The statement from Forest about FFP in that Guardian article reads as we have broken the rules but our defence is that the rules are only really guidelines.
Until Man City are stripped of everything FFP is a sham. They wont be because they will just lawyer it out or plea bargain some phoney sanction. So, now we have not only a system that protects the Status Quo but also one that if you mega-cheat you can bypass with impunity. Brilliant.
You don't still care about the premiershit do you? That thing designed to exploit the pyramid, then destroy it, having passed all the cash to the top clubs, so that nobody else can compete.
Also the FFP hit (at worst) will be to bring forward one years wages as the current years wages would be included anyway - we don't know the deal done, or any loan fee. I would guess the Brennan money means that FFP isn't an issue for the current year.
What's more concerning to me is why we don't seem to have corrected that it wasn't a loan and does that have any regulatory implications?
I think someone worked out that if all our reported overseas loans were actually loans, we'd be over the limit (of 7?), so one of them couldn't be (assuming the club know the rules and/or the FA wouldn't let us be in breach). Freuler was reported as loan with an obligation to buy(?), so the assumption was that he was the one that didn't count as a loan. Clearly now it was Shelvey who was misreported.
Laryea, Dennis, Mbe Soh, Richards, Mighten, Freuler (?).
Does Donnelly count as an overseas loan as he's outside the FA, in Scotland?
(Plus Back, Panzo, Hammond, O'Brien, Bowler, Taylor, Hwang at English (and Welsh) clubs)