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

[aguero93:20]

Can't find anything conclusive for max fines, but the largest fine I can find in UEFAs history is the £80,000 levied to Nick Bendtner for the PP underwear along with a 99,000e fine to the English FA over a match with Turkey in 2004. They therefore don't have a precedent for a fine in the region of £3-8 million and it's highly unlikely they'll try it over this as it could easily be shown to be grossly unfair in the context of £16,700 fines for Racism.
EDIT: As racism is criminal and causes stress and trauma and all that, not that they care.

 

[gordondaviesmoustache]

The story about the wages bill is another piece of hysterical nonsense. For one thing, our wages figure last year was supposed to include about £30m payoff to Mancini & his staff which, because we paid it according to contract terms, went through as wages instead of as a separate item.

For another, they've taken the total wage bill and divided it among the players, ignoring the fact that we employ other, non-playing staff. So if we employ 400 staff and the Yankees employ 250, it stands to reason our wage bill will be higher than theirs.

I agree it couldn't as the first baseman at the New York Yankees makes £287,500 a week
Thats the man that stands at first base, its an important job but its standing somewhere pretty much perfectly still

Have you ever tried standing perfectly still? It's not easy, I can jolly well tell you.<br /><br />-- 16 Apr 2014, 08:32 --<br /><br />

Few if any leaks about internal dealings or rumblings and that has been cascaded from the top, where there sits a man who has bottomless pockets due to him being a shrewd and astute businessman.

I think his bottomless pockets might derive more from the billions of barrels of oil beneath his feet, irrespective of the merits of his business skills.

 

[BoyBlue_1985]

The story about the wages bill is another piece of hysterical nonsense. For one thing, our wages figure last year was supposed to include about £30m payoff to Mancini & his staff which, because we paid it according to contract terms, went through as wages instead of as a separate item.

For another, they've taken the total wage bill and divided it among the players, ignoring the fact that we employ other, non-playing staff. So if we employ 400 staff and the Yankees employ 250, it stands to reason our wage bill will be higher than theirs.

I agree it couldn't as the first baseman at the New York Yankees makes £287,500 a week
Thats the man that stands at first base, its an important job but its standing somewhere pretty much perfectly still

Have you ever tried standing perfectly still? It's not easy, I can jolly well tell you.

-- 16 Apr 2014, 08:32 --

Few if any leaks about internal dealings or rumblings and that has been cascaded from the top, where there sits a man who has bottomless pockets due to him being a shrewd and astute businessman.

I think his bottomless pockets might derive more from the billions of barrels of oil beneath his feet, irrespective of the merits of his business skills.

Okay well not perfectly still he can mooch about a bit but its alot of money for technically not much work although they do play 162 games in a season

 

[aguero93:20]

UEFA have bigger fines handed out already under FFP than the Bendtner one, apologies, thought I'd seen them somewhere. Malaga were fined 300,000e for overdue unpaid tax and PAOK were fined 250,000 (200,000 of which was suspended), both for the most serious breaches mind (refusing to disclose financial documents for PAOK), not for marginally failing the break-even requirement with a trend towards meeting it, making it even less likely that we'll receive an oversized fine.
Couple of comments here (from competition policies international, an antitrust body) on how CAS have dealt with some cases already as well if you're interested as well as some comments on Daniel Striani's challenge and how they think it hinges on FFPR acting as a wage cap (no negotiations made with the players unions) and the block on injecting equity (which can't be said to limit debt).
http://www.blackstonechambers.com/document.rm?id=552

 

[FredTilson]

The story about the wages bill is another piece of hysterical nonsense. For one thing, our wages figure last year was supposed to include about £30m payoff to Mancini & his staff which, because we paid it according to contract terms, went through as wages instead of as a separate item.

For another, they've taken the total wage bill and divided it among the players, ignoring the fact that we employ other, non-playing staff. So if we employ 400 staff and the Yankees employ 250, it stands to reason our wage bill will be higher than theirs.

How much wages do you think Lescott, Richards, Barry and Sinclair are on collectively?

 

[aguero93:20]

The story about the wages bill is another piece of hysterical nonsense. For one thing, our wages figure last year was supposed to include about £30m payoff to Mancini & his staff which, because we paid it according to contract terms, went through as wages instead of as a separate item.

For another, they've taken the total wage bill and divided it among the players, ignoring the fact that we employ other, non-playing staff. So if we employ 400 staff and the Yankees employ 250, it stands to reason our wage bill will be higher than theirs.

How much wages do you think Lescott, Richards, Barry and Sinclair are on collectively?

c£325,000 p/w or £16,900,000 p/a.

 

[nmc]

Re: City & FFP (updated)

UEFA have bigger fines handed out already under FFP than the Bendtner one, apologies, thought I'd seen them somewhere. Malaga were fined 300,000e for overdue unpaid tax and PAOK were fined 250,000 (200,000 of which was suspended), both for the most serious breaches mind (refusing to disclose financial documents for PAOK), not for marginally failing the break-even requirement with a trend towards meeting it, making it even less likely that we'll receive an oversized fine.
Couple of comments here (from competition policies international, an antitrust body) on how CAS have dealt with some cases already as well if you're interested as well as some comments on Daniel Striani's challenge and how they think it hinges on FFPR acting as a wage cap (no negotiations made with the players unions) and the block on injecting equity (which can't be said to limit debt).
http://www.blackstonechambers.com/document.rm?id=552

This is a good read.

The following list of FFP objectives is interesting - in the spirit of things what have PSG or City done wrong? I think we tick every one and certainly do it better than all previous regimes that ran our club - some of whom were FFP compliant but could afford to pay the wages!!!!

UEFA’s Club Licensing and Financial Fair Play Regulations (“the FFPR”) were introduced in May 2010. The purpose of the FFPR is set out at Article 2(2) of the updated 2012 edition:4
a) to improve the economic and financial capability of the clubs, increasing their transparency and credibility;
b) to place the necessary importance on the protection of creditors and to ensure that clubs settle their liabilities with players, social/tax authorities and other clubs punctually;
c) to introduce more discipline and rationality in club football finances;
d) to encourage clubs to operate on the basis of their own revenues;
e) to encourage responsible spending for the long-term benefit of football; and
f) to protect the long-term viability and sustainability of European club football.

 

[cibaman]

City Watch ‏@City_Watch 7 mins

The Times/@Marcotti: City's punishment if they breach FFP could be a £1 penalty for every £1 that they are over the allowed limit.

So they will be paying City some money between £3m and £8m? Nice of them.

The problem would be that if we are deemed to have failed FPP then it will be by at least £70m. They are required by their own rules to treat us "more favourably" (although more favourably than what hasn't been stated). But as a starting point for a fine, £70m is quite a large sum, particularly if the fine impacts on the 2013/14 FFP calculation.

 

[Happy Feet]

Whens the fire sale ?:)

 

[IOWBlue]

the rent boys paid maureen's fine, couldn't we club together and..........................