Pablo ZZZ Peroni
Well-Known Member
- Joined
- 19 May 2014
- Messages
- 2,449
Nice post mate.
One thing, where are you getting the £70 million figure for Abu Dhabi companies?
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The Real enemies of Football
- Thread starter bornblueegg
- Start date
Nice post mate.
One thing, where are you getting the £70 million figure for Abu Dhabi companies?
Centurions
Well-Known Member
From a PB post I think on https://forums.bluemoon-mcfc.co.uk/...profit-of-£10-4m.336372/page-12#post-11215601Nice post mate.
One thing, where are you getting the £70 million figure for Abu Dhabi companies?
Post #120
bobbyowenquiff
Well-Known Member
We did superbly under Mancini and Pellegrini. I think Arteta will probably replace Pep and, having learned at the hands of the master, maintain significant success. That said I can't believe any manager in the world could provide the sort of class and style we have seen from Pep's team.We probably will fall away a little bit when Pep goes. It will take years to adjust. I think it’s a fair comment. It’s why we should savour every second of what we’re seeing because it will never be this good again.
kaz7
Well-Known Member
So we are going to collapse when pep leaves are we? we won the title twice before he got here,i think he is rather hoping with nothing to base it on
kaz7
Well-Known Member
Why will it take years to adjust? a season maybe depending who comes in after him,we won't change the way we play,the whole of the club from the kids to the womens team has been set up to continue the same regardless of who the managers areWe probably will fall away a little bit when Pep goes. It will take years to adjust. I think it’s a fair comment. It’s why we should savour every second of what we’re seeing because it will never be this good again.
bluelol
Well-Known Member
Knowing how our owner and his team work, i wouldn't be surprised if there is already a plan in place for when Pep decides to move on.I also think they wouldn't go for a dump without a plan!!I wonder how many times journos said that the rags would be shit without the GPC? Nobody really knows how long Pep will stay and or if his understudy grasps his ideas and runs with them
Ala bootroom mode.
Pablo ZZZ Peroni
Well-Known Member
- Joined
- 19 May 2014
- Messages
- 2,449
Thanks for that.
Not directly relevant to the thread but just £70mil for UAE out of £230mil seems a bit of a stretch. Mr PB knows his stuff though..
Armchair Supporter
Well-Known Member
So we are going to collapse when pep leaves are we? we won the title twice before he got here,i think he is rather hoping with nothing to base it on
That's a good point really. It could come to pass that like it's peps successor who wins us (hopefully :) ) a CL title and not the man himself.
The club is structurally more than one man. I'm sure we will be fine
Fantastic post
You have to laugh or not at the comments.
The fact that they state "City have broken the rules and deserved to be punished" shows their absolute ignorance on FFP and the truth in the current belief that if you throw enough shit a lot will stick. So for fans of others who are still foaming at the mouth, a brief resume, as I understand it...particularly for Chelsea holier than thou fans
1. The likes of Chelsea Arsenal UTD Liverpool etc were allowed to build their brands and invest hugely in the top players and wages completely unfettered by the likes of FFP creating their own little mini league of top four which was untouchable for most of the rest of the PL for years. Ensuring bumper incomes from CL qualification year on year to establish their unassailable place at the top of the EPL. A nice little cosy arrangement.
2. When City were taken over, steps were already being taken by the cosy G14 clubs of Europe to put a stop to another "Chelsea" by incorporating FFP as a necessity. City knew it was coming and so having employed the three people who wrote the UEFA FFP rules began a series of player investments to arrive at the critical point where the rules kicked in to just scrape through. Yes some of the funding was morally questionable through the means by which it makes its way into our primary sponsors at this time but seemingly not either illegal or against the rules. Yes thats right muppets, monies paid into none related parties businesses is nothing to do with UEFA (its the rules see)
3. Just so we can be clear it seems UEFA use the recognised accountancy practices to recognise Related Parties, IAS24 I believe which clearly indicates what is and isn't a related party. Related Parties are the only sponsorship deals by which UEFA could insist on "Fair Value". Now back in 2013 there was somewhat of a bun fight as to what Citys independent auditors and UEFAs (Price Cooper Waterhouse I think) interpreted as a related party with City winning out in the end. So neither ETIHAD or AABAR or FARNHAM are related parties. If any of them wanted to allow a third party company to buy a paperclip for a million quid there is nothing UEFA could say or do. It seems that AD companies certainly have propped up some of these companies enabling full payment of their required sponsorship deals to City but again this is NOT against the rules you are so fond of quoting.
4. SO just when everything was all seemingly above board and we were relying on the "Rules" as written down which would have allowed us to exclude certain player payments made prior to a particular date we submitted our accountancy figures openly for all to see not privately in the Cayman Islands like some. UEFA chose this moment to ahem "revise" their ruling on exclusions relating to previous player payments. Thus City spectacularly failed the FFP test. Apparently this action was all at the bidding of the infamous G14. Now businessmen of Citys standing do not take being had over very lightly and of course we complained vehemently as you would expect. When the likely fines were discussed Khaldoon AL Mubarak, Citys chairman I believe openly stated he would rather spend the £30 million proposed fine on lawyers taking FFP to court to have it tested under European anti-competitive laws. Now up to this point FFP has not been tested and there is genuine doubt it may not pass that litmus test. So to try to keep everyone sweet Infantino then UEFA secretary of sorts brokered a compromise deal, as is allowed under FFP rules (yes those pesky things again) and City agreed not to take UEFA to court and pay a suspended £16 million fine and suffered a reduction in player squad size for European Competition for the following 12 months. A slap on the wrist and a tacit implied agreement with FFP rules. However its expected that these sanctions were certainly on a "Final and Binding" concept and would not be revisited.
5. SO City failed, were punished and everyone got on with it.
6. Since that point success on the pitch and a huge rise in commercial income from NONE Abu Dhabi sponsors has seen MCFC income hit 500 Million this year with ETIHAD and other Abu Dhabi companies responsible for approx 70 Million. (14%). SO all good yes? Apparently not.
7. Some tosser hacked into CItys IT and managed to steal 70 million documents and emails. A wholly illegal act. Obviously there are some internal emails which don't make particularly good reading for those who like to moralise about football finance particularly some executives speech narratives in relation to contempt for UEFA and others who would see to stop City doing what they want. Not particularly attractive I admit. However all the current Der Spiegel revelations amount to revisiting what has already been inspected, visited, agreed and sanctioned. We particularly enjoy reading German journalists pontificating about financial irregularity while quoting convicted crook and shyster Uli Hoeness (Bravo). Indeed some of the spleen venting and frankly impartial and vitriolic wording was that of a bitter Bayern Munich Fan of Kindergarten age. How dare we bid for and get Kevin De Bruyne and Leroy Sane under the noses of those paragons of virtue Bayern Munchen. Oh and Wolfsburgs sponsors VW were not averse to a little skullduggery either. Ask a few million car owners.
SO now the media are full of spittle lined red faced journos of red tops and of course City's favourite detractors, mostly mouthpieces of other organisations with vested interests who have nothing to say. All want City Fined, Banned, Castrated Financially, Hung out to Dry for daring to get ones feet under the murky table. Will anything ensue? Can UEFA in all conscience do anything at the G14's request with the threat of a European Super League hanging in the air. UEFA are not averse to the moving of goal posts to satisfy the self serving requirements of the G14 so we wait with baited breath.
I would suggest if they try such a move on this occasion they will meet with the full force of Citys legal furore.
It won't be pretty but we will get an answer as to FFP, Right or Wrong. May I be so bold as to predict, in the event of such a debacle that a legal fudge is likely to be the outcome where neither party is satisfied and each will have contributed to the pension pots of QC's throughout Europe.
Meanwhile the real mischief makers will be whistling dixie and laughing all the way to a Super League.
You have to laugh or not at the comments.
The fact that they state "City have broken the rules and deserved to be punished" shows their absolute ignorance on FFP and the truth in the current belief that if you throw enough shit a lot will stick. So for fans of others who are still foaming at the mouth, a brief resume, as I understand it...particularly for Chelsea holier than thou fans
1. The likes of Chelsea Arsenal UTD Liverpool etc were allowed to build their brands and invest hugely in the top players and wages completely unfettered by the likes of FFP creating their own little mini league of top four which was untouchable for most of the rest of the PL for years. Ensuring bumper incomes from CL qualification year on year to establish their unassailable place at the top of the EPL. A nice little cosy arrangement.
2. When City were taken over, steps were already being taken by the cosy G14 clubs of Europe to put a stop to another "Chelsea" by incorporating FFP as a necessity. City knew it was coming and so having employed the three people who wrote the UEFA FFP rules began a series of player investments to arrive at the critical point where the rules kicked in to just scrape through. Yes some of the funding was morally questionable through the means by which it makes its way into our primary sponsors at this time but seemingly not either illegal or against the rules. Yes thats right muppets, monies paid into none related parties businesses is nothing to do with UEFA (its the rules see)
3. Just so we can be clear it seems UEFA use the recognised accountancy practices to recognise Related Parties, IAS24 I believe which clearly indicates what is and isn't a related party. Related Parties are the only sponsorship deals by which UEFA could insist on "Fair Value". Now back in 2013 there was somewhat of a bun fight as to what Citys independent auditors and UEFAs (Price Cooper Waterhouse I think) interpreted as a related party with City winning out in the end. So neither ETIHAD or AABAR or FARNHAM are related parties. If any of them wanted to allow a third party company to buy a paperclip for a million quid there is nothing UEFA could say or do. It seems that AD companies certainly have propped up some of these companies enabling full payment of their required sponsorship deals to City but again this is NOT against the rules you are so fond of quoting.
4. SO just when everything was all seemingly above board and we were relying on the "Rules" as written down which would have allowed us to exclude certain player payments made prior to a particular date we submitted our accountancy figures openly for all to see not privately in the Cayman Islands like some. UEFA chose this moment to ahem "revise" their ruling on exclusions relating to previous player payments. Thus City spectacularly failed the FFP test. Apparently this action was all at the bidding of the infamous G14. Now businessmen of Citys standing do not take being had over very lightly and of course we complained vehemently as you would expect. When the likely fines were discussed Khaldoon AL Mubarak, Citys chairman I believe openly stated he would rather spend the £30 million proposed fine on lawyers taking FFP to court to have it tested under European anti-competitive laws. Now up to this point FFP has not been tested and there is genuine doubt it may not pass that litmus test. So to try to keep everyone sweet Infantino then UEFA secretary of sorts brokered a compromise deal, as is allowed under FFP rules (yes those pesky things again) and City agreed not to take UEFA to court and pay a suspended £16 million fine and suffered a reduction in player squad size for European Competition for the following 12 months. A slap on the wrist and a tacit implied agreement with FFP rules. However its expected that these sanctions were certainly on a "Final and Binding" concept and would not be revisited.
5. SO City failed, were punished and everyone got on with it.
6. Since that point success on the pitch and a huge rise in commercial income from NONE Abu Dhabi sponsors has seen MCFC income hit 500 Million this year with ETIHAD and other Abu Dhabi companies responsible for approx 70 Million. (14%). SO all good yes? Apparently not.
7. Some tosser hacked into CItys IT and managed to steal 70 million documents and emails. A wholly illegal act. Obviously there are some internal emails which don't make particularly good reading for those who like to moralise about football finance particularly some executives speech narratives in relation to contempt for UEFA and others who would see to stop City doing what they want. Not particularly attractive I admit. However all the current Der Spiegel revelations amount to revisiting what has already been inspected, visited, agreed and sanctioned. We particularly enjoy reading German journalists pontificating about financial irregularity while quoting convicted crook and shyster Uli Hoeness (Bravo). Indeed some of the spleen venting and frankly impartial and vitriolic wording was that of a bitter Bayern Munich Fan of Kindergarten age. How dare we bid for and get Kevin De Bruyne and Leroy Sane under the noses of those paragons of virtue Bayern Munchen. Oh and Wolfsburgs sponsors VW were not averse to a little skullduggery either. Ask a few million car owners.
SO now the media are full of spittle lined red faced journos of red tops and of course City's favourite detractors, mostly mouthpieces of other organisations with vested interests who have nothing to say. All want City Fined, Banned, Castrated Financially, Hung out to Dry for daring to get ones feet under the murky table. Will anything ensue? Can UEFA in all conscience do anything at the G14's request with the threat of a European Super League hanging in the air. UEFA are not averse to the moving of goal posts to satisfy the self serving requirements of the G14 so we wait with baited breath.
I would suggest if they try such a move on this occasion they will meet with the full force of Citys legal furore.
It won't be pretty but we will get an answer as to FFP, Right or Wrong. May I be so bold as to predict, in the event of such a debacle that a legal fudge is likely to be the outcome where neither party is satisfied and each will have contributed to the pension pots of QC's throughout Europe.
Meanwhile the real mischief makers will be whistling dixie and laughing all the way to a Super League.
mancity2012_eamo
Well-Known Member
Arteta?Why will it take years to adjust? a season maybe depending who comes in after him,we won't change the way we play,the whole of the club from the kids to the womens team has been set up to continue the same regardless of who the managers are