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

[Academica]

Re: City & FFP (continued)

The fine is not the concern. Some of you have become distracted by it.

It is if it counts towards our figures for the next few seasons.

 

[aguero93:20]

Re: City & FFP (continued)

The fine is not the concern. Some of you have become distracted by it.

It is if it counts towards our figures for the next few seasons.

^^See dickie davies?

 

[Robinho's Subbuteo]

Re: City & FFP (continued)

Perhaps that was UEFA's game all along with this fine ?

Bit like that scene out of 'Stir Crazy' when they are in Court and told they've been sentenced to 125 years in prison and are physically shaking and crying but their brief then tells them in real terms they'll end up serving just 35 years with good behaviour and they walk out sighing with relief ?

The bigger the 'fine' the more attractive a substantial compromise will appear.

The whole idea of financial penalties for failing to sufficiently bring down spending is anyway ridiculous. The £50 million fine would mean we end up with a deficit of £50 million next year given we projected that we would break even. We would then get hit with another fine. If the concept of FFP was to avoid Portsmouths and Leeds Uniteds then why would you financially cripple a team if they fail to comply ?

You can see Arsenal will be the ones appealing any reduction in our sentence as well. Wenger is already talking the talk.

I'm sick of reading this, so let's put it to bed
A respected journalist has confirmed with UEFA how this fine would work, is it taken away from future income making break even more difficult

It was confirmed by UEFA that the fine is a stand alone punishment and will not be taken off income.

Mate you're wasting your time, it's been said about 100 times already that Mansour pays the fine not MCFC, people don't take it in.

So it would be Sheikh Mansour that combats UEFA not City?

 

[Pam]

Re: City & FFP (continued)

Perhaps that was UEFA's game all along with this fine ?

Bit like that scene out of 'Stir Crazy' when they are in Court and told they've been sentenced to 125 years in prison and are physically shaking and crying but their brief then tells them in real terms they'll end up serving just 35 years with good behaviour and they walk out sighing with relief ?

The bigger the 'fine' the more attractive a substantial compromise will appear.

The whole idea of financial penalties for failing to sufficiently bring down spending is anyway ridiculous. The £50 million fine would mean we end up with a deficit of £50 million next year given we projected that we would break even. We would then get hit with another fine. If the concept of FFP was to avoid Portsmouths and Leeds Uniteds then why would you financially cripple a team if they fail to comply ?

You can see Arsenal will be the ones appealing any reduction in our sentence as well. Wenger is already talking the talk.

I'm sick of reading this, so let's put it to bed
A respected journalist has confirmed with UEFA how this fine would work, is it taken away from future income making break even more difficult

It was confirmed by UEFA that the fine is a stand alone punishment and will not be taken off income.

It's not taken off income as far as FFP is concerned but it is as far as the club is concerned and £50m is a lot of dosh to find. The irony of course in this is that FFP was put in place to ensure that clubs are self sustaining. I'm sure making a club fork out £50m with zero chance of any return really helps to achieve that. Thanks UEFA!

There will be a way to raise the additional revenue. There always is.

 

[sir baconface]

Re: City & FFP (continued)

The fine is not the concern. Some of you have become distracted by it.

It is if it counts towards our figures for the next few seasons.

^^See dickie davies?

If it is deducted from CL revenues - as stated in some quarters - then it will affect future seasons.

As I've already said, we have no definitive answer. You and dickie posting otherwise doesn't change that situation.

 

[aguero93:20]

Re: City & FFP (continued)

I'm sick of reading this, so let's put it to bed
A respected journalist has confirmed with UEFA how this fine would work, is it taken away from future income making break even more difficult

It was confirmed by UEFA that the fine is a stand alone punishment and will not be taken off income.

Mate you're wasting your time, it's been said about 100 times already that Mansour pays the fine not MCFC, people don't take it in.

So it would be Sheikh Mansour that combats UEFA not City?

The fine is owner-paid, it doesn't count for FFP purposes. e.g. a bribe. They haven't even told anyone where the fines are going yet.

 

[Chippy_boy]

Re: City & FFP (continued)

Slightly off topic but we play Villa tonight in a game that will hopefully go a long way to us clinching our 2nd title in 3 seasons.

Fuck Twatini and fuck UEFA as they are nothing more than irrelevant cunts right now and im sure the guys in charge will have this well in hand.

I concur.

<Deleted>

EDIT: Sorry I quoted the wrong post.

 

[BillyShears]

Re: City & FFP (continued)

The fine is not the concern. Some of you have become distracted by it.

It is if it counts towards our figures for the next few seasons.

It doesn't though. UEFA have kindly allowed the rich benefactors of the clubs they're sanctioning to pay their fines directly from their own pockets into UEFA's pockets. As I say, very kind.

I think Pam's right in a way. This isn't going to be about the money, but about how UEFA have come to the conclusion that City have failed FFP. Those conclusions require UEFA to not accept the values of the Etihad deal or the IP deals as fair value. That's IMO going to be the issue for City because it sets a precedent in terms of UEFA unilaterally deciding that they won't accept certain deals/transactions when those deals aren't in fact for accounting practices "related party transactions".

From City's point of view it makes more sense to kick up a huge fuss about this now rather than accepting any sanctions thereby legitimising the conclusions UEFA have drawn about deals which we are likely to be similar to deals we do in the future.

 

[Jackson-ctid]

Re: City & FFP (continued)

Where does this fine go?

Straight into UEFA's coffers like any other bribe? Basically telling us that if you want to spend your way to the top, you have to pay us first. Extortion.

IF they insist on fining us, the "fine" should be taken from us and invested in grassroots football for the benefit of the game in the future.

 

[Pam]

Re: City & FFP (continued)

Mate you're wasting your time, it's been said about 100 times already that Mansour pays the fine not MCFC, people don't take it in.

So it would be Sheikh Mansour that combats UEFA not City?

The fine is owner-paid, it doesn't count for FFP purposes. e.g. a bribe. They haven't even told anyone where the fines are going yet.

I hope you're right. It's pocket money for him. I imagine it will piss him right off, though.