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Financial Fair Play

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Re: Financial Fair Play

Postby Firefox1234 » Thu Oct 31, 2013 2:14 pm

FCBayernMunchen wrote:Hey Firefox! I assure you I have not forgotten about the article. :) I haven't posted it yet for two reasons:
1) I would like a bit more time to pass from its original use.
2) The latest blog post is not that old. Since the blog is not so active, it would be better to let a little more time pass.

Regarding the PSG sponsorship. I am not sure whether this is a new deal or an old deal resurfacing. My article includes comments on a PSG sponsorshup by Qatar Tourism Authority worth 700 million euros over four years. If this is an additional deal it makes it pretty obvious that this is no sponsorship, but an attempt to get around the rules. If it's the same deal resurfacing, the situation is pretty bad anyway.

I do remember hearing of that deal but i am also unsure if this is a newly revised deal or just another new deal to get around FFP
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Re: Financial Fair Play

Postby Firefox1234 » Mon Dec 09, 2013 8:15 pm

Great article from our very own FCBayernMunchen i reccomend you all should read =D>
blog/financial-fair-play-truly-footballs-messiah
Last edited by MUTU on Mon Dec 09, 2013 9:27 pm, edited 1 time in total.
Reason: Changed copied and pasted text to a hyperlink so as to avoid duplicate content and encourage comments in a central location.
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Re: Financial Fair Play

Postby Firefox1234 » Fri Jan 24, 2014 4:43 pm

ramsej84 wrote:When is the financial fair play rule is going to be active...?
I read that Uefa are to start investigations on P$G ... hope it will be fruitful so clubs such as RM, Barca, Man C, PSG and Chelsea will suffer the consequences...
which I honestly doubt it will ever materialize.

In my opinion FFP will do little to no damage to those clubs. They have already set themselves up as elite clubs and UEFA has no intention on killing their golden goose(or however the saying goes :P). It will just make sure no other clubs can benefit from a rich benefactor
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Re: Financial Fair Play

Postby ramsej84 » Fri Feb 07, 2014 9:23 am

UEFA urged to act if PSG have broken rules [source]
U l-Kotra qamet f’daqqa – u għajtet: “Jien Maltija!
Miskin min ikasbarni, - miskin min jidħak bija!”
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Re: Financial Fair Play

Postby MUTU » Fri Feb 07, 2014 9:54 am

It's crunch time for UEFA. Do or die.
30GB free cloud storage. Click here for the referral.
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Re: Financial Fair Play

Postby Tedesco » Fri Feb 07, 2014 10:25 am

Let's hope UEFA are not the same corrupt bunch as FIFA.

FIFA already sold themselves to Qatar by giving them the World Cup and not addressing the deaths on the stadiums constructions. Shame! [-X
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Re: Financial Fair Play

Postby Ruht » Fri Feb 07, 2014 11:21 am

Tedesco wrote:Let's hope UEFA are not the same corrupt bunch as FIFA.

FIFA already sold themselves to Qatar by giving them the World Cup and not addressing the deaths on the stadiums constructions. Shame! [-X


You keep hoping mate. Both organisations are as corrupt as it gets, only difference is Blatter seems to be more greedy than Platini.
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Financial Fair Play

Postby Firefox1234 » Thu Mar 27, 2014 12:11 am

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Re: Financial Fair Play

Postby FCBayernMunchen » Thu Mar 27, 2014 6:22 am

Excellent :D
Super Bayern! Super Bayern! Hey! Hey!
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Re: Financial Fair Play

Postby Firefox1234 » Thu Mar 27, 2014 1:16 pm

I wonder if UEFA will actually take action or is just a bunch of smoke and mirrors. Those inflated sponsorship deals PSG and Man C got were just a mockery of FFP.
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FFP

Postby MatZam » Thu Apr 03, 2014 6:35 pm

Apparently certain people don't understand how FFP works...

https://uk.eurosport.yahoo.com/blogs/ar ... --sow.html
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Re: Financial Fair Play

Postby Firefox1234 » Mon Apr 14, 2014 7:38 pm

Manchester City and Paris Saint-Germain face financial fair play fate
• Uefa's FFP investigation covers 76 European clubs
• PSG thought to be at most risk of being sanctioned

Manchester City and Paris Saint-Germain are among the European clubs who will learn this week whether they are deemed to be in serious breach of Uefa's financial fair play rules.

The Club Financial Control Body's (CFCB) investigatory chamber, headed by the former Belgium prime minister Jean-Luc Dehaene, is to meet on Tuesday and Wednesday to consider the cases of 76 clubs. Those considered to have committed serious breaches of Uefa's break-even rules will be referred to the CFCB's adjudicatory panel for a final verdict, with Uefa to announce details of all sanctions around 5 May. The sanctions could include being barred from European competition.

Manchester City, who have lost £149m in the past two seasons, and PSG are both understood to be among the 76 clubs under investigation. The CFCB panel will have four options open to them: to dismiss the case; to agree a settlement with the club effectively putting them on probation; to issue a reprimand and fine of up to €100,000; or in serious cases to refer the club to the adjudicatory chamber. The clubs should therefore know their position, and how much they have to fear, by the end of the week.

PSG are believed to be most at risk – the Qatari-owned club effectively wiped out its annual losses of €130m by announcing a back-dated sponsorship deal with the Qatar Tourism Authority. As it is a deal with a related party, however, the French club will have to convince Uefa the deal is a fair market value.

The French newspaper L'Equipe reported last month that Uefa officials found the Paris club's officials "a bit haughty" in the discussions over FFP, but that Manchester City had been more convincing. The PSG president Nasser al-Khelaifi insisted in January the sponsorship deal was not creative accounting.

He said: "Our contract with Qatar Tourism Authority is not some accounting trick. It's the same contract we have with Emirates. There's no reason for Uefa to disagree. Everything is legal. Our lawyers are very competent."

Clubs can lose up to €45m (£37m) over the last two years under Uefa's rules. City made losses of £97.9m in 2012 and £51.6m last year, but can write off sums spent on facilities, youth development and a number of other items.

Other top English clubs have little to fear, with the likes of Arsenal and Manchester United being in the black in both years. Chelsea made a £49.4m loss last year but made a £1.4million profit in 2012 so will comply. Liverpool and other clubs such as Monaco, who are not playing in Europe this season, will not have to pass the FFP rules until next autumn, with any sanctions applicable in 2015.

Liverpool last month announced losses of £49.8m up to the end of May 2013, and a further £40.5m over the previous 10 months. Uefa confirmed it would announce any decisions at the start of next month.

A statement said: "Uefa does not provide any details about clubs' ongoing investigations as part of the monitoring process, nor will it comment on correspondence between the CFCB and clubs. Uefa will only communicate once decisions have been taken by the CFCB investigatory chamber, which we anticipate will happen at the beginning of May."

Clubs can appeal against any decision to the court of arbitration for sport

http://www.theguardian.com/football/2014/apr/14/manchester-city-psg-ffp-uefa-set-learn-fate?CMP=twt_gu
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Re: Financial Fair Play

Postby Tedesco » Mon Apr 14, 2014 8:13 pm

They probably just bribe the right people and then move along...
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Re: Financial Fair Play

Postby Firefox1234 » Mon Apr 14, 2014 10:34 pm

Tedesco wrote:They probably just bribe the right people and then move along...

I wish this was a playful joke but sadly you could very much be right :(
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Re: Financial Fair Play

Postby MoFattal » Tue Apr 15, 2014 6:10 am

I'd guess that the lawyers of PSG and Chelsea are much more overly-paid and competent than those of UEFA, and hence I'd guess that they will find a whole lot of legal loopholes to come out with just minor scratches if any.
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