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

Re: City & FFP (continued)

In this regard, PSG undertakes to report a maximum break-even deficit of EUR 30 Mio. for the financial year ending in 2015 and no break-even deficit for the financial year ending in 2016. In this context the contract between PSG and the Qatar Tourism Authority has been carefully considered and a fair value, significantly below that submitted by the club, has been assigned.
 
Re: City & FFP (continued)

I think we'll see a whole load of new sponsorship deals over the coming months.
 
Re: City & FFP (continued)

YourBirdCanSing22 said:
Prestwich_Blue said:
It seems clearer what has transpired now and why we were upset with UEFA. We had been working on the basis of being able to exclude £80m of player wages in order to comply. That figure always looked high to me but Kieran Connor (aka Swiss Ramble) told me that UEFA had clarified the pre-2010 wages figure by saying that although FFP says that renegotiated contracts were not included, we could exclude any wages paid under those renegotiated contracts in 2011/12 that we would have paid under the old contract.

As an example, if we paid Player A £70k a week and renegotiated that up to £90k a week on or after June 1st 2010, we could still exclude the £70k. The statement seems to imply that they have back-tracked on that, hence we aren't allowed to exclude the £80m but a lesser amount. So that's why we believe they've gone back on their word.

To me, it looks like a catastrophic PR failure from our club. Again.

This is a golden era for City. I don’t even think these punishments will affect us too much. The only question for me is whether our owners (coming from an entirely different media culture) are being given the best advice on how to manage the media in Europe.

These 'rules' were announced 3 years ago. They were laughable, transparently corrupt, and may yet turn out to be illegal. Why on earth did we wait until the 11th hour to start talking to journalists about them?

Why did we let every major European news outlet cover Platini & Gill’s media roadshow for ‘fairness,' but wait until the last 2 weeks to begin briefing on the hypocrisy of it all, set against the United's leveraged debts, or the community regeneration we are doing in East Manchester?

Why have we let HUNDREDS of journalists and 'financial experts' merrily publish their conclusions that City would fail (which we have) without sharing with any of them our plans to comply, and some of the detail of our conversations with UEFA? So that if UEFA have broken their word and moved the goalposts it would be now be obvious who the real cheats are?

Why have we relied on a single journalist - Martin Samuel - to tell the other side of the story? And not because we talked to him about it, but because he came to that conclusion on his own.

Why have we let Wenger make City and their evil money a weekly theme of his Friday press conferences without once reminding those same journalists about the tens of millions Arsenal have happily taken from us to spend on their new stadium?

Why have we not fed ONE serious news article been to the press that highlights the clear conflict of interest in a director of Manchester United (still involved in the day-to-day running of the club) sitting on a UEFA panel that has the power to run the rule over their biggest competitor’s accounts?

Because we want to do it 'quietly.'

We let UEFA, Ruminegge, Platini, Gill and Wenger set the media agenda, while we believe (against ALL evidence) that silence is a better strategy. And in the end, where has it got us?

Just wait and see how they now emerge to bask in this triumph. Forget the gentle requests to UEFA in our official statement, or the reality that these measures may not really affect us, this will be a media Tsunami. As far as the world is now concerned:

City tried to outspend the ‘big clubs’ - they were stopped.
City tried to ‘cook the books’ and cheat the fairness rules - they were caught and punished.


We lost the PR war, hands down. Again.

Our owners are quiet, successful people and they want the club to operate that way. But football is political. And like all politics, the media is the key battleground. Time and time again we get beaten at their game.

There is a middle ground between the motormouth of Suliman al-Fahim and total silence. In fact there are a multitude of positions between the two.

I've said it before and I'll keep saying it:
Our media team are NOT up to the job of managing one of the biggest news cycles in modern sport, and our owners are getting the wrong advice with regard to how to handle the press.

Good points, I agree with most of that - I think are owners are trying to play by the rules and have been naive to say the least, not just on the PR side but also the fuckwit accountants we hired to make sure we complied with FFP need the boot, they are obviously taking millions off the owners and must have been telling them we were on course to comply!! ...

I am worried this has only just started I think Gill has plans to put a spanner in the works in the PL next. He and the Chelsea chairman are increasingly powerful, whilst Scudamore's position is becoming more difficult and he may not have the stomach to fight these guys...
 
Re: City & FFP (continued)

What hardship having to watch Sergio, merlin and yaya again

We already have the best of the best certainly in the prem

And we some cute signings we will be alright

Bring it on
 
Re: City & FFP (continued)

jrb said:
Red Café in meltdown!

The thick Rag f***er's, along with Arsenal fans were desperate for UEFA to hammer us.

It's now dawning on them that we've come out of this pretty well.
We have been hammered seeing as City believe we have broken even. The sanctions just aren't as bad as first reported.
 
Re: City & FFP (continued)

maurizio said:
The Telegraph spin it negatively against us of course. They reckon the Arse and the blue dippers could appeal to get it increased, is this correct?

They can, but I'd be very surprised if they were able to convince someone we should be punished more. Plus, if we are punished more then we can go the court route.
 
Re: City & FFP (continued)

GeekinGav said:
to put it simple terms ... Man City have to play with both hands tied behind their back next season. will save on yellow cards for elbowing and silly handballs.

This could not be more untrue. We want and need to break even and were aiming to do so anyway. We can still spend…..
 
Re: City & FFP (continued)

If the goalposts have been moved why are agreeing to this?
 

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