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

Re: City & FFP (continued)

ColinLee said:
FanchesterCity said:
ColinLee said:
The renegotiated contracts were (I think) exclusively done this Summer therefore won't appear until next year.
The staff movement (which is sensible given the structure of CFG) and Mancini and his backroom staff's pay off having already been paid from the previous years accounts form a large percentage of it.

Ah yes, I stand corrected, they were mostly this summer (as far as we know). But still, I'm sure we'll have reached the end of a wave of contracts too (as is normal every year). For me, the biggest factor is the percentage of revenue, which people misinterpret as a reduction in absolute terms, and not a relative one. 'City reduce wage costs' is the headline and the speculation is that it's all dodgy accounting!
They'll have an apoplectic fit next December when the renegotiated wages will come into play, unless we win everything this season in which case the bonuses will kick in.
I'm presuming the bonuses will be included in the wages and don't fall under some other heading?

I've not looked for a while, but when I last did, I was absolutely convinced UEFA had lumped in wages and bonuses as the same thing, in order to prevent clubs pulling a stunt. If I'm right, the only advantage to City will be the simple truth of mitigating their risk of paying high wages and not getting success.
If I'm wrong, the 'bonus' must help them in other significant ways
 
Re: City & FFP (continued)

FanchesterCity said:
City1974 said:
One interesting club in regard to FFP are Monaco. In the Champions League this season and through to the knockout stages.

Average attendances just under 8,000

http://www.ligue1.com/ligue1/affluences/journee

and despite offloading Rodriquez to Real and the loan of Falcao to Utd they would probably still have a large wage bill

Thus surely they will fail FFP unless they have some mega sponsorship deals.

However it is unlikely they will play in Europe next year as they are currently 7th in Ligue 1

http://www.ligue1.com/ligue1/classement

so unless they win the Champions League and thus automatically qualify as a no. 1 seed for next season, will they simply escape any punishment ?

Also I wonder what will happen to QPR over domestic FFP rules

http://www.financialfairplay.co.uk/

Is FFP about to unravel because it simply will have to much of a detrimental effect on to many clubs ?
Will clubs on the edge of European qualification for the Europa League say, simply not wish to qualify if they feel they will be fined the following season or have transfer embargoes imposed on them ?

People (wrongly) have been assuming FFP is all about the rich clubs, and the 'financial doping' - but now the impact is affecting other clubs, they are starting to see how it's actually very restrictive, even for a 'normal' club. The age old scenario of a new owner wanting to pump a load of money into a club to turn around its fortunes affects everybody, even the likes of Hereford or Chester etc. For the moment, UEFA are just scrutinising their own competitions, leaving the rest up to domestic bodies like the FA, but the very same principle applies across the board. They are making it very difficult for someone to plough in a lot of money to change a club.

In our case, we're portrayed as buying success (which is, in part, true) - but it's a very negative image
In the case of a club like Chester, or Hereford, a rich owner would be seen as 'saving the club' and applauded.

in FFP terms, it's the same thing.


FFP bullshit is simple:

Let say you are worth 1m£, you bought a small company that you think has the potential and you can challenge 2 other bigger companies you have 2 solutions:

- not spend any penny from you pocket to develop it, so you are obliged to generate revenues for growth from the same company and without having any deficit so you can't hire good employees, invest in some modern machinery's or marketing

- have a plan, take a risk spend from you own pocket with an objective of ROI in let say 5 years

So UEFA will tell you sir, you can use only solution 1


So in other terms if im am the Prince of Dubai :) and tomorrow i see Newcastle, Everton or Spurs as a clubs with potential to be bigger i can associate my companies with and im sure with a wise investment they will grow up i can't

the only thing i can is buy one of them spend money to build a stadium, an academy but i can't buy players who are after all the most important thing a football club is built arround
 
Re: City & FFP (continued)

Eli Panic said:
Slightly off topic, but Talksport are currently running a story that Chelsea (following the lead taken by Luton Town) have committed to paying all their staff the 'living wage', which is over and above the minimum wage, and are the first Premier League side to do so. I thought we did this years ago?

David Conn has now written about this in the Grauniad saying a group of city workers have taken a letter to the club asking for a living wage.
This man is constantly looking to stick the knife in, I too recall the statement by CIty declaring that they are paying living wage and now require all contractors providing staff to do the same.
 
Re: City & FFP (continued)

danebanksheik said:
Eli Panic said:
Slightly off topic, but Talksport are currently running a story that Chelsea (following the lead taken by Luton Town) have committed to paying all their staff the 'living wage', which is over and above the minimum wage, and are the first Premier League side to do so. I thought we did this years ago?

David Conn has now written about this in the Grauniad saying a group of city workers have taken a letter to the club asking for a living wage.
This man is constantly looking to stick the knife in, I too recall the statement by CIty declaring that they are paying living wage and now require all contractors providing staff to do the same.

does he write match reports for the grauniad under a pen name?
 
Re: City & FFP (continued)

danebanksheik said:
Eli Panic said:
Slightly off topic, but Talksport are currently running a story that Chelsea (following the lead taken by Luton Town) have committed to paying all their staff the 'living wage', which is over and above the minimum wage, and are the first Premier League side to do so. I thought we did this years ago?

David Conn has now written about this in the Grauniad saying a group of city workers have taken a letter to the club asking for a living wage.
This man is constantly looking to stick the knife in, I too recall the statement by CIty declaring that they are paying living wage and now require all contractors providing staff to do the same.
Actually it's City fans not workers:
http://www.theguardian.com/football/2014/dec/11/chelsea-england-living-wage

Chelsea to be first Premier League club to pay all staff living wage
  • Hearts also signed up to the initiative in Scotland this week
  • Manchester City supporters call on chairman to pay living wage

Chelsea, owned by Roman Abramovich, have become the first fully professional football club in England to be accredited employers paying a living wage to all their staff. Supporter-owned FC United of Manchester became the first football club in Britain to be an accredited living wage employer in October and Hearts, in Scotland, signed up to the initiative this week.

Luton Town, of League Two, also committed this week to gaining the accreditation, which requires employers to pay a living wage to all staff, including those working for companies contracted to supply services. That is a high proportion of football clubs’ workers because most matchday staff, including stewards and people working in stadium catering operations, are employed by service companies.

The living wage of £7.85 per hour, £9.15 per hour in London, is assessed by Loughborough University’s Centre for Research in Social Policy, for the campaign body Citizens UK, as the minimum needed for people to provide for themselves and a family. The legal minimum wage set by the government is substantially lower: £6.50 per hour for adults, £5.13 for 18-20-year-olds and £3.79 per hour for those under-18, with no London weighting.

Gillian Owen, of Citizens UK, said Chelsea have worked through all contracts, including for workers in the hotel at Stamford Bridge, and reached a firm commitment that all staff will be paid the living wage, by 2017 if current contracts are in force until then.

“We believe football clubs are beacon employers with a history rooted in their communities, which still do brilliant community work, but they are sustaining this low pay, which is really tough,” Owen said. Citizens UK believes football clubs paying only minimum wages to workers is particularly unjust given the multimillion-pound salaries paid to individual players.

A group of Manchester City supporters delivered a letter to the club addressed to the chairman, Khaldoon Al Mubarak, calling on the club to become an accredited living wage employer. The letter, which congratulates City on this week’s opening of the new academy and its investment on and off the pitch and in the local community, argues that paying all staff a living wage would “complete the excellent work the club is doing.”

Christopher Fabby, one of the supporters who delivered the letter, said football clubs could set an example to other employers, not to seek profits partly due to low wages. “Paying the living wage would fit perfectly with the good work City are doing,” Fabby said. “We asked them to give that commitment, and set a date for it.”

City are committed to paying employed staff the living wage, but Owen said that in the modern economy, contracted out workers most commonly suffer low pay. City say they are pressing contract companies to pay their staff a living wage, but the club has not yet insisted on this or been through the accreditation process.

None of the other 18 Premier League club are understood to have committed even to paying their own employed staff the living wage.
 
Re: City & FFP (continued)

danebanksheik said:
Eli Panic said:
Slightly off topic, but Talksport are currently running a story that Chelsea (following the lead taken by Luton Town) have committed to paying all their staff the 'living wage', which is over and above the minimum wage, and are the first Premier League side to do so. I thought we did this years ago?

David Conn has now written about this in the Grauniad saying a group of city workers have taken a letter to the club asking for a living wage.
This man is constantly looking to stick the knife in, I too recall the statement by CIty declaring that they are paying living wage and now require all contractors providing staff to do the same.

He's only a year late

<a class="postlink" href="http://www.theguardian.com/society/2013/dec/15/top-football-clubs-attacked-for-low-pay-of-ground-staff" onclick="window.open(this.href);return false;">http://www.theguardian.com/society/2013 ... ound-staff</a>

But there are faint signs that some clubs are sensing how the wind is blowing and know that the scheme may become difficult to resist as more employers join up. Manchester City recently became the first club to pledge it would pay a living wage to all apprentices and interns. Nixon Tod, a City fan who has led the campaign for his club to introduce the living wage, welcomed the move: "The next step would be for City to extend that commitment to all the subcontracted staff. This would affect hundreds of people and make Manchester City the leading living wage football club in the Premier League."

A disgraceful, odious little toad
 
Re: City & FFP (continued)

I think he's going on about sub contractors/agency staff as well.

But if he's using it as a stick to beat us with you have to wonder. We're doing more than the vast majority.
 
Re: City & FFP (continued)

moomba said:
I think he's going on about sub contractors/agency staff as well.

But if he's using it as a stick to beat us with you have to wonder. We're doing more than the vast majority.

tbf we should be ahead of the pack on this one

as we are in many other areas

maybe one of the players could take a 0.00000000000000000000000000000000000000000000000000000000000000000000000000000000000000001% pay cut to cover it.....
 
Re: City & FFP (continued)

Does anyone expect UEFA to move the goalposts again in regards to FFP?, or is the feeling very much that they don't fancy a lengthy legal battle and have an understanding with the Club based on us 'taking a pinch' last May?.
 
Re: City & FFP (continued)

The Goat 10 said:
Does anyone expect UEFA to move the goalposts again in regards to FFP?, or is the feeling very much that they don't fancy a lengthy legal battle and have an understanding with the Club based on us 'taking a pinch' last May?.


Remember that twatini said that FFP has to be DYNAMIC....so won't surprise me a bit if they will move the goalposts to try and screw us again..but they will fail again as we are here to stay
 

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