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

What do you think will be the outcome of the CAS hearing?

  • Two-year ban upheld

    Votes: 197 13.1%

  • Ban reduced to one year

    Votes: 422 28.2%

  • Ban overturned and City exonerated

    Votes: 815 54.4%

  • Other

    Votes: 65 4.3%
  • Total voters
    1,499
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Manchester United have announced their net debt has increased by almost £140m in their latest financial figures, even after posting another revenue increase for the first quarter of 2019-20.

Glad FFP is doing it’s stated intention of controlling debt levels
 
mike1923 said:
Manchester United have announced their net debt has increased by almost £140m in their latest financial figures, even after posting another revenue increase for the first quarter of 2019-20.

Glad FFP is doing it’s stated intention of controlling debt levels
Click to expand...

£384.5M now!
 
mike1923 said:
Manchester United have announced their net debt has increased by almost £140m in their latest financial figures, even after posting another revenue increase for the first quarter of 2019-20.

Glad FFP is doing it’s stated intention of controlling debt levels
Click to expand...
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.
 
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Prestwich_Blue said:
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.
Click to expand...
I do love it when you talk dirty.
 
mike1923 said:
Manchester United have announced their net debt has increased by almost £140m in their latest financial figures, even after posting another revenue increase for the first quarter of 2019-20.

Glad FFP is doing it’s stated intention of controlling debt levels
Click to expand...
We all know that huge debt is fine mate, having money and no debt needs to be challenged at all levels.
 
Fordyboy46 said:
We all know that huge debt is fine mate, having money and no debt needs to be challenged at all levels.
Click to expand...
Indeed.
Any club that shows a profit should automatically give it to UEFA as a thank you for allowing them to participate in their wonderful competitions.Showing no debt is nothing short of scandalous and that Club needs to be fined for showing their courage on how to run a superb business model.
Come on HH and Khaldoon pull your finger your and lets see more misery heaped onto our "friends" from all corners of the globe.
A truly shocking state of affairs.City you are a disgrace !!
 
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