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Thread: Financial Fair Play

  1. #121
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    Quote Originally Posted by BonnieShels View Post
    Same thing applies to when you miss a payment on your credit card here; they up your rate.
    George Osborne had the same idea over here: Economy tanking? Let's make drastic cuts to improve things.

  2. #122
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    Quote Originally Posted by Stuttgart88 View Post
    George Osborne had the same idea over here: Economy tanking? Let's make drastic cuts to improve things.
    Always reminds me of a visit from the Danish finance minister during the boom in Ireland. He wondered why we reduced taxes in a boom. When logic says raise them and reduce them during a recession.
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    Quote Originally Posted by BonnieShels View Post
    Always reminds me of a visit from the Danish finance minister during the boom in Ireland. He wondered why we reduced taxes in a boom. When logic says raise them and reduce them during a recession.
    There was a number of sensible people who questioned this 15 years ago but the orthodoxy of all the main parties and the expectations of voters meant it was never properly challenged. I'd be interested to see what problems the Danes had in maintaining their policies.

  4. #124
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    There’s quite a bit of press coverage in the UK levelling criticism at UEFA and qualified support to Man City. Paul Hayward in The Telegraph, for example, is broadly supportive of the principle of curtailing gulf sugar daddies but argues that the Glazers’ mismanagement of Man United is a worse crime, as is the fiasco at Birmingham. UEFA should focus on this first. This misses the point though: these are issues for domestic regulators and the UK parliament is in the process of approving a Football Governance Bill dealing with club ownership. This Bill is being put forward because it is felt that the EPL hasn’t reacted appropriately to the DCMS Football Governance Report’s recommendations on this issue.

    Others, such as Oliver Kay in The Times, claim UEFA is punishing City for its spending on infrastructure and academies etc. Sky Sports News even had a pundit saying UEFA are punishing Sheikh Mansour for his generosity. Nonsense. Everyone surely knows by now that proper CAPITAL expenditure is exempt from the FFP calculations. It’s really only excessive CURRENT expenditure on player acquisition and wages that impacts the expenditure side of the FFP break-even figure.

    Furthermore, UEFA consulted with the major clubs (via the European Club Association) in devising these rules. The rules were flagged over 5 years ago and UEFA offered clubs a decent concession: if you fail the first breakeven test but only because of high wages already committed to before FFP was agreed AND if at the time of the first assessment you are overall trending in the right direction AND if these wages exceed the 2012 FFP deficit (these are all linked, not separate) then you’ll be treated leniently. Yet City CHOSE to add players on high wages after this point and are only trending in the right direction because of wildly creative accounting. Let’s be clear here: City knew the rules and deliberately broke them, expecting that UEFA won’t be tough. UEFA has called City’s bluff here.

    The 6th May and 30th April entries in Ed Thompson’s brilliant blog are interesting and I almost fully agree (I have one or two minor gripes).

    http://www.financialfairplay.co.uk/l...g-and-man-city


    http://www.financialfairplay.co.uk/l...tter-of-choice


    Also, in relation to Geysir’s earlier point about Platini’s prejudicial remarks saying no club would be excluded, the blog expands on this:

    Finally, It is worth pointing out that although Platini was recently quoted as saying that no clubs would be banned this season, UEFA quickly confirmed that this was a misquote and that Platini had only said that he didn't think any clubs would be banned. UEFA were also quick to point out that Platini does not have any say in the CFCB process and any decision is in no way up to him. However it is inconceivable that he is not aware of the 'plea-bargains' being discussed and their likely acceptance by the clubs - clearly he expects all impacted clubs to accept their plea-bargains.”

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  6. #125
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    As far as I can make out, PSG have admitted their sponsorship deals were inflated and are agreeable to pay their fine on the HP, spread out over 3 seasons.
    And Man City are whinging, amongst the whinges that Platini only went after them to make UEFA look better to Platini's mates in Qatari, that it looks better if UEFA also target Man City with similar sanctions as PSG.

    That inappropriate controversial statement from Platini could now be seen in a different light, the one where he implied/stated that no clubs would be barred over their FFP infringements. The UEFA committee then impose a harsh penalty, creaming off the clubs' prospective CL prize money. Then the choice of participation in the CL is with the clubs, the choice is accept the harsh financial penalty or you will be dicing with expulsion. If the clubs don't comply with the UEFA sanctions, they will be forcing the expulsion decision upon themselves. Platini can then conclude his Pontius Pilate stunt, "well, I did try".

  7. #126
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    Richard Scudamore was on TV last night saying it's hard to say that City have done anything morally wrong, as the feature was showing the massive amounts invested in infrastructure and what has been built.

    This is pure sophistry and outright misleading though. UEFA has not counted a single penny of this investment in calculating City's losses. These amounts are completely exempt from the break even calculation. It's the continuous overspending on players and paying huge wages and the wildly fanciful creative accounting to inflate the revenue side of the equation that they are being punished for.

    Anyway, it seems like City have been presented a final settlement offer which the club is discussing with Sheikh Mansour over the weekend. All will be revealed on Monday. If not accepted, the case will go to the "adjudicary chamber" for final sanction, which I think can then only be appealed to CAS.

  8. #127
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    And in a World Cup year.

    Calciopoli broke in 2006 didn't it... We all know what happened there.

    England are certs now... You know... To have an excuse for their second round exit.
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  9. #128
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    Are there no lengths City will go to to avoid punishment?

    http://www.theguardian.com/football/...anchester-city

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  11. #129
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  12. #130
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    Quote Originally Posted by Stuttgart88 View Post
    Are there no lengths City will go to to avoid punishment?

    http://www.theguardian.com/football/...anchester-city
    Did he fall or was he pushed or....... did he just topple over?

    Disappointing that MC slipped away almost unpunished considering that UEFA had them by the throat and the balls.......... no one expected the uefa probation.

  13. #131
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    Six years on, and it seems Man City have got away with it, with a fairly pointless 10 million euro fine (why even bother with that?) and a slap on the wrist for obstructing an investigation. I'm not sure if FFP is dead and buried, but it does not appear to have had a significant impact on the runaway financials of certain clubs: now there appears to be a blueprint along the lines of "deny, delay, appeal and eventually you'll get your way".
    Author of Never Felt Better (History, Film Reviews).

  14. #132
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    I think we need to see the full CAS written verdict before we can draw any firm conclusions.

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