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Post by kenthoop on Jul 13, 2020 9:48:05 GMT
Man City European ban overturned ,10 million pound fine how much was ours for breaking FFP ? peanuts to them
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Post by bowranger on Jul 13, 2020 10:34:43 GMT
Wish I was more surprised.
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Post by marshbowles10 on Jul 13, 2020 12:05:56 GMT
This is really not even a fine.
Here's the money that the Champions League generates per club
Each club that qualifies for the last 32 receives a fee of 15.25 million Euros. IN ADDITION there is a group stage bonus of 2.7 million Euros for winning a game and 900,000 Euros for a draw.
Teams the qualify for the last 16 get a 9.5 million Euro bonus
Teams that qualify for the quarter finals a 10.5 million Euro bonus
Teams that qualify for the semis 12 million Euros
Finalists get 15 million Euros each plus an additional 4 million Euros for the eventual winner.
The smaller clubs haven't a chance against this type of revenue opportunity.
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Post by Ashdown_Ranger on Jul 13, 2020 13:00:40 GMT
Hmmm, was justice done, or were brown envelopes involved??  |
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Post by londonranger on Jul 13, 2020 17:53:10 GMT
Money talks, Poverty walks.
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Post by harr on Feb 6, 2023 11:09:36 GMT
BBC
Manchester City charged with breaking financial rules by Premier League
The Premier League has charged Manchester City with breaking its financial rules following a long-running investigation.
It has referred the club to an independent commission over alleged breaches between 2009 and 2018, and accused City of not co-operating with the investigation from December 2018.
In a statement the Premier League said City breached rules requiring them to provide "accurate financial information that gives a true and fair view of the club's financial position".
This information included the club's revenue, including sponsorship revenue and operating costs.
Further alleged breaches relate to rules requiring full details of manager remuneration - from the 2009-10 to 2012-13 seasons, when Roberto Mancini was in charge -and player remuneration between 2010-11 and 2015-16.
The Premier League said City breached rules related to Uefa regulations - including Financial Fair Play (FFP) - from 2013-14 to 2017-18, as well as Premier League rules on profitability and sustainability from 2015-16 to 2017-18.
In 2020 City had a two-year ban from European club competitions overturned by the Court of Arbitration for Sport (Cas), after Uefa ruled that City committed "serious breaches" of FFP regulations between 2012 and 2016.
Last season City won their sixth Premier League title since the 2008 takeover by the Abu Dhabi United Group.
More to follow.
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Post by Macmoish on Feb 6, 2023 12:10:01 GMT
I wonder if Man City are any worse than the others?
They should all be punished...
Football should be far better regulated - Like any other company
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Post by robindubois on Feb 8, 2023 9:15:29 GMT
They face 100 charges going back years - not a small issue and they reckon by the time it all goes through the courts it will another 4 years, during which time they will carry on and rake in enough cash to cover any fine. The only punishment that would fit is relegation to the 4th tier.
Of course I am assuming they are guilty but even if they are who knows what their lawyers will come up with. Although on the face of it I cannot see how they can justify their actions. The charges relate to 2 areas - both things TF and co could have done with us but at least we chose to"cheat" more openly.
The first set of charges relate to the club overstating its income from sponsorship which counts for FFP income when in fact much of it was straight cash from the owners paid in via various devious routes which should be relatively easy for a forensic accountant to prove.
The second again fairly obvious was that their managers have not been employed by the club but by associated companies of the owners with only a small portion of their cost passed on to the club, thus understating the clubs expenses and improving their FFP numbers.
Given this it appears obvious one has to ask why it took 4 years at least to get round to making charges - maybe because City refused to co-operate which again strengthens the argument that if guilty their punishment should harsher.
What would be interesting but outside of football is if the case brings to light evidence of money laundering - not beyond belief - come in the fraud squad.
Will we ever know - come back in 5 years time to see the outcome. Plus if City have done this how many of the "big 6" of the PL have done similar? More than a couple I expect . Meanwhile we are consigned to signings such as Chris Martin to make sure we are playing by the FFP rules.
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Post by Lonegunmen on Feb 8, 2023 9:37:36 GMT
If I was a Chelski fan I would be very nervous. Those former owner dealings could haunt them and rightly so.
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Post by londonranger on Feb 9, 2023 15:46:24 GMT
They could have many points deducted, Even relegated? Well remember when City were in the 3rd tier. Let the punishment first the crime.Frankly doubt if that will happen. Buying Jack Grealish is enough punishment? One touch and he falls over.
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Post by Lonegunmen on Feb 9, 2023 20:24:19 GMT
Amazingly or coincidentally, "Super League" raises it's head again, there's a surprise. With 80 clubs - yeah right. Two Spanish clubs are so financially screwed, they'll jump on board again. All these "rich" clubs need to be held accountable and pay the piper. When you think we got a 40 million pound fine for buy well passed their used by date players, clubs like City, Chelsea, or anyone else doing similar money washing from 2008 onwards, should be getting fines around 500+ million pound. And that money should go directly to the Lower & Non League clubs to help them out with ground improvements and debt because of Dodgy owners. Bury springs to mind. Clubs with Dodgy owners whom are fleecing the clubs should be removed and replaced with a board with a mixture of fan reps and more financial responsibility.
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Post by robindubois on Feb 10, 2023 9:30:40 GMT
Agree that any fines should be used to fund lower league teams. Our fine was watered down a bit with the debt to equity swap which effectively hit the owners in pocket creating equity which is basically worthless. However from memory the cash portion of the fine was to be paid in 10 annual instalments, again from memory about 1.5 million a year. At the time we were told the the cash fine would be donated to charity - a ridiculous idea to take much needed cash in the lower leagues out of the game. To date I have not seen a single word about which charities have benefited from our fine, who chose them, have they said a word of thanks or are we even still paying and for how much longer. The information must be out there somewhere but does anyone have an idea.? I understood the annual fine payment was not to be taken into account as an expense for FFP so it does not affect our FFP position but the cash must be coming from somewhere - probably the owners so when it is fully paid they or the club will have one millstone removed from it's neck. The reality is that 1.5 million does not even pay the weekly cost of Chelseas latest signing - sick.  |
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Post by Lonegunmen on Feb 12, 2023 8:26:42 GMT
but 1.5 million would sort Bury out
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