I am genuine but I won't be sticking around (not that any of you will care). This doesn't seem the place for me as a non City fan. Far too much hostility.
Seemed credible until you said you have not won the lottery. Share the goods !I won over 25m on the lottery 18months ago and I started by having a huge extension built on my house because I have always lived here and like it, I also bought the flash motors and went on exotic holidays I was living the high life, then one day I received a letter from lottery saying I had to stop spending because my neighbours had all complained about it not being my money cos I had won it. So I moved to a more affluent area and once again I renovated this Hugh detached house, swimming pool was next with a jacuzzi, then I received another phone call from the lottery saying I had really pissed off the neighbours because I was new money, so now I’m in my one bedroom flat living on £100 a month, wish I had never won the lottery, which by the way I haven’t but I know how my club feels.
me neither. Smell was a little too strong for meIt would be good if he was genuine but time will tell and I won’t be holding my breath.
I understand but the money in the prem is going to lead to domination, this years 4 teams isn’t a surprise and a recurrence would be uefas biggest nightmare. Thin end of the wedge is this. That’s not to mean they don’t hate us, Cos they doChelsea had won only one title 1955 before Roman invested.......I don't remember all this hostility.
The little guys just loved getting one over on the rich new guy. Nothing wrong with that.
FFP is making investment " dirty" .
I am old enough to remember little forest spending 1,000,000 on Trevor Francis........how would that be viewed today. AND buying the worlds best keeper Peter Shilton.
There was nothing wrong with it .it helped their club write their history...unhindered by this bull shit.
I have no issue with anyone buying Newcastle and investing to win league.....that is what Rafa benetiz meeting probably hinged on today.....investment in players!
I have to admit FFP is good for owners though.Every other premier league club and champihip club supported by the FA should jump all over this as well.....
If I had bazillions and loved football......
Why not buy say Bolton for in real terms probably not a lot.....they have nice ground a reasonable fan base and loads of history....even Liverpool weren't making FA cup finals in 1953.
Ho. But I won't be allowed to invest and chase say a Europa league place? Orrrrr eff it I will buy a race horse, cycle team etc,etc instead.
Bolton can just go bust .over.
Change Bolton for.blackpool.portsmouth.notts county.newcastle.forest.derby...the list goes on.
Financial fair play is strangling ambition and in some cases club saving investment.
This may be a whoosh moment for me however i'll treat your Question as genuine (for now)
You have to go back to the very beginning and look at the very instigation of FFP
City did indeed sign up to abide by the rules put in place and set about putting in place various schemes to increase incomings and reduce outgoings (all of which are within the rules) we even employed the same people Uefa employed to draw up those rules to find ways around them. Essentially we believed those rules were put in place to stop us investing in our own business at a time when we were committed to do so to within the 10 year business plan that had been drawn up where escalated investment was critical to making that plan a success.
At the end of the 1st accountability period 2013 - 14 we had indeed spent a lot of money in fees and wages for players. Based on the rules that were in place we were able to discount a substantial amount of the excess monies as pre arranged wage commitments before FFP was thought of. We were however still struggling to meet the 3 year loss amount for the period that was allowed 34 Million. So we submitted our accounts as verified by our accountants and City do this publicly - not in the Cayman Islands where nobody gets to see it. We felt we had nothing to hide. However no sooner than the audited accounts were submitted Uefa changed the rules to ensure we couldn't claim the pre 2010 wages. It meant we would fail the test by a lot rather than by a little. We were clearly mislead and City were angry that their good faith had been abused.
The failure ensured Uefa carried out an investigation of our accounts and disagreements regarding sponsorship amounts and as to what is and isn't allowed. Suffice it to say agreements were reached on all those sponsorships and schemes whereby some were allowed to stand as they were whilst City agreed to curtail others and not continue with other schemes. NONE of the sponsorships was deemed to be overvalued but we agreed to be punished for failing the overall break even requirement. Such agreements are part of the process of FFP and are in fact integral to its operation. We suffered a huge fine, a restriction on squad size for the CL and agreement to abide by the break even amounts going forward under close scrutiny by Uefa.
We stuck to the rules, increased our sponsorships across the board (middle Eastern sponsorship now roughly accounts up to only 20% of our income only). We currently sit 5th in DeLoittes money list and expect to exceed income of £600 Million turnover this reporting year with no debt ensuring we have no fear of breaching the break even amount and will make a healthy profit (without our owner putting a penny in) for the last 3 years. This amounts to the completion of the first 10 year phase of City business plan and its utter success (despite the initial couple of years requiring the expenditure)
Last year following a hacker stealing lots of private information from servers all over the world (mainly Portugal) trying to blackmail banks without success certain emails were ahem given to a German newspaper (der Spiegel) who act as a whistleblower for alleged corrupt practices particularly within football.
They produced a series of articles quoting elements of emails they allege showed that Citys owner had in fact paid monies to some of Citys sponsors to pay the sponsorship fees. I should point out this doesn't artificially inflate these sponsorships as they are currently at values commensurate with our position in football and it was agreed by Uefa at the time we were investigated. What is surprising and what most journalists and twitter gobshites don't understand is that this process (if proven and City say it isn't) is not either illegal or against FFP rules. I accept it wouldn't be in the spirit of the Regulations but that is another argument. Most would argue that depriving an owner of investing money in his own business is not in the spirit of competition law in Europe as well.
So now Uefa have again investigated City on the back of those alleged emails and despite agreeing to keep stum and carry out a thorough process have done neither. They or as the press like to say "sources close to the investigation" have obviously blabbed to the press regarding findings and punishments to be administered before due process has been completed. So City declared guilty before the case is heard then!
So City have been referred to the Uefa FFP Adjunctory Chamber of the process for consideration of sentence and today we also find out that this investigation has been rushed is indeed incomplete because the matter had to be concluded within a 5 year period of the initial findings, ending today as they are FFP rules for the limitation of alleged offences.
It is still unclear what they are actually charging City with breaching but City have issued some extremely strong legal statements indicating we have given irrefutable evidence to the investigation that proves we are innocent of the charges of financial irregularity. Also indicated as any innocent party should faced with a guilty verdict that they will appeal any findings to an appropriate judicial review, likely in this case to be the Court for Arbitration in Sport (CAS)
That covers 5 years of bullshit and farce and there are other trivialities like members of both investigatory boards having "conflicts of interest" i.e Rick Parry ex of Liverpool Board being on the AC board deciding any punishment.
You can find all the Der Spiegel reports on line and reading through this thread in its entirety will greatly inform you of the intricacies of the whole sham that is FFP if you care to look. I for one am now reasonably well versed in the actions of Uefa in response to these investigations and their documented process. Most of the things about FFP that will surprise anybody are what is allowed as opposed to what isn't.
Because they went to CAS who found in their favour...?
Hats off to you mate. Fucking A1 explanation.This may be a whoosh moment for me however i'll treat your Question as genuine (for now)
You have to go back to the very beginning and look at the very instigation of FFP
City did indeed sign up to abide by the rules put in place and set about putting in place various schemes to increase incomings and reduce outgoings (all of which are within the rules) we even employed the same people Uefa employed to draw up those rules to find ways around them. Essentially we believed those rules were put in place to stop us investing in our own business at a time when we were committed to do so to within the 10 year business plan that had been drawn up where escalated investment was critical to making that plan a success.
At the end of the 1st accountability period 2013 - 14 we had indeed spent a lot of money in fees and wages for players. Based on the rules that were in place we were able to discount a substantial amount of the excess monies as pre arranged wage commitments before FFP was thought of. We were however still struggling to meet the 3 year loss amount for the period that was allowed 34 Million. So we submitted our accounts as verified by our accountants and City do this publicly - not in the Cayman Islands where nobody gets to see it. We felt we had nothing to hide. However no sooner than the audited accounts were submitted Uefa changed the rules to ensure we couldn't claim the pre 2010 wages. It meant we would fail the test by a lot rather than by a little. We were clearly mislead and City were angry that their good faith had been abused.
The failure ensured Uefa carried out an investigation of our accounts and disagreements regarding sponsorship amounts and as to what is and isn't allowed. Suffice it to say agreements were reached on all those sponsorships and schemes whereby some were allowed to stand as they were whilst City agreed to curtail others and not continue with other schemes. NONE of the sponsorships was deemed to be overvalued but we agreed to be punished for failing the overall break even requirement. Such agreements are part of the process of FFP and are in fact integral to its operation. We suffered a huge fine, a restriction on squad size for the CL and agreement to abide by the break even amounts going forward under close scrutiny by Uefa.
We stuck to the rules, increased our sponsorships across the board (middle Eastern sponsorship now roughly accounts up to only 20% of our income only). We currently sit 5th in DeLoittes money list and expect to exceed income of £600 Million turnover this reporting year with no debt ensuring we have no fear of breaching the break even amount and will make a healthy profit (without our owner putting a penny in) for the last 3 years. This amounts to the completion of the first 10 year phase of City business plan and its utter success (despite the initial couple of years requiring the expenditure)
Last year following a hacker stealing lots of private information from servers all over the world (mainly Portugal) trying to blackmail banks without success certain emails were ahem given to a German newspaper (der Spiegel) who act as a whistleblower for alleged corrupt practices particularly within football.
They produced a series of articles quoting elements of emails they allege showed that Citys owner had in fact paid monies to some of Citys sponsors to pay the sponsorship fees. I should point out this doesn't artificially inflate these sponsorships as they are currently at values commensurate with our position in football and it was agreed by Uefa at the time we were investigated. What is surprising and what most journalists and twitter gobshites don't understand is that this process (if proven and City say it isn't) is not either illegal or against FFP rules. I accept it wouldn't be in the spirit of the Regulations but that is another argument. Most would argue that depriving an owner of investing money in his own business is not in the spirit of competition law in Europe as well.
So now Uefa have again investigated City on the back of those alleged emails and despite agreeing to keep stum and carry out a thorough process have done neither. They or as the press like to say "sources close to the investigation" have obviously blabbed to the press regarding findings and punishments to be administered before due process has been completed. So City declared guilty before the case is heard then!
So City have been referred to the Uefa FFP Adjunctory Chamber of the process for consideration of sentence and today we also find out that this investigation has been rushed is indeed incomplete because the matter had to be concluded within a 5 year period of the initial findings, ending today as they are FFP rules for the limitation of alleged offences.
It is still unclear what they are actually charging City with breaching but City have issued some extremely strong legal statements indicating we have given irrefutable evidence to the investigation that proves we are innocent of the charges of financial irregularity. Also indicated as any innocent party should faced with a guilty verdict that they will appeal any findings to an appropriate judicial review, likely in this case to be the Court for Arbitration in Sport (CAS)
That covers 5 years of bullshit and farce and there are other trivialities like members of both investigatory boards having "conflicts of interest" i.e Rick Parry ex of Liverpool Board being on the AC board deciding any punishment.
You can find all the Der Spiegel reports on line and reading through this thread in its entirety will greatly inform you of the intricacies of the whole sham that is FFP if you care to look. I for one am now reasonably well versed in the actions of Uefa in response to these investigations and their documented process. Most of the things about FFP that will surprise anybody are what is allowed as opposed to what isn't.