owner also owns the primary sponsor, allowing him to pump as much money into the club as he wanted through the sponsorship. Not very sophisticated IMO.
funneling funds in violation of FFP and then deceiving UEFA when it began its investigation.
Stunning. UEFA watchdogs should supplant WADA
I had set up ManC last Saturday for taping, I think maybe vs West Ham, then saw in the results section of the paper that the match was postponed. I double took, what? Postponed? Was that related to this?
funneling funds in violation of FFP and then deceiving UEFA when it began its investigation.
Stunning. UEFA watchdogs should supplant WADA
I had set up ManC last Saturday for taping, I think maybe vs West Ham, then saw in the results section of the paper that the match was postponed. I double took, what? Postponed? Was that related to this?
It was weather related.
I think everyone knew they were cooking the books Â
owner also owns the primary sponsor, allowing him to pump as much money into the club as he wanted through the sponsorship. Not very sophisticated IMO.
Per Bloomberg's report, Man City actually overstated their sponsorship revenues to UEFA, which allowed Man City to spend more on players. The overstating of sponsorship revenues (and resulting overspending on players) is what they were penalized for.
The purpose of FFP is to make sure smaller clubs don’t overspend and to make sure a City never happens again. It’s a joke of a fine. If they were serious, they would have been fined in the hundreds of millions.
You are dealing with a sovereign entity here - City is essentially a wholly owned subsidiary of the UAE. Money doesn't matter.
But the Champions League ban does hurt. Pep has already been talking leaving, UCL ban may moves him further down the path, players may not come despite the high wages, etc.
You are dealing with a sovereign entity here - City is essentially a wholly owned subsidiary of the UAE. Money doesn't matter.
But the Champions League ban does hurt. Pep has already been talking leaving, UCL ban may moves him further down the path, players may not come despite the high wages, etc.
This. Players who want to play in CL won't come for the next couple of years, and the prestige loss is very real (albeit just two years).
If you’re really curious, there is a long Der Spiegel article from I think 2018 about the City violations.
For those complaining about the size o& the fine, the ban from the CL has major financial consequences. That competition is a gold mine and now City can’t get anything out of it.
Btw, it looks to me like DeBruyne is a shadow of his former self. Still a smart player but severe physical decline is hampering him.
Anyway, I applaud this ruling. Cheaters get punished.
owner also owns the primary sponsor, allowing him to pump as much money into the club as he wanted through the sponsorship. Not very sophisticated IMO.
Basically money laundering and financial fraud. They're also in trouble with the Premier League because they would have submitted a fraudulent license to the PL authorities (due to them cooking the books). A points deduction is apparently likely
If you’re really curious, there is a long Der Spiegel article from I think 2018 about the City violations.
For those complaining about the size o& the fine, the ban from the CL has major financial consequences. That competition is a gold mine and now City can’t get anything out of it.
Btw, it looks to me like DeBruyne is a shadow of his former self. Still a smart player but severe physical decline is hampering him.
Anyway, I applaud this ruling. Cheaters get punished.
The Champions League ban is a substantial punishment
--Many of their current players would ask for a transfer to compete in the CL because they would lose two prime years of their careers or lose the end of their career (in the case of their older players)
--Man City would have difficulty attracting players in their prime with no CL for 2 years, even though they could pay them handsomely
--Losing out on CL for 2 years is at least 200 million pounds of revenue considering that Man City is easily good enough to make the knockout rounds with their current team in the next 2 years without a ban
--Pep is almost certainly gone because the only reason he's still there is to win the CL
:-)
But if all this is true, and the appeals process fails, I wonder how this will impact Pep's decision to stay...
Stunning. UEFA watchdogs should supplant WADA
I had set up ManC last Saturday for taping, I think maybe vs West Ham, then saw in the results section of the paper that the match was postponed. I double took, what? Postponed? Was that related to this?
Stunning. UEFA watchdogs should supplant WADA
I had set up ManC last Saturday for taping, I think maybe vs West Ham, then saw in the results section of the paper that the match was postponed. I double took, what? Postponed? Was that related to this?
It was weather related.
You have to wonder if PSG can't be far behind.
Next year
Per Bloomberg's report, Man City actually overstated their sponsorship revenues to UEFA, which allowed Man City to spend more on players. The overstating of sponsorship revenues (and resulting overspending on players) is what they were penalized for.
The purpose of FFP is to make sure smaller clubs don’t overspend and to make sure a City never happens again. It’s a joke of a fine. If they were serious, they would have been fined in the hundreds of millions.
But the Champions League ban does hurt. Pep has already been talking leaving, UCL ban may moves him further down the path, players may not come despite the high wages, etc.
Maybe reuniting with Messi at Barca...?
But the Champions League ban does hurt. Pep has already been talking leaving, UCL ban may moves him further down the path, players may not come despite the high wages, etc.
This. Players who want to play in CL won't come for the next couple of years, and the prestige loss is very real (albeit just two years).
For those complaining about the size o& the fine, the ban from the CL has major financial consequences. That competition is a gold mine and now City can’t get anything out of it.
Btw, it looks to me like DeBruyne is a shadow of his former self. Still a smart player but severe physical decline is hampering him.
Anyway, I applaud this ruling. Cheaters get punished.
Basically money laundering and financial fraud. They're also in trouble with the Premier League because they would have submitted a fraudulent license to the PL authorities (due to them cooking the books). A points deduction is apparently likely
For those complaining about the size o& the fine, the ban from the CL has major financial consequences. That competition is a gold mine and now City can’t get anything out of it.
Btw, it looks to me like DeBruyne is a shadow of his former self. Still a smart player but severe physical decline is hampering him.
Anyway, I applaud this ruling. Cheaters get punished.
The Champions League ban is a substantial punishment
--Many of their current players would ask for a transfer to compete in the CL because they would lose two prime years of their careers or lose the end of their career (in the case of their older players)
--Man City would have difficulty attracting players in their prime with no CL for 2 years, even though they could pay them handsomely
--Losing out on CL for 2 years is at least 200 million pounds of revenue considering that Man City is easily good enough to make the knockout rounds with their current team in the next 2 years without a ban
--Pep is almost certainly gone because the only reason he's still there is to win the CL