HypnoticBlue
Well-Known Member
- Joined
- 4 Feb 2014
- Messages
- 1,049
That certainly clears things up.
You forgot to add “allegedly”
That certainly clears things up.
Good stuff as always Ste but just a small point - I think we still would have failed FFP if UEFA hadn't changed the rule BUT if the rule hadn't been changed we would have escaped punishment.Written something defending City against the Der Spiegel leaks.
https://www.unibet.co.uk/blog/footb...sy-and-greed-across-all-of-football-1.1094771
Can the abuse of FFP be bi-directional? If it can, and UEFA come back to us, we should sue the ****s into the next decade for moving the goalposts on us.
Twats.
He sounds intriguing....I think he's said John isn't his real name and he lived in Portugal but might not be Portuguese and he was handed the data by someone and is not sure where it came from but it is not hacked
https://www.uefa.com/insideuefa/pro...-financial-fair-play/news/newsid=2581760.html
UEFA statement on Financial Fair Play
Monday 12 November 2018
©UEFA.com
Financial Fair Play (FFP) has led to a step change in the health of the finances in European club football. Seven years ago, European clubs had a cumulative debt of €1.7bn. Last year, it was a profit of €600m. Without question, it has been a success for the game across Europe.
FFP is a framework which clubs that wish to play in UEFA competitions agree to abide by. It relies on the cooperation of clubs to declare a complete and genuine financial position. While UEFA can test the information it receives, it relies on that information being fair and accurate reflections of a club's finances.
UEFA conducts an annual assessment of all clubs against the break-even requirements of FFP on a rolling three-year basis. This includes a thorough assessment of clubs' financial positions on the basis of both the information disclosed by the clubs (based on their independently audited financial statements), as well as a number of compliance checks and analysis undertaken by UEFA (including independent external audits). If new information comes to light that may be material to this assessment, UEFA will use that to challenge the figures and will seek explanation, clarification or rebuttal from the club concerned.
Should new information suggest that previously concluded cases have been abused, those cases may be capable of being re-opened as determined on a case-by-case basis.
This approach is applied universally to all clubs that apply for a UEFA licence and participate in European club competitions.
That's correct. I'm just finishing off a long and detailed piece proving, using UEFA's own documents (not hacked I hasten to add), just how that unfolded and impacted us. If I'm right, we were just over £1m short of being able to escape punishment after the rule change, having previously been just over £3m to the good. Very fine margins.Good stuff as always Ste but just a small point - I think we still would have failed FFP if UEFA hadn't changed the rule BUT if the rule hadn't been changed we would have escaped punishment.
Why do you think David Conn and the Guardian have held back in reviewing Der Spiegel's allegations. There's been the odd article in there but nothing major. I was wondering what line they would take.That's correct. I'm just finishing off a long and detailed piece proving, using UEFA's own documents (not hacked I hasten to add), just how that unfolded and impacted us. If I'm right, we were just over £1m short of being able to escape punishment after the rule change, having previously been just over £3m to the good. Very fine margins.
UEFA possibly regard City as their success story.
Interesting isn't it. Perhaps they've got ethical & moral dilemmas about writing stories based on stolen documents. Or perhaps Vicky Kloss has got them all locked up in a cellar under the CFA.Why do you think David Conn and the Guardian have held back in reviewing Der Spiegel's allegations. There's been the odd article in there but nothing major. I was wondering what line they would take.