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

I haven't hear otherwise so i presume FFP is still being challenged in the courts by the footballer who's name escapes me? I can't see them banning anyone until this is resolved because if they lose the case the costs in damages and lost revenue they will have to pay the banned clubs will be staggering.
 
Re: Sunday Press. "City may face Euro Expulsion"

Rammy Blue said:
stony said:
ForzaMancini said:
We deserve to be banned imo. The amount of money we have spent is obscene and what right did we have to try and break the status quo in football?
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I hope you're being ironic and not moronic.
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Did you really require clarification on that one?
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I hope he's being ironic and not moronic!
 
I have no concern whatsoever. This was always going to happen as we did fail FFP criteria on first pass criteria.

That means that UEFA have to check that we can remove the £80m of wages of players bought before 2010 to bring us to a pass position.
They should conclude that this is indeed the case and we will pass.
If on the other hand they try to do the G14's work for them, they will be be on a seriously sticky wicket legally as MCFC are scrupulously complying with FRS 8 international accounting procedures (The core of UEFA FFP guidelines) - FRP8 quidelines are here if you want full details: <a class="postlink" href="https://www.icaew.com/en/library/subject-gateways/accounting-standards/uk-frs/frs-08" onclick="window.open(this.href);return false;">https://www.icaew.com/en/library/subjec ... frs/frs-08</a>
Section 2.5 describes what a "related party" is and it has nothing to do with family relationships except certain circumstances of parent to child inheritance.

Quite simply UEFA would lose any legal battle if they were to impose serious sanctions as City are at least trying to comply.
Lets also be honest Paris SG are not even trying to comply and there are big issues with Barca and Real Madrid in terms of state support and tax avoidance.

My guess is UEFA will pay lip service to the G14 and say we have issues that need to be addressed but will defer any punishment to the following season (as our finances are improving) and will re-access us then. City will accept a verbal slap on the wrist (that Arse, Man U etc can do fuck all about) then during this season we will make a profit and will fully comply next season. So UEFA and City both win.
 
Am I the only one who hopes UEFA impose sanctions on us?

I want to see city destroy them in court and make Plattini et al a laughing stock in world sport....
 
We should pay off the rags debt for them as I feel sorry for them and then uefa might like us a bit
 
BlueAnorak said:
I have no concern whatsoever. This was always going to happen as we did fail FFP criteria on first pass criteria.

That means that UEFA have to check that we can remove the £80m of wages of players bought before 2010 to bring us to a pass position.
They should conclude that this is indeed the case and we will pass.
If on the other hand they try to do the G14's work for them, they will be be on a seriously sticky wicket legally as MCFC are scrupulously complying with FRS 8 international accounting procedures (The core of UEFA FFP guidelines) - FRP8 quidelines are here if you want full details: <a class="postlink" href="https://www.icaew.com/en/library/subject-gateways/accounting-standards/uk-frs/frs-08" onclick="window.open(this.href);return false;">https://www.icaew.com/en/library/subjec ... frs/frs-08</a>
Section 2.5 describes what a "related party" is and it has nothing to do with family relationships except certain circumstances of parent to child inheritance.

Quite simply UEFA would lose any legal battle if they were to impose serious sanctions as City are at least trying to comply.
Lets also be honest Paris SG are not even trying to comply and there are big issues with Barca and Real Madrid in terms of state support and tax avoidance.

My guess is UEFA will pay lip service to the G14 and say we have issues that need to be addressed but will defer any punishment to the following season (as our finances are improving) and will re-access us then. City will accept a verbal slap on the wrist (that Arse, Man U etc can do fuck all about) then during this season we will make a profit and will fully comply next season. So UEFA and City both win.
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Are we in the clear with the intellectual property receipts?
 
TCIB said:
Any chance of a quick summary for us non finance bods please ?
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Oh alright as it's you. Technically we've failed FFP (along with about half the other teams requiring a licence) so the investigatory panel will have a look at our accounts. When they do, they will see we've reported an FFP adjusted aggregate loss for the first licensing period of about £115m. That's higher than the €45m/£39m allowed so they'll apply the pre-2010 contracts test, which seeks to exclude all wages paid in 2011/12 under contracts signed prior to June 2010.

If that brings our loss under the allowable limit and the trend of our bottom line is improving, such that we are looking to be compliant in the near future, then they will let it go in principle and not issue any sanction.

As those wages total £80m, this will mean that we would be under the limit and as we will at least break-even from this year onwards, they should nod us through without any problem.
 
Prestwich_Blue said:
TCIB said:
Any chance of a quick summary for us non finance bods please ?
Click to expand...
Oh alright as it's you. Technically we've failed FFP (along with about half the other teams requiring a licence) so the investigatory panel will have a look at our accounts. When they do, they will see we've reported an FFP adjusted aggregate loss for the first licensing period of about £115m. That's higher than the €45m/£39m allowed so they'll apply the pre-2010 contracts test, which seeks to exclude all wages paid in 2011/12 under contracts signed prior to June 2010.

If that brings our loss under the allowable limit and the trend of our bottom line is improving, such that we are looking to be compliant in the near future, then they will let it go in principle and not issue any sanction.

As those wages total £80m, this will mean that we would be under the limit and as we will at least break-even from this year onwards, they should nod us through without any problem.
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Thank fuck for the voice of reason and sanity.
 
Rascal said:
We should pay off the rags debt for them as I feel sorry for them and then uefa might like us a bit
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tumblr_lmg44vK2b01qgmwxxo1_400.gif
 
Want a laugh?

They are desperate for UEFA to come down hard on City.

<a class="postlink" href="http://www.redcafe.net/threads/so-these-financial-fair-play-rules-then.329050/page-18" onclick="window.open(this.href);return false;">http://www.redcafe.net/threads/so-these ... 50/page-18</a>
 
jrb said:
Want a laugh?

They are desperate for UEFA to come down hard on City.

<a class="postlink" href="http://www.redcafe.net/threads/so-these-financial-fair-play-rules-then.329050/page-18" onclick="window.open(this.href);return false;">http://www.redcafe.net/threads/so-these ... 50/page-18</a>
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They were clinging on the hope that they would qualify by winning the champs league. Now that is looking increasingly unlikely, they are clinging on to the hope that we will be booted out because of ffp.
Desperate times at the swamp.
 
stony said:
jrb said:
Want a laugh?

They are desperate for UEFA to come down hard on City.

<a class="postlink" href="http://www.redcafe.net/threads/so-these-financial-fair-play-rules-then.329050/page-18" onclick="window.open(this.href);return false;">http://www.redcafe.net/threads/so-these ... 50/page-18</a>
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They were clinging on the hope that they would qualify by winning the champs league. Now that is looking increasingly unlikely, they are clinging on to the hope that we will be booted out because of ffp.
Desperate times at the swamp.
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Indeed mate. :-)

Any excuse.
 
oakiecokie said:
Prestwich_Blue said:
TCIB said:
Any chance of a quick summary for us non finance bods please ?
Click to expand...
Oh alright as it's you. Technically we've failed FFP (along with about half the other teams requiring a licence) so the investigatory panel will have a look at our accounts. When they do, they will see we've reported an FFP adjusted aggregate loss for the first licensing period of about £115m. That's higher than the €45m/£39m allowed so they'll apply the pre-2010 contracts test, which seeks to exclude all wages paid in 2011/12 under contracts signed prior to June 2010.

If that brings our loss under the allowable limit and the trend of our bottom line is improving, such that we are looking to be compliant in the near future, then they will let it go in principle and not issue any sanction.

As those wages total £80m, this will mean that we would be under the limit and as we will at least break-even from this year onwards, they should nod us through without any problem.
Click to expand...

Thank fuck for the voice of reason and sanity.
Click to expand...
Where??
 
Prestwich_Blue said:
oakiecokie said:
Prestwich_Blue said:
Oh alright as it's you. Technically we've failed FFP (along with about half the other teams requiring a licence) so the investigatory panel will have a look at our accounts. When they do, they will see we've reported an FFP adjusted aggregate loss for the first licensing period of about £115m. That's higher than the €45m/£39m allowed so they'll apply the pre-2010 contracts test, which seeks to exclude all wages paid in 2011/12 under contracts signed prior to June 2010.

If that brings our loss under the allowable limit and the trend of our bottom line is improving, such that we are looking to be compliant in the near future, then they will let it go in principle and not issue any sanction.

As those wages total £80m, this will mean that we would be under the limit and as we will at least break-even from this year onwards, they should nod us through without any problem.
Click to expand...

Thank fuck for the voice of reason and sanity.
Click to expand...
Where??
Click to expand...
I'm here mate.
 
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