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

[cleavers]

Re: City & FFP (continued)

Ofcourse we can continue to grow but be in no doubt we have been well and truly mugged off.

Or.....

It is actually classic diplomacy, politics and spin rather than being a punishment - classic football politics! Well done both parties for stitching this up.

 

[Rammyblues]

Re: City & FFP (continued)

Viva Dupont Fuck Off Platini.

 

[Ducado]

Re: City & FFP (continued)

Can we put away the pitchforks and accept that the club for very understandable reasons dose not want to go the legal route, to me it looks like a compromise, I would be surprised if these regulations will survive a robust legal challenge which will take place next year

 

[Citizen Green]

Re: City & FFP (continued)

Right so

Am I right in thinking we haven't been fined at all

- We're to lose out on £20m from the next two seasons CL revenue money
- We can only register 23 Players
- We can only spend £60m (With added sales) over the next transfer window
- We are scheduled to break even next year?.

Anyone?

 

[OB1]

Re: City & FFP (continued)

Has this been mentioned? This thread is moving so fast...

Leading football law specialist Daniel Geey, of Field Fisher Waterhouse said it was significant that City have been told they may make a maximum loss of €20m (£16.2m) for the current financial year, £15m for the next financial year. That means Uefa have scrapped plans to use a three-year rolling figure in FFP considerations, which would have lumbered City with last season's losses.

That is a useful change for City.

 

[CheethamHillBlue]

Re: City & FFP (continued)

You might as well ask your carpet

In fairness, if it was a choice between you, PB and a carpet my question would be "Could you give me a moment, Mr Axminster? I want to ask PB his valued opinion. I'll get to you shortly and then ask Corky to hoover up"

;-)

 

[yamcha]

Re: City & FFP (continued)

Right so

Am I right in thinking we haven't been fined at all

- We're to lose out on £20m from the next two seasons CL revenue money
- We can only register 23 Players
- We can only spend £60m (With added sales) over the next transfer window
- We are scheduled to break even next year?.

We can only register 21 players. Which means that one big name foreign player will miss out on the CL next year. Probably Jovetic.

 

[ManCitizens.]

Re: City & FFP (continued)

I'm very disappointed City have just decided to bend over and take it. I don't think there would have been many fans out there who would have complained had we decided to take the cunts to court. But now the club has validated FFP and pretty much allowed them to continue to take the piss next season as well. Now we can't strengthen our squad to the level we would have liked so risk being in exactly the same situation we were when we last won the title where we didn't strengthen the squad enough and got left behind.

One positive is clubs can't ask for a "premium City" price when we buy a player now.

 

[Tim of the Oak]

Re: City & FFP (continued)

We absolutlely have not.

The only thing that will make any difference, is if the 8 homegrown rule still stands. If it doesn't, then we have won by a knockout. The cartel will be fucking gutted by this.

The cartel can appeal this mate.

UEFA fine clubs £50k for vicious racism. They have fined us up to £50m (£16m best case scenario) for differences of opinion over accounting methods. Well and truly shafted!!

Of course we can continue to grow but be in no doubt we have been well and truly mugged off.

Agree with this. City owners need to wise up now - We need the best 'spin doctor' money can buy for a start to compete in the media circus and then sue the sh*t out of our accountants who have presumably been paid millions whilst telling our owners all the time that we were on course to pass FFP when they knew all along that we were skating on very thin ice with some of the creative accounting!! .....

Spot on about the accountants True Blue.

 

[Manc in London]

Re: City & FFP (continued)

Has this been mentioned? This thread is moving so fast...

Leading football law specialist Daniel Geey, of Field Fisher Waterhouse said it was significant that City have been told they may make a maximum loss of €20m (£16.2m) for the current financial year, £15m for the next financial year. That means Uefa have scrapped plans to use a three-year rolling figure in FFP considerations, which would have lumbered City with last season's losses.

That's an interesting snippet. A positive, of sorts