Manc United Fined for breaking UEFA FFP

[munkeespuzz]

 

[harv]

It was only a few hundred grand for a minor infraction after UEFA unexpectedly changed the rules. 😉

[munkeespuzz]

Oh really? So Manc United breaking rules are minor infractions then? Other clubs are major infractions? You do talk absolute bollocks Harv 

[harv]

Oh really? So Manc United breaking rules are minor infractions then? Other clubs are major infractions? You do talk absolute bollocks Harv 

You can tell that it was a minor infraction by the size of the fine 🙄

And if they hadn't unexpectedly moved the proverbial goalposts there wouldn't have been a breach of FFP Regulations anyway. 😉

This isn't like City who've broken A SHITLOAD of FFP Regulations, they only got away with their breaches of FFP Regulations with UEFA because they tied things up in court for so long and went crying to the CAS. Thankfully they can't do the same thing over here with their 115 charges.

United haven't (allegedly!) committed hundreds of millions of pounds of (alleged) fraud. If the evidence of the FFP breaches in this country was from a different source, we would have seen the police and the CPS getting involved and someone being criminally charged at City. And if THAT had happened you'd see the City owners failing the Premier League club owners test. 😲😲😲

This was basically a rounding error after UEFA changed the rules unexpectedly, nothing untoward, hence the small fine.

If it was a serious breach then United would have been fined 10 times as much, just like City were. 😉

[munkeespuzz]

Must be something untoward....Hence the fine 

[harv]

Like I've said, it was a rounding error, nothing more. UEFA changed the rules unexpectedly and United got surprised by it.

It was only a £300,000 fine, if it was something 'untoward' they would have got fined ten times that, just like City did. We'd have been fined £30m instead of a comparatively paltry £300,000. It really isn't a big deal, unlike the breaches by City.

And those breaches will see Pep quitting the club if he's a man of his word, too.

[munkeespuzz]

Absolute nonsence. You don't get fined because UEFA changed the rules, you get fined for breaching said rules. Rounding error or not! Cloud Cuckoo land is down the M6, be sure to wear a replica MUFC kit for VIP entry Harv 

[harv]

If they had let everyone know that they were changing the rules, we wouldn't have breached FFP Regulations. And UEFA know it, that's why the fine was so small.

If our breach was 'untoward' the fine would have been ten times as much as it was.

[harv]

Quotes from Teh Grauniad:

"Manchester United have been fined €300,000 (£257,000) by Uefa for committing financial fair play breaches over a four-year period between 2019 and 2022.

The governing body’s club financial control body handed down the punishment after United reported what it describes as “a minor break-even deficit” during the financial years in question. They are among a number of clubs across the continent to be punished in Uefa’s final monitoring of its old financial fair play rules, which were replaced by new regulations last year.

A United statement said: “While disappointed by the outcome, Manchester United accepts this fine for what Uefa acknowledges to be a minor technical breach of its previous financial fair play rules."

"Manchester United have been fined €300,000 (£257,000) by Uefa for committing financial fair play breaches over a four-year period between 2019 and 2022.

The governing body’s club financial control body handed down the punishment after United reported what it describes as “a minor break-even deficit” during the financial years in question. They are among a number of clubs across the continent to be punished in Uefa’s final monitoring of its old financial fair play rules, which were replaced by new regulations last year.

A United statement said: “While disappointed by the outcome, Manchester United accepts this fine for what Uefa acknowledges to be a minor technical breach of its previous financial fair play rules."

“This reflected a change in the way that Uefa adjusted for Covid-19 losses during the 2022 reporting period, which allowed us to recognise only €15m of the €281m of revenues lost due to the pandemic within the FFP calculation."

“Post-pandemic, the club’s revenues have recovered strongly and are forecast to reach a record level in the current financial year.

“The club continues to support the enforcement of rules to promote financial fair play and sustainability across domestic and European football.”

It is understood United’s stance is that they were unable to adjust for €47m of Covid losses in the 2022 monitoring period because of an unforeseen change in how Uefa treated those losses during the transition to its revised financial sustainability regulatory framework. The losses came on top of €234m of pandemic-related losses across 2019-20 and 2020-21.

Privately United would cite how the Premier League did allow for adjustments for 2022, enabling the club to comply with domestic FFP rules."

"Among the other clubs fined were Barcelona, who are required to pay €500,000 for wrongly reporting profits on disposal of tangible assets, other than player transfers, which are not deemed a relevant income under the regulations.

Istanbul Basaksehir were fined €400,000 for not meeting targets they had been set for the 2022 financial year. Meanwhile, Konyaspor and Apoel were fined €100,000 for similar breaches to those carried out by United."

Sauce: https://www.google.com/amp/s/amp.theguardian.com/football/2023/jul/14/manchester-united-fined-uefa-financial-fair-play-breaches

😎😁😎

[munkeespuzz]

If you read it properly without rose tinted glasses, the word fine is mentioned many times. To be fined you break the rules. It's really not hard to understand. Making excuses does not change the fact MUFC broke rules. If any other club does the same you would be singing from a different hymne sheet Harv. All you plastic Mancs are calling your neighbours FFP cheats then breaching rules yourselves. Hypocrites. 

[harv]

I'm not the one showing bias here. You clearly have an ABU agenda here.

Yes, they were in breach of FFP Regulations, but ONLY because they unexpectedly changed the rules. Other clubs were also having minor breaches, United weren't the only one.

The City case is COMPLETELY different. Firstly, they weren't cooperating with UEFA and the Premier League, they delayed things as much as possible. They also (allegedly) committed millions of pounds worth of fraud, setting up dodgy shell companies registered to a PO Box in London. 😲😂😂😂

United, as far as we know, only have 1 charge to face, City have 115 charges to face with the Premier League alone, and because the Premier League system works differently, the City lawyers can't delay things for so long that some of the charges disappear, and there's no appeal with the CAS.

They pulled a fast one with UEFA, they can't do the same thing with the Premier League.

And with Chelsea, Newcastle and (hopefully) United being owned by or soon to be owned by mega rich owners, the Premier League need to send a message.

And like I've said, if the evidence had come from a different source, we could have seen the police and CPS getting involved, and the City owner failing the ownership test.

If you can't see the HUUUUUUGE difference between the United situation and the City situation then you're showing a ridiculous amount of bias.

City deliberately broke 115 rules and committed fraud on a big scale, United broke the one rule ONLY after UEFA moved the goalposts after COVID-19, and they weren't the only club to be caught by surprise.

But keep on with this clear agenda that you have, us United fans LOVE IT!

Hated. Adored. Never ignored. 😎😎😎😉

[munkeespuzz]

Yet again talking nonsence. Broke the rules of FFP, therefore fined. You seem to want to throw your neighbours to the lions and belittle them, yet your own team can get away with anything and are beyond reproach. And if you get the dirty Quatari money rolling in, your fans will be even bigger hypocrites than you already are. 

[harv]

Once Jassim fixes the damage that the Glazers have done to the club over the last 18 years, we'll be self sustainable like we were before they bought the club. We'll have no need of his money.

Unfortunately it's going to take £2bn or so to build a new stadium. The land was bought years ago, and it's not too far from Old Trafford. It's literally across the road, if I'm remembering correctly 🤔

This means that we can still have matches played at Old Trafford whilst the work is being done. And after the new stadium is finished we'll have a 100,000 seater stadium sold out every match, and that will bring an extra £200m every year through match day revenue.

And then we'll hire out Old Trafford for rugby matches, boxing matches, wrestling events and gigs once we move over to the new stadium. So that's another high value revenue stream.

Jassim will probably have to fork out half a billion, maybe a billion to get rid of the board, depending on what's in their contracts.

I reckon it'll take £4bn and three or four years to fix the damage, but after that we'll be completely self sustainable like we were years and years ago under the Edwards family.

That's the difference between United and City, and United and Chelsea and United and Newcastle. Before they all got bought by mega rich owners they were nothing clubs.

City had to commit fraud across multiple years (allegedly!) to get where they are today, Abramovic spent a small fortune on Chelsea to get them winning trophies, and Newcastle will be the same, although they'll have problems with FFP Regulations, it remains to be seen whether they're going to risk cooking the books the way that City (allegedly!) did.

United won't have to do this. All Jassim needs to do is get rid of the likes of Arnold, Judge and Murtough and whoever else is in charge of commercial deals, transfers and contracts, and FFP Regulations won't be a problem. We're one of the three biggest clubs in the world, we won't need to (allegedly! 😂) set up shell companies and commit fraud, because genuine companies will pay a fortune to be associated with the club.

This is arguably the worst thing that the Glazers did, they've COMPLETELY cocked up the commercial side of the club with atrocious deals year after year after year.

Things are going to change in a big way at United, Jassim is going to do everything that the Glazers should have done 18 years ago.

United, if they were run properly, should be spending £300m+ every season on transfers without breaching FFP Regulations, and we'll do that in 3 or 4 years.

Now some may be curious why I'm so convinced that Jassim is going to buy the club. It's quite simple, the Glazers can't afford to stay and they can't sell to the Rat 🐀, unless they adopt him 😲😂, without them all getting sued all over the place.

The only viable option for them is to sell to Jassim.

[munkeespuzz]

God i hope the Glazers stay. Never read such a load of old bollocks in my life. 

[harv]

I've already told you, they can't afford to stay.

They're holding on for as long as they can in an effort to get more money out of Jassim. And Jassim isn't falling for it. He's now seen the books and knows how much of a mess the club is in financially.

Jassim will buy the club after the transfer window has closed.

And if United don't buy Kane before the Summer transfer window closes, we'll buy him in January for £50m.