am sure they would love to do the same to assist/enable compliance to this season but they can't of course as the League shut that loophole for Fixed Assets in Summer 2021..and the rather left-field one of Shares in a company that owned property within the Group that Reading tried, this was shut by Summer 2023.
 

I'm Red Till Dead

Stuart Pearce
But your example compares oranges with oranges, what will AI make of it 🤔

You’re gonna break the internet! Power down POWER DOWN!!
That's my point.

The page I found was mistakenly comparing oranges with oranges rather than with tangelos.

If the AI system can't realise this then as oranges have more vitamin A than oranges, it could decide that oranges also have less vitamin A than oranges, decide less = more and more = less and disappear in a puff of logic. :)
 
That's my point.

The page I found was mistakenly comparing oranges with oranges rather than with tangelos.

If the AI system can't realise this then as oranges have more vitamin A than oranges, it could decide that oranges also have less vitamin A than oranges, decide less = more and more = less and disappear in a puff of logic. :)
😂 Where does that leave tangerines though?
 

Redemption

Chief Eye Roller
I was just scrolling through the thread and the orange diversion and in amongst the lunacy this essay from our chief Bristolian. Oblivious 😆
As far as I can see, there are 3 possibilities with this, ith the odd knock-on effect potentially also possible.
  • PL approve this transaction in full and it remains £90m loss ore tax but crucially leaves the door open to do it again by end of June.
  • PL hire an Independent Valuer and they come back with a lower Valuation. This if upheld may or may not tip into default for 3 Years ending in 2022-23 but would add to the deficit for the current season and potentially next season.
  • PL find a way and it is excluded from the calculations wholly.
If it is 1) Then perhaps they will in conjunction with sales repeat the trick. Crucially this leaves the door open to others to explore same.

If it is 2) Then similar but riskier given Fair Value Tests.

If it is 3) Chelsea almost certainly fail to 2023 and have a £76m worse problem than planned to 2024 minimum and it prevents clubs such as Aston Villa or whoever.

Leicester are another interesting angle as I am sure they would love to do the same to assist/enable compliance to this season but they can't of course as the League shut that loophole for Fixed Assets in Summer 2021..and the rather left-field one of Shares in a company that owned property within the Group that Reading tried, this was shut by Summer 2023.
 

Notcher

Stuart Pearce
As far as I can see, there are 3 possibilities with this, ith the odd knock-on effect potentially also possible.
  • PL approve this transaction in full and it remains £90m loss ore tax but crucially leaves the door open to do it again by end of June.
  • PL hire an Independent Valuer and they come back with a lower Valuation. This if upheld may or may not tip into default for 3 Years ending in 2022-23 but would add to the deficit for the current season and potentially next season.
  • PL find a way and it is excluded from the calculations wholly.
If it is 1) Then perhaps they will in conjunction with sales repeat the trick. Crucially this leaves the door open to others to explore same.

If it is 2) Then similar but riskier given Fair Value Tests.

If it is 3) Chelsea almost certainly fail to 2023 and have a £76m worse problem than planned to 2024 minimum and it prevents clubs such as Aston Villa or whoever.

Leicester are another interesting angle as I am sure they would love to do the same to assist/enable compliance to this season but they can't of course as the League shut that loophole for Fixed Assets in Summer 2021..and the rather left-field one of Shares in a company that owned property within the Group that Reading tried, this was shut by Summer 2023.
Are you by any chance the same Bristol fan that was posting on the Derby forum but because it was sound knowledge you got absolute pelters for it?

You're a bit of a legend if so. You made our infamous "ze list*.
 
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Statto

Free Kick Specialist
Are you by any chance the same Bristol fan that was posting on the Derby forum but because it was sound knowledge you got absolute pelters for it?

You're a bit of a legend if so. You made our infamous "ze list* if so.
Have to agree, I do enjoy reading @BristolfaninPeace's contributions on this subject especially.
 

Flaggers

May not be the best moderator on LTLF, but he's...
LTLF Minion

valspoodle

Steve Chettle
This all reminds me of many years ago. I was sitting in the sun, under the statue of Ferdinand de Lesseps at the top of the Suez Canal, eating tangerines straight from the tree and all my contemporaries were under rationing at home. We also had Jaffa oranges dropped off the Trans Palestine railway trains which ran near our house (this was before Israel was formally constituted in 1948).

For those too young to remember or just too young it was a Welfare Food Scheme supplying cod liver oil, concentrated orange juice and vitamin tablets. Started early in the War and didn't finish until 1954.
 

enlightened

First Team Squad
I see there is to be some sort of protest arranged for the Man City game against the increased ticket prices. I would rather see a Forza display that emphasises the fact that 'small' clubs get charged with FFP irregularities and 'big' clubs are treated differently. Embarrass the EPL as much as we can.
 

Redemption

Chief Eye Roller
We just need to find ways to bring more money in. That's how you solve FFP. RAISE PRICES, SELL ASSETS.
 

Flaggers

May not be the best moderator on LTLF, but he's...
LTLF Minion
Blimey. You know it's bad when people start agreeing with Talk sport
 

Ian Moore Gone Little

First Team Squad
That's my point.

The page I found was mistakenly comparing oranges with oranges rather than with tangelos.

If the AI system can't realise this then as oranges have more vitamin A than oranges, it could decide that oranges also have less vitamin A than oranges, decide less = more and more = less and disappear in a puff of logic. :)
You are Douglas Adams and I claim my Pan-galactic Gargleblaster. 😉
 
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