Financial Fair Play

[Bedfordspurs]

Re: O/T Financial Fair Play

Tevez wage slip, wouldn't be against a cool 400K net a month

I don't doubt the numbers are correct but this surely isn't real.

What did he get a £24 FA fine for?

Ask his NI looks too low compared to his PAYE (I'm no expert)

Also it says Emirates Marketing Project 08/09 in the top right hand corner??

 

[Jordinho]

Re: O/T Financial Fair Play

I don't doubt the numbers are correct but this surely isn't real.

What did he get a £24 FA fine for?

Ask his NI looks too low compared to his PAYE (I'm no expert)

Also it says Emirates Marketing Project 08/09 in the top right hand corner??

That would be the name of the company that owns the club. Not like any of them are being paid with money earned by the club.

 

[Bedfordspurs]

Re: O/T Financial Fair Play

That would be the name of the company that owns the club. Not like any of them are being paid with money earned by the club.

It's probably the case but what about his £24 fine

The date is on the right so that wipes out my theory

 

[southstand1882]

Re: O/T Financial Fair Play

Do footballers pay PAYE?

 

[Leeds Spur]

Yes. Most of them do. At least on a basic salary.

Then they use comes tax arrangements to avoid tax like Rooney an the public sand by and let them. tossers

 

[ArcspacE]

Re: O/T Financial Fair Play

Surely a fake?

 

[Jordinho]

Re: O/T Financial Fair Play

Spain's Malaga are one of nine clubs facing further punishment from UEFA over unpaid bills as European football's governing body tightens its financial controls.

UEFA said in a statement on Friday it had lifted the suspension of prize money for 16 of 23 clubs originally targeted in September after they wiped out arrears owed to other teams, their staff or tax authorities.

However, Qatari-owned Malaga, who have qualified for the last 16 of the Champions League in their debut season, failed to meet a deadline of end-September to show they had cleared overdue payments.

Their case has now been referred to UEFA's adjudicatory chamber that has a range of sanctions available including disqualification from current competitions.

After heavy investment to reach the Champions League, Malaga appeared to run into financial problems at the start of the season, delaying payments to players and selling others.

A Malaga spokesman said the club were working to settle debts "as soon as possible" and hoped to "unblock" the situation with UEFA very soon.

He also noted that midfielder Duda, one of the club captains, had said on Thursday that he and the players were satisfied with the guarantees they had received.

UEFA is introducing Financial Fair Play measures designed to force European clubs to balance their books. Clubs could face exclusion from European competition from 2014/15 onwards if they do not curb their losses.

Other clubs facing further action are Croatia's Hajduk Split and Osijek, Romania's Rapid and Dinamo Bucharest and Partizan Belgrade and Vojvodina of Serbia.

Poland's Lech Poznan and Arsenal Kiev of Ukraine also face action. They were not among the clubs originally targeted but their overdue payments situation deteriorated between June and September 2012.

http://fourfourtwo.com/news/spain/114789/default.aspx

 

[onlyme]

Re: O/T Financial Fair Play

Surely a fake?

Absolutely a fake but a very clever way to put a point across. Them and us and we expect these guys to care when eg Tevez could retire tomorrow and live in luxury most of us could only dream of
for the rest of his life. I don't begrudge any bugger any dough they earn but where sport is concerned the rule makers' task is paramount.

 

[Jordinho]

Re: O/T Financial Fair Play

Malaga have been banned from all UEFA club competitions for one season due to outstanding debts.

The Spanish outfit is one of nine clubs to have had sanctions levied against them following a meeting of UEFA's Club Financial Control Body.

Manuel Pellegrini's side will be prevented from entering the next European competition they qualify for and could face a further season's absence unless the club settles its debts.

Malaga, who are due to face Porto in the last 16 of this season's Champions League, have also been fined £244,000 for breaching UEFA Club Licensing and Financial Fair Play Regulations.

A statement on the UEFA website read: "Malaga is excluded from participating in the next UEFA club competition for which it would otherwise qualify in the next four seasons (i.e. 2013/14, 2014/15, 2015/16, 2016/17).

"In addition, Malaga will be excluded from a subsequent UEFA competition for which it would otherwise qualify (in the next four seasons) if it does not prove, by 31 March 2013, that it has no overdue payables towards football clubs or towards employees and/or social/tax authorities."

Five clubs are facing a three-year exclusion unless they can settle their outstanding debts by 31 March; Croatia's Hadjuk Split and Osijek, Rapid Bucharest and Dynamo Bucharest of Romania and Serbian side Partizan Belgrade.

Another Serbian club, Vojvodina, and Ukrainian side Arsenal Kiev were handed fines while a case against Polish side Lech Poznan was dropped.

http://www.teamtalk.com/news/2483/8349487/UEFA-has-banned-Malaga-from-European-club-competitions-for-one-season

 

[Rossi22]

Re: O/T Financial Fair Play

Ooooooo I wonder which mega rich club buys Isco, I can't handle the excitement.

 

[SpursLodge]

Re: O/T Financial Fair Play

This is ridiculous, so the clubs that over spend, whether deliberately or through miss-management are fined and punished because they can't pay off debt. Yet those with sugar daddies who overspend are free to continue to do so as long as they pay the tax bill and clear their debts with other clubs, which they will obviously do.

All these rules will do is put more poorly managed clubs out of business, which I thought was the exact opposite of what they were trying to achieve.

 

[P.D.]

Re: O/T Financial Fair Play

Emirates Marketing Project reported a loss of £97m and apparently because that's good progress from losing £200m the year before they will escape FFP sanctions, what a joke

 

[SWP29]

Emirates Marketing Project reported a loss of £97m and apparently because that's good progress from losing £200m the year before they will escape FFP sanctions, what a joke

Is it not good progress? We're on course to break even over the next few years, through reduced spending and higher income. We're not completely ignoring FFP like PSG, we're trying to comply with them, and initially that is all they're asking for.

All these rules will do is put more poorly managed clubs out of business, which I thought was the exact opposite of what they were trying to achieve.

The fact you mentioned the word 'business' makes it a completely different issue. If it is about the 'business', then surely the poorly managed clubs will surely fail?

 

[Mr. Green]

Re: O/T Financial Fair Play

Is it not good progress? We're on course to break even over the next few years, through reduced spending and higher income. We're not completely ignoring FFP like PSG, we're trying to comply with them, and initially that is all they're asking for.

The fact you mentioned the word 'business' makes it a completely different issue. If it is about the 'business', then surely the poorly managed clubs will surely fail?

SWP29, I respect you as a fan and personally love to see you on this board. But please don't dig too much into this FFP thing. We all know City got lucky since the FFP was introduced too late to catch clubs like Chel$ki and City now.

PSG is just trying to play catching up, if anything I think FFP actually helps Chel$ki and City by setting a barrier of entry.

 

[jts1882]

Re: O/T Financial Fair Play

Exactly. The FFP is to protect the elite.

The only question is who joined them in time. Unfortunately, Chelsea have, but the question is still out for City, PSG, Anzi, and Malaga (assuming they clear the current problem). All these clubs have money and expensive lawyers, so one can guess the outcome.

For newcomers it becomes more difficult.

 

[SWP29]

City fans have never said anything different. We were very lucky to get the money when we did. Conversely, we were very unlucky to be in the position where our owner was being hunted down by UN and seeking asylum in England. I personally think we'll comply, but just by the skin of our teeth. PSG won't and they know they won't so went out and spent £40m on a defender, £30m on a striker aged over 30, £30m on a winger and £15m on a 17-year-old.

Interestingly, one of the executives of the Qatari investment company in charge of PSG is none other than Michel Platini's son.

 

[P.D.]

Re: O/T Financial Fair Play

Is it not good progress? We're on course to break even over the next few years, through reduced spending and higher income. We're not completely ignoring FFP like PSG, we're trying to comply with them, and initially that is all they're asking for.

It is progress yes. But you mention that PSG are taking the tinkle but how is spending 38m on Aguero also not taking the tinkle? Or Savic for 10m or Nasri for 24m?

Same thing really but you are too blinkered to see it.

£97m is a huge loss and in fact only Chelsea and you have ever lost more in a season which says it all. If you were serious then you wouldn't renew peoples contracts on massive salaries etc. Your wage bill is still 87% of turnover and will only keep rising, probably at the same rate as your turnover so I don't see how you are being serious at all.

 

[Mr. Green]

Re: O/T Financial Fair Play

It is progress yes.

£97m is a huge loss and in fact only Chelsea and you have ever lost more in a season which says it all. If you were serious then you wouldn't renew peoples contracts on massive salaries etc. Your wage bill is still 87% of turnover and will only keep rising, probably at the same rate as your turnover so I don't see how you are being serious at all.

Yeah, talk about progress.

Everyone can see that the turnover is manipulated. I think when come to FFP, the way the NBA is functioning (focus on spending and not sustainable turnover) is more meaningful. But they only have 30 professional clubs all located in the same country (plus Toronto), so much easier to regulate.

World football is undoubtedly a big market, bigger than most US major professional sports. But every neutral market researchers will tell you City ain't in the category of the really really top echelon of football clubs (most influential or marketable) yet, and with all due respect, Machester is just not New York, LA, London, Paris or Milan.

 

[onlyme]

Re: O/T Financial Fair Play

Utopia. I wanna live there. Or do I?

 

[SWP29]

It is progress yes. But you mention that PSG are taking the tinkle but how is spending 38m on Aguero also not taking the tinkle? Or Savic for 10m or Nasri for 24m?

Same thing really but you are too blinkered to see it.

£97m is a huge loss and in fact only Chelsea and you have ever lost more in a season which says it all. If you were serious then you wouldn't renew peoples contracts on massive salaries etc. Your wage bill is still 87% of turnover and will only keep rising, probably at the same rate as your turnover so I don't see how you are being serious at all.

That's the thing though: it won't get worse. A MASSIVE proportion of our spending went on players who weren't even bit-part. Off the top of my head, the £200m loss included players like Wayne Bridge, Roque Santa Cruz, Bellamy, Adebayor, Michael Johnson and Martin Petrov, all of whom were on disproportionately high contracts. They came when we were literally throwing money at anything which had a semi over what our club could be. We gave Gareth Barry an £80,000 contract ffs, and as much as I love Gareth Barry, he isn't worth that much. Just looking at those players mentioned above, we shed about £40m which hasn't been accounted for yet! We are taking shameful losses on these players, but are more than making up for it in the added TV revenue.

The long and short of it is this: we're respecting the FFP proposals by reeling in spending (I know, I know) while cutting costs. PSG are spending more and more and more. Only one of these teams are flouting FFP.

There will always be criticisms of how we have won the Premier League and the FA Cup, and I'll probably get dig's abuse for saying this, but: I wish that every football fan feels the way I have in the last two years about their football team at some point in the future.

And £38m for a GHod amongst men like Sergio Aguero is not taking the tinkle