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

[Brendan110_0]

City fight FFP, take a few punches, go the distance then land knockout blow. KERPOW!

 

[Kazzydeyna]

Argue with yourself all your want pal.

We are part of a football group. The flagship. If and when the money goes it will need unravelling. Are you deluded enough to think the money is here forever?

So that's high street retailers and hollywood that have been used to augment arguments related to football finance. You're good value lads I'll give you that

I doubt the money is going to run out anytime soon chap. If it does we are one of the most valuable sporting companies in the world. Thanks to invsetment. Which FFP tried to make illegal. We’ll be fine relative to 99.9% of other clubs.

I assume you meant the money in the game running out? Surely you didn’t mean when the oil runs out? If so, relax chief, there’s centuries of oil still to come out of the ground.

If Football wants to protect its’ clubs against financial ruin - in the event of the money running out - it simply needs to limit debt to around 10% of income. Any higher than that and a transfer ban (incoming) and wage spend to be managed down. Obviously entry into European competition would have to be curtailed until debt was below the 10% threshold. This regulation would be solely for the benefit of all clubs and would stop clubs becoming playthings of the poor and famous. It would no longer be possible to play the game with somebody else’s money (the banks) in a vain bid to buy success, as united,Liverpool, arsenal,Real,Barca et al have been doing for years until City showed them what intelligent owners could achieve.

Its a bit like having a mortgage. Nobody is saying you can only buy a house if you have all the funds ready and available but if you have a typical mortgage your bank wont lend you money to buy a Ferrari..they’ll tell you to fuck off and buy a Vauxhall instead. Sensible and prudent.

Like football should be.

 

[SilvaisSkyBlue]

What would they be buying? All the clubs? Melbourne, Mumbai, New York?

Try not to be so sensitive. When that needs unraveling it will be an unadulterated shit show

Fèck me, you have never heard of a business with many different entities selling it separately or jointly?

As I said before, if you think we are a shit show and it’s all going to go tits up, then you crack on, I don’t.

 

[Esteban de la Sexface]

I assume you meant the money in the game running out?

Yeah - the sustainability of the sport - it's becoming less sustainable in my opinion. It has more competition in future from the likes of esports and given the current climate in the economic world they have to be extremely careful not to fold. Football won't go but if left unrestricted a lot of football clubs will go, in my opinion. Grass roots is pretty fucked currently. That's not good. Lower leagues, fucked. Not good. It's a house of cards. We're on the top. If it goes we do.
Your point about the mortgage is more about regulating financial institutions than football clubs. You can't regulate access to credit, or it would be very difficult legally I'd imagine.

If you manage in house - within football through caps and limitations then you reduce the need to borrow

 

[HelloCity]

You also accused me of defending financial fair play when I did no such thing.

If City weren't as rich as they were you'd be completely different in your views.

I'd love to see the cross section of people who were complaining about Chelsea who now think its fine to have owners with unlimited funds spending in an an unregulated market, during a downturn

The arse is going to fall out of this fairly soon pal

If and when the money goes look at the shit show that will have to unravelled. We've been rolled up into some conglomerate group of clubs as the flagship. Are we even an entity in ourselves or part of the football group?

Imagine unravelling that if and when the money dries up?
But you can't see passed the end of your nose because fuck it, we're rich, fuck everyone else right

A racket but you're on the inside

What are you on about?

City are a self-sufficient football club. We don’t rely on any owner investment anymore and haven’t done for several years.

You actually sound like one of those uneducated United or Liverpool fans who thinks that Mansour is literally buying the players for the club.

 

[eastmanc]

The only reason FFP will be relaxed is so the likes of Madrid can take the Mbappe's of this world on the never never. And not fall foul of the rules they strangled everyone else with.

And UEFA can’t have little old City getting their hands on Harland , they would much prefer him going to proper European Royalty.

 

[The Stockport Iniesta]

Are one of the history clubs on the verge of failing ffp? Can't be having that can we!

 

[aguero93:20]

Are one of the history clubs on the verge of failing ffp? Can't be having that can we!

Yep. Barca.

 

[Kazzydeyna]

Yeah - the sustainability of the sport - it's becoming less sustainable in my opinion. It has more competition in future from the likes of esports and given the current climate in the economic world they have to be extremely careful not to fold. Football won't go but if left unrestricted a lot of football clubs will go, in my opinion. Grass roots is pretty fucked currently. That's not good. Lower leagues, fucked. Not good. It's a house of cards. We're on the top. If it goes we do.

Which is why the game should be regulating the amount of debt clubs are allowed to hold. It doesn’t have to be draconian (no debt allowed) that wold be impractical and possibly a restraint of trade as most businesses run on a certain level of debt for various reasons. But it should be sensible, at a level of say 10% of total income, give or take a % or two.

That way if the money does run out, or become severely restricted relative to now, clubs would still be relative liquid and certainly would not expect to have too many serious issues in furnishing the debt.

Unlike now where most clubs would be up shit creek without a paddle if the money ran dry - as we are seeing to an extent in this post covid world - because , amongst other reasons, the game chose to regulate precisely the thing it should have been encouraging - investment - and allow free reign on the precise thing it should have been managing - unlimited gorging on debt.

This happens in every other facet of life and business..I am allowed to spend my own money on whatever the hell i want as long as i have the cash available. As is my boss for his business. I’m protected from myself by financial regulation which stops the banks issuing me excessive unaffordable credit, as is my boss for his business. Which in turn stops us both from chasing an unachievable dream.

SImple and prudent. Football needs to be the same. We need to regulate debt and encourage unlimited investment (if the investor has the funds available without going into debt for them).

Fair. Simple. Sustainable. Good for the game.

 

[MeatHunterrr]

Yep. Barca.

Juventus and Inter as well. Dortmund pretty fucked too but player sales should see them safe.