JayStringer
Has a lot to say
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You mean in the summer they spent 32 million on Jimenez, 16 million on Cutrone and 20 million on Neto and Jordao? After two summers in a row of heavy investment and needing to carry the championship loss on Premier League FFP while still needing to also try and break even for European FFP? Truth is, we have yet to have a season when we're not restricted by one FFP or another. It WOULD have been this summer if we hadn't qualified for Europe when we did. Now it's pushed on to next summer.
I'll try again with less snark.
There are two different FFP's that have been affecting the club. Premier league and UEFA.
In the year before we were subject to either of them, we ran up a huge debt getting out of the championship.
In our first three seasons in the prem, we were constrained by what we could do WITHIN Premier League FFP while carrying the championship debt.
Then we qualified for Europe at the end of the first year.
So in our second season up, we were operating within both premier league and UEFA FFP. Because of the championship debt, we failed the latter. But we had a good excuse, so UEFA were reasonable, and came to a settlement agreement aimed at proving we could manage effectively over the next two seasons.
Our third year in the premier league was the last year we were affected by the championship debt, because it aged off the books as the FFP window moved on. BUT we were still under the agreement with UEFA to break even for premier league seasons three and four -last season and this season.
So this summer we no longer need to worry about the championship debt when it comes to Premier league FFP. In effect, if we hadn't qualified for Europe we could go nuts this summer and spend whatever three full seasons of premier league money would allow us to within FFP. (Villa got round this by using Villa Park to plug the hole they created through championship spending. Sure, Fosun could probably get away with a similar trick, but given how much increased focus our ownership model is under -in part down to complaints from Villa- Jeff is running the club absolutely squeaky clean and transparent.) But we still have an agreement in place with UEFA. And that is the agreement Jeff commented on during Ask Wolves when he said Wolves aren't going to 'break the rules and pay a fine.' We agreed to a settlement and we're sticking to it.
But I know mods want FFP chat to stay off this thread, so I'll leave that as my last comment on it.
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