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

Re: City & FFP (continued)

welsh_andy said:
No-one wants a court battle mate. It's cheap words on here to say sue the bastards, but we (fans) aren't the ones paying the legal fees which could run into 10's of millions in extremis. And apart from that, it's not a very edifying prospect for City, UEFA or football in general to have a bitter court battle played out in public. It's also an enormous drain on Exec's time and resources trying to fight a legal battle and run a business at the same time. No-one wants it.

Much better all around to settle,

The problem is, we will not want to accept anything ridiculous (obviously) and certainly nothing that will materially hurt us financially or in the competition going forward. And neither will we want to accept anything that leaves us open to the same mess happening again next year and the year after that.

On the other hand, UEFA have Gill and Rummenigge et al bending their ear all the time and need to appease them in some way.

I suspect the upshot of all of this will be a last minute compromise with VERY much reduced penalties that enable UEFA to save face, and us to walk away largely unscathed. UEFA will probably say that a further review of our accounts, and more detailed explanantions from City have satisfied them that we are close to compliance and on track to comply. £10m fine and squad reduction suspended pending some future criterion that we can easily meet. Something like that. We'd almost certainly accept that given the fact we'd easily piss that away on legal fees with no guarantee of winning.

but by negotiating, we basically admitting guilt, over something that looks like a technicality . so what if they tighten rules again next season, this could be ongoing to protect the old established teams, just isnt fair, ffp was designed to stop clubs doing a leeds or portsmouth, not to punish investment, the city has gained massively since the sheik to over
So instead of negotiating the punishment, we demand they include our revenue streams as legit, that seems to me what's happening.
 
Re: City & FFP (continued)

seriously is it - all i heard was that PSG were getting a 50M fine and that is where our number came from[/quote]

Just messing, but yeh it was announced this morning in The Daily Mail.[/quote]

Cheers - working from home so popping on and off the site so not keeping up to date

its bollocks i really dont see how we can accept any fine of 50M - can only end up in court but its going to be messy
 
Re: City & FFP (continued)

It will take a major change of tack from UEFA for City to agree to any punishment.
Unless UEFA blink this one is going to court.
 
Re: City & FFP (continued)

Chippy_boy said:
No-one wants a court battle mate. It's cheap words on here to say sue the bastards, but we (fans) aren't the ones paying the legal fees which could run into 10's of millions in extremis. And apart from that, it's not a very edifying prospect for City, UEFA or football in general to have a bitter court battle played out in public. It's also an enormous drain on Exec's time and resources trying to fight a legal battle and run a business at the same time. No-one wants it.

Much better all around to settle,

The problem is, we will not want to accept anything ridiculous (obviously) and certainly nothing that will materially hurt us financially or in the competition going forward. And neither will we want to accept anything that leaves us open to the same mess happening again next year and the year after that.

On the other hand, UEFA have Gill and Rummenigge et al bending their ear all the time and need to appease them in some way.

I suspect the upshot of all of this will be a last minute compromise with VERY much reduced penalties that enable UEFA to save face, and us to walk away largely unscathed. UEFA will probably say that a further review of our accounts, and more detailed explanantions from City have satisfied them that we are close to compliance and on track to comply. £10m fine and squad reduction suspended pending some future criterion that we can easily meet. Something like that. We'd almost certainly accept that given the fact we'd easily piss that away on legal fees with no guarantee of winning.

My guess, and it is a guess, is that this is the most accurate take on the situation.

Good post chippy.
 
Re: City & FFP (continued)

I wont lose any sleep if the club tells uefa to f*ck itself and we get banned from their silly little competition for a year or two, it wont be our credibility at risk but rather a misnamed "Champions" league where they already let in other than the champions from each country just to bloat the income from the early rounds.

If I was our owner I would spend as many millions as needed to gather evidence against Prattini and his minions, because their kind of c*nt is always on the fiddle, call girls & drugs will be in there as well as any affairs or tax dodging, they want a war so give them one that ends up with them doing porridge
 
Re: City & FFP (continued)

welsh_andy said:
No-one wants a court battle mate. It's cheap words on here to say sue the bastards, but we (fans) aren't the ones paying the legal fees which could run into 10's of millions in extremis. And apart from that, it's not a very edifying prospect for City, UEFA or football in general to have a bitter court battle played out in public. It's also an enormous drain on Exec's time and resources trying to fight a legal battle and run a business at the same time. No-one wants it.

Much better all around to settle,

The problem is, we will not want to accept anything ridiculous (obviously) and certainly nothing that will materially hurt us financially or in the competition going forward. And neither will we want to accept anything that leaves us open to the same mess happening again next year and the year after that.

On the other hand, UEFA have Gill and Rummenigge et al bending their ear all the time and need to appease them in some way.

I suspect the upshot of all of this will be a last minute compromise with VERY much reduced penalties that enable UEFA to save face, and us to walk away largely unscathed. UEFA will probably say that a further review of our accounts, and more detailed explanantions from City have satisfied them that we are close to compliance and on track to comply. £10m fine and squad reduction suspended pending some future criterion that we can easily meet. Something like that. We'd almost certainly accept that given the fact we'd easily piss that away on legal fees with no guarantee of winning.

but by negotiating, we basically admitting guilt, over something that looks like a technicality . so what if they tighten rules again next season, this could be ongoing to protect the old established teams, just isnt fair, ffp was designed to stop clubs doing a leeds or portsmouth, not to punish investment, the city has gained massively since the sheik to over

When solicitors agree things "out of court" then it's usually caveated "without predudice" or other ways which basically say 'whilst we have paid you a settlement, we in no way admit any guilt'
 
Re: City & FFP (continued)

welsh_andy said:
No-one wants a court battle mate. It's cheap words on here to say sue the bastards, but we (fans) aren't the ones paying the legal fees which could run into 10's of millions in extremis. And apart from that, it's not a very edifying prospect for City, UEFA or football in general to have a bitter court battle played out in public. It's also an enormous drain on Exec's time and resources trying to fight a legal battle and run a business at the same time. No-one wants it.


So instead of negotiating the punishment, we demand they include our revenue streams as legit, that seems to me what's happening.

but also isnt it something to do with us not being able to write off wages before ffp, i read this somewhere
 
Re: City & FFP (continued)

FredTilson said:
http://www.manchestereveningnews.co.uk/sport/football/football-news/manchester-united-slump-manchester-city-7090867#.U2t_gg7IAKM.twitter

Rivals Manchester City, meanwhile, have been handed a further boost ahead of their potential title-winning match against West Ham on Sunday - seeing their value increase by an extremely healthy 25 per cent.

The Blues, who are increasingly looking like the Premier League champions elect after their 4-0 triumph over Aston Villa, are now valued at £508m and sit seventh on the list. Only German giants Bayern Munich increased their percentage more in the last year – they are now valued at £1.1bn, a rise of 41 per cent.

Twatini's timing is perfect. What an utter, utter clown.
 
Re: City & FFP (continued)

I haven't checked but I assume City could appeal against the 'punishment' that UEFA hand down to PSG just as any club could appeal against ours?
 
Re: City & FFP (continued)

welsh_andy said:
but also isnt it something to do with us not being able to write off wages before ffp, i read this somewhere
If all our income is included as it should be we can use that clause.
 

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