Finance Expert: Rangers should be fine as new FFP rules brought into place
We’re delighted to welcome football finance expert Dr Daniel Plumley as our exclusive columnist. Each week he’ll be giving his views on the biggest talking points at Rangers...
Dan Plumley has insisted that Rangers should be fine with Financial Fair Play rules changing with clubs now technically allowed to lose more now.
The Finance Expert admitted that there is a flux to fall in line with most clubs trying to hit the “magic” target of wages to turnover ratio of 70%.
With workshops planned to bring clubs up to speed, the changes are coming quickly with Rangers already on the UEFA watchlist for FFP after their success last year.
“I think the workshop is necessary to bring the clubs up to speed,” he exclusively told Ibrox News.
“I think it shouldn’t be too much of an issue for Rangers and a number of other clubs, from what I can see, the regulations are a little more straightforward than the previous version, a lot of it is based around the wages to turnover to ratio and getting to a magic number of 70% that there are three years worth of transition to that where it can be 90, 80 and then 70%.
“So, you have a bit of flux there for clubs to fall in line with that if they’re not doing so already and most clubs were already trying to target that as the magic number anyway.
“Also, you can lose more, it’s actually double the acceptable losses than the previous regulations so there are a couple of cushions there for clubs that I would suggest they should be ready for and adapt to.
“Obviously, you want to get under the skin of all the details and that’s what the workshop is for but I think Rangers should be ok in terms of those transitional periods.”
In other Rangers news, this finance expert admits the Bears have numerous options on the table to generate more investment when needed