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Football Finance

big old season for lego head really, the media love to linger on arsenal given any excuse. i have to say though that they seem to have addressed their attacking depth which left them toothless whenever the dive king saka was injured
 
big old season for lego head really, the media love to linger on arsenal given any excuse. i have to say though that they seem to have addressed their attacking depth which left them toothless whenever the dive king saka was injured

We've got other work to do obviously, but at the moment id give them better chances than us.
 
We've got other work to do obviously, but at the moment id give them better chances than us.
probably but the jury is very much out on their big buy up front and the performance against united was nothing special. they’ve definitely not rocked their boat though, just added some more crew.
 
I think Arsenal are winning the league this year - I think we’re replacing too much, too quickly and too late in the window in some cases to get the team working effectively.

I don’t see us going on that consistent early season run that effectively got us the title last season.

That saying, I think we’ll be better in the long run and I expect us to finish the season strongly - so if we’re still involved in the race by Feb we could do it.

I still see a CL win as a more likely outcome this season.
 
Agree in many respects, but after the opening round of fixtures I can't help wondering whether Citeh might be a better bet than the Arse after all.
 
Agree in many respects, but after the opening round of fixtures I can't help wondering whether Citeh might be a better bet than the Arse after all.
City will hit a brick wall without a proper break and still look shite at the back.

Arsenal have all the flair of a mosquito.

We’re winning it.

Fannies.
 
Agree in many respects, but after the opening round of fixtures I can't help wondering whether Citeh might be a better bet than the Arse after all.

Maybe - I think we’ll get more of an idea where City are at this weekend when they play a stronger team.

Wolves aren’t very good and look like they’ll struggle again this season.
 
Maybe - I think we’ll get more of an idea where City are at this weekend when they play a stronger team.

Wolves aren’t very good and look like they’ll struggle again this season.
This is basically my opening line in the other games thread which should be landing in the next few minutes.
 
PSR is not perfect, but the alternative would be ruinous

“The debate over regulation is a battle of stories. The version that is winning is not the right one.”​


In his first set of programme notes of the season, Unai Emery made his point concisely, graciously and informedly. He did not use it as a chance to settle scores or make grand, sweeping accusations, designed to rile Aston Villa’s fans to fury.
Instead, he used one of football’s quaintest remaining traditions – the manager’s matchday column – to present a calm, rational view on its defining modern argument.
To précis: Emery understands why football introduced financial controls. Versions of the rules that have made Villa’s summer recruitment “challenging”, he wrote, were adopted “to avoid bankruptcies and payment defaults”.

He believes, however, that they should be reviewed, on the grounds that this initially “good tool” has served to create a caste of clubs who will “never be allowed to dream”.
Emery’s encapsulation of the argument is an unusually clear, succinct one, but it is not – without meaning to sound at all churlish – especially novel. This is the story that Villa have been telling themselves for several years: that the Premier League’s profit and sustainability regulations (PSR) act as a curb on their ambitions. It is an idea so embedded that John McGinn sees it as the “way football is set up these days”.

Villa are not alone in this. Their opponents last weekend, Newcastle, have precisely the same view. “PSR doesn’t sit easy with me, I don’t like it,” Alan Shearer said on BBC Radio 5 Live this week. “You get to a certain point, like Newcastle and Aston Villa have, and then all of a sudden you’re hit, there’s a juggernaut in front of you.”
Shearer no longer has an official position at Newcastle, of course, but it is likely nobody at the club disagreed with him. Newcastle, like Villa, see themselves as the victims of something close to a conspiracy; as far as many fans and quite possibly a few executives are concerned, they are being held back by artificial rules specifically designed to stifle competition.
Sympathy for that stance is not limited to the north east and the west Midlands. The matter may be less urgent at Everton and Nottingham Forest and – for different reasons – Manchester City, among others, but the underlying belief is the same.
It is almost common consensus now that PSR exist to maintain the status quo, that financial controls are a manifestation of the self-interest of the hated “Red Cartel”. There is a reason it has caught on, of course. It is a good story. It is compelling and emotive. It has a clear villain, a cadre of clubs whom everyone is predisposed to dislike anyway. And it seems to be borne out by reality. It is just a shame that it is not quite true.
It is not true in the specific cases of Aston Villa and Newcastle United because it ignores the parts of the story that do not quite fit. Villa, for instance, have spent somewhere in the region of £700m on players since they were promoted back to the Premier League in 2019. Only a baker’s dozen of clubs have spent more on players than Villa in that period. Not in England. Around the world. It is more than Bayern Munich and AC Milan. It is a very generous interpretation of dreams being inhibited.
The same goes for Newcastle, who have spent more than half a billion pounds on players in the four years since their takeover by the PIF. Only eight clubs have spent more in the transfer market since 2021, and one of them is their stablemate, Al Hilal. Like Villa, that took them into the Champions League. It is very hard to make an intellectually honest argument that PSR has prevented either one of them spending money.
The reason both now have limited room for manoeuvre is because they have both found selling significantly harder than buying. PSR are not perfect by any means. One reason is well documented: the rules as they are currently formulated encourage clubs to view academy products as cows to be fattened up for market, rather than players to be nurtured for the first team. Emery alighted on another in his programme notes, namely that revenue tends to run downstream of sporting success.
Chelsea have, intentionally or not, highlighted a third: PSR is a cashflow game. It is weighted so that the cost of any player you buy is spread across the duration of their contract, but the value of any player you sell can be recorded in one tasty lump sum. As long as you sell – and ideally sell well – then your spending can essentially be unlimited.
The morality of the extreme to which Chelsea have taken this is a different matter, but in a certain light it could be regarded as a sort of test for how good any particular team are at trading. And Newcastle, in particular, are not good: they have sold players for just £150m or so since the Saudi takeover. That is what is holding back Newcastle – and to some extent Villa, though their record has improved considerably.
There is, though, an even greater unsaid in the feverish, loaded and often misleading debate over PSR: the nature of the alternative. Those clubs, led by Newcastle, Villa and City, who would abolish the rules are presented by those who sympathise with them as great egalitarians, fighters for the free market. If only everyone could spend whatever they liked, the logic goes, then football would be a fairer place.
Except, of course, that it wouldn’t. There is nothing unusual about regulation in sport. Formula One restricts what modifications teams can make to their cars. America’s major leagues have salary caps and luxury taxes and draft picks. You are not allowed to use engines in the Tour de France. Even the IPL and the Hundred, two box-fresh competitions, sport for private equity, have allotted budgets and salary bands. None of it exists to curb ambitions or crush dreams, but because sport – now more than ever – has to find a way to protect the idea of competition, to recognise that sport decided by chequebook is not sport at all.
And that, ultimately, is what the teams chafing against PSR want: not to abolish the elite, but to replace it; not to level the playing field, but to tilt it in their favour.
Whether that is preferable or not is a matter of taste, but it is at least a case worth making; it should hardly be controversial to suggest that even the Premier League would suffer as a spectacle if it became nothing but a contest to establish which club can attract the richest owner.

It is striking, then, that the Premier League itself has done so little to make its case. The league’s chief executive, Richard Masters, has never explained to fans why financial regulation is necessary, let alone with the clarity of Emery’s programme notes.
The debate over regulation is a battle of stories. The version that is winning is not necessarily the one that is right. It is the one that has been told.
 
I will once again state my opinion that a luxury tax system similar to Major League Baseball makes the most sense.

Let teams spend what they want, with significant tax penalties for amounts over a certain value. The tax shall be distributed to lesser clubs and down the pyramid.

Especially if the Diarra case leads to contract terminations and lesser fees to selling clubs, this only makes more sense.

Regulation is essential. The current system is full of holes. A hard cap doesn't make sense given the transnational, open nature of the sport.
 
How can anyone seriously think PSR doesn't prevent the likes of Villa and Newcastle from spending money?! That's what it's designed for!

FFP and now PSR were always just the big clubs circling the wagons to create a cartel. Just because we're one of the beneficiaries doesn't mean we have to pretend otherwise.

And, of course, it's absolute fucking bullshit to pretend that any alternative must be some kind of free for all. You could have any kind of regulation you wanted.
 
You can’t blame PSR when clubs are spunking the likes of £25 million on Doak. Yes, we’ve benefited but the whole transfer market is fucked.
 
clubs get ever increasing revenue and still moan. When clubs like Villa spend somewhere in the region on 97% of turnover on wages they lose any claim of injustice with the rules.
 
What's justice got to do with anything? It's meant to be a competitive league. I suppose at least in England we've got 3 naturally very big clubs who can all roughly match each other, plus Chelsea and City who seem to have more or less established themselves now.

So it's a much better situation than most leagues, and therefore the stifling effect of PSR is limited a bit. I'd still prefer more competition though, really, if I were a neutral.
 
It is competitive. Most of the clubs in the league are the top 30 highest earning clubs on the world. They just use that money on shit.

Their fans feel they should spend whatever the fuck they like and let their owners pump in whatever they want. Even adding a luxury tax will be seen as another cost of doing business to them.

Letting any club spend what they want will see lots of clubs go under.
 
It is competitive. Most of the clubs in the league are the top 30 highest earning clubs on the world. They just use that money on shit.

Their fans feel they should spend whatever the fuck they like and let their owners pump in whatever they want. Even adding a luxury tax will be seen as another cost of doing business to them.

Letting any club spend what they want will see lots of clubs go under.

I don't think many people except Villa and Newcastle fans are arguing for clubs to spend whatever they want. And even if they did it's easy enough to say any money owners inject has to be equity and not debt.

Is there enough competition? Maybe. I think it's arguable. What I think is clear is it's very very difficult for a challenger club to become a title challenger. Both Villa and Newcastle generally spent very well, well beyond their means and under good management, and still didn't really get very close to being a title challenger
 
I don't think many people except Villa and Newcastle fans are arguing for clubs to spend whatever they want. And even if they did it's easy enough to say any money owners inject has to be equity and not debt.

Is there enough competition? Maybe. I think it's arguable. What I think is clear is it's very very difficult for a challenger club to become a title challenger. Both Villa and Newcastle generally spent very well, well beyond their means and under good management, and still didn't really get very close to being a title challenger


It's very difficult, but not impossible. Even us, with our spending since the early 90s have never really been a consistent title contender. A few years here or there, but never a prolonged spell. In fact all the teams haven't really been consistent challengers for the duration. Theres no reason why with sensible investments and slow building that teams cant get to that level. The problem stems from the "win now" mentality that all clubs have. Others are more braced for if they don't "win now".

You shouldnt' be throwing out long term security and growth for a flash in the pan season. Leeds did it, Leicester did it, Newcastle in the 90s did it, and villa are in the middle of doing it.
 
Leon bailey cost villa 30m, and they've loaned him out 2 years later for 3m is a high profile recent example of the fuck ups

They signed Morgan Rogers for £8m 18 months ago. How many signings that good have we made recently?

But we both know these are just outliers. Both clubs' spending has seemed to be pretty good as far as I remember. Certainly not wasteful like Utd or Chelsea, at the absolute minimum.
 
It's very difficult, but not impossible. Even us, with our spending since the early 90s have never really been a consistent title contender. A few years here or there, but never a prolonged spell. In fact all the teams haven't really been consistent challengers for the duration. Theres no reason why with sensible investments and slow building that teams cant get to that level. The problem stems from the "win now" mentality that all clubs have. Others are more braced for if they don't "win now".

You shouldnt' be throwing out long term security and growth for a flash in the pan season. Leeds did it, Leicester did it, Newcastle in the 90s did it, and villa are in the middle of doing it.

Come on mate, it's virtually impossible. Like you say, it's actually pretty hard even for us. For a Villa or Everton it's almost impossible.
 
Come on mate, it's virtually impossible. Like you say, it's actually pretty hard even for us. For a Villa or Everton it's almost impossible.

I agree it's highly improbable, but not impossible. The key is consistent CL qualification, win a few trophies. Cunts are hoping to go from 6th to title in as few a steps as possible.

Newcastle could have been primed this summer. Sell Isak early, reinvest in Sesko (or Ekitike), wissa and elanga. Maybe another CB. Try and go far in the CL, win a domestic, finish top 4. Next season, sell someone else, buy replacements on the cusp, repeat.

The more they earn, the more they could spend. They've got the infrastructure, they've got a big fan base, iconic players. But they don't want to. They fucked it at the admin level and now they're unravelling.
 
They signed Morgan Rogers for £8m 18 months ago. How many signings that good have we made recently?

But we both know these are just outliers. Both clubs' spending has seemed to be pretty good as far as I remember. Certainly not wasteful like Utd or Chelsea, at the absolute minimum.
I agree. Most of the signings have performed reasonably well. They may have not optimized finding value in the market and have paid what they thought necessary to get the players they wanted, but they have not made failed signings that cost £70M or more.
 
PSR was brought in to close shop on the cartel AND prevent clubs from doing a Leeds or Portsmouth.

It has essentially been successful in both regards. The latter aim is an obvious good; the first much less so.

Clubs do need to be protected from themselves. But at the same time, the inherent and entrenched inequality in revenue generation power shouldn't enforce a historical hierarchy in perpetuity.
 
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