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

[Damocles]

Re: City & FFP (continued)

Question.

NYCFC and Melbourne adside, where has the money come from to pay MCFC from MCWFC?

Let's be honest about this, there is no way they could afford to pay for image rights, etc.

You could probably apply that to NYCFC and Melbourne as well.

Where have those 3 clubs got the money from to pay City, who effectively own the 3 of them?

Let's not duck the issue. One that many on here think is one off, if not, the main reason why City failed FFPR.

It's obvious UEFA aren't buying this either/at all.

It has come from the investment City and its fellow owners put into the company to start up.

This is why it's a related party transaction - because the two parties are separate companies but related.

I can't imagine UEFA are going to challenge the legality of a related party transaction.

 

[Hamann Pineapple]

Re: City & FFP (continued)

Anyone heard of these before ? 'Bridge transfers'

<a class="postlink" href="http://www.soccerex.com/media-centre/soccerex-blog/what-is-a-bridge-transfer-in-football/?utm_source=dlvr.it&utm_medium=twitter" onclick="window.open(this.href);return false;">http://www.soccerex.com/media-centre/so ... um=twitter</a>

 

[Damocles]

Re: City & FFP (continued)

Anyone heard of these before ? 'Bridge transfers'

<a class="postlink" href="http://www.soccerex.com/media-centre/soccerex-blog/what-is-a-bridge-transfer-in-football/?utm_source=dlvr.it&utm_medium=twitter" onclick="window.open(this.href);return false;">http://www.soccerex.com/media-centre/so ... um=twitter</a>

Yeah that's happened a few times. Inter (for example) won't sell to Milan as they are a rival. Due to this, some other club will buy the player then sell him straight to Milan and make a few million in the middle. It's a bigger and more complicated issue than this but it's the root of it.

 

[adrianr]

Re: City & FFP (continued)

Question.

NYCFC and Melbourne adside, where has the money come from to pay MCFC from MCWFC?

Let's be honest about this, there is no way they could afford to pay for image rights, etc.

You could probably apply that to NYCFC and Melbourne as well.

Where have those 3 clubs got the money from to pay City, who effectively own the 3 of them?

Let's not duck the issue. One that many on here think is one off, if not, the main reason why City failed FFPR.

It's obvious UEFA aren't buying this either/at all.

It has come from the investment City and its fellow owners put into the company to start up.

This is why it's a related party transaction - because the two parties are separate companies but related.

I can't imagine UEFA are going to challenge the legality of a related party transaction.

But they could correct it down to £0 for FFP purposes if they think we're using it to circumvent the rules, no? I thought they could adjust all RPT's, it was non-RPT's that were safe?

 

[Hamann Pineapple]

Re: City & FFP (continued)

Anyone heard of these before ? 'Bridge transfers'

<a class="postlink" href="http://www.soccerex.com/media-centre/soccerex-blog/what-is-a-bridge-transfer-in-football/?utm_source=dlvr.it&utm_medium=twitter" onclick="window.open(this.href);return false;">http://www.soccerex.com/media-centre/so ... um=twitter</a>

Yeah that's happened a few times. Inter (for example) won't sell to Milan as they are a rival. Due to this, some other club will buy the player then sell him straight to Milan and make a few million in the middle. It's a bigger and more complicated issue than this but it's the root of it.

Can we not do it through NY or London then ?

 

[jimbopm]

Re: City & FFP (continued)

Anyone heard of these before ? 'Bridge transfers'

<a class="postlink" href="http://www.soccerex.com/media-centre/soccerex-blog/what-is-a-bridge-transfer-in-football/?utm_source=dlvr.it&utm_medium=twitter" onclick="window.open(this.href);return false;">http://www.soccerex.com/media-centre/so ... um=twitter</a>

Yeah that's happened a few times. Inter (for example) won't sell to Milan as they are a rival. Due to this, some other club will buy the player then sell him straight to Milan and make a few million in the middle. It's a bigger and more complicated issue than this but it's the root of it.

This happened with Ezekiel Fryers. Spurs wanted him from Manchester United but United didn't want to sell to another club in the PL. United decided to sell him to Standard Liege instead and hey presto, 2 months later he had signed for Spurs. It turns out that Spurs and Standard are partner clubs.

 

[TrueBlue1705]

Re: City & FFP (continued)

Question.

NYCFC and Melbourne adside, where has the money come from to pay MCFC from MCWFC?

Let's be honest about this, there is no way they could afford to pay for image rights, etc.

You could probably apply that to NYCFC and Melbourne as well.

Where have those 3 clubs got the money from to pay City, who effectively own the 3 of them?

Let's not duck the issue. One that many on here think is one off, if not, the main reason why City failed FFPR.

It's obvious UEFA aren't buying this either/at all.

It has come from the investment City and its fellow owners put into the company to start up.

This is why it's a related party transaction - because the two parties are separate companies but related.

I can't imagine UEFA are going to challenge the legality of a related party transaction.

But they could correct it down to £0 for FFP purposes if they think we're using it to circumvent the rules, no? I thought they could adjust all RPT's, it was non-RPT's that were safe?

The trouble unless someone challenges UEFA they can pretty much do they want they want, we all know its an agenda driven by GIll and the G1

UEFA decide if a transaction if a RPT - if they decide it is they can then decide if it is fair value and devalue or completely disregard the transaction as part of FFP calculations - Yes I think there's ome creative accounting here, but I do NOT think still we failed FFP by much and YES I do think UEFA are going after us with Gill and the G14 the back seat drivers ....

 

[hello]

Re: City & FFP (continued)

Not read the whole 677 pages and sure this has been confirm but people are saying if you pass fpp you can deduct pre 2010 wages some 80m quid or so in our case but if you are failing you can't deduct this sum. Surely that has to be the other way round as even uefa can't be that stupid can they?

 

[welsh_andy]

Re: City & FFP (continued)

still no timescale on this, uefa saying hoped to be completed by beginning of next season, crikey

 

[Prestwich_Blue]

Re: City & FFP (continued)

Not read the whole 677 pages and sure this has been confirm but people are saying if you pass fpp you can deduct pre 2010 wages some 80m quid or so in our case but if you are failing you can't deduct this sum. Surely that has to be the other way round as even uefa can't be that stupid can they?

No. You can deduct the £80m if it makes the difference between passing and failing.