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

[the talisman]

Re: City & FFP (continued)

How much will our cut of the dippers' fine come to?

None. Rummenigge has told Platini "we have decided the money is ours." The fat little collaborator will give in to the Germans again…..:-0

 

[mat]

Re: City & FFP (continued)

Due to Liverpool's absence from either of last season's European cup competitions - the Champions League and Europa League - they were not required to submit acounts for the 2011-12 and 2012-13 seasons. However, having now qualified for Europe's premier club competition, they are now subject to FFP.

Uefa guidelines stipulate that the teams who qualify, and therefore come under the microscope of FFP, must limit their losses to an agreed amount. For the likes of Manchester City, Chelsea and Arsenal, who were present in last season's Champions League, that figure was £35.4m over two seasons.

Man City and French giants PSG were the two most high-profile teams who exceeded this amount and were penalised heavily.

Andrea Traverso, head of Club Licensing and Financial Fair Play at Uefa, told The Times: "As soon as a club qualifies [for a Uefa competition], it enters the scope of Financial Fair Play. So they have to immediately submit all the information to Uefa."

Over the summer, Liverpool, and the other sides not involved in Uefa competition, submitted their accounts for the past two seasons and they showed significant enough losses to potentially be among clubs referred to the Club Financial Control Body (CFCB).

Uefa has not confirmed which clubs will be deemed "at risk". Last season it was 76 but, ultimately, only nine were sanctioned. And this season "at risk" clubs could have the first instalment of their Champions League prize money held back while they are investigated.
- See more at: <a class="postlink" href="http://www.independent.ie/sport/soccer/champions-league/liverpool-could-face-a-7m-ffp-penalty-as-champions-league-qualification-opens-them-up-to-scrutiny-30607968.html#sthash.biouHa9u.dpuf" onclick="window.open(this.href);return false;">http://www.independent.ie/sport/soccer/ ... uHa9u.dpuf</a>

 

[the talisman]

Re: City & FFP (continued)

Seriously, not a chance they will be sanctioned

 

[Henkeman]

Re: City & FFP (continued)

Seriously, not a chance they will be sanctioned

If they aren't, that might meet with rather more than raised eyebrows from those that were.

 

[fbloke]

Re: City & FFP (continued)

Seriously, not a chance they will be sanctioned

If they aren't, that might meet with rather more than raised eyebrows from those that were.

The conversations I have had on Twitter suggest that the only way they pass is if an cash/equity swap occurs and that will allow pre-11 wages to be discounted.

So if they do fail, or if their arrangements are dealt with differently than those by City and PSG, and they are not punished then I think its almost certain that City and PSG will sue.

 

[hertsblue]

Re: City & FFP (continued)

Seriously, not a chance they will be sanctioned

If they aren't, that might meet with rather more than raised eyebrows from those that were.

The conversations I have had on Twitter suggest that the only way they pass is if an cash/equity swap occurs and that will allow pre-11 wages to be discounted.

So if they do fail, or if their arrangements are dealt with differently than those by City and PSG, and they are not punished then I think its almost certain that City and PSG will sue.

Isnt this what Chelsea done a few years ago, Abramovich converted his loans to equity, essentially writng them off and allowing them to pass FFP as they would have failed otherwise

 

[uwe rosler 28]

Re: City & FFP (continued)

Surely they should get the same sanctions as us and psg!

 

[keith's curle]

Re: City & FFP (continued)

If they aren't, that might meet with rather more than raised eyebrows from those that were.

The conversations I have had on Twitter suggest that the only way they pass is if an cash/equity swap occurs and that will allow pre-11 wages to be discounted.

So if they do fail, or if their arrangements are dealt with differently than those by City and PSG, and they are not punished then I think its almost certain that City and PSG will sue.

Isnt this what Chelsea done a few years ago, Abramovich converted his loans to equity, essentially writng them off and allowing them to pass FFP as they would have failed otherwise

That's how I understood it.

 

[fbloke]

Re: City & FFP (continued)

The conversations I have had on Twitter suggest that the only way they pass is if an cash/equity swap occurs and that will allow pre-11 wages to be discounted.

So if they do fail, or if their arrangements are dealt with differently than those by City and PSG, and they are not punished then I think its almost certain that City and PSG will sue.

Isnt this what Chelsea done a few years ago, Abramovich converted his loans to equity, essentially writng them off and allowing them to pass FFP as they would have failed otherwise

That's how I understood it.

The amount that an owner is allowed to put in is now limited to about $40m on a reducing scale there after.

Sheikh Mansour has cleared all debt from the club by a debt/equity swap too but unlike RA the debt doesnt sit in another company under his ownership its just gone.

 

[grunge]

Re: City & FFP (continued)

isn't the monitoring period a rolling start? IE the 1st year you enter you get to make a few seasons of losses?