Bentheblue
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Hope someone tells the BBC.
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City & FFP | 2020/21 Accounts released | Revenues of £569.8m, £2.4m profit (p 2395)
- Thread starter Marvin
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Manchester1894
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Although PSG have taken the bull by the horns it does have a political backdrop and a tint of personal ill-feeling towards Barca and maybe UEFA. Although our spend is very high I suspect the "investigate City" bit was a throwaway comment and not actually backed with any evidence - knowing the comments would be reported worldwide.
Our spend is high - again that's our choice - now profitable, a refund from the FFP fine, new TV deal and player sales, see us comfortably within the guidelines, adding to new sponsorships and kit deals on the horizon with increase matchday revenues.. This might the chance for us to paint ourselves as the respectable club who are willing to abide by the rules whilst demonstrating how to run a football club against the backdrop of the wrecking ball PSG are being painted out to be..
Our spend is high - again that's our choice - now profitable, a refund from the FFP fine, new TV deal and player sales, see us comfortably within the guidelines, adding to new sponsorships and kit deals on the horizon with increase matchday revenues.. This might the chance for us to paint ourselves as the respectable club who are willing to abide by the rules whilst demonstrating how to run a football club against the backdrop of the wrecking ball PSG are being painted out to be..
discopop
Well-Known Member
I do wonder if Barcelona also look back longingly at what they had in Soriano, Begiristain and Pep and wonder just what the fuck happened to their set up, Youth set going to the dogs, losing Star name and all the while in a stadium that needs multi millions to bring it up to spec meanwhile we power on
SilverFox2
Well-Known Member
This is quite blatently a lie:
The body claimed that "both PSG and Man City benefit from sponsorships that make no economic sense and lack any fair value"
Could be true in that it wants reviewing upwards compared to other clubs.
bluemoonmatt
Well-Known Member
Its the lead story in the football section of their website to be fairHope someone tells the BBC.
oakiecokie
Well-Known Member
Uefa says it is not investigating Manchester City over its Financial Fair Play rules, despite the Spanish league calling for them to do so.
European football's governing body is already investigating if Paris St-Germain have broken rules designed to stop clubs from 'financial doping'.
La Liga president Javier Tebas said City and PSG's "funding by state-aid distorts European competitions and creates an inflationary spiral that is irreparably harming the football industry".
But a Uefa statement read: "There is no investigation into Manchester City with regards to FFP regulations. Any reports mentioning such an investigation are unsubstantiated."
City and PSG spent hundreds of millions of pounds on new players this summer.
PSG have been owned by the Gulf state of Qatar, via its Qatar Sports Investments fund, since 2011.
They more than doubled the world record transfer fee when they spent 222m euros (£200m) to sign Neymar last month, before adding Kylian Mbappe on loan from Monaco, a deal that is expected to be made permanent for £165.7m in 2018.
City's summer spend of £215m was the biggest by any club in any transfer window and included deals for England full-back Kyle Walker (£45m), Portugal midfielder Bernardo Silva (£43m), Brazilian goalkeeper Ederson Moraes (£35m) and France defender Benjamin Mendy (£52m).
The Premier League club, bought by The Abu Dhabi United Group in 2008, also sold several players over July and August, including Kelechi Iheanacho, Wilfried Bony and Aaron Mooy, leaving their net spend at about £130m.
A La Liga statement released on Monday confirms it wrote two letters to Uefa on 22 August - one to express concerns over the French club, and another relating to City.
The body claimed that "both PSG and Man City benefit from sponsorships that make no economic sense and lack any fair value".
The statement continued: "La Liga calls on Uefa to proceed with its investigation, taking into account the full history of PSG's actions. Additionally, La Liga calls on Uefa to open a similar investigation into Man City."
European football's governing body is already investigating if Paris St-Germain have broken rules designed to stop clubs from 'financial doping'.
La Liga president Javier Tebas said City and PSG's "funding by state-aid distorts European competitions and creates an inflationary spiral that is irreparably harming the football industry".
But a Uefa statement read: "There is no investigation into Manchester City with regards to FFP regulations. Any reports mentioning such an investigation are unsubstantiated."
City and PSG spent hundreds of millions of pounds on new players this summer.
PSG have been owned by the Gulf state of Qatar, via its Qatar Sports Investments fund, since 2011.
They more than doubled the world record transfer fee when they spent 222m euros (£200m) to sign Neymar last month, before adding Kylian Mbappe on loan from Monaco, a deal that is expected to be made permanent for £165.7m in 2018.
City's summer spend of £215m was the biggest by any club in any transfer window and included deals for England full-back Kyle Walker (£45m), Portugal midfielder Bernardo Silva (£43m), Brazilian goalkeeper Ederson Moraes (£35m) and France defender Benjamin Mendy (£52m).
The Premier League club, bought by The Abu Dhabi United Group in 2008, also sold several players over July and August, including Kelechi Iheanacho, Wilfried Bony and Aaron Mooy, leaving their net spend at about £130m.
A La Liga statement released on Monday confirms it wrote two letters to Uefa on 22 August - one to express concerns over the French club, and another relating to City.
The body claimed that "both PSG and Man City benefit from sponsorships that make no economic sense and lack any fair value".
The statement continued: "La Liga calls on Uefa to proceed with its investigation, taking into account the full history of PSG's actions. Additionally, La Liga calls on Uefa to open a similar investigation into Man City."
Bentheblue
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Its the lead story in the football section of their website to be fair
Its the lead story in the football section of their website to be fair
The headline makes no mention of the fact City will not be investigated though, does it?
MillionMilesAway
Well-Known Member
The headline makes no mention of the fact City will not be investigated though, does it?
?
Manchester City: Uefa not investigating club over financial fair play
Bentheblue
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?
Manchester City: Uefa not investigating club over financial fair play
Yeah, just noticed they have change the headline since my first post. Thanks for shouting.
SilverFox2
Well-Known Member
As far as I can remember Swiss Ramble and the majority of the financial ie not football aligned press are in comparative raptures about how well our finances are being handled.
Seems their decision to mount a barrier to entry with FFP was prophetic. New money has proved to be much more adept at investing than they imagined and they have learnt nothing about the early warning that the cartel predicted and was designed to preserve their collective financial positions.
As usual the media simply aim at history to gather their ammunition.
Seems their decision to mount a barrier to entry with FFP was prophetic. New money has proved to be much more adept at investing than they imagined and they have learnt nothing about the early warning that the cartel predicted and was designed to preserve their collective financial positions.
As usual the media simply aim at history to gather their ammunition.