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

[Prestwich_Blue]

Re: City & FFP (continued)

That's interesting.... because in my mind, I saw the sanctions in May 2014, and therefore worked on the assumption is was 2014's accounts to 1st April 2014.

We prepare accounts to 31st May, not 1st April but the sanctions were based on the aggregate position of the accounts for the years to 2012 and 2013. The 2014 financial year hadn't ended when the sanctions were announced.

 

[Centurions]

That's interesting.... because in my mind, I saw the sanctions in May 2014, and therefore worked on the assumption is was 2014's accounts to 1st April 2014.

We prepare accounts to 31st May, not 1st April but the sanctions were based on the aggregate position of the accounts for the years to 2012 and 2013. The 2014 financial year hadn't ended when the sanctions were announced.

Correct. The sanctions were made public on or around the 6th of May 2014 (it feels much longer though for some reason) so how UEFA could sanction us on the figures released (eventually) in December which ran up until the 31st of May beggars belief.

http://annualreport.mcfc.co.uk/, the breakdown is http://annualreport.mcfc.co.uk/financial-report/notes-to-the-consolidated-financial-statement which shows staff costs as £205,044,00 down from £233,106,000.

Since then we've announced a raft of new, extended bonus based contracts which has lowered it (significantly?) again.

 

[Centurions]

And while I'm here: https://www.mcfc.co.uk/news/club-news/2014/december/club-annual-report-2014 which states (again) on the 3rd of December 2014 -

The club expects to be entering the 2015-16 season with no outstanding sanctions or restrictions.

For those who were trying to work out what we've spent this season the accounts added this bit:

29 - Post balance sheet events
Since the year-end the football registrations of Fernando (from FC Porto), Eliaquim Mangala (from FC Porto), Wilfredo Caballero (from Malaga), Bruno Zuculini (from Racing Club), Frank Lampard and Bacary Sagna have been acquired. The registrations of Javier Garcia (to Shakhtar Donetsk), Jack Rodwell (to Sunderland) and Emyr Huws (to Wigan Athletic) were sold. The net expenditure on these transactions was approximately £38.8m.

 

[fbloke]

Iirc there was a specific mention that bonuses weren't included in the salary cap

Without searching to check, I am pretty sure you are right. Because I remember thinking how bloody stupid that is, because instead of paying say £200k per week, we just pay £150k plus a £50k bonus for not being sent off. Or whatever.

That's how I remember it as I was think the same
Put them all on minimum wage with massive (er) bonuses

There was a very real threat that the players would be called out on strike if a salary cap, in any form, was introduced via FFP.

UEFA have tried to make it sound like FFP is a tough restriction but in fact its simply rubber stamping the way that most clubs are now framing contracts in any case.

There is one player who recently signed for Sunderland who simply has to turn up on match day to achieve one of his bonus payments.

As for Fanchester's pessimism I do find it funny that he tells me I am dead wrong about City's spending intentions when he doesnt know the facts about contract values, bonus payments and even on the available funds for summer signings.

I will trust the information chucked my way that City's net spend, if all players they desire sign for City, will be £150m - £200m.

 

[BlueRockape]

Without searching to check, I am pretty sure you are right. Because I remember thinking how bloody stupid that is, because instead of paying say £200k per week, we just pay £150k plus a £50k bonus for not being sent off. Or whatever.

That's how I remember it as I was think the same
Put them all on minimum wage with massive (er) bonuses

There was a very real threat that the players would be called out on strike if a salary cap, in any form, was introduced via FFP.

UEFA have tried to make it sound like FFP is a tough restriction but in fact its simply rubber stamping the way that most clubs are now framing contracts in any case.

There is one player who recently signed for Sunderland who simply has to turn up on match day to achieve one of his bonus payments.

As for Fanchester's pessimism I do find it funny that he tells me I am dead wrong about City's spending intentions when he doesnt know the facts about contract values, bonus payments and even on the available funds for summer signings.

I will trust the information chucked my way that City's net spend, if all players they desire sign for City, will be £150m - £200m.

Can we do this 200 m without more sanctions ?.

Honest question from a thiko

 

[blueparrot]

Without searching to check, I am pretty sure you are right. Because I remember thinking how bloody stupid that is, because instead of paying say £200k per week, we just pay £150k plus a £50k bonus for not being sent off. Or whatever.

That's how I remember it as I was think the same
Put them all on minimum wage with massive (er) bonuses

There was a very real threat that the players would be called out on strike if a salary cap, in any form, was introduced via FFP.

UEFA have tried to make it sound like FFP is a tough restriction but in fact its simply rubber stamping the way that most clubs are now framing contracts in any case.

There is one player who recently signed for Sunderland who simply has to turn up on match day to achieve one of his bonus payments.

As for Fanchester's pessimism I do find it funny that he tells me I am dead wrong about City's spending intentions when he doesnt know the facts about contract values, bonus payments and even on the available funds for summer signings.

I will trust the information chucked my way that City's net spend, if all players they desire sign for City, will be £150m - £200m.

If you mean net and that's not a mistake then I'm of to the transfer forum:-)

 

[fbloke]

That's how I remember it as I was think the same
Put them all on minimum wage with massive (er) bonuses

There was a very real threat that the players would be called out on strike if a salary cap, in any form, was introduced via FFP.

UEFA have tried to make it sound like FFP is a tough restriction but in fact its simply rubber stamping the way that most clubs are now framing contracts in any case.

There is one player who recently signed for Sunderland who simply has to turn up on match day to achieve one of his bonus payments.

As for Fanchester's pessimism I do find it funny that he tells me I am dead wrong about City's spending intentions when he doesnt know the facts about contract values, bonus payments and even on the available funds for summer signings.

I will trust the information chucked my way that City's net spend, if all players they desire sign for City, will be £150m - £200m.

If you mean net and that's not a mistake then I'm of to the transfer forum:-)

N.E.T.

But one player they are trying to sign would at into about one third of that.

 

[fbloke]

That's how I remember it as I was think the same
Put them all on minimum wage with massive (er) bonuses

There was a very real threat that the players would be called out on strike if a salary cap, in any form, was introduced via FFP.

UEFA have tried to make it sound like FFP is a tough restriction but in fact its simply rubber stamping the way that most clubs are now framing contracts in any case.

There is one player who recently signed for Sunderland who simply has to turn up on match day to achieve one of his bonus payments.

As for Fanchester's pessimism I do find it funny that he tells me I am dead wrong about City's spending intentions when he doesnt know the facts about contract values, bonus payments and even on the available funds for summer signings.

I will trust the information chucked my way that City's net spend, if all players they desire sign for City, will be £150m - £200m.

Can we do this 200 m without more sanctions ?.

Honest question from a thiko

Depends who you listen to.

The people who told me are certain the club thinks they can when all income is totted up.

 

[blueparrot]

There was a very real threat that the players would be called out on strike if a salary cap, in any form, was introduced via FFP.

UEFA have tried to make it sound like FFP is a tough restriction but in fact its simply rubber stamping the way that most clubs are now framing contracts in any case.

There is one player who recently signed for Sunderland who simply has to turn up on match day to achieve one of his bonus payments.

As for Fanchester's pessimism I do find it funny that he tells me I am dead wrong about City's spending intentions when he doesnt know the facts about contract values, bonus payments and even on the available funds for summer signings.

I will trust the information chucked my way that City's net spend, if all players they desire sign for City, will be £150m - £200m.

Can we do this 200 m without more sanctions ?.

Honest question from a thiko

Depends who you listen to.

The people who told me are certain the club thinks they can when all income is totted up.

What people tend to forget, if I understand correctly, is this summers transfers will be on next seasons accounts spring 2016 so even if any new sponsorship deals don't get announced until later in the year or are dependant on who we sign then as long as the club are confident in next years income they can spend as much as they like in the summer.

 

[emiratblu]

The silver lining is that our overpaid non performers will be replaced with lower salaried younger triers
It may be sufficient to force the holistic approach after two years of false dawns