by YorkshireRoyal99 »
29 Jun 2022 12:03
29 Jun 2022 12:03
Nameless wrote:YorkshireRoyal99 wrote:retro royal wrote:EFL have totally screwed what we can do, yes board screwed up but we should still be able to spend some of money on fees received, I thought you had to put a competitive side out, looks like we won't be.
They may just want us to be compliant with P&S/FFP regulations and by not being able to spend anything, it gives us a better chance of doing that whilst meeting to our agreed Business Plan and it may also help us with some transfers, as any transfer with a fee would have to be approved by the EFL and may take longer to resolve i.e. we want to pay £500k for a player but then the EFL have to look at our accounts, if we are on forecast to pass the regulations/Business Plan etc which may delay transfers even further, leading to players/agents going elsewhere.
Still no evidence we can’t spend money….
Absolutely no reason why getting EFL sign off would add significant delay. They monitor our position regularly, it would be very obvious if we have room in the business plan allowing us to reinvest.
If we don’t have that room then it’s a fair call but we are clearly operating to the plan and it doesn’t appear to be reliant on player sales.
There is no evidence that we can spend money either and there are many reports from various different journalists suggesting that we can't either, that's all I'm going off as that's all we really know at the moment.
It may be very obvious in some cases, but in some other cases, i.e. depending on the value of the transfer, signing on fee, agent fees, clauses etc that will change in negotiations, it may not be as simple as that which may delay transfers further.
Also just because we are operating to our plan doesn't mean we can go and spend anything either because we (as in us as fans) won't know what our profit/loss will be until the next set of accounts.