bizzaro
LOVE GOT JUST THE WAY IT IS #ALWNV
In case you missed it. 
Can't quite remember who said about FFP. Who ever it was they knew their stuff.
FFP still here @MoutsGoat .
Probably contributed to having brought us Moshiri
https://www.theguardian.com/football/2016/may/25/financial-fair-play-premier-league-profit
Premier League clubs make record £3.4bn with help from FFP regulations
• Figures show 14 of division’s 20 clubs made a profit in 2014-15
• FFP regulations have transformed finances and attracted investors
David Conn
Wednesday 25 May 2016 20.47 BST
Premier League clubs generated a record income of almost £3.4bn last year, with 14 of the 20 clubs making a profit, the Guardian’s analysis of their most recently published accounts has revealed.
The improvement in the clubs’ finances, after years of paying too much to players in wages and making losses despite the Premier League’s huge television rights and other income, is the result of clubs having finally agreed to introduce financial fair play regulations in 2013.
The regulations, which restrict clubs’ losses to £35m a year if bankrolled by an owner and cap the amount of new TV income permitted to be spent on players’ wages, immediately transformed clubs’ balance sheets. In the final season before financial fair play was introduced, 12 of the 20 clubs made a loss, and the world’s richest football league recorded a total overall loss of £291m. Caused mostly by excessive spending on players’ wages despite the bonanza from TV rights and eyewatering ticket prices, that loss turned into a total £198m profit in 2013-14.
Last year, 2014-15, the most recent for which the clubs have published accounts, the league made an overall profit of £113m on a record income of £3.4bn. The fall was predominantly due to relatively heavy losses made by Chelsea, Sunderland, Queens Park Rangers and Aston Villa.
The financial regulations have been renewed for the next three-year period, 2016-19, covering new TV deals that are expected to exceed £8bn, launching Premier League clubs on to another level of wealth beyond any other league.
In 2014-15, the total spending on wages was slightly up on 2013-14, from £1.9bn, 57.5% of the clubs’ income, to £2bn, 60% of income. The vast majority of this spending was on players’ wages rather than on clubs’ other employees, although some senior staff are increasingly well paid. Eleven of the clubs handed their highest-paid director more than £500,000. The Tottenham Hotspur chairman, Daniel Levy, was the highest-paid executive last year, with a total package of £2.61m, including salary and bonuses.
The 60% figure for spending on wages, although still huge for players fortunate to be playing in football’s pay-TV boom era, is significantly down on the excessive spending of previous years. In 2009-10, the year Portsmouth became the only Premier League club to collapse into administration, wages were 68% of income and clubs made a record loss overall of £445m.
Can't quite remember who said about FFP. Who ever it was they knew their stuff.
FFP still here @MoutsGoat .
Probably contributed to having brought us Moshirihttps://www.theguardian.com/football/2016/may/25/financial-fair-play-premier-league-profit
Premier League clubs make record £3.4bn with help from FFP regulations
• Figures show 14 of division’s 20 clubs made a profit in 2014-15
• FFP regulations have transformed finances and attracted investors
David Conn
Wednesday 25 May 2016 20.47 BST
Premier League clubs generated a record income of almost £3.4bn last year, with 14 of the 20 clubs making a profit, the Guardian’s analysis of their most recently published accounts has revealed.
The improvement in the clubs’ finances, after years of paying too much to players in wages and making losses despite the Premier League’s huge television rights and other income, is the result of clubs having finally agreed to introduce financial fair play regulations in 2013.
The regulations, which restrict clubs’ losses to £35m a year if bankrolled by an owner and cap the amount of new TV income permitted to be spent on players’ wages, immediately transformed clubs’ balance sheets. In the final season before financial fair play was introduced, 12 of the 20 clubs made a loss, and the world’s richest football league recorded a total overall loss of £291m. Caused mostly by excessive spending on players’ wages despite the bonanza from TV rights and eyewatering ticket prices, that loss turned into a total £198m profit in 2013-14.
Last year, 2014-15, the most recent for which the clubs have published accounts, the league made an overall profit of £113m on a record income of £3.4bn. The fall was predominantly due to relatively heavy losses made by Chelsea, Sunderland, Queens Park Rangers and Aston Villa.
The financial regulations have been renewed for the next three-year period, 2016-19, covering new TV deals that are expected to exceed £8bn, launching Premier League clubs on to another level of wealth beyond any other league.
In 2014-15, the total spending on wages was slightly up on 2013-14, from £1.9bn, 57.5% of the clubs’ income, to £2bn, 60% of income. The vast majority of this spending was on players’ wages rather than on clubs’ other employees, although some senior staff are increasingly well paid. Eleven of the clubs handed their highest-paid director more than £500,000. The Tottenham Hotspur chairman, Daniel Levy, was the highest-paid executive last year, with a total package of £2.61m, including salary and bonuses.
The 60% figure for spending on wages, although still huge for players fortunate to be playing in football’s pay-TV boom era, is significantly down on the excessive spending of previous years. In 2009-10, the year Portsmouth became the only Premier League club to collapse into administration, wages were 68% of income and clubs made a record loss overall of £445m.
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