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

[117 M34]

Independent Regulator is also coming , American owners will lose power soon

Independent.
Just more independent for some clubs than others.

 

[Newquayblue]

I think our time is up, they've found our Achilles heel, millions in fines, points deducted, all because of the day we ran out of chips !

View attachment 35129

hahahahaha - quality!

 

[Centurions]

That may be why they’re excluding player transfers. Though I’m not sure what other third party transactions might be of dubious value. Surely sponsorships involve only two parties.

Ahh, I've misread it. The third party comment threw me.

Perhaps they mean any deals NOT involving the owners and the club directly? Although I'm not sure why they would exclude them anyway.

 

[Citizen Green]

Ahh, I've misread it. The third party comment threw me.

Perhaps they mean any deals NOT involving the owners and the club directly? Although I'm not sure why they would exclude them anyway.

Just to clarify any existing deals in the 5 year period currently being collected to determine 'fair market value' are not open to scrutiny under the new rules, only deals signed after their implementation (ie 2022).

My only concern is if the PL will try & use the information we submit dating back to Jan '16 for their new rules in their ongoing FFP investigation of us somehow. Although I imagine the data we provide will be similar to the historical data we sent to CAS, showing the contractual agreement and the financial transactions to support it coming from the bodies in question.

 

[NMB]

If

This.

Law firm Brabners might have reported these details on the 17th Jan but there isn't anything new in there that wasn't posted in this thread before Xmas.

Also I think we have already passed the deadline for PL clubs to have given the league details of the historic sponsorships. The deadline was sometime the middle of this iirc but cba looking for the exact date.

Doesn't alter the fact that it is all BS and the usual suspects will always want to stir, sling mud etc.

If Mcfc was a young black man who had been investigated and exonerated so often, the liberal press would, quite rightly, be up in arms over what can only be perceived as discrimination

 

[HypnoticBlue]

If

If Mcfc was a young black man who had been investigated and exonerated so often, the liberal press would, quite rightly, be up in arms over what can only be perceived as discrimination

It would certainly be interesting to see the level of hassle/investigation the other clubs in the PL are put under.


CTID

 

[halfcenturyup]

Ahh, I've misread it. The third party comment threw me.

Perhaps they mean any deals NOT involving the owners and the club directly? Although I'm not sure why they would exclude them anyway.

They are using the historic deals of the PL clubs to determine benchmarks for market value for any future deals they determine to be with "associated" parties, so clearly there is no point included inflated related party deals.

We have no related party deals, by the way. We may have some "associated" party deals as defined by the PL but the new rules only apply to new deals, iirc.

 

[Prater70]

Do we have a Smoking Gun ? it has been mentioned before. Love it we have.

 

[bobbyowenquiff]

I don't get this article at all. It may be that they're worried about deals between City and the other CFG clubs but I think they're few and far between anyway.

"Law firm Brabners reported on Monday (17 January) that the league has demanded details from all clubs of third party deals dating back to 2016.

Every transaction over £100,000, excluding player transfers, will be scrutinised for fair market value.

The aim is to prevent clubs from using covert methods to bypass profit and sustainability regulations.

Maguire argues that the demand for backdated details looks like a pointed attack on City."

Surely the above would terrify Chelsea above everyone else? And what about Coutinhoe's £146 million transfer?

The PL are amazinglly stupid. How long will it take to scrutinise every deal over £100,000 done by ALL PL clubs in the last five years. Who will do the scrutinising? At present the accounts of all clubs are independently audited at least once every 12 months. Those playing in Europe already have extra scrutiny and have to pass a "fair value" test carried out by independent finance experts. This just sounds like another ridiculous witchunt which will be comprehensively rejected once it reaches a proper court of law.

 

[moomba]

I see this more about Newcastle than us. Isnt this all about saying to Newcastle that you've done deals at this level for the past five years, so you can't now make deals at a much higher level. Totally ignoring the fact that their value will increase hugely if they start to spend.