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Macclesfield punishment date

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GollyGTFC
June 20, 2020, 4:22pm

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Quoted from Gaffer58
Even in the premiership FFP is a joke, take Man U, they were “bought” by the Glaziers, basically on a mortgage using the clubs yearly profit  to pay the interest payments each year, but now their dept is even higher then when first bought, so why aren’t they classed as overspending. Much to complicated for my mind to work out.


Sorry, but football is a business in England. And when you run a sport like a business you can't complain when people buy clubs and treat them like a business investment.
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GollyGTFC
June 20, 2020, 4:40pm

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Quoted from Gaffer58
Even in the premiership FFP is a joke, take Man U, they were “bought” by the Glaziers, basically on a mortgage using the clubs yearly profit  to pay the interest payments each year, but now their dept is even higher then when first bought, so why aren’t they classed as overspending. Much to complicated for my mind to work out.


Forbes's last report valued Manchester United as the most valuable football club in the world at around US$4.1 billion with debt standing at 18% of their value.

Grimsby Town's last accounts show issued share capital of £2,277,200 and debts of £2,027,250 which is 89% of value (issued shares).

So I don't think we as a club are in any position to criticise Man Utd for being in debt.
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promotion plaice
July 3, 2020, 5:55pm

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Looks like there's still hope for Stevenage, the EFL have announced today that they will appeal against the sanctions imposed against Macclesfield in June.


When Leeds trainer Les Cocker was once told Norman Hunter had broken a leg, he asked: “Whose is it?”
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Stranger in the Park
July 6, 2020, 12:49pm
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Why don't they just remove both clubs- albeit for different reasons but both valid- and promote two from the NL, instead of all the pointless procrastination.
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arryarryarry
July 6, 2020, 5:21pm
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Quoted from Stranger in the Park
Why don't they just remove both clubs- albeit for different reasons but both valid- and promote two from the NL, instead of all the pointless procrastination.


They are promoting 2 from the NL if the NL confirms that the relegated club will be accepted.
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