Metalartin
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Yeah, I'll give them a pass for that. Maybe they meant to say "by that season, as reigning champions of the PL for the first time, the revenues were..." .
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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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You’re too forgiving ;-)Yeah, I'll give them a pass for that. Maybe they meant to say "by that seasons, as reigning champions of the PL for the first time, the revenues were..." .
halfcenturyup
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Article: The Big Six by the Athletic. Don't subscribe so can't post it.Is that correct? Henry referred to Khaldoon as ‘The Terrorist’?
Disgraceful, though not surprised. Was he ever challenged over it?Article: The Big Six by the Athletic. Don't subscribe so can't post it.
Apparently not. It's Soriano, and it doesn't say who by. It's also pretty offensive even if apparently not meant to be. Here's the excerpt from the article:Is that correct? Henry referred to Khaldoon as ‘The Terrorist’?
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Ferran Soriano, the Manchester City chief executive, attracts intrigue. Among the other five clubs, he is casually referred to as “the terrorist” of the group — not a disparaging label, they insist, but one that reflects some perceived rogue, outspoken tendencies when it comes to Premier League politics. Soriano is a great advocate of allowing the leading clubs to set up B teams to exist within the established English league structure, as in his native Spain, though the club’s support for that proposal predated his arrival.
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I think I read it in the Athletic.(?)Is that correct? Henry referred to Khaldoon as ‘The Terrorist’?
Ah, not Khaldoon. Apologies.Apparently not. It's Soriano, and it doesn't say who by. It's also pretty offensive even if apparently not meant to be. Here's the excerpt from the article:
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Ferran Soriano, the Manchester City chief executive, attracts intrigue. Among the other five clubs, he is casually referred to as “the terrorist” of the group — not a disparaging label, they insist, but one that reflects some perceived rogue, outspoken tendencies when it comes to Premier League politics. Soriano is a great advocate of allowing the leading clubs to set up B teams to exist within the established English league structure, as in his native Spain, though the club’s support for that proposal predated his arrival.
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Still, you'd have to say that with Muslim owners it's a 'coincidence' that they just happen to use that term.Ah, not Khaldoon. Apologies.
Thank you, best explanation that makes sense.I see what you're saying. It's a good point which underlines the fundamental problem with FFP (or any other system that ties spending to revenue).
There's a difference between profit and cash. In the Profit & Loss account, which FFP uses, transfer fees are accounted for via amortisation. So imagine spending £250m on players one summer, which you pay £50m cash for initially, with 2 further instalments of £100m after 12 and 24 months.
You'd amortise them at £50m a year, and if you make a profit of £50m before amortisation, you'd break even and be OK for FFP purposes. You might record the same numbers in your P&L Account the following year but if you didn't have that £100m cash you needed to pay the following year, then you'd need to find the money from somewhere else or go into administration if you couldn't, as nearly happened to us in 2008. Chelsea would borrow cash from RA to fund any transfer or other spending where they had a shortfall of cash. That never goes through the P&L account, which is all FFP looks at.
In La Liga they look at a club's available future cash flow and set forward spending limits based on that, which is why Barcelona got hammered this season. Tebas may be a racist/ active fascist but that's a far more sensible system than UEFA's.
Hope that explains it a bit better.