It's not my fault
Right, well as you can all see it's me again. This is gonna be a short one and basically just a quick and informative rant.
Okay, so fans are driving me insane! With the same question over and over and over and over and over and over again. Where's all our money? Why won't FSG give Edwards the dosh to go out and get some world-class talent? Where're all our winnings?
My advice here is to go and learn about how FFP works, and yes City have made a mockery of it but that doesn't mean that everyone goes and pisses their money against the wall. We all still have to try and stick within the parameters of the rules until we hear otherwise. I certainly don't want our club to be the first ones who flaunt the rules and get hammered for it, so for me, it's stick to the rules for now.
Then once you've learned the very complicated rules of FFP, go and look up our accounts over the past 3 seasons, which like all football clubs are publicly available. If you do that you will see why I and more importantly the experts say what we say about our finances.
Then we take the fact that most of our direct competitors have taken loans and have greatly reduced their spending power after this summer.
Spurs - 200m loan (Levy)
Utd - 175-200m overdraft (Bank of America)
Chelsea - 200m loan (Abramovich)
City - whatever they need (Mansor)
The list goes on, and these are the teams that fans keep telling me are spending money, without even questioning where it came from. That's like me telling someone they're a rabbit and that person just accepting it as a fact and then going around telling everyone he's a rabbit without even knowing why!
Lastly, FSG could loan us money, but they won't, as they would have to do the same with the Major League Baseball club Red Sox, who have a far larger staff and from what I can see is far more expensive to run. That also takes value from the club and the knock-on effect is a reduced spending power and carrying club debt. FSG can spend whatever they like on infrastructure as it doesn't fall within FFP, and they've done that to the tune of around 350m in the last 5 years. So it's not like we've been neglected by our owners like many fans are making out. They're actually protecting our clubs future.
All in all, Reds, what I'm saying is that all this stuff is very easy to find with a little research, and in this day and age, that is a very easy thing to do, you might even find that you find it all very interesting and like me, end up reading all the books and papers about it. So read and learn, or if reading isn't your thing just ask and I'll give you the answer of I know it.
Hopefully, this will stop fans getting angry with me because I keep pointing out the realities of our situation, COVID-19 isn't my fault, it's just a fact of the world we live in. Understand the situation, and then you'll understand why we're doing what we're doing.
Comments
Claps all-around man, a brilliant one. We all want FSG to spend but we must be patient, for sure.
Great comments, but I am sure the owners will ensure our squad is improved in the summer transfer window YNWA
I agree, I still think we'll bring in a couple of good squad players
We don’t have the same money as city or Utd although utds is all debt. We have assembled a team from nothing or rather Klopp has let’s have faith
Yeas I know, that's why I wrote this blog Thomas. Actually that's pretty much what my blog explains, all the clubs that have money, have borrowed it, every club who spends big will be in debt, so even City will have to put theirs down as debt, but it's worth mentioning that I don't feel City will go out and spend 100m,i think they're actually trying to stick within the rules the last couple of seasons and there's been no talk if any loans.