PL charge City for alleged breaches of financial rules

[Prophet of Doom]

Parry though at the EFL is certainly in the loop with the PL probe. He has lots of contacts at the PL and the FA and LFC.

EFL clubs are threatening to sue Everton so Parry will be all over it.

Would love to know City’s opinion of him.

He’s certainly not fit to be in charge of the EFL.

 

[Man_City_Loyal]

Are they sex toys?

Sounds like a good name for a vibrator.

Haha pervs.

Believe its a non alcoholic spirit drink

 

[Centurions]

Parry though at the EFL is certainly in the loop with the PL probe. He has lots of contacts at the PL and the FA and LFC.

Having contacts and being in the loop are different things entirely though. Not that I'd trust him one whit mind.

 

[SilverFox2]

... or one of his henchmen. ;)

Our owners would have got on with I think Joe Mercer who's advice was "Have a long memory rather than a short temper".

 

[halfcenturyup]

Won't that mean we will have little to spend on players if the expenditure on the stadium has to be counted towards FFP? Our income, less stadium expenses leaves little left for players etc? Sorry to sound thick but it doesn't seem to help our team rebuilding for several years if this is the case

Infrastructure investment isn't shown in the P/L account until the asset is in use, and then only through an annual amortisation charge so infrastructure investment doesn't affect how much we can spend on players under FFP. It has to be financed though, of course.

When the asset is in use, it is amortised and that amortisation cost and certain other costs such as women's team and academy are excluded from the P/L for FFP purposes, iirc.

 

[halfcenturyup]

Having contacts and being in the loop are different things entirely though. Not that I'd trust him one whit mind.

Maybe a half whit?

 

[CC1]

Infrastructure investment isn't shown in the P/L account until the asset is in use, and then only through an annual amortisation charge so infrastructure investment doesn't affect how much we can spend on players under FFP. It has to be financed though, of course.

When the asset is in use, it is amortised and that amortisation cost and certain other costs such as women's team and academy are excluded from the P/L for FFP purposes, iirc.

“once in use” then, the cost of the amortisation does affect our P/L & thus the amount we’re allowed to spend? Am I right in thinking that the important thing is the length of time the amortisation is for - if so how is that decided? I am assuming it’s for many future years unless we get a sponsor who can pay towards the stadium via - say - naming rights?

I may have completely misunderstood & it’s probably too complex to explain to non finance people?

 

[blue b4 the moon]

Haha pervs.

Believe its a non alcoholic spirit drink

Non alcoholic.....even less fun ;)

 

[Manchester_lalala]

Simon Jordan last week on Talksport mentioned he was meeting Rick Parry later in the week.

A few days later and he magically knows confidential info on the Everton hearing.

Join the dots.

You couldn’t make this shit up

If he’s well in with Rick Parry, it would explain why he thinks we’re guilty.

 

[Asa's left peg]

I still don't understand the Chelsea thing under Abramovich. The 1.5 billion borrowing facility with his Fordham Co can only be judged as owner investment. I'm beginning to like the revelations about us because they drive us on and keep Pep here.

 

[bobbyowenquiff]

Having contacts and being in the loop are different things entirely though. Not that I'd trust him one whit mind.

I agree but there is a lot of informal gossip between the leaders of the EFL, FA, and PL. Virtually all of them are based in a small area of Cheshire and so are most of the Directors of MUFC, LFC. They meet informally all the time at social events. This is where the poison has been spread about City for the last decade...and it is still going on. You can't trust any of these people which is why the Government (and the Opposition) want an independent regulator.

 

[JRockBlues]

I still don't understand the Chelsea thing under Abramovich. The 1.5 billion borrowing facility with his Fordham Co can only be judged as owner investment. I'm beginning to like the revelations about us because they drive us on and keep Pep here.

Chelsea could be in trouble again as the Premier League are investigating the Eto'o and Willian transfers.

 

[halfcenturyup]

“once in use” then, the cost of the amortisation does affect our P/L & thus the amount we’re allowed to spend? Am I right in thinking that the important thing is the length of time the amortisation is for - if so how is that decided? I am assuming it’s for many future years unless we get a sponsor who can pay towards the stadium via - say - naming rights?

I may have completely misunderstood & it’s probably too complex to explain to non finance people?

No, the amortisation is in our accounts as a cost but it is added back to the profit for FFP purposes, so it is as if it never existed.

So it doesn't affect how much we can spend on transfer fees and wages.

Assets are amortised over their useful lives and there are guidelines for what they should be. Buildings would normally be 20-40 years, for example.

Sponsorship is completely different and is shown as income each year over the length of the sponsorship contract.

Hope that helps.

 

[CC1]

No, the amortisation is in our accounts as a cost but it is added back to the profit for FFP purposes, so it is as if it never existed.

So it doesn't affect how much we can spend on transfer fees and wages.

Assets are amortised over their useful lives and there are guidelines for what they should be. Buildings would normally be 20-40 years, for example.

Sponsorship is completely different and is shown as income each year over the length of the sponsorship contract.

Hope that helps.

Many thanks. I think I get it now! It’s just a case of where we get the money from… does it have to be a loan with interest or can the owner lend the money interest free & we spread the re-payments over the amortisation period? This Sheik would have no problem with this

Just thinking about how the glazers could have helped at that swamp if they had been at all interested in their club :). :(

Sorry to keep on about this but this is the first time it’s been something I can understand so thank you

 

[meltonblue]

Many thanks. I think I get it now! It’s just a case of where we get the money from… does it have to be a loan with interest or can the owner lend the money interest free & we spread the re-payments over the amortisation period? This Sheik would have no problem with this

Just thinking about how the glazers could have helped at that swamp if they had been at all interested in their club :). :(

How it’s paid for up front is different to how it’s accounted for. The depreciation costs go on the P&L so are covered by revenue (although they don’t need to be covered at all for FFP assessment purposes).

In terms of how it’s paid for to do the work, that can be either using existing cash on the balance sheet, a loan from either a bank or an owner or the owner could inject more equity into the club. The latter is what Mansour has done previously and ideally what every owner who could should do as it minimises the risk completely to the club itself.

 

[KS55]

How it’s paid for up front is different to how it’s accounted for. The depreciation costs go on the P&L so are covered by revenue (although they don’t need to be covered at all for FFP assessment purposes).

In terms of how it’s paid for to do the work, that can be either using existing cash on the balance sheet, a loan from either a bank or an owner or the owner could inject more equity into the club. The latter is what Mansour has done previously and ideally what every owner who could should do as it minimises the risk completely to the club itself.

A couple of years ago CFG arranged a £500m line of credit from banks for IT Infrastructure and physical developments*. CFG are also planning to raise £850m via an IPO, possibly for the NY development.

*Incidentally, the MUEN ran a story saying that City were now in debt to the tune of £500m, brilliant journalism as usual.

 

[dadnlad]

Haha pervs.

Believe its a non alcoholic spirit drink

well sponsorship work all perverts on here have searched betty buzz or whatever their called outstrip expected number of hits

 

[dadnlad]

If he’s well in with Rick Parry, it would explain why he thinks we’re guilty.

and levy

 

[meltonblue]

A couple of years ago CFG arranged a £500m line of credit from banks for IT Infrastructure and physical developments*. CFG are also planning to raise £850m via an IPO, possibly for the NY development.

*Incidentally, the MUEN ran a story saying that City were now in debt to the tune of £500m, brilliant journalism as usual.

Ah yes, I forgot about that! It was a 500m loan and a 100m credit facility.

 

[Rochdale Blue]

Everton fan on the radio going on about their (suggested) 12 point deduction and suggesting that means we'll be relegated to the national league as we have 112 charges (yes he said 112)

Can't believe people go on national radio and make themselves look like brain dead fuckwits

And apparently you can always buy tickets on matchday, while Goodison is packed to the rafters. That said, the supposed City fan who came shouting he hoped spurs would win the league because we only care about the cl was even worse. You would suppose these numpties should have realised by now who the real enemies are.