07-08-2020, 07:37 PM
(07-08-2020, 06:21 PM)wassy04 Wrote:(07-08-2020, 04:09 PM)stirred Wrote:(19-06-2020, 12:00 PM)Frochy1977 Wrote: I read it today in The Guardian I think it was.
It states that the current 2020 financial year will not be assessed at all under FFP procedures, and will instead be rolled up into 2021, and the two years assessed together as a single financial period.
Uefa also confirmed that clubs would be allowed losses in excess of €30m as long as they show this was caused by falls in revenues because of the shutdown caused by Covid 19.
Bumping this post. UEFA are allowing clubs to count lost revenue as a result of covid from ticket sales etc towards FFP. It doesn't mean we can spend any more on players or wages. It just means, if the EFL adopt them, and if Marinakis is willing to, he can cover the loss of revenue out of his own pocket.
The other change is scrapping 2019/20 from the 3 year rolling window. So for the 3 seasons just gone, FFP will only cover 2 seasons (2017/18 & 2018/19). After next season, it will cover 4 seasons (2017/18, 2018/19, 2019/20 & 2020/21), with the losses of the latter 2 seasons halved so they roughly reflect one season, and in total resembles a 3 year period. Total allowed losses, after accounting for covid affected revenue, are unchanged.
So it does not mean Marinakis can go out and spend on players, unfortunately.
What I did note though is that only 2 seasons are counted in the recent observation period, not 3 seasons, yet the permitted loss does not seem to have changed. So clubs who could have breached it this season may have got a reprieve.
Though because the following reporting period is extended to 4 seasons, 2017/18 which would have rolled off will still be included. So bad if you made large losses in that year. Good if you didn't.
Note these are the UEFA rule changes, I don't think the EFL have decided on whether they will reflect these changes exactly or go off piste yet.
Uefa/EFL rules are completely different so this is fairly irrelevant. The rules will.be relaxed though otherwise most teams would fail this year
They're essentially the same - maximum allowed losses over a 3 year period with exceptions for spending on areas like academies & infrastructure - but with a different amount of allowable losses.