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

The sad thing is it will affect us. Yes we won't fail FFP so will be able to spend, the issue we will now face is that because teams like AC Milan, Inter Milan, Liverpool etc will now be able to spend above there means if they have a suitable business plan, this means we now potentially have a lot more competition for players we want as they will be able to go for them. We have been screwed in essence and I honestly think if City didn't know about these changes we will kick up a real fuss this time.
 
Can someone please inform the MEN that City have so far bid £40m for Sterling, close to £10m for Patrick Roberts and paid £2m for an unknown Turkish teenager.

Already well above the spending cap imposed last season.

And all before signing any primary targets this summer.

Perhaps the MEN would like to share their knowledge with the club.

We'll sign our players, regardless.
 
Ducado said:
You can't stop them, I do wish that some people would have a degree of self awareness though and realise what utter idiots they look
Click to expand...

Hmmmm. Maybe, but we were assured by all and sundry that we had passed FFP in the first place only to find out that we hadn't. So you'll forgive those of us who don't trust UEFA and David Gill one iota.
 
tolmie's hairdoo said:
Can someone please inform the MEN that City have so far bid £40m for Sterling, close to £10m for Patrick Roberts and paid £2m for an unknown Turkish teenager.

Already well above the spending cap imposed last season.

And all before signing any primary targets this summer.

Perhaps the MEN would like to share their knowledge with the club.

We'll sign our players, regardless.
Click to expand...

Any update on Pogba while you're at it Tolmie?
 
We are no longer under the specific restriction imposed upon us because of our settlement. This was confirmed when the new raft of settlements were announce back in May. (JMW linked to Uefa's press release confirming the fact within this thread)

The specific restriction on transfers was to significantly restrict spending for 2014/15 & 2015/16 (net spend of £49m each season). There was a clause, which if we broke even during this period then the specific spending limit would be removed (which we are assumed to have done in 2014/15, confirmed by KAM in his end of season speech.

We are however still under the restrictions imposed by FFP in general terms, that is to limit losses over a three year rolling period to £45m. Seeing as we have already broken even in 2014/15 , we will easily pass this test due to expected increases in revenue over couple of years (with just the TV deals alone)

If you assume that every £50m player we buy would cost us £20m per annum (£10m ammortisation & £10m wages - 5 Year contract on £200k per week) we would have to find £5m extra revenue / cost savings per annum to offset (£20m x 3 = £60m - £45m (allowed loss) = £15m (over three years)

We can also offset the cost by selling players , both in wages saved and any profits on disposal

eg If we sell Jovetic for £16m

He signed a contract for 5 years on £120k per week and cost £22m ,

Thats £4.4m ammortisation per annum and he has been here 2 years , meaning his book value is £13.2m (£22m - 2 x £4.4m ). This means we make a prodit of £2.8m on disposal.

We also save £6m in wages per annum in wages (plus a further £4.4m ammortisation in future years)

So if we seel Dzeko, Nasri & Jovetic in this window we could be looking at at least £18m in saved wage cost and a profit on disposal of £20m (roughly)

The new BT CL deal is worth £20m-£30m extra per season form 2015/16

The new SKY PL deal is worth £40-£50m extra per season from 2016/17

So from 2016/17 we will have c£80m more revenue , which will pay for 4 £50m players without factoring in any other increase in commercial deals , the revised foreign broadcast PL deal

In other words we will be fine to spend what we like this summer even if that is £150m-£200m
 
It's not an issue of how much we spend this summer or whether we have passed FFP.

The new rules - FFP2 if you like - seem to be clearly stating that other clubs will have spending restrictions lifted whereas we will still have them in place.

So once more a clear advantage is being handed to our G14 competitors.

That's what the new rules say and that's why Striani has just denounced them as illegal and unfair (to us) and pledged to fight them on court.

There is every need to flap because its clearly once again aimed at our project.
 
dasblues said:
We are no longer under the specific restriction imposed upon us because of our settlement. This was confirmed when the new raft of settlements were announce back in May. (JMW linked to Uefa's press release confirming the fact within this thread)

The specific restriction on transfers was to significantly restrict spending for 2014/15 & 2015/16 (net spend of £49m each season). There was a clause, which if we broke even during this period then the specific spending limit would be removed (which we are assumed to have done in 2014/15, confirmed by KAM in his end of season speech.

We are however still under the restrictions imposed by FFP in general terms, that is to limit losses over a three year rolling period to £45m. Seeing as we have already broken even in 2014/15 , we will easily pass this test due to expected increases in revenue over couple of years (with just the TV deals alone)

If you assume that every £50m player we buy would cost us £20m per annum (£10m ammortisation & £10m wages - 5 Year contract on £200k per week) we would have to find £5m extra revenue / cost savings per annum to offset (£20m x 3 = £60m - £45m (allowed loss) = £15m (over three years)

We can also offset the cost by selling players , both in wages saved and any profits on disposal

eg If we sell Jovetic for £16m

He signed a contract for 5 years on £120k per week and cost £22m ,

Thats £4.4m ammortisation per annum and he has been here 2 years , meaning his book value is £13.2m (£22m - 2 x £4.4m ). This means we make a prodit of £2.8m on disposal.

We also save £6m in wages per annum in wages (plus a further £4.4m ammortisation in future years)

So if we seel Dzeko, Nasri & Jovetic in this window we could be looking at at least £18m in saved wage cost and a profit on disposal of £20m (roughly)

The new BT CL deal is worth £20m-£30m extra per season form 2015/16

The new SKY PL deal is worth £40-£50m extra per season from 2016/17

So from 2016/17 we will have c£80m more revenue , which will pay for 4 £50m players without factoring in any other increase in commercial deals , the revised foreign broadcast PL deal

In other words we will be fine to spend what we like this summer even if that is £150m-£200m
Click to expand...

What about the PL FFP?
 
Andy Conway said:
The new rules - FFP2 if you like - seem to be clearly stating that other clubs will have spending restrictions lifted whereas we will still have them in place.
Click to expand...

But we don't though...because we have passed...

its_not_rocket_science_sticker-p217626321983365495tr4z_400.jpg
 
You must log in or register to reply here.
Unread Posts

Don't have an account? Register now and see fewer ads!

SIGN UP
Back
Top