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

[Noisy Blue]

Re: City & FFP (continued)

You can also win all the battles and lose the war.

Name one

Pyrrhus of Epirus

Hannibal during his time in Italy also.
And of course Robb Stark.

 

[halfcenturyup]

Re: City & FFP (continued)

The accounts will show revenue of 30 million I imagine, which will boost our revenues, with the 10 million "fine" shown as a non-operating expense. Sounds like a result to me. So they will be disallowing the cost of the fine they gave from their own calculations, which is a little weird.

The whole concept of fining a club for making a loss as a way of protecting it from financial problems is ridiculous of course. There can be many ways a club can lose money, and it is the height of absurdity to fine them on top. It only make sense if they know the owner can pay it, which isn't about financial stability, it's about protectionism.


As for the third party IP sale, that must have been disallowed surely to get the FFP loss above the 80 million threshold where we can't deduct the old wages?

I was quoting from what the MEN was reporting.

The MEN in their summary say • but my reading of the club statement is that it's just transactions within the group that are excluded.

Transactions within the group are related party transactions by definition.

Some more good news - the withholding of prize money does not reduce our revenue, according to UEFA. We can still take credit for all revenues earned.

So even though they would with hold £10 million of for example, £30 million CL prize money next season, for FFP purposes we still earn £30 million? Not £20m?

 

[Marvin]

Re: City & FFP (continued)

Regarding the question about monitoring periods..............

From UEFA's statement

For the duration of the settlement, Manchester City will be subject to on-going restrictions which have been agreed by the club and which are described further below.

A central purpose of the settlement is to ensure that Manchester City becomes break- even compliant within the meaning of the CLFFPR in a short space of time.
 In this regard, Manchester City undertakes to report a maximum break-even deficit of EUR 20 Mio. for the financial year ending in 2014 and a maximum break- even deficit of EUR 10 Mio. for the financial year ending in 2015.

 

[Thaksinssoldier]

Re: City & FFP (continued)

Anyone understand why SSN are reporting a48.7m fine? Bears no resemblance to the club statement?

£ rather than EURO

This is done all the time, especially with transfer fees. Journos cant tell the difference between a £ and a € so just go with the £. This then looks bigger, and another journo will do the same but quote the number as €, and then another journo will convert it into £.

This is how Tevez and Yaya ended up costing us £100 million each if you believed the muppet journos.

 

[Corky]

Re: City & FFP (continued)

The salary freeze for two seasons may be the worst part.

City spend to the limit for 21 players then were do the other 4 come from?

 

[mac]

Re: City & FFP (continued)

There is a lot to Digest but for me the true barometer if it's a good or bad deal is to switch on sky sports.if we were well and truly in the shit they would be running with it every 2 minutes.chill out and lets see what the summer brings. The future is blue

 

[Skashion]

Re: City & FFP (continued)

Name one

Pyrrhus of Epirus

Hannibal during his time in Italy also.
And of course Robb Stark.

In fairness, he said name one so I went with the father of the Pyrrhic victory, which would be Pyrrhus funnily enough.

 

[BertTrautmann'sParachute]

Re: City & FFP (continued)

I was quoting from what the MEN was reporting.

The MEN in their summary say •

The club has also agreed that revenues from the sale of image rights to related parties will not be included in future break-even calculations

but my reading of the club statement is that it's just transactions within the group that are excluded.

Transactions within the group are related party transactions by definition.

Some more good news - the withholding of prize money does not reduce our revenue, according to UEFA. We can still take credit for all revenues earned.

Christ, that's hilarious!

 

[Prestwich_Blue]

Re: City & FFP (continued)

okay, hang on a sec.

PB can you clarify two things for me here?


By accepting this fine:

1. We are now free of the 3 year aggregate monitoring, so in essence our worst year is now null & void and we are now being monitored on 2 standalone years?

2. FFP takes a fine from our winnings, but we can still declare this as revenue?

If these are correct, FFP is a farce and we'd have been mad NOT to have accepted it now.

That's spot on. Great isn't it?

 

[Thaksinssoldier]

Re: City & FFP (continued)

okay, hang on a sec.

PB can you clarify two things for me here?


By accepting this fine:

1. We are now free of the 3 year aggregate monitoring, so in essence our worst year is now null & void and we are now being monitored on 2 standalone years?

2. FFP takes a fine from our winnings, but we can still declare this as revenue?

If these are correct, FFP is a farce and we'd have been mad NOT to have accepted it now.

That's spot on. Great isn't it?

I'm actually quite stunned at that.