Is FFP having an effect on the transfer window?

It's oh so quiet. Shhh... Shhh
In my last article I mentioned the fact that we are, so far at least, the biggest spenders of this transfer window.

I also said how surprised that with just one week to go we still hold that accolade, so I thought I’d take a look at it and see just what is going on.

So far in this window a total of Β£18.4m has been spent by Premier League clubs according to Sky Sports, with the bulk of that figure coming from the transfers of Papiss Demba Cisse to us and Gary Cahill to Chelsea. Beyond that though not a lot of clubs are doing anything which is in stark contract to last January when a total of Β£215m was spent. It would take some serious investment for this window to equal the last one!

What is causing this though? Do clubs, in general,not have the cash they once had? Are they keeping their powder dry for the latter stages of the window? Are they watching the purse strings in anticipation of these much talked about Financial Fair Play Rules coming into play?

I don’t know. There are clubs who have been told that they must sell before they buy. Tottenham are one of them and they love to do a deal in January. It’s why Sky love Harry Redknapp. Liverpool are very quiet also. Perhaps Dalglish’s boss is less than impressed with the players bought for the best part of Β£150m? Alex Ferguson insists he is not really looking in January as you can’t get any value, which is odd for a club the size of Manchester United, and Arsenal are just Arsenal.

Pretty much none of the big hitters have done anything yet, but the thing that strikes me is that they don’t look likely to do anything. Rumours are thin on the ground and whilst it’s not a complete picture it’s a marked contrast to previous seasons.

The obvious fact is that these big hitters can just go out and splash the cash at very short notice, or at least they used to be able to, so things could change at very short notice. I don’t envisage the transfer window ending with so little cash spent. Only 18 deals have been completed and eight clubs are still yet to sign anybody. It’s quiet, very quiet.

I just hope it stays that way!

122 thoughts on “Is FFP having an effect on the transfer window?

  1. @Kimtoon

    The wife is a seamstress so as soon as I got home she inserted a zip the full length of the cast.

    I just take it off and do bicep curls so I don’t get muscle wastage and she throws it in the washing machine to clean.

    Surgeons would gan mad if they knew. 😯

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  2. Liam πŸ˜† never seen that, and it only came up on my twitter a couple of mins ago. If we were to get all the players we were bidding for we could fill the team with defenders πŸ˜†

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  3. [email protected] πŸ˜†

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  4. Ice maybe Pards could try as a striker im sure he would do as much as Strolla πŸ˜†
    Yeah I heard that but there is a few players I haven’t seen pics of.

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  5. DAVE kna benny hasnt been there at any point mate there saying he in france for some cup draw,hes makeing the draw or sumit πŸ‘Ώ

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  6. Is it fair to say that Liverpool are sort of doing a Leeds and gambling on finishing in the champs league spots after spending Β£100m. I was having a conversation about this earlier and I couldn’t really answer where they get all that money from other than having American investors and being in lots of debt. Yet for some reason we never seem to think if they don’t finish in the top 4 (likely) that they would be in financial trouble. Why is this? Can anybody answer. Do Liverpool and Man U just have a much larger income stream to Leeds?

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  7. DJG – I went through the Liverpool transfers a few months ago and they actually come out reasonably even interms of outgoings and incomings. It’s only the past year or so they have spent a fair bit more than they have sold on, but I dont think things are that bad them to be honest. Unfortunately!

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  8. DJG-Yeah as Shamrock says, they’re not that badly off when it comes to transfers in total, and secondly yes they’re branding is far larger than leeds’. They’re probably still the second biggest team in both England and the wider world in terms of branding. Unfortunately πŸ‘Ώ

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  9. So they are selling good players that other top clubs want (and will pay a lot for i.e Torres) and they are then spending over the odds to take the next big thing English players from clubs like Newcastle and Sunderland. I’t a very risky strategy if you ask me, selling quality international proven players for one season wonder youngsters. It clearly isn’t working. Maybe it’s just Dogleash.

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  10. DJG – I take that back. Just looked at them again.

    This season – minus Β£38m
    Last season – plus Β£3.5m
    2009/2010 – plus Β£5.6m
    2008/2009 – minus Β£22m
    2007/2009 – minus Β£38m
    2006/2007 – minus Β£25m
    2005/2006 – minus Β£22m
    2004/2005 – minus Β£30m
    2003/2004 – minus Β£14m
    2002/2003 – minus Β£15.5m

    Grand total of minus Β£195m in the last 10 years. Almost Β£20m a season! Ouch. I know they have a worldwide fanbase etc etc, but that must hurt?

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  11. ‘Yet Guinea were caught on the hop after half an hour as Mali scored against the run of play with their first attack of note.

    Striker Modibo Maiga, whose Newcastle United move broke down because of knee concerns, got to the byeline before his pullback eventually found the onrushing Traore whose powerful drive took a deflection as it whistled past Yattara.’

    Meh, i’m pleased with Cisse and didn’t think we’d get a striker.

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  12. Its risky but I can’t see them every really crumbling as a club, that dream vanished when Hicks and Gilette had to fuck off, real shame really. All we can hope for is they diminish as a brand, as a an attractive force and slowly become just another average pl side.

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  13. DJG @ 91, their brand is huge and therefore they get some good money that way (Merchandise sales and sponsorship). And as long as they can service the debt, they can continue to operate. That’s the problem with clubs that have gone into administration and such…just can’t service the debt. Man Utd is what, like a $1Billion in debt, but they can service it…so they can still operate. Somehow that seems wrong, but until a bank comes calling for it all at once, there’s no reason they can’t keep operating as normal.

    Personally, and I don’t know why, but I keep hoping Liverpool and Man Utd’s debt catch up with them and they crash hard. But due to brand strength, that just won’t happen.

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  14. Hopefully this will be 2 seasons on the trot they fail to qualify for any form of European footy too. I think we have a real chance of taking their place on the Continent next season if lady luck smiles on us a bit…

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  15. Watched the Cardiff v Palace game tonight.
    Didn’t think much of Clyne, didnt look any better than Simpson IMO
    Zaha looked alright but not worth the money that’s been mentioned for him.
    The lad Scanell who came on looked a canny turn tho

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  16. NorCal Toonfan
    January 24, 2012 at 23:04
    ‘Man Utd is what, like a $1Billion in debt, but they can service it…so they can still operate. Somehow that seems wrong, but until a bank comes calling for it all at once, there’s no reason they can’t keep operating as normal.’

    But surely they are just the same as me or you, or a government ect. The more and more money they owe the more interest the bank is going to want to service the debt and it gets to the point where they are just paying interest and not the actual amount back; it can’t be healthy and it’s hardly a strong financial position to be in. I don’t care how many Man U t-shirts and baseball caps they are selling in Singapore.

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  17. Newkie @99 they will with ‘King’ Kenny Dullglitch at the tiller. If Jose wanted to come back would all be forgiven? Hmmmm…. πŸ™„

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  18. Tsunki-Aye that’s the hope πŸ˜› And hopefully he won’t get the sack because of his ridiculously godlike status, that’s all we can hope for until he eventually takes the bullet and saves some pride.

    And when they bring in another high profile manager they’ll want to completely revamp the squad and likely get a couple of foreigners in and ship out the shite “english talent” they’ve been landed with. All very expensive stuff :mrgreen:

    I certainly wouldn’t forgive him, but hey if he wants to bench warm and take a pay cut he’s welcome to it πŸ˜€

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  19. Y’know I used to think ol’ Juan Sheet was a dirty money runner but in hindsight I’m beginning to think the young lad had his head turned by the Joey Nolans who probably told him to go to fairy scouseland for his health. If, say, he begged to come back and Kenny was forced to selling him back to us for 4Mil would I have him. Let me th..Yep! If I were kenny boy I would seriously put downing in charge of the burger van outside the ground cos thats the only way to get any money back for that pile.

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  20. BTW is everybody absolutely convinced that the Cisshoko deal is totally out of the window now? Could we all be caught hoggers down with this one as well?

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  21. I would take him back if he appologised and admitted he was wrong in leaving, but lets face it it wouldn’t happen anyway. He’s on big money and Lpool definitely won’t sell him for cheap as he’s still playing well for them. Santon should hopefully become a better player than him all round, and if we can bring in an equally cheap and able right back we’ll have no need of jose anyway.

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  22. And as far as Ciss goes, can’t see it myself. If we don’t bring in a cheap CB we won’t bring in anyone imo. Unless we sell.

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  23. Am I right in saying that NUFC have quite a sizeable marketing presence abroad? More so than some of the ‘Big’ clubs in some countries?

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  24. Tsunki-we certainly used to, when I was about 7 I moved to singapoore and on arrival I managed to find the figures of our 1997-1998 squad on sale, with the only other club being man united πŸ˜€ When I moved to Aus a couple of years later we were fairly well known there, although people thought people with geordie accents were Irish or Scottish usually πŸ˜†

    They were in the good times though..you’ll still find toon shirts around the place, but as far as breaking into “new” markets like China, I don’t really know if we’ve had any success at all. No doubt we’ve been losing ground to teams like spurs and city and possibly even Villa.

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  25. DJG @ 105…you’re right, it’s not healthy, but as long as they can pay the interest, then what’s to worry about? Like I said, I think the only time it would become an issue is if the bank comes calling for the full amount. The problem with Greece, Portugal and others in the Eurozone, was the fact that the governments couldn’t even service their debt…so they were relegated after selling off what assets they had…moved from 2nd world nation down to 3rd world nation. πŸ˜€

    Now, they may also run into a situation where they try to refinance the loan or extend it, and no bank wants to have that debt on its books…I think that’ why the two yanks that used to own L’pool had to sell…or at least the bank sold to the new yank because they wanted rid of that debt obligation and they couldn’t handle it. So, who knows maybe the Glazers will find themselves in that situation eventually as well. One can only hope.

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  26. If you believe the journalists we’re hell bent on bringing in a top class center half in the summer – a Vertonghen, Douglas, Mbiwa.

    If that’s the case, with Taylor coming back from injury we should break our general rule and get someone in on loan just to cover us until the summer.

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  27. Personally I’d like to see a youngster who could take Colo’s place in the long term and who can play in the cup matches nowadays or do a job when called upon…only problem is I have no idea who could fill that role πŸ˜• Either way we need a decent young prospect IMO if Kadar is never going to play again..

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  28. If we are to bring in quality in the summer,speculate now ,who knows the slim CB may spend if he thinks shedding pounds is a good idea πŸ˜‰

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