I don't think a mass exodus was on the cards prior to the case being resolved. Predators no doubt looking at our squad encouraged by the usual press suspects. New contracts will no doubt give players a get out if the ban is upheld. No need to worry.
they are probably thinking there is more than football like we areI realise our case can't be resolved early in CAS as we had hoped, but reports in press now seem more centred on our players not leaving, rather than a CL ban not coming?
"Manchester City are confident that the threat of a Champions League ban will not spark a mass Etihad exodus. "
(Simon Mullock)
Fingers crossed :-)
Even if there would have been an exodus in normal times, perhaps not anyway IMHO I like to think our players are mentally superior to most of the others.I realise our case can't be resolved early in CAS as we had hoped, but reports in press now seem more centred on our players not leaving, rather than a CL ban not coming?
"Manchester City are confident that the threat of a Champions League ban will not spark a mass Etihad exodus. "
(Simon Mullock)
Fingers crossed :-)
A long but superb piece here covering the whole situation. Really covers all the bases.
https://boltfromtheblue.live/2020/03/23/fair-play-or-foul/
I agree. Nothing I've heard makes me believe that we'll reach a compromise. But that's his opinion and it's not entirely out of the question. Soriano trying to engineer a split between the UEFA bureaucracy and the G-14 might have been a clever way of saying "Grow a pair and sort this out instead of kowtowing to a handful of clubs trying to corner the market".A good read but having brilliantly examined all the facts comes to the wrong conclusion... (imho) how can we ever trust UEFA and find a compromise- they are unethical and cannot be trusted.
It may well be the only way for the time being, in fact I wouldn't be surprised if City & UEFA were already moving towards a settlement given the current world climate.A good read but having brilliantly examined all the facts comes to the wrong conclusion... (imho) how can we ever trust UEFA and find a compromise- they are unethical and cannot be trusted.
Borrowed money is not revenue, in the same way that your mortgage advance or a car loan isn't part of your annual income. Obviously you plan on your income being sufficient to repay the loan as well as cover all your other household expenses.Colin @Prestwich_Blue , I am confused by two issues and I wonder if you can enlighten me.
1. Can a club borrow money to finance the purchase of players? If a club borrows funds, do they count as income for FFP purposes?
2. Seen several refs to state aid to Barca and Real. Is there more than the tax advantage they received and the dodgy land deals?
Thanks in advance for your time.
Thanks a lot , Colin.Borrowed money is not revenue, in the same way that your mortgage advance or a car loan isn't part of your annual income. Obviously you plan on your income being sufficient to repay the loan as well as cover all your other household expenses.
When teams buy players there's the cash side of things, which is different to how we present them in the accounts. if we buy someone for £50m, we might pay £20m up front, £15m after 12 months and the final instalment after 18 months or 2 years. But we'll show the purchase in the accounts as an expense of £10m a year (assuming it's a 5-year contract). If we'd borrowed that £50m, that would just go into the balance sheet as a £50m asset in the bank account and a £50m liability in creditors.
As regards Real & Barca, I know Real did this dodgy deal whereby they sold some land to the council at an inflated price but I think the European Court cleared them of receiving state aid over that. Don't reall know much more about their finances though.
Borrowed money is not revenue, in the same way that your mortgage advance or a car loan isn't part of your annual income. Obviously you plan on your income being sufficient to repay the loan as well as cover all your other household expenses.
When teams buy players there's the cash side of things, which is different to how we present them in the accounts. if we buy someone for £50m, we might pay £20m up front, £15m after 12 months and the final instalment after 18 months or 2 years. But we'll show the purchase in the accounts as an expense of £10m a year (assuming it's a 5-year contract). If we'd borrowed that £50m, that would just go into the balance sheet as a £50m asset in the bank account and a £50m liability in creditors.
As regards Real & Barca, I know Real did this dodgy deal whereby they sold some land to the council at an inflated price but I think the European Court cleared them of receiving state aid over that. Don't reall know much more about their finances though.
The snag showing through your post is that Real do not play in red....Well that Real scenario certainly looks like state aid, and it certainly sounds like state aid,
The snag showing through your post is that Real do not play in red....
We were not wanted, at least with our owner We have rules that target us specifically then are relaxed for others We have on the field rules and new var technology skewed against us.
What makes us think things will change irrespective of CAS decision?
That's really excellent and has helped me fill some time today! A good reference point for future stories. The point made about UEFA bragging about clubs being in profit thanks to FFP as opposed to the reality that they are sinking in a pile of debt is well made. In any event the only reason any clubs make any profits is due to hugely inflated broadcast deals which, after this crisis, will never be as large again. FFP is one of the biggest lies ever put forward by any organisation. Isn't it strange that nowadays someone like David Conn seems to think FFP is a success and UEFA is a "respected institution." What do you think his motive is for taking such an obviously wrong position?A long but superb piece here covering the whole situation. Really covers all the bases.
https://boltfromtheblue.live/2020/03/23/fair-play-or-foul/