How UEFA shifted the goalposts on FFP. The definitive story.

[asahartford1]

I read somewhere a while back that his (D Gill) salary was circa £2m per annum and he was a member of a bonus pool of a rather significant sum linked to performance over a multi year period

In summary, every day he will look after the hand that feeds him 100% guaranteed full time etc

Even when he’s doing valuable work at or for FA

.... or UEFA

.... or FIFA

.... or PL ... or ECA

or down the golf club or the pub.

He does the exact job his paymaster require every time and everywhere he can.

BTW I also read that GPC when he agreed to become a rag-ambassador agreed to being paid £100k per day for up to 20 days or a cool £2M in a year.

Clear conflicts arise every week for Mr Gill and nobody seems to care.

Thanks. That is the figure I had in mind. So a club pays him that and he works also for a governing body that cannot show prejudice against or for any one club. 2+2

 

[I'm no cynic but...]

Also, I thought FFP was introduced to reduce debt in football? Real Madrid have the largest debt in World Football. Manchester United have the largest debt in the premier league. We are debt free.

Careful now. You have it sussed correctly but this isn't meant to be talked about!

 

[Prestwich_Blue]

Careful now. You have it sussed correctly but this isn't meant to be talked about!

As someone on Twitter said, you see clubs like Bolton struggling under the weight of their debts, the Oystons asset stripping Blackpool, SISU trying to run Coventry into the ground so they can get the stadium on the cheap, Portsmouth being used for money laundering, clowns like Ashley and the Venkys and, last but not least, the Glazers. All of them carry on virtually unmolested but which owner gets all the stick?

The one who revives a club on its uppers, funds it generously, without debt yet makes it self-sustaining, transforms the local area and has his team playing the best football the league has ever seen.

 

[waspish]

As someone on Twitter said, you see clubs like Bolton struggling under the weight of their debts, the Oystons asset stripping Blackpool, SISU trying to run Coventry into the ground so thry can get the stadium on the cheap, Portsmouth being used for money laundering, clowns like Ashley and the Venkys and, last but not least, the Glazers. All of them carry on virtually unmolested but which owner gets all the stick?

The one who revives a club on its uppers, funds it generously, without debt yet makes it self-sustaining, transforms the local area and has his team playing the best football the league has ever seen.

Someone from the Sun could write a good article all about that but no one would bother reading it or get many clicks from it! So it be slating city on how we a cheats because our owner invests in his own club!

 

[half & half derby scarf]

As someone on Twitter said, you see clubs like Bolton struggling under the weight of their debts, the Oystons asset stripping Blackpool, SISU trying to run Coventry into the ground so thry can get the stadium on the cheap, Portsmouth being used for money laundering, clowns like Ashley and the Venkys and, last but not least, the Glazers. All of them carry on virtually unmolested but which owner gets all the stick?

The one who revives a club on its uppers, funds it generously, without debt yet makes it self-sustaining, transforms the local area and has his team playing the best football the league has ever seen.

Interesting that you bring up the Oyston case. Another longish document but well worth the read is the summation from the recent Oyston v Belokon court case https://www.judiciary.uk/wp-content/uploads/2017/11/vbfa-v-blackpoolfc.pdf

The judge in that case (Justice Marcus Smith) held that a verbal agreement between Oyston and Belokon for the latter to acquire a substantial shareholding in BFC was reneged on by Oyston due to rules that would prevent him claiming back tax against losses if he didn't control over 50% of the club equity. Although we all know Oyston is a thoroughly nasty piece of work, this document elegantly deconstructs his layers of deceit and lays bare his convoluted system of creative accounting and asset stripping.

The reason I mention it is that from reading PB's article, i'm sure a similarly competent judge would find in City's favour if this ever went to court. (Very unlikely in my view).

1 point of uncertainty in the PB article is concerning the figure of £80 million that we were hoping to use to offset the loss from the 2010 contracts. £80m seems an unspecific figure from the Swiss crew. Surely these amounts could be gleaned from City's official accounts and would probably go a long way to validating PB's article irrevocably.

 

[Prestwich_Blue]

1 point of uncertainty in the PB article is concerning the figure of £80 million that we were hoping to use to offset the loss from the 2010 contracts. £80m seems an unspecific figure from the Swiss crew. Surely these amounts could be gleaned from City's official accounts and would probably go a long way to validating PB's article irrevocably.

I'm sure of the £80m because I was discussing the issue with Swiss Ramble for a while as we had different figures, both of which were somewhat less than that. He had contacts in UEFA HQ so he went in to talk to them and they told him about the £80m, which UEFA had agreed with us.

The figure was higher than both of us reckoned because although the FFP rules said that renegotiated contracts signed after 2010 didn't count, they said you could include the original amount.

So if you were paying someone £50k a week then put that up to £70k after June 2010, you could include the £50k in the allowable wages figure. David Conn was also given this figure by the club I believe. Its in one of his articles.

 

[taleofbluehalves]

As someone on Twitter said, you see clubs like Bolton struggling under the weight of their debts, the Oystons asset stripping Blackpool, SISU trying to run Coventry into the ground so they can get the stadium on the cheap, Portsmouth being used for money laundering, clowns like Ashley and the Venkys and, last but not least, the Glazers. All of them carry on virtually unmolested but which owner gets all the stick?

The one who revives a club on its uppers, funds it generously, without debt yet makes it self-sustaining, transforms the local area and has his team playing the best football the league has ever seen.

Good article PB. Your comments above show all that is wrong with FFP. It’s ironic that whilst the like of AC Milan called for FFP, they’ve also failed it, so there’s some justice in there some where!

 

[aguero93:20]

Good article PB. Your comments above show all that is wrong with FFP. It’s ironic that whilst the like of AC Milan called for FFP, they’ve also failed it, so there’s some justice in there some where!

Failed it and escaped a ban as CAS couldn't square the stated aim of the rules with banning a club showing a positive trend of losses.

 

[taleofbluehalves]

Failed it and escaped a ban as CAS couldn't square the stated aim of the rules with banning a club showing a positive trend of losses.

That’s why we won’t be banned!

 

[richards30]

That’s why we won’t be banned!

I think they want us banned for allegedly providing false information of how Etihad etc pay their sponsorship deals with us?