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

[Hart of the Matter]

Re: City & FFP (continued)

They raised the draw bridge. We got in but caught our tail init as it closed. No harm done but a bit painful. Now we are in I hope we try and work from the inside to get the drawbridge lowered again and don't just join the cartel in manning the barricades.

 

[Hart of the Matter]

Re: City & FFP (continued)

Morning Blues. Main points.
We have been fined but get most of it back
We have been capped on our transfers - but we can still spend shit loads
We have a salary freeze - but it is based on our highest ever figure which has reduced considerably
We have a limit on our squad size - but can still use as many under 21s as we like.

IF the HG rule is still 8 players we will face at least 3 big name players excluded (this is our only practical problem) if HG rule is proportional we should be OK.

 

[Newman Noggs]

Re: City & FFP (continued)

"Peace in our time" ! The club has acted pragmatically in accepting this but I hope that they are preparing for more attacks particularly on the domestic front. In my view, the redshirts will be back.

 

[Hart of the Matter]

Re: City & FFP (continued)

End Game:
We have seen a big media swing on this debate in our favour - take a bow Neville, Curtis, Samuel and Nial.
We have not accepted the argument from UEFA but accepted the outcome in good grace
We can no longer be called big spenders and may actually pick up some sympathy votes
Fans from other clubs realising they are now fck by FFP and have had their dreams popped
The world is now talking about us and our campus - big time

 

[Thenumber1blue]

Re: City & FFP (continued)

Just woke up to this.

No surprise. Very brief summary from what I can see from the BBC site and which seems a decent summary, relying upon the club's own statement.

The club were always going to do a deal [as I have said for several days now]. It is not in the Arab nature to engage in litigation and, in this instance, it makes no business sense. Better to have a cut off now and move on. Winning the PL was probably the cherry on the cake and will, overall, cover the net euro 17m fine.

it seems highly likely that MCFC will break even for next season.

Of this Euro 49 m fine, 32m is suspended. Presumably, not payable if we play along from now on [which we will].

The club say they were only going to use 21 players in the LC anyway.

They also say that wages were not going to increase in any event.

Finally, MCFC say that the net 49m on transfers was all they were planning to spend this summer as a maximum!

So, I think that AUDG will be quietly happy about all this and, as others have said, FFP will ultimately benefit MCFC more than any other club. You will look back and see how FFP is now dead in the water from our perspective.

Just think how Platini will be crying today, He tried his best for the cartel but it's all over now.

Therefore, for me, excellent news! Now can we move back to football matters. Cheers. CTID

I agree ,i'm well happy with the outcome.I can see why some people would be aggrieved,with the leniency over racists ,match fixing etc etc but it will eventually work in our favour.

 

[sir baconface]

Re: City & FFP (continued)

Congratulations to UEFA.

They succeeded in making their principles stick. Nobody seriously opposed them or mounted a legal test.

We now have to curb transfer expenditure to £49m net and keep basic salaries under reasonable control. The club claims we would have done this anyway to achieve our business plan.

We must look to bring on a few more "home-grown" players rather than import ready-made stars. That was the aim of the academy all along.

Is the world a much worse place this morning? It will be more difficult for a new City or PSG but we got to the top table in time.

Pragmatism rules OK.

 

[EalingBlue2]

Re: City & FFP (continued)

Congratulations to UEFA.

They succeeded in making their principles stick. Nobody seriously opposed them or mounted a legal test.

We now have to curb transfer expenditure to £49m net and keep basic salaries under reasonable control. The club claims we would have done this anyway to achieve our business plan.

We must look to bring on a few more "home-grown" players rather than import ready-made stars. That was the aim of the academy all along.

Is the world a much worse place this morning? It will be more difficult for a new City or PSG but we got to the top table in time.

Pragmatism rules OK.

We do have an home club trained issue we need to address though this was the same before this ruling as it was an issue in the 25 squad.

 

[cibaman]

Re: City & FFP (continued)

The key point is that the club seem to think its a one off that will not prevent us from complying with FFP in future years.

If, shortly after the takeover when the cartel where issuing dire warnings about the impact of FFP on City, they had simply said that in future there would be an entry fee of £20-50m to join the CL coupled with a one year restriction on the squad size, we would probably grumbled about the ethics and legality but would have been more than happy to pay the membership fee.

 

[bluegonads]

Re: City & FFP (continued)

bit of a relief that it's all over.
but is it?
we all thought, club included, that we would pass FFPR and yet we did'nt.
when we were named as one of the clubs that had failed, many said that we would 'get off with it' or the rumoured punishment would be drastically reduced.
someone acting for the clubs accounts got it wrong, now we have a statement from 'someone' saying that we are not happy but will go along with the punishment, we don't expect to hurt much, the futures looking good anyway (words along those lines)
can we believe that?
who is going to be entrusted that our future accounts will be correct next time?..... i dread to think something like this could be repeated.

 

[laserblue]

Re: City & FFP (continued)

I've slept on this and my initial outrage soon evaporated when all the facts are considered. £8 million tranches of CL prize money withheld for each of two seasons and, er, that's it. Welcome to the G15 City. Tough shit on the likes of Everton who have been pro-FFP all along. Serves them right.

And for those who now say that Ed Thompson was right, well he was completely wrong on the RPT issue which he insisted City would get fucked over with.