City & FFP | 2020/21 Accounts released | Revenues of £569.8m, £2.4m profit (p 2395)

Damanino said:
The Nike deal has to be improved dramatically. 12m per year is a joke. Nike did very well to ties us down for years for so small amount.

Adidas paying United 75m with them having their worst kind of results since Ferguson retired. With hardly any CL performance from them recently.

Would expect 40-50m per year deal and hopewe change from Nike too. If we sign a contract for 5-6 years again for 20m per year we are fools.
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We are moving to Under Armour next season.
 
Neville Kneville said:
People are forgetting, they could sell Neymar & Mbappe, maybe for a profit. They may be worth more next year, than they are now, once Utd pay 200 mil for Bale, or some other ridiculous move. In fact I bet Utd would buy Neymar for more money than PSG paid.

As for UEFA, they have set up a system for clubs hadning over their accounts for assessment. It's none of their fucking business, or La Liga's, what is in a club's accounts prior to that period & PSG should refuse to let them see anything. If they are in breach of the rules when the time comes to hand in the accounts, then it's UEFA's business.

I don't see PSG having any problems at all financially.
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Presumably they won't but that is because they have done a deal - the Mbappe "loan" - which is probably not in the spirit of what UEFA intended with FFP. PSG have in substance bought Mbappe on extended credit terms but presumably won't account for the deal that way, which implies that their income statement for this season couldn't handle the amortisation of Mbappe's transfer fee. Otherwise, why bother with the loan?
 
It seems Barcelona continue to do as Arsenal do, but on a grander scale. This time it's being poorly organised petulant shits.
 
ChicagoBlue said:
Why does anyone care, least of all UEFA?! FFP hasn't done a damned thing to help football. Nothing!
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Love the rest of your post but have to take a bit of issue with this. FFP, with its myriad faults, has helped to significantly reduce losses among European football clubs. There's a great deal more financial stability now than there was 5 years ago.

Of course we all know what's wrong with it - it's entrenched the elite and it's not even a particularly good way of measuring financial stability. But it has made a difference overall.
 
Prestwich_Blue said:
Love the rest of your post but have to take a bit of issue with this. FFP, with its myriad faults, has helped to significantly reduce losses among European football clubs. There's a great deal more financial stability now than there was 5 years ago.

Of course we all know what's wrong with it - it's entrenched the elite and it's not even a particularly good way of measuring financial stability. But it has made a difference overall.
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I agree, ffp has at least highlighted some of the ills of football finance.

If it had originated from an independent body, rather than from a body that is part of the problem, it may have been less political in nature, and more successful.
 
Prestwich_Blue said:
Love the rest of your post but have to take a bit of issue with this. FFP, with its myriad faults, has helped to significantly reduce losses among European football clubs. There's a great deal more financial stability now than there was 5 years ago.

Of course we all know what's wrong with it - it's entrenched the elite and it's not even a particularly good way of measuring financial stability. But it has made a difference overall.
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Part of our issue with FFP was that it appeared to teach our owner how to suck eggs. He could buy and sell the lot of them when it comes to starting any company in any sector of business by investing, getting to break even then making profits.

Our main issue was that it did not give the investment phase sufficient time to develop.In fact it was designed with exactly that potential failure in mind and was effectively a barrier to entry and as such protected a cartel.

The rest of it apart from allowing as much debt to accrue as needed copies normal business strategy so should have a good effect on all who follow it.
 
OB1 said:
Presumably they won't but that is because they have done a deal - the Mbappe "loan" - which is probably not in the spirit of what UEFA intended with FFP. PSG have in substance bought Mbappe on extended credit terms but presumably won't account for the deal that way, which implies that their income statement for this season couldn't handle the amortisation of Mbappe's transfer fee. Otherwise, why bother with the loan?
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And were we also trying to do the same deal ?

The assumption here has been we can spend 3-400 mil in one window & it's not a problem because we can spread the cost.

Yet we have no JFE, even when Sanchez/Mbappe didn't come, apparently because we couldn't move Mangala. I recon we are keeping the funds for Sanchez/ JFE. because it's all we've got.

All of this stuff is not as straightforward as it seems imo & I am not convinced that we had the money to sign Mbappe, after spending 200 mil , anymore than PSG have.

We may have had to do a similar deal.
 
We are probably amortising about £45M-£50M a year on our new purchases and saving about £20M a season on those that left. Net increase in costs of, let's say, £30M. I reckon we've probably saved about £30M a season in wages from those leaving and Yaya's lower terms.

Assuming Mbappe's transfer fee was £150M and he's on £20M a season wages, that would amount to about £60M a year in the p&l. I reckon the new tv deal would just about cover that and we are in profit anyway (obviously don't know if we are in profit under FFP terms but I'd assume so) so I think we could have afforded the Mbappe deal, but just chose not to go that high as it leaves us no room for manoeuvre next time around.

Unless I got my numbers and assumption totally wrong!
 
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Neville Kneville said:
And were we also trying to do the same deal ?

The assumption here has been we can spend 3-400 mil in one window & it's not a problem because we can spread the cost.

Yet we have no JFE, even when Sanchez/Mbappe didn't come, apparently because we couldn't move Mangala. I recon we are keeping the funds for Sanchez/ JFE. because it's all we've got.

All of this stuff is not as straightforward as it seems imo & I am not convinced that we had the money to sign Mbappe, after spending 200 mil , anymore than PSG have.

We may have had to do a similar deal.
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One thing I believe is that any genuine bidding war with PSG would not have finished at its current financial level it would have escalated and City were happy to drop out with maybe FFP being a convenient reason to pull out.

Thankfully we stuck to what we thought he was worth and what we could afford rather than outbid first then worry about funding problems later.

Just because we have profits it is not necessarily funds we should have to use just because we cannot get our original targets. Unlike the local council we are allowed to make profit rather than spend up to our breakeven limit or lose it next year.
 
SilverFox2 said:
One thing I believe is that any genuine bidding war with PSG would not have finished at its current financial level it would have escalated and City were happy to drop out with maybe FFP being a convenient reason to pull out.

Thankfully we stuck to what we thought he was worth and what we could afford rather than outbid first then worry about funding problems later.

Just because we have profits it is not necessarily funds we should have to use just because we cannot get our original targets. Unlike the local council we are allowed to make profit rather than spend up to our breakeven limit or lose it next year.
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Absolutely.

If Mancini had just accepted 'you can't always get what you want' & kept the money, rather than signing all the 2nd/3rd best alternatives, & kept his mouth shut, he might have won the league a year later rather than being sacked.
 
Neville Kneville said:
And were we also trying to do the same deal ?

The assumption here has been we can spend 3-400 mil in one window & it's not a problem because we can spread the cost.

Yet we have no JFE, even when Sanchez/Mbappe didn't come, apparently because we couldn't move Mangala. I recon we are keeping the funds for Sanchez/ JFE. because it's all we've got.

All of this stuff is not as straightforward as it seems imo & I am not convinced that we had the money to sign Mbappe, after spending 200 mil , anymore than PSG have.

We may have had to do a similar deal.
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That's how I see it , transfer fees have gone out of control and anybody who thinks we will carry on like this is living in cloud cuckoo land , we got lucky signing B Silva early for that money and I totally agree that our signings in depended heavily on money in from unwanted players. Mbeppe was a pipe dream and for my money as was Sanchez early in the window without guaranteed funds in , it was left late for a reason and it was lack of hard capital .We couldn't afford JFE over the line without Mangala going .

Anyway this Sanchez collapse could be a blessing if we get him in January for half the price.
 
flb said:
That's how I see it , transfer fees have gone out of control and anybody who thinks we will carry on like this is living in cloud cuckoo land , we got lucky signing B Silva early for that money and I totally agree that our signings in depended heavily on money in from unwanted players. Mbeppe was a pipe dream and for my money as was Sanchez early in the window without guaranteed funds in , it was left late for a reason and it was lack of hard capital .We couldn't afford JFE over the line without Mangala going .

Anyway this Sanchez collapse could be a blessing if we get him in January for half the price.
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So where has our slice if the new tv deal gone if we need to sell before we can buy?
 
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Bob Smiles said:
We are probably amortising about £45M-£50M a year on our new purchases and saving about £20M a season on those that left. Net increase in costs of, let's say, £30M. I reckon we've probably saved about £30M a season in wages from those leaving and Yaya's lower terms.

Assuming Mbappe's transfer fee was £150M and he's on £20M a season wages, that would amount to about £60M a year in the p&l. I reckon the new tv deal would just about cover that and we are in profit anyway (obviously don't know if we are in profit under FFP terms but I'd assume so) so I think we could have afforded the Mbappe deal, but just chose not to go that high as it leaves us no room for manoeuvre next time around.

Unless I got my numbers and assumption totally wrong!
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flb said:
We couldn't afford JFE over the line without Mangala going .
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Seeing as we also had a bid for 55m plus 5m in for Sanchez then I'm going to call this bullshit.

There's a difference between not affording something and choosing not to spend it.
 
SWP's back said:
Seeing as we also had a bid for 55m plus 5m in for Sanchez then I'm going to call this bullshit.

There's a difference between not affording something and choosing not to spend it.
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I think the latter is the case, the transfer window is not necessarily the only time we can spend and perhaps we are budgeting for the next window or maybe our ADUG bosses are more interested in personal reward by making the P and L look good rather than spending everything ?
Can´t blame them if that´s the case.
 
SWP's back said:
Seeing as we also had a bid for 55m plus 5m in for Sanchez then I'm going to call this bullshit.

There's a difference between not affording something and choosing not to spend it.
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I recon the big money was being held back for Sanchez.

JFE would have been financed seperately by Mangala's sale. When Sanchez fell through, it was too late to use that money on JFE.
 
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