Blue Smarties
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Platini is a
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Platini just wont go away will he...
- Thread starter jake28
- Start date
Montgomery Burns
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- Joined
- 14 Apr 2007
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- 514
They could always get round it by gifting us a medium size oil well!
Or merge MCFC in with one of Abu Dhabi's most profitable businesses. MCFC would be just a small part of a much larger company. Overall the company would make a profit and hey ho, we're sorted.
Accounting. It really is the stuff of life.
Or merge MCFC in with one of Abu Dhabi's most profitable businesses. MCFC would be just a small part of a much larger company. Overall the company would make a profit and hey ho, we're sorted.
Accounting. It really is the stuff of life.
And if anyone thought it was bad in England....
Two days ago in the Wall Street Journal this great piece.
Interestingly the idea of owing tax is foreign to us in the UK but clubs have failed t pay their local and national taxes for years and years. That is now expressly forbidden under the new rules.
Two days ago in the Wall Street Journal this great piece.
Interestingly the idea of owing tax is foreign to us in the UK but clubs have failed t pay their local and national taxes for years and years. That is now expressly forbidden under the new rules.
Spanish football teams are shooting for a new goal: To break even.
In an effort to tackle reckless spending and rising debts among the 20 La Liga clubs, the country's top teams will be subjected to financial regulation by a new independent body established by the Spanish government to ensure that teams are living within their means.
Clubs won't be allowed to spend more than 70% or 75% of their income on player wages or transfer fees under new proposals from Jaime Lissavetzky, the country's secretary of state for sport, which are expected to come into force for the 2011-12 season and will include powers to exclude offenders from competition.
View Full Image
Associated Press
Real Madrid's Cristiano Ronaldo from Portugal, right, duels for the ball with Barcelona's Dani Alvez of Brazil during their La Liga soccer match on April 10, 2010.
"We have to learn from the subprime [mortgage crisis]," Mr. Lissavetzky said. "There will be an independent body that will allow clubs to take part in competitions according to the state of their accounts."
The new controls come as the combined debts of Spain's top-flight clubs leapt to €3.53 billion ($4.37 billion), according to an academic study by José María Gay de Liébena, a professor at the University of Barcelona and an adviser to UEFA. Barcelona and Real Madrid, the country's two biggest clubs, and lowly Numancia were the only teams to post an operating profit for the 2008-09 season—the latest for which accounts are available.
The salaries of star players such as Barcelona's Lionel Messi and Real Madrid's Cristiano Ronaldo helped drive up labor costs for La Liga clubs to 85% of total operating income in that period.
At several clubs, including perennial challengers Sevilla, Atlético Madrid and Valencia, spending on wages was significantly higher than the clubs' respective operating incomes. The combined La Liga debt for the previous season was €3.49 billion, Mr. Gay de Liébena's research showed.
The findings raise serious questions over whether Spanish clubs can satisfy the "financial fair play" rules that UEFA is expected to implement at the start of the 2012-13 season which require all teams to be operating within their income in order to participate in European tournaments.
"The situation in Spain is especially bad," said José-María Cruz, the vice-president of Sevilla. "There are six or seven of the 20 clubs in La Liga who are in bankruptcy or administration [a form of bankruptcy protection] through difficulties with social security and the tax authorities."
The scale of economic instability in La Liga was underscored last week when Real Mallorca, which finished fifth in the league this season and only narrowly missed out on a berth in next year's UEFA Champions League, filed for voluntary administration in an attempt to regain control of its finances. Mallorca had an operating income of €28.1 million for the 2008-09 season, according to Mr. Gay de Liébena's study . The team had labor costs of €34.6 million, contributing to a pretax loss of €5.2 million.
"Spanish football is in a very difficult situation, like our economy," Mr. Gay de Liébena said. "You can't spend more than you earn: This is the fundamental rule for economic survival."
Against this unsteady backdrop, many of Spain's top-flight teams are clamoring for a change to the way television revenue is distributed. Leading football clubs rely heavily on the cash from broadcast companies to finance player acquisitions and pay the huge salaries of the sport's leading players, with television income accounting for 39% of top-division football teams' total revenue across Europe.
But unlike the top leagues in England, France and Germany, where collective bargaining means television income is divided fairly evenly between each team, Spanish football allows its clubs to conduct their own negotiations.
That means La Liga is running on the most uneven playing field of Europe's major leagues: In Germany, France and England, the richest clubs make between two and three times as much television income as the lowest-paid teams, according to sports-marketing research company Sport+Markt. In Spain, Barcelona and Real Madrid—the world's wealthiest professional clubs—rake in more than double the broadcast revenue of Valencia, the country's third-placed team, and almost 19 times as much as minnows such as Xerez.
Cash-strapped rival clubs are now pushing for a change to this system and earlier this month issued a request to the government to introduce legislation forcing La Liga teams to adopt collective bargaining for broadcast rights.
But Mr. Lissavetzky says the government won't force teams to strike joint TV deals. "I don't think they want to see an interventionist government," he said. "There must be self-regulation, the clubs have to sit at a table and find the best model."
Meanwhile, Barcelona is considering a request to RFEF, the Spanish Football Federation, to have next season's curtain-raiser, the Supercopa, played as a one-off match rather than over two legs as usual.
The league champion, which will play Copa del Rey winner Sevilla in the game, is concerned that the early start will place an undue pressure on its players, many of whom will be involved in next month's World Cup in South Africa.
"Based on the starting date of the league, it would be very difficult to fit in all competitions," said Joan Oliver, Barcelona's general manager.
Boff
Well-Known Member
If worst came to the worst. we could buy UEFA and film Trading Places 2, swapping Platini with the unemployed tramp Lord Triesman.
Shooter 83
Well-Known Member
- Joined
- 26 Aug 2008
- Messages
- 4,234
This is the fella that went running to Juve for the cash.
Im sure our owners are much clever than this fat frog eating twat.
Im sure our owners are much clever than this fat frog eating twat.
leighton
Well-Known Member
What a fucking joke Platini should leave this to the experts and not jump into this straight away. Can you imagine a Champions League with out the likes of Barca , Real Madrid , AC Milan , Inter and add into that from the former top 4 teams over here Chelsea , Liverpool and the RAGS. It will lead to a breakaway league with the major European teams getting more money from the split adding to that those other leagues loosing those teams from there leagues. I can see them putting this on hold this time next year when they hear all these clubs wanting to do a breakaway league and all the major leagues getting on his back over those teams wanting out of there leagues.
BoyBlue_1985
Well-Known Member
leighton said:What a fucking joke Platini should leave this to the experts and not jump into this straight away. Can you imagine a Champions League with out the likes of Barca , Real Madrid , AC Milan , Inter and add into that from the former top 4 teams over here Chelsea , Liverpool and the RAGS. It will lead to a breakaway league with the major European teams getting more money from the split adding to that those other leagues loosing those teams from there leagues. I can see them putting this on hold this time next year when they hear all these clubs wanting to do a breakaway league and all the major leagues getting on his back over those teams wanting out of there leagues.
No dont worry massive debt is fine by platini as long as you a big club
This is another way of keeping the big clubs big and small ones on there knees thankfully we got brought early enough
Citizen Green
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- 8 Apr 2009
- Messages
- 7,271
Really worried about this
Manchester City, United, Chelsea and Liverpool maybe out of Europe, and what about Real Madrid? Just what do UEFA's new finance rules mean?
By Sportsmail Reporter Last updated at 11:30 AM on 28th May 2010
English clubs face a battle to qualify for European competition in future under regulations this week rubber-stamped by UEFA's executive committee, with sides involved in the continent's premier competitions only allowed to spend what they earn from 2012.
Clubs will still be permitted to have large debts, but only if they can service the interest payments as part of their overall spending.
The new rules would threaten the participation of Manchester City, who made a £93million loss last year, in European competition as well as Chelsea - who made a £47m loss - unless they change their spending habits. But Manchester United insist they will pass the new UEFA 'financial fair play' test, despite making a £93m loss last year.
But just how do the new rules apply to the Premier League and Europe's most famous sides? Sportsmail clarifies a few of the key questions below. A price worth paying? Big-money signings like Carlos Tevez (above) or Emmanuel Adebayor may mean Manchester City miss out on the Champions League, with UEFA keen to stop 'sugar daddies' like Sheik Mansour writing off losses
Q: What are UEFA's financial fair play proposals?
A: UEFA have decided that all clubs who want to play in European competition can only spend what they earn.
Q: Does that mean if any club makes a loss they are barred from European competition?
A: Not exactly - they have to show they are breaking even over a three-year period. There is also some flexibility with losses of up to £38million over three years allowed from 2012-15, and then £26m over a three-year period from then.
Q: What do the financial fair play rules say about debt?
A: The rules will not outlaw debt, but they do insist that any interest payments are taken into account when working out spending against income.
Q: Which Premier League clubs have most to fear?
A: Manchester City, who made a £93m loss last year, and Chelsea who made a £47m loss. Arsenal and Tottenham are fine, while Manchester United say they will pass the test, while Liverpool could do so too.
Q: What about clubs in the rest of Europe?
A: Barcelona do have big debts - around £420m - but they have been able to service them. Real Madrid's position is unclear - they say their debt is less than £300m, while some analysts put it at £609m, which would cause them problems passing the test.
Q: Who will actually decide which clubs have passed the financial fair play rules?
A: The Football Association and Premier League initially will issue the licence to English clubs. An independent panel appointed by UEFA called the Clubs Financial Control Panel will make spot-checks to ensured the rules are being adhered to.
Q: What about 'sugar daddies' such as Sheikh Mansour at Manchester City - can they write off the club's losses?
A: No, because that would be seen to be an unfair advantage. Rich benefactors will be allowed to invest in the fabric
Read more: <a class="postlink" href="http://www.dailymail.co.uk/sport/football/article-1282136/Manchester-City-United-Chelsea-Liverpool-maybe-Europe-Real-Madrid-Just-UEFAs-new-finance-rules-mean.html#ixzz0pEl1PxYp" onclick="window.open(this.href);return false;">http://www.dailymail.co.uk/sport/footba ... z0pEl1PxYp</a>
By Sportsmail Reporter Last updated at 11:30 AM on 28th May 2010
English clubs face a battle to qualify for European competition in future under regulations this week rubber-stamped by UEFA's executive committee, with sides involved in the continent's premier competitions only allowed to spend what they earn from 2012.
Clubs will still be permitted to have large debts, but only if they can service the interest payments as part of their overall spending.
The new rules would threaten the participation of Manchester City, who made a £93million loss last year, in European competition as well as Chelsea - who made a £47m loss - unless they change their spending habits. But Manchester United insist they will pass the new UEFA 'financial fair play' test, despite making a £93m loss last year.
But just how do the new rules apply to the Premier League and Europe's most famous sides? Sportsmail clarifies a few of the key questions below. A price worth paying? Big-money signings like Carlos Tevez (above) or Emmanuel Adebayor may mean Manchester City miss out on the Champions League, with UEFA keen to stop 'sugar daddies' like Sheik Mansour writing off losses
Q: What are UEFA's financial fair play proposals?
A: UEFA have decided that all clubs who want to play in European competition can only spend what they earn.
Q: Does that mean if any club makes a loss they are barred from European competition?
A: Not exactly - they have to show they are breaking even over a three-year period. There is also some flexibility with losses of up to £38million over three years allowed from 2012-15, and then £26m over a three-year period from then.
Q: What do the financial fair play rules say about debt?
A: The rules will not outlaw debt, but they do insist that any interest payments are taken into account when working out spending against income.
Q: Which Premier League clubs have most to fear?
A: Manchester City, who made a £93m loss last year, and Chelsea who made a £47m loss. Arsenal and Tottenham are fine, while Manchester United say they will pass the test, while Liverpool could do so too.
Q: What about clubs in the rest of Europe?
A: Barcelona do have big debts - around £420m - but they have been able to service them. Real Madrid's position is unclear - they say their debt is less than £300m, while some analysts put it at £609m, which would cause them problems passing the test.
Q: Who will actually decide which clubs have passed the financial fair play rules?
A: The Football Association and Premier League initially will issue the licence to English clubs. An independent panel appointed by UEFA called the Clubs Financial Control Panel will make spot-checks to ensured the rules are being adhered to.
Q: What about 'sugar daddies' such as Sheikh Mansour at Manchester City - can they write off the club's losses?
A: No, because that would be seen to be an unfair advantage. Rich benefactors will be allowed to invest in the fabric
Read more: <a class="postlink" href="http://www.dailymail.co.uk/sport/football/article-1282136/Manchester-City-United-Chelsea-Liverpool-maybe-Europe-Real-Madrid-Just-UEFAs-new-finance-rules-mean.html#ixzz0pEl1PxYp" onclick="window.open(this.href);return false;">http://www.dailymail.co.uk/sport/footba ... z0pEl1PxYp</a>
fathellensbellend
Well-Known Member
- Joined
- 30 Jul 2005
- Messages
- 4,311
so many ways around this it is untrue.
how can platini argue for a level playing field when every clubs situation is so different.
take arsenal for instance, they charge astronomical sums for corporate and top priced tickets, something a working class northern club could never do, is platini going to insist on every stadium being the same size and charge the same amount for tickets, if not, city simply sell an exec box to sheik mansour for as much money as we deem fit.
how can platini argue for a level playing field when every clubs situation is so different.
take arsenal for instance, they charge astronomical sums for corporate and top priced tickets, something a working class northern club could never do, is platini going to insist on every stadium being the same size and charge the same amount for tickets, if not, city simply sell an exec box to sheik mansour for as much money as we deem fit.