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

Re: City & FFP (continued)

fbloke said:
Prestwich_Blue said:
fbloke said:
So it would be easier enough to structure a deal that limited the financial outlay in season 1 but still made certain that the selling club were confident that they would be paid what they agreed at the outset?

Any deal could be sweetened with the initial fee being paid in full, at the signing of the deal.
That's the way I'd see it, as long as it wasn't seen as an obvious dodge. So if we're offering £20m and the selling club want £25m, then we pay them the £20m upfront and offer them an extra £5m after two seasons as long as he's played 50 games or something. Or we could do a sell-on percentage.

It must be why MCFC accepted this 'limitation' as they already knew that who they wanted would fit into their budget.

It could ironically have helped deflate the expectations of some agents and clubs and saved MCFC some money.

Thanks UEFA ;-)
The sanctions have been helpful in other ways as well, particularly only having to meet a one year financial target for this and the previous financial year.
 
Re: City & FFP (continued)

Prestwich_Blue said:
fbloke said:
Prestwich_Blue said:
That's the way I'd see it, as long as it wasn't seen as an obvious dodge. So if we're offering £20m and the selling club want £25m, then we pay them the £20m upfront and offer them an extra £5m after two seasons as long as he's played 50 games or something. Or we could do a sell-on percentage.

It must be why MCFC accepted this 'limitation' as they already knew that who they wanted would fit into their budget.

It could ironically have helped deflate the expectations of some agents and clubs and saved MCFC some money.

Thanks UEFA ;-)
The sanctions have been helpful in other ways as well, particularly only having to meet a one year financial target for this and the previous financial year.

Exactly.

Also the fact that UEFA made the point only that 2nd tier deals with Abu Dhabi companies should be carefully considered ignored the obvious and glaring fact that City's deals for the last couple of years have been non-AD based.
 
Re: City & FFP (continued)

George Hannah said:
I know it helps to think positively when under attack but you two sound as if you actually believe what you are posting. lol
At least we can quote properly. ;-)

I think people completely underestimate how important the resetting of the break-even targets was. That far outweighs any negative aspects of the other sanctions.
 
Re: City & FFP (continued)

Prestwich_Blue said:
George Hannah said:
I know it helps to think positively when under attack but you two sound as if you actually believe what you are posting. lol
At least we can quote properly. ;-)

I think people completely underestimate how important the resetting of the break-even targets was. That far outweighs any negative aspects of the other sanctions.

Allowing City the opportunity to cut themselves loose from the worst financial results in English football history is a bad thing if you happen to have George's mindset ;-)
 
Re: City & FFP (continued)

Prestwich_Blue said:
George Hannah said:
I know it helps to think positively when under attack but you two sound as if you actually believe what you are posting. lol
At least we can quote properly. ;-)

I think people completely underestimate how important the resetting of the break-even targets was. That far outweighs any negative aspects of the other sanctions.
George is usually such an optimist :)
 
Re: City & FFP (continued)

Prestwich_Blue said:
George Hannah said:
I know it helps to think positively when under attack but you two sound as if you actually believe what you are posting. lol
At least we can quote properly. ;-)

I think people completely underestimate how important the resetting of the break-even targets was. That far outweighs any negative aspects of the other sanctions.
What would they have been if they hadn't been re-set?
 
Re: City & FFP (continued)

George Hannah said:
Prestwich_Blue said:
George Hannah said:
I know it helps to think positively when under attack but you two sound as if you actually believe what you are posting. lol
At least we can quote properly. ;-)

I think people completely underestimate how important the resetting of the break-even targets was. That far outweighs any negative aspects of the other sanctions.
What would they have been if they hadn't been re-set?
We'd have had to meet a 3-yr aggregate maximum break-even allowable deficit of €45m, which included those two years losses of £150m again, plus the 2013/14 result. And as we wouldn't have been able to use the £80m wage exemption then we'd have certainly failed again if, as stated by the CEO, we break-even in 2013/14. So that £150m loss has been wiped off the slate and we only have to better a €20m deficit for the year just ended, when we should be reporting a break-even surplus. That's why it's so advantageous to us.
 
Re: City & FFP (continued)

Prestwich_Blue said:
George Hannah said:
Prestwich_Blue said:
At least we can quote properly. ;-)

I think people completely underestimate how important the resetting of the break-even targets was. That far outweighs any negative aspects of the other sanctions.
What would they have been if they hadn't been re-set?
We'd have had to meet a 3-yr aggregate maximum break-even allowable deficit of €45m, which included those two years losses of £150m again, plus the 2013/14 result. And as we wouldn't have been able to use the £80m wage exemption then we'd have certainly failed again if, as stated by the CEO, we break-even in 2013/14. So that £150m loss has been wiped off the slate and we only have to better a €20m deficit for the year just ended, when we should be reporting a break-even surplus. That's why it's so advantageous to us.
Much appreciated, I'm feeling very positive too now!
 
Re: City & FFP (continued)

@martynzeigler: Boost for Man City: UEFA gen sec has confirmed to me FFP rule-breakers City/PSG will only need 5 home-grown players in 21-man CL squad not 8
 

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