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

[cheekybids]

State bailing out airlines....

 

[bluekeith]

If they cancel this season's champion league do you think uefa will try and get us to accept a one year ban backdated to this season so that they can come out of this mess looking like they are tough

 

[iwasthere1968]

If they cancel this season's champion league do you think uefa will try and get us to accept a one year ban backdated to this season so that they can come out of this mess looking like they are tough

No

 

[Citizen Green]

My friend made a great point yesterday, if UEFA lose their cash cows of the CL and Euro’s, surely they will look to settle out of court rather than a costly court battle?

 

[iwasthere1968]

My friend made a great point yesterday, if UEFA lose their cash cows of the CL and Euro’s, surely they will look to settle out of court rather than a costly court battle?

It would give us a hell of a bargaining chip !

 

[Centurions]

I don't think we will be excluded without a hearing but we have to get CAS to lift it. That was not our initial approach. I think we wanted a fast-tracked hearing. Now there seems little chance of that so we are going to have to get into a dialogue with CAS otherwise we wont be in the CL next season. All I am saying is that the effect of coronavirus means the ball has been put in our court now and we have to do something. I hope we already have.

From memory, if UEFA and City agree they can suspend the ban until the hearing, they don't need CAS's permission to do that.

 

[bobbyowenquiff]

My friend made a great point yesterday, if UEFA lose their cash cows of the CL and Euro’s, surely they will look to settle out of court rather than a costly court battle?

That is a great point. UEFA will be seriously weakened financially by this crisis. With TV and sponsorships it could be hit well into the hundeds of millions (its annual revenue is usually over £2bn). The last thing they can afford is a potentially catastrophic court battle. The other issue is that when the dust settles on the crisis UEFA will be desparate to attract external investment to help football get back on its feet. They can't afford to upset our owners. It will be a whole new landscape.

 

[Mikeegrini]

My friend made a great point yesterday, if UEFA lose their cash cows of the CL and Euro’s, surely they will look to settle out of court rather than a costly court battle?

That is a great point. UEFA will be seriously weakened financially by this crisis. With TV and sponsorships it could be hit well into the hundeds of millions (its annual revenue is usually over £2bn). The last thing they can afford is a potentially catastrophic court battle. The other issue is that when the dust settles on the crisis UEFA will be desparate to attract external investment to help football get back on its feet. They can't afford to upset our owners. It will be a whole new landscape.

Unfortunately they wrote into their opperating plan a cash reserve of at least €500,000,000. I think it's currently about €600,000,000 ish IIRC

 

[Coatigan]

Never mind the ban being suspended.
If no domestic leagues get finished how do they decide who qualifies for any UEFA competitions next season?

We do. regardless of what happens to the league. Carabao Cup mate, not a meaningless micky mouse trophy now!

 

[Coatigan]

I don't think we will be excluded without a hearing but we have to get CAS to lift it. That was not our initial approach. I think we wanted a fast-tracked hearing. Now there seems little chance of that so we are going to have to get into a dialogue with CAS otherwise we wont be in the CL next season. All I am saying is that the effect of coronavirus means the ball has been put in our court now and we have to do something. I hope we already have.

That is my understanding as well, i.e we have to Request the ban is suspended till a hearing is concluded. the club so far have reportedly not done so as they hoped for a speedy resolution, but the possibility is still there once the arbitrators are selected and give an indication of a timeline.

I trust the club, i doubt theyl sit it out and not ask for a suspension of the ban if it is looking likely this will stretch out.

 

[nmc]

State bailing out airlines....

state bailing out airline owned by French and Dutch carriers !

 

[bobbyowenquiff]

Unfortunately they wrote into their opperating plan a cash reserve of at least €500,000,000. I think it's currently about €600,000,000 ish IIRC

UEFA could lose that amount easily if this crisis lasts just a few more months. They may even get tangled up with lots of legal actions from sponsors and broadcasters related directly to coronavirus. UEFA has got deep pockets (not as deep as our owners) but fighting us in court would suck the life out of them. UEFA is now facing a commercial crisis which makes the City FFP case look like very small beer.
The same is probably true of City. CFG will be hit massively worldwide by coronavirus chaos. Sheikh Mansour will have taken a huge hit with the oil price war and now faces a global recession which will damage all his investments. The appetite for a legal battle must have been reduced on both sides. Both parties have now got bigger fish to fry. The same is probably true of CAS. The world will be changed by this pandemic and that includes football.

 

[KS55]

There is also another scenario that could happen further down the line if football is suspended for a far greater period perhaps affecting next years leagues clubs with substantial wealth through their owners will find little trouble with their finances, however, clubs with no such backing or substantial levels of secured debt like our friends across the city may have to go UEFA to allow them to spend money that would put them in danger of falling foul of FFP ! They could plead these as an emergency due to the current crisis, if UEFA didn't grant this thr possibility of clubs going to the wall could see them getting permission. If that was to happen the FFP would be finished as it would be impossible to aduicate it in the future. This may seem far fetched but even a club with the finances of United would have trouble with dwindling income and reduced capital as their 500m debt would become crippling !

I wonder about the rags' bank covenants. Is there provision for force majeur? Will their debts be called in?

 

[KS55]

We don't know the full facts about the Glazers' finances, but their malls are already in trouble. Will they have to sell the rags to make ends meet? Cue the entry of the Saudis, just about the only ppl who will have the cash. CFG might buy 10%, just to help them out, like!

 

[BamberBridgeBlue]

We don't know the full facts about the Glazers' finances, but their malls are already in trouble. Will they have to sell the rags to make ends meet? Cue the entry of the Saudis, just about the only ppl who will have the cash. CFG might buy 10%, just to help them out, like!

If you had a business empire, why would you sell the only profitable part that is propping up the rest of the failing assets? I reckon you would have to prise it out of the Glazers cold, dead hands.

 

[blue b4 the moon]

Last thing we want is uncle Malcs sperm to sell, I doubt anyone else will use them as a cash cow like they do.

 

[KS55]

If you had a business empire, why would you sell the only profitable part that is propping up the rest of the failing assets? I reckon you would have to prise it out of the Glazers cold, dead hands.

Becos they have debts to pay. We don't know the size of them or the terms but there comes a point when liquidation of assets, even profitable ones, is necessary. If banks call in their US debts.......

 

[JGL07]

We don't know the full facts about the Glazers' finances, but their malls are already in trouble. Will they have to sell the rags to make ends meet? Cue the entry of the Saudis, just about the only ppl who will have the cash.

You have not been paying attention to the collapse in oil prices?

 

[BamberBridgeBlue]

Becos they have debts to pay. We don't know the size of them or the terms but there comes a point when liquidation of assets, even profitable ones, is necessary. If banks call in their US debts.......

I see what you mean. And regarding your earlier post, we don’t know the Glazers financial situation. The last I heard was that United were “amply” keeping the failing malls afloat. That third hand info is 5 years old though.

 

[Tim of the Oak]

UEFA could lose that amount easily if this crisis lasts just a few more months. They may even get tangled up with lots of legal actions from sponsors and broadcasters related directly to coronavirus. UEFA has got deep pockets (not as deep as our owners) but fighting us in court would suck the life out of them. UEFA is now facing a commercial crisis which makes the City FFP case look like very small beer.
The same is probably true of City. CFG will be hit massively worldwide by coronavirus chaos. Sheikh Mansour will have taken a huge hit with the oil price war and now faces a global recession which will damage all his investments. The appetite for a legal battle must have been reduced on both sides. Both parties have now got bigger fish to fry. The same is probably true of CAS. The world will be changed by this pandemic and that includes football.

Good post bobby. I think we have much more incentive to see the appeal through and even to chance our arm in the Swiss Supreme Court (if necessary) because the punishment we are faced with totals a minimum of £150mil. It is worth the Sheikh risking £10mil to £20mil on lawyers unless UEFA offer us a very vary favourable out of court settlement.