http://www.telegraph.co.uk/sport/football/news/10766475/Manchester-City-to-be-made-to-pay-a-high-price-for-spending-spree-under-Uefa-Financial-Fair-Play-rules.html
"Telegraph Sport has learnt that City, whose billionaire owner, Sheikh Mansour bin Zayed al Nahyan, has bankrolled the most successful period in the club’s history, will this week be found guilty of failing to comply with FFP rules – barring an improbable 11th-hour reprieve."
"The nature and degree of any punishment will be determined in the coming days but it is understood neither team will be faced with expulsion from the Champions League.
The sanction is far more likely to be either a heavy fine or transfer embargo to prevent their mega-rich owners adding to two of the most expensive squads in history.
Such a punishment could hardly come at a worse time for City, who remain at the centre of one of the most thrilling three-horse title races English football has seen and will be desperate to avoid any distractions in their final six games of the season."
It will be interesting to see what happens.
Have City and PSG failed FFP?
posted on 15/4/14
" The point about Hicks and Gillett was that they were effectively investing fack all, so FFP wouldn't have stopped them."
Which is exactly my issue with FFP Wessie had you read the rest of my posts.
Norris's investment was never designed to get money back. As for Mansours, we will have to wait and see, it is too early yet be has always maintained that is his aim, let's see in 10 years.
posted on 15/4/14
No I mean that it's supposed to protect clubs from going bust - so I keep hearing. But the fact that can still happen shows it's not doing enough to stop that, as is the case of H&G, because owners are still able to buy clubs in that way.
I know what you're saying, though, I guess the thing about football is that it isn't a normal business.
posted on 15/4/14
I have a sense of déjà by that we have had this conversation before...
posted on 15/4/14
Which is exactly my issue with FFP Wessie had you read the rest of my posts.
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Yes, fair enough, but I'm doing this in between a pretty busy workload, and I wasn't attacking your position in general, I was just debating some specific points. (I saw your point about the Leeds takeover, but the FA did try to stop it, and they were overruled legally. It would be equally hard to stop H & G, because what they did was nasty, but legal).
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Norris's investment was never designed to get money back.
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How do you know that? If it was designed to ensure domination on the pitch, it failed spectacularly, because they didn’t win the league for at least a decade after the investment.
Could that have been because they were busy paying back the stadium loan? I personally don’t know.
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I have a sense of déjà by that we have had this conversation before...
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A similar one, yes, but then somebody came in and got emotional about it, and I couldn’t be @rsed with that, so threw the towel in.
posted on 15/4/14
Wessie,
The Leeds one is interesting if it was a legal ruling, and slightly worrying (but unsurprising).
Regarding Norris, there's a chapter about him in a history of football finance book that I read a few years ago, very extravagant man. I think I remember, but don't quote me, he got done doing some under the table deal and so had to leave arsenal. He started massively investing after he got chapman and broke the rules around wages at the time to attract the best.
I'll have to read it again properly.
posted on 15/4/14
He started massively investing after he got chapman and broke the rules around wages at the time to attract the best.
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Yes, I know he got done eventually, but that was a long time after the stadium investment, I think. Don't know all that much about him, tbh, but if he got done, it's a cautionary tale
posted on 15/4/14
Indeed
posted on 6/5/14
Yes, yes they have.
posted on 6/5/14
A spectacular fail
posted on 6/5/14
Champions league squad restrictions...
Hmmm
Wonder who will be surplus to requirements