(David Ornstein) Premier League fails in bid to close loophole letting clubs use profits from sale of hotels, training grounds, other tangible assets in FFP submissions. Proposal at AGM fell short of 2/3 majority needed (votes 11/20).
That seems like a poorly drafted proposal. They don’t need to get rid of the sale balancing FFP. They need to disallow clubs selling those properties to their parent companies, ala Chelsea.
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That seems like a poorly drafted proposal. They don’t need to get rid of the sale balancing FFP. They need to disallow clubs selling those properties to their parent companies, ala Chelsea.