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

[fbloke]

Re: City & FFP (continued)

It all boils down to the fact that if City were to have had the revenues at the current level when we started out on the 'project' then in all likelihood we would have passed FFP even after the accelerated spending of seasons past.

Will City be OK moving forwards? I would say more than OK the club and CFG will flourish especially as other clubs are way behind (including united) in terms of future growth.

As has been said before, the future is Sky Blue.

 

[Nascent Blues]

Re: City & FFP (continued)

Moving forward, what will we be able to realistically spend each season? For instance, say we are in the black by a pound after the next financial year, what would we actually be allowed to spend before getting fucked over ffp again?

In future years the acceptable loss will be 30m Euros over 3 seasons, about £25m over 3 seasons

We have not yet declared our financial results for 2013/14 but in the reports and accounts for 2012/13 we stated

Since the year-end the football registrations of Fernandinho (from
Shakhtar Donetsk), Jesus Navas (from Seville), Alvaro Negredo (from
Seville), Stevan Jovetic (from Fiorentina) and Martin DeMichelis
(from Atletico Madrid) have been acquired. The registration of
Carlos Tevez (to Juventus) was sold. The net expenditure on these
transactions was approximately £84.1m

And we expect to break-even for the 2013/14 season.

So if we break even, we can spend 8 million plus anything else that is deductable under ffp?


Therefore City can break-even and spend £85m per season at the moment - but I am not sure if that could be sustained season after season

 

[Nascent Blues]

Re: City & FFP (continued)

So if we break even, we can spend roughly 8 million plus anything that is deductable under ffp?

 

[HelloCity]

Re: City & FFP (continued)

?

Where've you got £8 million from?

Basically our transfer balance after selling Tevez and buying Fernandinho, Negredo, Navas etc is roughly -£85 million and we still expect to break even in the next set of financial results.

Our income is only going to increase as well.

Edit: I'm not sure how UEFA are playing it in terms of paying the fees over a period of time.

Say we bought Messi for £200 million but then paid Barca £50 million per season.

The club obviously think we're fine with what we've paid out and plan to pay out so far.

 

[Nascent Blues]

Re: City & FFP (continued)

A previous poster said that a club is allowed to make a 25m loss over 3 years (roughly 8m). Therefore - hypothetically - would we be able to spend the 8m plus anything deductable from ffp? Ultimately i suppose it comes down to what balance is before we spend anything on players. For instance, if we didn't spend any money on players this season, what would our balance at the end of the year be; would we be 20 - 60m in the black?

 

[HelloCity]

Re: City & FFP (continued)

In a worse case scenario, yes. We could only lose an average of about 8 million a year over a 3 year period. We'd be well in the black without spending now and we still are even after slashing out.

You can spend whatever you want on transfers and wages if your income covers it.

The club believe we won't make any loss at all in the next set of financial results and that is after spending millions and millions on transfer fees and wages.

 

[Nascent Blues]

Re: City & FFP (continued)

The last bit of your post mancityx is the hub of the question for me. If we didn't spend a single cent on players this year, what would our balance sheet look like at the year end (excluding money spent on the academy etc.)? How much profit would the club have made?

 

[Prestwich_Blue]

Re: City & FFP (continued)

Put simply, after all that's been said have we tried to wing it? I shouldn't laugh but I'd find it amusing if that was the case. Or is that a bit harsh on the hierarchy at the club and, as you suggest, maybe they've miscalculated.

It's interesting. There seems to be a complete volte-face in the quote above, compared to the noises we were hearing for months if not years beforehand. I'm just wondering why that is.

Likewise. Looking forward to PB's response to your earlier question

Sorry - didn't see this originally but I strongly suspect we did indeed try to wing it and were fortuitous in terms of the settlement agreement. But I'm not sure yet. It's 99.9% certain that it's down to the interpretation of the issue of 2011/12 wages paid to players signed prior to June 2010. My original supposition was that UEFA moved the goalposts after it was too late for us to do anything about it but it could also have been that we were, shall we say, a little optimistic about what we could include in that figure. I still doubt that, as the rules stand, on the basis of my calculations we could have used that £80m, however we calculated it.

 

[petrusha]

Re: City & FFP (continued)

It's interesting. There seems to be a complete volte-face in the quote above, compared to the noises we were hearing for months if not years beforehand. I'm just wondering why that is.

Likewise. Looking forward to PB's response to your earlier question

Sorry - didn't see this originally but I strongly suspect we did indeed try to wing it and were fortuitous in terms of the settlement agreement. But I'm not sure yet. It's 99.9% certain that it's down to the interpretation of the issue of 2011/12 wages paid to players signed prior to June 2010. My original supposition was that UEFA moved the goalposts after it was too late for us to do anything about it but it could also have been that we were, shall we say, a little optimistic about what we could include in that figure. I still doubt that, as the rules stand, on the basis of my calculations we could have used that £80m, however we calculated it.

Thanks. If you're right, we've actually come out of it much better than we really could have.

 

[xenon_]

Re: City & FFP (continued)

We've come out of this good anyway. FFP works in City's favour. I wouldn't be surprised if our owners are secretly happy with the whole situation and are just navigating accordingly until the glass ceiling is fully complete. This whole saga is like fucking theatre haha

FFP may be horrible for football. It may prevent anyone else ever having a dream come true, like City. But make no mistake, from a business perspective, our owners must be very content that no one else will be able to replicate what they've done. We are in the cartel, pretty-much, and the door is being shut right behind us. We're sorted for life.

Sad day for football, good day for City. And we will carry on marching and eventually, probably, become just another evil empire like our Red counterparts. T'is a shame, but fuck it, it is what it is.