UEFA FFP investigation - CAS decision to be announced Monday, 13th July 9.30am BST

[Gazza]

Is it bad to get a tingle when there is a discussion about the scums finances ?

I see the United ladies' team were the first to feel the cut-backs ;-

 

[cityontheup]

Not been reported on BBC yet...no surprise there !!

 

[Rammy Blue]

Net debt is as meaningless as net spend. It's just total debt minus cash. Clubs get loads of cash at the end of the season, from UEFA & the PL, so cash balances are generally high at year-end, meaning net debt is lower. As they start to spend that cash, on transfers, wages and other operating expenses, it goes higher. Their total debt is almost certainly still the same.

UEFA have been very sneaky about the way they report on levels of debt under FFP. For one thing they only use net debt, taken from year end accounts. As I've explained, it's not a great measure & is generally at its lowest then. Then they report it as a percentage of revenue. So if total revenue across UEFA's clubs in 2010 was €10bn and net debt was €6bn, it'll be reported as being 60% of revenue. If in 2018 total revenue has increased to €18bn and net debt is still €6bn, it'll be reported as 33% of revenue and UEFA will claim it's fallen to nearly half the level it was in 2010. Yet the absolute level of net debt hasn't changed by a penny.

Update: Just checked their financial statements and their gross USD debt remains unchanged. However they've burned through £170m cash in the 3 months to Sep 2019, compared to a small net increase for the same period in the previous year. Not getting even into the Europa League next season could cost them another £100m cash easy.

Tick fucking tock.

I assume they burnt through all that cash whilst signing their stellar new players in the summer?

 

[SilverFox2]

I assume they burnt through all that cash whilst signing their stellar new players in the summer?

At least they are spending it on football players and agents rather than using it all to service the debt and enhance Glazier family fortunes.

 

[jimharri]

Im still here. I will provide an external link at the latest Monday midday. I will look forward to the twitter storm.

Still waiting fella. Tell you what; I'll give you another few hours to come up with the link you promised. How's "Nyon", by the way?

 

[Rochdale Blue]

I see the United ladies' team were the first to feel the cut-backs ;-

looks like the Sir Rednose stand has had a make over.

 

[kaz7]

Still awaiting this link from "Nyon".


Fascinating what map coordinates can reveal.

#justsayinglike

Spill jimbo

 

[jimharri]

Spill jimbo

It's a common problem among blokes. According to my mate.

 

[KS55]

Net debt is as meaningless as net spend. It's just total debt minus cash. Clubs get loads of cash at the end of the season, from UEFA & the PL, so cash balances are generally high at year-end, meaning net debt is lower. As they start to spend that cash, on transfers, wages and other operating expenses, it goes higher. Their total debt is almost certainly still the same.

UEFA have been very sneaky about the way they report on levels of debt under FFP. For one thing they only use net debt, taken from year end accounts. As I've explained, it's not a great measure & is generally at its lowest then. Then they report it as a percentage of revenue. So if total revenue across UEFA's clubs in 2010 was €10bn and net debt was €6bn, it'll be reported as being 60% of revenue. If in 2018 total revenue has increased to €18bn and net debt is still €6bn, it'll be reported as 33% of revenue and UEFA will claim it's fallen to nearly half the level it was in 2010. Yet the absolute level of net debt hasn't changed by a penny.

Update: Just checked their financial statements and their gross USD debt remains unchanged. However they've burned through £170m cash in the 3 months to Sep 2019, compared to a small net increase for the same period in the previous year. Not getting even into the Europa League next season could cost them another £100m cash easy.

Tick fucking tock.

Thanks PB, informative as usual. We missed your expertise when you were away.

 

[paulchapo]

I can't wait for this whole shit show to be over one way or another. I think since our first title in 2012 UEFA, the premier league, the FA and the media have launched a disgraceful and concerted smear campaign and dreamed up more and more petty rules and regulations to slow is down, trip us up and suck as much joy as they could out of our achievements. I absolutely detest the whole corrupt stinking lot of them!

 

[George Hannah]

I see the United ladies' team were the first to feel the cut-backs ;-

that satellite dish has seen better days too

 

[cleavers]

Clubs get loads of cash at the end of the season, from UEFA & the PL

Just less so in their case ;-)

 

[razman]

 

[KS55]

I wonder if they already KNOW what will happen.

 

[Prestwich_Blue]

I wonder if they already KNOW what will happen.

Sounds increasingly like they do.

 

[paulchapo]

Sounds increasingly like they do.

Can't trust UEFA one iota. They have screwed us over before and changed the goalposts so I have no doubt they could do it again, but hopefully they know it will be a long costly fight if they do.

 

[King KdB of Belgium]

We must be 1 of the few clubs which actually runs up no debt. Just think about it, if UEFA say from the end of the 21/22 season only clubs which do not have a loss at the end of the previous season will be allowed to take part in this seasons UEFA competitions. I wonder how many of the clubs which are now in the premier league would qualify for either UEFA competitions.

 

[Cobwebcat]

It’s a good job UEFA kept their beady eye on us...we might have gone bust....but thanks to FFP we scraped by.

Meanwhile Bury FC don’t exist which is surprising as debt doesn’t matter to FFP so they should be thriving.

It’s almost like FFP is a big load of effing crap.

 

[Marvin]

Sounds increasingly like they do.

The full quote is:

The Directors are entirely confident of a positive outcome when the matter is considered by an independent judicial body.

Are they referring there to CAS, or UC of UEFA? Minor point. Would you refer to UEFA's UC as independent? More so than the IC I guess but more likely they are referencing CAS?

 

[MillionMilesAway]

The full quote is:

The Directors are entirely confident of a positive outcome when the matter is considered by an independent judicial body.

Are they referring there to CAS, or UC of UEFA? Minor point. Would you refer to UEFA's UC as independent? More so than the IC I guess but more likely they are referencing CAS?

I assume that the AC decision making is independent of UEFA's ruling council. I assume that UC means AC.