TRO Posted October 16, 2018 Share Posted October 16, 2018 22 hours ago, PatrickCousens said: Clearly it doesn't get magicked away. But it might get paid off. I can only assume that the news owners injections of cash are counted as legitimate sources of income. We should remember that the EFLs 'profit and sustainability' rules are about stopping clubs going bust. Financial fair play is to prevent 'financial doping'. Regardless, I trust that Purslow knows what he's doing. The first non-charlatan CEO for years and years. I seemed to hear he was some way connected with the working party setting up FFP, so he should have good knowledge of it....and a will to comply with it. Link to comment Share on other sites More sharing options...
TRO Posted October 16, 2018 Share Posted October 16, 2018 Personally, I have no interest in FFP, don't understand it and don't want to. The powers that be need to understand it to make it work, my understanding is Purslow was closely connected with its creation, so should know a bit about it. fortunate for us. I just stick to the football. 1 Link to comment Share on other sites More sharing options...
sne Posted November 2, 2018 Share Posted November 2, 2018 So, anyone surprised? Quote Football Leaks claims UEFA helped Paris Saint-Germain and Manchester City cover up massive Financial Fair Play violations in the form of inflated sponsorship deals. The latest edition of the European Investigative Collaborations (EIC) expose as a result of leaked documentation makes remarkable allegations. “European football association UEFA arranged secret settlements with Manchester City and Paris Saint-Germain that allowed the clubs to cheat its own Financial Fair Play rules by hundreds of millions of euros, a new investigation by EIC Network can reveal. “Senior UEFA administrators, including the ex-secretary general and current FIFA president, Gianni Infantino, personally intervened to encourage settlements with big clubs, while the Club Financial Control Body (CFCB), the UEFA department that investigates rule breaches, aggressively pursued poorer clubs in the likes of Turkey and Romania.” This is of particular interest to a club such as Milan, which was excluded from the Europa League this season for FFP violations before winning an appeal for its reinstatement. Their financial status remains under question and the same issues could be raised next summer. “The new revelations are based on a batch of tens of millions of Football Leaks documents obtained by German weekly magazine Der Spiegel and shared with its partners in journalism network European Investigation Collaborations (EIC). “The combined dataset contains more than 70 million documents, around 3.4 terabytes, and is the biggest journalistic data leak to date. Over the past eight months, around 80 journalists and technologists from 15 media partners have collaborated to document and expose illegal or secret deals across the football industry from this trove and other sources. “But owners of several clubs have continued to supply excessive amounts to cover losses using highly inflated – and sometimes deceptive – sponsorship contracts, in a practice known as ‘financial doping’. “This is the case of Manchester City and Paris Saint-Germain. Man City is owned, since 2010, by Sheikh Mansour bin Zayed Al Nahyan, brother of Mohammed bin Zayed Al Nahyan, the de facto ruler of Abu Dhabi. PSG is owned by Qatar Sports Investments, which is backed by the Emir of Qatar Sheikh Tamim bin Hamad Al Thani. “When UEFA’s financial control body investigated both clubs’ sponsorship agreements it discovered that some ‘related parties’ were paying unprecedented amounts. The Qatar Tourism Authority furnished Paris Saint-Germain with between €700 million and €1.125 billion over a five-year period, according to the contract. “The subsequent findings concluded that these deals were spectacularly inflated: The independent experts hired by UEFA stated that the contracts, worth around €200 million per year at the beginning, had a real value between €3 and €5 million: 40 to 60 times less. “There was a similar story at Man City, albeit at a lower level. UEFA reported that Sheikh Mansour had “significant influence” over two of Man City’s Abu Dhabi sponsors, including the state investment fund Aabar, and that these contracts were inflated by at least three times the real market value.” It also claims that Gianni Infantino, who was UEFA President until moving on to become President of FIFA in 2015, “stepped in to negotiate directly with clubs under investigation” and work out ‘secret settlements.’ https://www.football-italia.net/130162/football-leaks-psg-man-city-ffp-cover 3 Link to comment Share on other sites More sharing options...
sparrow1988 Posted November 2, 2018 Share Posted November 2, 2018 59 minutes ago, sne said: So, anyone surprised? https://www.football-italia.net/130162/football-leaks-psg-man-city-ffp-cover No. Link to comment Share on other sites More sharing options...
ciggiesnbeer Posted November 2, 2018 Share Posted November 2, 2018 1 hour ago, sne said: So, anyone surprised? https://www.football-italia.net/130162/football-leaks-psg-man-city-ffp-cover Lets hope this spells the end of "ffp". I am not angry at ManCity or PSG for doing the right thing for football here. I hope we develop a "relationship" with UEFA to get around it as well. Link to comment Share on other sites More sharing options...
BleedClaretAndBlue Posted November 3, 2018 Share Posted November 3, 2018 7 hours ago, ciggiesnbeer said: Lets hope this spells the end of "ffp". I am not angry at ManCity or PSG for doing the right thing for football here. I hope we develop a "relationship" with UEFA to get around it as well. Its not UEFA we deal with though is it? Its the EFL 1 Link to comment Share on other sites More sharing options...
Mr.Messy Posted November 3, 2018 Share Posted November 3, 2018 So now there is s precedent Birmingham tourist board can sponser AVFC £1billon euros. Seems like good value to me. Link to comment Share on other sites More sharing options...
ciggiesnbeer Posted November 3, 2018 Share Posted November 3, 2018 9 hours ago, BleedClaretAndBlue said: Its not UEFA we deal with though is it? Its the EFL Yup thanks for correction. The EFL in our case. Link to comment Share on other sites More sharing options...
Demitri_C Posted November 3, 2018 Share Posted November 3, 2018 I’m stunned that that happened....I really am Link to comment Share on other sites More sharing options...
KHV Posted November 4, 2018 Share Posted November 4, 2018 On 16/10/2018 at 19:31, TRO said: I seemed to hear he was some way connected with the working party setting up FFP, so he should have good knowledge of it....and a will to comply with it. I would imagine the sale of Grealish and Chester at some point plus getting rid of all the loan players and some of the big earners like Hutton,Jedinak,Whelan,Lansbury,Adomah,Richards,McCormack, Hourihane and Hogan will allow us to comply with FFP. Link to comment Share on other sites More sharing options...
Raver50032 Posted November 6, 2018 Share Posted November 6, 2018 Bump... I don't think we can take our eye off the ball on this one as far as Villa goes. We seemed to be about to fall into a large vat of FFP related poop in the summer. Then some new benefactors step in, wave a magic wand, and Purslow sits there to unveil Smith and seems to be all 'we're carrying on as normal' with a hint at spend where needed without concerns. Are we financially in the cack, or have we been financially doped? I've asked the question in the fans consultancy meeting thread as well. Are we still at the 'shit or bust' stage in our relegation cycle? Link to comment Share on other sites More sharing options...
wilko154 Posted November 6, 2018 Share Posted November 6, 2018 On 16/10/2018 at 19:37, TRO said: Personally, I have no interest in FFP, don't understand it and don't want to. The powers that be need to understand it to make it work, my understanding is Purslow was closely connected with its creation, so should know a bit about it. fortunate for us. I just stick to the football. Exactly as it should be. Nobody supports a sports team to spend their life worrying about the financial predicaments of their club. I'm much more concerned with the football on the pitch. 2 Link to comment Share on other sites More sharing options...
Popular Post terrytini Posted November 6, 2018 Popular Post Share Posted November 6, 2018 2 hours ago, wilko154 said: Exactly as it should be. Nobody supports a sports team to spend their life worrying about the financial predicaments of their club. I'm much more concerned with the football on the pitch. I’m going to stick my neck out then and say that, on balance, the Financial Fair Play thread probably isn’t for you ? 1 5 Link to comment Share on other sites More sharing options...
terrytini Posted November 6, 2018 Share Posted November 6, 2018 On 04/11/2018 at 11:22, KHV said: I would imagine the sale of Grealish and Chester at some point plus getting rid of all the loan players and some of the big earners like Hutton,Jedinak,Whelan,Lansbury,Adomah,Richards,McCormack, Hourihane and Hogan will allow us to comply with FFP. Why ? It’s been made clear our books are financially sound and the Head Coach can buy in January. Link to comment Share on other sites More sharing options...
blandy Posted November 6, 2018 Moderator Share Posted November 6, 2018 38 minutes ago, terrytini said: Why ? It’s been made clear our books are financially sound and the Head Coach can buy in January. The rules and maths. 1 Link to comment Share on other sites More sharing options...
TRO Posted November 6, 2018 Share Posted November 6, 2018 45 minutes ago, terrytini said: I’m going to stick my neck out then and say that, on balance, the Financial Fair Play thread probably isn’t for you ? A well formulated deduction, sherlock Holmes eat your heart out...... Link to comment Share on other sites More sharing options...
sne Posted November 6, 2018 Share Posted November 6, 2018 If by some miracle all our FFP issues has been Keyser Söze'd away then whoever is responsible needs his (or her) own thread a heft pay rise, a knighthood and probably a good lawyer. Link to comment Share on other sites More sharing options...
villabromsgrove Posted November 6, 2018 Share Posted November 6, 2018 If Grealish continues to play really eye catching football for the next two months, I think he will activate his (rumoured?) release clause. That will sort out FFP even though I would be very sad to see Jack go. Hopefully Purslow is working on a suitably large sponsorship deal which will satisfy both our needs and the Premier League's overview. Link to comment Share on other sites More sharing options...
SirSteveUK Posted November 6, 2018 Share Posted November 6, 2018 re Sponsorship deal - if we were in the PL, I have no doubt we could leave the betting-type sponsors to the lesser clubs and get a blue chip sponsor - a global non-betting name - with a decent income for the club. Link to comment Share on other sites More sharing options...
Vive_La_Villa Posted November 6, 2018 Share Posted November 6, 2018 On 04/11/2018 at 11:22, KHV said: I would imagine the sale of Grealish and Chester at some point plus getting rid of all the loan players and some of the big earners like Hutton,Jedinak,Whelan,Lansbury,Adomah,Richards,McCormack, Hourihane and Hogan will allow us to comply with FFP. Who would buy Chester? He’s not good enough to really improve a Premier League team. I think his our player for a several more years yet. Link to comment Share on other sites More sharing options...
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