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

[jrb]

Re: City & FFP (continued)

Question.

Can anyone tell me or show me where PSG's tourism deal with the Qataris has been devalued by UEFA to 100mill Euros, from 200mill Euros, after negotiations
Thanks.

 

[Chippy_boy]

Re: City & FFP (continued)

not read to much of the thread but can city just say were not paying the fine and were not accepting the 21 player sanction 'up yours and see you in court' eliminate us from the champions lge and there will be issues with the tv companys and other sponsors, more or less call their bluff

My thoughts too.

Also, surely one of the main reasons for participating in the CL is the money. £-50m kinda makes that a bit pointless being in it from that perspective I would have thought.

Me too.

And to be honest it doesn't have to be deliberately confrontational. If we just say we don't agree with their financial assessment, we believe we have met the break-even requirement, and therefore we feel unable to accept any sanctions, or the proposed compromise. So please UEFA consider your position and let us know what you propose to do. If this is unacceptable to us we will seek clarification and ruling through the courts.

 

[Dubai Blue]

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!

Exactly. Take the situation that Leeds found themselves in under Ridsdale. They would have failed FFP too, but in their case it would have been UEFA's £50m fine that tipped them over the edge into early bankruptcy.

So UEFA's genius plan is to encourage financial prudence by sending clubs to the wall as punishment? Or is it only 'rich' clubs like ourselves that get these mammoth fines? If it's the latter then it makes UEFA's motivations even more dubious.

 

[john@staustell]

Re: City & FFP (continued)

Question.

Can anyone tell me or show me where PSG tourism deal with the Qataris has been devalued by UEFA to 100mill Euros, from 200mill Euros.
thanks.

None of it is official at all is it? Could be total shite.

But what I would say is that politicians who want to bring in unpopular measures usually leak a far higher figure, then when the actual comes out it all seems great.

 

[Centurions]

Re: City & FFP (continued)

Question.

Can anyone tell me or show me where PSG's tourism deal with the Qataris has been devalued by UEFA to 100mill Euros, from 200mill Euros, after negotiations
Thanks.

I can probably show you a shedfull of speculation about it but just like our 'punishment' there's been no official announcement whatsoever.

 

[aguero93:20]

Re: City & FFP (continued)

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.

So you want to believe the speculation that we're being fined but discount the speculation from the same sources that it doesn't count for break-even (even though it makes sense from a legal and logical standpoint) fair enough.

 

[Didsbury Dave]

Re: City & FFP (continued)

Just been discussing this with lads at work and one of em just said "why don't City, PSG play the reserves in Chump league. Stick 2 fingers up at UEFA then get together with United, AC Milan, and all other big European sides who haven't got other European commitments and play go a massively sponsored tournament playing all around Europe and Asia with a winning pot of £150 million or whatever. They could get al jezeera or even BT etc...in to screen the games live. If this happened UEFA would shit themselves.

Because a few midweek meaningless friendlies around the world will drain the squad and won't raise that much money. Would be no different to those little tournaments we enter in the summer.

Unless you had Real Madrid, Barca, Munich on board this 'breakaway' idea is a non starter.

 

[BringBackSwales]

Re: City & FFP (continued)

I think we should close the FFP thread for 12 hours and focus on tonight's match!

 

[Barry Conlons wig]

Re: City & FFP (continued)

In a nutshell the bigwigs at Uefa are happy that sheik Mansour can invest in Uefa but he definitely cant invest in city!!!!!!!!!!!!!!!!!!!!

That's how corrupt this is

 

[BlueAnorak]

Re: City & FFP (continued)

If the Sheikh pays the FFP fine as additional funding it is written of as an FFP item - it does not hang over us for the following seasons. Only if the fine is taken from revenues will it hang over us.