platini

[Shooter 83]

MICHEL PLATINI'S plan to make clubs live within their means was approved by UEFA yesterday.
Dubbed 'financial fair play' the new rules from 2012 will ban sides from spending more than they make from their revenues.

It aims to end the trend of rich owners buying into the game and transforming the fortunes of a club.

UEFA president Platini said: "We don't want to kill or hurt the clubs, on the contrary we want to help them in the market.

"The teams who play in our tournaments have all agreed to our principles."

UEFA general secretary Gianni Infantino said more than 50 per cent of sides lose money every year.

He said: "It's a negative spiral. We needed to take control once again.

"Debt, per se, is not negative. The moment where you can't finance the debt is the problem."

Of course they will agree with it. It means they will stay strong and will be cementing their place in the competitions!

 

[bluetonium]

Re: Twatini

Annoys me this - telling everyone about the plight of most clubs, knowing full well that they themselves have the power to do something about it. Redistribute some top European prize money to less fortunate teams in each division. But that would upset the European elite. Some values, UEFA.

 

[Rammy Blue]

Re: Twatini

read about this yesterday, usual shite but interesting that a longer piece said it will be 2012 when the rules come in.

shouldn't really cause us a problem as we will spend a few hundred million in the next few windows prior to the rule change.

 

[The Good Doctor]

Re: Twatini

I'm not too worried about this tbh. Hughes has already said we wont be spending at the rate we have done in the future anyway. We still have a few transfer windows in which to spend big money if needed then we'll be getting in younger players through one of the best academy's around.

 

[Balti]

Re: Twatini

Annoys me this - telling everyone about the plight of most clubs, knowing full well that they themselves have the power to do something about it. Redistribute some top European prize money to less fortunate teams in each division. But that would upset the European elite. Some values, UEFA.

^^^^^

An organisation intent on helping the rich get richer and feck the rest.

Same as the FA.

 

[Matty]

Re: Twatini

I'm not too worried about this tbh. Hughes has already said we wont be spending at the rate we have done in the future anyway. We still have a few transfer windows in which to spend big money if needed then we'll be getting in younger players through one of the best academy's around.

It'll be a major issue for us, unless the sheikh finds a way to give the club "gifts" or "sponsorship" to circumvent the rules.

Do you really think that our revenue comes even close to meeting our wage bill, yet alone funding any signings? Adebayor, Tevez, Robinho, Toure, RSC, Barry etc will all be on wages just below, or above the £100k a week level, that's probably £600k a week, on just 6 players, in basic wages, which doesn't take into account appearance fees, clean sheet/goal bonuses etc. Our wage bill will be in the region of £2m a week, put simply there's not a club on the planet that can afford those kinds of wages based on revenue.

 

[Chippy_boy]

Re: Twatini

There's a very easy way around it: We "sell" ADUG a city mug for the bargain price of say £500m. Sorted.

If Twatini's motives are to stop clubs getting into perilous debt, then the proposals will cause MUCH more pain at the "Theater of Debt" than at City. We don't have much debt because our owners gave us our money, they didn't lend it.

And regards the spending more than you earn move, like I say, we can easily get around that.

 

[KenTheLandlord]

Re: Twatini

There's a very easy way around it: We "sell" ADUG a city mug for the bargain price of say £500m. Sorted.

You think we would get that much for Benjani?




Apologises to Benjani for scoring the winner again on Sunday.

 

[Matty]

Re: Twatini

The only way around this I can see is for ADUG to "invest" a huge sum of money into City just prior to the rule coming in. That way we've got several hundred million pounds in an official MCFC account which would allow us to spend money, for a certain amount of time anyway, above our own natural level.

I think this ruling (a ruling clearly aimed at maintaining the status quo as Liverpool, United, Barca etc already have HUGE revenues so will remain the major spenders) will force ADUG into looking at ways to increase City's own revenue making ability. More lucrative sponsorship and corporate deals for example.

This will also reflect in increases in ticket prices at most clubs, the clubs will be able to defend this by claiming FIFA rules have forced their hands.

 

[The Good Doctor]

Re: Twatini

Do you really think that our revenue comes even close to meeting our wage bill, yet alone funding any signings? Adebayor, Tevez, Robinho, Toure, RSC, Barry etc will all be on wages just below, or above the £100k a week level, that's probably £600k a week, on just 6 players, in basic wages, which doesn't take into account appearance fees, clean sheet/goal bonuses etc. Our wage bill will be in the region of £2m a week, put simply there's not a club on the planet that can afford those kinds of wages based on revenue.[/quote]


The Sheikh can gift to the club can't he? If not then it obviously will be a problem but I was under the impression he could.