Sorry, We REALLY Need To Talk About FFP
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- Опубліковано 12 кві 2024
- Some people are already referring to the current Premier League campaign as an asterisk season, following points deductions for Nottingham Forest and Everton, and 115 charges still lingering over Manchester City.
Having gone under the radar for more than ten years, all of a sudden UEFA's Financial Fair Play regulations, or FFP, and the Premier League's Profit and Sustainability rules, or PSR, are suddenly all that anyone wants to talk about.
So in this video, HITC Sevens takes a deep dive into the origin of football's financial regulations, the narrative that now surrounds them, and whether or not that narrative is rooted in fact.
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Technically it was to prevent another Leicester.. but not the title winning Leicester, the one that went bankrupt and ended up being owned by an insane arms dealer.
Who's the insane arms dealer? I thought you guys worshipped your owners like gods?
@@kieronparr3403 A different owner
@@kieronparr3403 So it's a bit of a weird story, the guy was Milan Mandaric who owned Pompey before selling it to an insane arms dealer, using the money to buy Leicester after they went bankrupt in the 00s. So technically Mandaric wasn't the arms dealer, he just sold Pompey to one.
I thought it was Portsmouth who went bankrupt after being passed between oligarchs and their sons, reality TV stars, arms dealers and a bloke who may not have even existed
Though I think what people go on about with "prevent another Leicester" is something else. As I understand it, at some point in the late 2010s just after Leicester won the league, I feel like I heard there was a tweak to the central payment structure that gave top-end clubs more money from the PL prize pot. There's a book called The Club, which I recommend as it's very good, about the history of the Premier League and it mentioned shortly after Leicester won the league that a load of big six execs had a meeting in New York to see how they could tweak things more in their favour
The same Leicester that also broke the rules when promoted later, 4 years to punish them then were fined an impressive 4 million after raking in all that TV money. That was the one that won the EPL, they cheated then as well. This season lets buy and loan players that they cannot afford to get an advantage on over 20+ teams - its cheating and we know if it was other teams, the book would have been thrown at them. Its corruption and it stinks and English football is rife with it.
Everton is surely the biggest thing stopping Everton challenging for Europe, not FFP.
Buying overpriced players and giving them too high wages is their problem. Man utd can get away with it because they are huge. Everton not so much.
yeah it's no secret that Everton have been just about the worst run club in the Premier League in the past seasons. Fans should be directing their outrage at the owner, not the league.
exactly my point, man city never get deducted because they have been playing champions league and winning them as well which bring many commercial deal and broadcasting revenue which the likes of revenue everton never had cause they never reached where man city is today
@@maciejbala477 We have
@maciejbala477 our owner is actively looking to sell directly because of the fan outrage though, we now have excess fan outrage to direct at whoever wants it.
WOOO FINANCES LETS GOOOO i hope there are charts
Love charts🤩
Graphs > charts
oh yeah baby, show me that excel sheet
Seeing numbers get me a bit horny.
It's porn for you isn't it
No idea about how FFP works, I just want to see Man City relegated to League 2 as punishment
Jelly
Your comment perfectly describes the mentality of a Man City hater. And the pride that comes with that ignorance.
Like it or not, Man City is the best team in the world. The real Manchester is 💙
@@DrDiabolical000 best club in the world? You would expect a club with limitless money to atleast be the best club in the world.
@@DrDiabolical000 you must be a plastic calling the real manchester blue. Im not a United fan but the the real manchester is red and will allways be that. City is nothing but a dirty oil cheating club.
@@DrDiabolical000 no one's denying that they're the best team in the world, it's about how they became that
"wait, are we the Italians?" Unexpected
The idea that FFP was set up to protect the Big Six obviously isn't the case, but you can't argue that is not what's happening now.
@CharlieyT95
It was set up to protect the big four from clubs like man city.
All the sympathy in the world with the fans of the teams that have been punished.
None with the teams. They knew the rules, they broke it. Try that in the North America with the salary caps. Teams have been punished severely for just trying to *circumvent* it by smart accounting but not outright break it. I think if you try to break it, they'll just demolish the stadium or something.
Just because Man City's web of lies takes many years to investigate doesn't mean everyone else should be off the hook. I hope City has the book thrown at them eventually.
yeah and if they wanted to they could band together to repeal the damn thing, but they know another portsmouth is inevetible if they dont regulated so they have to shut up and deal with it, city on the other hands seems to have god tier lawyers and friends in sporting court, but that’s another topic that is largely out of anyone’s control
@@duyanhng8430agreed
North America? Try Italy for starters. Juventus docked 15 points for accounting breaches that were insignificant compared to City's and Chelsea's.
You dont have to go to North America. Italian Federation have been so scarred by corruption, I am pretty sure if the owners even dream about spending big money that might hint at shoddy finances in their sleep, their teams will get a point deduction by the time they wake up the next day.
I used to have sympathy for the fans, but too often they've been turning a blind eye while the spending has been going on. It's hard to care about Derby fans who were cheering on their owner for getting around FFP penalties while their spending was unsustainable for example. When a team goes in to administration it's not the footballers etc who lose out, it's the local businesses the clubs had dealings with who then get stiffed on their bills, not to mention the tax authorities.
Goated intro once again. Big up Alfie.
I feel like you're one of few who talks with your head instead of your heart.
No sensational headlines, only history and facts. It's refreshing in this space, I think you're well aware.
Much love
If FFP was genuinely about fair competition then it would be in the form of a salary cap. This would stop the big boys outspending little teams and make players more accountable when trousering huge salaries. It's not perfect but it would be fairer.
May not be legal. What would be legal would be a squad salary and purchase cap. Squad is only allowed 25 players and you have X amount to spend on wages and bonuses in any given season, plus you are only allowed to spend Y on transfers and agent fees on the entire squad.
It isnt about "Fair competition". What does that even mean? Its to stop clubs from bleeding money.
@@user-fd3hd3yy3x It's why the new names make more sense like PSR. FFP made it sound like it was meant to affect the competitive balance. More needs to be done about competitive balance, but I'm not sure anyone would like a solution since to me at least a huge problem is the Champion's League money creating a feedback loop that tends to privilege a few teams in each top division and leaves the rest behind...
@@MichaelGGarry That's basically what a salary cap is.
What the tweets say may be contentious to some, but those Twitter handles are universal gold
Cannot wait to see how he works this around Further Adu
An absolute disgrace of a video here. Freddie Adu didn't get mentioned once. This channel is going downhill fast!!!
@@sullenskulls9709 did Watmore got mentioned
He worked in Shaw like a champ, though!
@@sullenskulls9709he’s gone woke 😡
@@Thrill_HouFreddy Adu’s career didn’t pan out because of WOKE 😤
Farhad Moshiri and Bill Kenwright have done permanent damage to Everton. These 2 have done more damage to Everton than anyone else combined. This is why I think even naming a stand after Kenwright is incontrovertible. Our prospective new owners are even worse than this!
that intro speech was a hell of a ride
Seeing anything FFP or PSR related always triggers me as a Portsmouth fan as it just brings back memories of that horrible season where the club was failed by the Premier League in the biggest possible way. There were no real protections in place to stop dodgy owners from buying clubs and then walking away leaving them with nothing....the fact that owners have to secure debt against themselves( I think Alfie said that in the video) and prove they are "good for it" is exactly what was needed, if that was in place back then....then Sulaiman Al Fahim would never have been able to take charge with his wifes money and we are possible talking about Portsmouth being a two time FA Cup winner in 3 seasons(I can dream :p). But I look back at Portsmouth now....owned by a legit billionaire, still in League 1 granted(possibly going up today if results go our way), operated the same way as a proper business with the majority of losses being due to improvements to the stadium and an actual training center owned by the team and I cannot be happier. Thank you to Michael Eisner for building on the hard work of the Portsmouth Supporters Trust(which saved the club) and also for being so transparant about what is going on.
Exactly mate. Winds me up when City or Newcastle fans insist that if not for financial regs, every smaller club out there in England just needs to wait for a billionaire custodian to come in, hold their hand and walk them into the path of glory.
What the last 20 years has only proved, is that the only owners out there capable of reliably bankrolling glory for newcomer big time clubs, are murky authoritarian governments like Saudi Arabia and the UAE, and uber wealthy individuals like Roman Abramovich who made their lot through their own murky means. These entities don't do for profit, they do it separate reasons like personal glory or geopolitical strategy. Roman had that goldilocks combination of ambition, passion and competence, which is a very rare thing and why Chelsea were so lucky in hindsight. It could have easily been someone else, with whom they'd be no better off. And even if someone like Roman lands on your football club, they tend to come with so much murky baggage that sh*t could suddenly hit the fan at any time, I.e. The Ukraine War, and jeapordise your club. Look at Chelsea now...a mere shadow of what they used to be.
The entities out there who do it for money, like FSG, simply don't have the comparable resources to finance what Abu Dhabi or Roman invested. If they did expend the same 'investment', they'd lose money and go broke.
So that just leaves you with the rest, your Hicks & Gillets, your Usmanovs, your Gaydamaks, and more, whom are walking representations of Russian Roulette with 4 loaded barrels.
It just doesn't work and that's why financial regs were introduced, because it seems that these football clubs and fans don't actually know what's best for them, and need to be protected from themselves. Because with the greatest of respect to these football fans, they're simple, basic men with no financial literacy and no understanding of how all of this works.
@@nichobee I think the saddest thing is Tottenham - they would seem to be an example of a club building everything in the right way, but even they have no chance of competing with the clubs funded by the super-rich. It's scary though how fans equate owner's wealth with a club asset - they seem to think that subsidy is OK, and maybe it is until it gets withdrawn and the club has to make up the shortfall. Not to mention how the same fans calling for clubs to spend more then get upset when ticket prices go up to try and cover some of the costs of the salaries...
I'm an Everton fan, and I would have been absolutely fine with the points deductions if there was any level of consistency. There's talk of replacing them with a luxury tax, conveniently just before Chelsea and City are actually punished, and the second two point deduction just genuinely baffles me.
I'm an Everton fan too and have never seen an explanation of how we got sanctioned twice in one season?What the second one was for?
@@mattjames6349 For two different 3 year periods? That was obvious.
The last 15 years have been asterisk years at this point
I am still only 12 years old, the past 15 don't count!
And abelisk
More like the entire history of the sport
I’ve just started reading the asterisk books again, they’re fantastic.
You don’t have to recognise our achievements. We just won’t recognise your clubs achievements 😉
I reckon the 20 teams of the Premier League should combine with the 72 teams of the 3 levels below to create a super english league with four different levels according to their performance, with promotions and relegations. A percentage of the money generated by these 92 clubs are placed into a kitty which is then distributed equally among the 92 clubs.
We can call it "The Football League".
There will be name changes too. "The Premier League" will be renamed "1st Division", the "Championship" will be renamed "2nd Division", "League One" will be renamed to "3rd Division", and "League Two" will be renamed "4th Division".
Think Prem should establish a luxury tax where if teams like City break FFP rules they should be fined heavily and the money used should be distributed to the rest of the teams in the league.
Please definitely do a follow up video on possible suggestions. The depth of your investigations, the quality of your delivery and your dry, dark humor makes your videos incredible, and I'd definitely like to see you go more in-depth into that topic.
Man, this video absolutely killed it! There's so much public clamour it's bound to get 10k likes. Might as well make the follow up now Alfie mate. Stay ahead of the curve and all that.
Amazing video my man. Done ur research, and explains it on an understandable level which is no easy task - thank you!
I think the core unfairness (which is definitely unintentional, and not a conspiracy) is relating the balance sheets on "revenue generated" rather than specifically sporting costs. No matter how savvy financially a team outside of London is, they'll never generate the matchday revenue of a London club. No matter how well they perform on the pitch, they're never going to sell merch like a traditional "big 6" team. So they're always going to be at a competitive disadvantage against established clubs. If you had loss limits specifically on player sales, then I feel like that would level the playing field a little more.
I'm a Portsmouth fan of 30+ years. It's easy to imagine financial issues as entirely negative, however having been at both the FA cup and EFL trophy finals, both were equally great memorable occaisions. As was being promoted as champions of league 2 and soon to be champions of league 1. These moments create great lasting memories. The alternative history without financial issues, likely would be a mid table premier league club, not winning another cup or title, fighting relegation each season, getting relegated and becoming another Norwich.
You wouldn't be saying that if your club was desolved and even if it was given a rebirth it still would've taken it a decade to get somewhere
And the financial overspending doesn't necessarily in FA Cup wins and success in the short term. Look at Derby as an example.
@@muneebahmad4378 Yeah, I'm not arguing that financial mismanagement is a good thing. Just pointing out that something which seems so negative can have positive aspects.
Alfie this reflects on society somewhat. In the UK, I've learnt that capital gains tax is lower than income tax, so when tax is increased, income suffers.
But this increases wealth inequality, as poor people usually get education, training and then become highly skilled workers to move up society, now that they're punished for doing better, this increases the wealth and geography gap even more though
Great video Alfie!!! Would definitely love to see the follow up video you mentioned at the end!!! Thanks
it would be really cool if you did a video about the Cymru premier. the league doesn't get much attention, but it is growing, and teams like Caernarfon, barry and colwyn bay have pretty decent fanbases.
FFP (or PSR) is a necessary evil to protect clubs in the relegation zone from themselves. If teams could spend what they wanted, clubs lower down the premier league with rich owners would overspend for the chance at getting into Europe. This would make it harder for teams to stay in the division, and they’d have to spend more to try and do so. The gap between the premier league and the championship would be even bigger than it currently is, and teams would go bust. It’s not about protecting the Big 6, it’s about protecting clubs from themselves, protecting jobs, and preventing communities from losing vital pillars. It’s not a perfect system, and I’m sure there are some improvements that could be made (including punishments being clearer/more consistent) but PSR itself is necessary to prevent the death of football
yeah but when punishment get entangled with literal state owners and sportwashing, seems like certain clubs are exempt if they find themselves a willing and competent accountant
@@duyanhng8430 And lawyers who only care about winning.
‘Wait, are we the Italians’. Nope. Because in Italy, there’s a much better chance of being investigated and punished appropriately. Many clubs get away with murder, in England.
This was actually a great explainer video. It cleared up a lot of things. Its easier to form a conclusion after something is thoroughly explained.
Simply can’t grow tired of your voice, Alfie.
Ffp exists because of what chelsea did to the establishment three (man united, liverpool, arsenal) but by the time it came around chelsea had spent enough to be part of it. It certainly doesnt protect clubs lower down the leagues from financial oblivion or make their owners behave properly- i can attest to that as a Coventry fan
@jamesduffy7549
It was brought in to stop man city.
@@mancuniangamecat8288 yes because it was too late to stop chelsea. Chelsea had bought their way into the establishment at this point and they didn't want man city doing to them what they did to liverpool and arsenal
Chelsea was a regular in the top 4 since 1996, why is this ignored and compared to City?
@@Freestyle80 Not to mention winning a couple of FA Cups, a League Cup and a UEFA Cup Winners Cup in that period from 1996-2003, as well as a Community Shield and a UEFA Super Cup.
But yeah, it is frustrating that Chelsea's immediate pre-Abramovich years are glossed over and people think that Abramovich buying them just put them at the sharp end out of nowhere when in fact they'd established themselves as a decent force to be reckoned with, particularly when it came to winning cups.
@@Freestyle80They were a decent team, but Chelsea fans seem to overbloat how good they were. These were their best days untill that point in their history.
Just put I. The NBA tax system. Over a set level, teams have to a £1 tax for every £1 they spend over it. These tax payments are then given to every team who didn't pay any tax and those in the rest of the pyramid.
This would mean, no cap on ambition, less arbitrary rules, freedom of choice for everyone, maintain appeal for outside investment AND increase sustainability
This video was definitely needed, been a lot of simplistic talk online regarding Man City and Chelsea and people's understanding of these rules, with many sustaining hilarious occam's razor ideals like:
"Chelsea have a net spend over the last 3 years of -764m, that's over 7 times as large as that 105m! surely they should be charged proportionately!"
ignoring both the fact that Chelsea have a revenue in that time in excess of £1.6billion. and that a large portion of their massive insular transfer losses have (as has been very widely publicised) amortised over the next 8 years instead.
meaning that while that puts them at a potentially costly disadvantage in spending for the next 8 years, where any big transfer could take them past the threshold without significant sales, that they are in complete accordance with both PSR and FFP as it stands.
Bro, your work ethics is the real deal. You always put out some of the best and imfomitive videos. Keep up the good work. Hailings from Jamaica 🇯🇲
I was worried we're not getting a video today. How can I water my flowers without listening to Alfie after all
Accounting is beautiful! I'd love to watch a follow up video
Excellent video!! Thank you for this one.
I'm an Everton fan and we have been ran by clowns for years, there is no denying that. The issue for most Everton and Forrest fans with the point deduction is that it doesn't feel like they have any clue what the punishment should have been, how could Everton have gotten a 10 point deduction first time around is baffling, you get 9 points for administration! The 2nd charge with the 2 point deduction, I am less annoyed about to be honest as the panel laid out exactly why they docked us 2 points and their reasons for it. But we have had 4 panels and 4 different interpretations of the rules. The EPL should have had a structure. 3 points for a breach, 1 point for every 10m you go over or something like that that. Plus if you look at the Forrest deduction its even more insane, if the cut off had been the end of August not June, they would NOT have breached, and the reason they didnt sell Johnson in June was to get more money, if the PSR is really about ensuring clubs dont go bust, surely a club selling a player for the most money possible is a good thing right? The idea behind the rules was good, the implementation of them is wrong. The League 2 rules look pretty sensible to me, you can spend your revenue plus up to I believe an extra £2M but the owner has to put that cash in upfront, otherwise you cant register new signings, the EPL should looks to do something like this, as there does need to be balance, as much as us Blues are kicking off now, imagine how much debt Everton would have been in if there was no PSR!!!! 😱😱😱😱🤣🤣
Great Mitchell and Webb reference there mate!
This was very interesting Alfie. Thank you.
.
Simplified it was to stop what Leeds Utd did, bought top players to hopefully win trophies which would then pay off their debts, this didn't occur and hence they were subsequently relegated twice, this has nothing to do with keeping top 6 as top 6, if you haven't got the revenue then you haven't got the spending power, everything has to be done gradually, you need to look at how all these new American owners are dealing with their club affairs and that way it works properly, you build up new fan base which brings in more revenue and better spending options.
Absolutely go for the 2nd video mentioned at the end!
Very clear explanation. Really nice one!
Tying the limits to revenue still maintains the status quo and clubs with huge revenues.
A cap should've always been the solution
Gimme that alternate video you were talking about at the end! I love me some FFP talk
Alfie hits on the real reason City won't get punished and it's the links between the UK Gov & Royal family and the owners of City
That take already doesn't make sense
@@dylanb.117 it does when you consider they wouldn't want the political embarrisment it would cause
yeah powerful lawyers and judges who can be bribe goes a long way, espescially in a criminal case with such high stakes. Maybe if the us owners felt cheated they could go and lobby their own gov to pressure it but seems like the us is cozying up with oil folks anyway, comme si comme sa
Unlike City's owners, the British Royal family have little actual power. As Alfie points out however, we are geopolitical allies. I have no doubt arms are being twisted at the diplomatic level.
One correction to the vid. Uefas measurement is from jan to december. With punishments made for the start of the next season.
The first measurement was last year at 90%. This year it is 80% and next year at 70%.
I think you should stick to the sevens part on this channel, and post these documentary style videos on your own channel. I'm sure your end game is for you to leave HITC and go exclusively on your own channel. I can't speak for everyone, but these types of videos are why I'm here. The sevens part is just a bonus.
Please do make a video on possible FFP/PSR modifications. A few of them floated seem like they could be workable in the short-term but also have extreme downsides that could end up being worse in the long run
salary cap based on revenue should be implemented imo, also sharing revenue more dispersely
By far the best football content on UA-cam.
Salary caps and other regulations on teams in the US are all basically down to the past dominance of baseball by the ultimate “big team” (New York Yankees). Major League Baseball said, “Yeah, no” to that and when the NFL, NBA and MLS were formed they followed suit. It’s worked out well for all of those leagues.
But they all have drafts and can’t buy all the best young talent. Usually the worst and cheapest teams get those players
When you see Bury go out of existence and Southend almost go the same way, I find it baffling fans who will mortgage their entire history on - almost impossible to sustain success. I'm a Villa fan and I'd rather see Villa continue to exist, even if 5th/6th is our top end goal.
As Alfie mentioned, without PSR or FFP, Man city could easily afford to spend 2000% of their revenue. PSR and FFP do not benefit the big six.
I truly fear the day that someone finally succeeds in trying to turn Argentina's clubs into privately owned enterprises. So many problems are ducked thanks to the fact that Professional Football Clubs can't be privately owned in Argentina. No need for rules about how much club owners can spend on the club if there are no unbelievably wealthy club owners involved in the equation at all.
i think the punishments should be transfers bans and ways to force the teams to stop spending rather than having a team in debt and basically doubling their debt with fines. Rather they should be banned from certain footballing activities that require large spending.
points deductions, esp during a season just effect the other teams around them and its even worse when they get those points back. it like removing and giving random goals in a match
Ok so i buy 15 world class players in a summer.
Get a transfer ban.
Who cares? Already done my business.
This was chelseas thinking. Due to the dodgy deal under abramovich that was unearthed in the takeover.
Chelsea were hit by such a Transfer ban a few years ago forcing then Manager Frank Lampard to field a larger number of products from their own Academy instead, a 'punishment' that worked in that most of those players have gone on to forge careers either at Chelsea or elsewhere in the Premier League. The general Premier League model is to keep home-grown talent stuck in the Academies then discard them in favour of players from European Academies that have been exposed to multiple 1st Team Top flight appearances in their own countries.
Another great video Alfie.
I’m a simple man…I see Alfie post a video…and I click.
Also, Alfie…be careful! You’re using factual data and common sense in your arguments. People don’t like that, ya know 😂
Great video 👏
I love when you talk numbers to us, Alfie.
Im an Everton supporter but I do think this is a reasonable take but one issue I have with it is the timing of the charges which has not been mentioned. I don't think it is a coincidence that the charges started to happen at the same time parliament were progressing with introducing a football regulation bill. They announced man city's charges knowing that it was unlikely to come to fruition before a vote on it took place and then they charged Everton who were an easy target because they had been in discussions with the Premier league over the past few years and could probably get them on a technicality over the stadium. I'd be very interested to know if any other team had breached psr before they got spooked by the potential regulation bill
yes, we want the follow up, alfie
20:46 Hey. As a CPA, I.... completely agree.
Can someone link a copy of the full PSR rules? I've never been able to find a full version of them
Those changed twitter handles are genius. 😂
Alfie, no matter what topic you’ll wanna analyze, we’ll watch it. Keep it up😮💨😮💨
Boogie man?! 😂😂😂😂. Surely he meant boogeyman! Generally, hip gyrating, disco-dancing funk monsters are less creepy! But that’s just my opinion! 😮😅🤣🤣
I clamour for a follow-up!!
There are but two options: the rich clubs must leave their respective leagues and do their own thing or football must take a look at American sports and make sure the financial playing field is level.
I am from Germany and many grand old clubs with a huge following haven‘t won a trophy in decades.
Thus, I wonder how long this can continue that many clubs simply don‘t have a chance anymore to win a cup, let alone the league, before fans get frustrated or bored. I think football must change and do so fast.
Everton were 19.5 million over over 3 years. Against that there was 10 million in interest on stadium loans, 10 million on a player who was banned by the pl, 20 million of sponsorship banned by the government, and 28 million in the sale of Moise Kean which was deferred for 2 years because of Juves FFP. So absolutely not a club flagrantly breaking the rules to gain a "sporting advantage". But that would require you to actually do some research.
i could literally never get sick of hearing your voice alfie
My main issue as an Everton fan, is that there is not a specific points deduction for the amount you preach psr by. So dispite overspending more Forrest got a small points deduction that Everton's 6 (initially 10)?
Moreover, they're is no protocol for if you breach two different periods in the same season.
So again I am not opposed to Everton being punished, I just feel that the exact deductions are random.
Is it any stretch of 3 years? If you make crazy losses, in year 3; does that fuck you on PSR for period 1-2-3, period 2-3-4, and period 3-4-5?
Yes yes it does
Thanks for explaining properly
I don't get why we can't just have a system whereby the owners have to put up bonds with a third party for all committed spending and then all you have to do is prove that a transfer etc will be covered within the bond to allow a transfer to happen. Or in the case of it not passing add the additional commitments to the "account". This way you can spend what you like. If the issue is that people dont want saudi or someone going carte blanche then you can add spending caps but it should be a fixed amount for all clubs not a % of revenue as that is no longer necessary due to the bond rules.
Unfortunately there is no ideal solution to this. Clubs are putting themselves on a cliff edge in orser to chase the riches of the PL dream.
Man City will use their lawyers to delay whatever is due to them
@25:25 How is Man Utd on the P&L graphic twice? Who made this data?
Clamoring for a follow up
13:30 2 bandits with thier kits and the legend Ivica Osim damn bro
Is there a Pulitzer type award in the Uk for journalism. If so short list Alfie. Amazing explanation.
@35:46 You will see entertainment precinct development. Shops, hotels, restaurants, apartments entire zones being bought and developed. If i were a multi billionaire I'd be building shopping malls and other entertainment hubs within the precinct of the stadium in order to increase revenue.
Looking at thise profit/loss graphs in the video surely Villa will be die charges at some point in the near future?
that alternate PSR video seems like a really good idea tbh
With the stupid amoiunt of money that the Premier League generates worldwide, in my opinion there really isn't ANY excuse for member clubs clubs to make a loss.
If it means your club can't blow a ton of money in it's first season and is therefore uncompetitive, then so be it. Take the hit, go down and build up until you can. Luton took this approach and could still concievably stay up and even if they don't they'll still be quids in and in a good place to give it another go in the future. This isn't hard.
Great vid. Pity you didn't feature Reading more as surely we are the biggest basket case outside of the Premier League at the moment.
Brilliant video once again. Despite being a red I did feel that everton had been hard done by but this video as msde it more clear. Just a shame that the blues i know wont watch this video.
It was brought in to do both things. It was brought in to stop the big clubs being challanged, and to stop clubs going bankrupt.
Its arguably done... neither those things. It didn't come in with enough detail and force to stop City and PSG (and it doesn't look like its going to prevent Newcastle from getting there, as its always taken a fair few years to actually get everything working [Chelsea is the exception but they were already the 3rd best team in the Premier League at the time]). Its also not stopped clubs getting themselves into complete and utter financial messes.
FFP is definitely in place to prevent the big 6 from being disrupted, initially the big 4 (Arsenal,Chelsea, Liverpool, Utd) but by the time it was in place City had already bought their way in & Spurs have always been that outside club waiting to pounce on any slip ups to get in the champions league. People miss that the reason the EPL got to a 2/3rds vote is because the teams that are regularly in the bottom 6 and yoyo between the EPL & Championship wanted these rules as it mean the EFL implemented similar rules and that way as they keep yoyoing they will always have a bigger budget than other Championship club.
FFP in fact is not in the best interest and harms the group of middle 6-8 EPL teams by limiting their ability to break into the European places, considering the Top 6 will always vote for FFP as it prevents them being disrupted & the bottom 6 will always vote for it as it provides them a major advantage in the Championship (As if FFP goes so will the EFL rules) then they league only needed to convince 2 out of these 8 clubs to think this is in their best interest for the rule to pass.
Now it will never be reversed as every club outside of the top 6 would need to group together to get it removed, as the top 6 will never give up their power advantage, if even 1 club defects then any motion to remove it will immediately fail, so the idea that clubs can just get rid of it is simply a poor reading of the situation.
FFP was brought in before city was even considered top six.
@@mancuniangamecat8288False. FFP came in in 2014, 3 years after city began qualifying for the champions league
@@tombardsley3081
The concept of FFP was established by UEFA in 2009 and implemented at the start of the 2011/12 season.
At least get your facts right before trying to say someone is wrong.🤦
@@mancuniangamecat8288 this isn't uefa ffp. This is the Premier League's and EFL ffp which wasn't implemented until 2013/14 so my original statement was correct (I was a year out). And still, man city finished 5th in 09/10 and 3rd in 10/11 so back to back top 5 finishes before the 11/12 title win
@@mancuniangamecat8288 that's why I said initially the big 4, but it obviously took time to implement it. In that time Man City had already managed to buy their way into the elite tier. But the ultimate goal was always to make the rich richer. The clubs at the bottom of the EPL saw it as an opportunity to mean that as they yoyo up and down that they would always have more money than those other championship squads to try to ensure they would always get back inside the 3 years.
Did you just say, "to prevent Everton from challenging" 😂😂
it's there to keep the traditional big clubs at the top, nothing more
We want solutions!
you should make a video about SBV Vitesse, one of the dutch oldest professional clubs who was constantly fighting for european football and now faces relegation and are in danger of being extinct
i mean many of these bankruptcies of these clubs can be traced to either bad transfers, bad financial management overall, or just bad luck in some cases. but those happening aren’t even the norm.
just take a look at luton, they could’ve spent out of their asses this past season but they didn’t do that. if clubs can manage their finances correctly that’s on them.
that being noted it’s still insane city and chelsea have faced no consequences for their breaches
Great video ...succinct and actually gets to the point ...Man City are being accused of false accounting ...p s r is based on revenue ..the bigger the revenue the bigger the spend ..why do you think they want bigger stadia
...and European money ...
36:07
"Get out! I need to do computer stuff" 😂
The handle for Almiron lmfao
The rules are good and make sense. The only problem is that the revenue is determined in accounting, and there’s so much leeway there. A uefa competing football club should have to follow some stricter accounting standard as well as ownership models than traditional companies.
Man City being expelled from the Premier League? Yeah, like that's ever going to happen. That would be like the NFL expelling the Dallas Cowboys. Too much a part of the PL brand. Won't happen.
It has happened. Serie A is a good example
@@joshuafrimpong244 No it's not. Serie A was never as big as the Premier League has now gotten nor did it ever wield the degree of influence if not actual control over the FIGC as the PL now does over the FA. Nor did any Serie A club have a petrostate crown prince as an owner as Man City does.
@@LordZontar then your league is doomed, as if even the Italians have the decency to kick their top teams out and the premier league does not, there should be massive calls for concern
@@joshuafrimpong244 Hate to tell you this, but in this era money and branding are the only things that matter anymore and the integrity of the sport be damned. The Premier League has an international television audience now, and with literally billions flowing into PL coffers, particularly the "Rich Six" -- of which Manchester City is one -- you're talking about financial and business forces that are warping the entire football governance landscape. The growing ranks of oligarchical and corporate owners of the PL, particularly from the U.S., are trying to adapt the NFL model to rule the game. Even if they can't completely separate the PL from the English football pyramid they can still effectively have a de-facto "closed shop" league dominated by superteams which are central to the Premier League brand. One of the reasons why I follow the lower-tier divisions and the non-league game rather than the top-flight anymore.
@@LordZontar if I would advise, watch the 2 bundesliga, it's so much better
There needs to be a salary cap system like in the MLS
My favorite videos!!!! Never miss you! Hello from Las Vegas😅
We don’t disagree with the rules if they were fair. But they’re not! Look at Man City and Chelsea! If they got punished properly then no wonder would kick up a fuss
fair point, but there are 115 charges. We will sadly have to wait
Best German players in the premier league of all time. (Day 623)
I will not give up until the video is made or Alfie himself tells me to stop. Everyone else telling me that will be ignored.
If you don't believe my number, just go back to the previous videos. I'm at the bottom most of the time, but I'm there.
Lets all get this comment to the top!
Klinsmann introduced diving/cheating and ruined English football. That's the only one. Now go away.
Thomas Muller, Franz Beckanbeauer, Paul DeSausage, Marcus LeRashford.
Your Welcome.
1. Mustafi
Rest irrelevant
maybe your idea is just not that interesting... (it's not)
The bit about Leicester's administration is a bit misleading. Winning the League Cup and playing in the UEFA Cup are revenue-neutral. After 4 straight years in the top half of the EOP, we were relegated when we were building a new stadium. The loans to build the stadium were secured against EPL money, so relegation sent us into administration. The UEFA Cup still isn't really relevant.