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

[blueinsa]

Huge summer spend coming up and a few clubs have gone crying that FFP will probably stop them from competing with us, hence the sudden relaxation of the rules is my guess.

 

[Dodge]

As soon as i heard about this impending change my immediate thoughts were "i wonder which club has secretly told UEFA they are likely to break the rules in the near future?" United or Real Madrid would be my guess. It's failed at keeping us and PSG away from the big time, we're both soon to be in a position of strength, with no debt and huge increases in turnover. They've limited our impact for a few years, but from now on that shouldn't be an issue. I think they've realised that's the best they can do and now want to relax the rules so that the United's/Reals/Bayerns can go and spunk everything they have on new players.

Yes, I smell a very big rat as well..

 

[unexpected item]

Hopefully today's news will lead to a reduction in seasoncard prices in the future, and subsequently help fill our expanded stadium.

 

[LoveCity]

Ben Rumsby ‏@ben_rumsby 3m3 minutes ago
Before anyone gets too excited about Uefa FFP rules being relaxed, I'm told the changes are hardly earth-shattering.

Don't know what this means but he has unfortunately been reliable about FFP in the past, breaking a lot of news about it.

 

[everythingchangesbutblue]

Surely psg can't be under any sanctions next season now.

 

[BluessinceHydeRoad]

In The Telegraph:-

The financial fair play rules that saw Manchester City handed a huge fine by Uefa last season are set to be relaxed.
Uefa is expected to announce next month that the FFP rules will be eased to allow more owner investment - a move that will aim to nullify more than 10 legal challenges that the European governing body is now facing.
Some clubs including City have argued that the FFP rules favour the rich, established clubs because they effectively prevent wealthy owners taking over a club and pumping in huge sums of money over a short period.

That scenario happened with City and Paris St Germain, who were both were handed £49million fines and transfer restrictions last season and the European Clubs' Association has been putting pressure on Uefa for a change.
Uefa president Michel Platini has revealed that some of the rules will be "eased" - and the lawyer leading one of the legal challenges against the FFP system has responded by welcoming the move.

Platini told French radio station RTL: "The world is two-faced but we will say this openly: I think we'll ease things, but it will be the executive committee who will decide if it is to be eased or something like that, and the outcome will be known by the end of June.
"I think the regulations have been very good and it is the clubs who voted for FFP.

"But the French press say it is not right that (Chelsea owner Roman) Abramovich can buy many players and in France they can not buy them. But if the Qataris had bought AC Milan the French would also say we should make financial fair play even tougher. As it is, the Italians wanted it eased."
Jean-Louis Dupont, the lawyer leading the legal action against Uefa, said in a statement: "We welcome the announcement of a change in the rules in line with the demands expressed by our clients in their various legal actions.

"When the exact content and scope of these changes are known, we will consider with our clients how this development, which on first sight appears favourable, is likely to meet their legitimate expectations and influence the conduct of ongoing actions."

 

[Gojairu]

Like most sensible fans I hope it is scrapped, or at least changed to address DEBT not investment.

I would also love to see City sue for damages and losses accrued due to the unfair restrictions applied to us this season.

 

[stony]

Rags aren't happy about it.

I hope he enjoys his little brown envelope from Florentino Perez and Sheikh Mansour.

Wonder how much all of them pocketed.

Pathetic really. Just as things were starting to look better with the likes of Juve, Atletico, even Arsenal's resurgence, it's all just going to go to pot. Feckin' shite club like City being able to spend what it wants... Grinds my gears.

Looks like the money bundles has finally found there way into the right pockets at the UEFA headquarters.

As if those cunts are bothered about Arsenal or Juve. They want the fattest wallet and are petrified of City being able to compete.

 

[Bodicoteblue]

From what I could gather from one pundit on the radio, it seems that the major change will be to allow investors to spend as much as they want to, as long as they can show that they actually have the money available, and that they are not begging , borrowing or stealing it!
The sheik may have to dig out some old bank statements.

 

[ancoats]

something stinks about this and I don't think the rule was right in the first place and I think we should take action how can they fine Manchester city £49million for putting money into football ????????

Manchester city are a big club and was never was a little club with a small fan base
we was a club that was run so badly even the 30.000 fans turning up could not help in the old 3rd division its needed a board and new owners that new how to make money by spending it right

let them laugh at the tag Manchester united put on city (LITTLE OLD CITY) in the dark days uefa and the so called big boys in Europe have been talking to fergie and the scum to much from the past and stink we are still going away soon

BUT WE ARE NOT manchester city can hold there own in the world of football both on and off the pitch
it can and will only get bigger and bigger

 

[forevermancity]

Re: City & FFP (continued)

Gotta be great news?!

 

[aguero93:20]

From what I could gather from one pundit on the radio, it seems that the major change will be to allow investors to spend as much as they want to, as long as they can show that they actually have the money available, and that they are not begging , borrowing or stealing it!
The sheik may have to dig out some old bank statements.

Pity this couldn't come about a bit earlier, he could have dug out the one that said he owned Barclays :)

 

[squirtyflower]

From what I could gather from one pundit on the radio, it seems that the major change will be to allow investors to spend as much as they want to, as long as they can show that they actually have the money available, and that they are not begging , borrowing or stealing it!
The sheik may have to dig out some old bank statements.

Or take along the back of his sofa

 

[Tbilisi]

Like most sensible fans I hope it is scrapped, or at least changed to address DEBT not investment.

I would also love to see City sue for damages and losses accrued due to the unfair restrictions applied to us this season.

Im sure part of the negotiations will include us not going after them....I would let it go and wait for the courts to take their course.

If we do accept I think it should be an agreement that is set in stone for a period of time and not subject to change when Gil and his other fcukwits decide to move the goal posts.

Debt on those red twats is more of a concern.

 

[cleavers]

From what I could gather from one pundit on the radio, it seems that the major change will be to allow investors to spend as much as they want to, as long as they can show that they actually have the money available, and that they are not begging , borrowing or stealing it!
The sheik may have to dig out some old bank statements.

Or take along the back of his sofa

He'd probably only need the armchair.

 

[Pam]

So are they giving us our money back?

 

[waspish]

Re: City & FFP (continued)

Associated Press By GRAHAM DUNBAR 12 minutes ago
GENEVA (AP) — UEFA is preparing to ease rules which limit how much Europe's top clubs spend on player transfers and wages.

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President Michel Platini told French broadcaster RTL in comments aired Monday that the UEFA executive committee could relax some Financial Fair Play regulations.

Barely a year after UEFA fined big-spending Manchester City and Paris Saint-Germain 20 million euros ($22.8 million) each for FFP violations, changes could be agreed at a June 29-30 meeting in Prague.

Launched by Platini in 2009, Financial Fair Play was once seen as a threat to expel high-profile clubs from the Champions League.

Instead, the project — which monitors accounts of all clubs that qualify for the Champions League and Europa League — has appeared to protect established clubs with worldwide commercial appeal from challenges by ambitious opponents with wealthy new owners.

The review was explained Monday as needed to "keep pace with the ever-changing football environment and the new challenges that this often poses."

"Any potential changes to the existing regulations will look to encourage more growth, more competition and market stimulation," UEFA general secretary Gianni Infantino said in a statement.

UEFA has had regular talks with European clubs since October about modifying rules which first sanctioned clubs last season for spending above their income from football business.

UEFA and the European Club Association declined to comment Monday on details of any proposals.

One option could be allowing owners to invest more of their own money to chase or sustain success.

¨Paris Saint Germain's French coach Laurent …
In 2009, Platini claimed support from some of Europe's wealthiest club owners — including at Chelsea, AC Milan and Inter Milan — saying they wanted to control spiraling spending.

The Milan clubs, which share the city-owned San Siro stadium, have since fallen behind rivals' commercial income and now fail to qualify for the Champions League.

In addition, the financial rules eventually detailed by UEFA were criticized for protecting high revenue clubs like Chelsea.

Man City and PSG were able to spend heavily signing players after being bought with sovereign wealth from Abu Dhabi and Qatar, respectively.

Both clubs were punished by UEFA in the first round of sanctions last May while winning their national league titles.

UEFA also imposed limits on the clubs' future transfer spending and salary bills, with further 20 million euro ($22.8 million) fines to be activated for breaches.

The threats appeared to block Man City's interest in signing Radamel Falcao from Monaco last offseason. PSG also ended attempts to sign Angel di Maria from Real Madrid.

Both players went to Manchester United which has greater commercial income from a longstanding global reputation.

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In the latest sanctions announced this month, Inter was fined 6 million euros ($6.8 million) and Monaco was fined 3 million euros ($3.4 million).

Infantino cited a success of FFP in helping reduce financial losses for clubs by more than 75 percent since 2011.

 View Comments (1)

 

[Gojairu]

Like most sensible fans I hope it is scrapped, or at least changed to address DEBT not investment.

I would also love to see City sue for damages and losses accrued due to the unfair restrictions applied to us this season.

Im sure part of the negotiations will include us not going after them....I would let it go and wait for the courts to take its course.

Debt on those red twats is more of a concern.

I'm sure we will just take "the pinch" and move on.
It feels like we have been sucker punched by a stranger running past.

The admin costs of all this and the legal costs of the challenges must have been frightening.

Shows what happens when one man is given too much power.

 

[BrianW]

So they might be graciously allowing the Sheikh to invest his own money in his own business. How very generous of them!

 

[feedmpenzaandhewillscore]

The raggies celebrated being the most expensive team to finish fourth yesterday, now we can celebrate common sense finally happening, they will be bankrupted trying to outspend little city.

The top four hopefully won't be a closed shop now, Villa could find new owners, West Ham and Spurs could soon be very attractive acquisitions with their stadium plans.