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

Re: City & FFP (continued)

gordondaviesmoustache said:
Just woken up .............. .................. It really is as simple as that.

Just to say, excellent post and I couldn't agree with you more.

I am trusting that, having dealt with this, and if we have the continued success we expect, with some renegotiation of future sponsorship contracts at the levels which some of our competitors have achieved lately, we should never be in this position again in the future. Having been penalised as we have, whilst it's very annoying and frustrating, as a fan I feel it's a small price to pay for the success we've had, and am just incredibly glad that we were lucky enough to attract the best benefactor any team could ever have, who has managed to elevate us into the position of superiority we hold today. 50 years of supporting City, and I never thought I'd see these days again in my lifetime.
 
Re: City & FFP (continued)

You just know when City break even this year, EUFA and Twatini will proclaim that is because of FFP and not due to the natural trajectory City were on anyway!
 
Re: City & FFP (continued)

the blue panther said:
gordondaviesmoustache said:
Just woken up .............. .................. It really is as simple as that.

Just to say, excellent post and I couldn't agree with you more.

I am trusting that, having dealt with this, and if we have the continued success we expect, with some renegotiation of future sponsorship contracts at the levels which some of our competitors have achieved lately, we should never be in this position again in the future. Having been penalised as we have, whilst it's very annoying and frustrating, as a fan I feel it's a small price to pay for the success we've had, and am just incredibly glad that we were lucky enough to attract the best benefactor any team could ever have, who has managed to elevate us into the position of superiority we hold today. 50 years of supporting City, and I never thought I'd see these days again in my lifetime.
Had things worked out differently this last couple of seasons, we could be in a right pickle this morning.

Instead we have survived and how! We sit here this morning with the sun shining, the birds chirping, and having taken the best shot that the combined forces of our enemies could muster as Champions. It is a hit. But it's a standing count.

I don't think UEFA and Platini are the enemy that some make out, it's more the architects of FFP and clubs like Arsenal who put a lot of public pressure on UEFA.

Come on Hull!

Hope to see Arsenal knocked out of the Champions League qualifiers
 
Re: City & FFP (continued)

gordondaviesmoustache said:
Just woken up with the mother of all hangovers and I would say my feelings about this outcome are broadly positive, for City at least. It seems from cursory glances at previous pages from last night that many are disappointed that we have declined to become torch-bearers for the wider interests of clubs like Everton and Villa, but that was never going to happen. Such an expectation was unrealistic given the scale of the investment in this football club and the likely prospects of success. Perhaps any notions of such a crusade were ended when the likes of Everton and Spurs willingly voted in FFP in the Premier League, which we conspicuously did not. I expect our feelings of empathy for those that didn't, like Villa, weren't sufficient for the club to jeapordise the enduring success of the 'project' at such a decisive moment in its realisation. Principled stances are rarely assumed against an undiluted backdrop of altruism, but rather when an individual or corporate entities interests are unlikely to be hampered unduly by assuming such a position. I have, on occasion in my working life, tried to help others out, possibly by suggesting them for job interviews to colleagues for certain positions for example, but I only did so at a time and in a way that meant my interests were not undermined in any way. If I felt at any time that they may have been, I wouldn't have uttered a word. It seems City have evaluated things along similar lines and given the scope and aims of the project it was always unrealistic for people to expect any other outcome.

I believe this has been accepted on the basis that the Etihad deal isn't an RPT and that in any event it most certainly represents fair value. On that basis the other, seemingly ad hoc aspects of our last accounts, which seem to have been the cause of our failure FFP, are of little use to the club in further years. The club clearly feels that the Etihad deal was the deal-breaker, partly because any other outcome would have conspired to undermine the club's integrity beyond the bounds of tolerance and also because it would have prevented the club being masters of its own destiny going forward. As it now seems to stand the Etihad deal is bona fide and free to be renegotiated upwards, as it is clearly now undervalued. In that sense the club will have shrugged its corporate shoulders and realised the futility of fighting battles on other fronts. Moreover they will have done that against the backdrop of the knowledge of what other deals are in the pipeline, upon which we will doubtless hear more in the next few months in the lead up to the opening of the training complex.

My overriding concern in football is that of Manchester City. Everything else comes a very distant second and I have sufficient faith in those that run our club, based on all that they have delivered so far, to state with absolute confidence that they wouldn't ave struck this deal if it wasn't in the club's best interests. Given the journey they have taken this club on in the last (just shy of) six years, I am struggling to see how anyone could properly arrive at any other conclusion. They have absolutely delivered hitherto and had significantly more facts and information at their disposal in relation to this, both internal and external to the club, than anyone posting on this thread. On that basis they absolutely deserve the benefit of any doubt that some might have that this was the right decision for City.

It might not be the best decision for the soul of football, but you've got to choose your battles. Anyone expecting the club not to ultimately act in its own best interests, given the might of what we are up against, was always going to be crushingly disappointed at this stage. Getting in before the drawbridge went up is an analogy that is always used when describing City's relationship to FFP and I've always thought of it as one with considerable force. Imagine, if you will, someone holding on to a drawbridge as it is bing raised. In the course of being there he may have sacrificed a great deal, he may have helped others. But at that moment, when faced with the consequences of not scrambling over the top as it closes upon the wider world, what are his primary thoughts? Are they about helping others? No they are not. In that situation his principal concern is survival and getting over before it closes and to deal with the whys and wherefores afterwards. That is what City were faced with in the last couple of weeks and they've made the right decision in their best interests. It really is as simple as that.

Great stuff, GDM.

If this is what you produce with a hangover, I shall PM Ric to increase your refreshments allowance.
 
Re: City & FFP (continued)

gordondaviesmoustache said:
Just woken up with the mother of all hangovers and I would say my feelings about this outcome are broadly positive, for City at least. It seems from cursory glances at previous pages from last night that many are disappointed that we have declined to become torch-bearers for the wider interests of clubs like Everton and Villa, but that was never going to happen. Such an expectation was unrealistic given the scale of the investment in this football club and the likely prospects of success. Perhaps any notions of such a crusade were ended when the likes of Everton and Spurs willingly voted in FFP in the Premier League, which we conspicuously did not. I expect our feelings of empathy for those that didn't, like Villa, weren't sufficient for the club to jeapordise the enduring success of the 'project' at such a decisive moment in its realisation. Principled stances are rarely assumed against an undiluted backdrop of altruism, but rather when an individual or corporate entities interests are unlikely to be hampered unduly by assuming such a position. I have, on occasion in my working life, tried to help others out, possibly by suggesting them for job interviews to colleagues for certain positions for example, but I only did so at a time and in a way that meant my interests were not undermined in any way. If I felt at any time that they may have been, I wouldn't have uttered a word. It seems City have evaluated things along similar lines and given the scope and aims of the project it was always unrealistic for people to expect any other outcome.

I believe this has been accepted on the basis that the Etihad deal isn't an RPT and that in any event it most certainly represents fair value. On that basis the other, seemingly ad hoc aspects of our last accounts, which seem to have been the cause of our failure FFP, are of little use to the club in further years. The club clearly feels that the Etihad deal was the deal-breaker, partly because any other outcome would have conspired to undermine the club's integrity beyond the bounds of tolerance and also because it would have prevented the club being masters of its own destiny going forward. As it now seems to stand the Etihad deal is bona fide and free to be renegotiated upwards, as it is clearly now undervalued. In that sense the club will have shrugged its corporate shoulders and realised the futility of fighting battles on other fronts. Moreover they will have done that against the backdrop of the knowledge of what other deals are in the pipeline, upon which we will doubtless hear more in the next few months in the lead up to the opening of the training complex.

My overriding concern in football is that of Manchester City. Everything else comes a very distant second and I have sufficient faith in those that run our club, based on all that they have delivered so far, to state with absolute confidence that they wouldn't ave struck this deal if it wasn't in the club's best interests. Given the journey they have taken this club on in the last (just shy of) six years, I am struggling to see how anyone could properly arrive at any other conclusion. They have absolutely delivered hitherto and had significantly more facts and information at their disposal in relation to this, both internal and external to the club, than anyone posting on this thread. On that basis they absolutely deserve the benefit of any doubt that some might have that this was the right decision for City.

It might not be the best decision for the soul of football, but you've got to choose your battles. Anyone expecting the club not to ultimately act in its own best interests, given the might of what we are up against, was always going to be crushingly disappointed at this stage. Getting in before the drawbridge went up is an analogy that is always used when describing City's relationship to FFP and I've always thought of it as one with considerable force. Imagine, if you will, someone holding on to a drawbridge as it is bing raised. In the course of being there he may have sacrificed a great deal, he may have helped others. But at that moment, when faced with the consequences of not scrambling over the top as it closes upon the wider world, what are his primary thoughts? Are they about helping others? No they are not. In that situation his principal concern is survival and getting over before it closes and to deal with the whys and wherefores afterwards. That is what City were faced with in the last couple of weeks and they've made the right decision in their best interests. It really is as simple as that.
I wish I could write like you fella and you are still pissed.

You sum it all up perfectly.

Thank you.
 
Re: City & FFP (continued)

Marvin said:
the blue panther said:
gordondaviesmoustache said:
Just woken up .............. .................. It really is as simple as that.

Just to say, excellent post and I couldn't agree with you more.

I am trusting that, having dealt with this, and if we have the continued success we expect, with some renegotiation of future sponsorship contracts at the levels which some of our competitors have achieved lately, we should never be in this position again in the future. Having been penalised as we have, whilst it's very annoying and frustrating, as a fan I feel it's a small price to pay for the success we've had, and am just incredibly glad that we were lucky enough to attract the best benefactor any team could ever have, who has managed to elevate us into the position of superiority we hold today. 50 years of supporting City, and I never thought I'd see these days again in my lifetime.
Had things worked out differently this last couple of seasons, we could be in a right pickle this morning.

Instead we have survived and how! We sit here this morning with the sun shining, the birds chirping, and having taken the best shot that the combined forces of our enemies could muster as Champions. It is a hit. But it's a standing count.

I don't think UEFA and Platini are the enemy that some make out, it's more the architects of FFP and clubs like Arsenal who put a lot of public pressure on UEFA.

Come on Hull!

Hope to see Arsenal knocked out of the Champions League qualifiers
Hopefully the announcement will distract Whinger somewhat today. I'm waiting with baited breath for his next pronouncements on City and FFP.
 
Re: City & FFP (continued)

Let's sum up things that have happened in this damning assault by UEFA:

  • City have had to agree not to increase their wage bill. This sanction lasts for one year. I believe we can probably manage this.
  • City won't be given £6m of money from UEFA this year and £6m next year. That's about what we'll make from our US tour this year. Expect a wave of sold out Abu Dhabi friendlies next summer.
  • City will only register 21 players for the CL. This lasts for one year. Bit tricky but as others have pointed out, not too far fetched we'll not be badly crippled by this.
  • City are only allowed to lose £12m one year and £6m the next. City have already said they'll break even.
  • City are only allowed to spend £50m net in the summer. This will only last this summer and we can do what we like in January. City say this doesn't affect them at all.

This is the best line in the whole thing and tells you what you need to know:

Importantly all non-financial sanctions agreed to would have been complied with as a natural course of the Club’s planned business operations.

What have they actually done here that punishes us significantly? The one season player restriction is the only thing that is remotely difficult for us
 
Re: City & FFP (continued)

gordondaviesmoustache said:
...I believe this has been accepted on the basis that the Etihad deal isn't an RPT and that in any event it most certainly represents fair value. On that basis the other, seemingly ad hoc aspects of our last accounts, which seem to have been the cause of our failure FFP, are of little use to the club in further years. ...
An important question on the disallowed wage costs is whether we could have done anything differently had we accepted the final UEFA position from the outset. I suspect we couldn't have passed the FFP test no matter what we did unless portions of the renegotiated pre 2010 contracts were allowed to be discounted. On that basis we did the best we could, allowing contracts for our top players to run down was not an option.

The other key question is whether our transfer plans have actually been disrupted in spite of what we say. It crucially depends if UEFA reduce our foreign trained contingent by 4 to 13 by insisting on 8 association/club trained players in the 21. That would mean that 3 of our current 16 foreign trained players (or their direct replacements) weren't eligible for CL next season. In practice Pantilimon could be replaced by Willy but there would be no room for Mangala, Sagna or Fernando in that situation. The best we can hope for it seems is that it would be a pro-rata reduction - 2 foreign-trained and 2 association-trained places Still very difficult contractual questions to resolve even then.
 
Re: City & FFP (continued)

I think we are all being played, it smacks of Uefa and City being in bed over this all along?

All window dressing, keeps the G14 from turning on Uefa, plastic enough sanctions for City to more than work around them.
 

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