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  • "
    TurfMoorTom wrote:
    I'm not sure I fully follow all the hullaballoo and frothing coming from our 6 fingered friends. If your cloth has been cut accordingly and you already have a promising squad then with a RB/CH added unless we have major injury issues, why should a transfer embargo mid season be any concern? By the time all the leaches like Best etc contracts have run dry in the next year or so all will be back in balance. Case closed

    The only real concern is that we wasted a lot of money and there are clubs coming down with an unfair advantage. That said, history shows that as often as not in all the restructuring turmoil, relegated clubs fall on their sword. Take note 6-fingered sister lovers..............

    ..
    Hi Tom

    This news is very very disapointing for us Rovers fans and IF a transfer embargo is enforced on us it will potencially have a devastating effect on our ability to compete in the Championship.

    We won't be able to get out of a transfer ambargo by simply "allowing the fringe players and high wage earners to run out their contracts" - the amount of money we will have to find to "get out of" or avoid the transfer embargo on 1st Jan 2014 will be in the region of £17m (Best, our joint hightest wage earner earns about £1,820,000 per year). Given that you can't leave a transfer embargo until you are within the finantial boundaries the cuts to the squad will have to be enormous.

    If we then fail to get out of a tranfer embargo our accounts for the 2014-15 season will have to find a further £10m in savings, just to keep us standing still (as we lose another £2m in support, allowable, from the owners and we will shortly lose another £8m in TV revenues).

    Also, other reasons why a transfer embargo will massively impact on our ability to compete "on field".

    1 - Much harder to sign "good" players - if we want to sign a good (indemand) player this summer he is more likely to think twice if he knows the squad can't be improved from 1st Jan 2015.
    2 - Much more likely to lose our better players. They can see the squad can't be improved from 1st Jan 2015 so they are more likely to look esewhere for their careers.
    3 - Other clubs are more likely to try to unsettle our better players and then buy them cheaply - knowing we HAVE to reduce costs.
    4 - Players we do want to off load will have to virtually be given away (below market value) as clubs know we are desperate to cut costs.
    5 - If we have an injury crisis from Dec 2014 onwards we can't sign players to cover our injuryed players.

    All in all, if we are forced into a transfer embargo on 1st Jan 2015 then on a playing side it will be game over for us (and other clubs in the same situation) until they can get out of it. No way will we be able to compete at the top end of the table - it will make it impossible."
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Blackburn Rovers wait on FFP rules after changes rejected

This Is Lancashire: Shaun Harvey Shaun Harvey

FOUR proposed changes to Financial Fair Play regulations for Blackburn Rovers and their fellow Championship clubs have been rejected.

Several unnamed clubs have threatened legal action against the regulations, which could see Rovers hit with a transfer embargo in January, but efforts to agree changes have failed.

The legal threat and concern over the impact of the new £23million parachute payments for the three clubs relegated from the Premier League led Football League bosses to review the regulations.

But all four proposals – three of them related to boosting the level of losses and owner investment permitted – were defeated in a vote by the 24 Championship clubs.

The fourth proposal was for the rules to be imposed based on ‘real time’ financial figures instead of the existing retrospective system.

But it too failed to attract the necessary 75 per cent backing.

According to Football League chief executive Shaun Harvey, other alternatives would now be examined.

Harvey said: “While a majority of clubs did vote in favour of each of the four proposals, they did not achieve the 75 per cent support required.

”We will now continue the positive and collaborative dialogue we have had with Championship clubs on this issue to see if there is any appetite for alternative forms of change.”

Rovers will suffer a transfer embargo in January if they do meet the existing regulations.

Existing FFP regulations state that Championship clubs can make a maximum loss of £3m for the current 2013-14 campaign.

That figure rises to £8m if a club’s owner is willing to convert the additional £5m into shares in the club.

Anything above £3m or £8m will result in a transfer embargo which would come into force on January 1.

The existing regulations permit Championship clubs to lose £6m next season, 2014-15, but £3m of that must be covered by owner investment.

There were three proposals to increase that allowance to either £10m, £11.4m or £12.8m.

Premier League chief executive Richard Scudamore has also expressed serious concerns about the existing system, which is based on just one year, while controls over the top-flight clubs take into account three years’ figures and allow more owner investment.

The first sanctions against Championship clubs will be announced in December based on accounts for the current 2013-14 season.

The existing FFP regulations were agreed in April 2012 by the overwhelming majority of Championship clubs. At that time Rovers were playing in the Premier League and therefore did not have a vote.

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