Yep, here you go :- http://www.mcfc.co.uk/News/Club-news/2014/May/Club-statement-16-MayTOFTHELADS said:can someone summarise this lot please..............
Decision of the Chief Investigator of the CFCB Investigatory Chamber: Settlement Agreement with Manchester City Football Club Limited
Following an investigation under the UEFA Club Licensing and Financial Fair Play Regulations (“CLFFPR”) a settlement agreement was concluded ...
Rammyblues said:I know this might be a little far fetched but suppose these FFPs are deemed illegal etc etc. Do you think that UEFA would just take their ball home and say look we tried to be inclusive (stretching it I know) but instead simply go down the route of a super league by invite only and we obviously would be on the outside and form a breakaway as originally they had intended.
ColinLee said:Yep, here you go :- http://www.mcfc.co.uk/News/Club-news/2014/May/Club-statement-16-MayTOFTHELADS said:can someone summarise this lot please..............
Decision of the Chief Investigator of the CFCB Investigatory Chamber: Settlement Agreement with Manchester City Football Club Limited
Following an investigation under the UEFA Club Licensing and Financial Fair Play Regulations (“CLFFPR”) a settlement agreement was concluded ...
On the grounds that as supporters, FFP encourages ticket price hikes over owner investment?Cobwebcat said:DuPont is my hero and Martin Samuel too.
DuPont seems to be encouraging us all to take this FFPR and HG nonsense to ECJ as the clubs can't.
Bluemoon whipround? :-)
ColinLee said:Yep, here you go :- http://www.mcfc.co.uk/News/Club-news/2014/May/Club-statement-16-MayTOFTHELADS said:can someone summarise this lot please..............
Decision of the Chief Investigator of the CFCB Investigatory Chamber: Settlement Agreement with Manchester City Football Club Limited
Following an investigation under the UEFA Club Licensing and Financial Fair Play Regulations (“CLFFPR”) a settlement agreement was concluded ...
A settlement agreement is a legal framework that can't be moved. If we hit their targets and follow their stipulations about the 2nd line sponsorships, and the Group Related Transactions there's nothing they can do.MrE said:Is it just my suspicious mind or are they hedging there bets in regard to how they screw us over next season
UEFA version
Manchester City agrees to significantly limit spending in the transfer market for
seasons 2014/2015 and 2015/2016. Manchester City further accepts a calculated
limitation on the number of new registrations it may include within their “A” List
for the purposes of participation in UEFA competitions. This calculation is based
on the clubs net transfer position in each respective registration period covered by
this agreement.
City Version
The Club’s expenditure on new players for the upcoming summer transfer window, on top of income from players it might sell, will be limited to 60m euros. This will have no material impact on the Club’s planned transfer activity.
UEFA VERSION
Manchester City accepts that employee benefit expenses cannot be increased
during the next two financial periods (2015 & 2016). If Manchester City meets the
annual break-even requirements outlined above, this spending limit will be
removed for the 2016 financial period
City Version
The wage bill of the whole club (playing and non-playing staff) for 2014-15 will need to remain at the same level as that of 2013-14 season. It is important to note that additional bonuses for performances can be paid outside this number. Importantly, in reality, the existing MCFC business plan sees a natural decline in that wage bill.
Uefa Version
Manchester City agrees to pay a total amount of EUR 60 Mio. which will be
withheld from any revenues it earns from participating in UEFA competitions
commencing in season 2013/14. Of this EUR 60 Mio. an amount of EUR 40 Mio.
will be withheld conditionally and will be returned to Manchester City if the club
fulfills the operational and financial measures agreed with the UEFA CFCB.
City Version
MCFC will lose 10m Euros of its share of income from UEFA for competing in the Champions League completion in season 2013-14.
- MCFC will lose 10m Euros of its share of income from UEFA for competing in the Champions League for season 2014-15
NOTE NO MENTION OF "DEPOSITED 40 MILLION
UEFA VERSION
Furthermore Manchester City agrees that revenues from the sale of assets within
their group structure will not be included in future break-even calculations.
(SHITHOUSES !!!!)
City Version
Given the unique nature of the new City Football Group structure – which incorporates MCFC, New York City, Melbourne Heart and a number of other companies, the Club has agreed to certain non-material terms in order to make FFP reporting as easy as possible for UEFA to discern.
I don't think this is over by a long way. I see the fight just beginning now we appear to have accepted a sanction at all
City fans urged to challenge FFP by top lawyer
May 19, 2014 22:30
By Stuart Brennan
And Belgian lawyer Jean-Louis Dupont says the UEFA ruling would be thrown out in a law court and believes the Blues fans should fight their punishment.
Manchester City should fight their FFP punishment in the courts, according to a top lawyer.
Belgian lawyer Jean-Louis Dupont has urged City fans – and supporters of other clubs hit by the penalties - to join the action he is pursuing through the European courts on behalf of an Italian football agent.
Dupont is the man who turned the world of football upside down by winning a case on behalf of footballer Jean-Marc Bosman to allow players to move on free transfers at the end of their contracts.
City have been hit with a £49million fine, and are subject to a wage and transfer cap and a restriction to a 21-man squad for next season’s Champions League.
Dupont says the Uefa rules miss their target: “FFP sounds good,,” he said. “Who wouldn’t support good governance and fairness of the game? But when you scratch the surface, the break-even rule is no more than a prohibition to invest.
“Uefa prohibits the owner of a club to spend his own money in the club, at least to buy players, in order to make it grow and to challenge the established top dogs.
“Today, with this rule, Roman Abramovich could not build his Chelsea project and turn it into one of Europe’s top clubs.
“In other words, the rule ossifies the market structure. The few top European clubs will remain the same forever -- there will be no new kid in town.”
Dupont also argues that the squad restrictions they have placed on City and other clubs contravene European labour laws.
“The whole Uefa home grown player system violates EU law,” he said.
“This rule violates free movement of workers and harms free competition without solid justification.
“In other words, if any club or player challenges this rule tomorrow in court, the judge -- based on EU law -- will have no choice but to declare this Uefa rule null and void.”
Dupont said fans, and sponsors, could join his action and block the rules: “They could even ask the Brussels judge to stay the execution of the Uefa FFP regulation -- and of the sanctions based on it - until he renders his judgment on the merits.
jrb said:A must read. <a class="postlink" href="http://www.readbutneverred.com/fatuous-fraud-platini-ffp/" onclick="window.open(this.href);return false;">http://www.readbutneverred.com/fatuous- ... atini-ffp/</a>