dasblues said:
JoeMercer'sWay said:
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.
