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

[SilverFox2]

French papers reporting PSG restriction this year €60 million spend without sales & CL squad increased from 21 to 22. Is this what we have in store?

Doubt it

We only made a 6m loss overall in the relevant accounts. And that's before all the non FFP deductions


Nobody but UEFA and PSG knows how much PSG's QTA sponsorship was slashed by but it would seem that they failed to make up for it in revenue growth.

As I said previously. We only got hammered to the same degree as PSG because we couldn't discount pre June 2010 wages using the FFP submission spreadsheet (that changed AFTER we submitted our 2011-12 accounts). That mean't we failed FFP by well over £100m rather than an FFP submission showing a boarder line FFP pass to a maximum FFP loss of about £6m.

As the usual suspects in the media with links to Utd & Arsenal haven't said a discky bird about a proposed fine for City, I'm rather hopeful that UEFA are not going to be able to shaft us this year. That said if there is any possibility of us being shafted then we will be,

I agree that probably UEFA will shaft us if they can but surely our legal team will have sewn up the detail when ADUG decided to accept the compromise fine ?
I understand your misgivings but I guess Mr K. has more reason to lose trust in UEFA and acted accordingly before agreeing to said compromise ?

 

[kippax4ever]

Plus don't we receive Cl money that was held back when we got shafted if we've complied?

 

[aguero93:20]

So Paris won't be signing Pogba then. Interesting that they have the same restrictions again this summer. At least that's what is being reported over here this morning. Waiting to see if anyone reputable backs it.

They could easily turn that €60m limit into the money needed by selling Cabaye, Cavani and Pastore, although weakening their squad and using their entire budget again on one player could prove to be a huge mistake.

Plus don't we receive Cl money that was held back when we got shafted if we've complied?

IIRC we still lose the €20m we were fined, but the additional €40m suspended fine will be lifted. Or should be anyway.

 

[blueparrot]

So Paris won't be signing Pogba then. Interesting that they have the same restrictions again this summer. At least that's what is being reported over here this morning. Waiting to see if anyone reputable backs it.

They could easily turn that €60m limit into the money needed by selling Cabaye, Cavani and Pastore, although weakening their squad and using their entire budget again on one player could prove to be a huge mistake.

Plus don't we receive Cl money that was held back when we got shafted if we've complied?

IIRC we still lose the €20m we were fined, but the additional €40m suspended fine will be lifted. Or should be anyway.

We still lose the 20 Mill Euros, but it can still be counted as income in our FFP figures IIRC.

 

[BooksReject]

Respected Italian journalist Gianluca Di Marzio reporting summer spend of £220m....(inc Pogba - wheres Big Dave?)
The Club must have been told already if the above is true or are we just walking roughshod over their corruption?
Roll on Summer!!

 

[aguero93:20]

So Paris won't be signing Pogba then. Interesting that they have the same restrictions again this summer. At least that's what is being reported over here this morning. Waiting to see if anyone reputable backs it.

They could easily turn that €60m limit into the money needed by selling Cabaye, Cavani and Pastore, although weakening their squad and using their entire budget again on one player could prove to be a huge mistake.

Plus don't we receive Cl money that was held back when we got shafted if we've complied?

IIRC we still lose the €20m we were fined, but the additional €40m suspended fine will be lifted. Or should be anyway.

We still lose the 20 Mill Euros, but it can still be counted as income in our FFP figures IIRC.

Yep. Realistically having the additional €40m fine won't affect our budget either.

 

[tolmie's hairdoo]

There is just absolutely no way City are under any impression other than they can spend relatively freely this summer.

The ongoing talks for various players takes it way beyond this supposed Paris cap.

I would estimate us bringing in between £50-£60m in outgoing sales.

More importantly, the wage bill is having about £48m a year freed-up to create the wiggle room to bring in and pay handsomely the talent we need.

That would pretty much see the wages remain in line with what they are now.

If Uefa say otherwise, we might see one helluva legal case?

 

[blueinsa]

There is just absolutely no way City are under any impression other than they can spend relatively freely this summer.

The ongoing talks for various players takes it way beyond this supposed Paris cap.

I would estimate us bringing in between £50-£60m in outgoing sales.

More importantly, the wage bill is having about £48m a year freed-up to create the wiggle room to bring in and pay handsomely the talent we need.

That would pretty much see the wages remain in line with what they are now.

If Uefa say otherwise, we might see one helluva legal case?

Id agree. We took our pinch and a further attempt by UEFA will be met with a huge fuck off imo.

 

[Sir peace frog]

please be patient,im just a rough arsed ramp rat .

but when we got fined I was under the impression that we had come to an agreement with the powers that be ,and that agreement was a set target ,I thought at the time we had negotiated a target because we weren't very happy with the way they "shafted us"

or did I dream this

 

[kippax4ever]

They could easily turn that €60m limit into the money needed by selling Cabaye, Cavani and Pastore, although weakening their squad and using their entire budget again on one player could prove to be a huge mistake.



IIRC we still lose the €20m we were fined, but the additional €40m suspended fine will be lifted. Or should be anyway.

We still lose the 20 Mill Euros, but it can still be counted as income in our FFP figures IIRC.

Yep. Realistically having the additional €40m fine won't affect our budget either.

Taking it a step further,now am not suggesting the sheik does bail us out(as he wants the club to be run self sufficient.)but we regards to our fine couldn't he have done what the link says below
1. Losses over €5m
UEFA are keen to ensure that clubs don't go deeper and deeper into debt so insist that any clubs losses over €5m during a single Monitoring Period are fully funded by their owner. In practice this means that clubs can only lose up to the maximum €45m during the first Monitoring Period if their owner is able and willing to put their hand in their pocket for any loss over €5m and, in UEFA's terminology, 'convert the loss to equity'. But what does this term mean and what are the implications? Let's use an example of a club losing €30m during the first Monitoring Period. We can see that the club passes the Break-Even test (as the loss is below the €45 threshold). However the €30m loss is above the €5m figure and the owner will need to take some action. In this example the club will create additional shares which the owner will have to buy for €25m (the difference between €30m and €5m). The Club will gain €25m in cash (ensuring the club's overdraft/debt doesn't increase) and the owner will be out of pocket by €25. However, the owner will now hold a potentially worthless paper share certificate. The problem for the owner is that they may never get their €25m back again they might possibly get it back if they sold the club, or if the club makes a profit in future years and he gets paid a dividend). This scenario might not trouble Abramovich or Sheikh Mansour but is the irksome prospect facing the owners of clubs such as Newcastle, Sunderland and Aston Villa