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

[Cobwebcat]

Re: City & FFP (continued)

I guessed it would be a lot more than a warning but this is off the scale.

However, the reason is not specifically to punish us for the sake of it. UEFA are using us as a warning to stop anyone else copying what we have done so the cartel can continue.

City and PSG have still ultimately made it under the wire but this will knock us back a little.

The bigger question is whether the whole thing is illegal. Even objectively DuPont has a very good case.

I'd expect this to be negotiated down a lot but then other clubs can challenge that!

If I understand correctly the Chamber could be our best short term solution as they are judges and I can't see a precedence for this nonsense.

Intelligent people can see what's going on.

 

[80s Shorts]

Re: City & FFP (continued)

I just hope any of us or PSG will bring this to the law and end this farce completely.

How could this pass European Competition laws is out of my mind.

I always thought Al Thani is one to show them a middle finger for this and still hope that.

Who is this ?

 

[Prestwich_Blue]

Re: City & FFP (continued)

I just hope any of us or PSG will bring this to the law and end this farce completely.

How could this pass European Competition laws is out of my mind.

I always thought Al Thani is one to show them a middle finger for this and still hope that.

Who is this ?

PSG owner.

 

[citymad]

Re: City & FFP (continued)

As nothing official has been announced I don't understand how the papers printing nothing short of slander are allowed to get away with it.

It has potential to damage our season and seriously undermines our credibility and damages the brand.
We've spent all that money in a bid to build the brand - how are they allowed to print this and get away with it.

Excellent point Jim. I hope the clubs lawyers are monitoring this if some of this shit is untrue.

 

[CitizenTID]

Re: City & FFP (continued)

Dear Sheikh Mansour, have a word with your mates, and cut off all oil supplies to mainland Europe, and stretford, until this matter is resolved favourably.

TIA.

But how will the new Cityzen Mebership Executive get to work?

 

[RandomJ]

Re: City & FFP (continued)

I'll be really disappointed if City give in to Uefa on this. They've moved the goal posts and are looking to cash in off us. Those in charge need to have the balls to challenge these cunts on this. If we don't they will take the piss next year as well.

 

[Marvin]

Re: City & FFP (continued)

Good read:
<a class="postlink" href="http://www.financialfairplay.co.uk/latest-news/reports-of-record-%8060m-%A349m-fine-for-psg-and-man-city" onclick="window.open(this.href);return false;">http://www.financialfairplay.co.uk/late ... d-man-city</a>

Seems petty technicalities led to us failing by such a huge margin, rather than just a couple of million. No way should we be remotely considering accepting these draconian punishments.

Good explanation, but not good news as that provides a rationale for UEFA's action which was hitherto just ridiculous

Why is City’s fine so large?

When City filed their accounts, on the face of it they looked to have nominally passed the FFP Break Even test (after permitted exclusions). So even if a few items are adjusted downwards, it was not immediately apparent why they have been given the same punishment as PSG (a club that failed hugely and seem to have made little effort to comply). However on examination, City’s large fine seems to be due to some of the detail within the FFP rules - this is probably also why the club are reported to be so unhappy with the terms being offered to them.


The FFP rules include a provision to allow clubs to exclude wages paid in 2011/12 season to players who were at the club when the rules were introduced (May 2010). City have advised the press that around £80m of wages fall into this category. Without this exclusion City fail hugely. Crucially, the exclusion can only be applied if a number of criteria are ALL met. One of these criteria is that the wages paid to these long-standing players were “equal or higher than the deficit of the reporting period ending in 2012”. See page 94 of FFP Toolkit for relevant section


During 2011/12 City reported a loss of £97m. After a number of permitted exclusions are made, City’s adjusted deficit for the 2011/12 season is probably around £78m - If the relevant excludable wages were £80m, City are therefore right on the edge, with only a couple of million lee-way. Crucially, press reports suggest that the Etihad deal was adjusted downwards (and possibly a £13m Intellectual Property sale may also have been reduced by the CFCB). This would have been enough to ensure the wages exclusion could not be used. Rather than City recording a narrow fail, they are probably looking at a technical fail of over £100m - a figure that would seem to put them in the PSG bracket.

 

[Bottomless_Sailor]

Re: City & FFP (continued)

I just hope any of us or PSG will bring this to the law and end this farce completely.

How could this pass European Competition laws is out of my mind.

I always thought Al Thani is one to show them a middle finger for this and still hope that.

Who is this ?

PSG owner.

PSG are supposedly very close to agreeing to these settlements.

I bet they can't believe their luck that they're being seen in the same way as us, ourselves having made a genuine effort to comply with FFP and them just chucking a nonchalant middle finger and farcical sponsorship at it.

If it was the other way round we'd have been kicked out and PSG would have got a slap on the wrist.

 

[80s Shorts]

Re: City & FFP (continued)

I just hope any of us or PSG will bring this to the law and end this farce completely.

How could this pass European Competition laws is out of my mind.

I always thought Al Thani is one to show them a middle finger for this and still hope that.

Who is this ?

PSG owner.

Well it was always reported PSG were riding roughshod through the rules so hopefully MSP is correct.

It's a joke if half of their "tourism deal" has been accepted though and any of our deals have been penalised. We may have missed a trick there.

A trick we can take advantage of in the future maybe.

 

[jrb]

Re: City & FFP (continued)

Who is this ?

PSG owner.

PSG are supposedly very close to agreeing to these settlements.

I bet they can't believe their luck that they're being seen in the same way as us, ourselves having made a genuine effort to comply with FFP and them just chucking a nonchalant middle finger and farcical sponsorship at it.

If it was the other way round we'd have been kicked out and PSG would have got a slap on the wrist.

it seems the link with Platini and his Son has worked after all,