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

Prestwich_Blue said:
moomba said:
I'd be amazed if UEFA looked at the 76 (anyone who made any sort of loss in 11/12 I believe) and just left it at that.
Not necessarily. There are loads of things in FFP you have to have as well as breaking even, including your technical and administrative set-up.

But even if we assume the 76 are just those who didn't meet the break-even requirements, all could escape sanctions if they would have met them when wages paid under pre-June 2010 contracts are taken into account. It's the Club Financial Control Panel who applies that test and not the clubs.

In practice though, there will probably be some who have overdue payables or something similar. Some may also not pass the break-even test as their finances aren't improving.

Its the overdue payables that interests me and in particular debts owed by Spanish clubs in respect of tax.
I think I am right in saying that Ath Madrid still owe in excess of £80million and yes I know they have an agreement in place to pay off the debt the fact remains that they still owe it
 
From the Guardian. Making it up as they go along.

Liverpool in clear for Champions League over financial fair play rules

Liverpool and other clubs such as Monaco who are not playing in Europe this season will not have to pass Uefa's break-even rule in order to take part in the next Champions League campaign, it has been confirmed. Only the 237 clubs who took part in this season's Champions League and Europa League are currently being assessed.

Uefa has revealed 76 of these are being investigated and face sanctions this summer – including possible disqualification from next season's competitions – if they fail to comply with financial fair play.

Clubs such as Liverpool and Monaco who have not been in Europe face no threat of sanctions this summer for failing to break even. They would be assessed next autumn – along with all the other clubs in Uefa competitions next season – with any sanctions applicable in 2015.

Liverpool this week announced losses of £49.8m up to the end of May 2013, and a further £40.5m over the previous 10 months leading to some concern over whether the club would comply with Uefa's FFP rules.

A Uefa spokesman confirmed to Press Association Sport that clubs not involved in Europe this season will not be assessed until next season.

Liverpool remain hopeful that they will comply despite their losses. The club may be able to write off a loan made by their owners Fenway Sports Group to repay a £38m loan taken out to develop stadium plans by the former proprietors Tom Hicks and George Gillett.

The autumn financial review by Uefa will look at clubs' finances over the 2011-12, 2012-13 and 2013-14 seasons, plus an estimate of the position over the two years to come.

That means the impact of the new bumper Premier League TV deal would be reflected in the English clubs' accounts.

Manchester City, who have lost £149m in the past two seasons, have the most to fear among Premier League clubs, while on the continent Paris Saint-Germain are also in the spotlight.
 
ManCityX said:
From the Guardian. Making it up as they go along.

Liverpool in clear for Champions League over financial fair play rules

Liverpool and other clubs such as Monaco who are not playing in Europe this season will not have to pass Uefa's break-even rule in order to take part in the next Champions League campaign, it has been confirmed. Only the 237 clubs who took part in this season's Champions League and Europa League are currently being assessed.

Uefa has revealed 76 of these are being investigated and face sanctions this summer – including possible disqualification from next season's competitions – if they fail to comply with financial fair play.

Clubs such as Liverpool and Monaco who have not been in Europe face no threat of sanctions this summer for failing to break even. They would be assessed next autumn – along with all the other clubs in Uefa competitions next season – with any sanctions applicable in 2015.

Liverpool this week announced losses of £49.8m up to the end of May 2013, and a further £40.5m over the previous 10 months leading to some concern over whether the club would comply with Uefa's FFP rules.

A Uefa spokesman confirmed to Press Association Sport that clubs not involved in Europe this season will not be assessed until next season.

Liverpool remain hopeful that they will comply despite their losses. The club may be able to write off a loan made by their owners Fenway Sports Group to repay a £38m loan taken out to develop stadium plans by the former proprietors Tom Hicks and George Gillett.

The autumn financial review by Uefa will look at clubs' finances over the 2011-12, 2012-13 and 2013-14 seasons, plus an estimate of the position over the two years to come.

That means the impact of the new bumper Premier League TV deal would be reflected in the English clubs' accounts.

Manchester City, who have lost £149m in the past two seasons, have the most to fear among Premier League clubs, while on the continent Paris Saint-Germain are also in the spotlight.
That article, and most tellingly the last sentence, tells you all you need to know about balance in the press when it come to reporting on City versus the established clubs, not least because City now arguably have the least to fear from FFP.
 
Re: City & FFP (updated)

So the Grauniad and the Times say Liverpool excluded from FFP for a year.
 
denislawsbackheel said:
So the Grauniad and the Times say Liverpool excluded from FFP for a year.
No preferential treatment there, they'll more than likely fail next year though, they have to turn a profit of 45 million in profit next year while simultaneously strengthening every area of their squad.
 
Re: City & FFP (updated)

aguero93:20 said:
denislawsbackheel said:
So the Grauniad and the Times say Liverpool excluded from FFP for a year.
No preferential treatment there, they'll more than likely fail next year though, they have to turn a profit of 45 million in profit next year while simultaneously strengthening every area of their squad.

Lots more TV money will help them out though.
 
Prestwich_Blue said:
denislawsbackheel said:
So the Grauniad and the Times say Liverpool excluded from FFP for a year.
The whole point of FFP as I understood it was to ensure clubs needing a licence to play in Europe complied with the rules.
they seem a bit sure about it for anything else but uefa having said something, sounds ridiculous to me that only a certain percentage of clubs actually have to pass the test though.
 
aguero93:20 said:
denislawsbackheel said:
So the Grauniad and the Times say Liverpool excluded from FFP for a year.
No preferential treatment there, they'll more than likely fail next year though, they have to turn a profit of 45 million in profit next year while simultaneously strengthening every area of their squad.
Let's not forget John W Henry pontificating to the point of utter tedium about FFP being a such a good thing for football too, as well as him and Ian Ayre making sly digs about the Etihad deal.
 
It'll just about wipe out their current losses moomba, but it won't negate the losses of the last two years that were over the limits, most of their players signed after the 2010 deadline as well.
moomba said:
aguero93:20 said:
denislawsbackheel said:
So the Grauniad and the Times say Liverpool excluded from FFP for a year.
No preferential treatment there, they'll more than likely fail next year though, they have to turn a profit of 45 million in profit next year while simultaneously strengthening every area of their squad.

Lots more TV money will help them out though.
 
Just popped into my head that if uefa show preferential treatment by allowing liverpool or anyone else a free pass with ffp, any appeals to cas should do well for sanctioned clubs.
 
ManCityX said:
From the Guardian. Making it up as they go along.

.......................................................................................................Manchester City, who have lost £149m in the past two seasons, have the most to fear among Premier League clubs, while on the continent Paris Saint-Germain are also in the spotlight.
I wonder if City will ever find the lost £149M................might be under Twatini's bed.?
 
Do clubs like Liverpool release their accounts publicly like we do? Just wondering if the whole IP area is something other clubs like LFC and Chelsea have? Only because it was made out we were doing something extremely underhand but gave no real comparisons to other clubs.[/quote]
Liverpool are privately owned, as are Chelsea so they're not obliged to release their accounts publicly/ on the stock market as Public companies are but it's worth googling and checking the likes of Deloittes as there might be something.
EDIT: Got this off the Liverpool Echo website, its the submission to companies house off the 2013 accounts in a PDF I'll have a look
<a class="postlink" href="http://www.liverpoolecho.co.uk/incoming/article6772166.ece/BINARY/LFC+2013+Accounts+submitted+to+Companies+House.pdf" onclick="window.open(this.href);return false;">http://www.liverpoolecho.co.uk/incoming ... +House.pdf</a>[/quote]


Those accounts make interesting reading. The negative balance sheet shows that technically they are insolvent!
Definitely not a move in the right direction
 
@marshalls it does indeed, the assurance of continuing support from the fenway sports group was the only reason they were able to declare the business as a going concern for the coming year, exactly the same as both chelsea and ourselves and most of the other premier league clubs, as well as nearly all serie a clubs, french clubs and russian clubs. we're actually in a far better position because our owners have written off our debts, but that doesn't suit the angle the press like to take.
 
ManCityX said:
From the Guardian.

Liverpool in clear for Champions League over financial fair play rules

A Uefa spokesman confirmed to Press Association Sport that clubs not involved in Europe this season will not be assessed until next season.

Manchester City, who have lost £149m in the past two seasons, have the most to fear among Premier League clubs, while on the continent Paris Saint-Germain are also in the spotlight.


I'm waiting for a further announcement from UEFA that the rules will only be applied next season to clubs playing outside their national capitals
who haven't previously won the CL or some other such nonsense. Maybe they will only apply to clubs based in either Eastern Europe or
East Manchester? Seriously though if they are not assessing clubs like Liverpool until next season they can't do anything other than issue
warnings to clubs such as PSG, Chelsea and ourselves who don't owe money to other member clubs. They would get destroyed in court.
Anybody else think that they know that they are on a very sticky wicket legally speaking and are deliberately pushing the timetable back to:-
a See what the courts make of the current challenge.
b Give PSG time to comply.

My reading of this is that we have nothing to worry about.
 
aguero93:20 said:
@marshalls it does indeed, the assurance of continuing support from the fenway sports group was the only reason they were able to declare the business as a going concern for the coming year, exactly the same as both chelsea and ourselves and most of the other premier league clubs, as well as nearly all serie a clubs, french clubs and russian clubs. we're actually in a far better position because our owners have written off our debts, but that doesn't suit the angle the press like to take.
It isn't the same though is it? Our supporters don't hypocritically posture about doing things 'the right way' to the point of utter fucking nausea like Liverpool's. Deluded fucking hypocrites.
 
Fully agree gdm.
gordondaviesmoustache said:
aguero93:20 said:
@marshalls it does indeed, the assurance of continuing support from the fenway sports group was the only reason they were able to declare the business as a going concern for the coming year, exactly the same as both chelsea and ourselves and most of the other premier league clubs, as well as nearly all serie a clubs, french clubs and russian clubs. we're actually in a far better position because our owners have written off our debts, but that doesn't suit the angle the press like to take.
It isn't the same though is it? Our supporters don't hypocritically posture about doing things 'the right way' to the point of utter fucking nausea like Liverpool's. Deluded fucking hypocrites.
 
aguero93:20 said:
Fully agree gdm.
gordondaviesmoustache said:
aguero93:20 said:
@marshalls it does indeed, the assurance of continuing support from the fenway sports group was the only reason they were able to declare the business as a going concern for the coming year, exactly the same as both chelsea and ourselves and most of the other premier league clubs, as well as nearly all serie a clubs, french clubs and russian clubs. we're actually in a far better position because our owners have written off our debts, but that doesn't suit the angle the press like to take.
It isn't the same though is it? Our supporters don't hypocritically posture about doing things 'the right way' to the point of utter fucking nausea like Liverpool's. Deluded fucking hypocrites.
Knew you would ;-)
 
Wilf Wild 1937 said:
ManCityX said:
From the Guardian.

Liverpool in clear for Champions League over financial fair play rules

A Uefa spokesman confirmed to Press Association Sport that clubs not involved in Europe this season will not be assessed until next season.

Manchester City, who have lost £149m in the past two seasons, have the most to fear among Premier League clubs, while on the continent Paris Saint-Germain are also in the spotlight.


I'm waiting for a further announcement from UEFA that the rules will only be applied next season to clubs playing outside their national capitals
who haven't previously won the CL or some other such nonsense. Maybe they will only apply to clubs based in either Eastern Europe or
East Manchester? Seriously though if they are not assessing clubs like Liverpool until next season they can't do anything other than issue
warnings to clubs such as PSG, Chelsea and ourselves who don't owe money to other member clubs. They would get destroyed in court.
Anybody else think that they know that they are on a very sticky wicket legally speaking and are deliberately pushing the timetable back to:-
a See what the courts make of the current challenge.
b Give PSG time to comply.

My reading of this is that we have nothing to worry about.

They don't have a leg to stand on in court but at the moment it isn't really a legal matter. If UEFA was to ban clubs then they do it under their right to do so because at the end of the day it is their competition. What they cannot do however is restrict the free movement of EU Nationals which they effectively are doing by limiting what and who clubs can 'hire'. They are also breaking EU competition laws by only allowing in clubs who break even on their financials because all clubs are in direct competition with each other financially. For a body to give certain clubs access to financial benefits and actively restricting other clubs from doing so is against EU competition law. This is all being challenged in the courts and a judgement expected next year, I'm pretty much certain that FFP will be ruled illegal under EU law in it's current form because it destroys competition and restricts investment allowing competition.

If City were to be banned from the Champions League which is pretty much never going to happen, they would also have to implicitly apply those rules to every other club in the same boat. Now there are figures of around 76 clubs being investigated and as we are showing ourselves to be compliant with FFP. Looking at PSG, you wouldn't think many clubs are too worried about UEFA and their behaviour shows that they do not see UEFA having the will to actually go ahead and expel teams, they cannot prevent PSG from signing players because that breaches EU law so really clubs are not afraid of FFP, rather being in the black is actually a good thing anyway.

Juventus are another club that are in severe trouble if FFP is applied to the most extent, there will barely be a competition if it was anyway.

<a class="postlink" href="http://www.financialfairplay.co.uk/latest-news/paris-st-gemain-find-%E2%82%AC125m-to-help-them-break-even" onclick="window.open(this.href);return false;">http://www.financialfairplay.co.uk/late ... break-even</a>
 
gordondaviesmoustache said:
aguero93:20 said:
Fully agree gdm.
gordondaviesmoustache said:
It isn't the same though is it? Our supporters don't hypocritically posture about doing things 'the right way' to the point of utter fucking nausea like Liverpool's. Deluded fucking hypocrites.
Knew you would ;-)
sadly I remain deeply anxious
 

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