March 1st might not seem that important a date in the football calendar – after all, it’s a Thursday night and Blues won’t be playing that day. However, it is a day that could tell us a lot about Blues future in the next 12 months – and all because of those three dreaded letters, FFP.
Birmingham Sports Holdings today confirmed in an announcement to the Stock Exchange of Hong Kong a warning of a substantial increase in loss in the interim accounts which are due to be published at the end of February.
Financial Fair Play was put into place to try to even the playing field. It was a measure to stop clubs from overspending in a bid to reach the top flight and gain an unfair advantage against those who were frugal. It’s fair to say it’s not working.