MX23RW : Wednesday, March 12 12:15:30| >> :120:40903:40903:

Wolverhampton Wanderers chairman questions FFP rules

Wolves chairman questions FFP rules
© Offside
Wolverhampton Wanderers chairman Jeff Shi suggests that Financial Fair Play rules should be changed to better reflect a club's financial position.

Wolverhampton Wanderers chairman Jeff Shi has suggested that the current Financial Fair Play rules should be changed to better reflect a club's financial situation.

Under current rules, EFL clubs are not permitted to make a loss of £39m over a three-season period, with potential fines and points deductions facing those who fall foul of the limit.

Championship leaders Wolves have racked up spending of £67m since Chinese firm Fosun took over the club in the summer of 2016, although an anticipated promotion to the Premier League this season would eliminate any FFP concerns.

Speaking to the Express & Star, Shi argued that profit and loss is not the best measure of a club's true health, saying: "There's a contradiction behind the rule. It's about how you can't have a huge loss in three years but what's the intention?

"If it's to make a club more stable so you don't go into administration and have enough money to cover costs, then from a financial view profitability is a not a good judgement of that. The better judgement is equity and debt.

"The rule is there and we will try to follow...so far so good, we are complying, but from an investment view it's strange. I have every right to invest more into the club. If you really want to build a truly even field why do the three clubs relegated from the Premier League have so much money from parachute payments? If you want a truly even league they should cut that.

"We are competing with some big clubs who have parachute payments, six or seven in this league. So if we don't put money in, how can we compete? It's restrictive to clubs with ambition. Of course people should be careful with their finances but the rules should changed a bit. I just hope the league have more positive messages to encourage some innovation."

Wolves currently top the Championship standings with a 10-point advantage over third-placed Aston Villa.

ID:321054: cacheID:321054:1false2false3false:QQ:: from db desktop :LenBod:restore:2771:
Written by
Neil Wilkes
Restore Data
Share this article now:
General view inside Wolverhampton Wanderers ground Molineux from 2015
Read Next:
Shi: 'Wolves' financial losses are normal'
>
Read more about Jeff Shi Football
rhs 2.0
Today's games header
Tables header RHS
TeamPWDLFAGDPTS
1Liverpool29217169274270
2Arsenal281510352242855
3Nottingham ForestNott'm Forest28156745331251
4Chelsea28147753361749
5Manchester CityMan City28145953381547
6Newcastle UnitedNewcastle2814594738947
7Brighton & Hove AlbionBrighton28121064640646
8Aston Villa2912984145-445
9Bournemouth28128847341344
10Fulham2811984138342
11Crystal Palace2810993633339
12Brentford28115124844438
13Tottenham HotspurSpurs281041455411434
14Manchester UnitedMan Utd2897123440-634
15Everton2871293135-433
16West Ham UnitedWest Ham2896133248-1633
17Wolverhampton WanderersWolves2865173857-1923
18Ipswich TownIpswich2838172658-3217
19Leicester CityLeicester2845192562-3717
20Southampton2823232068-489


Sports Mole provides in-depth previews and predictions for every match from the biggest leagues and competitions in world football.
Argentina's Lionel Messi kisses the World Cup trophy after collecting the Golden Ball award on December 18, 2022Sign up for our FREE daily preview newsletter direct to your inbox!