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

[cookster]

Re: City & FFP (continued)

Whoever was charged with passing FFP wants showing the door.

Shambles!

 

[CitizenTID]

Re: City & FFP (continued)

A short summary please someone

 

[Ducado]

Re: City & FFP (continued)

Does anyone actually think the people running our club have been outflanked? Some of you are letting your hearts rules your heads.

Our owners are not infallible, GDM. And I for one am fucked off with this shit. It stinks (as shit tend to do, admittedly).

Are you forgetting that there is a Legal Challenge to FFP coming up? Why go for all the bother?

 

[HelloCity]

Re: City & FFP (continued)

The players would have been told all this during the visit to Abu Dabi this week.

 

[nowantads]

Re: City & FFP (continued)

"The nature of conditions that will result in the lifting of sanctions means that the Club expects to be operating without sanction or restriction at the commencement of the 2015-16 season."

I don't believe this will happen with bent uefa:(

 

[TrueBlue1705]

Re: City & FFP (continued)

How much is the CL squad size reduced by?

Its down to 21. But I read 13 have to be homegrown

This is a real problem for us now, we need

A No.2 keeper who is homegrown and maybe take a risk with just 2 keepers in CL squad
Kolarov out - Ashley Cole in
Sagna doesn't seem like such a good idea - Maybe need to talk to Richards again about a new contract

Go ahead and try to make a squad of 21 with 8 homegrown players, its very difficult

 

[Ray78]

Re: City & FFP (continued)

Just keep seeing fined 50m. Whats this about getting some back?

If we meet their 'targets'.

 

[I'm no cynic but...]

Re: City & FFP (continued)

From the outset, the Club has engaged with UEFA in its introduction of the Financial Fair Play Regulations in good faith and without prejudice and in a transparent and collaborative manner. The Club’s position is that it is beholden upon UEFA and the European football establishment to ensure the same.

Should we be reading something into this paragraph?

UEFA is bent

It is, but it is our failure to challenge UEFA that is disappointing. Perhaps our case wasn't as legally strong as we were hoping for.

 

[Damocles]

Re: City & FFP (continued)

Sites running nice :)

 

[jrb]

Re: City & FFP (continued)

MEN.

Manchester City must limit their spending in transfer markets after a decision by the UEFA FFP board.

In a statement released on Friday evening, UEFA said City received a 60 million euro fine, of which 40million is suspended, for breaching financial fair play regulations.

The club must also spend no more than 20 million euros more than it makes for the financial year ending in 2014, and 10 million in the financial year ending 2015.

UEFA said: "Furthermore Manchester City agrees that revenues from the sale of assets within their group structure will not be included in future break-even calculations."

"Manchester City accepts that employee benefit expenses cannot be increased during the next two financial periods (2015 & 2016). If Manchester City meets the annual break-even requirements outlined above, this spending limit will be removed for the 2016 financial period. "

"Manchester City accepts that for the duration of the settlement it will be subject to a limitation on the number of players that it may include on the “A” list for the purposes of participation in UEFA competitions. Specifically, for season 2014/15 Manchester City may only register a potential maximum of 21 players on the “A” list, instead of the potential maximum of 25 as foreseen in the relevant competition regulations. If MC manages to comply with the annual break-even target the club shall be released from the restriction as regards the registration of players in UEFA club competitions for the 2015/16 season.

Manchester City agrees to significantly limit spending in the transfer market for seasons 2014/2015 and 2015/2016. Manchester City further accepts a calculated limitation on the number of new registrations it may include within their “A” List for the purposes of participation in UEFA competitions. This calculation is based on the clubs net transfer position in each respective registration period covered by this agreement.

"Manchester City agrees to pay a total amount of EUR 60 Mio. which will be withheld from any revenues it earns from participating in UEFA competitions commencing in season 2013/14. Of this EUR 60 Mio. an amount of EUR 40 Mio. will be withheld conditionally and will be returned to Manchester City if the club fulfills the operational and financial measures agreed with the UEFA CFCB."

The club said in a statement: "Manchester City Football Club can confirm that at the end of the current financial year (May 31st) it is on course to financially break even, as planned.

"Operating with no debt, the Club is realising its football and commercial opportunities whilst continuing unprecedented investments in both youth development and the local community

"From the outset, the Club has engaged with UEFA in its introduction of the Financial Fair Play Regulations in good faith and without prejudice and in a transparent and collaborative manner. The Club’s position is that it is beholden upon UEFA and the European football establishment to ensure the same.

"The Club can confirm that it has been in discussions with UEFA over the last month - in relation to the application of Financial Fair Play regulations - as has been widely reported and communicated by UEFA. At the heart of those discussions is a fundamental disagreement between the Club’s and UEFA’s respective interpretations of the FFP regulations on players purchased before 2010. The Club believes it has complied with the FFP regulations on this and all other matters.

"In normal circumstances, the Club would wish to pursue its case and present its position through every avenue of recourse. However, our decision to do so must be balanced against the practical realities for our fans, for our partners and in the interests of the commercial operations of the Club."