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

[Hoghead]

Whatever their final profit or loss position is in the year they do the write off they will have to pay tax on. Before 1 April 2023 its 19%/after 23%

I thought main stream corporation tax was going up to 25%

 

[jrb]

..

 

[aguero93:20]

I thought main stream corporation tax was going up to 25%

It is, but there's hundreds of little treaties and exemptions.

 

[Ederson1000YardDrive]

Yep, said earlier in the thread it’s ideally what all owners should do to protect the clubs themselves from risk. Particularly given how much they’re benefiting from the asset growth!

It's a good point..

I'm trying to think of why they would not do it that way in the first place, struggling as to why not. I guess if they put it in as debt and the club does well there's the obligation to interest, so some return. Then if it goes bad they can flip it to Equity.

I suppose they could stick it in as Equity first... guess it depends on the shareholding structure at the time and who has to agree.

If they have the funds they will find a way to get it in. Then it's whatever limitations they have on spending under league and uefa rules - which I'm not clear on at the moment.

 

[Ederson1000YardDrive]

I thought main stream corporation tax was going up to 25%

Oops... Yeah it is 25% - wishful thinking eh?

 

[meltonblue]

It's a good point..

I'm trying to think of why they would not do it that way in the first place, struggling as to why not. I guess if they put it in as debt and the club does well there's the obligation to interest, so some return. Then if it goes bad they can flip it to Equity.

I suppose they could stick it in as Equity first... guess it depends on the shareholding structure at the time and who has to agree.

If they have the funds they will find a way to get it in. Then it's whatever limitations they have on spending under league and uefa rules - which I'm not clear on at the moment.

Yeah that’s more around revenue growth.

 

[Dribble]

Agree with all of your points there.

On the contracts bit, I’m pretty sure the five year limitation is an existing fifa regulation and has been for some time. I agree I don’t think UEFA or the pl should enforce it though. Should be entirely up to the club and the player and I said on a different thread, how Chelsea have done it to me is a huge risk that could screw them up for a long time.

Yup! It has the potential to be multiple Danny Mills' at City & Micah's at Villa in their bloated squad.

Turn up to training on time everyday, keep your nose clean & there's fuck all a club can do to get rid of an unwanted player on big wages.

HOWEVER, if a player wants to leave & Chelsea say no, the player's fucked. Unless another club makes an offer the Chavs can't refuse, or the player does a Cancelo, he's stuck where he is.

I sense what Chelsea have done is bought every decent young player they can, with the intention of letting go several older players, young players unlikely to make the grade & the lesser players in their squad.

They'll probably start this process in earnest during the summer & continue until the summer of 2024. At that point they'll have a fair assessment of their squad & Potter as a manager.

 

[City & Blue Brazil]

It is, but there's hundreds of little treaties and exemptions.

To say nothing of losses brought forward..

 

[Loverdoodle]

City has been exceptionally smart and well managed in transfers recently. The valuations they are paying for talent are either very close to fair market value or under it in recent years. Some Arsenal fans were upset we lost Murdyk to them and envious of Boehly’s spending. It is City’s transfer dealings for a big rich club that should cause envy not watching a totally insane man set a club’s long term finances on fire while they sit in tenth. The fact City are still buying but buying fairly is excellent for them and good for the rest of the clubs as well. What United and Chelsea have done in player acquisitions is comedy when you look at the roster built with 600 million plus.

 

[David Kloppesh]

City has been exceptionally smart and well managed in transfers recently. The valuations they are paying for talent are either very close to fair market value or under it in recent years. Some Arsenal fans were upset we lost Murdyk to them and envious of Boehly’s spending. It is City’s transfer dealings for a big rich club that should cause envy not watching a totally insane man set a club’s long term finances on fire while they sit in tenth. The fact City are still buying but buying fairly is excellent for them and good for the rest of the clubs as well. What United and Chelsea have done in player acquisitions is comedy when you look at the roster built with 600 million plus.

sugar talker