3in11
Monster Midfielder
No easy games in this league.
Posts: 1,773
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Post by 3in11 on May 12, 2015 21:20:09 GMT
Get this, just relegated QPR have decided to use the Courts to challenge the legality of The Football League's Financial Fair Play Rules. Now why on earth would they do that?
It's all to do with them looking at one hell of a fine on their return to playing under FL auspices. Rangers said any charge for breaching the rules would not begin until the outcome of their challenge was known. Their relegation was confirmed by Sunday's 6-0 loss at Manchester City.
In March, the club announced losses of £9.8m, but £60m worth of loans were written off by owner Tony Fernandes and other shareholders. A failure to pay any fine imposed could see the London side being refused entry into the Championship.
Championship clubs were permitted losses of £8m (£5m funded by shareholders) in 2013-14. Clubs promoted back to the Premier League who exceeded those losses are subject to a fine.
There is a sliding scale on the next £10m of losses, with a maximum fine of £6.681m. Once losses exceed £18m, the fine is imposed on a strict pound-for-pound basis. Should there be an overall loss of £30m, the fine would be almost £19m. If it was £50m, the figure would be nearly £39m.
Oh dear....Given that the ultimate source of FFP rules is UEFA, a successful challenge would have serious repercussions for all EU countries' Football Leagues...but don't worry, the chance of success is low as their debts are very largely the result of their own actions AFTER the EUFA anf FL FFP rules were announced and their dates of implementation in England known. Most people saw this coming.......
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