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

Re: "City face Euro Expulsion"

Just to get things straight, as I understand it:

1) We've got to fail FFP.
2) We have to be sanctioned for (1).
3) The sanction has to be one that we find unacceptable.
4) We've got to agree a plea bargain.
5) An interested party has to challenge that.
6) The challenge has to be successful.

Strictly speaking (1) will happen but if everything is kosher then (2) won't. (3) to (6) then become irrelevant.
 
Re: "City face Euro Expulsion"

Can someone explain how this makes sense:

Under the rules, which cover the most recent two years of annual accounts, Chelsea would meet the criteria by virtue of their £1.4m profit in 2012, even though they then lost £49.4m in 2013.
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Quelle et le difference?

If pre-2010 wages are £80m we make a "profit" this year,

Tevez was costing us nearly £20m a year on accounting terms (wages + amortisation)
With the sale of balotelli, new contracts for silva and toure amortisation costs further down.
£80m summer 2013 spend adds about £20m/year. Wages for all 5 supposed to be same as just for Mario and Carlos.

Therefore highly likely we have actually cut costs this year compared to last

Big problem with FFP reporting is lack of appreciation of accounting principles.

Chelsea selling mata and de bruyne and purchase of 4 players made out to be at a profit but those 2 were not on high wages therefore costs of the 4 are actually more than the 2
 
Re: "City face Euro Expulsion"

FFP has a lot to answer for ..... £60 for a Footy Shirt ........ UFFA barstards!!
 
Re: "City face Euro Expulsion"

Prestwich_Blue said:
Just to get things straight, as I understand it:

1) We've got to fail FFP.
2) We have to be sanctioned for (1).
3) The sanction has to be one that we find unacceptable.
4) We've got to agree a plea bargain.
5) An interested party has to challenge that.
6) The challenge has to be successful.

Strictly speaking (1) will happen but if everything is kosher then (2) won't. (3) to (6) then become irrelevant.
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That's what I'm saying. But the press go big on 5 = clubs will gang up on us ....and that has sent a lot of blues off hating these mythical clubs and wanting a big fight over something that hasn't happened. For the press job done!
 
Re: "City face Euro Expulsion"

My main annoyance about FFP is it is so obviously aimed at us but you can't prove it. When Chelsea got taken over and spunked the cash and won the league x number of times nothing was said. The minute we did it's suddenly a disgrace that must be stopped by bringing in new laws which not only stop us but any other small club from being bought and invested in. I can't wait for it to fail to shut every single person who says we "ruined football" when they'd been at it for years themselves.
 
Re: "City face Euro Expulsion"

Chelsea are actually in a bit of trouble this year as far as FFP goes.

We can use the June 2010 wage exemption because we have shown a positive flow in our accounts. We lost £100m the first year and £50m the next.

Chelsea made £2m the first year and lost £50m the second year so they are moving in the wrong direction thus ccan't use the June 2010 wage exemption. If they do not break even this year (and they've already spent £109m on players), they will fail MP2. One of the major reasons Mata had to go before the end of the season (and financial year in May), to try and reclaw some of that money
 
Re: "City face Euro Expulsion"

I would love to see them try... Not a chance in hell that they'd be able to ban us. It'd only end in disaster for UEFA!
 
Re: "City face Euro Expulsion"

oakiecokie said:
The wording from the papers actually states two words that some people have missed ,"could" and "may" !!
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I'm not sure many have missed them, just ignored them as irrelevant, personally I find the whole thing purely laughable.

ADUG had it covered before UEFA announced it.

As I said above, imagine if we won the CL this year, or were runners up (even semi finalists), while we won the PL. and they tried to ban us, firstly they be laughed around Europe, and when we took them to legal proceedings (and mentioned PSG or Monaco) they'd look incredibly f**king stupid.
 
Re: "City face Euro Expulsion"

RandomJ said:
My main annoyance about FFP is it is so obviously aimed at us but you can't prove it. When Chelsea got taken over and spunked the cash and won the league x number of times nothing was said. The minute we did it's suddenly a disgrace that must be stopped by bringing in new laws which not only stop us but any other small club from being bought and invested in. I can't wait for it to fail to shut every single person who says we "ruined football" when they'd been at it for years themselves.
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.... its cos Abramovich only had £10bn, Mansour had £55bn. UEFA had £11bn and couldn't see how they'd make the other £44bn from corruption and bribery alone .....
 
Re: "City face Euro Expulsion"

FFP actually started development in 2003, the same year as the Chelsea takeover
 
Re: "City face Euro Expulsion"

cleavers said:
Bert Trautmann's Parachute said:
Why are people getting over-exercised by this? It's bollocks.
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No idea, its laughable.
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its saturday ... nowt on telly and i'm not allowed to drink ... gotta do something lol
 
Re: "City face Euro Expulsion"

RandomJ said:
My main annoyance about FFP is it is so obviously aimed at us but you can't prove it. When Chelsea got taken over and spunked the cash and won the league x number of times nothing was said. The minute we did it's suddenly a disgrace that must be stopped by bringing in new laws which not only stop us but any other small club from being bought and invested in. I can't wait for it to fail to shut every single person who says we "ruined football" when they'd been at it for years themselves.
Click to expand...
I think Chelsea were definitely the thing that got them planning FFP, but obviously it was too late to do anything about Chelsea. Unfortunately for them, it's also come a bit late to stop us too, but long term, it definitely stops future threats to their dominance.

As for Chelsea, well it's not a massive surprise that this comes out the day before we play them, even though they've never (for obvious reasons) gone on the offensive about other teams' finances in thee past. It seems that some at Chelsea didn't want to be seen to be a hypocrite. But we all know Mourinho has no problem being a hypocrite.
 
Re: "City face Euro Expulsion"

chicagoblues said:
The wise arse who came up with idea of playing level field is the most stupid short sighted person .FFp is a mess.
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spot on. It's a team sport that involves a great amount of skill. It can never be fair as skills come at a price. Always have always will. If I wanted to watch a sport that was based on pure commitment and no skill then I would watch a marathon every week. I have great respect for athletes but that would bore the shit out of me. Ffp can't work.
 
Re: "City face Euro Expulsion"

Chelsea skulduggery!! Desperate underhand media tactics.... Let's rub theirs, utds and arsenals noses in their own piss like pet trainers do to all pumped up rats!!!
Fucking desperate and struggling to compete?? WHAT A PITY
 
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