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

[Damocles]

You lads are crackers at Google:

<a class="postlink" href="http://www.uefa.org/MultimediaFiles/Download/OfficialDocument/uefaorg/ClubFinancialControl/02/10/69/00/2106900_DOWNLOAD.pdf" onclick="window.open(this.href);return false;">http://www.uefa.org/MultimediaFiles/Dow ... WNLOAD.pdf</a>

 

[JoeMercer'sWay]

put it this way:

1) any cap on 2015/16 will be higher than the 2014/15 one, or UEFA would have broadcast it as a triumph.
2) The club, as proven in the summer, know exactly what they can and can't spend and deals like Negredo's show they're well on top of it.

Thus, I am not worried about the transfer kitty whatsoever, we'll spend what we want.

 

[bluechampion7891]

Err, £80 million trumps £50 million where I come from. Or am I misreading your post?

In addition, it is understood that City will sign a further five-year deal with three partners for a total of £80 million to sponsor their new training complex, including the splendid new 7,000 capacity stadium for reserve and academy matches.

it says 80M over 5 years?

edit: if its 80M per year, then the rags can kiss good bye

Ahh, I didn't realise you were talking £50 million a year ;) , I can't see that being correct. Where did that quote come from by the way?

sorry, should have made that clear:

<a class="postlink" href="http://www.goal.com/en/news/9/england/2014/10/05/5158373/manchester-city-to-announce-64m-sponsorship-bonus" onclick="window.open(this.href);return false;">http://www.goal.com/en/news/9/england/2 ... ship-bonus</a>

 

[stony]

Cheers Damo.


I was right to be worried.

Manchester City agrees to significantly limit spending in the transfer market for
seasons 2014/2015 and 2015/2016

Swiss ramble has our heaviest spending on transfers working out at an average of £83M per season and the last few year at £43M per season.

Even if we use the highest figure, then a significant reduction would be at least 20%. So a best case scenario leaves us with around £66M to spend in the summer.

If they really wanted to be cunts they could use the figures from the last few years and we would be looking at around £35M.

Or have I completely misread that document?

 

[Centurions]

You lads are crackers at Google:

<a class="postlink" href="http://www.uefa.org/MultimediaFiles/Download/OfficialDocument/uefaorg/ClubFinancialControl/02/10/69/00/2106900_DOWNLOAD.pdf" onclick="window.open(this.href);return false;">http://www.uefa.org/MultimediaFiles/Dow ... WNLOAD.pdf</a>

Cheers, although in my defence, UEFAs links to it are broken and just point to this seasons sanctions on other clubs ;)

So the wage limit is off the table (although that was never going to be a problem.

Manchester City accepts that employee benefit expenses cannot be increased during the next two financial periods (2015 & 2016). If Manchester City meets the annual break-even requirements outlined above, this spending limit will be removed for the 2016 financial period.

Manchester City agrees to significantly limit spending in the transfer market for seasons 2014/2015 and 2015/2016. Manchester City further accepts a calculated limitation on the number of new registrations it may include within their “A” List for the purposes of participation in UEFA competitions. This calculation is based on the clubs net transfer position in each respective registration period covered by this agreement.

It's as I remember though, thanks to the clear as mud statement on the transfer kitty it's still a case of who knows.

 

[bluechampion7891]

Two encouraging items are worth noting: (a) the growth in EBITDA (Earnings Before Interest, Depreciation and Amortisation), which more than doubled from £36 million to £75 million; (b) the fact that City’s 2014 figures include virtually nothing from player sale profits, so there is likely to be future upside from this activity.

if this is true, does that mean that what we are looking at as the net spend (38M) is less, which means that we may have more money to spend than previously thought?

 

[Centurions]

Two encouraging items are worth noting: (a) the growth in EBITDA (Earnings Before Interest, Depreciation and Amortisation), which more than doubled from £36 million to £75 million; (b) the fact that City’s 2014 figures include virtually nothing from player sale profits, so there is likely to be future upside from this activity.

if this is true, does that mean that what we are looking at as the net spend (38M) is less, which means that we may have more money to spend than previously thought?

Think you're getting your years/seasons mixed up.

 

[bluechampion7891]

Two encouraging items are worth noting: (a) the growth in EBITDA (Earnings Before Interest, Depreciation and Amortisation), which more than doubled from £36 million to £75 million; (b) the fact that City’s 2014 figures include virtually nothing from player sale profits, so there is likely to be future upside from this activity.

if this is true, does that mean that what we are looking at as the net spend (38M) is less, which means that we may have more money to spend than previously thought?

Think you're getting your years/seasons mixed up.

Maybe. what I mean is that over at the transfer forum the 38M figure from the report is being used as indicative of summer net spend. that statement in the article seems be indicative that that 38M does not include player sales? if so, maybe we have more money to spend and less actual net spend

 

[pardoeofftomexico]

This was the UEFA agreement that was published.

Decision of the Chief Investigator of the CFCB Investigatory Chamber:
Settlement Agreement with Manchester City Football Club Limited
Following an investigation under the UEFA Club Licensing and Financial Fair Play
Regulations (“CLFFPR”) a settlement agreement was concluded between the UEFA Club
Financial Control Body (“CFCB”) Chief Investigator and Manchester City Football Club
Limited ("Manchester City") on the basis of Article 14 (1)(b) and Article 15 of the
Procedural Rules governing the CFCB.
The settlement was concluded on 16 May 2014 and covers the three sporting seasons
2013/14, 2014/15 and 2015/16. For the duration of the settlement, Manchester City will
be subject to on-going restrictions which have been agreed by the club and which are
described further below.
A central purpose of the settlement is to ensure that Manchester City becomes breakeven
compliant within the meaning of the CLFFPR in a short space of time.
 In this regard, Manchester City undertakes to report a maximum break-even
deficit of EUR 20 Mio. for the financial year ending in 2014 and a maximum breakeven
deficit of EUR 10 Mio. for the financial year ending in 2015. In this context
certain commercial partnerships were subject to examination. In order to avoid
dispute and for the avoidance of doubt, Manchester City has agreed that for the
period of the settlement it will not seek to improve the financial terms of two
second tier commercial partnerships.
 Furthermore Manchester City agrees that revenues from the sale of assets within
their group structure will not be included in future break-even calculations.
 Manchester City accepts that employee benefit expenses cannot be increased
during the next two financial periods (2015 & 2016). If Manchester City meets the
annual break-even requirements outlined above, this spending limit will be
removed for the 2016 financial period.
 Manchester City accepts that for the duration of the settlement it will be subject to
a limitation on the number of players that it may include on the “A” list for the
purposes of participation in UEFA competitions. Specifically, for season 2014/15
Manchester City may only register a potential maximum of 21 players on the “A”
list, instead of the potential maximum of 25 as foreseen in the relevant
competition regulations. If MC manages to comply with the annual break-even
competition regulations. target the club shall be released from the restriction as regards the registration of
players in UEFA club competitions for the 2015/16 season.
 Manchester City agrees to significantly limit spending in the transfer market for
seasons 2014/2015 and 2015/2016. Manchester City further accepts a calculated
limitation on the number of new registrations it may include within their “A” List
for the purposes of participation in UEFA competitions. This calculation is based
on the clubs net transfer position in each respective registration period covered by
this agreement.
 Manchester City agrees to pay a total amount of EUR 60 Mio. which will be
withheld from any revenues it earns from participating in UEFA competitions
commencing in season 2013/14. Of this EUR 60 Mio. an amount of EUR 40 Mio.
will be withheld conditionally and will be returned to Manchester City if the club
fulfills the operational and financial measures agreed with the UEFA CFCB.
The compliance with the Settlement Agreement will be subject to on-going and in depth
monitoring, in accordance with the applicable rules. In this connection, Manchester City
also undertakes to provide the CFCB with a Progress Report evidencing its compliance
with all relevant conditions agreed on a six monthly basis.
In case Manchester City fails to comply with any of the terms of this Agreement, the
UEFA CFCB Chief Investigator shall refer the case to the Adjudicatory Chamber, as
foreseen in Art. 15 (4) of the Procedural Rules.
Nyon, 16 May 2014

 

[BluessinceHydeRoad]

When are the courts expected to give their judgement on M. Dupont's case?