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

aguero93:20 said:
Shit stirring.
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I think more just a reflection of the fact that we are dealing with utter cnuts. We are a threat to the established order in a way that PSG will never be, if only because we ply our trade in the most high profile league in the world, are capable of attracting any player, and are already directly impacting on at least one of the old guard every season (at the moment it's Candlepool) and costing them circa £50m a year. They moved the goalposts at the 11th hour last year to fail us, and anyone that thinks they would not do so again is a fool. They absolutely would, no matter how shameless and transparent.
I am not privy to the legal and other considerations that may influence any decision to take such a course of action or not, but you can bet your boots if they think they can get away with it, they will try
 
I share your sentiments Exeter Blue. But this time, should they do us over, I would hope that City opt to take on the fight rather than accept a 'pinch'. Anyway, I would hope that with our continuing financial growth, FFP becomes a thing of nuisance rather than anything of substance.
 
Blueknows said:
Still puzzled to how the feck UEFA got away with this , no wonder our owners were rightly annoyed............
The main requirement was that the Blues would not report a deficit higher than £16m in 2014-15.
They actually racked up a deficit of £23m, but as £16m of that was Uefa’s fine, they were confident it met the requirement.
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A correction to information in the MUEN article:
The profit and loss account for our 2013-14 accounts said we had a deficit of £23m with £16m (€20m at the time) of this being UEFA's unrecoverable fine as part of the settlement. A deficit of £7m.
This DOES NOT equate to an FFP profit/loss account of £7m as it includes all transactions NOT just FFP relevant transactions and City have never publicly stated what the FFP profit/loss figure was on any of our submitted accounts.
 
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BlueAnorak said:
A correction to information in the article:
The profit and loss account for our 2013-14 accounts said we had a deficit of £23m with £16m (€20m at the time) of this being UEFA's unrecoverable fine as part of the settlement. A deficit of £7m.
This DOES NOT equate to an FFP profit/loss account of £7m as it includes all transactions NOT just FFP relevant transactions and City have never publicly stated what the FFP profit/loss figure was on any of our submitted accounts.
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So I assume that means we posted a FFP P/L account less than £7M as our overall P/L was £7M? Forgive me but accounting is not my strong point.
 
GeekinGav said:
We are just gonna get screwed by UEFA over and over ... time to sing the City Buddy Song:

When you hear the sound of Platini, don't you get too scared.
Just grab your City Buddy, and say these magic words:
F*** you, UEFAAAAAH! ... You can suck our Balls.
You cant get us, UEFAAAAAH!, because youre just Platini's farts (trump).
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That, my friend, is the best post of the thread so far.
 
YaYa's Left Peg said:
So I assume that means we posted a FFP P/L account less than £7M as our overall P/L was £7M? Forgive me but accounting is not my strong point.
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Our chairman has said we were in profit last season - Informed guesses by folks on here put it anywhere between £20m & 60m on the previous season (TV deal + other commercial deals - one off's from the previous years accounts [£20m for IPR etc]), but we don't know what the FFP profit/loss figures are on that either. Though we know that the expenses for the training ground and stadium expansion are allowed as FFP deductions.
 
Exeter Blue I am here said:
I think more just a reflection of the fact that we are dealing with utter cnuts. We are a threat to the established order in a way that PSG will never be, if only because we ply our trade in the most high profile league in the world, are capable of attracting any player, and are already directly impacting on at least one of the old guard every season (at the moment it's Candlepool) and costing them circa £50m a year. They moved the goalposts at the 11th hour last year to fail us, and anyone that thinks they would not do so again is a fool. They absolutely would, no matter how shameless and transparent.
I am not privy to the legal and other considerations that may influence any decision to take such a course of action or not, but you can bet your boots if they think they can get away with it, they will try
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Of course they will so if you or we are aware of this surely our owner and his very professional team of business professionals will take the necessary precautions to ensure that they fight every battle of this war correctly.
Every attempt to derail City with rule changes or discriminatory application of existing 'rules' is evidence to be used when the time is right. Unfortunately at this moment in time we have a collection of megalomaniacs who are used to making laws rather than obeying them thinking that their cartel still needs preservation by whatever means they can.

Their self delusion is typical and their actions are unlikely to change (witness Mr B.'s antics with FIFA or the late Mr Maxwell at Daily Mirror).
 
BlueAnorak said:
Our chairman has said we were in profit last season - Informed guesses by folks on here put it anywhere between £20m & 60m on the previous season (TV deal + other commercial deals - one off's from the previous years accounts [£20m for IPR etc]), but we don't know what the FFP profit/loss figures are on that either. Though we know that the expenses for the training ground and stadium expansion are allowed as FFP deductions.
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Thanks BA. FFP is really becoming more and more irrelevant in our case.
 
BlueAnorak said:
A correction to information in the MUEN article:
The profit and loss account for our 2013-14 accounts said we had a deficit of £23m with £16m (€20m at the time) of this being UEFA's unrecoverable fine as part of the settlement. A deficit of £7m.
This DOES NOT equate to an FFP profit/loss account of £7m as it includes all transactions NOT just FFP relevant transactions and City have never publicly stated what the FFP profit/loss figure was on any of our submitted accounts.
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That's correct, it's not just the "fine" that is exempt for FFP purposes. Allowing for Campus costs and stadium expansion we should have easily been in profit in terms of FFP.

Edit: which should mean that for this years accounts we'll be a damn sight more than break even.
 
Anyone notice some of the sponsors are gone off the OS,bottom of the page?....Suissegas being one of them,seem to remember 20 being there,now only 16...any ideas?
 
ColinLee said:
I can only see 10, I think this was mentioned awhile ago but damned if I can remember what the answer was.
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Depends where you're logging on from? I'm logging on from a non-UK IP address and I've got Etihad, Nike, Hays, Eti Salat, Abu Dhabi, Aabar, Nissan, EA Sports, MP, LG, Qnet, Ion, FX Primus, TM Lewin and 2stic, 16 total.
 
aguero93:20 said:
Depends where you're logging on from? I'm logging on from a non-UK IP address and I've got Etihad, Nike, Hays, Eti Salat, Abu Dhabi, Aabar, Nissan, EA Sports, MP, LG, Qnet, Ion, FX Primus, TM Lewin and 2stic, 16 total.
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Exactly the same as me,used to have 20,I'm on same device and in the same location.....just seemed wierd.
 
Bearing in mind that we have become FFP compliant by making sufficient revenue to balance the books within the allowable limits how come PSG have managed to do the same apparently and be without sanction this year considering how far away they were from compliance last year?
Or have UEFA just buckled under the pressure from the pending ECJ ruling?
It's quite obvious they were tipped the wink that the Court of first instance was going to refer it to the ECJ and thats what has stung them into a re-organisation of the rules. I do however find it strange that they have appealed the stay put on the second phase implementation.
 
Kinkys Left Foot said:
Bearing in mind that we have become FFP compliant by making sufficient revenue to balance the books within the allowable limits how come PSG have managed to do the same apparently and be without sanction this year considering how far away they were from compliance last year?
Or have UEFA just buckled under the pressure from the pending ECJ ruling?
It's quite obvious they were tipped the wink that the Court of first instance was going to refer it to the ECJ and thats what has stung them into a re-organisation of the rules. I do however find it strange that they have appealed the stay put on the second phase implementation.
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I reckon everyone is getting a fresh start under the new rules.

Edit: Lets wait and see what happens with Inter & co, if they're operating and expecting to be sanction free then I'm probably right.
 
Could this just be the French paper or radio station what ever it is playing games,i cant see where UEFA have said PSG are sanction free and we have to wait 2-3 weeks to find out if we are.
 
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