PL charge City for alleged breaches of financial rules

[Chi-town blues]

I asked this question before but I still don’t know if uefa conducts third party audit by an independent body ?
I’m sure they budget each year but all these fine they have been collecting, that’s a net profit racked up over the years .Where does that money go?

 

[TinFoilHat]

Clubs in Glass houses...

Have a feeling there a tsunami about to hit PL football.

The drip feeding of Cahvs and rags failing for "minor" breaches is just the beginning.

Ironically they could create the league they were fearful off because they fucked themselves over with rules meant to stop us.

 

[Elbow beards]

All these rule changes but not a mention of loading debt on clubs, mmm wonder why? Surely this is the most corrosive problem with the game.

 

[adr2.8i]

All these rule changes but not a mention of loading debt on clubs, mmm wonder why? Surely this is the most corrosive problem with the game.

You'd think so wouldn't u?? But debt is good apparently.

 

[Stoned Rose]

If Newcastle get into the top 4 on a regular basis the Premier league management, rags, livarpool, the arse and the other north london club via gill and company will be changing the ffp rules again. Of that I have no doubt. Football in my opinion is corrupt.

Won’t be long before England gets 7 CL spots.

 

[Alan Harper's Tash]

I hate the Americanisation of sport in general.
If ‘soccer’ goes that way, I’m out.

It’s crazy that people want socialism in sport to allow a level playing field, whereas it’s a dirty word when it comes to politics.

Not sure there will ever be a salary cap as each country would have to adopt the same rules. Plus, Saudi Arabia would just take all the best players if they got paid more.

 

[itsnevereasy]

The downside to normal fans of FFP is that clubs will focus on growing revenue rather than cutting costs. The vast majority of increasing revenues will be commercial deals but that extra 2% that might be needed to pass FFP… put the ticket prices up, put the prices of drink and food up, charge more for shirts etc.. and us fans get hit in the pocket.

The even bigger downside is that FFP is all done to protect the teams not owned by people from a certain area of the world.

 

[lancs blue]

You'd think so wouldn't u?? But debt is good apparently.

Debt is likely to be much less attractive as an option as base rates are likely to stay at around 5 to 6% for the foreseeable future, meaning interest payments will be substantially higher when existing loans are renegotiated. Banks and finance companies are not noted for their generosity.

 

[StillBluessinceHydeRoad]

I get the impression from some posts that the belief that City are accused of not meeting FFP rules. This is not and cannot be the case because City have been granted a license to play in UEFA competitions every season since the 2011-12 season. The charges brought by the PL are much more serious since they would require proof of criminal behaviour to uphold them. It seems (and we are not certain what the charges are in detail) that the claim is that City have falsified the club's accounts to maintain that the club's income is higher than it is in reality. In particular it is claimed that what is income from sponsors is, in fact, investment from the owner. This may be (and probably certainly would be) prohibited by FFP but the payment itself would not be against the law, though the misrepresentation and false accounting would be.

 

[East Level 2]

All these rule changes but not a mention of loading debt on clubs, mmm wonder why? Surely this is the most corrosive problem with the game.

You'd think so wouldn't u?? But debt is good apparently.

Debt is OK as long as it can be serviced. I'm happy with the rags spending money servicing their debt as otherwise they'd spend it on the team and might get a decent player accidentally.