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

Re: City & FFP (continued)

fbloke said:
One element of this that I simply cannot get my head around is why the EU would apparently pander to the wishes of an organisation that is based in a non-EU country, pays no tax in the EU and is on very dodgy ground even in terms of the Swiss tax system.

What does the EU 'gain' from allowing a non-EU body/company to limit the options of EU citizens?
While they're based outside the EU, they definitely represent many people within the EU, so I suppose that is what the EU gains.
 
Re: City & FFP (continued)

fbloke said:
One element of this that I simply cannot get my head around is why the EU would apparently pander to the wishes of an organisation that is based in a non-EU country, pays no tax in the EU and is on very dodgy ground even in terms of the Swiss tax system.

What does the EU 'gain' from allowing a non-EU body/company to limit the options of EU citizens?

I'm guessing that football is a good earner for the many countries, and there's a lot of lobbying behind closed doors from EU countries.
Abramovich indirectly has probably added value to the Chelsea area (even though it was already highly desirable), and Mansour most certainly has added value to North East Manchester.

I don't know whether that would make them 'pander' to UEFA, but I'm sure it makes them very interested in UEFA's dealings.
 
Re: City & FFP (continued)

cleavers said:
fbloke said:
One element of this that I simply cannot get my head around is why the EU would apparently pander to the wishes of an organisation that is based in a non-EU country, pays no tax in the EU and is on very dodgy ground even in terms of the Swiss tax system.

What does the EU 'gain' from allowing a non-EU body/company to limit the options of EU citizens?
While they're based outside the EU, they definitely represent many people within the EU, so I suppose that is what the EU gains.

But they dont 'represent' anyone within the EU at all.

They want and hope for special status as a sporting body, but they dont represent any EU citizens at all.

They do control certain aspects of football at a European level, but they are in fact subordinate the similarly Swiss based FIFA.

The reach of UEFA into, for example non-league or Sunday League footy, grassroots etc is nil.

I would fully support UEFA if they did as they could dictate that FFP capped ticket prices, meant football monies were equitably distributed around ALL clubs and fed into the grassroots and youth game.

None of that happens, they do not represent EU citizens.
 
Re: City & FFP (continued)

FanchesterCity said:
fbloke said:
One element of this that I simply cannot get my head around is why the EU would apparently pander to the wishes of an organisation that is based in a non-EU country, pays no tax in the EU and is on very dodgy ground even in terms of the Swiss tax system.

What does the EU 'gain' from allowing a non-EU body/company to limit the options of EU citizens?

I'm guessing that football is a good earner for the many countries, and there's a lot of lobbying behind closed doors from EU countries.
Abramovich indirectly has probably added value to the Chelsea area (even though it was already highly desirable), and Mansour most certainly has added value to North East Manchester.

I don't know whether that would make them 'pander' to UEFA, but I'm sure it makes them very interested in UEFA's dealings.

So the EU is now allowing UEFA and FFP because of the inward investment? But FFP is now ending that gravy train so I ask again why?
 
Re: City & FFP (continued)

FanchesterCity said:
BluessinceHydeRoad said:
Article 101

(ex Article 81 TEC)

1. The following shall be prohibited as incompatible with the internal market: all agreements between undertakings, decisions by associations of undertakings and concerted practices which may affect trade between Member States and which have as their object or effect the prevention, restriction or distortion of competition within the internal market, and in particular those which:

(a) directly or indirectly fix purchase or selling prices or any other trading conditions;

(b) limit or control production, markets, technical development, or investment;

(c) share markets or sources of supply;

(d) apply dissimilar conditions to equivalent transactions with other trading parties, thereby placing them at a competitive disadvantage;

(e) make the conclusion of contracts subject to acceptance by the other parties of supplementary obligations which, by their nature or according to commercial usage, have no connection with the subject of such contracts.

2. Any agreements or decisions prohibited pursuant to this Article shall be automatically void.

3. The provisions of paragraph 1 may, however, be declared inapplicable in the case of:

- any agreement or category of agreements between undertakings,

- any decision or category of decisions by associations of undertakings,

- any concerted practice or category of concerted practices,

which contributes to improving the production or distribution of goods or to promoting technical or economic progress, while allowing consumers a fair share of the resulting benefit, and which does not:

(a) impose on the undertakings concerned restrictions which are not indispensable to the attainment of these objectives;

(b) afford such undertakings the possibility of eliminating competition in respect of a substantial part of the products in question.

This is the relevant section of the European treaty. The wording is unequivocal: limits and/or controls on investment are clearly "prohibited" and any decisions based on such an agreement (eg the sanctions imposed on the nine "offenders") "shall be automatically void." This will NOT be the case ONLY if the agreement actually promotes technical or economic progress AND brings benefits to consumers WHILE NOT restricting the rights of undertakings more than strictly necessary or which allows for the elimination of competition.allow for the elimination of competition.

This clause expresses quite explicitly a desire to protect the right to invest, to prevent any interference with that right and illustrates the fundamental principle of the treaty, that investment is an important means of bringing benefits benefits to the consumer and in terms of economic development. It is thus inconceivable that the ECJ would accept as a justification of the break even rule, that Berlusconi has been losing 100 million euros a year or that certain rich, successful clubs would find it harder to compete with PSG or City. It would find it hard to understand why or how restricting investment at City and PSG or anywhere else contributes to financial stability at any other club. It is hard to accept that restricting investment makes football anything but less competitive in sporting terms. A further problem for UEFA is that financing investment through borrowing is a normal practice in every other area of business life, and law suits for anti-competitive behaviour would fly if anyone suggested that Tesco could not borrow to invest, to make up ground lost to other supermarkets recently. Here the connection between investment and progress for undertaking and consumer is more evident than in football, but is of the same nature. Any claim by ASDA that investment by Tesco should be stopped because it might make ASDA less competitive would be laughed out of court, but this is the view of competition that UEFA wants the ECJ to espouse. This is not a "sporting exception" but is asking the ECJ to reject the fundamental principles underlying competition law in Europe, and replace them with a completely different, not to say contrary, set of principles.

Nor can UEFA pull the "by invitation only" rabbit out of the hat. UEFA is clearly an association of undertakings and, in the case of the CL, it is not acting as a governing body at all, but as a competitor to the clubs. It has laid down clear criteria to take part in an "open" competition, but it enjoys a privileged ctatus - it alone sells the TV rights, it competes for sponsorship, won't allow non-sponsors to "appear" on TV and distributes money to the participants as prizes. To refuse an invitation to a club which qualifies on grounds other than the sporting criteria would be to "apply dissimilar conditions to equivalent transactions with other trading parties, thereby placing them at a competitive disadvantage" and would be one further breach.

That's my case, I suspect M. Dupont's is much more detailed but not greatly different and I can't see how the court cannot find in his favour. I'm not sure that UEFA have actually taken a great deal of legal advice, unless M. Berlusconi is acting for them! Certainly Platini has never come remotely near an explanation of how the law allows the regulations he has put in place. Certainly in the Bosman case UEFA relied on an argument that the law didn't apply because UEFA didn't think it was good for football. Can't try that one again!

I think they stood a chance arguing for the overall benefit of the industry, especially if there was a clear consumer benefit. They've missed a massive trick there. UEFA's stance seem to be that 'the market' is the clubs (and the subtext being 'only some clubs'). They've totally forgotten about the consumer - the fans (match goers, or tv subscribers). The price of watching this competition's not gone down, and it's no more accessible than previously either.

Platini's soundbites are all about the clubs, nothing about the consumer (terrible term really, but that's what we are).
Why not give clubs an incentive to lower prices? make an FFP exemption for subsidised tickets?
The pressure to comply with FFP not only encourages clubs to spend less (which they believe is a good thing), but it encourages them to charge more too (not consumer friendly).

I've mentioned this before but UEFA will have to show that even though FFP may distort the market, it is being done for "the greater good" and the measures are proportionate and are the best method of achieving FFP's goals. They may be able to show that because of it's stated aims it is being done for the benefit of a number of clubs but where the rules will be most vulnerable is the disproportionate effect on some clubs and it is very easy to think of a number of other measures that can have similar effects but with less negative consequences. Personally I think the fact that UEFA have decided to divide up the fines among the "compliant" elite clubs will be a major factor in torpedoing FFP.
 
Re: City & FFP (continued)

cleavers said:
MaineRoadBlue said:
Chippy_boy said:
And I am sure the lawyers advising UEFA think that it's legal and defensible if challenged.

It's going to be interesting to see which way the courts decide. But either way, it's really of only passing interest to City now.

And with it a chance to close a thread that is utterly dull! Lets do it Mods!
Nodody is holding a gun to your head making you read it, maybe you could just not enter the thread if its so dull ?

He sounds more raggified, mate.
 
Re: City & FFP (continued)

pavelsrnicek said:
FanchesterCity said:
BluessinceHydeRoad said:
Article 101

(ex Article 81 TEC)

1. The following shall be prohibited as incompatible with the internal market: all agreements between undertakings, decisions by associations of undertakings and concerted practices which may affect trade between Member States and which have as their object or effect the prevention, restriction or distortion of competition within the internal market, and in particular those which:

(a) directly or indirectly fix purchase or selling prices or any other trading conditions;

(b) limit or control production, markets, technical development, or investment;

(c) share markets or sources of supply;

(d) apply dissimilar conditions to equivalent transactions with other trading parties, thereby placing them at a competitive disadvantage;

(e) make the conclusion of contracts subject to acceptance by the other parties of supplementary obligations which, by their nature or according to commercial usage, have no connection with the subject of such contracts.

2. Any agreements or decisions prohibited pursuant to this Article shall be automatically void.

3. The provisions of paragraph 1 may, however, be declared inapplicable in the case of:

- any agreement or category of agreements between undertakings,

- any decision or category of decisions by associations of undertakings,

- any concerted practice or category of concerted practices,

which contributes to improving the production or distribution of goods or to promoting technical or economic progress, while allowing consumers a fair share of the resulting benefit, and which does not:

(a) impose on the undertakings concerned restrictions which are not indispensable to the attainment of these objectives;

(b) afford such undertakings the possibility of eliminating competition in respect of a substantial part of the products in question.

This is the relevant section of the European treaty. The wording is unequivocal: limits and/or controls on investment are clearly "prohibited" and any decisions based on such an agreement (eg the sanctions imposed on the nine "offenders") "shall be automatically void." This will NOT be the case ONLY if the agreement actually promotes technical or economic progress AND brings benefits to consumers WHILE NOT restricting the rights of undertakings more than strictly necessary or which allows for the elimination of competition.allow for the elimination of competition.

This clause expresses quite explicitly a desire to protect the right to invest, to prevent any interference with that right and illustrates the fundamental principle of the treaty, that investment is an important means of bringing benefits benefits to the consumer and in terms of economic development. It is thus inconceivable that the ECJ would accept as a justification of the break even rule, that Berlusconi has been losing 100 million euros a year or that certain rich, successful clubs would find it harder to compete with PSG or City. It would find it hard to understand why or how restricting investment at City and PSG or anywhere else contributes to financial stability at any other club. It is hard to accept that restricting investment makes football anything but less competitive in sporting terms. A further problem for UEFA is that financing investment through borrowing is a normal practice in every other area of business life, and law suits for anti-competitive behaviour would fly if anyone suggested that Tesco could not borrow to invest, to make up ground lost to other supermarkets recently. Here the connection between investment and progress for undertaking and consumer is more evident than in football, but is of the same nature. Any claim by ASDA that investment by Tesco should be stopped because it might make ASDA less competitive would be laughed out of court, but this is the view of competition that UEFA wants the ECJ to espouse. This is not a "sporting exception" but is asking the ECJ to reject the fundamental principles underlying competition law in Europe, and replace them with a completely different, not to say contrary, set of principles.

Nor can UEFA pull the "by invitation only" rabbit out of the hat. UEFA is clearly an association of undertakings and, in the case of the CL, it is not acting as a governing body at all, but as a competitor to the clubs. It has laid down clear criteria to take part in an "open" competition, but it enjoys a privileged ctatus - it alone sells the TV rights, it competes for sponsorship, won't allow non-sponsors to "appear" on TV and distributes money to the participants as prizes. To refuse an invitation to a club which qualifies on grounds other than the sporting criteria would be to "apply dissimilar conditions to equivalent transactions with other trading parties, thereby placing them at a competitive disadvantage" and would be one further breach.

That's my case, I suspect M. Dupont's is much more detailed but not greatly different and I can't see how the court cannot find in his favour. I'm not sure that UEFA have actually taken a great deal of legal advice, unless M. Berlusconi is acting for them! Certainly Platini has never come remotely near an explanation of how the law allows the regulations he has put in place. Certainly in the Bosman case UEFA relied on an argument that the law didn't apply because UEFA didn't think it was good for football. Can't try that one again!

I think they stood a chance arguing for the overall benefit of the industry, especially if there was a clear consumer benefit. They've missed a massive trick there. UEFA's stance seem to be that 'the market' is the clubs (and the subtext being 'only some clubs'). They've totally forgotten about the consumer - the fans (match goers, or tv subscribers). The price of watching this competition's not gone down, and it's no more accessible than previously either.

Platini's soundbites are all about the clubs, nothing about the consumer (terrible term really, but that's what we are).
Why not give clubs an incentive to lower prices? make an FFP exemption for subsidised tickets?
The pressure to comply with FFP not only encourages clubs to spend less (which they believe is a good thing), but it encourages them to charge more too (not consumer friendly).

I've mentioned this before but UEFA will have to show that even though FFP may distort the market, it is being done for "the greater good" and the measures are proportionate and are the best method of achieving FFP's goals. They may be able to show that because of it's stated aims it is being done for the benefit of a number of clubs but where the rules will be most vulnerable is the disproportionate effect on some clubs and it is very easy to think of a number of other measures that can have similar effects but with less negative consequences. Personally I think the fact that UEFA have decided to divide up the fines among the "compliant" elite clubs will be a major factor in torpedoing FFP.

The law makes no mention of terms such as greater good, and it does not allow the obliteration of one party's rights to benefit another party - Berlusconi wants City's investment stopped because he can't match it. The law starts from the premise that investment is of benefit, is to be allowed and encouraged unless it can be shown that an agreement to limit it "contributes to improving the production or distribution of goods or to promoting technical or economic progress, while allowing consumers a fair share of the resulting benefit," UEFA have not attempted to show that the break even rule even begins to try to do this, either in their literature or their press statements nor has their been any explanation o how City or PSG actually broke this law. So far UEFA have simply reiterated statements that FFP will help clubs establish greater financial stability, but never how, and never how simply stopping spending without limiting City or PSG's investment (which might at least achieve the same end without imposing any limit on the right to invest). The enormous problem at the heart of FFP is that it has dished out whopping punishments to two clubs who have certainly not overspent but have done precisely what the law allows. You can't punish the innocent to encourage the guilty to be good!
 
Re: City & FFP (continued)

fbloke said:
But they dont 'represent' anyone within the EU at all.
Symantics on a word ;o)

They are the governing body for European football (whether we like it or not), so they are the governing body of all the clubs in Europe (EU or otherwise), their owners, the footballers that play in Europe, and the fans that watch European football, the majority of which are EU citizens.

Also the EU has been going since 1993, and UEFA since 1954, and Switzerland is part of Europe, so its a matter of Geography that they are not based in an EU country.

The three countries that initially thought of the concept of UEFA are all EU countries.

I'm surprised you asked why the EU wouldn't pander to UEFA ?
 
Re: City & FFP (continued)

It doesn't matter where in the world they are based, or even registered.
When they operate in or trade with Europe, they become subject to European Law.

As for why the EU lets then do what they do - well, they don't always. They've been subject to the courts before and reprimanded accordingly.
So far with FFP, it's not overtly against the law (subject to a ruling), and nobody's formally challenged it until now.

You could say that's effectively 'letting them get away with it', but the courts aren't there to detect infringements, they are there to judge them. It's up to law enforcement, or other entities to bring a case to court, which is now happening.

And I'm not saying anybody is protected because they bring inward investment, and it's now being blocked. I'm simply saying that football makes money for a lot of people, and institutions, and that will inevitably mean that there will be lobbyists behind the scenes arguing both sides of the FPP debate. Whilst we will be saying 'look at the transformation of East Manchester, and how City has contributed to that', there will be someone else saying 'we are going to lose a lot of investment in A.N.Other project if City cause us to drop out of CL', or they could even argue that Sugar Daddy clubs are undermining the appeal of CL and this devaluing it, costing millions'. I'm not saying I agree with those views, but people will be espousing them in corridors to politicians and anybody with influence.
 
Re: City & FFP (continued)

I'm afraid that the EU and EC are not very good at regulating themselves when it comes to money.
Forgive me if i remind the forum that it has not been able to get its accounts audited for the last 19 years because of a mountain of cash that disappears with monotonous regularity.

<a class="postlink" href="http://www.dailymail.co.uk/news/article-2487670/Auditors-refuse-EU-accounts-clean-health-19th-year-row.html" onclick="window.open(this.href);return false;">http://www.dailymail.co.uk/news/article ... r-row.html</a>

It should come as no surprise that Mr Platini and a high ranking EC Commissioner are on 'Cher Michel' terms.

<a class="postlink-local" href="http://forums.bluemoon-mcfc.co.uk/viewtopic.php?f=1&t=303393&p=8044445&hilit=+Cher+Michel#p8044445" onclick="window.open(this.href);return false;">viewtopic.php?f=1&t=303393&p=8044445&hilit=+Cher+Michel#p8044445</a>
 
Re: City & FFP (continued)

Press release on behalf of Jean-Louis DUPONT


Update on the legal challenge against UEFA’s Financial Fair Play



The European Commission has announced it is rejecting the complaint of player agent Daniel Striani, but not the various complaints of fans



In the last hours of his term in office as Vice-President of the European Commission with responsibility for competition, Joaquín Almunia – a commissioner known to have outstanding relations with UEFA - personally signed off the rejection of the complaint lodged by Daniel Striani against the break even requirement introduced by UEFA’s Financial Fair Play regulations.



However, the complaint brought by British, French and Belgian fans has not been rejected by the European Commission, whose services will now investigate their case under the guidance of the new competition commissioner, Margrethe Vestager, who takes up her post on 1 November.



The sole reason given for rejecting Daniel Striani’s complaint is that "the Court of Brussels is well placed to ensure compliance with European competition law including by making a reference for a preliminary ruling to the European Court of Justice". On the 10 October, Daniel Striani and other applicants sought from the judge in Brussels a provisional measure to freeze the entry into force of the next stage of implementation of the Financial Fair Play rules, until a final judgment is rendered on the merits


****************
gh_mcfc

would like to add that the outgoing commissioner is a huge Bilbao Fan. Bilbao were awarded a few huge euro 20 matches ..... Interesting
 
Re: City & FFP (continued)

An FFP consequence......
SPECIAL REPORT
By Greg Stobart

So synonymous with the new verve and ambition going forward already evident under Louis van Gaal, it might feel impossible to many to imagine Angel Di Maria in anything other than the red of Manchester United.

Three goals, four assist & 22 shots in just seven games has seen the Argentina international help United steady after an awful start to the season since his arrival and mark him out quickly as one of the Premier League's most valuable players.

And yet, had things turned out differently, Di Maria could have been turning out for City - not United - in Sunday's lunchtime derby had the Eastlands outfit not passed on the opportunity to sign him not once, but TWICE.

In the summer of 2013, on the back of Real Madrid's capture of Isco - ironically also a City target at the time - and mindful of Gareth Bale's impending arrival from Tottenham, Di Maria's camp sought an exit route from the Bernabeu.

Top of their list was Manchester City.

Impressed by the club's ambition and amplified by the player's close relationship with compatriot Sergio Aguero, Di Maria's team held high-level talks to explore the possibility of a move to the Etihad.

However, mindful of Financial Fair Play even then, City preferred the option of bringing in Jesus Navas at half the cost - around £16m - believing the Spaniard's pace and creativity would fit nicely into new manager Manuel Pellegrini's desired 4-4-2 approach.

City were also at that stage closely monitoring Marco Reus - the Dortmund playmaker they have now watched for five years and whom they will be bidding strongly for when his €25m release clause kicks in next summer.



Di Maria, then, ended up staying with Madrid - much to the surprise of many observers.

And, as happens so often in football, expectations were confounded when Di Maria then went on to enjoy arguably his best domestic season ever. Complementing rather than playing second fiddle to Bale, the Argentina international scored nine goals and made eight assists in 51 appearances as he played a key role in the club's successful Copa del Rey and Champions League charges.

Such was the impressive nature of his campaign that his team-mates and supporters at the Bernabeu alike begged for him not to be sold, while inflating his sell-on value arguably two fold.

And therein lay the root of City’s refusal to entertain a move for Di Maria a second time around, again on the back of contact from the forward’s camp.

By the summer of 2014, City had been fined £49m for failing to comply with Uefa’s financial fair play regulations and had their net spend in the summer transfer window restricted to the same amount. Put simply, even if they had wanted to, they could not bid for a player who would usurp Aguero as both the club’s record signing and highest earner.

Eventually, despite Paris St Germain’s efforts to finance a deal, United agreed a £59.7m transfer fee and near-£300,000-a-week salary package to take the 26-year-old to Old Trafford
 
Re: City & FFP (continued)

There maybe a different thread to this but thought it was interesting in relation to FFP an more importantly our Sheikh Mansour

In a few papers this is from Telegraph

<a class="postlink" href="http://www.telegraph.co.uk/sport/football/teams/real-madrid/11204853/Real-Madrid-strike-350m-deal-with-Manchester-City-owners-company-to-redevelop-Bernabeu-Stadium.html" onclick="window.open(this.href);return false;">http://www.telegraph.co.uk/sport/footba ... adium.html</a>

Real Madrid have struck a £350m investment deal with a company headed by Manchester City owner Sheikh Mansour bin Zayed al Nahyan to redevelop the iconic Bernabeu Stadium.


Real, who face Liverpool in Madrid in a Champions League Group B clash on Tuesday, are attempting to update the Bernabeu - built in 1947 - at a cost of £350m within the next three years.


But with the European champions reporting a debt of £474m in their most recent financial accounts, the club is now relying on the injection of funds from Sheikh Mansour’s International Petroleum Investment Company (Ipic) to pay for the renovation of the Bernabeu.


Sheikh Mansour’s £1 billion-plus investment in City since buying the club in September 2008 has ensured a remarkable transformation in fortunes in the blue half of Manchester, with the club overhauling neighbours Manchester United to win two of the last three Premier League titles and secure a fourth successive derby victory over their red rivals on Sunday.


But despite Sheikh Mansour’s involvement at City, his role as chairman of Ipic does not infringe Uefa rules on club ownership, with the Abu Dhabi royal family having no stake in Real beyond the anticipated substantial investment by Ipic, which has been described as a ‘long-term strategic partnership’ with the Spanish giants. Ipic will provide “commercial means to build the world’s greatest sports venue” and in return Real will promote Abu Dhabi globally, said the Abu Dhabi company’s managing director, Khadem Al Qubaisi.

“Ipic is proud to join forces with Real Madrid, the world’s top football club and sporting brand,” he said.

The result of the partnership will be “one of the best stadiums in the world, a unique architectural landmark for the city of Madrid and a symbol of innovation for our country”, said the Real Madrid president, Florentino Perez.

Ipic’s investment will also fund a series of Real Madrid museums, expansion of the club’s global network of football schools and the creation of content for digital-media platforms
 
Re: City & FFP (continued)

The Real Madrid thing is a huge story I am amazed the press and even more so City fans aren't all over it. Like it or not out owners now have a real influence at Madrid and we now have ties. Short of buying Madrid which is not allowed by their constitution this deal makes Abu Dhabi a huge influence to Madrid and vice versa for a very long time. in doing this and also with likely sponsorship too we now have another ally.

This could be good and also bad, this could well take emirati money to madrid and it could mean sharing the limelight within markets, it could mean less likelihood on going head to head with Madrid on players and it would make deals between the clubs much easier, it could mean madrid tapping into Nycfc, it means another voice in the g14 and in some ways the most powerful voice will not speak against City - interestingly Barca and PSG have similar informal networks .

Since our outrageous fine last summer we have allied with a major champions league sponsor and our owners have gained very significant influence over the world's biggest club - things definitely moving away from some of the old g14 and in our favour!!! I would Also wager on a pretty big money spinning game against Madrid next summer.
 
Re: City & FFP (continued)

It's a "wait and see" from me. Can some positives. Can see some negatives.
 
Re: City & FFP (continued)

EalingBlue2 said:
The Real Madrid thing is a huge story I am amazed the press and even more so City fans aren't all over it. Like it or not out owners now have a real influence at Madrid and we now have ties. Short of buying Madrid which is not allowed by their constitution this deal makes Abu Dhabi a huge influence to Madrid and vice versa for a very long time. in doing this and also with likely sponsorship too we now have another ally.

This could be good and also bad, this could well take emirati money to madrid and it could mean sharing the limelight within markets, it could mean less likelihood on going head to head with Madrid on players and it would make deals between the clubs much easier, it could mean madrid tapping into Nycfc, it means another voice in the g14 and in some ways the most powerful voice will not speak against City - interestingly Barca and PSG have similar informal networks .

Since our outrageous fine last summer we have allied with a major champions league sponsor and our owners have gained very significant influence over the world's biggest club - things definitely moving away from some of the old g14 and in our favour!!! I would Also wager on a pretty big money spinning game against Madrid next summer.

I wonder what Mr,Wenger thinks about it ??
 

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