CJ – a great guest on The Green Pole last week – has put together a primer on the puzzling Premier League Profit and Sustainability Rules over at London’s Original.
It should help those of us without forensic accountancy skills gain an insight into what the Whites might be able to put in Marco Silva’s warchest this summer – and, underscore the assertions from Swiss Ramble and others earlier this summer, that Fulham are not in any immediate danger of breaching any of the Premier League regulations.
What may catch the Whites in future are the financial controls governing how much clubs can spent on wages and transfer fee. Last week saw Aston Villa and Chelsea fall foul of the UEFA statute that restricts spending on wages and transfers to 80% of revenue. The Premier League have now adopted a squad cost rule that limits this spending to 85% and the Whites were right on the cusp of this in the 23/24 accounts. That’s one to watch as Silva’s summer rebuild takes shape.
See Chelsea got fined 27m what I would like to know when all these rich clubs get fined were does the money go. I feel it should go to smaller clubs in divisions 1&2 but does not seem to who pockets is it going
Good point Daniel . But also fines can always be digested by a wealthy club – the only real punishment and deterrent are point reductions . Let’s face it either rhey know exactly what they are doing or their financial accountants are rubbish . Chelsea should have started the season with a 9 point reduction and a fine .