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

Prestwich_Blue said:
But we aren't investing it in a revenue-generating project. We're just smoothing out cash-flow. It's a bit like invoice financing where a factor pays you a significant part of the invoiced amount when you issue an invoice to a customer, collects the money then pays you the remainder minus its fee.
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That is normal business practice too. Football is a seasonal game but the bills come in daily. As I say, there's nothing to worry about. If anything, I think it's quite comforting that City can operate in accepted normal ways without media 'experts', who should know better, commenting that City through Sheikh Mansour have a bottomless pit of oil money to dip into.
 
May have already been posted? If not.

Got to love Martin Samuel. One of only a very few journalists who will say/print it as it is.

Care to comment Tebas? (no, didn't think so)

What about you Čeferin?

It get's even better.(bold)

The longer this pandemjc goes on, and the more it costs European football clubs, the more corrupt (UEFA's) FFP looks. TBH we already new that. And what FFP's real purpose was. If anyone needs reminding, to keep the richest and most powerful football clubs in Europe at the top, to maintain their revenues, and to stifle competition.

----------------------------

Barcelona, however, cannot afford it. Their annual financial report, published this week, revealed a debt of £1.04billion, including negative working capital of £531m, unpaid transfer fees worth £283m, unpaid wages of £177m, bank loans of £248m, bonds of £177m, outstanding debt to suppliers of £74m and to public administrators of £49m.

State-backed credit of £129m appears to have covered last summer's sixth-monthly wage bill.

And yet this is the club, and the league, that presumes to lecture English football on financial fair play. How fortunate that in UEFA's many pages of fiscal governance, none seem to cover running up a 10-figure debt.

www.dailymail.co.uk

MARTIN SAMUEL: Barca cannot afford Eric Garcia let alone Lionel Messi

MARTIN SAMUEL - CHIEF SPORTS WRITER: Eric Garcia has said he would play for Barcelona for nothing. Given the latest news about their finances, he may have to.
www.dailymail.co.uk www.dailymail.co.uk
 
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Good article by Samuel but 99% of us city fans know ffp was a con and I feel most of the media know that now but they don’t want to delve into it because it effect there click bait teams.

What will be interesting is where ffp will go after covid! They haven’t scrapped it they extended the accounting monitoring period by an extra year, I have the feeling Gill and his chums will be telling them to extend it even more!
 
From June last year.

Real Madrid and Barcelona after state aid.

A bit more digging.

Your silence us deafening Tebas!

The combined wages of these famous football players exceeds the billion mark and in order to pay up and keep them happy, the clubs have asked the Official Credit Institute in Spain for a €200 million loan guarantee.

www.euroweeklynews.com

No Shame No Game: Real Madrid and Barcelona Ask Spain’s Government for €200 Million To Pay Top Players

THE coronavirus crisis put a complete stop to professional football and sports, as even the most renowned football clubs in the nation are asking for financial help from the state.
www.euroweeklynews.com www.euroweeklynews.com

Instituto de Crédito Oficial, Corporate State-owned Entity (henceforth, ICO), is a state-owned bank, with the legal status of corporate state-owned entity, attached to the Ministry of Economy and Business, via the State Secretariat for Economy and Enterprise Support.

Home - ICO_EN

Welcome to the Instituto de Credito Oficial. Here you will find all financing activities related to ICO. Get information here about our credits and loans.
www.ico.es www.ico.es
 
jrb said:
From June last year.

Real Madrid and Barcelona after state aid.

A bit more digging.

Your silence us deafening Tebas!

The combined wages of these famous football players exceeds the billion mark and in order to pay up and keep them happy, the clubs have asked the Official Credit Institute in Spain for a €200 million loan guarantee.

www.euroweeklynews.com

No Shame No Game: Real Madrid and Barcelona Ask Spain’s Government for €200 Million To Pay Top Players

THE coronavirus crisis put a complete stop to professional football and sports, as even the most renowned football clubs in the nation are asking for financial help from the state.
www.euroweeklynews.com www.euroweeklynews.com

Instituto de Crédito Oficial, Corporate State-owned Entity (henceforth, ICO), is a state-owned bank, with the legal status of corporate state-owned entity, attached to the Ministry of Economy and Business, via the State Secretariat for Economy and Enterprise Support.

Home - ICO_EN

Welcome to the Instituto de Credito Oficial. Here you will find all financing activities related to ICO. Get information here about our credits and loans.
www.ico.es www.ico.es
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I should have posted originally on this thread but to duplicate,

Surely the reality that the risk massive debt brings outways any perceived outrage that FFP sees with personal investment.
 
I have a feeling that we will see FFP reformed again.

on the agenda: how to blame city for the demise of our great clubs namely Barcelona.

I am sure they are working hard on another case against us. If we go on to win the league that is when the cartel will strike.

It’s all too quiet at the moment...
 
wolviedinho said:
I have a feeling that we will see FFP reformed again.

on the agenda: how to blame city for the demise of our great clubs namely Barcelona.

I am sure they are working hard on another case against us. If we go on to win the league that is when the cartel will strike.

It’s all too quiet at the moment...
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City still have the PL (cartel) and the FA cases to answer. Or maybe both of them have seen what City have done to FIFA and UEFA, in particular, and are now having 2nd thoughts. Both are probably still being pushed by the PL Cartel of United, Liverpool, Arsenal, Chelsea, and Spurs to carry on the cases.
 
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jrb said:
City still have the PL (cartel) and the FA cases to answer. Or maybe both of them have seen what City have done to FIFA and UEFA, in particular, and are now having 2nd thoughts. Both are probably still being pushed the PL Cartel of United, Liverpool, Arsenal, Chelsea, and Spurs to carry on the cases.
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I suspect that both the PL & the FA have quietly marked both cases as 'closed'.
 
Does anyone know(maybe prestwich blue) what has happend to the publication of the findings of our CAS appeal....have both the clubs agreed not to publish or are they still deciding what is said....sure I read somewhere full disclosure of CAS findings would be published within 3 months ?
 
Th
wolviedinho said:
I have a feeling that we will see FFP reformed again.

on the agenda: how to blame city for the demise of our great clubs namely Barcelona.

I am sure they are working hard on another case against us. If we go on to win the league that is when the cartel will strike.

It’s all too quiet at the moment..
Click to expand...
wolviedinho said:
I have a feeling that we will see FFP reformed again.

on the agenda: how to blame city for the demise of our great clubs namely Barcelona.

I am sure they are working hard on another case against us. If we go on to win the league that is when the cartel will strike.

It’s all too quiet at the moment...
Click to expand...

Think this Super league that the scum and the scousers owners are in cahoots in is there get out of massive debt! The numbers they talking about is unbearable! Let’s hope it doesn’t come about.
 
The impact of the Covid pandemic will certainly not disadvantage City.

City are far less dependent of matchday money than Liverpool, United, Chelsea, Arsenal, Spurs, etc.

On an international view, the likes of Barcelona appear to be totally screwed. Maybe Real Madrid as well? I suspect that Bayern Munich will suffer more than City. It will not be good for the Italian clubs either. The mainland European teams do not have a TV deal anywhere near as lucrative as the EPL.

If they try and impose the basic FFP rules, in the current circumstances, than most teams will fail spectacularly.
 
JGL07 said:
The impact of the Covid pandemic will certainly not disadvantage City.

City are far less dependent of matchday money than Liverpool, United, Chelsea, Arsenal, Spurs, etc.

On an international view, the likes of Barcelona appear to be totally screwed. Maybe Real Madrid as well? I suspect that Bayern Munich will suffer more than City. It will not be good for the Italian clubs either. The mainland European teams do not have a TV deal anywhere near as lucrative as the EPL.

If they try and impose the basic FFP rules, in the current circumstances, than most teams will fail spectacularly.
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I hope we are monitoring the situation and apply pressure if and when they try to circumvent the rules to help the g14 clubs.
 
jrb said:
City still have the PL (cartel) and the FA cases to answer. Or maybe both of them have seen what City have done to FIFA and UEFA, in particular, and are now having 2nd thoughts. Both are probably still being pushed by the PL Cartel of United, Liverpool, Arsenal, Chelsea, and Spurs to carry on the cases.
Click to expand...
UEFA and FIFA are on side, it’s the American pricks we need to watch out for.
 
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