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

[Centurions]

http://www.tifosobilanciato.it/2014/12/19/manchester-city-bilancio-201314-perdita-da-fair-play-finanziario/?utm_source=feedburner&utm_medium=twitter&utm_campaign=Feed%3A+Tifosobilanciato+%28La+Biblioteca+del+Tifoso+%22Bilanciato%22%29

Looking good.

Also
<a class="postlink" href="http://www.independent.co.uk/sport/football/premier-league/qatari-government-linked-with-1billion-takeover-of-tottenham-9930307.html" onclick="window.open(this.href);return false;">http://www.independent.co.uk/sport/foot ... 30307.html</a>

Best of luck to them...

If I'm reading that Italian link correctly via Google translate then our FFP submitted accounts show us as €16.1 million in profit (£12.6 million) after all allowances are taken into account.

The Break-even result.

The result before taxes was a loss of £ 22.9 million (€ 28.2 million); in 2012/13 was negative for £ 51.6 million (€ 60.3 million, at the historical rate) and in 2011/12 was negative for £ 98.7 million (€ 122 million, at the historical rate).

Considering the average exchange rates for the period, the aggregate profit before tax of the second monitoring period would be negative for about 211.5 million euros.

However, according to the settlement agreement concluded with UEFA was decisive close the year 2013/14 with a Break-even deficit not exceeding 20 million. If you exclude the amount recorded in the sanction of the UEFA Euro 20 million, the loss 2013/14 would be reduced to 8.2 million Euro. From this result we should exclude the costs of the youth sector, estimated at 10 million euros and other amortization amounting to about 9 million in addition to any charges of Leasing for the Stadium of approximately 5.3 million.

Based on the above, the Manchester City should have complied with the requirements of the transaction with the CFCB UEFA. For 2015/16 will be allowed a Break-even deficit of 10 million Euro.

Or is that too simplistic?

It may have already been said but is that why we paid off the "fine" in one go? Next season we'll just laugh at FFP and not need any write off s.

I'm bumping this in the hope for a reply from one of the resident financial geniuses. Is the article correct that the accounts submitted to UEFA which will include allowable expenses deducted are in profit?

 

[SilverFox2]

This is one of my favourite threads so it'd be a shame if it was closed. Perhaps rename it to cover City business/finances in general?

I wasn't quite serious about closing it but when we're talking about investing profits in a Bundesliga club then I did wonder. But that's not a bad idea so I might think about starting a new one and moving some of this stuff.

To be clear, I was not talking about investing MCFC profits in a German Club, that is ADUGs job to invest and they have oil cashpile for that purpose.
The City connection was merely to help tax matters from profits which ADUG have already made preparation for via the formation of a holding company..
In fact City would keep the profits which are not then taxable as a result of losses elsewhere.

Again the relevance of this suggestion was in reply to the possibility that Quatar were a potential buyer for Spurs with a relaxation of FFP rules to help.
Perhaps like you tongue in cheek I suggested that the financial weakness of the rest below Bayern needed competition if only to attack the ruthlessness of Mr R .
This is perhaps why I am a little sceptical about relaxation unless the position of Bayern can be protected.
.

 

[Hamann Pineapple]

Fifa say third party ownership banned from May 1 2015. Existing contracts valid until expiry & new deals signed 1 Jan-30 Apr '15 subject 1yr max. How will this impact us and our rivals in relation to FFP ?

<a class="postlink" href="http://www.fifa.com/aboutfifa/organisation/news/newsid=2494723/index.html?intcmp=fifacom_hp_module_news_top" onclick="window.open(this.href);return false;">http://www.fifa.com/aboutfifa/organisat ... e_news_top</a>

 

[JoeMercer'sWay]

Fifa say third party ownership banned from May 1 2015. Existing contracts valid until expiry & new deals signed 1 Jan-30 Apr '15 subject 1yr max. How will this impact us and our rivals in relation to FFP ?

<a class="postlink" href="http://www.fifa.com/aboutfifa/organisation/news/newsid=2494723/index.html?intcmp=fifacom_hp_module_news_top" onclick="window.open(this.href);return false;">http://www.fifa.com/aboutfifa/organisat ... e_news_top</a>

just means the likes of Porto are fucked.

 

[Prestwich_Blue]

http://www.tifosobilanciato.it/2014/12/19/manchester-city-bilancio-201314-perdita-da-fair-play-finanziario/?utm_source=feedburner&utm_medium=twitter&utm_campaign=Feed%3A+Tifosobilanciato+%28La+Biblioteca+del+Tifoso+%22Bilanciato%22%29

Looking good.

Also
<a class="postlink" href="http://www.independent.co.uk/sport/football/premier-league/qatari-government-linked-with-1billion-takeover-of-tottenham-9930307.html" onclick="window.open(this.href);return false;">http://www.independent.co.uk/sport/foot ... 30307.html</a>

Best of luck to them...

If I'm reading that Italian link correctly via Google translate then our FFP submitted accounts show us as €16.1 million in profit (£12.6 million) after all allowances are taken into account.

The Break-even result.

The result before taxes was a loss of £ 22.9 million (€ 28.2 million); in 2012/13 was negative for £ 51.6 million (€ 60.3 million, at the historical rate) and in 2011/12 was negative for £ 98.7 million (€ 122 million, at the historical rate).

Considering the average exchange rates for the period, the aggregate profit before tax of the second monitoring period would be negative for about 211.5 million euros.

However, according to the settlement agreement concluded with UEFA was decisive close the year 2013/14 with a Break-even deficit not exceeding 20 million. If you exclude the amount recorded in the sanction of the UEFA Euro 20 million, the loss 2013/14 would be reduced to 8.2 million Euro. From this result we should exclude the costs of the youth sector, estimated at 10 million euros and other amortization amounting to about 9 million in addition to any charges of Leasing for the Stadium of approximately 5.3 million.

Based on the above, the Manchester City should have complied with the requirements of the transaction with the CFCB UEFA. For 2015/16 will be allowed a Break-even deficit of 10 million Euro.

Or is that too simplistic?

It may have already been said but is that why we paid off the "fine" in one go? Next season we'll just laugh at FFP and not need any write off s.

I'm bumping this in the hope for a reply from one of the resident financial geniuses. Is the article correct that the accounts submitted to UEFA which will include allowable expenses deducted are in profit?

That's right. I estimate our allowable expenses to be in the region of £20m, plus the UEFA fine which makes a total of £36m we can add back to the £23m loss. That gives us an FFP surplus of around £13m as against our maximum allowable loss (under the sanctions) of €20m, which is about £16m. So we should've cleared it by nearly £30m.

 

[Bottomless_Sailor]

Fifa say third party ownership banned from May 1 2015. Existing contracts valid until expiry & new deals signed 1 Jan-30 Apr '15 subject 1yr max. How will this impact us and our rivals in relation to FFP ?

<a class="postlink" href="http://www.fifa.com/aboutfifa/organisation/news/newsid=2494723/index.html?intcmp=fifacom_hp_module_news_top" onclick="window.open(this.href);return false;">http://www.fifa.com/aboutfifa/organisat ... e_news_top</a>

Well third party ownership is already outlawed for English clubs anyway so this will only take away a key advantage foreign competitors have over us in being able to lure players to their clubs more cheaply than we can with the aid of third parties.

 

[Centurions]

Fifa say third party ownership banned from May 1 2015. Existing contracts valid until expiry & new deals signed 1 Jan-30 Apr '15 subject 1yr max. How will this impact us and our rivals in relation to FFP ?

<a class="postlink" href="http://www.fifa.com/aboutfifa/organisation/news/newsid=2494723/index.html?intcmp=fifacom_hp_module_news_top" onclick="window.open(this.href);return false;">http://www.fifa.com/aboutfifa/organisat ... e_news_top</a>

Well third party ownership is already outlawed for English clubs anyway so this will only take away a key advantage foreign competitors have over us in being able to lure players to their clubs more cheaply than we can with the aid of third parties.

The main problem still remains however which is that countries like Portugal have no issues in getting work permits and even passports arranged.
That said of course they now can't afford to buy them anyway.
It will have serious consequences for countries like Portugal and all of South America in general I'd have thought.

 

[JoeMercer'sWay]

Fifa say third party ownership banned from May 1 2015. Existing contracts valid until expiry & new deals signed 1 Jan-30 Apr '15 subject 1yr max. How will this impact us and our rivals in relation to FFP ?

<a class="postlink" href="http://www.fifa.com/aboutfifa/organisation/news/newsid=2494723/index.html?intcmp=fifacom_hp_module_news_top" onclick="window.open(this.href);return false;">http://www.fifa.com/aboutfifa/organisat ... e_news_top</a>

Well third party ownership is already outlawed for English clubs anyway so this will only take away a key advantage foreign competitors have over us in being able to lure players to their clubs more cheaply than we can with the aid of third parties.

The main problem still remains however which is that countries like Portugal have no issues in getting work permits and even passports arranged.
That said of course they now can't afford to buy them anyway.
It will have serious consequences for countries like Portugal and all of South America in general I'd have thought.

Opens the door for someone like say, CFG, to buy a Portuguese club and take the FFPR hit but have the cash in the club to buy the South American stars,

 

[Centurions]

Well third party ownership is already outlawed for English clubs anyway so this will only take away a key advantage foreign competitors have over us in being able to lure players to their clubs more cheaply than we can with the aid of third parties.

The main problem still remains however which is that countries like Portugal have no issues in getting work permits and even passports arranged.
That said of course they now can't afford to buy them anyway.
It will have serious consequences for countries like Portugal and all of South America in general I'd have thought.

Opens the door for someone like say, CFG, to buy a Portuguese club and take the FFPR hit but have the cash in the club to buy the South American stars,

Not a chance of us doing that, the negative press would be horrendous.

 

[HorlocksWalk]

Not read all 1300 pages but the ones I have read have some contributions from some clever folk, could one of you enlighten me cos I think it is "You Cant get enough revenue cos you are not in the champions league, so the only way to move forward is to pay over the odds on transfer fees and wages cos good players don't really want to come to a club that's not in the champions league. Then when you do that they fine and sanction you." Where am I going wrong with this?