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

[citizen_maine]

City will be run as a profitable business without further substantial playing squad investment from Sheikh Mansour.

People are getting giddy.

Some people are getting giddy because City will be run as a profitable business without further substantial playing squad investment from Sheikh Mansour.

 

[CityStu]

City will be run as a profitable business without further substantial playing squad investment from Sheikh Mansour.

People are getting giddy.

We could still be run as a profitable business with owner investment. Speculate to accumulate.

I do think we'll try and spend within our means this summer but I think that that could allow for a huge net spend and I think if a couple of deals need a little push over the line, the Sheikh could be open to that. The alternative of drawing a line in the sand and plumping for lesser alternatives really hasn't worked in the last few seasons.

well, as people are suggesting we would have known about the upcoming changes to FFPR, then the suggestion by those more informed than most have suggested we are plumping for lesser alternatives, in the likes of Wilshere, Baba and Firmino, than true A-list targets, because I sincerely doubt Sheikh Mansour would suddenly have found this out like us now and go "ok, get Bale, Messi, Isco, Reus, Varane, Alex Sandro, Alba etc."

The level you set for your A list and the targets you list for us are both misleading. I'm confident that this summer we can get a number of players that will improve our starting XI and that's plenty good enough for me. In recent years we've bought to add quality in depth.

 

[Prestwich_Blue]

Re: City & FFP (continued)

Hypothetical or not this post make me think of happy things.

That is soooooo fucking good. I would be just so tempted to do it, and then close the scum down.

PB for the uneducated in here can you explain your thoughts - are you suggesting hypothetically that the Sheik could have bought a majority shareholding in the club and used it as a feeder club

Up to 2010, the rags' debt was in the form of bank loans. The Glazers refinanced these loans with a bond issue. These bonds were purchased by investors, pay interest and have to be repaid at a set time. So you buy £1000 of bonds, get interest every 6 months and then get your £1000 back at the end of the term. Like shares, they are traded on a public exchange at a published price. The rags issued about £500m of bonds of which 3/4 are still outstanding. They've paid back the rest.

These bonds are redeemable (have to be repaid in full) in two years by the way. So in theory, someone could buy all the bonds on the market and demand immediate repayment.

Normally they don't give any control over the company(the Glazers have got that sewn up tight in theory) but, if they couldn't repay on demand, then the bondholders could get control of some of the assets of the company and I think that the Glazers pledged their own shares as security. So someone could possibly get control of the company via that route.

In practice the rags could probably borrow the money from the banks but it's a pleasant thought to imagine the blood draining from their little faces when faced with having to find £400m sharpish. Of course our owner is far too honourable to consider such a course of action though.

 

[GaudinoMotors]

City will be run as a profitable business without further substantial playing squad investment from Sheikh Mansour.

People are getting giddy.

People are indeed getting giddy but you are being too cautious.
Khaldoon has robustly criticised FFP and the restraints it has imposed.
As usual the truth probably lies in the middle.

 

[Dribble]

When they say FFP regulations are "unenforceable under EU law", I assume they mean that they were illegal. Wonder why they don't just say that.

Essentially UEFA are making up their own laws which are a direct contravention of existing European law so many parts of FFP are legally unenforceable.

Imagine this scenario; UEFA can say what they want, but when they try to enforce FFP and someone says fuck you, they don't have the right in law to enforce something that isn't law.

 

[Damocles]

City will be run as a profitable business without further substantial playing squad investment from Sheikh Mansour.

People are getting giddy.

People are indeed getting giddy but you are being too cautious.
Khaldoon has robustly criticised FFP and the restraints it has imposed.
As usual the truth probably lies in the middle.

Nah, Messi and Ronaldo to City confirmed

 

[richards30]

A business like a football club will always require investment, certainly in better players as to get fans you have to have the best players which leads to trophies and prize money, sponsorship deals and lots more merchandise.

 

[SWP's back]

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.

So you don't think the reason it's been thrown out is because of the illegal restriction on owner investment

In my opinion, the poster you replied to hasn't a clue.

We won't be making £100m losses as our revenue stream is now fucking huge. Nothing more. Nothing less

 

[SWP's back]

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.

So you don't think the reason it's been thrown out is because of the illegal restriction on owner investment

I think you've gone a stage further than the reality. You're looking at the reasons as to why it's been "thrown out" I'm saying I don't think it's been thrown out yet.

Platini has just said there will be some easing of some of the parameters. One of those parameters might well be the limiting of owner investment.

To be clear, I assume the restriction of owner investment is actually illegal. I assume this will be "eased" by UEFA, and I also assume if DuPont's case wins, that whole section of the regulations will be thrown out completely. But my wider point is, even if there is no limit on owner investment, I don't think there will be a sea change in our activity.

I think because of our huge revenue's, some huge contracts being moved off our books this summer, and the huge new TV deals, we're going to be spending around 150m this summer anyway, FFP restrictions or not. I don't think if FFP gets thrown out we're going to change our business model and start turning in to Real Madrid 2.0 and start buying every big name possible no matter what the cost. It would probably be fun to watch, I just don't see us doing it.

ADUG want to move away from the perception of being money no object ostentatious spenders, and move towards a perception of savvy businessmen with a strong sense of CSR who want to invest in developing youth and the wider community.

Ignore my last post.

This is on the money I'd say.

 

[Pam]

The Sheikh wants the CL one day and will invest what it takes to get it. But it won't be done in one window, of course.