I think our wages have come down massively.
They have, they were on an upwards trajectory for a number of years, as they should be in any club wanting to succeed, but once the USM sanctions hit it was game over im afraid.
Our Wage bill wasnt an issue as such, its were it should have been for a club hoping to finish 7th or 8th, its when you finish 17th that it really hits home, not to mention the waste, so, so much waste.
Plus we also need to lower our wage bill for the new FFP rules, I doubt we see European football any time soon, but hey ho, we might as well pretend.
What are UEFAS new financial sustainability rules? What are the punishments for breaking the rules? When do the new rules start? Is everyone in favour of the new rules? Heres everything you need to know....
www.skysports.com
Given their name, it is no surprise that the key objective of the new regulations is to achieve financial sustainability. These will be achieved through three key pillars: solvency, stability, and cost control.
For solvency, the new no overdue payables (towards football clubs, employees, social/tax authorities, and UEFA) rule will ensure better protection of creditors. Controls will be performed every quarter and there will be less tolerance towards late payers.
The new football earnings requirements are an evolution of the existing break-even requirements and will bring greater ability to club finances. To ease the implementation for clubs, the calculation of football earnings is similar to the calculation of the break-even result. While the acceptable deviation has increased from €30m over three years to €60m over three years, requirements to ensure the fair value of transactions, to improve the clubs’ balance sheet, and to reduce debts have been significantly strengthened.
The biggest innovation in the new regulations will be the introduction of a squad cost rule to bring better cost control in relation to player wages and transfer costs. The regulation limits spending on wages, transfers, and agent fees to 70 per cent of club revenue. Assessments will be performed on a timely basis and breaches will result in pre-defined financial penalties and sporting measures. The new regulations will come into force in June 2022. There will be gradual implementation over three years to allow clubs the necessary time to adapt.