Financial Fair Play/Financial Report (merged)

[Martyn]

Re: Financial report?

Will we still be on track with the dreaded FFP rules with a 60 mil loss?

 

[Prestwich_Blue]

Re: Financial report?

Will we still be on track with the dreaded FFP rules with a 60 mil loss?

Going to be touch and go but there are unlikely to be any significant penalties in the first year or two and we'll be able to show that we are well on course to break even and should be in profit by the time UEFA start to get tough.

 

[Marvin]

Re: Financial report?

Last year the results were announced in December so I assume they are two months off

http://www.mcfc.co.uk/news/club-news/2012/december/mcfc-annual-report-2011-12

I would have thought that City's results should show underlying improvement. This topic has been covered many times, and maybe someone more knowledgeable will contribute

Last time losses were halved to £98m. The UEFA target is 45m Euro loss, but as you know City can exclude the infrastructure spend on the Training ground

I believe City's revenues will have continued to rise sharply. A number of sponsorship agreements have been completed, but maybe some were signed after the year-end.

City spent heavily in the Summer - after the Year-end. So that will not impact on these results, but they should include the sale of Balotelli

 

[S04]

Re: Financial report?

As long as most fans and journos don´t understand enough to differentiate between the FFPR numbers and the ordinary statements it´s almost a non-event I fear..

I think we eventually agreed last year that we where surprisingly close to FFPR compliance using those numbers.

 

[more lazy than useless]

Re: Financial report?

Will we still be on track with the dreaded FFP rules with a 60 mil loss?

Going to be touch and go but there are unlikely to be any significant penalties in the first year or two and we'll be able to show that we are well on course to break even and should be in profit by the time UEFA start to get tough.

Even if we have about £60M loss won't we be there abouts for FFP? IIRC from last year's accounts once the spending allowable under FFP was taken out we were much better. Even then much of the problem came from the high transfers/wages from a few years back and most of that is now gone?

I certainly expect our losses to be nothing to worry about. (It's obvious its not my money!)

 

[cibaman]

Re: Financial report?

When do UEFA announce the first FFP penalties? And which years do they cover?

 

[CITYBOY1000]

Re: Financial report?

When do UEFA announce the first FFP penalties? And which years do they cover?

There is an allowance for clubs who fail to meet the mark but who show a 'trend' in the right direction. This must pre-suppose that any penalties will not kick-in until consideration has been had of the figures for a few years past the original start-point.

If clubs are still not making serious efforts by, say, year-end 2014/2015 then I think they will be forced to take some action or the whole thing starts to look like a joke and other clubs will think why are we hamstringing ourselves when others are taking the p*ss ?

 

[Prestwich_Blue]

Re: Financial report?

Will we still be on track with the dreaded FFP rules with a 60 mil loss?

Going to be touch and go but there are unlikely to be any significant penalties in the first year or two and we'll be able to show that we are well on course to break even and should be in profit by the time UEFA start to get tough.

Even if we have about £60M loss won't we be there abouts for FFP? IIRC from last year's accounts once the spending allowable under FFP was taken out we were much better. Even then much of the problem came from the high transfers/wages from a few years back and most of that is now gone?

The main ongoing allowance is for infrastructure spending and expenditure that can be directly shown to be related to youth development. No one will know for sure what that is but it could be £20m a year possibly. We lost £97m last year and let's say £60m this, making £157m in total. Knock off 2 x £20m, which gives an FFP loss of £117m. Then, we can look at the one-off exemption for wages paid on contracts signed before June 2010. Last year it was suggested this could be as much as £80m, which can be used if it takes us under the €45m limit. Knocking the £80m off the the £117m just about brings us in so we'd be OK.

 

[cibaman]

Re: Financial report?

Going to be touch and go but there are unlikely to be any significant penalties in the first year or two and we'll be able to show that we are well on course to break even and should be in profit by the time UEFA start to get tough.

Even if we have about £60M loss won't we be there abouts for FFP? IIRC from last year's accounts once the spending allowable under FFP was taken out we were much better. Even then much of the problem came from the high transfers/wages from a few years back and most of that is now gone?

The main ongoing allowance is for infrastructure spending and expenditure that can be directly shown to be related to youth development. No one will know for sure what that is but it could be £20m a year possibly. We lost £97m last year and let's say £60m this, making £157m in total. Knock off 2 x £20m, which gives an FFP loss of £117m. Then, we can look at the one-off exemption for wages paid on contracts signed before June 2010. Last year it was suggested this could be as much as £80m, which can be used if it takes us under the €45m limit. Knocking the £80m off the the £117m just about brings us in so we'd be OK.

Is there still a question mark over the Etihad sponsorship or has that been cleared?

 

[Bilboblue]

Re: Financial report?

Even if we have about £60M loss won't we be there abouts for FFP? IIRC from last year's accounts once the spending allowable under FFP was taken out we were much better. Even then much of the problem came from the high transfers/wages from a few years back and most of that is now gone?

The main ongoing allowance is for infrastructure spending and expenditure that can be directly shown to be related to youth development. No one will know for sure what that is but it could be £20m a year possibly. We lost £97m last year and let's say £60m this, making £157m in total. Knock off 2 x £20m, which gives an FFP loss of £117m. Then, we can look at the one-off exemption for wages paid on contracts signed before June 2010. Last year it was suggested this could be as much as £80m, which can be used if it takes us under the €45m limit. Knocking the £80m off the the £117m just about brings us in so we'd be OK.

Is there still a question mark over the Etihad sponsorship or has that been cleared?

Can't believe there would be considering some of the deals that have been signed since!