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

[EalingBlue2]

Re: City & FFP (continued)

Asked this question earlier in the thread and haven't seen a reply;


If we buy 5 players at £25 million each, all on 5 year contracts, does this only count as spending £25 million in total? Or is amortisation of contracts different?

Anybody know?

Or is it, player x costs £25 million and thats off the £50 million or so we're allowed to spend.

In the accounts it would be 25m cos for the p and l , but in spend which is what has been capped it would be £125m

 

[inchy14]

Re: City & FFP (continued)

Asked this question earlier in the thread and haven't seen a reply;


If we buy 5 players at £25 million each, all on 5 year contracts, does this only count as spending £25 million in total? Or is amortisation of contracts different?

Anybody know?

Or is it, player x costs £25 million and thats off the £50 million or so we're allowed to spend.

The £50m limit relates to the transfer fees, not the amortised amounts we would take to the p&l.

So in your example, we would have spent £125m and be £75m over the allowance.

Cheers..

 

[Prestwich_Blue]

Re: City & FFP (continued)

Other thing is the fines, 60m€ in two years, they only hold onto 20m€ if we dont break their rules from now on.

Is there any info on these amounts will mean less income for us in next FFP period? Or they calculate like we would have earnt these incomes?

We still calculate them as income for FFP. We just don't get the cash.

 

[Matty]

Re: City & FFP (continued)

Other thing is the fines, 60m€ in two years, they only hold onto 20m€ if we dont break their rules from now on.

Is there any info on these amounts will mean less income for us in next FFP period? Or they calculate like we would have earnt these incomes?

We still calculate them as income for FFP. We just don't get the cash.

Right, so they count as in incoming revenue item but, as the cash is never actually given to us, they will never be included as an outgoing expense item.

 

[Kippax Street 1880]

Re: City & FFP (continued)

I thought we were completely right on everything and would be taking UEFA to court ?

Can anyone summarise why we have bent over and taken it ?

 

[oakiecokie]

Re: City & FFP (continued)

I thought we were completely right on everything and would be taking UEFA to court ?

Can anyone summarise why we have bent over and taken it ?

Unbelievable Jeff !!!

 

[Matty]

Re: City & FFP (continued)

I thought we were completely right on everything and would be taking UEFA to court ?

Can anyone summarise why we have bent over and taken it ?

City weighed up the benefits of fighting the case in the courts against the reputational damage that may be caused during this process and decided that they would accept the settlement rather than take the reputational hit.

 

[JoeMercer'sWay]

Re: City & FFP (continued)

I thought we were completely right on everything and would be taking UEFA to court ?

Can anyone summarise why we have bent over and taken it ?

because this way we don't have Silva being sent off in next season's competition for being kicked in the skull, and other UEFA condoned initiatives because we've pissed them off.

 

[Kippax Street 1880]

Re: City & FFP (continued)

I thought we were completely right on everything and would be taking UEFA to court ?

Can anyone summarise why we have bent over and taken it ?

Unbelievable Jeff !!!

I'm not reading 856 pages, it doesn't have to be a legal document, just where we fucked up and why we aren't chellenging it.

 

[Prestwich_Blue]

Re: City & FFP (continued)

I thought we were completely right on everything and would be taking UEFA to court ?

Can anyone summarise why we have bent over and taken it ?

There may be all sorts of reasons why. We got extra concessions out of them. It's really only for one year. There's a risk we end up worse off. It doesn't do our brand any good. The Sheikh doesn't want a high-profile case that might damage the image of Abu Dhabi. We've got something else up our sleeve. Etc.