FL remove 'one in, one out' transfer restriction (1 Viewer)

skybluebelgium · Jan 14, 2014

On the off website !! Not a bad thing !!

http://www.ccfc.co.uk/news/article/...clearance-football-league-140114-1293418.aspx

Good news !!!!

RoboCCFC90 · Jan 14, 2014

I think this is what has been holding up the Seaborne deal, hopefully it'll go through quickly now.

Pete in Portugal · Jan 14, 2014

From the offal: http://www.ccfc.co.uk/news/article/...clearance-football-league-140114-1293418.aspx

Free to make transfers, but subject to some financial conditions.

Coventry City handed clearance to operate in the transfer market following meeting with the Football League
Following a meeting with The Football League, Coventry City Football Club have now been given clearance to operate in the transfer market, subject to certain on-going conditions.

It means the Sky Blues are now able to sign players again without having to adhere to a one-in, one-out policy. However, the club must still demonstrate it has the finances to meet any new player’s liabilities as a condition set by The Football League.

Coventry City’s development director Steve Waggott said: “Myself, Steven Pressley and Neil MacFarlane are delighted to be able to resume a more normal service with regard to the future transfer of players.

“We have prudently cut the cost of our first team squad over the last few months, while maintaining our competitiveness in League One.

“Like all clubs, we still have to fulfil the Salary Cost Management criteria and operate under The Football League's rules and regulations, but to be able to plan in a more normal operational manner is great news, with just the League’s usual conditions to meet because of the recent exit from administration.

“A huge thanks must go to the owner for injecting the required funding to allow us to move into this stronger position.”

lordsummerisle · Jan 14, 2014

So good I had to read it thrice!

Gint11 · Jan 14, 2014

Great news! Another step towards normality!

Pete in Portugal · Jan 14, 2014

Sorry for the duplicate post SBB - you beat me to it.

RoboCCFC90 · Jan 14, 2014

“A huge thanks must go to the owner for injecting the required funding to allow us to move into this stronger position.”

So money is being invested in then as the Football League had to approve this, how much 'required funding' are the owners going to make into the Club before they see that the Ricoh is the only way forward?

Cheshire Sky Blue · Jan 14, 2014

RoboCCFC90 said:
“A huge thanks must go to the owner for injecting the required funding to allow us to move into this stronger position.”

So money is being invested in then as the Football League had to approve this, how much 'required funding' are the owners going to make into the Club before they see that the Ricoh is the only way forward?

I think they know that the RICOH is the only route forward. What they are doing is trying to get it for very little.

RoboCCFC90 · Jan 14, 2014

Cheshire Sky Blue said:
I think they know that the RICOH is the only route forward. What they are doing is trying to get it for very little.

Well according to Tim Fisher the Ricoh is Plan B, maybe should he stop saying "She Said" this and the other and get on with purchasing the Ricoh instead of building a new ground.n

Nick · Jan 14, 2014

Good news, just need to see if we can get signings in now

fernandopartridge · Jan 14, 2014

Although I'd imagine the club will set its own 'one in one out' policy tbh

oldskyblue58 · Jan 14, 2014

RoboCCFC90 said:
“A huge thanks must go to the owner for injecting the required funding to allow us to move into this stronger position.”

So money is being invested in then as the Football League had to approve this, how much 'required funding' are the owners going to make into the Club before they see that the Ricoh is the only way forward?

Would be good if they could just clarify exactly what they have done in that respect. Only details so far are that ARVO have lent Otium £9.1m (a big chunk of which carries interest)and that Otium have issued £500k in shares of some description.

I would think that with the FA cup run the finances have improved in terms of salary protocol( FFP) plus if they sell on Clarke & Christie then we would be within that the limits I would guess.

We have got rid of nearly all the high earners and reliant on cheaper players including a lot of youngsters, some of which will not be covered by the salary cap rules

what the rules say

All player wages are included in the calculation. This covers basic wage, bonuses, appearances and any other add-ons. The calculation also includes PAYE, medical costs, cars and travel and also agent payments. Basically the full cost of a player is included. Players included are all contract players (full contract, non-contract, multiplicity etc.) and loan players. Players loaned out are deducted for the period of the loan. Players not included are youth players on a professional contract (i.e. players that have been in the club’s YD scheme and have been given a pro contract. They must be 20 years of age or under at the start of the season to be discounted from the SCMP calculation).

That said it is good that they are able to trade players more normally

quinn1971 · Jan 14, 2014

Council meeting today about the ricoh arena. Could be more good news.?

runner · Jan 14, 2014

Fair play ... it is good news, but if we can't keep the good ones and only add in some more at the bottom with lesser quality, the overall effect is still a poor one.

Captain Dart · Jan 14, 2014

The last line of the article means CCFC debt has been increased.

“A huge thanks must go to the owner for injecting the required funding to allow us to move into this stronger position.”

Read more at http://www.ccfc.co.uk/news/article/...eague-140114-1293418.aspx#VM51jUSV8RsJqjJx.99

oldskyblue58 · Jan 14, 2014

quinn1971 said:
Council meeting today about the ricoh arena. Could be more good news.?

Who is meeting? the full council, a committee? it isn't listed on the Council online diary

covcity4life · Jan 14, 2014

i think i speak for everyone when i say THANK YOU SISU

chiefdave · Jan 14, 2014

Captain Dart said:
The last line of the article means CCFC debt has been increased.

I thought for FFP purposes the owners could only put money in as equity?

mrbluesky87 · Jan 14, 2014

covcity4life said:
i think i speak for everyone when i say THANK YOU SISU

:sarcasm:I HOPE OTHERWISE ointlaugh:

quinn1971 · Jan 14, 2014

Not sure but you can follow the meeting on the council website. Significant news regarding the ricoh but isnt about a return

dongonzalos · Jan 14, 2014

Slightly embarrassing that we are blowing the fan fare, because the club have finally got back to where it should always be if not mis managed. Really enjoyed the line at the bottom that we should thank the owner for that.

SIR ERNIE · Jan 14, 2014

covcity4life said:
i think i speak for everyone when i say THANK YOU SISU

Well you think wrong because you certainly don't speak for me.

I thank SISU for nothing. They are the worst thing to ever happen to this club.

Broken Hearted Sky Blue · Jan 14, 2014

SIR ERNIE said:
Well you think wrong because you certainly don't speak for me.

I thank SISU for nothing. They are the worst thing to ever happen to this club.

I think they're greatWhere the hell is that bottle of JD

rightumpty · Jan 14, 2014

Is it right that 6 players have refused to join Coventry City and if so isn't that a sad enditement of what's happening with our club.

dongonzalos · Jan 14, 2014

SIR ERNIE said:
Well you think wrong because you certainly don't speak for me.

I thank SISU for nothing. They are the worst thing to ever happen to this club.

I assume it was sarcasm?

dongonzalos · Jan 14, 2014

rightumpty said:
Is it right that 6 players have refused to join Coventry City and if so isn't that a sad enditement of what's happening with our club.

Where have you heard that?

Hobo · Jan 14, 2014

rightumpty said:
Is it right that 6 players have refused to join Coventry City and if so isn't that a sad enditement of what's happening with our club.

Where has that come from?

AJB1983 · Jan 14, 2014

SIR ERNIE said:
Well you think wrong because you certainly don't speak for me.

I thank SISU for nothing. They are the worst thing to ever happen to this club.

No we should be grateful to them...all the millions they've 'invested'...the progress we've made under them

torchomatic · Jan 14, 2014

Whoosh, etc.

SIR ERNIE said:
Well you think wrong because you certainly don't speak for me.

I thank SISU for nothing. They are the worst thing to ever happen to this club.

torchomatic · Jan 14, 2014

Is it right that Marilyn Monroe was a size 16?

rightumpty said:
Is it right that 6 players have refused to join Coventry City and if so isn't that a sad enditement of what's happening with our club.

rightumpty · Jan 14, 2014

Is there ever any good news.

rightumpty · Jan 14, 2014

Normally a good source, but just wondered if anyone else had heard similar

dongonzalos · Jan 14, 2014

I have heard nothing like that.
It would not shock me. Many disagree with this.
However I completely believe that with comparable wages if CCFC were at the Ricoh they would have an advantage over other teams in this league when attempting to sign players, at the moment I think we have not only lost the advantage but took a step in the other direction.

Skyblueweeman · Jan 14, 2014

rightumpty said:
Is it right that 6 players have refused to join Coventry City and if so isn't that a sad enditement of what's happening with our club.

Yeah, you're right. I'm gutted that we won't be seeing Messi, Ronaldo, Bale, Ribery, Puyol or Casillas in our beloved CCFC colours.

Hey ho....

WM

tisza · Jan 14, 2014

chiefdave said:
I thought for FFP purposes the owners could only put money in as equity?

bump this as i thought this was the case for FFP but what about for the salary protocol?

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