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

[Prestwich_Blue]

Re: City & FFP (continued)

United take another £10mill hit.(1st to 7th) + £25mill-£30mill for missing out on a CL place next season + £10mill-£15mill paying off Moyes and his staff = £50mill-£60mill.

It's like they've fined themselves an FFPR fine. Lol!

Don't forget the 4 or 5 CL games they'll not have so that's another £20m of match revenue gone probably.

 

[aguero93:20]

Re: City & FFP (continued)

Interesting this. I've just been reading the Procedural Rules governing the operation of the CFCB and have come across something interesting. This says, about the Investigatory Chamber:

Article 14 – End of the investigation

At the end of the investigation, the CFCB chief investigator, after having consulted with the other members of the investigatory chamber, may decide to:
a) dismiss the case;or
b) conclude, with the consent of the defendant, a settlement agreement; or
c) apply, with the consent of the defendant, disciplinary measures limited to a warning, a reprimand or a fine up to a maximum amount of €100,000; or
d) refer the case to the adjudicatory chamber.

The higher Adjudicatory Chamber can impose higher penalties, including fines and squad size restrictions but not offer settlements.

Therefore it's complete media bullshit that we've been offered a settlement involving a multi-million Euro fine and CL squad restriction. That isn't part of the rules.

Marcotti is claiming that the £100k is only related to fines and that the £50m being talked about has been incorrectly called a fine and is actually a withholding of prize money (hence why they want to spread it out over 3 seasons as we wouldn't get £50m prize money in 1 season). I've questioned where exactly in FFP it says that the holding back of prize money is an acceptable punishment, as Article 14 certainly makes no reference to it, I'll see what he says.

Are we discussing whether the CFCB can withhold prize-money or whether the AP can Matty?

 

[LoveCity]

Re: City & FFP (continued)

Aren't they planning to fly around the world for big money glamour friendlies (especially now that they've unfortunately avoided the Europa League)? Though I'm not sure that can amount to the same as Champions League revenue.

 

[mac]

Re: City & FFP (continued)

Aren't they planning to fly around the world for big money glamour friendlies (especially now that they've unfortunately avoided the Europa League)? Though I'm not sure that can amount to the same as Champions League revenue.

That's why wio has gone to Singapore to thrash out the best tv deals for his ex club

 

[Matty]

Re: City & FFP (continued)

Interesting this. I've just been reading the Procedural Rules governing the operation of the CFCB and have come across something interesting. This says, about the Investigatory Chamber:


The higher Adjudicatory Chamber can impose higher penalties, including fines and squad size restrictions but not offer settlements.

Therefore it's complete media bullshit that we've been offered a settlement involving a multi-million Euro fine and CL squad restriction. That isn't part of the rules.

Marcotti is claiming that the £100k is only related to fines and that the £50m being talked about has been incorrectly called a fine and is actually a withholding of prize money (hence why they want to spread it out over 3 seasons as we wouldn't get £50m prize money in 1 season). I've questioned where exactly in FFP it says that the holding back of prize money is an acceptable punishment, as Article 14 certainly makes no reference to it, I'll see what he says.

Are we discussing whether the CFCB can withhold prize-money or whether the AP can Matty?

Article 14 is for the IC isn't it? We're still at the IC stage (or we certainly were when £50m was being mentioned as our settlement offer) so how was £50m even on the table if it's beyond the powers of the IC to withhold prize money? Surely you'd need to go to the AP before such a punishment was able to be levied?

 

[Chippy_boy]

Re: City & FFP (continued)

Interesting this. I've just been reading the Procedural Rules governing the operation of the CFCB and have come across something interesting. This says, about the Investigatory Chamber:

Article 14 – End of the investigation

At the end of the investigation, the CFCB chief investigator, after having consulted with the other members of the investigatory chamber, may decide to:
a) dismiss the case;or
b) conclude, with the consent of the defendant, a settlement agreement; or
c) apply, with the consent of the defendant, disciplinary measures limited to a warning, a reprimand or a fine up to a maximum amount of €100,000; or
d) refer the case to the adjudicatory chamber.

The higher Adjudicatory Chamber can impose higher penalties, including fines and squad size restrictions but not offer settlements.

Therefore it's complete media bullshit that we've been offered a settlement involving a multi-million Euro fine and CL squad restriction. That isn't part of the rules.

Marcotti is claiming that the £100k is only related to fines and that the £50m being talked about has been incorrectly called a fine and is actually a withholding of prize money (hence why they want to spread it out over 3 seasons as we wouldn't get £50m prize money in 1 season). I've questioned where exactly in FFP it says that the holding back of prize money is an acceptable punishment, as Article 14 certainly makes no reference to it, I'll see what he says.

I am sure he is wrong about that.

But as I keep saying, I don't see any issues as far as the rules are concerned if UEFA are seeking to get us to agree a compromise agreement that goes way beyond a €100k fine cap.

"We think you should be fined €60m, but we are limited in the IC to €100k, so here's the deal - accept a compromise (with whatever concessions they want to throw in) of paying €20m and we won't take it up to the AC".

That's surely fully within UEFA's rules.

 

[Matty]

Re: City & FFP (continued)

The whole thing stinks if we're being honest. How is it remotely fair for you only to be able to discuss/challenge the size of the punishment with UEFA as opposed to challenging the original decision that you're in breach of FFP? We clearly feel we've complied with their ridiculous set of rules, they have somehow come up with a method by which they can claim we haven't. That is the first thing that should be on any agenda, not the punishment that they want to impose.

 

[jrb]

Re: City & FFP (continued)

Kaching!

Same goes for all clubs really.

United take another £10mill hit.(1st to 7th) + £25mill-£30mill for missing out on a CL place next season + £10mill-£15mill paying off Moyes and his staff = £50mill-£60mill.

It's like they've fined themselves an FFPR fine. Lol!

What's interesting, is that even though United had a dreadful season, and most of their matches amounted to nothing, they still had 25 matches shown LIVE on the TV, and earned £19.7mill in the process.

I wonder if they've got a secret agreement with Sky and BT where they get given a minimum amount of matches per season.

Because for the life of me, I can't understand why anyone, let alone United fans, would have wanted to watch that dire football this season.

Even though it was compelling viewing, if you weren't a United fans. :-)

 

[LoveCity]

Re: City & FFP (continued)

Aaaaaaaaaaaaaaaaaaaaand another...

This one will upset the frothers as it's Arab-based unlike most of our recent commercial deals.

<a class="postlink" href="http://www.zawya.com/story/Arabtec_Signs_Regional_Sponsor_Agreement_with_Man_City-ZAWYA20140514142015/" onclick="window.open(this.href);return false;">http://www.zawya.com/story/Arabtec_Sign ... 514142015/</a>

Arabtec Holding today signed an agreement with Manchester City Football Club, which will establish Arabtec as a regional sponsor of the Premier League Champions for a term of three years.

The Club, which won its second Premier League title in three years last Sunday, will enjoy the support of the leading engineering and construction group of companies specialising in complex projects in the Middle East and North Africa region. In return, Arabtec will gain certain promotional rights and privileges that will reinforce its brand in MENA, Russia, India, and Serbia.

Under the agreement, which will run up to the end of the 2017 season, Arabtec will have access to specific rights of use of the Club's brand. It will also get tickets and special programmes for VIPs to attend matches and special events. This is in addition to visibility of Arabtec 's logo and promotional materials at the Etihad Stadium and across the Club's digital platforms

The agreement was formalised at a special ceremony attended by Manchester City Chairman, Khaldoon Khalifa Al Mubarak It was signed by Hasan Ismaik, Managing Director and CEO of Arabtec Holding , and Ferran Soriano, the Club's Chief Executive Officer, Hasan Ismaik, Managing Director and CEO of Arabtec Holding , commented:

"I would like to extend my warmest congratulations to His Highness Sheikh Mansour Bin Zayed Al Nahyan, Deputy Prime Minister, and Minister of Presidential Affairs, and to the Manchester City management for having won the Premier League title for the second time under the ownership of His Highness. These achievements as well as the solid foundations upon which the Club is built have prompted us to go into a regional partnership agreement that will be highly beneficial for both parties. Both Manchester City and Arabtec are leaders in their field and this alliance will bring mutual prominence to both organisations.

Ismaik pointed out that the regional sponsorship of Manchester City will further boost Arabtec 's brand in the Region and the world over, at a time when the Company is pushing ahead with plans to become one of the top ten companies in the world by 2018.

"We are proud to be part of this golden time Manchester City is enjoying, with two out of its four league titles having been won under the ownership of His Highness Sheikh Mansour. Ismaik said.

Ferran Soriano, Chief Executive Officer of Manchester City, welcomed the partnership with Arabtec , noting the important role of sponsorship agreements in further developing the Club. " Arabtec is an important force in its sector and across its region. Both Manchester City and Arabtec are ambitious to become globally recognised brands. As Arabtec looks to develop and grow further across the markets which our agreement focuses on, we are looking forward to a successful relationship and to working together." said Soriano.

 

[aguero93:20]

Re: City & FFP (continued)

Marcotti is claiming that the £100k is only related to fines and that the £50m being talked about has been incorrectly called a fine and is actually a withholding of prize money (hence why they want to spread it out over 3 seasons as we wouldn't get £50m prize money in 1 season). I've questioned where exactly in FFP it says that the holding back of prize money is an acceptable punishment, as Article 14 certainly makes no reference to it, I'll see what he says.

Are we discussing whether the CFCB can withhold prize-money or whether the AP can Matty?

Article 14 is for the IC isn't it? We're still at the IC stage (or we certainly were when £50m was being mentioned as our settlement offer) so how was £50m even on the table if it's beyond the powers of the IC to withhold prize money? Surely you'd need to go to the AP before such a punishment was able to be levied?

That's how I read it, we need to be very careful here though (the club) as anything we agree to as a settlement will fly once it has Khaldoon and Ferran's signatures on it.