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

[Anonymous]

Re: City & FFP (continued)

We may have "said" nothing but it is implicit by acceptance. What a fucking brush to tar yourself with. Pissed off doesn't cover it.

Exactly. If next year they decide to move the goal posts again and try and further punish us and we argue they will just turn around and say we've already accepted guilt.

read the thread. The statement sets out in stone what can and cannot be done in the future. Moving the goal posts is a cliche that keeps being repeated but they are well and truly cemented in place

I disagree. Going back to 2010 when Khaldoun made his statement about working towards FFP compliance and other pronouncements how we were keeping UEFA up to speed with what we are doing, we fully expected with that course of action to be clean as a whistle. However, when it came to the crunch UEFA more or less said "sorry boys things are different now".

How does a pronouncement on City's OS cement any new understanding when it has been shown UEFA are slippery bastards and change like the fucking wind?

 

[Prestwich_Blue]

Re: City & FFP (continued)

How's this work with regards transfers. I've read we are restricted to £60m in transfers this summer. But from an accounting point of view transfers are amortised so they spread over the length of the contract.

So given that we are judged on ffp on accounts per year ie amortised fees how can tbey restrict the fees we pay this summer as part of the total amount.

A £30m signing over a 3 year contract is more expensive than a £40m signing on a 5 year contract basically in accounting terms.

Prestwich?

Good point and it did cross my mind but it seems clear it's €60m net spend this summer in total. That's £50m plus any incoming revenue from sales.

 

[Tron Coltrane]

Re: City & FFP (continued)

We've already got ouR targets. See Ferran Soriano interview.

Progression through the CL is about the luck of the draw, as much as anything else. We will still have 13 1st players available. The rumour was £50mill. It's down to £20mill over 2 seasons. The new BT CL sponsorship deals starts in 2015. Easy!

Absolutely this. What the fuck are people moaning about ? People keep going on about us signing these 'top' players.

Ffs, we just won the league & have been targeting certain players since Christmas. That didn't include Ronaldo, it was centre backs, def mids & maybe Sagna, plus the odd kid. Sheikh Mansour doesn't want to spend 100 fucking mil on players every year.

We are in line to sign exactly who we want.

Would it not have been good to get Isco if we wanted to? Or Fabregas perhaps? And we can forget any dreams of Messi or other galacticos for the forseeable future. Not sure how realistic that was anyway. But now we have a situation where other clubs with greater worldwide revenues - scum, real, barca, bayern etc - could spend more than us on transfers and wages. Now we are burdened even further. They can spend even more than us than previously, and they don't have squad restrictions either.

There is no way to dress this up as anything other than a kick in the teeth. Will we live? Yes. But it's still a kick in the teeth.

On revenue we're the 6th highest earners in the world, and that was in 2013. This year should see growth on that. If you're really concerned that out of all the football clubs in Europe we only have the 6th best advantage under the terms we've agreed to, then fair enough. I see it as an enormous disadvantage for the clubs they set out to protect, but a huge advantage for us now that we're breaking even and turning profitable.

As for marquee signings of the "Messi" level, or shortly below, I don't think that was in the cards for us this season regardless. But as of 2015/16, if we do decide to shop for that kind of player, we'll be in about as good a position to do it as anyone else around.

 

[EalingBlue2]

Re: City & FFP (continued)

and, by accepting the settlement, confirm to the world MCFC cheated by cooking the books.

No. We. Haven't. We've very subtlely put out a public statement that confirms UEFA are cheating. Calm down mate.

Ok, you are walking down the street and a copper stops you and tries to issue you with a spot fine for something you've not done. Do you accept it and in the process confirm your guilt or do you fight your corner and say "sorry plod, see you in court"?

I'm not clever enough to understand the ins and outs of football politics and the subtle nuances of how to play the corridors of power in Nyon so forgive me if my approach is somewhat naive and simplistic. However from where I am sat we've given every **** under the sun license to say "City were fined for failing FFP ergo they cheated, they cooked the books".

UEFA know FFP is fundamentally flawed.

ECA know FFP is fundamentally flawed.

The Premier League know FFP is fundamentally flawed.

City know FFP is fundamentally flawed.

You know FFP is fundamentally flawed.

Even I know FFP is fundamentally flawed.

Why the fuck are we accepting this?

In Britain you may fight it in most of the world you would pay up and go on about your business as if you didn't you may find yourself getting beaten in a cell and then doing ten years and having your life ruined over a 20£ fine

I think you make the point if why we needed to accept more eloquently than anyone else has even though I am not sure this was your intention

 

[Neville Kneville]

Re: City & FFP (continued)

Don't go on News Now.

We've lost apparently. ;-)

So no challenges from the cartel then.

Pity.

 

[George Hannah]

Re: City & FFP (continued)

I simply can't believe the club would have agreed to that.

I believe they have. The sanctions are nothing if the squad reductions lets you to skirt the club trained rule. My understanding is that we can name only 13 foreign players in next season's squad. The other eight must contain four association trained and four club trained players.

I hope that it's a pro rata reduction of 2 association trained and 2 foreign trained. That would enable all but one of our current foreign players, or their direct replacements, to play in the Cl next season. If not the consequences for existing players' contracts might be unlawful. We might be able to renegotiate terms I suppose but who is the current foreign player who'll miss out on the CL going to be?

 

[Ducado]

Re: City & FFP (continued)

Absolutely this. What the fuck are people moaning about ? People keep going on about us signing these 'top' players.

Ffs, we just won the league & have been targeting certain players since Christmas. That didn't include Ronaldo, it was centre backs, def mids & maybe Sagna, plus the odd kid. Sheikh Mansour doesn't want to spend 100 fucking mil on players every year.

We are in line to sign exactly who we want.

Would it not have been good to get Isco if we wanted to? Or Fabregas perhaps? And we can forget any dreams of Messi or other galacticos for the forseeable future. Not sure how realistic that was anyway. But now we have a situation where other clubs with greater worldwide revenues - scum, real, barca, bayern etc - could spend more than us on transfers and wages. Now we are burdened even further. They can spend even more than us than previously, and they don't have squad restrictions either.

There is no way to dress this up as anything other than a kick in the teeth. Will we live? Yes. But it's still a kick in the teeth.

We can't keep buying up all the players. We have to act like other top clubs and just buy the one or two important players we need each year. We have to keep players happy too - the squad is big enough already

It's a point lost on many

 

[Helmet Cole]

Re: City & FFP (continued)

Dear Mr Wenger,
Due to FFP sanctions we will now only be signing your players on a free once their contracts are up. Sorry if this leaves you £70m worse off next year - give our love to Sagna.

 

[OB1]

Re: City & FFP (continued)

How's this work with regards transfers. I've read we are restricted to £60m in transfers this summer. But from an accounting point of view transfers are amortised so they spread over the length of the contract.

So given that we are judged on ffp on accounts per year ie amortised fees how can tbey restrict the fees we pay this summer as part of the total amount.

A £30m signing over a 3 year contract is more expensive than a £40m signing on a 5 year contract basically in accounting terms.

Prestwich?

Good point and it did cross my mind but it seems clear it's €60m net spend this summer in total. That's £50m plus any incoming revenue from sales.

The spend figure refers to capital expenditure i.e. the purchase price of player registrations acquired.

 

[EalingBlue2]

Re: City & FFP (continued)

Don't go on News Now.

We've lost apparently. ;-)

What was critical from our point of view was that we didn't get effected or have to change plans, critical to UEFA was appearing to have won and been harsh.

I reckon we say fair cop hub, celebrate out title, watch the World Cup and go ahead business as usual next season and if a few rags get excited and gloat just mention the league table and ask them how their European squad is looking next year!