WestStandLower
Player Valuation: £1.5m
FFP should have been about one thing and one thing only debt. That’s how it was sold in the first case but all that’s happened is debts are getting bigger and yes we had colossal debts to RA but all those were built up whilst FFP was in operation. It should never have been allowed .It does highlight the ridiculous nature of the rules
If it’s about profit, then holding off on the sale was the right decision
The whole, It’s us against Forest and what about City, Chelsea etc just deflects from the fact that these rules are not doing what they are designed to do, City aren’t in danger and don’t need saving from themselves, Moshiri and City have in effect brought money into the game whereas the Glasiers are taking money out by leveraging the asset for debt. The rules don’t work.
The most important thing is sporting competition is competition & the Premiership League since its inception has made football uncompetitive
I expect it’s been missed by many but Arsenal have in the last couple of days published their accounts they show a a loss of £52.1 million that’s the 5th year in a row they have posted losses 21/22 £45.5, 20/21£ 107.3 19/20 £47.8 18/19 27.1
their debts are now £748.5 milion. Creditors and cash on hand totalled £148 million
Of course Arsenals existence isn’t in jeopardy but their debts have grown like topsy from a position around 10 years where their assets exceeded liabilities to a position where they have a nett debt of £600 million.