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

[SilverFox2]

We really are fiddling while Rome burns if we twist and turn to comply. These ‘Rules’ are designed to ensure that we are ALWAYS at least a couple of steps behind the likes of Utd, Bayern, Barca etc. Yes, we may just about comply and avoid further fines etc, but we will not be able to compete, ever, with the ‘old guard’. We will bend over backwards to comply, but all we will be doing is reinforcing UEFA’s position and aiding their objective of keeping us down. Unless we are happy taking crumbs from the table in perpetuity, we have to fight sooner or later. Complying and being kept in our place is infinitely less appealing that fighting like fuck, causing all hell to break out and possibly losing with the ‘consequences’ that carries. From where I’m sitting, it doesn’t seem like we have much to lose, because if we don’t fight we are consigned to the ‘also rans camp’ equally if we fight and lose.

I think it is a crock of an excuse an absolute crock, only bayern, psg, rags, barca and Madrid have any real FFP advantage over us part from this year when you look at our turnover. One of those had the same punishment as we did last summer and another one is banned. Of the other three two spent big.

So whilst we can cry about this effecting us vs rags, Madrid and maybe bayern compared to any other of the thousands of teams in Europe it helps us. It's not like everyone else spent net 50m+ either.

Out problems:

Our last three managers have been incredibly tactically inflexible and haven't been able to shake things up. Pellegrini the worst of them

Our full backs are our most important position and we have had one world class full back over the last few years and he has been poor this year

Our recent managers have been too scared to play youth and that stops us shaking things up and also takes away an opportunity to get the fans behind us.

There is a mentality issue with a couple of players and something isn't right, the fans blame Yaya but I have a feeing maybe one of our saints Is the issue?

I think the atmosphere and feeling amongst the fans has been as flat as anything, with winning the league all the pent up hope, emotion, etc was released and as yet nothing has replaced it, the fans and atmosphere are emotionally flat, some local kids making the first team, a big champs league run or a rockstar player is needed to shake the whole club and especially the fans from a flat emotional lethargy !

FFP meant we took risks and could only address one position last summer and we did it wrong but overall I don't blame FFP.

The single biggest reason for the whole season in my view was the World Cup, we have never settled as a team this year, some players have never looked ready for the season and I think players like zabba are overplayed. Also I think the bad start meant we have never found our confidence , fitness or mojo

Whilst FFP cannot be blamed for this seasons collapse and particularly yesterdays debacle, the fact is it is designed to keep us behind the ‘top clubs’. In addition to your ‘list’, add Arsenal and Chelsea. The architects of this were only interested in protecting the interests of the existing half dozen dominant clubs - they couldn’t give a shit if City and PSG stay ahead of the thousands of other clubs, so long as we don’t stay ahead of Utd, Arsenal, Barca, Bayern and Madrid etc. That is what this is all about and guess what? it’s working and at this rate things are going to get worse. Currently, we have the benefit of the spending over the last 5 years (if the word ‘benefit’ is appropriate given recent performances), but slowly and surely, the advantage of our spending power that we had between 2008-2013 will disappear and the big clubs will take their pick of the best as usual. We may cement our perennial position in the top 4 in the Premier League, but in the long term, that is all it will be because the clubs who spend the most generally win the most. Given our trials and tribulations over the last 50 years, a solid top 4 position may sound OK, but I doubt that is what the owners had in mind when they bought the club and hosed money into it.

I am not entirely convinced that our owner is unhappy with being 'just in the top 4'.
Obviously as a City fan (although I believe he may have a soft spot for Real Madrid) Sheik M. will be very disappointed if we do not win the PL each year and make better progress in the CL. However this may not be imperative to his financial plan for CFG.

As long as City are prominent enough to allow his ADUG team to obtain the sponsorship targets from a global market using his CFG vision to spread the word then he will achieve his objective.
ADUG are his investment group so they are expected to make a profit so if we ignore the skewed rules of FFP that shortened the timeline of ADUG's investment phase FFP has really been teaching our owner how to suck eggs.

The current problem of an under performing team will undoubtedly be addressed by ADUG but maybe in a way that is within their own business plan which may not be as financially flexible as yesteryear.

 

[citysix]

I truly believe we'll have the last laugh, our owners won't settle for second best...onwards and upwards blues

 

[Prestwich_Blue]

I believe the £150m (although it could be a bit more) is the anticipated gross spend. I simply do not believe we would or could spend £150-170m net.

I've just been going through some figures for my KOTK article and I think I was wrong on this. I believe we'll be freeing up about £30m a year in amortisation alone, which equates to a potential gross spend of £150m. However, with the players that are expected to be sold, most have low book values, meaning getting even £15m for them gives us a good profit on sale. I reckon we could see a total profit on sale of around £60m. Even if you split that over 3 years, that's up to £100m we could possibly spend without affecting the bottom line. So it's entirely possible we could spend £250m gross and £160-170m net on 5 or 6 players.

 

[bluekeith]

I believe the £150m (although it could be a bit more) is the anticipated gross spend. I simply do not believe we would or could spend £150-170m net.

I've just been going through some figures for my KOTK article and I think I was wrong on this. I believe we'll be freeing up about £30m a year in amortisation alone, which equates to a potential gross spend of £150m. However, with the players that are expected to be sold, most have low book values, meaning getting even £15m for them gives us a good profit on sale. I reckon we could see a total profit on sale of around £60m. Even if you split that over 3 years, that's up to £100m we could possibly spend without affecting the bottom line. So it's entirely possible we could spend £250m gross and £160-170m net on 5 or 6 players.

You do realise that you have just set yourself up for 20-30 pages questioning your sums and sanity ( I hope you are right )

 

[Patientman63]

If the top four finishes this season with Chelski, Arse, the rags and Loserpool, then certain key parties will consider FFP a complete success. It will be even harder to break it down without going to war on it.

 

[richards30]

I believe the £150m (although it could be a bit more) is the anticipated gross spend. I simply do not believe we would or could spend £150-170m net.

I've just been going through some figures for my KOTK article and I think I was wrong on this. I believe we'll be freeing up about £30m a year in amortisation alone, which equates to a potential gross spend of £150m. However, with the players that are expected to be sold, most have low book values, meaning getting even £15m for them gives us a good profit on sale. I reckon we could see a total profit on sale of around £60m. Even if you split that over 3 years, that's up to £100m we could possibly spend without affecting the bottom line. So it's entirely possible we could spend £250m gross and £160-170m net on 5 or 6 players.

I had heard weeks ago that gross spend at that time was talked about £230m and posted it on here. Seemed certain of top 4 then though!

 

[BlueRockape]

I believe the £150m (although it could be a bit more) is the anticipated gross spend. I simply do not believe we would or could spend £150-170m net.

I've just been going through some figures for my KOTK article and I think I was wrong on this. I believe we'll be freeing up about £30m a year in amortisation alone, which equates to a potential gross spend of £150m. However, with the players that are expected to be sold, most have low book values, meaning getting even £15m for them gives us a good profit on sale. I reckon we could see a total profit on sale of around £60m. Even if you split that over 3 years, that's up to £100m we could possibly spend without affecting the bottom line. So it's entirely possible we could spend £250m gross and £160-170m net on 5 or 6 players.

After reading most of the Pellers thread you just put a smile back on my face :-)

 

[Patientman63]

If the top four finishes this season with Chelski, Arse, the rags and Loserpool, then certain key parties will consider FFP a complete success. It will be even harder to break it down without going to war on it.

 

[gkmcfc]

I think it is a crock of an excuse an absolute crock, only bayern, psg, rags, barca and Madrid have any real FFP advantage over us part from this year when you look at our turnover. One of those had the same punishment as we did last summer and another one is banned. Of the other three two spent big.

So whilst we can cry about this effecting us vs rags, Madrid and maybe bayern compared to any other of the thousands of teams in Europe it helps us. It's not like everyone else spent net 50m+ either.

Out problems:

Our last three managers have been incredibly tactically inflexible and haven't been able to shake things up. Pellegrini the worst of them

Our full backs are our most important position and we have had one world class full back over the last few years and he has been poor this year

Our recent managers have been too scared to play youth and that stops us shaking things up and also takes away an opportunity to get the fans behind us.

There is a mentality issue with a couple of players and something isn't right, the fans blame Yaya but I have a feeing maybe one of our saints Is the issue?

I think the atmosphere and feeling amongst the fans has been as flat as anything, with winning the league all the pent up hope, emotion, etc was released and as yet nothing has replaced it, the fans and atmosphere are emotionally flat, some local kids making the first team, a big champs league run or a rockstar player is needed to shake the whole club and especially the fans from a flat emotional lethargy !

FFP meant we took risks and could only address one position last summer and we did it wrong but overall I don't blame FFP.

The single biggest reason for the whole season in my view was the World Cup, we have never settled as a team this year, some players have never looked ready for the season and I think players like zabba are overplayed. Also I think the bad start meant we have never found our confidence , fitness or mojo

Whilst FFP cannot be blamed for this seasons collapse and particularly yesterdays debacle, the fact is it is designed to keep us behind the ‘top clubs’. In addition to your ‘list’, add Arsenal and Chelsea. The architects of this were only interested in protecting the interests of the existing half dozen dominant clubs - they couldn’t give a shit if City and PSG stay ahead of the thousands of other clubs, so long as we don’t stay ahead of Utd, Arsenal, Barca, Bayern and Madrid etc. That is what this is all about and guess what? it’s working and at this rate things are going to get worse. Currently, we have the benefit of the spending over the last 5 years (if the word ‘benefit’ is appropriate given recent performances), but slowly and surely, the advantage of our spending power that we had between 2008-2013 will disappear and the big clubs will take their pick of the best as usual. We may cement our perennial position in the top 4 in the Premier League, but in the long term, that is all it will be because the clubs who spend the most generally win the most. Given our trials and tribulations over the last 50 years, a solid top 4 position may sound OK, but I doubt that is what the owners had in mind when they bought the club and hosed money into it.

I am not entirely convinced that our owner is unhappy with being 'just in the top 4'.
Obviously as a City fan (although I believe he may have a soft spot for Real Madrid) Sheik M. will be very disappointed if we do not win the PL each year and make better progress in the CL. However this may not be imperative to his financial plan for CFG.

As long as City are prominent enough to allow his ADUG team to obtain the sponsorship targets from a global market using his CFG vision to spread the word then he will achieve his objective.
ADUG are his investment group so they are expected to make a profit so if we ignore the skewed rules of FFP that shortened the timeline of ADUG's investment phase FFP has really been teaching our owner how to suck eggs.

The current problem of an under performing team will undoubtedly be addressed by ADUG but maybe in a way that is within their own business plan which may not be as financially flexible as yesteryear.

Have we forgotten City generate more income than Chelsea and Arsenal? United are a beast in their own right but with our income streams constantly increasing I don't see a major problem.

 

[It could have been 10]

If the top four finishes this season with Chelski, Arse, the rags and Loserpool, then certain key parties will consider FFP a complete success. It will be even harder to break it down without going to war on it.

I refuse to refer to the rules as FFP. The correct name should be Financial Unfair Let's Help United Get Back To The Top (FULHUGBTTT).