Financial Fair Play/Financial Report (merged)

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Re: Financial figures appear to be somewhat late.

Gill is the FA and united's representative on UEFA's executive committee. Greg Dyke is their man controlling the FA.
 
Re: Financial figures appear to be somewhat late.

How can the french ffootball league make Monaco pay money to the French goverment that they dont have to.

I appreciate it might give Monaco an advantage if they dont have to pay as much tax as other clubs but thats not a football issue is it.

And I know Monaco is not technically in France so the football league could banish them otherwise but would the french goverment take taxes off someone from who it is not due?

It doesnt make sense
 
Re: Financial figures appear to be somewhat late.

johnmc said:
How can the french ffootball league make Monaco pay money to the French goverment that they dont have to.

I appreciate it might give Monaco an advantage if they dont have to pay as much tax as other clubs but thats not a football issue is it.

And I know Monaco is not technically in France so the football league could banish them otherwise but would the french goverment take taxes off someone from who it is not due?

It doesnt make sense

<a class="postlink" href="http://sports.yahoo.com/news/soccer-monaco-pay-french-super-tax-104300556--finance.html" onclick="window.open(this.href);return false;">http://sports.yahoo.com/news/soccer-mon ... nance.html</a>
 
Re: Financial figures appear to be somewhat late.

BillyShears said:
johnmc said:
How can the french ffootball league make Monaco pay money to the French goverment that they dont have to.

I appreciate it might give Monaco an advantage if they dont have to pay as much tax as other clubs but thats not a football issue is it.

And I know Monaco is not technically in France so the football league could banish them otherwise but would the french goverment take taxes off someone from who it is not due?

It doesnt make sense

<a class="postlink" href="http://sports.yahoo.com/news/soccer-monaco-pay-french-super-tax-104300556--finance.html" onclick="window.open(this.href);return false;">http://sports.yahoo.com/news/soccer-mon ... nance.html</a>

"The tax is applicable to annual revenues above one million euros although there is a five percent cap of a company's turnover."

So 5% of their turnover - pah! Will hardly make a dent.
 
Re: Financial figures appear to be somewhat late.

dasblues said:
All the information points to passing the first monitoring period and therefore complinance with FFP.

The problem is we only pass due to a couple of clauses ie disallowable expenses (Academy / community spend) and wages on contracts signed before June 2010.

The headline figure will probably be around £150m loss over the two years, which is what the press will jump on.

Like others have said, this needs to be managed very carefully in terms of the negative press coverage that it will generate.

Chelsea buried their results in releasing on New years eve, perhaps we are waiting for a big enough news story to limit the damage?

The problem is that, until City's results are announced, 90% of the media will have been unaware of the exemption for pre June 2010 contracts. They will find it completely incredible that a club could make losses totalling £150m over 2 years and still comply with FFPR. UEFA really should have managed expectations better, stressed that FFPR is being phased in, that there are unlikely to be draconian punishments in the first couple of years. They've allowed the perception to develop that FFPR will be tough from the outset.

There's actually a very good story for UEFA to tell about how FFPR has impacted on City. The club is on the verge of profitability, a few years earlier than it would have been without FFPR. All that talk immediately after the takeover about City recruiting a Worlds best Fantasy Football team didn't materialise. Yes, we've bought some very good players but, since the Kaka fiasco, we have been focusing on getting good value rather just writing mega cheques. And we've spent money on youth development and infrastructure which is what UEFA have been trying to encourage via FFPR. UEFA could make a very strong argument that FFPR has worked as far as City are concerned. But they probably wont.
 
Re: Financial figures appear to be somewhat late.

I don't see any reason for the fears of a UEFA conspiracy against City, or Chelsea for that matter. Football is facing enormous problems across the world: FIFA accused of corruption almost every day, the world cup reduced to a scandalous shambles, the European commission - not UEFA - investigating Spanish clubs, including Real Madrid and Barcelona, for illegal stated aid, These investigations are to be carried out by a body with no particular love of football and could well ruin several Spanish clubs to add to the financial chaos afflicting most of them already. Platini would be mad to risk attacking two French teams who actually spend their own money, or alienate City and Chelsea who do the same and are part of the reason English clubs are such a cash cow in the form of TV rights. Football needs investment, City are making it and the TV companies love it.
 
Re: Financial figures appear to be somewhat late.

BluessinceHydeRoad said:
I don't see any reason for the fears of a UEFA conspiracy against City, or Chelsea for that matter. Football is facing enormous problems across the world: FIFA accused of corruption almost every day, the world cup reduced to a scandalous shambles, the European commission - not UEFA - investigating Spanish clubs, including Real Madrid and Barcelona, for illegal stated aid, These investigations are to be carried out by a body with no particular love of football and could well ruin several Spanish clubs to add to the financial chaos afflicting most of them already. Platini would be mad to risk attacking two French teams who actually spend their own money, or alienate City and Chelsea who do the same and are part of the reason English clubs are such a cash cow in the form of TV rights. Football needs investment, City are making it and the TV companies love it.

Manchester City - ruining football since 2008.
 
Re: Financial figures appear to be somewhat late.

BluessinceHydeRoad said:
I don't see any reason for the fears of a UEFA conspiracy against City, or Chelsea for that matter. Football is facing enormous problems across the world: FIFA accused of corruption almost every day, the world cup reduced to a scandalous shambles, the European commission - not UEFA - investigating Spanish clubs, including Real Madrid and Barcelona, for illegal stated aid, These investigations are to be carried out by a body with no particular love of football and could well ruin several Spanish clubs to add to the financial chaos afflicting most of them already. Platini would be mad to risk attacking two French teams who actually spend their own money, or alienate City and Chelsea who do the same and are part of the reason English clubs are such a cash cow in the form of TV rights. Football needs investment, City are making it and the TV companies love it.

I've said before on here that I don't think Platini is quite as bad as many fellow blues think. I feel that, while I'm sure he was in favour of some kind of FFPR, he has been pushed into a corner by the elite clubs regarding the shape the regs have taken as their primary concern is maintaining the status quo. His interview with Martin Samuel several months ago was a bit of a car crash overall but one thing that jumped out at me was him recognising that City have made "big efforts" to try and comply with the regs.
 
Re: Financial figures appear to be somewhat late.

cibaman said:
dasblues said:
All the information points to passing the first monitoring period and therefore complinance with FFP.

The problem is we only pass due to a couple of clauses ie disallowable expenses (Academy / community spend) and wages on contracts signed before June 2010.

The headline figure will probably be around £150m loss over the two years, which is what the press will jump on.

Like others have said, this needs to be managed very carefully in terms of the negative press coverage that it will generate.

Chelsea buried their results in releasing on New years eve, perhaps we are waiting for a big enough news story to limit the damage?

The problem is that, until City's results are announced, 90% of the media will have been unaware of the exemption for pre June 2010 contracts. They will find it completely incredible that a club could make losses totalling £150m over 2 years and still comply with FFPR. UEFA really should have managed expectations better, stressed that FFPR is being phased in, that there are unlikely to be draconian punishments in the first couple of years. They've allowed the perception to develop that FFPR will be tough from the outset.

There's actually a very good story for UEFA to tell about how FFPR has impacted on City. The club is on the verge of profitability, a few years earlier than it would have been without FFPR. All that talk immediately after the takeover about City recruiting a Worlds best Fantasy Football team didn't materialise. Yes, we've bought some very good players but, since the Kaka fiasco, we have been focusing on getting good value rather just writing mega cheques. And we've spent money on youth development and infrastructure which is what UEFA have been trying to encourage via FFPR. UEFA could make a very strong argument that FFPR has worked as far as City are concerned. But they probably wont.

Exactly , perhaps we are waiting for Uefa to audit our 2012/13 results for FFP before we release our statements on the years performance.

This way we could publish actual / FFP results side by side and highlight the differences between the two numbers ...with the headline being city pass the first monitoring period, fully endoresed by Uefa
 
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