City Football Group - Financials & Acquisitions

This can’t be good for us. There are potential legal consequences if there were any improprieties with our club’s payments and/records - hopefully this is very unlikely. But who knows how this will affect CFG’s willingness or ability to fund player transactions for us and other clubs in the interim. And at the bare minimum it will be a huge distraction throughout the CFG universe. Maybe (hopefully) this won’t affect NYCFC much or at all, but it certainly may.
 
This can’t be good for us. There are potential legal consequences if there were any improprieties with our club’s payments and/records - hopefully this is very unlikely. But who knows how this will affect CFG’s willingness or ability to fund player transactions for us and other clubs in the interim. And at the bare minimum it will be a huge distraction throughout the CFG universe. Maybe (hopefully) this won’t affect NYCFC much or at all, but it certainly may.
I can see a world where this forces CFG to scale back... pull out of the stadium? pull out of nycfc?
:|
Let's not think about this
 
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This can’t be good for us. There are potential legal consequences if there were any improprieties with our club’s payments and/records - hopefully this is very unlikely. But who knows how this will affect CFG’s willingness or ability to fund player transactions for us and other clubs in the interim. And at the bare minimum it will be a huge distraction throughout the CFG universe. Maybe (hopefully) this won’t affect NYCFC much or at all, but it certainly may.
There's a lot of speculation being thrown about, but aside from the distraction angle, I don't see how NYCFC gets implicated in a way that directly hurts us or indicates NYCFC broke any rules applicable to NYCFC.

The rules Man City is accused of breaking come down to overstating income and understating costs, and relatedly violating regulations on profit and sustainability. For NYCFC to have been a party to that would mean that NYCFC overpaid for scouting, or loan fees (for eg Herrera), and was underpaid for players we sold to MC like Harrison or Mix. I just find it implausible that NYCFC has been subsidizing MC this way, and if that has happened, stopping that is good for NYCFC.
So the only way I see this hurting us is if the CFG owners get so fed up with having to confine their flagship franchise of Man City within PL or UEFA rules that they just stop playing altogether, either by letting the clubs languish or selling the whole lot. Seems very unlikely. Maybe they put a pause on spending overall to make it look like they are chastened. But even there, how does reducing spend on NYCFC help Man City's books?

We might engage in the same made up Etihad sponsorship numbers game as Man City, but we're not subject to profit/loss rules or general spending restraints. We just have a salary cap which does not go up just because we pretend Etihad gave as fair market sponsorship rates but actually overpaid. As a newish growing league I expect it is considered completely normal for clubs to overspend and lose money for the first [XX] years to build stadiums, a fanbase, etc.
 
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There's a lot of speculation being thrown about, but aside from the distraction angle, I don't see hw we NYCFC gets implicated in a way that directly hurts us or indicates NYCFC broke any rules applicable to NYCFC.

The rules Man City is accused of breaking come down to overstating income and understating costs, and relatedly violating regulations on profit and sustainability. For NYCFC to have been a party to that would mean that NYCFC overpaid for scouting, or loan fees (for eg Herrera), and was underpaid for players we sold to MC like Harrison or Mix. I just find it implausible that NYCFC has been subsidizing MC this way, and if that has happened, stopping that is good for NYCFC.
So the only way I see this hurting us is if the CFG owners get so fed up with having to confine their flagship franchise of Man City within PL or UEFA rules that they just stop playing altogether, either by letting the clubs languish or selling the whole lot. Seems very unlikely. Maybe they put a pause on spending overall to make it look like they are chastened. But even there, how does reducing spend on NYCFC help Man City's books?

We might engage in the same made up Etihad sponsorship numbers game as Man City, but we're not subject to profit/loss rules or general spending restraints. We just have a salary cap which does not go up just because we pretend Etihad gave as fair market sponsorship rates but actually overpaid. As a newish growing league I expect it is considered completely normal for clubs to overspend and lose money for the first [XX] years to build stadiums, a fanbase, etc.
Well said. & Worst case they sell to Stevie Cohen.
 
There's a lot of speculation being thrown about, but aside from the distraction angle, I don't see hw we NYCFC gets implicated in a way that directly hurts us or indicates NYCFC broke any rules applicable to NYCFC.

The rules Man City is accused of breaking come down to overstating income and understating costs, and relatedly violating regulations on profit and sustainability. For NYCFC to have been a party to that would mean that NYCFC overpaid for scouting, or loan fees (for eg Herrera), and was underpaid for players we sold to MC like Harrison or Mix. I just find it implausible that NYCFC has been subsidizing MC this way, and if that has happened, stopping that is good for NYCFC.
So the only way I see this hurting us is if the CFG owners get so fed up with having to confine their flagship franchise of Man City within PL or UEFA rules that they just stop playing altogether, either by letting the clubs languish or selling the whole lot. Seems very unlikely. Maybe they put a pause on spending overall to make it look like they are chastened. But even there, how does reducing spend on NYCFC help Man City's books?

We might engage in the same made up Etihad sponsorship numbers game as Man City, but we're not subject to profit/loss rules or general spending restraints. We just have a salary cap which does not go up just because we pretend Etihad gave as fair market sponsorship rates but actually overpaid. As a newish growing league I expect it is considered completely normal for clubs to overspend and lose money for the first [XX] years to build stadiums, a fanbase, etc.

Another point to note is that charges relate to 2009-2018. NYCFC didn’t exist for many of those years.

We shall see what transpires, but after UEFA lost, I expect CFG to be emboldened to challenge any PL charges. The standards and judging panel may be different, but there will be a confidence (backed by funding) to fight rather than capitulate.

Also, I’d be curious how far the “older” clubs would want the PL to push. It might be interesting for fans to rail against City, but how much power to investigate do you think Chelsea and Newcastle (or Fenway or the Glazers) want to give the PL? Seems like a “be careful what you wish for” moment.

I could be proven wrong, but I’d expect this to last for some time and end up with a showy result that in substance is just financial penalties and minor transfer restrictions with no competive (table) repercussions.
 
Well said. & Worst case they sell to Stevie Cohen.

would he even want to buy the team? he still wants that casino. and i think it was in that spot where the stadium is supposed to go. he can easily just scrap it since he wont fund building the stadium.
 
Why do I feel it was Daniel Levy after Premier League askied him about his knowledge of Paratici, Levy brought up how about we deduct 15 points from Man City what they did a few years back.
 
CFG could laugh off paying any fine. If Citeh are deducted points or relegated that would hurt but I'm not seeing it directly affect us.
 
Just wait till a man with a British accent comes knocking on your door asking for your championship ring back.

"Chap, you don't really expect me to believe this ring celebrated your first championship, do you? Look at all the typos. This is just a very poor fake! Hand the real one over."
 
I could be proven wrong, but I’d expect this to last for some time and end up with a showy result that in substance is just financial penalties and minor transfer restrictions with no competive (table) repercussions.
This is what I'm thinking, too. Although it's possible The Mothership will have to cough up some points à la Juventus if any of this stuff is proved.

Whether we get caught up in it remains to be seen. I certainly wouldn't be surprised to learn MLS is looking into it. There's probably not a worse nightmare for them than the possibility one of their franchises has been paying players under the table. For the record, I very highly doubt anything like that was going on, but the rest of the investors are going to insist on some kind of investigation.
 
All the stuff we've written is exactly how it will affect the club. Not in substance but in metaphor. We could have been talking about other stuff.

mgarbowski mgarbowski doing some ridiculously obscure data analysis we never knew we absolutely wanted until he posted it.
K Kjbert pointing out further ways that the club has disappointed us by not selling players.
Shwafta Shwafta engaging the bot poster in the Vegas Baby thread.

We could have been doing all of that. Instead we've been here. The club functions the same way. Every time this topic is on an agenda or occupies people at the water cooler, those are minutes and hours not spent moving other conversations forward.
 
Manchester City fan here. Thought I would get interested in NYCFC but iv only really been interested in the off the field stuff as far as CFG and of the CFG clubs other than City my main interest has been NYCFC.

I recommend anyone interested in the charges visit the bluemoon forum.

Closest we have to experts on these matters believe that the charges are very serious as you would expect. However I would say they believe that they are possibly even more serious than has actually been made out.

Essentially for the charges to be true City would have had to submit fraudulent accounts. I agree

The expert posters find this hard to believe we would do this I agree.

Also the way this is also supposed to have happened just seems to stupid and risky.

I also don’t understand why nothing else is going on in terms of Police UK Tax (HMRC) etc.

My conclusion it’s all a load of rubbish
 
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Manchester City fan here. Thought I would get interested in NYCFC but iv only really been interested in the off the field stuff as far as CFG and of the CFG clubs other than City my main interest has been NYCFC.

I recommend anyone interested in the charges visit the bluemoon forum.

Closest we have to experts on these matters believe that the charges are very serious as you would expect. However I would say they believe that they are possibly even more serious than has actually been made out.

Essentially for the charges to be true City would have had to submit fraudulent accounts. I agree

The expert posters find this hard to believe we would do this I agree.

Also the way this is also supposed to have happened just seems to stupid and risky.

I also don’t understand why nothing else is going on in terms of Police UK Tax (HMRC) etc.

My conclusion it’s all a load of rubbish

Charges are so serious, that they’re going to punish Everton
 
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Manchester City fan here. Thought I would get interested in NYCFC but iv only really been interested in the off the field stuff as far as CFG and of the CFG clubs other than City my main interest has been NYCFC.

I recommend anyone interested in the charges visit the bluemoon forum.

Closest we have to experts on these matters believe that the charges are very serious as you would expect. However I would say they believe that they are possibly even more serious than has actually been made out.

Essentially for the charges to be true City would have had to submit fraudulent accounts. I agree

The expert posters find this hard to believe we would do this I agree.

Also the way this is also supposed to have happened just seems to stupid and risky.

I also don’t understand why nothing else is going on in terms of Police UK Tax (HMRC) etc.

My conclusion it’s all a load of rubbish
No worries mate, Stevie Cohen is going to buy NYCFC once they move to Queens. That will clear NYCFC from any FFP ramifications. Maybe we can even get a better name everyone can pronounce once he does. The NY Amazin’s would give Mr. & Mrs. Met some additional income and plenty of cross branding opportunities.

mr met GIF
 
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No worries mate, Stevie Cohen is going to buy NYCFC once they move to Queens. That will clear NYCFC from any FFP ramifications. Maybe we can even get a better name everyone can pronounce once he does. The NY Amazin’s would give Mr. & Mrs. Met some additional income and plenty of cross branding opportunities.

mr met GIF

im actually not convinced he would actually be interested in buying nycfc.
 
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