02-11-2016, 15:31
Jim can they qualify for European football?, they have made a cumulative loss of well over the FFP rules.
We (Scotland) are not one of the big hitters, so I would expect UEFA to actually follow their rules.
" The acceptable deviation is EUR 5 million. However it can exceed this level up to the following amounts only if such excess is entirely covered by contributions from equity participants and/or related parties:
a) EUR 45 million for the monitoring period assessed in the licence seasons 2013/14 and 2014/15;
b) EUR 30 million for the monitoring period assessed in the licence seasons 2015/16, 2016/17 and 2017/18;
c) a lower amount as decided in due course by the UEFA Executive Committee for the monitoring periods assessed in the following years"
So they breach the 5 million euros bit easily with cumulative trading losses of 40 million sterling over 4 years
the issue will be will the losses be accepted as "excess is entirely covered by contributions from equity participants and/or related parties:" which is likely but be less than 30 m euro?
even if the qualify ask St Johnstone , or Aberdeen how much they make from going out in the qualifying Europa league games ?
and still 6 years of Ashleys contract to go so no or little retail moneys being generated
Huge additions to first team wages (Barton and krancjar 2 million per year between them + others)
Storys of huge infrastructure issues
Needing cash in September when Clubs are in theory cash rich is not a good sign
the fans have now seen how big the gap is between then and celtic both on the pitch and financially (they have even been in the papers asking for celtic to be handicapped FFS)
With celtic earning over 30 million from the champions league that gap will only grow as long as Rodgers stays.
Will rangers splash cash the don't have ?
or will the fans accept that they are second fiddle at best struggling to finish above Hearts, Aberdeen and st johnstone and going out of europe in august??
As a celtic fan I quite like this half dead version of rangers, its not the real one I know but its still good to watch them suffer
We (Scotland) are not one of the big hitters, so I would expect UEFA to actually follow their rules.
" The acceptable deviation is EUR 5 million. However it can exceed this level up to the following amounts only if such excess is entirely covered by contributions from equity participants and/or related parties:
a) EUR 45 million for the monitoring period assessed in the licence seasons 2013/14 and 2014/15;
b) EUR 30 million for the monitoring period assessed in the licence seasons 2015/16, 2016/17 and 2017/18;
c) a lower amount as decided in due course by the UEFA Executive Committee for the monitoring periods assessed in the following years"
So they breach the 5 million euros bit easily with cumulative trading losses of 40 million sterling over 4 years
the issue will be will the losses be accepted as "excess is entirely covered by contributions from equity participants and/or related parties:" which is likely but be less than 30 m euro?
even if the qualify ask St Johnstone , or Aberdeen how much they make from going out in the qualifying Europa league games ?
and still 6 years of Ashleys contract to go so no or little retail moneys being generated
Huge additions to first team wages (Barton and krancjar 2 million per year between them + others)
Storys of huge infrastructure issues
Needing cash in September when Clubs are in theory cash rich is not a good sign
the fans have now seen how big the gap is between then and celtic both on the pitch and financially (they have even been in the papers asking for celtic to be handicapped FFS)
With celtic earning over 30 million from the champions league that gap will only grow as long as Rodgers stays.
Will rangers splash cash the don't have ?
or will the fans accept that they are second fiddle at best struggling to finish above Hearts, Aberdeen and st johnstone and going out of europe in august??
As a celtic fan I quite like this half dead version of rangers, its not the real one I know but its still good to watch them suffer