Bottomless_Sailor
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Re: FFP - Why we failed
If this is true why did we even contemplate accepting?
If this is true why did we even contemplate accepting?
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FFP - Why I believe we failed
- Thread starter Prestwich_Blue
- Start date
Re: FFP - Why we failed
I think I'm right in saying that the alternative to not accepting is a legal challenge of FFP. In the future, FFP works in our favour as our revenue will grow to more than cover our expenditure.
Essentially, we're taking a slap on the wrist to join the cartel.
Bottomless_Sailor said:If this is true why did we even contemplate accepting?
I think I'm right in saying that the alternative to not accepting is a legal challenge of FFP. In the future, FFP works in our favour as our revenue will grow to more than cover our expenditure.
Essentially, we're taking a slap on the wrist to join the cartel.
Prestwich_Blue
Well-Known Member
Re: FFP - Why we failed
Because it wasn't a battle worth fighting for various reasons, as we might end up worse off if we did and we'd get shafted again next year, I assume.Bottomless_Sailor said:If this is true why did we even contemplate accepting?
ElanJo
Well-Known Member
Re: FFP - Why we failed
Where do you get these figures from, mate?
Prestwich_Blue said:We reported an aggregate break even deficit of £114m, with (as far as I can work out) £83m of that in 2011/12 and £31m in 2012/13.
Where do you get these figures from, mate?
Re: FFP - Why we failed
Cheers. I can understand your professional frustration. As a hardened commercial litigator, I just raised a wry smile at the outcome.
Keep up the good work. It's fantastic that you [and others] have clarified matters so intelligently. Sometimes, BM can be very impressive. I am sure that there is many a financially illiterate journo copying and pasting your comments as I write.
We'll be fine. mate. As you know, I am here in Dubai dealing with Emiratis every day. They are highly competent business people, trust me. They won't be losing sleep over the likes of Platini. The fabulously wealthy never do.
Prestwich_Blue said:I actually agree with you. We were always going to get shafted but we did the right thing in agreeing a settlement which allows UEFA off the hook with their G-14 masters and gets us into the inner sanctum without being seriously bummed.coleridge said:Oh come on, PB.
UEFA needed to impose sanctions to save face. The club has played along with a view to the bigger picture. So when other clubs fail by 3m or less, ADUG will be on the case straight away.
UEFA are frightened of ADUG and not the other way round.
With the greatest of respect, you need to see the bigger.
Listen, mate, when you calm down, you'll see that fairness and practicality are two different concepts and [usually] mutually exclusive. ADUG have taken a commercial view. MCFC will benefit in the long run.
Why are all you mods such trigger-happy litigants? LOL
Cheers. I can understand your professional frustration. As a hardened commercial litigator, I just raised a wry smile at the outcome.
Keep up the good work. It's fantastic that you [and others] have clarified matters so intelligently. Sometimes, BM can be very impressive. I am sure that there is many a financially illiterate journo copying and pasting your comments as I write.
We'll be fine. mate. As you know, I am here in Dubai dealing with Emiratis every day. They are highly competent business people, trust me. They won't be losing sleep over the likes of Platini. The fabulously wealthy never do.
Prestwich_Blue
Well-Known Member
Re: FFP - Why we failed
I knew what the bottom line figures were and saw something about the FFP allowable add-backs somewhere, which were £15m in 2011/12 and £20m in 2012/13. Of course there's no guarantee they're right but I'm pretty sure they're close plus it makes sense in view of the club statement.ElanJo said:Prestwich_Blue said:We reported an aggregate break even deficit of £114m, with (as far as I can work out) £83m of that in 2011/12 and £31m in 2012/13.
Where do you get these figures from, mate?
Re: FFP - Why we failed
Agreed. This part of the statement was telling: In normal circumstances, the Club would wish to pursue its case and present its position through every avenue of recourse. However, our decision to do so must be balanced against the practical realities for our fans, for our partners and in the interests of the commercial operations of the Club.
CityStu said:Ray78 said:I doubt we have let the cartel completely have their own way.
We haven't as the settlement includes us basically choosing our own FFP regulations for the next 2 seasons, rather than being forced into UEFA's G14 contrived legislation.
Makes sense for us to leave FFP there without legal challenge since we're now in the inner sanctum. Same situation as Chelsea being pro-FFP.
Agreed. This part of the statement was telling: In normal circumstances, the Club would wish to pursue its case and present its position through every avenue of recourse. However, our decision to do so must be balanced against the practical realities for our fans, for our partners and in the interests of the commercial operations of the Club.
Centurions
Well-Known Member
Re: FFP - Why we failed
If he wins BTW do we get our €20 million back?
Exactly how I interpreted City's statement last night, we'll leave the challenge to the Du Pont Lawyer.CityStu said:Ray78 said:I doubt we have let the cartel completely have their own way.
We haven't as the settlement includes us basically choosing our own FFP regulations for the next 2 seasons, rather than being forced into UEFA's G14 contrived legislation.
Makes sense for us to leave FFP there without legal challenge since we're now in the inner sanctum. Same situation as Chelsea being pro-FFP.
If he wins BTW do we get our €20 million back?
Re: FFP - Why we failed
We should also be able to sue for damages, surely? If we fail in the group stages or last 16 because of a reduced squad, could we not sue for revenue lost if FFP is found to be illegal?
ColinLee said:Exactly how I interpreted City's statement last night, we'll leave the challenge to the Du Pont Lawyer.CityStu said:Ray78 said:I doubt we have let the cartel completely have their own way.
We haven't as the settlement includes us basically choosing our own FFP regulations for the next 2 seasons, rather than being forced into UEFA's G14 contrived legislation.
Makes sense for us to leave FFP there without legal challenge since we're now in the inner sanctum. Same situation as Chelsea being pro-FFP.
If he wins BTW do we get our €20 million back?
We should also be able to sue for damages, surely? If we fail in the group stages or last 16 because of a reduced squad, could we not sue for revenue lost if FFP is found to be illegal?
aguero93:20
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Re: FFP - Why we failed
I emailed him last night as soon as I heard this from PB, does anyone have Marcotti's email?Lancet Fluke said:You should email that to Martin Samuel m.samuel@dailymail.co.uk . I'm still a little surprised we didn't take this all the way. Pragmatism is all well and good but we've let the bullying clubs hiding behind uefa take the piss and that doesn't entirely sit well even if I can understand that it may be the more sensible option.