PL charge City for alleged breaches of financial rules

FFP has been replaced by I don't know what to call it

but the thing that matter is we'll only be able to spend 70% of ALL REVENUE.

So a team makes 1 billion a year, can only spend 700 mil.

But a team that only makes 100 mil can only spend 70 mil.
 
paulchapo said:
I think Noel and Liam Gallagher popped up on this thread so here's an extended version of the interview he did on talksport, worth a watch

Click to expand...

Blue_eyes said:
Surely, until they pay off their £500+ million pounds debt, it should be classed as the banks money?

Of course, according to ffp debt is good, and I am sure that our owners credit score would allow him to borrow any amount at very reasonable interest if he wanted to splurge silly money.

Why should he have to borrow though when he has money that comes with no interest payments.

If I saved up the cash to buy a car for example, but the dealer said I could only have it through a loan, I would tell him to do one.

Its the way these things are represented to the rag/dipper fans that empower their hate toward us.

Clear and obvious.
Click to expand...

That’s a really good point, I mean it is their money. I mean technically they own a portion of the club. If they don’t meet the repayments, they’ll be huge problems, so yeah, they have a strangle hold over them for sure. The best example of this though is with Barca.

Barca are a club who are in over £1B in debt and have just taken another finance deal for over £1B to revamp their stadium. They still owe £100M in transfer fees to around 20 clubs and another £100M in wages to players. I believe they’ve not actually paid the full amount of money for Coutinho yet, and I’m not even joking. But yet they spent £100M in the last transfer window and complied with FFP!

Barca sold 25% of their television rights for the next 25 years, to a private equity company. They sold 25% of their production company and 49% of Barca TV. They sold their soul a long time ago, but now they’re selling their future and their history. The rumours are, next they’ll sell the ‘Licensing and Merchandising arm’ of the club, reportedly for £175M. Then more television rights, possibly for around £425M. Which means they’ll be able to splash again and comply with the farcical FFP. But our owner isn’t allowed to give us money from his own pocket. It’s beyond a joke.
 
Our good friends from Trafford are NOT £500m in debt, that is not true.

it’s actually £1000m or a cool billion…

www.sportindustry.biz

man UTD Financial Results Reveal £1bn Debt - Sport Industry Group

Manchester United has recorded a net profit for the first time since the COVID-19 pandemic but the Premier League club’s money owed remains close to £1bn. The club’s quarterly accounts for the three months ending December 2022, released on Thursday, reveal it posted a £6.3m net profit, even...
www.sportindustry.biz www.sportindustry.biz
 
Dinas said:
This is what the media should be picking up - that not only does FFP not create a level playing field - but that it has profoundly negative impact like this. Wolves is a great example as they will always find it difficult to generate the necessary revenue and grow as globally as we have. They are confined geographically with all their neighbours like Villa and the East Midlands clubs. They need that extra owner investment - but because of the actions of the greedy cartel clubs their fans are most likely to be robbed of top-flight football or confined to the bottom half of the table. Notwithstanding our current issue with the PL we have gone past this stage and have played them at their own game. But the whole FFP thing is a nonsense and it depresses me when I see fans of other clubs defending it as though it was some great innovative strategy. It's not fit for purpose and the media should discuss it in this way.
Click to expand...
The only 2 sports journalists who called out ffp for the correct protectionist, anti-competitive practice it is was Martin Samuel & Stuart Brennan (now retired). In my eyes Martin is the only decent sports journalist out there. The rest of them aren't worth a wank.
 
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