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

Re: City & FFP (continued)

Our statement also said we are expecting to be ffp compliant on commencement date of season 2015/2016.

So I take that half of our penalty has been backdated to the 2013/2014 season? If so, one year of more or less the same doesnt affect as much.
 
Re: City & FFP (continued)

Prestwich_Blue said:
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.
I'm not going to quote the rest of your ludicrous and idiotic rant again but you come over as a fully paid-up member of the foaming-at-the-mouth, green-ink using brigade who actually understands fuck-all about PR and strategic objectives. There's no PR failure from the club but if you read the club statement, the key part says:
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.
What that means is that we were given guidance by UEFA (as were others) about the treatment of the wages paid to players signed on contracts prior to June 1st 2010 in the 2011/12 financial year. That led us to believe that we could exclude a certain amount for this and that excluding our figure would have caused us to escape without sanction. UEFA have done a u-turn it would seem and have not allowed the amount which we thought they said they would. And I had confirmation from an independent and highly respected source that this higher figure would be accepted by UEFA, which he'd got from the Club Licensing Panel itself at UEFA HQ in Nyon.

The outcome is that, at the last moment, we've been shafted and I know the club were furious over this. However, you have to pick your battles carefully and they've decided that this isn't a battle worth fighting and dying for. There are two reasons for this. The first is that the sanctions barely affect us in any practical way, apart from maybe the CL squad size. If we don't have to meet the 8 home-grown minimum requirement then it's probably not an issue at all. The fine is minimal if we comply with the conditions and all the indicators are that we will, and would have done anyway.

By accepting such a settlement, it may make us look bad but it actually has benefits plus it helps UEFA out of their predicament as well. The club might actually be pleased if we get a bad press ironically as it makes UEFA look tough and that we've been forced to comply with something we were always going to comply with anyway but at minimal inconvenience to ourselves. It's what's known as a win-win situation. If we go into battle, we could well win but the cost to us might be a lot higher as we'd be painted as the villains far worse than we would this way. It will all have blown over once the World Cup starts and we've effectively paid the entrance fee to the G14 cartel.
Excellent summary.

The G14 have done their worst through FFP, but effectively City are still standing.

Had we made any mistakes in the management of the club and the consequent success on the pitch, we could be talking about a fatal blow instead of a glancing blow. Key for me is that we ensure it's a one year hit, and then we put this all behind us.

It's going to be fantastic going into next season as Premiership Champions with the new Training Ground opening, and the New South Stand going up by the week knowing that everything is in our own hands, and that barring a meltdown, there's nothing the G14 can do to stop us now.
 
Re: City & FFP (continued)

Chippy_boy said:
Ducado said:
rugbyblue said:
You don't own the club
You're not the MD, you're not on the board, it's not your decision to make
You're not the legal representatives.

No one on here, or in the media, knows why the decision was made. There's a broad press statement raising some factors but it's entirely possible the club said 'it's a one year impediment, let it go'.

Sometimes in legal situations you let stuff go, because it's too much effort, or cost or too risky to push ahead, even if you're in the right.

Who gives a fuck what random other people you don't give a shit about (seriously, journalists and pundits?) think?

The problem is here, is that many people are just ranting and not seeing the bigger picture, I can see why the club have decided not to pursue a legal challenge, they are being pragmatic knowing that there is one ongoing anyway

I am all for pragmatism Duc, and i always expected a compromise (or perhaps a complete climb down by UEFA).

What i did not expect is a pragamatic compromise where we accept pretty much all of their sanctions on the chin, and they don't give much at all.

We have either passed FFP, or narrowly missed it. And yet our "lesser" sanctions are wholly out of proportion to the alleged breach. I would like to say think how much worse it could have turned out, But honestly, how could it have been materially worse? How? Short of banning us outright, i don't know how it could have been worse.
They could have put punishments on us that actually changed things, as it is they tried to look harsh whilst doing little.

Put it this way banning me from meat and putting me under house arrest would be harsh off I was a shy vegetarian agrophobe it might make no difference to my life!
 
Re: City & FFP (continued)

lancs blue said:
buckshot said:
City should register the EDS and treat the CL like the League Cup. Let them know that they need City more than City needs them.

I'm sick of seeing this crap - think about the EDS players will you? What fucking good will it do their careers to get hammered 10-0 by Barca, they are the future of City after all.

think_of_the_children.jpg
 
Re: City & FFP (continued)

Here is the story from BBC Sport - with a small piece on PSG at the end..........................it is in Sterling as well. £32M suspended.??

<a class="postlink" href="http://www.bbc.co.uk/sport/0/football/27445475" onclick="window.open(this.href);return false;">http://www.bbc.co.uk/sport/0/football/27445475</a>
 
Re: City & FFP (continued)

Just been given an alternative way of looking at it (slightly redacted):

We've gotten uefa to lay it down in black and white and we're now an elite club. We. Are. In. if dupont wins, we'll have a field day, if he doesn't, we're still an elite club. Our club. So calm down and swallow the shit for now and CTID (and the 2014 double will never die, BOOYAKASHA!).

Still think the same as before, but am calming down a wee bit.
 
Re: City & FFP (continued)

Hamann Pineapple said:
lancs blue said:
buckshot said:
City should register the EDS and treat the CL like the League Cup. Let them know that they need City more than City needs them.

I'm sick of seeing this crap - think about the EDS players will you? What fucking good will it do their careers to get hammered 10-0 by Barca, they are the future of City after all.

think_of_the_children.jpg

I'm glad you agree.
 

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