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

[jimbo101]

Re: City & FFP (continued)

My concern is this:

As I understand UEFA did not recognise all our revenue income from the Etihad deal and some other soursces.
We are "only" breaking even even with those deals, do UEFA continue to not recognise the full amount in the next years too? As we are not allowed to spend more than we earn, I struggle to see how we could even spend the 50m we are allowed to spend this window without falling foul on their rules again when they judge us again next season?

Your understanding is not correct. There is no problem with the Etihad deal and we can continue to use the income from it. The only issue with our revenue is that we have agreed not to include the sale of club assets to other parts of the group in future break-even calculations but, as these were probably one-offs, then that won't be a problem.

If we spend £50m on players, that doesn't go through the accounts in one go but is spread over the life of the contracts. So if we give those players 5 year contracts it costs us £10m a year. I can't believe people still don't understand this the number of times it's been talked about on here.

Are you sure on the transfer cap PB?
I know the amortisation goes through the P&L, but surely a 60m euro limit is for the amount we actually pay in transfers. Otherwise we'd just put new Messing on a 10 year deal.
Might be wrong, but I think the 60m is a cash limit.

 

[Tommy_Catons_Perm]

Re: City & FFP (continued)

The one really good side effect of FFP is it forces us to become a massive club as opposed to a club just buying big players.
We are actually going to do more damage by being such a huge commercial attraction to the sport than if there were no FFP and we slowly grew whilst just buying players.

It also makes this whole thing irreversible.
Let's say Mr mans our does decide he's bored and go elsewhere, will are now a huge club in our own right and there's no going back on that.

Yes. I'm hopeful that City will break even in the future. We are already at the top and luckily got in before these finincial restrictions were concocted. Looks like the door has been shut after the horse has bolted. If FFP was in full swing 5 years ago we'd have had no chance. Shame it prevents other clubs such as Everton or Villa from ever being successful again !

 

[tolmie's hairdoo]

Re: City & FFP (continued)

What happens if we don't qualify for Champions League 2015-16 season?

These rulings seem to be under the assumption we are a shoe-in ;)

well spotted

and if we don't can we go on a huge spending spree as teams out of the CL are not monitored, ie Liverpool

I will be more interested to see what happens to United when they spend £200m and either do or don't qualify for Champions League next year.

They are fucked either way.

 

[uwe rosler 28]

Re: City & FFP (continued)

Have we accepted these sanctions? If so then I for 1 will never go to a champions league game again!

 

[tolmie's hairdoo]

Re: City & FFP (continued)

The one really good side effect of FFP is it forces us to become a massive club as opposed to a club just buying big players.
We are actually going to do more damage by being such a huge commercial attraction to the sport than if there were no FFP and we slowly grew whilst just buying players.

It also makes this whole thing irreversible.
Let's say Mr mans our does decide he's bored and go elsewhere, will are now a huge club in our own right and there's no going back on that.

Yes. I'm hopeful that City will break even in the future. We are already at the top and luckily got in before these finincial restrictions were concocted. Looks like the door has been shut after the horse has bolted. If FFP was in full swing 5 years ago we'd have had no chance. Shame it prevents other clubs such as Everton or Villa from ever being successful again !

We'll be announcing break even in precisely 14 days time.

 

[inbetween]

Re: City & FFP (continued)

City's official statement says 10m Euro will be lost from it's share of income from UEFA for in 2013-14 & 10m Euro for 2014-15. Does anybody know if this equates to the £49m fine of which £32m is suspended as reported by the BBC ?. Thus £17m fine = 20m Euro lost in UEFA income ?

The City statement make no mention of a suspended fine.

Generally the fine is reported as £50m in the media. This seems more severe and bad publicity than the way it actually
is ?

Don't forget Euros are a lot greater than £ so it is more like around £15-18M being withheld which is around 20M Euro.

50M-32M=18M which is about equal to the amount reported they are withholding from us so maybe what the BBC is reporting is true but they have probably made errors in the currency conversion which happens all the time in the media. They tend to keep it in Euros, round it up to the nearest 10 and then express it as £..........

<a class="postlink" href="http://www.uefa.com/MultimediaFiles/Download/uefaorg/Finance/01/97/52/97/1975297_DOWNLOAD.pdf" onclick="window.open(this.href);return false;">http://www.uefa.com/MultimediaFiles/Dow ... WNLOAD.pdf</a>

 

[inbetween]

Re: City & FFP (continued)

What happens if we don't qualify for Champions League 2015-16 season?

These rulings seem to be under the assumption we are a shoe-in ;)

well spotted

and if we don't can we go on a huge spending spree as teams out of the CL are not monitored, ie Liverpool

I will be more interested to see what happens to United when they spend £200m and either do or don't qualify for Champions League next year.

They are fucked either way.

It won't matter, the contracts are amortised on the books for the full duration aren't they? They'd be better off staying away from the CL because they haven't got a chance in hell of passing FFP if they spend. The same goes for Liverpool.

It would be quite funny if both qualified, failed FFP and then got a nice juicy 50M fine which hit their debt repayments and even United's share price..... In FFP we trust.

 

[uwe rosler 28]

Re: City & FFP (continued)

We are fucking mugs and will end up a shitty little club again agreeing to these sanctions playing right into uefa hands so
Dissapointed with us.

 

[Tommy_Catons_Perm]

Re: City & FFP (continued)

City's official statement says 10m Euro will be lost from it's share of income from UEFA for in 2013-14 & 10m Euro for 2014-15. Does anybody know if this equates to the £49m fine of which £32m is suspended as reported by the BBC ?. Thus £17m fine = 20m Euro lost in UEFA income ?

The City statement make no mention of a suspended fine.

Generally the fine is reported as £50m in the media. This seems more severe and bad publicity than the way it actually
is ?

Read it again will you..

I did. The City statement does not explicitly say we have been fined £49m. Simple question. How does one deduce a fine of £49m using the figures in the City Statement ?

 

[nowantads]

Re: City & FFP (continued)

From redcaf

So What!?
Football is all about money today...City have it! and they should be allowed to spend it how they like!
Madrid spend £80 million on Bale and Barca spend god knows how much on Neymar...so it it not like City are doing anything completely unheard of.
Fact is United have a huge world wide fan base so we can stand proud on this issue, but every other club in the country would never get close to wining the league without huge investment from foreign owners

But this causes massive wage inflation. If you ask a player do you want to play for Utd or City on the same money they will say United because we are a bigger club. So what City do is change the equation and say Utd or us and an extra 50 grand. Then we have to follow which just pushes player wages up. It happened with us in the late 90's we tried our best as a club to keep the £30000 ceiling but what could be do when Middlesbourgh where paying £50000 a week to inferior players. Its the smaller club that push wage inflation up trying to catch up.

This came from a fan of the club that pays rooney 300k per week LMAO
Did evil city told him city will pay him 299k per week to join city? No?Thought so.