News that the Championship clubs have voted in favour of relaxing Financial Fair Play rules have come as a bitter blow to Charlton as outlined by the current CFO, David Joyes.
Having effectively allowed clubs to make double the loss and base it on a rolling three year period, they have removed the immediate threat to a number of sides spending way beyond their means which makes a mockery of the whole thing. I am no expert on this but there have been many poo-poohing the idea that FFP would ever come to pass. The likes of QPR have laughed at it and threatened legal action, whereas Bolton Wanderers farcical financial management has clearly stuck two fingers up to it.
What's more concerning for us Addicks is how Roland Duchatelet might take the news. His network model was based upon the idea that he could exploit FFP regulations but running a number of clubs sensibly and trading players and other resources. Given the goal-post have just moved by 100%, he may well decide that the playing field isn't going to be levelled anytime soon and he may rethink his investments.
Frankly, I am amazed that 18 out of the 24 clubs voted to change the rules which spookily enough gave them the 75% vote required to bring the changes. Call me a cynical old git if you like but this sounds too good to be true as my Dad would have said. I wonder if money has talked here somewhere in the background?
Having effectively allowed clubs to make double the loss and base it on a rolling three year period, they have removed the immediate threat to a number of sides spending way beyond their means which makes a mockery of the whole thing. I am no expert on this but there have been many poo-poohing the idea that FFP would ever come to pass. The likes of QPR have laughed at it and threatened legal action, whereas Bolton Wanderers farcical financial management has clearly stuck two fingers up to it.
What's more concerning for us Addicks is how Roland Duchatelet might take the news. His network model was based upon the idea that he could exploit FFP regulations but running a number of clubs sensibly and trading players and other resources. Given the goal-post have just moved by 100%, he may well decide that the playing field isn't going to be levelled anytime soon and he may rethink his investments.
Frankly, I am amazed that 18 out of the 24 clubs voted to change the rules which spookily enough gave them the 75% vote required to bring the changes. Call me a cynical old git if you like but this sounds too good to be true as my Dad would have said. I wonder if money has talked here somewhere in the background?
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