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Joined: Jun 2009
Posts: 22,394
Liverpool Legend
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Liverpool Legend
Joined: Jun 2009
Posts: 22,394 |
Wasn't it just architects fees etc that was attributed to infrastructure rather than money actually spent doing stuff?
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Joined: Jan 2010
Posts: 22,926
Liverpool Legend
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Liverpool Legend
Joined: Jan 2010
Posts: 22,926 |
Wasn't it just architects fees etc that was attributed to infrastructure rather than money actually spent doing stuff? Well, any development costs will include profesionnal fees without which you cannot build anything and I suppose is classified under infrastructure in the FFP rules.
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Joined: Jul 2011
Posts: 2,381
Under 23 Player
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Under 23 Player
Joined: Jul 2011
Posts: 2,381 |
I mentioned FFP for transfers and wages, never said stadium, so don't up words in my mouth. The only owners who put massive equity in any EPL club have been City and Chelsea owners, so that's not the norm, even if it is your wet dream. By the way, the last time the club was put on the market there were not a lot of takers, I remember FSG and a dodgy Chinese guy, so getting Sugar Daddy is not our entitlement. Last, I don't think it's FSG who says what the squad size should be, they hardly understand football.
Genuine question, I thought we were found to not have breached any FFP rules in the recent investigation? And made a (small) profit last year. Indeed, we didn't breach but I am sure we were not too far because those who are investigated are usually border line especially if you look at our profitability figures over the last few years. Last financial year we made less than 1m profit after lowering significantly the wage structure and increasing revenues ,meaning we do not have a huge margin to play with to pay high wages and spend huge transfer fees. Don't you agree? Not completely no, we were investigated as we got back into Europe and the due diligence check required more because of our infrastructure spend. It's a red flag due process check. We were found to not breach any rules, last year we finally made a profit and this money making year we are due to eclipse that profit. Though absolutely we can't compete with the spends of the other 'rich' clubs, it is more our recruitment strategy that is letting us down.
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Joined: Jan 2010
Posts: 22,926
Liverpool Legend
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Liverpool Legend
Joined: Jan 2010
Posts: 22,926 |
I mentioned FFP for transfers and wages, never said stadium, so don't up words in my mouth. The only owners who put massive equity in any EPL club have been City and Chelsea owners, so that's not the norm, even if it is your wet dream. By the way, the last time the club was put on the market there were not a lot of takers, I remember FSG and a dodgy Chinese guy, so getting Sugar Daddy is not our entitlement. Last, I don't think it's FSG who says what the squad size should be, they hardly understand football.
Genuine question, I thought we were found to not have breached any FFP rules in the recent investigation? And made a (small) profit last year. Indeed, we didn't breach but I am sure we were not too far because those who are investigated are usually border line especially if you look at our profitability figures over the last few years. Last financial year we made less than 1m profit after lowering significantly the wage structure and increasing revenues ,meaning we do not have a huge margin to play with to pay high wages and spend huge transfer fees. Don't you agree? Not completely no, we were investigated as we got back into Europe and the due diligence check required more because of our infrastructure spend. It's a red flag due process check. We were found to not breach any rules, last year we finally made a profit and this money making year we are due to eclipse that profit. Though absolutely we can't compete with the spends of the other 'rich' clubs, it is more our recruitment strategy that is letting us down. Recruitment strategy yes, but we cannot spend much more. FFP takes the combined profit/loss for 3 years into consideration not one year and we are well beyond the limit of 5m losses over that period. Investment/expenditure in infrastructure, youth development training facilities are excluded. Read the rules.
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Joined: Jul 2011
Posts: 2,381
Under 23 Player
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Under 23 Player
Joined: Jul 2011
Posts: 2,381 |
Recruitment strategy yes, but we cannot spend much more. FFP takes the combined profit/loss for 3 years into consideration not one year and we are well beyond the limit of 5m losses over that period. Investment/expenditure in infrastructure, youth development training facilities are excluded. Read the rules.
I suggest you read my post. You clearly didn't understand it.
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Joined: Apr 2013
Posts: 3,908
Under 23 Player
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Under 23 Player
Joined: Apr 2013
Posts: 3,908 |
Beginning to look like a business forum on here.
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Joined: May 2010
Posts: 12,422
1st Team Regular
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1st Team Regular
Joined: May 2010
Posts: 12,422 |
Beginning to look like a business forum on here. well they do say football is a business now days
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Joined: Jul 2009
Posts: 5,460
1st Team Squad
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1st Team Squad
Joined: Jul 2009
Posts: 5,460 |
Proud moment as a red and part of Carillon.gutted wasn't involved in the project though http://www.expressandstar.com/news/2016/...d-to-new-level/
Steven Gerrard: Heartbeat of LFC.
football is fuckingg cruel
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Joined: Mar 2011
Posts: 8,595
1st Team Squad
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1st Team Squad
Joined: Mar 2011
Posts: 8,595 |
Sad day for Liverpool City, the fans and the club. That tart up will be a monument to financial cowardice and lost opportunity for a generation to come.
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Joined: Jul 2009
Posts: 5,460
1st Team Squad
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1st Team Squad
Joined: Jul 2009
Posts: 5,460 |
i have to say that i am not surprised at this reaction 
Steven Gerrard: Heartbeat of LFC.
football is fuckingg cruel
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