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

[Helmet Cole]

Cue hoards of giddy rags and dippers predicting the end of City. Close your eyes lads and pretend it's 1992 again!

 

[bugsyblue]

The Belgian Court recommended a provisional judgement to stop the reduction in the the 3 year FFP deficit from €45m to €30m for season 2016/17 - that is the bit that has been rejected.
There still has to be a full hearing.

So how does that affect us this season?

 

[aguero93:20]

So how does that affect us this season?

It doesn't, we're under a condition of our settlement to make a loss of -£10m or better.

 

[coleridge]

Without reading beyond this thread, it seems that the Belgian court has essentially attempted to impose a remedy on a court above and is thus acting ultra vires.

In any event, the European Court [ECJ?] will doubtless have decided that it needs to consider all the evidence before the final determination is made and then consider, if FFP effectively 'loses', what the appropriate remedy should be.

In English, the Belgium court can't tell the EU court what the punishment is before the EU court has made a decision after hearing both sides of the story.

I may be wrong as I have not read anything about it, of course.

 

[gordondaviesmoustache]

Without reading beyond this thread, it seems that the Belgian court has essentially attempted to impose a remedy on a court above and is thus acting ultra vires.

In any event, the European Court [ECJ?] will doubtless have decided that it needs to consider all the evidence before the final determination is made and then consider, if FFP effectively 'loses', what the appropriate remedy should be.

In English, the Belgium court can't tell the EU court what the punishment is before the EU court has made a decision after hearing both sides of the story.

I may be wrong as I have not read anything about it, of course.

Ooh, I love it when you get all technical.

 

[BlueAnorak]

It doesn't, we're under a condition of our settlement to make a loss of -£10m or better.

Indeed - It does kick in the season after (2016/17) where we can only make an FFP loss of €30m in EUROS over ALL the preceding three seasons - i.e. 2014/15, 2015/16 & 2016/17.
The good news is that for the first of these we had to have broken even (or be in profit) for FFP.
The bad news is that the £-€ exchange rate is shit.

 

[coleridge]

Ooh, I love it when you get all technical.

 

[aguero93:20]

The bad news is that the £-€ exchange rate is shit.

Not really, that puts us in a much stronger position than European clubs.

 

[gordondaviesmoustache]

Not really, that puts us in a much stronger position than European clubs.

Apart from Grasshoppers.

 

[coleridge]

Apart from Grasshoppers.

Are you Simon Brodkin in disguise?