Football Leaks/Der Spiegel articles

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.

So if the rags £450mil debt comes off the €600 profit, there must be a hell of a lot of other teams in debt.
Which means we’re one of the only teams in profit and we’re still being castigated !

Just a thought - if Sheikh Mansour bought the rags off the Glazers and decided move them to our academy ground, then sell all the players, change the kit to blue and transfer all our squad and change the name to City, would that be acceptable to G13? Or should he just buy them and shut it down and turn old toilet into a sewer farm?


CTID
 
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.
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.
 
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.
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.
 
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.
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.

My guess (and that's all it is) is that they've been offered City's exclusive response or something like that.
 

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