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Nine. That’s right. Securitisation, selling future revenue streams, is a sign of severe financial problem.

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They have sponsorship from Spotify

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Pleased to hear that Nine. Get well

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Interesting perspective
https://www.manchestereveningnews.co.uk/sport/football/transfer-news/manchester-united-city-transfers-sterling-24409394

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Interesting perspective
https://www.manchestereveningnews.co.uk/sport/football/transfer-news/manchester-united-city-transfers-sterling-24409394

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Nike. Or not. Is he that good? I’m not so sure.
We’ll have to wait.
United have just signed a fullback I haven’t heard of. Is he any good?
Lots of press so far but few definites.
Poch is now waiting in the wings.

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Get well soon all. Look after yourselves.
This virus has not gone away despite what the government minister said yesterday

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Nine yes wecdo pay silly money but much of the media suggests its just us. It isn’t.

More importantly how are you. Hope you are improving.

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Ed. Looks like Eriksen. Good signing? Class player. Is he what is needed. Where does he play? Very similar to Fernández.
Like to be a fly on the wall at the medical. I think I’m right in saying that his heart condition doesn’t allow him to play in some European leagues. But imo would be a very good signing even though he is past 30.

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He is one of the top goalscorers in the world. I know we won the last two championships without Aguero but imagine if he had been fully fit. You can’t replace a great goalscorer very easily which is why Liverpool were prepared to break their wage rules and rightly so imo.
PS another one the press can’t throw at us!!!!
😀😀😀⚽️⚽️⚽️

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Mikus. From afar you are probably correct. But his stats are fantastic. Where would you be without him?
£375,000 a week is being suggested. That’s £19.5m a year! Wow! Are these players worth that?

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I meant SALAH signs for three years.

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Sarah signs for 3 years

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What I was saying chaps, probably badly, is that we don’t get enough credit for the very big investment into the academy producing some very good (some English) players. We are following the approach of United of Old and also Chelsea.
It had always been the plan as part of being established as a top team. And now we are seeing revenue coming in from graduates of the academy which helps to pay for continuing development and outside FFP

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I don’t quite understand why Spurs want Richarlison. Where does he play when Song and Kate are fit?
Perhaps it’s about creating a big squad for all the games including CL.
It looks like we are about to sell another couple of academy players for about £20m. If we sell Jesus, Sterling and academy players that will be in excess of £100m. Maybe even more than we will spend although I doubt it as I think there will be at least another incoming.
The academy has certainly paid for itself with Foden and Palmer coming through into the first team.
We get little credit for that.

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Threeps/Nine.
Take your points of course. Either have proper FFP that effects all clubs or scrap the charade.
The corruption in football is most likely still there. Whenever there is big money there is always corruption by a few at the top.

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The thing that really bugs me is that other teams spend enormous sums, in some cases creating further debt, and the talk is about the players and where they will fit in etc. Fair enough. When we sign anybody the first focus is on the cost.
Can anybody explain the FFP rules as they now exist?
This is what I get so far:
The amount that clubs are permitted to lose over a three-year period will double from €30m to €60m.

Under the new regulations, European clubs will be limited to spending 70% percent of their revenue on wages, transfers and agents’ fees.

When will they start?
UEFA’s new rules will come into effect in June but clubs will have three years to implement them.

It is expected that clubs will be allowed to spend 90% of their income in 2023/24 and 80% in 2024/25, before the rules come into full force in 2025/26.

What punishments will rule-breakers face?
“Breaches will result in pre-defined financial penalties and sporting measures,” UEFA has said.

In addition to fines, likely punishments include points deductions in domestic leagues, demotion to lower-ranking competitions and a total exclusion from UEFA tournaments for severe rule-breakers.

What has been said?
UEFA president Aleksander Ceferin was quoted in a statement as saying: “UEFA’s first financial regulations, introduced in 2010, served its primary purpose.

“They helped pull European football finances back from the brink and revolutionized how European football clubs are run.

“However, the evolution of the football industry, alongside the inevitable financial effects of the pandemic, has shown the need for wholesale reform and new financial sustainability regulations.

“These [new] regulations will help us protect the game and prepare it for any potential future shock, while encouraging rational investments and building a more sustainable future for the game.”

UEFA president Aleksander Ceferin pictured last month at FIFA’s 72nd congress in Doha

IMAGO/Schuler

UEFA’s statement added: “While the acceptable deviation has increased from 30m euros over three years to 60m over three years, requirements to ensure the fair value of transactions, to improve the clubs’ balance sheet, and to reduce debts have been significantly strengthened.

“The biggest innovation in the new regulations will be the introduction of a squad cost rule to bring better cost control in relation to player wages and transfer costs.

“The regulation limits spending on wages, transfers, and agent fees to 70% of club revenue.”

What were the old FFP rules?
Under the current FFP rules which are being replaced, clubs can only spend €5m more than they earn during a three-year period.

But clubs are allowed to exceed this limit to a maximum of €30m if those losses are covered in full by a payment from the club’s owners.

Significant allowances were made in recent years to offer clubs leniency because of financial losses incurred as a result of the COVID pandemic.?……….

But nothing on debt:equity levels. Clearly designed to protect certain clubs here and in Europe. Also no differentiation is made between established clubs and say newly promoted clubs.

Imo it is a must for stability to ensure gearing levels are kept at stable levels. This would essentially mean owners would have to invest more to fund purchases and not use bank debt or securitisation (selling future revenue streams such as season ticket sales or TV revenue)

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I think we will miss Sterling. He fits into the way we play. I’m not sure Grealish is ad good.

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£70m for Frenkie de Jong. Don’t know him at all. Is he a £70m player? Does anyone know?

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At the moment Chelsea are showing and proving what we all know. To be successful, although no guarantee, you have to spend loads of money.
I will be sad to see Sterling go as he is a top player at his peak. Selling to rivals? I hope it doesn’t come back to bite.

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