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

[aguero93:20]

I knew I should have punched Ogden at the Hull game :)

 

[hertsblue]

City to renegotiate the Nike kit deal. <a class="postlink" href="http://www.telegraph.co.uk/sport/football/teams/manchester-city/11339387/Manchester-City-to-open-talks-with-Nike-to-improve-on-12-million-year-a-year-kit-deal-currently-in-place.html" onclick="window.open(this.href);return false;">http://www.telegraph.co.uk/sport/footba ... place.html</a>

Ogden can't help himself can he, had to have another little dig at the end of that article.

I noticed that also. Lets end on a negative, usual from him. Even though the article is saying we will go from 12 mill to perhaps 20 mill I think we are worth a lot more than that. As it says, Nike lost Utd and some others so in the UK we are their main team now and if Arsenal/Pool can get 25-30 mill we should be aiming for similar.

 

[BillyShears]

Am I alone in now not even reading the shite that newspapers churn out about City and FFP?

No.

Me either - haven't read an FFP related article in ages - certainly the kind of fodder that we've seen in recent weeks.

 

[Brightwell’s left peg]

Well said that man!! Was just listening to "the football show" aired in North America. I might be biased, but I find it a very anti city/pro rag-Liverpool-Chelsea show, but it's the only one to listen to. An American blue named Mike came on and very eloquently summed up FFP and called out the hyprocisy surrounding it, especially now that some of the turkey's who voted for it are beginning to realize it's Christmas. Anyway, if you're reading this mike, very well said.

 

[tonea2003]

Am I alone in now not even reading the shite that newspapers churn out about City and FFP?

They are so inaccurate in almost every way that to propose a counter position is now beyond tedious.

Add to that the fact that UEFA are not in the habit of applying the rules as we all expect them to and you get a cluster-fuck of guesswork and counter guesswork smattered by an occasionally opaque bit of suggestion.

how do you know if you don't read them :-)

This thread? ;-)

a trustworthy bunch :-)

 

[schfc6]

@from a rag,
Re Lampard. I know you are saying that there is nothing to see here and I would agree with you in normal circumstances but this is yet another in a long line of "iffy" situations involving City over the past few seasons . Start with this issue , why did City not clarify this situation earlier ? why let it get to this ? Also it nearly looks like Lampard himself didn't know who he had signed for . Then there is the latest issue over the hiding of losses in "subsidiary" companies.Transfering of over half the staff to another company within the group of companies , no wider public announcement it just happened and it looks like they were hoping no one would notice and it happened with 2 subsidiaries not just 1 . There's the Garcia issue citing the wrong club & country that he's gone to this is either completely amature or someone was in a hurry to provide figures to someone for a "specific" reason plus it shows a lack of respect to the player Then there was the "Intellectual Property Rights" debacle in 2013 figures where a figure of 22.7m was charged to a sister company within the group this figure was completely made up. Now you can defend your club as most would tend to do but when people are reading 5&6 significant stories about the clubs finances , how they sign players and their basic communication skills you gotta start thinking that City are not being 100% honest . Rules are for all not just some

 

[moomba]

@from a rag,
Re Lampard. I know you are saying that there is nothing to see here and I would agree with you in normal circumstances but this is yet another in a long line of "iffy" situations involving City over the past few seasons . Start with this issue , why did City not clarify this situation earlier ? why let it get to this ? Also it nearly looks like Lampard himself didn't know who he had signed for . Then there is the latest issue over the hiding of losses in "subsidiary" companies.Transfering of over half the staff to another company within the group of companies , no wider public announcement it just happened and it looks like they were hoping no one would notice and it happened with 2 subsidiaries not just 1 . There's the Garcia issue citing the wrong club & country that he's gone to this is either completely amature or someone was in a hurry to provide figures to someone for a "specific" reason plus it shows a lack of respect to the player Then there was the "Intellectual Property Rights" debacle in 2013 figures where a figure of 22.7m was charged to a sister company within the group this figure was completely made up. Now you can defend your club as most would tend to do but when people are reading 5&6 significant stories about the clubs finances , how they sign players and their basic communication skills you gotta start thinking that City are not being 100% honest . Rules are for all not just some

I think Lampard was perfectly aware of who he was signing for, no indication that he wasn't.

The subsidiaries have been publicised, and there is detail in the publicly available annual report.

Garcia, who really cares? Irrelevant.

Intellectual Property rights debacle? What evidence is there that the figure was made up? I'd imagine that would be a bit hard to get past an auditor.

Rules are for everyone, even clubs incorporated in the Cayman Islands.

 

[Centurions]

@from a rag,
Re Lampard. I know you are saying that there is nothing to see here and I would agree with you in normal circumstances but this is yet another in a long line of "iffy" situations involving City over the past few seasons . Start with this issue , why did City not clarify this situation earlier ? why let it get to this ? Also it nearly looks like Lampard himself didn't know who he had signed for . Then there is the latest issue over the hiding of losses in "subsidiary" companies.Transfering of over half the staff to another company within the group of companies , no wider public announcement it just happened and it looks like they were hoping no one would notice and it happened with 2 subsidiaries not just 1 . There's the Garcia issue citing the wrong club & country that he's gone to this is either completely amature or someone was in a hurry to provide figures to someone for a "specific" reason plus it shows a lack of respect to the player Then there was the "Intellectual Property Rights" debacle in 2013 figures where a figure of 22.7m was charged to a sister company within the group this figure was completely made up. Now you can defend your club as most would tend to do but when people are reading 5&6 significant stories about the clubs finances , how they sign players and their basic communication skills you gotta start thinking that City are not being 100% honest . Rules are for all not just some

I think Lampard was perfectly aware of who he was signing for, no indication that he wasn't.

The subsidiaries have been publicised, and there is detail in the publicly available annual report.

Garcia, who really cares? Irrelevant.

Intellectual Property rights debacle? What evidence is there that the figure was made up? I'd imagine that would be a bit hard to get past an auditor.

Rules are for everyone, even clubs incorporated in the Cayman Islands.

Don't be silly.


As for the rag post, when you get comments like "Also it nearly looks like Lampard himself didn't know who he had signed for", you can just treat the rest as bollocks.

 

[BobKowalski]

@from a rag,
Re Lampard. I know you are saying that there is nothing to see here and I would agree with you in normal circumstances but this is yet another in a long line of "iffy" situations involving City over the past few seasons . Start with this issue , why did City not clarify this situation earlier ? why let it get to this ? Also it nearly looks like Lampard himself didn't know who he had signed for . Then there is the latest issue over the hiding of losses in "subsidiary" companies.Transfering of over half the staff to another company within the group of companies , no wider public announcement it just happened and it looks like they were hoping no one would notice and it happened with 2 subsidiaries not just 1 . There's the Garcia issue citing the wrong club & country that he's gone to this is either completely amature or someone was in a hurry to provide figures to someone for a "specific" reason plus it shows a lack of respect to the player Then there was the "Intellectual Property Rights" debacle in 2013 figures where a figure of 22.7m was charged to a sister company within the group this figure was completely made up. Now you can defend your club as most would tend to do but when people are reading 5&6 significant stories about the clubs finances , how they sign players and their basic communication skills you gotta start thinking that City are not being 100% honest . Rules are for all not just some

Except that they are not especially significant. Lampard was a PR cock up in that the signing was heralded as a New York signing because no one imagined he would play anything other than a bit part for City. It was more about keeping fit with City except he turned out to be still very good. Best laid plans and all that. If he had gone to New York in January no one would have been any the wiser (or cared) about the contract structure. City should have managed the story better and ended up losing control of the narrative but it happens. The hysteria over it was far more interesting than the story itself.

Garcia is just a typo in set of accounts and Intellectual Property Rights is a perfectly legitimate concept. Its not like we invented the bloody thing.

As for 'hiding losses' we get to what this is really all about. From IP rights to Lampard its all seen through the prism of FFP by media and other clubs and fans. Buying or setting up other clubs? FFP dodge. Lampard via NYCFC. FFP dodge. Typo in the accounts? FFP dodge. One sugar rather than two? FFP dodge. Everything we do is seen through the lens of FFP and judged accordingly.

Except none of it is to do with FFP (well okay we were a bit cheeky on the IP rights). The group set up, subsidiaries, overseas teams is all about enhancing and maximising revenue streams by building a global brand in major markets with tiered sponsorship/advertising and merchandising. And I don't mean shirt sales but Nissan introducing a 'City' town car in limited colours - sky blue, white or red with black stripes for the sporty types.

Until the media and the rest pull their head out of their arses and start to analyse what it is we are really doing then we will continue to get this FFP distorted view of City's business dealings. But don't expect it any time soon. Sam Wallace of the Independent was on Sunday Supplement a week or so back and he said he had no idea why City were setting up overseas clubs. Seriously. No idea. Ever thought about doing some investigation into why Sam? No? And you wonder why we get such ill informed bollocks being printed.

 

[Newman Noggs]

@from a rag,
Re Lampard. I know you are saying that there is nothing to see here and I would agree with you in normal circumstances but this is yet another in a long line of "iffy" situations involving City over the past few seasons . Start with this issue , why did City not clarify this situation earlier ? why let it get to this ? Also it nearly looks like Lampard himself didn't know who he had signed for . Then there is the latest issue over the hiding of losses in "subsidiary" companies.Transfering of over half the staff to another company within the group of companies , no wider public announcement it just happened and it looks like they were hoping no one would notice and it happened with 2 subsidiaries not just 1 . There's the Garcia issue citing the wrong club & country that he's gone to this is either completely amature or someone was in a hurry to provide figures to someone for a "specific" reason plus it shows a lack of respect to the player Then there was the "Intellectual Property Rights" debacle in 2013 figures where a figure of 22.7m was charged to a sister company within the group this figure was completely made up. Now you can defend your club as most would tend to do but when people are reading 5&6 significant stories about the clubs finances , how they sign players and their basic communication skills you gotta start thinking that City are not being 100% honest . Rules are for all not just some

You see, this is one of the problems with social media. People with a certain viewpoint, even those with limited intellectual abilities, are able to locate each other and form a virtual mob. Once formed, as if the weight of numbers imbues it with some sort of entitlement, the mob then takes on a self-awarded right to know. Why on earth would our club feel obliged to explain itself to these sweaty no-marks ?