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

https://mobile.reuters.com/article/amp/idUSKBN1J92FF?__twitter_impression=true

Interesting article on how Etihad like the general airline industry is at a loss. Don't think it affects us . Anyone can tell me when the 10 year deal runs out ?

(Reuters) - Etihad Airways is exploring options with Boeing to cancel or defer orders for 777X jets worth billions of dollars in a fresh sign of the carrier's financial strains and potentially squeezing Boeing's newest model, four sources familiar with the matter said.

Etihad, owned by Abu Dhabi, has been reviewing its fleet plans as part of a strategy overhaul launched after a nearly $2 billion loss in 2016.
 
NZBlue said:
Ok, so if they sold Neymar or Mbappe then would that even count towards their 50m shortfall? How could they effectively sell someone before they buy them?
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They've already bought him. There's no such thing as a loan with an obligation to buy, it's really just extended credit terms and UEFA, the lawyers and accountants know it.
 
Jalfraag said:
They've already bought him. There's no such thing as a loan with an obligation to buy, it's really just extended credit terms and UEFA, the lawyers and accountants know it.
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But they aren't in the accounts till next season from the FFP perspective, so would selling them now go into this season's books or next season's?

That was my point
 
NZBlue said:
But they aren't in the accounts till next season from the FFP perspective, so would selling them now go into this season's books or next season's?

That was my point
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How do you know that? UEFA may well insist that it is and they would be correct to do so.
 
NZBlue said:
But they aren't in the accounts till next season from the FFP perspective, so would selling them now go into this season's books or next season's?

That was my point
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There's a loan fee in this seasons accounts afaik. Otherwise it'll be treated as a purchase for this season.
 
I though ffp was over a 3 year period? The 3 years isn't up until next April? Why are UEFA sticking their nose in at this stage? Only thing I can imagine is they have said psg's sponsorship's are related/to much and have downgraded them again, even back dated them?
 
Murph said:
I though ffp was over a 3 year period? The 3 years isn't up until next April? Why are UEFA sticking their nose in at this stage? Only thing I can imagine is they have said psg's sponsorship's are related/to much and have downgraded them again, even back dated them?
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They looked at 15-18 early at the behest of Barcelona and Madrid who were throwing a hissy fit.
 
Murph said:
I though ffp was over a 3 year period? The 3 years isn't up until next April? Why are UEFA sticking their nose in at this stage? Only thing I can imagine is they have said psg's sponsorship's are related/to much and have downgraded them again, even back dated them?
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Yep your right they shouldnt be sticking the nose in till next season but the history clubs and the 2 Spanish clubs went crying to uefa!!

On another point they be in trouble next season as he tweeted


RT @ben_rumsby: UEFA decision to close FFP investigation into PSG does NOT absolve them over the Neymar and Mbappe transfers. The period under investigation predated those deals, which are still being looked at.
 
As far I understand it PSG has to produce a total of 150 million Euros in transfer plus within 12 months. Of that 60 million within 2 weeks. That is tough now that it is all public.
 
Jazzman said:
As far I understand it PSG has to produce a total of 150 million Euros in transfer plus within 12 months. Of that 60 million within 2 weeks. That is tough now that it is all public.
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It's going to be really galling if one of the architects of FFP are going to benefit from PSG's inevitable forced sales. From City's point of view that is what is bothering me. Cash rich Premiership clubs can pick them off. I haven't heard any rumours yet as to who the players are but no doubt the French press will go into overdrive now
 
razman said:
https://mobile.reuters.com/article/amp/idUSKBN1J92FF?__twitter_impression=true

Interesting article on how Etihad like the general airline industry is at a loss. Don't think it affects us . Anyone can tell me when the 10 year deal runs out ?

(Reuters) - Etihad Airways is exploring options with Boeing to cancel or defer orders for 777X jets worth billions of dollars in a fresh sign of the carrier's financial strains and potentially squeezing Boeing's newest model, four sources familiar with the matter said.

Etihad, owned by Abu Dhabi, has been reviewing its fleet plans as part of a strategy overhaul launched after a nearly $2 billion loss in 2016.
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They just leased a chunk of their pilots to Emitates (a competitor???), because Emirates needs pilots and Etihad is grounding aircraft.

Doesn’t sound like how free market competition works to me, but then the Middle East and free markets are not always on the same sheet of music!
 
ChicagoBlue said:
They just leased a chunk of their pilots to Emitates (a competitor???), because Emirates needs pilots and Etihad is grounding aircraft.

Doesn’t sound like how free market competition works to me, but then the Middle East and free markets are not always on the same sheet of music!
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Isn’t mansours father in law the top boss at emirates?
 
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