BillyShears said:Wreckless Alec said:Much as I share Exeter Blue's cynicism I do think Chelsea's recent financial results and United's current predicament may well act in our favour and make uefa hesitant to set a very severe precedent. I expect the delay is so that the interpretation of our results and their impact on ffpr is consistent between the club and uefa when they are made public.
UEFA aren't going to do shit to us or Chelsea. Not before they explain how Monaco and PSG are going to pass their facile rules.
The Pink Panther said:BillyShears said:Wreckless Alec said:Much as I share Exeter Blue's cynicism I do think Chelsea's recent financial results and United's current predicament may well act in our favour and make uefa hesitant to set a very severe precedent. I expect the delay is so that the interpretation of our results and their impact on ffpr is consistent between the club and uefa when they are made public.
UEFA aren't going to do shit to us or Chelsea. Not before they explain how Monaco and PSG are going to pass their facile rules.
Perhaps we have an agreement with those two clubs that we all release our accounts on the same day
Very good point on PSG though, their 164 million euro advisory payment from the Qatar government is an absolute joke and they're not protected by the early contracts clause like we are, if they pass and we don't it's going to go to CAS and that won't end well for UEFA.The Pink Panther said:BillyShears said:Wreckless Alec said:Much as I share Exeter Blue's cynicism I do think Chelsea's recent financial results and United's current predicament may well act in our favour and make uefa hesitant to set a very severe precedent. I expect the delay is so that the interpretation of our results and their impact on ffpr is consistent between the club and uefa when they are made public.
UEFA aren't going to do shit to us or Chelsea. Not before they explain how Monaco and PSG are going to pass their facile rules.
Perhaps we have an agreement with those two clubs that we all release our accounts on the same day
BillyShears said:The Pink Panther said:BillyShears said:UEFA aren't going to do shit to us or Chelsea. Not before they explain how Monaco and PSG are going to pass their facile rules.
Perhaps we have an agreement with those two clubs that we all release our accounts on the same day
Going to be interesting to see how UEFA deal with Monaco in particular. The change of tax rules in French football mean that even more is going to be added to the Monaco bottom line.
I've said for a while I don't think a single club will lose the right to play in the CL due to FFP. They need to treat all clubs in exactly the same way as the financial results are public. Ergo as long as there are French clubs doing worse than the English ones Platini won't have a frogs leg to stand on.
BillyShears said:The Pink Panther said:BillyShears said:UEFA aren't going to do shit to us or Chelsea. Not before they explain how Monaco and PSG are going to pass their facile rules.
Perhaps we have an agreement with those two clubs that we all release our accounts on the same day
Going to be interesting to see how UEFA deal with Monaco in particular. The change of tax rules in French football mean that even more is going to be added to the Monaco bottom line.
I've said for a while I don't think a single club will lose the right to play in the CL due to FFP. They need to treat all clubs in exactly the same way as the financial results are public. Ergo as long as there are French clubs doing worse than the English ones Platini won't have a frogs leg to stand on.
said this before but this time around the French league forced Monaco to abide by French tax lawsvif they wanted to play in ligue 1, so they won't.Blue Coop said:BillyShears said:The Pink Panther said:Perhaps we have an agreement with those two clubs that we all release our accounts on the same day
Going to be interesting to see how UEFA deal with Monaco in particular. The change of tax rules in French football mean that even more is going to be added to the Monaco bottom line.
I've said for a while I don't think a single club will lose the right to play in the CL due to FFP. They need to treat all clubs in exactly the same way as the financial results are public. Ergo as long as there are French clubs doing worse than the English ones Platini won't have a frogs leg to stand on.
Isn't Monaco a tax haven? I'm not sure how corporation tax and income tax differ there, but they must be getting some substantial relief.
Exeter Blue I am here said:BillyShears said:The Pink Panther said:Perhaps we have an agreement with those two clubs that we all release our accounts on the same day
Going to be interesting to see how UEFA deal with Monaco in particular. The change of tax rules in French football mean that even more is going to be added to the Monaco bottom line.
I've said for a while I don't think a single club will lose the right to play in the CL due to FFP. They need to treat all clubs in exactly the same way as the financial results are public. Ergo as long as there are French clubs doing worse than the English ones Platini won't have a frogs leg to stand on.
I know this is common sense, but 45 years of City related paranoia has left an indelible mark on my brain Billy!
At a slight tangent I'm not sure what I'm looking forward to more; the rags having to play in the Europa League or UEFA's attempt (via FFP) to cement their (the rags) place in the Chimps League forever, falling at the very first hurdle and costing both parties squillions in lost revenue. It's such a delicious thought, I think I'm gonna need a sponge to clean up!
Blue Coop said:BillyShears said:The Pink Panther said:Perhaps we have an agreement with those two clubs that we all release our accounts on the same day
Going to be interesting to see how UEFA deal with Monaco in particular. The change of tax rules in French football mean that even more is going to be added to the Monaco bottom line.
I've said for a while I don't think a single club will lose the right to play in the CL due to FFP. They need to treat all clubs in exactly the same way as the financial results are public. Ergo as long as there are French clubs doing worse than the English ones Platini won't have a frogs leg to stand on.
Isn't Monaco a tax haven? I'm not sure how corporation tax and income tax differ there, but they must be getting some substantial relief.
Gill is vice chairman of the FA, Platini is head of UEFAExeter Blue I am here said:Falastur said:Damocles said:I think they're probably press managing this.
When they release the accounts, we're going to get a lot of wrong press stating that we have failed FFP. I can't see any way that we can turn a +£50m profit from a -£97m loss last year which we would need to do to comply.
The first Monitoring Period of FFP is only 2 years long rather than the 3 years of the ones after. The acceptable deviation over those 2 years is around -£38m. Last year we lost -£97m.
There are two things working in our favour somewhat. Firstly, this Monitoring Period allows us to discount any wages of contracts signed before June 2010 which was a hefty chunk of our wage budget from last year. Secondly, UEFA state that those clubs who are moving towards profitability, even if they fail the initial test, will be looked favourably upon.
The key here is the wage exemption. If we only lose £20m-£50m this year then the total loss for the Monitoring Period will be around -£120m-£150m but some of that expenditure isn't included in FFP and can be cut out.
The question is whether we can cut enough out of it to get to -£38m. I personally don't think we'll be able so we have to hope for UEFA to be true to their word about movement towards profitability.
Damo, you're forgetting that the FFPR rules say that if your accounts show a noticable trend towards profitability, then you don't have to abide by the "maximum loss over a 3-year period" thing. It's only if our revenue/profits stagnated and we stopped heading towards breaking even that we will be considered under these rules.
If we make a £50-60m loss this season, I reckon we'll be fine. That said, I personally think (hope?) that we will in fact show a better return than that - I'm kind of hoping for only around a £30m loss, from what I've read about our finances and so on. I don't think that that figure is too much to ask.
Will UEFA (with ragboy Gill at the helm) adhere to their own guidelines on the trend toward profitability though, if Trafford Town finish 5th in the Premier League? The cynic in me suspects they may not wish to make a decision on any City shortfall, until they get a clearer indication of where the rags are gonna end the season. And the same cynic in me suspects they would then look for reasons to throw us out of the Chimps League in order to accommodate their favourite revenue generators if they do finish 5th. Not saying it would work of course, as I'd expect City to then let loose m'learned friends and bury the whole stinking notion of FFP in Court. It is something to ponder though.......maybe
BoyBlue_1985 said:Gill is vice chairman of the FA, Platini is head of UEFAExeter Blue I am here said:Falastur said:Damo, you're forgetting that the FFPR rules say that if your accounts show a noticable trend towards profitability, then you don't have to abide by the "maximum loss over a 3-year period" thing. It's only if our revenue/profits stagnated and we stopped heading towards breaking even that we will be considered under these rules.
If we make a £50-60m loss this season, I reckon we'll be fine. That said, I personally think (hope?) that we will in fact show a better return than that - I'm kind of hoping for only around a £30m loss, from what I've read about our finances and so on. I don't think that that figure is too much to ask.
Will UEFA (with ragboy Gill at the helm) adhere to their own guidelines on the trend toward profitability though, if Trafford Town finish 5th in the Premier League? The cynic in me suspects they may not wish to make a decision on any City shortfall, until they get a clearer indication of where the rags are gonna end the season. And the same cynic in me suspects they would then look for reasons to throw us out of the Chimps League in order to accommodate their favourite revenue generators if they do finish 5th. Not saying it would work of course, as I'd expect City to then let loose m'learned friends and bury the whole stinking notion of FFP in Court. It is something to ponder though.......maybe