PL charge City for alleged breaches of financial rules

[Gaylord du Bois]

Not sure this is possible to do without knowing the contract length of players, salaries and which players were sold to make up the net spend given that transfer fees are not all equal for ffp purposes.

That's a red shills account. A complete buffoon.

 

[Blue Maverick]

Can I ask the non cooperation charges how has this come about, did we not supply information for accounts or are they asking for more that we don’t have to supply?

 

[SilverFox2]

They are over £800 million in debt, they made a £50 million loss in 2022, they made a £61 million loss in 2023. Probably why they took the money for Kane last summer to avoid failing psr. The interest rates going up will have hurt them however they do very well on match day income.

Long term debt especially now that interest rates rise seem to be an acceptable form of funding.
City seem to avoid this and prefer debt free. Has this preference been justified after income streams worsened during covid years or is it just less of a risk?

 

[terraloon]

Yes but the debt is all about the stadium and does not affect ffp. Are operating profits healthy.? Ebitda, that is.

Grrrr. They are and from memory I think Levy negotiated a fixed rate 25 year deal re the stadium debt

 

[terraloon]

Long term debt especially now that interest rates rise seem to be an acceptable form of funding.
City seem to avoid this and prefer debt free. Has this preference been justified after income streams worsened during covid years or is it just less of a risk?

Debt free or soft loans are not a million miles apart save when the owners want out.
There seems to be quite a few clubs that have owner loans and are charged interest even though the interest doesn’t get paid it just increase debts to creditors.
FFP as we all know is seriously flawed and like any “ target” it drIves behaviours but with it in place it had to be adjusted to factor in inflation. Energy costs alone have hurt us all and when, like Leicester, they use 17 million KwH of energy pa then the significant cost increase of basics should and could easily have been acknowledged

 

[manimanc]

FFP rules are like a tracker mortgage, they fluctuate, they change and are not set in stone, hence the complete mess the Premier League finds itself in.
I find it highly amusing how it's turned into a soup sandwich in a heartbeat.

I blame the rags. If only they did things the utd way and didn't balls it up on and off field post taggart FFP would be untouched.

 

[feedmpenzaandhewillscore]

FFP rules are like a tracker mortgage, they fluctuate, they change and are not set in stone, hence the complete mess the Premier League finds itself in.
I find it highly amusing how it's turned into a soup sandwich in a heartbeat.

I blame the rags. If only they did things the utd way and didn't balls it up on and off field post taggart FFP would be untouched.

It’s been a perfect storm for this all this shit to hit the fan, clubs coming back from losses during covid. Inflation tracking up across the world with borrowing money more expensive, then transfer fees going up and up. The three year £105 million in losses doesn’t reflect this and needs to be moved upwards. It’s getting to the point where a 3rd of the league are looking over their shoulders as ffp and the teams coming up potentially will already have sanctions waiting for them. We will have a situation where the likes of Luton can’t plan for next year as they don’t know what league they will be in pending what happens at Everton and Forest. Football existed for over 100 odd years before financial fair play alright, god knows why they decided to kill their product by bringing in these stupid rules back in the last decade.

 

[Big Joe Corrigan]

It’s been a perfect storm for this all this shit to hit the fan, clubs coming back from losses during covid. Inflation tracking up across the world with borrowing money more expensive, then transfer fees going up and up. The three year £105 million in losses doesn’t reflect this and needs to be moved upwards. It’s getting to the point where a 3rd of the league are looking over their shoulders as ffp and the teams coming up potentially will already have sanctions waiting for them. We will have a situation where the likes of Luton can’t plan for next year as they don’t know what league they will be in pending what happens at Everton and Forest. Football existed for over 100 odd years before financial fair play alright, god knows why they decided to kill their product by bringing in these stupid rules back in the last decade.

You know why they brought them in.

 

[WRicko]

Not sure this is possible to do without knowing the contract length of players, salaries and which players were sold to make up the net spend given that transfer fees are not all equal for ffp purposes.

We know roughly what players earn the contract lengths and which players are sold people have done good estimates in the past

 

[halfcenturyup]

Debt free or soft loans are not a million miles apart save when the owners want out.
There seems to be quite a few clubs that have owner loans and are charged interest even though the interest doesn’t get paid it just increase debts to creditors.
FFP as we all know is seriously flawed and like any “ target” it drIves behaviours but with it in place it had to be adjusted to factor in inflation. Energy costs alone have hurt us all and when, like Leicester, they use 17 million KwH of energy pa then the significant cost increase of basics should and could easily have been acknowledged

Except that football revenues have been increasing much faster then personal incomes. There really is no excuse to lose more than the permitted level other than the club thinking they would get a fine, not a points deduction. Big mistake, hence the panic now.

No fan of FFP but to say the limits need increasing for the cost of living is just crazy, no? If you support FFP, you have to work to meet it.

Also, soft loans should have an imputed market rate interest for FFP purposes, imo. Put equity in or expect to have punishnent for the increased risk to the club.