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

[dasblues]

But not £150 million?

Put it this way....

Without restrictions a MINIMUM of £150m (probably as much as £180m)

With restrictions a MAXIMUM of £125m

You're just making numbers up.

No no, I have an intimate knowledge of mcfc's 5 year business plan ...

If people start from the position that only a priveledged few do know , this place would be a lot more relaxed ..

 

[aguero93:20]

So, Inter lose €180 million over the three year monitoring period with no signs of increasing their revenue or lowering their cost base, no additional youth or infrastructure expenditure, in a year where sanctions were supposed to be tougher than the preceding year, yet they get fined a third of what we did, that sits well.

That 180m is not FFP loss but just the complete financial loss of 3 seasons. They could be paying as high as 10m€ for the stadium per season. Milan does at least...

So Inter lost €150m.....

When are they planning to break even again?

 

[KenTheLandlord]

The CFCB Investigatory Chamber also announced that VfL Wolsburg have been found (following the submission of additional financial information) to have satisfied the break-even requirement and are no longer under investigation.

Fuckin amazing that one. They get £55m a year from Volkswagon bearing in mind corporations cannot be a majority with the 50+1 fan rule in the Bundesliga, how has that been wangled?

 

[route46]

Just my opinion, although based around the hard facts of our settlement agreement which couldn't be clearer.

<a class="postlink" href="http://www.uefa.org/MultimediaFiles/Download/OfficialDocument/uefaorg/ClubFinancialControl/02/10/69/00/2106900_DOWNLOAD.pdf" onclick="window.open(this.href);return false;">http://www.uefa.org/MultimediaFiles/Dow ... WNLOAD.pdf</a>

There was nothing clear about our settlement arrangement.

The only thing that isn't clear is the amount of net spend , for some reason we let that particular cat of the bag...

Manchester City agrees to significantly limit spending in the transfer market for seasons 2014/2015 and 2015/2016. Manchester City further accepts a calculated limitation on the number of new registrations it may include within their “A” List for the purposes of participation in UEFA competitions. This calculation is based on the clubs net transfer position in each respective registration period covered by this agreement.

Now for some reason our précis on mcfc.co.uk only states the upcoming transfer window only.

UEFA wouldn't publish a document on their website stating agreement from city if that wasn't the case. I think the ambiguous nature of city's statement is purely face saving

The problem is , people are grasping at these straws like a scarecrow having a wank

if we do have spending restrictions for 15/16 what's to stop us purchasing player's with an obligation to buy the following season like Valencia did with negredo??

 

[JoeMercer'sWay]

All of the sanctions this year have a removal clause for the punishments in the final year of the sanctions if the club meets break-even requirements. As next season is the final season of our sanctions, I expect no different for us.

Where does it state this, I must have missed it?

I posted it all out and then the forum fucked up for some reason. I'd clarified all that, but then I found this:

<a class="postlink" href="http://www.uefa.com/community/news/newsid=2064391.html" onclick="window.open(this.href);return false;">http://www.uefa.com/community/news/newsid=2064391.html</a>

13) Why has the UEFA Club Financial Control Body reached settlement agreements with clubs?

The CFCB's investigatory chamber can offer clubs settlement agreements, a common instrument for financial regulators to help facilitate compliance. Article 15 of the Procedural rules governing the UEFA Club Financial Control Body states that "settlement agreements may set out the obligation(s) to be fulfilled by the defendant, including the possible application of disciplinary measures and, where necessary, a specific timeframe. The CFCB chief investigator monitors the proper and timely implementation of the settlement agreement. If a defendant fails to comply with the terms of a settlement agreement, the CFCB chief investigator shall refer the case to the adjudicatory chamber."

14) Can you explain the financial measures handed out and how the figures were determined?

Financial measures are linked to each club's earnings from their participation in European competition during the assessment period.

17) How are clubs that have contravened financial fair play being incentivised to become break-even compliant?

Settlements require the clubs to become compliant with financial fair play within a short period of time. Failure to meet settlement terms will lead to the club being automatically referred to the adjudicatory chamber.

Conversely if a club fulfils each individual requirement of the settlement, it may be released from the limitation on the number of players for UEFA competitions for the following season. If a club becomes break-even compliant during the course of the settlement, all sanctions shall cease to apply for the following season, with the exception of the non-conditional element of the financial measure.

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So basically if our accounts published earlier this year show us to be break-even compliant, then all our sanctions are lifted for next season, except the non-refundable aspect of the fine paid to UEFA in the sanctions last year.

So our settlement states:

In this regard, Manchester City undertakes to report a maximum break-even deficit of EUR 20 Mio. for the financial year ending in 2014.

Our 2013/14 accounts show:

The report also reveals a bottom line loss of £23m for 2013-14. This figure includes the accounting in full of £16m that recognises the total UEFA sanctions imposed in May 2014 following disputed breaches of its Financial Fair Play regulations. The club expects to be entering the 2015-16 season with no outstanding sanctions or restrictions.

Thus our loss minus the withholding of £16m of our prize money is £7m, within the E20m limit. Furthermore the City statement refers to it as being 2 lots of E10m prize money, one taken in 2013/14, one 2014/15, thus that would make it a £15m loss, within the UEFA limit as well. As UEFA are sanctioning us E10m each season, then I think the agreement must be that they will take our losses and deduct the second year of fines from it to give us the value within the acceptable limits, or something to that effect.

So that's why I think City believe they are free to spend.

 

[route46]

is the FFP still going to court or has that gone tits up???

 

[@BluePhil8]

What's the crack then? Has every other club been let off except PSG and City?

 

[Marvin]

About 10 clubs just been hit with settlement agreements including Inter, Roma and Monaco

 

[fbloke]

I wonder how long before City get their cheque from UEFA for the share of the recently levied fines?

 

[Chippy_boy]

All of the sanctions this year have a removal clause for the punishments in the final year of the sanctions if the club meets break-even requirements. As next season is the final season of our sanctions, I expect no different for us.

Where does it state this, I must have missed it?

I posted it all out and then the forum fucked up for some reason. I'd clarified all that, but then I found this:

<a class="postlink" href="http://www.uefa.com/community/news/newsid=2064391.html" onclick="window.open(this.href);return false;">http://www.uefa.com/community/news/newsid=2064391.html</a>

17) How are clubs that have contravened financial fair play being incentivised to become break-even compliant?

Settlements require the clubs to become compliant with financial fair play within a short period of time. Failure to meet settlement terms will lead to the club being automatically referred to the adjudicatory chamber.

Conversely if a club fulfils each individual requirement of the settlement, it may be released from the limitation on the number of players for UEFA competitions for the following season. If a club becomes break-even compliant during the course of the settlement, all sanctions shall cease to apply for the following season, with the exception of the non-conditional element of the financial measure.

--------------

...

So that's why I think City believe they are free to spend.

That's a REALLY good find mate. We've had months of arguing and speculation, running to hundreds of pages, as to why the club say they are free to spend this coming year, yet the UEFA settlement agreement said we are not.

And above, we finally have the answer. Thank you!