Crystal Palace part-owner John Textor has hit out at the Premier League and their profit and sustainability rules in a new rant following the charges levelled at Everton and Nottingham Forest.
The American owner insisted that the owners should have the freedom to do as they like and questioned how the Premier League could deduct points for owners’ expenses when it is their money.
He continued by saying that the regulations are more about keeping the larger clubs large and the smaller clubs small than they are about sustainability.
“To say that financial fair play is about sustainability is a fraud of a term.” The problem of sustainability is a hoax. The quality of your balance sheet, not ratios compared to your profit and loss, should be the focus of sustainability. In reality, nobody finds that to be logical.
Everton could kickstart outrage against the Premier League
There seems to be a shift occurring among the English football premier league clubs. Plenty of outrage is starting to stir, given the ramifications of the Everton points deduction and the accompanying appeals process.
all while contrasting the income ratio with profit and loss.
Textor blasted, as reported by The Times on February 29: “It’s obvious that they’re designed to ensure that clubs that don’t generate a lot of income can never catch up.
“You’re not allowed to spend money, even if you have a billion dollars in cash in a wheelbarrow. Does that even make sense?
“Marinakis [the owner of Forest] has more than enough money to support his team, yet he cannot. Someone comes along and docks him points if he spends too much and gives in to what the supporters want? That is incorrect.
Sam Allardyce and Jeff Stelling, two former managers and commentators, have recently voiced their disapproval of the Premier League and the manner in which they have conducted themselves thus far this season.
Although generally amiable at meetings between the clubs, Textor is not the first club executive to take aim at the Premier League; one has previously criticised CEO Richard Masters for his poor leadership and lack of vision.
It wouldn’t be shocking to hear more in the near future given the growing tensions between clubs and the league and the ongoing reports of additional worries raised during the PSR case decision-making process following the Everton ruling.
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