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

Re: City & FFP (continued)

After reading it, this is actually pretty good

- The Club’s expenditure on new players for the upcoming summer transfer window, on top of income from players it might sell, will be limited to 60m euros. This will have no material impact on the Club’s planned transfer activity.
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Sagna- free
Fernando- 15m euro
That just means Mangala/Benatia price is capped at 45m euro, way above what it will cost to get either

And then add in the sale of players like Micah on top of that.

Not bad at all. We had never planned on spending another 100m this transfer season anyway.

- The wage bill of the whole club (playing and non-playing staff) for 2014-15 will need to remain at the same level as that of 2013-14 season. It is important to note that additional bonuses for performances can be paid outside this number. Importantly, in reality, the existing MCFC business plan sees a natural decline in that wage bill.
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We have at least 270k coming off the wage bill as it stands (Barry- 100k, Joleon 90k, Micah 80k, , which is plenty to pay our new players. That's assuming we can't sell Rodwell (55k), Garcia (75k), or Sinclair (45k).

There's plenty for new salaries.

This will have absolutely zero visible impact on the club it seems.

- The MCFC Champions League squad for the 2014-15 competition will be limited to 21 players. In 2013-14 the club registered 23 players for the competition and used 21.
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No mention of homegrown restrictions. That's big if there aren't any.

<a class="postlink" href="http://www.mcfc.co.uk/News/Club-news/2014/May/Club-statement-16-May" onclick="window.open(this.href);return false;">http://www.mcfc.co.uk/News/Club-news/20 ... ent-16-May</a>
 
Re: City & FFP (continued)

On the face of it, it looks pretty humiliating, but remember there is a legal challenge to FFP coming up, and it is effectively a £9 million fine
 
Re: City & FFP (continued)

Only £40m transfer budget allowed plus whatever we can get from player sales. That looks like Fernando and Mangala deal will not be resurrected although the club say it won't make a difference to our plans. Ah well, minus the injury problems we had this year we can walk the league.

Galling though it is to have our transfers effectively controlled by our rivals in the cartel, I'm surprised it isn't worse.
 
Re: City & FFP (continued)

dont think is as bad as thought, no mention of home grown players, and we get most of fine back, if city wernt happy at first with it and didnt agree makes me wonder what the hell the offered first to us
 
Re: City & FFP (continued)

We were always going to get done.

Having read the official statement we appear to have most of it covered, it seems to amout to 12 months of us being careful.

Importantly in our statement it specifically says that this years transfer plans will not be affected.

Also no restrictions on home grown players for CL

In the greater context of things its an expensive wrist slap compared to what we could have (and what they probably would have like to ) give us.
 
Re: City & FFP (continued)

I love this bit from City

- Given the unique nature of the new City Football Group structure – which incorporates MCFC, New York City, Melbourne Heart and a number of other companies, the Club has agreed to certain non-material terms in order to make FFP reporting as easy as possible for UEFA to discern.

Basically, as UEFA are too fuckin stupid to understand, we have agreed to use The Dummies guide for Accountancy until they get up to speed.
 
Re: City & FFP (continued)

" The Club’s expenditure on new players for the upcoming summer transfer window, on top of income from players it might sell, will be limited to 60m euros. This will have no material impact on the Club’s planned transfer activity. "

fernando, mangala and sagna in ...with lopes promoted

i can see that being pretty good window
 
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