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

[Neil McNab]

Re: Sunday Press. "City may face Euro Expulsion"

you haven't got a clue what you talking about.

Take your tinted specs off, the rags and co are hypocrites but morons who don't know the difference between profitability and revenue shouldn't talk about things of which they have no grasp.

 

[gordondaviesmoustache]

Re: Sunday Press. "City may face Euro Expulsion"

you haven't got a clue what you talking about.

Take your tinted specs off, the rags and co are hypocrites but morons who don't know the difference between profitability and revenue shouldn't talk about things of which they have no grasp.

I think you've failed to grasp that I was mocking your poor English. Those who choose to call others 'morons' should do so with a little more authority than you have displayed.

Willis.

 

[I'm no cynic but...]

Re: Sunday Press. "City may face Euro Expulsion"

Question:

Wasn't there an issue regarding UEFA competitions whereby they are by invitation only and the European courts couldn't force UEFA to include us in the CL even if FFP is proved uninforceble as it's a private competition?

As far as I know, entry is by invite on the basis that clubs meet all the qualification rules, eg winning trophies or achieving a qualifying position in their domestic competitions. For instance, if a judgement was made that barred City from next year's C/L, the club that finished fifth will NOT replace us as they failed to achieve the qualifying credentials. That answers half of your question, regarding qualification, but whether a club can be barred on the basis of the whim of a private committee is debatable. Even if City did not use any 'questionable accountancy tricks' regarding sponsorship deals, and instead chose to go fully private and capitalize the club with ADUG money, every penny of it, then it's still a difficult enough task for a private committee to bar the club without facing a huge, and expensive, legal challenge. As long as City are doing nothing illegal, and in fact only doing what other present day successful businesses have had to do in the early days of their formation, then their is nothing to fear.

There have been clubs banned from Europe, notably Malaga, but this was for financial irregularities in their failure to pay their bills, something that the present day City do not do.

 

[Burtonblue]

Re: Sunday Press. "City may face Euro Expulsion"

you haven't got a clue what you talking about.

Take your tinted specs off, the rags and co are hypocrites but morons who don't know the difference between profitability and revenue shouldn't talk about things of which they have no grasp.

I may not be an accountant (thank Christ!) but a growth in revenue over 5 yrs from £80 million to £270 million and a halving in losses despite a trophy less season and poor CL campaign indicate good financial progress given where the club has come from.
I may have used the term profitability incorrectly but that hardly justifies you calling me a moron.
I was mery making the point that this year's figures have surprised some who don't believe their authenticity and are looking for ways to get us banned.
Suggest you keep the insults to yourself pal.

 

[Bluemoon230989]

Re: Sunday Press. "City may face Euro Expulsion"

Take your tinted specs off, the rags and co are hypocrites but morons who don't know the difference between profitability and revenue shouldn't talk about things of which they have no grasp.

I may not be an accountant (thank Christ!) but a growth in revenue over 5 yrs from £80 million to £270 million and a halving in losses despite a trophy less season and poor CL campaign indicate good financial progress given where the club has come from.
I may have used the term profitability incorrectly but that hardly justifies you calling me a moron.
I was mery making the point that this year's figures have surprised some who don't believe their authenticity and are looking for ways to get us banned.
Suggest you keep the insults to yourself pal.

Agree with BB, NM should be fucking embarrassed knowing all that accountancy shit!

 

[I'm no cynic but...]

Re: Sunday Press. "City may face Euro Expulsion"

Take your tinted specs off, the rags and co are hypocrites but morons who don't know the difference between profitability and revenue shouldn't talk about things of which they have no grasp.

I may not be an accountant (thank Christ!) but a growth in revenue over 5 yrs from £80 million to £270 million and a halving in losses despite a trophy less season and poor CL campaign indicate good financial progress given where the club has come from.
I may have used the term profitability incorrectly but that hardly justifies you calling me a moron.
I was mery making the point that this year's figures have surprised some who don't believe their authenticity and are looking for ways to get us banned.
Suggest you keep the insults to yourself pal.

The vast majority of us on this thread agree with you. Just ignore the trolls. It makes for an easier life.

 

[Marvin]

Re: Sunday Press. "City may face Euro Expulsion"

you haven't got a clue what you talking about.

Take your tinted specs off, the rags and co are hypocrites but morons who don't know the difference between profitability and revenue shouldn't talk about things of which they have no grasp.

We know that, but when the Reports and Accounts were released, I am sure I read a quote from Sorriano claming that City were breaking even now, and expect to be in profit for the season 2013/14

Edit: Here's a quote, but a timeframe isn't specified

•Chief Executive Ferran Soriano echoes these sentiments, citing the continued transformation of the organisation and the resulting significant strides made in both loss reduction and increased turnover, saying “ growing revenues and controlled expenses are bringing the Club to break even in the immediate future and profitability thereafter.”

Seems quite obvious what will happen if revenues rise this season, and expenses are controlled

 

[BluessinceHydeRoad]

Re: Sunday Press. "City may face Euro Expulsion"

I hear people talk of fairness - it wasn't intended to be fair. People talk of how ineffective it is in tackling the real problem of debt - it wasn't intended to tackle debt. People talk of how it's bad for the game by effectively stifling competition - it wasn't intended to be good for the game. UEFA was allowed to bring in FFP in it's current format by the top clubs, because they are all multi million pound businesses looking to protect their income streams, by effectively blocking the possibility of any rival clubs challenging their dominance by setting their financial advantage in stone. If UEFA had introduced FFP regulations that were fair, tackled debt and encouraged competition, we'd have seen a breakaway European Super League before you could say hypocritical bastards.

It has to be fair. The argument in favour of FFPR is that it tries to enforce certain regulations which appear to be inconsistent with European commercial law on competition because these regulations actually protect competition and are, therefore, in the wider interests of the game by protecting clubs by insisting on greater financial responsibility. These regulations are open to serious question as general principles - they clearly restrict the rights of shareholders to invest in their business (a right enshrined in law) and they expressly wish to limit expenditure on wages. To that extent they are clearly anti-competitive, and UEFA lawyers would have a hard task convincing judges that they are necessary to fulfil the avowed aims of FFPR - and City would be bound to ask the question in court, especially in a case involving competitor clubs! But City's case would also be that none of the actions of the club have anything other than steps to behave with financial prudence and, actually to fulfill the objectives which UEFA has identified, and to do this while protecting the long term interests of the club and the game. City have competed and competed prudently.

UEFA would have to convince a court that this was not a convincing case - a court of law, not Arsenal, Chelsea and Liverpool.

UEFA need to be taken to court by a debt free club that has attempted to comply with FFP regulations like it needs the proverbial hole in the head. Chelsea, Arsenal and Liverpool are mightily pissed off because FFP was intended to stop the likes of City, but there's bugger all they can do about it and I suspect they know it.

Precisely my point - UEFA can't attack City without attacking other high profile clubs. They wouldn't have a chance against City. There will be no action against City because there is no case. It's other clubs which are at risk - if anyone is!

 

[Neil McNab]

Re: Sunday Press. "City may face Euro Expulsion"

Take your tinted specs off, the rags and co are hypocrites but morons who don't know the difference between profitability and revenue shouldn't talk about things of which they have no grasp.

I may not be an accountant (thank Christ!) but a growth in revenue over 5 yrs from £80 million to £270 million and a halving in losses despite a trophy less season and poor CL campaign indicate good financial progress given where the club has come from.
I may have used the term profitability incorrectly but that hardly justifies you calling me a moron.
I was mery making the point that this year's figures have surprised some who don't believe their authenticity and are looking for ways to get us banned.
Suggest you keep the insults to yourself pal.

We were more profitable under Swales, lee, and the Thai than we are right now, the moron comment I take back. The progress you talk about isn't as you perceive it and we will never genuinely be self sufficient until we knock a big chunk of our wage off.<br /><br />-- Sun Feb 02, 2014 4:57 pm --<br /><br />

Take your tinted specs off, the rags and co are hypocrites but morons who don't know the difference between profitability and revenue shouldn't talk about things of which they have no grasp.

I may not be an accountant (thank Christ!) but a growth in revenue over 5 yrs from £80 million to £270 million and a halving in losses despite a trophy less season and poor CL campaign indicate good financial progress given where the club has come from.
I may have used the term profitability incorrectly but that hardly justifies you calling me a moron.
I was mery making the point that this year's figures have surprised some who don't believe their authenticity and are looking for ways to get us banned.
Suggest you keep the insults to yourself pal.

Agree with BB, NM should be fucking embarrassed knowing all that accountancy shit!

Never be embarrassed to have a brain, you actually agree with me but you can't understand what I'm saying.

 

[waspish]

Re: Sunday Press. "City may face Euro Expulsion"

Take your tinted specs off, the rags and co are hypocrites but morons who don't know the difference between profitability and revenue shouldn't talk about things of which they have no grasp.

I may not be an accountant (thank Christ!) but a growth in revenue over 5 yrs from £80 million to £270 million and a halving in losses despite a trophy less season and poor CL campaign indicate good financial progress given where the club has come from.
I may have used the term profitability incorrectly but that hardly justifies you calling me a moron.
I was mery making the point that this year's figures have surprised some who don't believe their authenticity and are looking for ways to get us banned.
Suggest you keep the insults to yourself pal.

We were more profitable under Swales, lee, and the Thai than we are right now, the moron comment I take back. The progress you talk about isn't as you perceive it and we will never genuinely be self sufficient until we knock a big chunk of our wage off.

-- Sun Feb 02, 2014 4:57 pm --

I may not be an accountant (thank Christ!) but a growth in revenue over 5 yrs from £80 million to £270 million and a halving in losses despite a trophy less season and poor CL campaign indicate good financial progress given where the club has come from.
I may have used the term profitability incorrectly but that hardly justifies you calling me a moron.
I was mery making the point that this year's figures have surprised some who don't believe their authenticity and are looking for ways to get us banned.
Suggest you keep the insults to yourself pal.

Agree with BB, NM should be fucking embarrassed knowing all that accountancy shit!

Never be embarrassed to have a brain, you actually agree with me but you can't understand what I'm saying.

So if our turnover next season say is 500m and our wage bill stays the same we will make a profit!

 

[Neil McNab]

Re: Sunday Press. "City may face Euro Expulsion"

Take your tinted specs off, the rags and co are hypocrites but morons who don't know the difference between profitability and revenue shouldn't talk about things of which they have no grasp.

I think you've failed to grasp that I was mocking your poor English. Those who choose to call others 'morons' should do so with a little more authority than you have displayed.

Willis.

Guilty of nothing more than poor use of an iPad keyboard but your pedantic fervour is duly noted.

 

[taconinja]

Re: Sunday Press. "City may face Euro Expulsion"

So... stepping aside from the personal argument is the discussion title an actual possibility? Numbers glaze my eyes over to be quite honest.

 

[mcfc1632]

Re: "City face Euro Expulsion"

Havnt Chelsea failed FFP as well then, 2012 = 1.4m profit & 2013 = 49m loss

At first that why i though they sold Mata but they have also spent at least that this wondow so yup your correct

but won't the money they get for Mata come straight onto their balance sheet whilst the money spent on the new players will be amortised over the term of their contract - so it does sort out their FFP compliance more of less?

 

[Neil McNab]

Re: Sunday Press.

I may not be an accountant (thank Christ!) but a growth in revenue over 5 yrs from £80 million to £270 million and a halving in losses despite a trophy less season and poor CL campaign indicate good financial progress given where the club has come from.
I may have used the term profitability incorrectly but that hardly justifies you calling me a moron.
I was mery making the point that this year's figures have surprised some who don't believe their authenticity and are looking for ways to get us banned.
Suggest you keep the insults to yourself pal.

We were more profitable under Swales, lee, and the Thai than we are right now, the moron comment I take back. The progress you talk about isn't as you perceive it and we will never genuinely be self sufficient until we knock a big chunk of our wage off.

-- Sun Feb 02, 2014 4:57 pm --

Agree with BB, NM should be fucking embarrassed knowing all that accountancy shit!

Never be embarrassed to have a brain, you actually agree with me but you can't understand what I'm saying.

So if our turnover next season say is 500m and our wage bill stays the same we will make a profit!

In the real world we have to reduce our wage bill but you can dream!

 

[Burtonblue]

Re: Sunday Press. "City may face Euro Expulsion"

Take your tinted specs off, the rags and co are hypocrites but morons who don't know the difference between profitability and revenue shouldn't talk about things of which they have no grasp.

I may not be an accountant (thank Christ!) but a growth in revenue over 5 yrs from £80 million to £270 million and a halving in losses despite a trophy less season and poor CL campaign indicate good financial progress given where the club has come from.
I may have used the term profitability incorrectly but that hardly justifies you calling me a moron.
I was mery making the point that this year's figures have surprised some who don't believe their authenticity and are looking for ways to get us banned.
Suggest you keep the insults to yourself pal.

We were more profitable under Swales, lee, and the Thai than we are right now, the moron comment I take back. The progress you talk about isn't as you perceive it and we will never genuinely be self sufficient until we knock a big chunk of our wage off.

-- Sun Feb 02, 2014 4:57 pm --

I may not be an accountant (thank Christ!) but a growth in revenue over 5 yrs from £80 million to £270 million and a halving in losses despite a trophy less season and poor CL campaign indicate good financial progress given where the club has come from.
I may have used the term profitability incorrectly but that hardly justifies you calling me a moron.
I was mery making the point that this year's figures have surprised some who don't believe their authenticity and are looking for ways to get us banned.
Suggest you keep the insults to yourself pal.

Agree with BB, NM should be fucking embarrassed knowing all that accountancy shit!

Never be embarrassed to have a brain, you actually agree with me but you can't understand what I'm saying.

Thanks for the moron withdrawal.
The wages problem goes back a long way, before FFP was mooted.
Moves have been afoot to get these overpaid players off the book but that can't be achieved overnight for obvious reasons.
Wages will also reduce eventually as the club will not need to pay "silly salaries" to attract players as they will want to come here to win trophies. Clearly (hopefully!) winning silver wear over the next few seasons will help achieve this.
I think few would argue the club's finances are heading in the right direction even though our "profitability" is less than under Swales, Lee and dr shinpads. I doubt even accountants on this forum would wish those days back...

 

[Tim of the Oak]

Re: Sunday Press. "City may face Euro Expulsion"

Take your tinted specs off, the rags and co are hypocrites but morons who don't know the difference between profitability and revenue shouldn't talk about things of which they have no grasp.

I think you've failed to grasp that I was mocking your poor English. Those who choose to call others 'morons' should do so with a little more authority than you have displayed.

Willis.

Guilty of nothing more than poor use of an iPad keyboard but your pedantic fervour is duly noted.

And a few facts - or did I miss the profits we made under Swales, Lee and Shinawatra?

Yes wages need to be controlled and the Club knows this. It will be some years before we are self-sufficient and there is a significant stadium expansion that will need to be paid for.

However, we could only dream of being in such a healthy position under other regimes. For example, we have reached a point where the Club can choose between a range of potential sponsors on things like the kit.

Other evidence of our progress is that we no longer seem to have to pay well over the odds to recruit good players. Negredo and Jesus come to mind and there are reports that Fernando is coming on a free.

 

[waspish]

Re: Sunday Press. "City may face Euro Expulsion"

We were more profitable under Swales, lee, and the Thai than we are right now, the moron comment I take back. The progress you talk about isn't as you perceive it and we will never genuinely be self sufficient until we knock a big chunk of our wage off.

-- Sun Feb 02, 2014 4:57 pm --


Never be embarrassed to have a brain, you actually agree with me but you can't understand what I'm saying.

So if our turnover next season say is 500m and our wage bill stays the same we will make a profit!

In the real world we have to reduce our wage bill but you can dream!

Well it will be around 350m turnover next season and the wage bill will come down about 30/40m so a profit we will make sooner or later

 

[i kne albert davy]

Re: Sunday Press. "City may face Euro Expulsion"

The FFP rules are nothing of the sort all they are designed to do is keep the present pigs who have there snouts in the trough there, that's all nothing more, sadly for the greedy bastards who want to keep everything to themselves we've arrived and pushed some of the fatter pigs right out and they've started squealing to anybody who will listen.
If Platini really wants financial fair play then every club in the premiership should be allowed to spend exactly the same on transfer fee's and wage bills then that would be fair excess profits taken by F.A. and distributed to the smaller clubs.
It won't happen neither will City being banned from European competition.
I still find it strange how we're getting picked on a club that's not a penny in debt pouring money into a run down area providing jobs and improving the area to, we must have upset someone.

 

[gordondaviesmoustache]

Re: Sunday Press. "City may face Euro Expulsion"

Take your tinted specs off, the rags and co are hypocrites but morons who don't know the difference between profitability and revenue shouldn't talk about things of which they have no grasp.

I think you've failed to grasp that I was mocking your poor English. Those who choose to call others 'morons' should do so with a little more authority than you have displayed.

Willis.

Guilty of nothing more than poor use of an iPad keyboard but your pedantic fervour is duly noted.

My pedantry was borne out of the humorous conflation of your lack of attention to detail, whilst you referred to others as 'morons', which you have now thankfully retracted.

If you want to call other people idiots to good effect, it's best not to look like one yourself whilst you're doing it.

 

[oakiecokie]

Re: Sunday Press. "City may face Euro Expulsion"

I think you've failed to grasp that I was mocking your poor English. Those who choose to call others 'morons' should do so with a little more authority than you have displayed.

Willis.

Guilty of nothing more than poor use of an iPad keyboard but your pedantic fervour is duly noted.

My pedantry was borne out of the humorous conflation of your lack of attention to detail, whilst you referred to others as 'morons', which you have now thankfully retracted.

If you want to call other people idiots to good effect, it's best not to look like one yourself whilst you're doing it.

This McNab really is coming over all fucking pompous mate.Good on yer.