City launch legal action against the Premier League | Club & PL reach settlement | Proceedings dropped (p1147)

[citizen_maine]

Ours has made circa €500 million in the last 11 years so what's FMV for the academy? €2 billion say? Our women's team have their own custom built stadium and soon their own custom built training facilities, another €1 billion say? Or would they block it and say that's cheating?

Moot point though, as we have no need to sell and no desire to sell

 

[SilverFox2]

Tell you now if we did any of what Chelsea did as in selling assets to ourselves 8/10 years ago the whole of those premier clubs would of fast tracked a premier meeting to do a vote on it and it would of got voted against if 100%

That is correct but our current business plan is not as vulnerable as yesteryear ie we don't need to.
It's obvious that the clubs that do eg Chelsea, Everton etc are not self sustaining on their BPs so need to find ways to get investment from. They are simply asset stripping one business to subsidize another, a bit like the Glazers having to support their Mall businesses.

 

[Maly]

City Women is owned by CFG
Manchester City Football Club is owned by Manchester City Limited which in turn is owned by CFG

CFG can sell Manchester City Ltd the ladies team for £1……then buy it back for £2

100% profit for us right there ;)

 

[Stoned Rose]

Puma not a associated party though

I’m sure they could find a way to say it was mate!

 

[gordondaviesmoustache]

I’m sure they could find a way to say it was mate!

PumUAE.

 

[Prestwich_Blue]

That is correct but our current business plan is not as vulnerable as yesteryear ie we don't need to.
It's obvious that the clubs that do eg Chelsea, Everton etc are not self sustaining on their BPs so need to find ways to get investment from. They are simply asset stripping one business to subsidize another, a bit like the Glazers having to support their Mall businesses.

Which is exactly why the PSR rules are utter nonsense. If the only way you can be 'sustainable' is to sell assets to yourself, that's the complete antithesis of sustainability.

 

[Stockton Heath Blue]

But is there anything stopping them selling it again? They’ve only sold it to a “parent company” so does that mean they can still get hold of it to sell it again?

They (the PSR regulated entity) would have to buy it back to be able to sell it again, so highly unlikely they could do this without having £100m+ slushing around

 

[Stockton Heath Blue]

Which is exactly why the PSR rules are utter nonsense. If the only way you can be 'sustainable' is to sell assets to yourself, that's the complete antithesis of sustainability.

Had this exact argument with a Dipper this morning

 

[halfcenturyup]

They (the PSR regulated entity) would have to buy it back to be able to sell it again, so highly unlikely they could do this without having £100m+ slushing around

And they would have to buy it back at FMV which negates the point of buying it back to sell it again ....

 

[Sir peace frog]

I’m sure they could find a way to say it was mate!

Related party because city wear puma attire :)

 

[Marvin.]

When I was a boy, City with an army of fans, were dying slowly on a field in Moss Side. One day our lives changed. A saviour arrived, the football world was turned on its head and in 2011 at 93:20, City performed a miracle through an act of God. You would not believe it unless you were there. But Man Utd, Liverpool, Arsenal did not sit idly by.

15 years have passed. Now we have the absurdity of Man Utd with reported pre-tax losses of £330m, way in excess of the £105m permitted losses, spending £130m plus as they do every Summer, linked to the best players in the world. Chelsea are World Champions after selling club infrastructure to themselves to finance signing players at absurd values on absurd contracts. Everything we said about the injustice of the football world has played out before us. We know we are right, but the reality is that we are on the hook. Like many peoples, we have no alternative but to fight to survive. There is no choice. You will fight better if you recognise that this is existential. Soft signals do not count for much in this world. It is unjust.

 

[SilverFox2]

When I was a boy, City with an army of fans, were dying slowly on a field in Moss Side. One day our lives changed. A saviour arrived, the football world was turned on its head and in 2011 at 93:20, City performed a miracle through an act of God. You would not believe it unless you were there. But Man Utd, Liverpool, Arsenal did not sit idly by.

15 years have passed. Now we have the absurdity of Man Utd with reported pre-tax losses of £330m, way in excess of the £105m permitted losses, spending £130m plus as they do every Summer, linked to the best players in the world. Chelsea are World Champions after selling club infrastructure to themselves to finance signing players at absurd values on absurd contracts. Everything we said about the injustice of the football world has played out before us. We know we are right, but the reality is that we are on the hook. Like many peoples, we have no alternative but to fight to survive. There is no choice. You will fight better if you recognise that this is existential. Soft signals do not count for much in this world. It is unjust.

I suppose Barca and RM in the Spanish football get all the financial help they want but in the PL despite rules being solely targeted at City our business plan exposes our competitors with the very rules meant for us.

 

[Maly]

When I was a boy, City with an army of fans, were dying slowly on a field in Moss Side. One day our lives changed. A saviour arrived, the football world was turned on its head and in 2011 at 93:20, City performed a miracle through an act of God. You would not believe it unless you were there. But Man Utd, Liverpool, Arsenal did not sit idly by.

15 years have passed. Now we have the absurdity of Man Utd with reported pre-tax losses of £330m, way in excess of the £105m permitted losses, spending £130m plus as they do every Summer, linked to the best players in the world. Chelsea are World Champions after selling club infrastructure to themselves to finance signing players at absurd values on absurd contracts. Everything we said about the injustice of the football world has played out before us. We know we are right, but the reality is that we are on the hook. Like many peoples, we have no alternative but to fight to survive. There is no choice. You will fight better if you recognise that this is existential. Soft signals do not count for much in this world. It is unjust.

2012 mate :)

 

[Tolmie scores]

That is correct but our current business plan is not as vulnerable as yesteryear ie we don't need to.
It's obvious that the clubs that do eg Chelsea, Everton etc are not self sustaining on their BPs so need to find ways to get investment from. They are simply asset stripping one business to subsidize another, a bit like the Glazers having to support their Mall businesses.

Ffp will be scrapped soon as clubs just circum navigate it...including us...but interest free loans that never will be repaid..
Selling car parks to supposed other parts of their business..inflated sponsorship etc...the clubs have been at it for years. Always tge case..the richest win..sadly

 

[KS55]

Every business sector in the capitalist world falls under the ‘80-20 rule’ ie 80% of the income goes to 20% of the companies. Once football became a business, it became madness to try to buck this trend with P&L regulations, just impossible. The phrase ‘Coach and Horses’ springs to mind.
Regulating debt is a different matter, which is why the big boys refused to allow that.

 

[Marvin.]

2012 mate :)

I know it happened but the memory of all else fades.

 

[Blue Pete]

My life fades. The vision dims. All that remains are memories. I remember a time of chaos, ruined dreams, this wasted club. But most of all I remember the Centre forward, the man we called 'Aguero'. To understand who he was you have to go back to another time, when the game was powered by the red cartel, and the media spouted great lies of bluff and bluster. Gone now, swept away.

 

[Asa's left peg]

I presume that the PL investigation team will be asking why, what used to be known as Chelsea's women's team, is not now playing as Real BluCo, and re applied to join the WSL. ;-) Upside for Chelsea FC is at least the new women's team owners will have to pay Chelsea FC rent for using the stadium and name. Shit! I think I've stumbled upon Chelsea's next dodge.

 

[SilverFox2]

Is it fair to say that the structure of the City Business Plan now that it has matured, has forced our rivals to invest.

Some have done this by increasing an already massive debt and spreading financial results among more than one company whereas others find ways to allow their own assets to raise the investment cash.

I am so proud that their cash cow's have been threatened by an investment policy that prefers to keep profits within football rather than export the profits elsewhere.

 

[Norbiton]

I presume that the PL investigation team will be asking why, what used to be known as Chelsea's women's team, is not now playing as Real BluCo, and re applied to join the WSL. ;-) Upside for Chelsea FC is at least the new women's team owners will have to pay Chelsea FC rent for using the stadium and name. Shit! I think I've stumbled upon Chelsea's next dodge.

Selling Kingsmeadow to themselves might well be an option