Heroes & Villains, the Aston Villa fanzine
Heroes & Villains => Heroes Discussion => Topic started by: KRS on October 01, 2010, 12:30:17 PM
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Just announced on SSN with no in depth figures or time scale...
Turnover: £125m
Wages: £130m+
Losses: £121.3m
As we all know, this is a completely unsustainable football club but will he keep throwing money at it until they are contesting or winning the Champions League every season?
How can the FA or FIFA allow a club to be operating in such a way? Will the new rules really change anything?
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Gianni Infantino: "clubs in breach of the rules will be barred from the Champions' League and the Europa League. Otherwise we lose all credibility".
This isn't just some typical UEFA messing around at the tip of the iceberg, this is Platini's lovechild in legal form. He and the whole of UEFA really are staking everything on this. Garry Cook (Cock) knows this, and has described meeting the new rules as a "major challenge". Make no mistake, this summer was the last time City were able to spend like this beyond their means. I don't doubt there may be some major selling next year to finance some bigger moves in addition to the £40m-odd Mansour is allowed to put in, but they can no longer operate as far beyond clubs like ourselves as they have done.
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Seems a bit unfair that. Is it just because its Citeh? and not Milan, Barcelona or Liverpool.
Someone else with bigger pockets than the current Big Pockets is going to take the CL trophy off em. Like its ever been any different, money rules.
The Monopoly failing is it. Liverpool cant make the top 4 any more so lets make up a new rule. Of our regular top 4 , three are always in debt, never stopped them being 'allowed' to compete.
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Gianni Infantino: "clubs in breach of the rules will be barred from the Champions' League and the Europa League. Otherwise we lose all credibility".
This isn't just some typical UEFA messing around at the tip of the iceberg, this is Platini's lovechild in legal form. He and the whole of UEFA really are staking everything on this. Garry Cook (Cock) knows this, and has described meeting the new rules as a "major challenge". Make no mistake, this summer was the last time City were able to spend like this beyond their means. I don't doubt there may be some major selling next year to finance some bigger moves in addition to the £40m-odd Mansour is allowed to put in, but they can no longer operate as far beyond clubs like ourselves as they have done.
They can address the spending on transfers issue, but what about wages? Currently over 100% of turnover and any they ship out will sit tight unless they get a settlement on their £200-a-week contracts.
It'll all end in tears, as many have said from the start.
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i imagine some lawyer somewhere is working on the loophole for certain clubs, as we speak...
cant have anything upset eufas 'unnoficial european super league', can we?
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Can't argue with the results, though. They're doing ever so well
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Gianni Infantino: "clubs in breach of the rules will be barred from the Champions' League and the Europa League. Otherwise we lose all credibility".
This isn't just some typical UEFA messing around at the tip of the iceberg, this is Platini's lovechild in legal form. He and the whole of UEFA really are staking everything on this. Garry Cook (Cock) knows this, and has described meeting the new rules as a "major challenge". Make no mistake, this summer was the last time City were able to spend like this beyond their means. I don't doubt there may be some major selling next year to finance some bigger moves in addition to the £40m-odd Mansour is allowed to put in, but they can no longer operate as far beyond clubs like ourselves as they have done.
They can address the spending on transfers issue, but what about wages? Currently over 100% of turnover and any they ship out will sit tight unless they get a settlement on their £200-a-week contracts.
It'll all end in tears, as many have said from the start.
I think they'll find some way round it, even if it is a drastic sell-off. One thing's for sure, it won't be the easy path to world domination they'd envisaged, which is good all-round.
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I have no love for Man City or what they are doing, but I just it's applied fairly and the likes of real Madrid also have to play fair. With Platini, I'm concerned that won't be the case!
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Are they not in breach of UEFA rules?
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Just announced on SSN with no in depth figures or time scale...
Turnover: £125m
Wages: £130m+
Losses: £121.3m
As we all know, this is a completely unsustainable football club but will he keep throwing money at it until they are contesting or winning the Champions League every season?
How can the FA or FIFA allow a club to be operating in such a way? Will the new rules really change anything?
Why is it unsustainable ?
The sums involved are peanuts for their owners. If they want to run the club at a loss that's up to them.
People need to stop thinking of clubs as businesses; they're now playthings for the rich. Losing a couple of hundred million through a football club is no different than spending the same sum on a yacht or mansion.
Whether they are or will be in breach of UEFA's rules is another matter, but the losses don't make the club unsustainable
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Losing a couple of hundred million through a football club is no different than spending the same sum on a yacht or mansion.
But then at least you own the mansion, or the yacht. At man City they will just have a load of mardy children with cartoon cars and infantile drawings on their arms
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I have followed this very closely, but aren't they also potentially distorting the figures with hefty sponsorship from Abu Dhabi based companies, which they control in some way or another, meaning that they are almost sponsoring themselves? A Radio piece mentioned something about this, and how UEFA rules would need to be subtle enough to recognize these kind of issues.
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I have no love for Man City or what they are doing, but I just it's applied fairly and the likes of real Madrid also have to play fair. With Platini, I'm concerned that won't be the case!
Actually, with Platini I'm more confident of it happening. The bad press he's got in this country has been nothing short of propaganda, and has been incredibly misrepresentative of what he's actually like. This is the man who's actually brought in these rules, who has made the Champions' League branch out by having more actual league champions qualify automatically, who is doing all he can to try and break the monopoly that the wealthy have over the not-so-wealthy. If Leonart Johansson had stayed as President, none of these things would have happened. Under Platini the idealist, a man a good deal more romantic even than us fans, I have some hope and faith.
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I reckon that in a couple of years time, "Man City are flouting the UEFA debt rules" will become the new "Spurs wage bill is much larger than the accounts state".
Just a feeling.
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Just announced on SSN with no in depth figures or time scale...
Turnover: £125m
Wages: £130m+
Losses: £121.3m
As we all know, this is a completely unsustainable football club but will he keep throwing money at it until they are contesting or winning the Champions League every season?
How can the FA or FIFA allow a club to be operating in such a way? Will the new rules really change anything?
Why is it unsustainable ?
The sums involved are peanuts for their owners. If they want to run the club at a loss that's up to them.
People need to stop thinking of clubs as businesses; they're now playthings for the rich. Losing a couple of hundred million through a football club is no different than spending the same sum on a yacht or mansion.
Whether they are or will be in breach of UEFA's rules is another matter, but the losses don't make the club unsustainable
The figures speak for themselves mate. The club is unsustainable as a viable business.
The sums involved may be peanuts for the owners and the clubs may be "playthings for the rich", but it shouldnt be allowed to happen as its destroying the game. The sooner any new financial rules are imposed and strongly enforced so they live within their means the better. It hasnt been and wont ever be a level playing field, but having financial guidelines will at least give clubs a chance of competing.
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As FatSam said, they will just manipulate income from sponsorships which will just be money from The Sheik passed through companies he has an interest in. Real Madrid will do the same with sponsorship from the local authorities. That will be a tough one for Platini to stop.
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The figures speak for themselves mate. The club is unsustainable as a viable business.
The sums involved may be peanuts for the owners and the clubs may be "playthings for the rich", but it shouldnt be allowed to happen as its destroying the game. The sooner any new financial rules are imposed and strongly enforced so they live within their means the better. It hasnt been and wont ever be a level playing field, but having financial guidelines will at least give clubs a chance of competing.
No offence and all that but fucking hell, welcome to the football World that has been festering away since about 1992!
You reckon Platini, UEFA, FIFA, Uncle Tom Cobley and all are going to take on Mansour and all the other billionaire football club owners when it actually comes down to taking them to court to prevent them from taking part in the Champions League?
Will they bollocks, they can't afford it and they know it, it's all hot air.
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No offence taken Dave! ;)
I agree and its going to be interesting to see how all this unfolds over the next few years.
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It's the wages that will kill them and I do hope that is soon.
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No offence taken Dave! ;)
I agree and its going to be interesting to see how all this unfolds over the next few years.
Aye, but I think I know already. Money talks.
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It's the wages that will kill them and I do hope that is soon.
£2.6m a week. Mind boggling numbers.
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It wont surprise anyone to find that Man City's CFO was in Geneva presenting these figures to UEFA yesterday. UEFA have given themselves the right to exempt any club from the rules on a case by case basis.
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UEFA have given themselves the right to exempt any club from the rules on a case by case basis.
The case being when the owners of said club have more money than UEFA?
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UEFA have given themselves the right to exempt any club from the rules on a case by case basis.
The case being when the owners of said club have more money than Europe?
What you meant to say!
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"Victoria Kloss, Man City's chief communications officer, was meeting Uefa officials in Geneva yesterday to discuss the financial report and explain the nature of Mansour's investment". I'm sure the UEFA officials told her how upset they are with Sheik Mansor's investment plan.
David Conn - The Guardian - Man City's lavish Spend (http://www.guardian.co.uk/football/2010/oct/01/sheikh-mansour-manchester-city-uefa)
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this guy on talksport says ethiad airways will just up their sponsership to £300m a season to get round income problems because the sheik virtually owns the airline. personally i dont see them as man city anymore, just a franchise thats been bought,
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I would like to see tax relief on these losses to be refused and instead taxes levied on the turnover figure only.