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Really interesting interchange with Swiss Ramble. Chaps, you will be pleased to here that I have updated the piece and the calculator. It is now set at 'best case for City' scenario. I have removed all the UEFA adjustments - should have done that in the first place. Just put them in if you...

Prestwich's information on IAS is interesting. UEFA's RPT do appear to be the same (or at worse, almost the same) as International Accounting Standard 24. EU countries have been using IAS since 2002. Of course all countries in UEFA are not in the EU. Accounting Standards do change so perhaps...

Prestwich - I understand what you are saying- yes I have read the club accounts and seen the RPT item. Matty made a great point. Prestwich, you might well be right and the IP item will definitely withstand the challenge. If so then their Break Even task is £6.5m easier than I have said. I...

Prestwich. If you have ITK information and are happy the £12.8m Intellectual Property/Know How cannot be adjusted and will fully withstand the required CFCB Fair Value challenge, then when using the calculator, amend the adjustmment from -£6,400,000 to a zero. Are you able to share with us...

Aguero, as I say, the rules on how you write down contracts (from an FFP perspective) are very clear. Its not a case of doing anything retrospective. If there is a contract operating with a player, any purchase price needs to be written down evenly over the life of the contract. It applies to...

Gordon - if you could just repeat the question - what is the question you are you asking me?

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Prestwich maintains that there doesn't need to be an adjustment if you write-down players in the season immediately prior to FFP (but keep the contract running at the club). If this were true then City and every other club would have really missed a trick! They could have written down the book...

Lured back by a post that suggested a club only has to be trending in the right direction to pass FFP. That simply isn't the case and its probably the biggest misconception held about FFP. Lots of jourrnalists have repeated this mistake but it is simply not correct. All trending in the right...

Why not use the calculator and assume zero adjustments by UEFA and the best possible scenario. What do losses need to look like for City to pass? So if we assume: No adjustment for the know Related Party Transaction (£12.8m) No adjustment for the Bridge & Santa Cruz write-down. Pre-June 2010...

JRB raises a good point. City should be fine re FFP in future years (it is just this year and possibly the next that I believe the club have an issue). As losses are trending in the right direction they can expect more leniency than if the trend was negative. PSG's trend (after Fair Value is...

Prestwich raises two really good issues 1 I contend that the write-down for Bridge & Santa Cruz needs to be reversed 2 I suspect the £12.8m paid by the owners to the club for buying 'Know How' and intellectual property can be amended 1 Write Downs The FFP rules require the purchase price of...

Where will City be in 5 years? A few of you have had a dig about me being a 'self proclaimed expert'. In my book, an expert is someone who knows a lot about a subject. As steve_mcfc tweeted yesterday 'to be fair, he knows his stuff'. And I think that is a fair summary. Whether that makes me...

In reply to Prestwich post which was the following: "I have to point out I've made a mistake. I said the maximum acceptable loss was €50m rather than €45m. I misread the document, which says that the acceptable deviation is actually €5m but an owner can cover losses up to a maximum €45m. That...

Prestwich posts something interesting: "The losses shouldn't be more than £60m and are more likely to be closer to £50m" I think it is entirely possible that losses could be £60m for City. The whole point of my piece was to explain how the FFP rules work and the exclusions etc that will be...

In response to to Prestwich's RPT question: Clearly there is some confusion I am a little surprised there is so much interest in RPTs. Essentially both Prestwich and I agree that zero adjustment is likely for the Etihad deal. He/she contents that it is impossible for UEFA to adjust the value...

I will come back to you tomorrow Prestwich Blue - got to go. On RPTs, UEFA have their own carefully constructed definition of what makes a RPT. It's their competition and can surely have a wider definition of what makes an RPT? More tomorrow.

Chaps, got to go now - will have a look through postings and respond (including PB's) BTW, the Hughes pay-off was an exceptional item so not part of wages. Someone mentioned Mancini's pay-off - this will appear in the 2012/13 accounts (i.e. the ones we are discussing) as an exceptional item.

So far the only part of my article that anyone seems to contest is the £80m vs £52.5m part. Is there anything else that people would like to discuss or where you feel I have got something wrong? If that's the case then just change the £52.5m to whatever you feel it should be and change the -...

Do you not have moderators on here - that's a few times people have sworn at me. It's really not on - you invited me on here so how about some self-policing at least!