comment by Lexington 125.2 (U8879)
posted 1 minute ago
comment by Robbing Hoody - Legacy Fan (U6374)
posted 17 seconds ago
comment by Lexington 125.2 (U8879)
posted 8 minutes ago
If you believe this really has anything to do with FFP, then... just wow.
----------------------------------------------------------------------
Of course it's to do with FFP. It literally says that in the statement
----------------------------------------------------------------------
So... you believe everything that’s said in statements then?
Ahhh, clears things up.
----------------------------------------------------------------------
Sso they didn't mean what they stated in their statement and their real statement wasn't in their statement?
https://www.theguardian.com/football/2016/jul/04/spanish-football-clubs-repay-tens-millions-illegal-state-subsidies-brussels?CMP=Share_iOSApp_Other
But you know, ‘La Liga concerned about FFP (all of a suddenly)’ so... 👏🏼
comment by it'sonlyagame (U6426)
posted 15 minutes ago
comment by Lexington 125.2 (U8879)
posted 1 minute ago
comment by FootyMcfootfoot (U21853)
posted 9 minutes ago
La liga know they're screwed. Their two top teams are what drives traffic to their league and they are constantly over spending. They also know the gulf will only force them teams to want to break away even more so I kinda get their frustration in ways.
Obviously if they managed their teams more responsibly in the first place and didn't allow them to acrue monstrous debt it could've avoided most of this. In terms of $ generated barca and Madrid make a fortune.
Short term over spending, and spending badly, is something clubs have to pay the consequences for. Even if psg/city/Chelsea have blank cheques and advertising revenue is questionable that isn't the reason them the two Spanish giants are a financial shambles.
Is an argument for them 3 clubs, even Newcastle in the future, operating on a different level to other clubs, but the Spanish team's can't blame that for their own bad practices. Unfair competing against them maybe. The reason barca/madrid spent badly, no chance.
----------------------------------------------------------------------
Indeed. Real and Barca have historically been given free rein to completely overspend, without sanction from La Liga. And now when things are no longer going their way, they’re suddenly questioning the spending of a club from outside their jurisdiction?
Laughable really.
----------------------------------------------------------------------
For a number of years now, and unlike any other of the big leagues, LaLiga establishes an annual salary cap for all of its clubs, based on each club's revenues and expenditures.
Barcelona had the largest wage bill in the game, but also the largest revenues, so despite operating near their limit, were still within the limits of the sustainability rules. The problem they had, and that some analysts had warned about, was that too much of their debt was short term.
And then, Covid. Barça's debt spiralled and they were unable to meet the salary cap.
It was LaLiga's salary cap, and not their actual debt, that prevented them from signing Messi to a new deal and has forced them to cut back so severely on wages in the short term.
Their debt is still a problem, obviously, and they are still working to restructure it, but last I read was that rating agencies had actually maintained their credit rating and they were being backed by JPMorgan.
Madrid are by no means in the same situation. They were actually one of the very few clubs who didn't even post a negative P&L statement over Covid. They've been comparatively frugal in the transfer market for years, and also got a number of high earners off their books in recent seasons (Bale coming off too this year), which means their situation isn't even remotely similar to Barça's. They're in remarkably good financial shape. Their main debt is long term, since they took out a 700M loan for the stadium redevelopment, but they've got something like 30 or 40 years to repay it, and for most of that time the funds will actually come from the increased stadium revenues.
----------------------------------------------------------------------
this
https://www.theversed.com/32754/real-madrids-success-was-expensed-by-the-spanish-government/#.kyKwQmuyia
That 👏🏼
comment by Lexington 125.2 (U8879)
posted 21 minutes ago
https://www.theversed.com/32754/real-madrids-success-was-expensed-by-the-spanish-government/#.kyKwQmuyia
That 👏🏼
----------------------------------------------------------------------
pathetic article that
Madrid City Council overpaid for one of the plots of land when Madrid sold their old training ground over 20 years ago = Madrid are a "state funded club"
It's really pathetic
Strange bug I'm encountering here...let's try again...
Really, Lex? You're smart enough to know as far as indictments go, that one in the Guardian article is pretty weak. You don't think that after taking almost 20 years to end up saying the valuation was off by less than 10% doesn't sound very much like saying, "Look, we need to find some way to save face here, please accept this fine (and we'll find one way or other to return the favour somewhere down the line)"?
I mean, the extent of the wrongdoing must have been absolutely massive they were fined the equivalent of about 6 months of Gareth Bale's wages, right?
That same article states that Valencia alone received more than that in undue loans.
Also, who the actual fack is "Dodgy" Joe Randall?
All that aside, Tebas is a horrible fascist toad and the notice just makes LaLiga sound like a bunch of crybabies.
comment by Boca Seniors (U19731)
posted 8 hours, 28 minutes ago
They did a dodgy deal in 1996 with the local council and sold the training ground for an inflated price. It was later investigated by the EC.
Before that the royal family poured money in the club via dubious channels.
----------------------------------------------------------------------
Way back in the day prior to a cup final Barca had a General visit them in the changing room telling them the Franco wanted them to know how lucky they were to be able to play Real in the final and not be in the army. Real won something like 7 0. But no Real never cheat.
comment by bomdia (U13941)
posted 24 minutes ago
comment by Boca Seniors (U19731)
posted 8 hours, 28 minutes ago
They did a dodgy deal in 1996 with the local council and sold the training ground for an inflated price. It was later investigated by the EC.
Before that the royal family poured money in the club via dubious channels.
----------------------------------------------------------------------
Way back in the day prior to a cup final Barca had a General visit them in the changing room telling them the Franco wanted them to know how lucky they were to be able to play Real in the final and not be in the army. Real won something like 7 0. But no Real never cheat.
----------------------------------------------------------------------
Or something like that.
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LaLiga statement on Mbappe deal
Page 3 of 3
posted on 22/5/22
comment by Lexington 125.2 (U8879)
posted 1 minute ago
comment by Robbing Hoody - Legacy Fan (U6374)
posted 17 seconds ago
comment by Lexington 125.2 (U8879)
posted 8 minutes ago
If you believe this really has anything to do with FFP, then... just wow.
----------------------------------------------------------------------
Of course it's to do with FFP. It literally says that in the statement
----------------------------------------------------------------------
So... you believe everything that’s said in statements then?
Ahhh, clears things up.
----------------------------------------------------------------------
Sso they didn't mean what they stated in their statement and their real statement wasn't in their statement?
posted on 22/5/22
https://www.theguardian.com/football/2016/jul/04/spanish-football-clubs-repay-tens-millions-illegal-state-subsidies-brussels?CMP=Share_iOSApp_Other
posted on 22/5/22
But you know, ‘La Liga concerned about FFP (all of a suddenly)’ so... 👏🏼
posted on 22/5/22
comment by it'sonlyagame (U6426)
posted 15 minutes ago
comment by Lexington 125.2 (U8879)
posted 1 minute ago
comment by FootyMcfootfoot (U21853)
posted 9 minutes ago
La liga know they're screwed. Their two top teams are what drives traffic to their league and they are constantly over spending. They also know the gulf will only force them teams to want to break away even more so I kinda get their frustration in ways.
Obviously if they managed their teams more responsibly in the first place and didn't allow them to acrue monstrous debt it could've avoided most of this. In terms of $ generated barca and Madrid make a fortune.
Short term over spending, and spending badly, is something clubs have to pay the consequences for. Even if psg/city/Chelsea have blank cheques and advertising revenue is questionable that isn't the reason them the two Spanish giants are a financial shambles.
Is an argument for them 3 clubs, even Newcastle in the future, operating on a different level to other clubs, but the Spanish team's can't blame that for their own bad practices. Unfair competing against them maybe. The reason barca/madrid spent badly, no chance.
----------------------------------------------------------------------
Indeed. Real and Barca have historically been given free rein to completely overspend, without sanction from La Liga. And now when things are no longer going their way, they’re suddenly questioning the spending of a club from outside their jurisdiction?
Laughable really.
----------------------------------------------------------------------
For a number of years now, and unlike any other of the big leagues, LaLiga establishes an annual salary cap for all of its clubs, based on each club's revenues and expenditures.
Barcelona had the largest wage bill in the game, but also the largest revenues, so despite operating near their limit, were still within the limits of the sustainability rules. The problem they had, and that some analysts had warned about, was that too much of their debt was short term.
And then, Covid. Barça's debt spiralled and they were unable to meet the salary cap.
It was LaLiga's salary cap, and not their actual debt, that prevented them from signing Messi to a new deal and has forced them to cut back so severely on wages in the short term.
Their debt is still a problem, obviously, and they are still working to restructure it, but last I read was that rating agencies had actually maintained their credit rating and they were being backed by JPMorgan.
Madrid are by no means in the same situation. They were actually one of the very few clubs who didn't even post a negative P&L statement over Covid. They've been comparatively frugal in the transfer market for years, and also got a number of high earners off their books in recent seasons (Bale coming off too this year), which means their situation isn't even remotely similar to Barça's. They're in remarkably good financial shape. Their main debt is long term, since they took out a 700M loan for the stadium redevelopment, but they've got something like 30 or 40 years to repay it, and for most of that time the funds will actually come from the increased stadium revenues.
----------------------------------------------------------------------
this
posted on 22/5/22
https://www.theversed.com/32754/real-madrids-success-was-expensed-by-the-spanish-government/#.kyKwQmuyia
That 👏🏼
posted on 22/5/22
comment by Lexington 125.2 (U8879)
posted 21 minutes ago
https://www.theversed.com/32754/real-madrids-success-was-expensed-by-the-spanish-government/#.kyKwQmuyia
That 👏🏼
----------------------------------------------------------------------
pathetic article that
Madrid City Council overpaid for one of the plots of land when Madrid sold their old training ground over 20 years ago = Madrid are a "state funded club"
It's really pathetic
posted on 22/5/22
posted on 22/5/22
posted on 22/5/22
posted on 22/5/22
Strange bug I'm encountering here...let's try again...
Really, Lex? You're smart enough to know as far as indictments go, that one in the Guardian article is pretty weak. You don't think that after taking almost 20 years to end up saying the valuation was off by less than 10% doesn't sound very much like saying, "Look, we need to find some way to save face here, please accept this fine (and we'll find one way or other to return the favour somewhere down the line)"?
I mean, the extent of the wrongdoing must have been absolutely massive they were fined the equivalent of about 6 months of Gareth Bale's wages, right?
That same article states that Valencia alone received more than that in undue loans.
Also, who the actual fack is "Dodgy" Joe Randall?
posted on 22/5/22
All that aside, Tebas is a horrible fascist toad and the notice just makes LaLiga sound like a bunch of crybabies.
posted on 22/5/22
comment by Boca Seniors (U19731)
posted 8 hours, 28 minutes ago
They did a dodgy deal in 1996 with the local council and sold the training ground for an inflated price. It was later investigated by the EC.
Before that the royal family poured money in the club via dubious channels.
----------------------------------------------------------------------
Way back in the day prior to a cup final Barca had a General visit them in the changing room telling them the Franco wanted them to know how lucky they were to be able to play Real in the final and not be in the army. Real won something like 7 0. But no Real never cheat.
posted on 22/5/22
comment by bomdia (U13941)
posted 24 minutes ago
comment by Boca Seniors (U19731)
posted 8 hours, 28 minutes ago
They did a dodgy deal in 1996 with the local council and sold the training ground for an inflated price. It was later investigated by the EC.
Before that the royal family poured money in the club via dubious channels.
----------------------------------------------------------------------
Way back in the day prior to a cup final Barca had a General visit them in the changing room telling them the Franco wanted them to know how lucky they were to be able to play Real in the final and not be in the army. Real won something like 7 0. But no Real never cheat.
----------------------------------------------------------------------
Or something like that.
Page 3 of 3