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

[stony]

If a story I heard was true, Gill would have been shitting quite a lot over the last year or so. You don't fuck with the Abu Dhabi boys.

Oh you big tease.

Let's just say, purely hypothetically of course, that if you're closely associated with an organisation that carries significant debt, via publicly traded bond instruments, then you don't want to get on the wrong side of someone who could buy that debt without blinking.

Now that would open a can of fucking worms. If it was me, I'd foreclose on that straight away.

 

[aguero93:20]

If a story I heard was true, Gill would have been shitting quite a lot over the last year or so. You don't fuck with the Abu Dhabi boys.

Oh you big tease.

Let's just say, purely hypothetically of course, that if you're closely associated with an organisation that carries significant debt, via publicly traded bond instruments, then you don't want to get on the wrong side of someone who could buy that debt without blinking.

[bigimg]https://33.media.tumblr.com/913ba20bccf008a0502ab3ac903749a7/tumblr_mv7eif3LY81rwva3mo5_500.gif[/bigimg]

 

[Shaelumstash]

It appears to be good news about FFP being eased, but I can't help thinking people are getting a bit carried away.

All Platini has said is that they will be looking to 'ease' some of the parameters of FFP. That's all he's said.

Before this announcement our major summer targets were Pogba, De Brune and Sterling. I still expect those to be our targets after the announcement.

Some people seem to think FFP is being completely scrapped, Sheikh Mansour is going blow everyone out of the water and every summer from now on is going to be like 2010 on pharmaceutical cocaine. I just don't see it.

If unlimited owner investment is allowed, then great. But I can't see that happening. I just think the allowable losses will be extended a bit, say to 50m a year, as long as the owner guarantees turning the debt in to equity.

But irrespective of FFP I think we're moving in to a period where the owner and chairman want the club to work towards self sustainability, and I can't see future years with £100m losses, we've moved on from that.

 

[HelloCity]

Why is everyone getting so excited? Are the rules not just being slightly relaxed?

Not meant in a negative way, I'm just too scared to get excited until there's confirmation of what's actually happening.

 

[EL APACHE TEVEZ]

Panic brigade are out in force spend spend fucking spend.

 

[Chippy_boy]

It appears to be good news about FFP being eased, but I can't help thinking people are getting a bit carried away.

All Platini has said is that they will be looking to 'ease' some of the parameters of FFP. That's all he's said.

Before this announcement our major summer targets were Pogba, De Brune and Sterling. I still expect those to be our targets after the announcement.

Some people seem to think FFP is being completely scrapped, Sheikh Mansour is going blow everyone out of the water and every summer from now on is going to be like 2010 on pharmaceutical cocaine. I just don't see it.

If unlimited owner investment is allowed, then great. But I can't see that happening. I just think the allowable losses will be extended a bit, say to 50m a year, as long as the owner guarantees turning the debt in to equity.

But irrespective of FFP I think we're moving in to a period where the owner and chairman want the club to work towards self sustainability, and I can't see future years with £100m losses, we've moved on from that.

Honestly I think the way it's going, FFP is pretty much dead in the water. This looks like Platini's last ditch effort to placate clubs (and lawyers) before the thing gets completely scrapped, but I think he's only prolonging the inevitable. If restrictions on owner investment are deemed to be in contavention of EU Article 101, then saying we'll restrict them a bit less does not change anything - it's still illegal.

But I agree with you about what this will mean though. We are trying to build a business on a platform of long term sustainability. If you want evidence for that all you have to do is look across Alan Turing Way. What would we have built the academy for, other than making the club sustainable in the long term.

So like you, I do not see us "going mad" on spending. Hopefully the difference however will be that when we identify a key target that we decide we simply must have, then we can get them.

 

[Dribble]

It appears to be good news about FFP being eased, but I can't help thinking people are getting a bit carried away.

All Platini has said is that they will be looking to 'ease' some of the parameters of FFP. That's all he's said.

Before this announcement our major summer targets were Pogba, De Brune and Sterling. I still expect those to be our targets after the announcement.

Some people seem to think FFP is being completely scrapped, Sheikh Mansour is going blow everyone out of the water and every summer from now on is going to be like 2010 on pharmaceutical cocaine. I just don't see it.

If unlimited owner investment is allowed, then great. But I can't see that happening. I just think the allowable losses will be extended a bit, say to 50m a year, as long as the owner guarantees turning the debt in to equity.

But irrespective of FFP I think we're moving in to a period where the owner and chairman want the club to work towards self sustainability, and I can't see future years with £100m losses, we've moved on from that.

Honestly I think the way it's going, FFP is pretty much dead in the water. This looks like Platini's last ditch effort to placate clubs (and lawyers) before the thing gets completely scrapped, but I think he's only prolonging the inevitable. If restrictions on owner investment are deemed to be in contavention of EU Article 101, then saying we'll restrict them a bit less does not change anything - it's still illegal.

But I agree with you about what this will mean though. We are trying to build a business on a platform of long term sustainability. If you want evidence for that all you have to do is look across Alan Turing Way. What would we have built the academy for, other than making the club sustainable in the long term.

So like you, I do not see us "going mad" on spending. Hopefully the difference however will be that when we identify a key target that we decide we simply must have, then we can get them.

 

[gazzaa2]

We're still bound by EPL FFP rules

 

[Chippy_boy]

We're still bound by EPL FFP rules

Until they are scrapped as well.

 

[SalfordCityBlue]

Why is everyone getting so excited? Are the rules not just being slightly relaxed?

Not meant in a negative way, I'm just too scared to get excited until there's confirmation of what's actually happening.

If they allow owner investment (not loans) it's unlikely to be capped IMO as that would be a really strange decision.

It's either okay or it's not.

If it's ruled okay it would mean Sheikh Mansour could invest whatever he wanted, not that I think he will at this point as it's not needed like it was in the early days after the takeover. We'll still aim for sustainability - it will allow them to take riskier decisions though (such as Pogba or other 'statement' signings) without worrying about sanctions. They can just invest money to cover any losses and not fall foul of FFP.

This would actually be a more workable FFP as the sanctions on huge losses for clubs who actually can't afford to lose that money would, in theory, make that scenario less likely.