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

Re: City & FFP (continued)

Chippy_boy said:
kupest said:
Italian Manc said:
City restrictions to be lifted
Manchester City will see their spending restrictions lifted by UEFA bosses after turning a transfer profit this summer.
The Citizens, who spent their entire cap of £49.9m bringing in the likes of Fernando, Eliaquim Mangala and Willy Caballero, were still able to balance their books in style.
Valencia agreed to pay the Premier League champions a £2m loan fee for striker Alvaro Negredo on deadline day, with a cast-iron guarantee of a further £23m to complete the purchase.
City will also pick up around £4.8m in total for a similar arrangement they struck with Fiorentina for defender Micah Richards. They were also able to sell young Welsh midfielder Emyr Hughes to Wigan for £3.5m.
It means City, who had previously sold Jack Rodwell, Gareth Barry and Javi Garcia for a combined £25m, will actually show a player trading profit of £9m.
UEFA chiefs slapped a two-year spending cap on the Manchester outfit for breaching their Financial Fair Play rules but with the promise the second year would be lifted if they toed the line.


<a class="postlink" href="http://www.sportinastorm.com/mobile//Premier-League/Manchester-City/City-restrictions-to-be-lifted/X1Y47Z1800013" onclick="window.open(this.href);return false;">http://www.sportinastorm.com/mobile//Pr ... 47Z1800013</a>

Yup, I don't expect the sanctions to be on us for the second year since we are complying with everything. We should be fine next summer.

Fine in that we won't have these extra restrictions, but we will still be restricted by FFP normal requirements. It's not like we can just blow £100m and not worry about it.
On the contrary we could easily blow 100m without much thought as long as our cash flow allows
 
Re: City & FFP (continued)

SuperMario's Fireworks. said:
Does anyone have an idea on how much we'll be able to spend next summer?
That's not really something you can put a figure on but with revenues apparently around the £400m mark and reduced player costs, plus some extra leeway from this window, how does 'whatever the fuck we want' sound?
Seriously though, we look like we'll be able to match the rags spree of this window gone if we decide it's in the club's interest to do so.
 
Re: City & FFP (continued)

SuperMario's Fireworks. said:
Does anyone have an idea on how much we'll be able to spend next summer?

Depends on our financial result and who but I would imagine 2 players for 75m each on 6 year deals would be a doddle and not even put us close to a problem
 
Re: City & FFP (continued)

oakiecokie said:
This was always in the plans of HH right from the onset,that eventually we would have to become self sufficient.
UEFA wont knows whats hit them over the next few years,with constant monies coming in from every direction to boost our coffers.
Wonder if they`ve already been discussing what sort of additional sanctions they can impose on us ?
Aint life just grand nowadays being a Blue.
It was too late by the time they acted, as this summer has shown, their sanctions have been pretty toothless really, and I've particularly liked how we've dealt with wages, I suspect we are now in a very healthy position, whilst other clubs have gone at it stupidly.

I'm more than happy, perhaps a little disappointed that we are left without a 4th striker at the death of the window, but I'm still of the opinion, that we still have great attacking options, even if they are not all strikers.
 
Re: City & FFP (continued)

Well looks like FFP hit us for one season, Our revenue will keep growing and we will need to spend less...No wonder our owners are toeing the line, FFP will work in our favour from now on and stop other clubs from being competition. We got in just in time by the look of it.
 
Re: City & FFP (continued)

cleavers said:
oakiecokie said:
This was always in the plans of HH right from the onset,that eventually we would have to become self sufficient.
UEFA wont knows whats hit them over the next few years,with constant monies coming in from every direction to boost our coffers.
Wonder if they`ve already been discussing what sort of additional sanctions they can impose on us ?
Aint life just grand nowadays being a Blue.
It was too late by the time they acted, as this summer has shown, their sanctions have been pretty toothless really, and I've particularly liked how we've dealt with wages, I suspect we are now in a very healthy position, whilst other clubs have gone at it stupidly.

I'm more than happy, perhaps a little disappointed that we are left without a 4th striker at the death of the window, but I'm still of the opinion, that we still have great attacking options, even if they are not all strikers.

Typical City fans outlook on life nowadays,cleavers (myself included),worrying about a fourth striker.I always worried about our only striker from years gone by.Now we are all greedy cnuts,wanting four again. ;)
 
Re: City & FFP (continued)

IanBishopsHaircut said:
Well looks like FFP hit us for one season, Our revenue will keep growing and we will need to spend less...No wonder our owners are toeing the line, FFP will work in our favour from now on and stop other clubs from being competition. We got in just in time by the look of it.

I reckon in some ways it has done us a real favour and really got us focused on making the squad and the business the best it could be rather than throwing money like confetti - not only are we better than the rags , we are better run and starting to get more credit for having he moral high ground
 
Re: City & FFP (continued)

Not to mention the world´s No 1 academy coming on stream next month, which will blow everyone away, including the FFP wallers
FFP could also be gone next year if the ruling does what it ought to and kick it unceremoniously into touch

These are indeed good times
 
Re: City & FFP (continued)

mike channon´s windmill said:
Not to mention the world´s No 1 academy coming on stream next month, which will blow everyone away, including the FFP wallers
FFP could also be gone next year if the ruling does what it ought to and kick it unceremoniously into touch

These are indeed good times

Like I mentioned above though...I'm starting to think FFP is a good thing for us

If it gets scrapped the billionaires will be back and buying clubs
 
Re: City & FFP (continued)

cleavers said:
Chippy_boy said:
Fine in that we won't have these extra restrictions, but we will still be restricted by FFP normal requirements. It's not like we can just blow £100m and not worry about it.
We won't need to either, from now on we'll replace when we need, so money will always come in as well as go out.

We've built a very good squad, which if we plan well, will be self sustaining from now on, there should be no need for the sort of spending we had to make to get us to this point. I'm not saying we won't spend big now and then, or have a large net spend, but it will be carefully done, and our revenue will cover it.

ADUG's original business plan may very well have been similar to the one that we are currently following without it appearing to be forced on us by FFP.

UEFA's pathetically skewed FFP regs assumed that investment in football was dissimilar to investment in any other sector and their version of the need for a route to profitability would cripple the Sheik's intrusion into their elite closed shop.

Could have done without the outcome of their contrived judgement of course but self sufficiency has always been the objective of the Investment Group with City's timeline to the objective being a variable component in the grand scheme of things.
 

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