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UEFA at it again

skiathospurs

skiathospurs

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#1


Anyone suprised??The stuff was leaked today,so far no UK news outlets have mentioned it.

Here are articles in the german and french press on it.

https://bleacherreport.com/articles...m_medium=referral&utm_campaign=programming-UK

http://www.spiegel.de/international...-and-psg-pact-with-the-sheikhs-a-1236414.html

And a very long article about attempts by a european super club cartel to breakaway from domestic leagues.Glad to see we arent part of this,man u/city,liverpool,arsenal&chelsea all were,funny seeing as the 2 london clubs of the 5 didnt make champions league and liverpool and united didnt the season before.Its a long read!

http://www.spiegel.de/international...-for-elite-league-of-top-clubs-a-1236447.html
 
skiathospurs

skiathospurs

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#2
Its money laundering on a a scale Escobar would have loved!!BTW it`s small fry compared to this,but Abrahamovic despite lending over 1bn to chelsea is shown in the club accounts to pay £1m for his exec box PA. All the financially doped clubs are looking to boost revenue,reduce what they show as costs in their accounts to try and escape FFP.You would think annual deficits of €100m a year (Manchester City was already aware in May 2013 that the new Financial Fair Play rules spelled deep trouble. The club had lost 451 million euros between 2009 and 2011). would be the problem,but apparently thats not the problem,trying to make it look ok is the problem,to these "investors" not the actual money lost every year.Remember that when city&PSG show huge losses that is after all the jiggery pokery to make it look as good as only a few 100 million lost.

Here are some of the reports interesting bits I ve copied.

The Investigative Chamber required Paris Saint-Germain to open its books to the body for the first time in July 2013. One year earlier, the state-owned Qatar Tourism Authority (QTA) had signed an "Agreement for the Promotion of the Image of Qatar" with the team, which was to run for five years and generate revenues averaging 215 million euros per year for the club.


It was a ludicrous amount of money, far more than the market would bear and inconsistent with anything that might smack of economic logic for the Qatari company. By comparison, FC Bayern Munich's main sponsor at the time, Deutsche Telekom, paid the team an annual sum of 29 million euros. It looked, in other words, as though the marketing contract was merely a façade, meant to allow the Qataris to pump as much money into the club as possible.


The agreement with the Qatar Tourism Authority consisted of a mere five pages and obligated Paris Saint-Germain to advertise for Qatar and "participate annually, at the request of Qatar, in its promotion activities." Otherwise, the team had to do nothing for QTA: It didn't have to put the company's logos on its jerseys, it didn't have to put up advertising in its stadium, it didn't even have to put a link on the club home page. The real reason for the excessive payments was a different one - which is also spelled out in the five-page agreement: Money from the Qatar Tourism Authority was to be used to buy players. By doing so, Paris Saint-Germain was to help Qatar become "a major player in the sporting world."


In response to a query about the deal, PSG stated that it was not a sponsoring deal, but that it was a "nation branding" agreement -- marketing for the entire country of Qatar. "Nation branding is of another scale compared to traditional sponsoring contracts," club executives wrote.


Following its acquisition of PSG, Qatar used exactly this line in its confidential "Strategic Plan 2012-2017." The goal was for the club to "become one of the top 5 European football clubs," and, by leveraging the brilliance of the stars Paris Saint-Germain was to acquire, to improve Qatar's global image as the host country of the 2022 World Cup. And that is what ultimately happened. With the money from Qatar, the club quickly signed the superstar striker Zlatan Ibrahimovi, and followed up the move with additional spectacular transfers such as those of Ezequiel Lavezzi and Edison Cavani.


From the very beginning, UEFA's investigators apparently viewed the billion-euro deal with the Qatar Tourism Authority as a clear violation of Financial Fair Play. They were skeptical of clubs whose sponsoring revenues came almost exclusively from state-owned companies that were under the control of club owners.

, a preliminary closing report noted that the "maximum fair value" of the QTA contract was 3 million euros. :p:p

FFP monitors, found that three of the four sponsoring contracts that Manchester City had signed with companies from Abu Dhabi were "significantly overvalued." They added that the deals, which had brought in 50 million euros in revenues, were up to 80 percent higher than their actual market value. Following an additional visit to Manchester, the PwC auditors determined that two Man City sponsors were "related parties." The same situation as with Paris Saint-Germain.
 
Don Diaz

Don Diaz

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#4
Not surprised unfortunately. The big club’s and owners run UEFA
 
Yid

Yid

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#6
They're all as bent as liber-fucking-rachi...!!!
 
skiathospurs

skiathospurs

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#7
First in a series of 4 reports to be published this week about man citys finances and how they bend FFP rules.The sums are staggering up until 2012 they had invested 1.1bn.FFP was introduced 2013 and creative accounting has been all the rage ever since.

http://www.spiegel.de/international...-rules-to-the-tune-of-millions-a-1236346.html


City, though, was in danger of violating exactly that stipulation. "We will have a shortfall of 9.9m pounds in order to comply with UEFA FFP this season," Man City's Chief Financial Officer Jorge Chumillas wrote in an internal email. "The deficit is due to RM (eds: a reference to Roberto Mancini) termination. I think that the only solution left would be an additional amount of AD (eds: Abu Dhabi) sponsorship revenues that covers this gap."


In that email, Chumillas essentially revealed that his club does business a bit differently than regular football clubs. Normally, the business of football looks like this: The players play successful football, attract a growing audience, the team's games are televised, and potential sponsors take an interest. These sponsors sign contracts with the team obligating them to pay a fixed amount for the privilege of advertising with the club. This money becomes part of the team's budget for the season and can be used to sign players, pay agent fees or maintain the grass on the pitch. When the team's planning is off, or it suddenly has to spend more than called for in the business plan, the club shows a loss at the end of the season and has to cut Costs.


But Manchester City is no normal club. Costs and debt? None of that matters. And should a shortfall emerge, sponsors from the owner's home country simply send more money over. Penalties are only for those who get caught. To dodge UEFA sanctions, Man City management came up with a few creative proposals. "We could do a backdated deal for the next two years (...) paid up front," suggested club executive Simon Pearce. CEO Ferran Soriano, meanwhile, suggested having sponsors pay the team the contractually obligated bonus for winning the FA cup -- even though Man City hadn't won.


Ten days after the end of the season, Chumillas presented the results of the deliberations and declared that the details of the sponsoring contracts would be adjusted -- for the just finished season! Etihad was to suddenly pay 1.5 million pounds more, Aabar 0.5 million extra and the tourism authority a surplus of fully 5.5 million pounds. And they were all supposed to act as though that had been the deal agreed to at the beginning of the season.


The club and its sponsors were manipulating their contracts. When Chumillas asked his colleague Simon Pearce if they could change the date of payment for the sponsors from Abu Dhabi, Pearce answered in the spirit of Manchester City's executives: "Of course, we can do what we want."
 
skiathospurs

skiathospurs

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#8
First in a series of 4 reports to be published this week about man citys finances and how they bend FFP rules.The sums are staggering up until 2012 they had invested 1.1bn.FFP was introduced 2013 and creative accounting has been all the rage ever since.

http://www.spiegel.de/international...-rules-to-the-tune-of-millions-a-1236346.html


City, though, was in danger of violating exactly that stipulation. "We will have a shortfall of 9.9m pounds in order to comply with UEFA FFP this season," Man City's Chief Financial Officer Jorge Chumillas wrote in an internal email. "The deficit is due to RM (eds: a reference to Roberto Mancini) termination. I think that the only solution left would be an additional amount of AD (eds: Abu Dhabi) sponsorship revenues that covers this gap."


In that email, Chumillas essentially revealed that his club does business a bit differently than regular football clubs. Normally, the business of football looks like this: The players play successful football, attract a growing audience, the team's games are televised, and potential sponsors take an interest. These sponsors sign contracts with the team obligating them to pay a fixed amount for the privilege of advertising with the club. This money becomes part of the team's budget for the season and can be used to sign players, pay agent fees or maintain the grass on the pitch. When the team's planning is off, or it suddenly has to spend more than called for in the business plan, the club shows a loss at the end of the season and has to cut Costs.


But Manchester City is no normal club. Costs and debt? None of that matters. And should a shortfall emerge, sponsors from the owner's home country simply send more money over. Penalties are only for those who get caught. To dodge UEFA sanctions, Man City management came up with a few creative proposals. "We could do a backdated deal for the next two years (...) paid up front," suggested club executive Simon Pearce. CEO Ferran Soriano, meanwhile, suggested having sponsors pay the team the contractually obligated bonus for winning the FA cup -- even though Man City hadn't won.


Ten days after the end of the season, Chumillas presented the results of the deliberations and declared that the details of the sponsoring contracts would be adjusted -- for the just finished season! Etihad was to suddenly pay 1.5 million pounds more, Aabar 0.5 million extra and the tourism authority a surplus of fully 5.5 million pounds. And they were all supposed to act as though that had been the deal agreed to at the beginning of the season.


The club and its sponsors were manipulating their contracts. When Chumillas asked his colleague Simon Pearce if they could change the date of payment for the sponsors from Abu Dhabi, Pearce answered in the spirit of Manchester City's executives: "Of course, we can do what we want."
https://www.bbc.com/sport/football/46101803
 
skiathospurs

skiathospurs

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#10
Joris Evers, chief communications officer for Spain's top flight La Liga, told BBC Sport: "The Football Leaks documents [in der Spiegel] appear to confirm what we have been saying for years. Both PSG and Manchester City are cheating and should be sanctioned.

"We certainly hope Uefa will take the right decisions and enforce Financial Fair Play rules, but we don't have full confidence that they will.

"Should Uefa fail to act, we will do what we have said before: launch a complaint with European Union competition authorities."
 
Finchbee

Finchbee

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#12
Lets break the rules and get a fine its OK, we can write it off.....
Any infringement should be an instant points deduction....No second chance to fix
 
Dorset

Dorset

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#13
I except that UEFA and the Premier League will investigate the dodgy dealings of Manchester City and punish them most harshly. They will probably be fined at least £50k which will make them think twice before they decide to blatantly disregard FFP rules again.

It's all a bit of a joke really. There is no way any meaningful punishment will be lobbed at City. They should be kicked out of the Premier League, relegated to the Vanarama National League and forced to try and make it back to the top tier while obeying the fucking rules. Ain't, not, never, no way going to happen. Football is no longer about the game, it's all about the wedge.
 
Dorset

Dorset

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#21
Should this quote be in the 'Funny Stuff' section?

"We do not tolerate corruption in FIFA," Infantino told Swiss newspaper Blick in an interview published Thursday.
 
skiathospurs

skiathospurs

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#22
Should this quote be in the 'Funny Stuff' section?

"We do not tolerate corruption in FIFA," Infantino told Swiss newspaper Blick in an interview published Thursday.
He `s going to be worse than Blatter,problem is the chaps who vote these fuckers in are just as bent but on a lesser scale.
 
Don Diaz

Don Diaz

Zero tolerance of Numpty's
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#23
Should this quote be in the 'Funny Stuff' section?

"We do not tolerate corruption in FIFA," Infantino told Swiss newspaper Blick in an interview published Thursday.
F.A.R.C.E.
 
TettenhallHotspur

TettenhallHotspur

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#24
Trouble is it is jobs for the boys. Once you have corrupt people in senior positions, they make sure only corrupt people get promoted or appointed into senior positions so they don't get found out.
 

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