UEFA Financial Fair Play Rules - City in the clear

Neville Kneville said:
The Pink Panther said:
More holes than Swiss Cheese.

What happens when the benefactor sets up a company that sponsors the football club.
When the benefactor becomes sick and tired of football, he lets the sponsor go into admin.
The contract then isn't worth the paper it's written on.

Not only this scenario, we've had outside sponsors in the past that have gone tits up, First Advice and Eidos. The rags only just got out of jail with AIG
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That would only matter if the rules had been brought in for genuine, honest reasons rather than for Platini to kiss the arses of the 'elite' clubs & try to protect their Champions League places whilst in turn cement his power base.

UEFA & FIFA are corrupt, pathetic, useless organisations full of people promoting their own self interests & I wish we could sack the lot of them & start again.

Well done to fbloke btw. There was a lot of important stuff to be learned from his post even if some are too thick or smug to realise it.
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Cheers Nev' ;-)

I was somewhat surprised by the negative approach to the info in the first instance.

But hey now that the worlds media is catching up with Bluemoon then I suspect people might give the original info more credence?
 
johnny crossan said:
Any Swiss emails yet fb? Great work BTW.
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The first of a promised series landed the same day (ironically went to junk) but says very little.

I am waiting for more but I think the recent public statements at least confirm what was stated to me.


Communiqué aux médias No. 095
Medien-Mitteilung


UEFA Professional Football Strategy Council agrees on Financial Fair Play measures for club football

Following unanimous support by the UEFA Club Competitions Committee and the approval by the European Club Association Board (ECA), the Professional Football Strategy Council (PFSC) has today unanimously recommended that the Financial Fair Play concept be approved by the UEFA Executive Committee at its forthcoming meeting in Nyon on 14/15 September.

The PFSC is composed of representatives from the European Professional Football Leagues (EPFL), the players (FIFPro Europe), the clubs (ECA) and the UEFA vice-presidents.

The main purpose of the Financial Fair Play concept is to improve the financial fairness in European competitions and the long-term stability of club football across Europe. In order to achieve this purpose a set of measures will be put in place including:

- the obligation for clubs whose turnover is over a certain threshold, over a period of time, to balance their books, or "break even", (i.e. clubs cannot repeatedly spend more than the generated revenues)
- to provide guidance on salaries and transfer spending
- to provide an indicator on the sustainability of the levels of debt
- the obligation for clubs to honour their commitments at all times

These measures, which will reach beyond the current UEFA club licensing system, will stimulate long term investment (youth development and upgrading of sporting facilities) over short term speculative spending and adherence to the rules will be assessed by the recently formed independent Club Financial Control Panel.

Following the announcement, UEFA President, Michel Platini, said: "Financial Fair Play is crucial in order to promote the long term sustainability of European football and is entirely consistent with the sporting values we have in Europe. I have been asked by many clubs right across Europe to take action in order to protect our game. Now, thanks to the forward looking approach to develop these measures taken by all the stakeholders involved, including the national associations, the leagues, the players, and particularly the clubs, we are all in agreement. The principle has now been established and this is a major breakthrough. Now we will all have to work hard together over the coming months in order to put in place the all-important detail."

Chairman of the European Club Association, Karl-Heinz Rummenigge, said: "The European Club Association is leading the way in the battle for more rationality and discipline in club football finances. On behalf of the ECA, I would like to thank UEFA and especially Michel Platini for his initiative that goes, I believe, in the right direction. We have now agreed on the principles, the objectives and the timeframe to start curing our football. Of course, this is still work in progress and we will carry on meeting regularly with UEFA to work on the technical and practical implementation of these measures.”

The proposed measures on Financial Fair Play are to be introduced in UEFA competitions starting from the season 2012/13 and will also include a proposal to limit the size of squads which in turn will help clubs to limit their expenditure on salaries and transfers.
 
- the obligation for clubs whose turnover is over a certain threshold, over a period of time, to balance their books, or "break even", (i.e. clubs cannot repeatedly spend more than the generated revenues)

Wonder what the threshold might be...."over a period of time"..etc etc very vague.
Our revenue streams will pick up over the next few years..


- to provide guidance on salaries and transfer spendingGuidance?

Can you afford to spend £X million on players without spiralling into debt? Yes...ok do carry on

- to provide an indicator on the sustainability of the levels of debt

We havent got any. Next

- the obligation for clubs to honour their commitments at all times

Mansour to show commitment.
 
With all the vagaries of such information you then add to the mix the fact that there are no restrictions on owners doing any deal they want to show revenue.

If HRH wants to spend £2000000000000 on a gold plated seat in the directors box then he is free to do so.

If HRH, via an Abu Dhabi company secures a sponsorship deal worth £20000000000000000 a year then OK, np!

The fear of these Fair Play rules can now only impact on clubs who seek financing from outside sources.

Hmm Liverpool and United really are set apart now.

Oh dear how sad.
 
Thanks fbloke, this has been a very informative thread.

Does anyone else suspect (as I do) that the powers that be took on a very grandiose notion (that of bringing football's expenditure into line with the ways of the real world)... They looked into the mecahanics of setting it in place and have now, suddenly, realised just how all of that caviar/ champers/ lobster, that they have been bathing their gums in, over the past few decades, has been paid for... They've taken a deep, deep breath and whispered "Oooh sh*t! Best come up with a plan B!"??? And this is it? You can sponsor the club with a puppet company but you can't sponsor it out of your pocket. Wow! Financial genius, that is!

If you place a punctured football to your ear, at any given time, you can hear the beep, beep of all of UEFA and FIFA's honourable intentions reversing out the top window of a very high building.

On the plus side, it looks like we're in with the cool kids, so I suppose its f**k the saps who soldiered alongside us for the last hundred and twenty five years, eh? It's not right. I'll never pretend that it is but, God forgive me, I'll probably even learn to live with it, as long as we're alright, Jack.
 
The lovely folks of the continental associations and their leader M. Platini have a very different way of doing things (in general at least), they have a more social model than us Anglo Saxons.

What the powers that be failed to recognise was that you cant force these differing ways of doing business into the same shape.

Its the old bar of soap situation, you can squeeze and squeeze but eventually it will likely slip from you grasp and fly off somewhere.

The parallels with the Eurozone seems very, very apt and timely.

Greece, Ireland and Iceland are different to Germany, France and Spain but they are supposedly trying to work within the same framework of debt and investment and guess what the Greeks found a way wound it and have crashed the Icelandic economy played a cute game and got burnt and the Irish were almost forced into a property bubble by the framework of their entry into the Euro.

In my humble opinion they have upset as many clubs as the have pleased with these ideas but unfortunately for them theu have upset the biggies.

They have also overreached and thought too much of themselves as well. They thought they have influence and power where it doesnt exist.

They were slapped down by the EU as well and thats why I was told that as long as the business dealing a club enters into are legal then there is NOTHING UEFA can do about it. In more simple terms who the hell do you think you are UEFA?

Now its about saving face I suppose.

But I reckon they have lost face and indeed eroded their own power-base quite a lot during these 'consultations'.
 
mad4city said:
If you place a punctured football to your ear, at any given time, you can hear the beep, beep of all of UEFA and FIFA's honourable intentions reversing out the top window of a very high building.
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Excellent work their fella!
 
I think I am becoming addicted to fblokes posts - I get the strong impression that he knows almost everything about almost everything.

I swear if he told me to transfer all my money into his account and just said "trust me", I would be typing away within seconds.

Fbloke for US president!!

=^D

*this is not a dig by the way, I really do believe what he says!*
 
bowdonblue said:
I think I am becoming addicted to fblokes posts - I get the strong impression that he knows almost everything about almost everything.

I swear if he told me to transfer all my money into his account and just said "trust me", I would be typing away within seconds.

Fbloke for US president!!

=^D

*this is not a dig by the way, I really do believe what he says!*
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I might take you up on that suggestion ;-)

Im just pleased you find the info useful.
 
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