Bluedub
Alert Team
This is an excerpt from an excellent article on mcfcwatch.com that explains how UEFA pulled a fast one to nail us with sanctions through FFP.
"But UEFA had pulled a fast one. After City’s 2012 accounts had been published and filed (in February 2013) they issued an updated version of their toolkit in April 2013, which had one major change as far as Annex 11 was concerned. This changed the test for determining whether the loss in 2012 was purely attributable to the calculated wage figure. Applying it using the same figures they’d already used meant that City now failed it and there was nothing they could do, as the figures for the 2013 financial year had been finalised and published.
So virtually whatever City did now, other than report a significant profit in 2013, was irrelevant as they couldn’t now use the £80m wages to avoid sanctions, having believed they could when they applied the test in place when the account were filed. Once this became clear, the club were reportedly furious. Having worked closely with UEFA to ensure that they had understood the rules correctly and were working towards meeting them, there must have been a feeling that UEFA had done them up like a kipper. In UEFA’s defence, the amended rule makes more sense than the original one but that really wasn’t the point. City had applied a test and met it but then found the goalposts had been moved, so that they now didn’t meet it when applying the revised test."
http://www.mcfcwatch.com/2016/02/13/city-v-uefa-the-battle-over-ffp-part-2/
It's all water under the bridge but it just shows you what them ***** are capable of.
"But UEFA had pulled a fast one. After City’s 2012 accounts had been published and filed (in February 2013) they issued an updated version of their toolkit in April 2013, which had one major change as far as Annex 11 was concerned. This changed the test for determining whether the loss in 2012 was purely attributable to the calculated wage figure. Applying it using the same figures they’d already used meant that City now failed it and there was nothing they could do, as the figures for the 2013 financial year had been finalised and published.
So virtually whatever City did now, other than report a significant profit in 2013, was irrelevant as they couldn’t now use the £80m wages to avoid sanctions, having believed they could when they applied the test in place when the account were filed. Once this became clear, the club were reportedly furious. Having worked closely with UEFA to ensure that they had understood the rules correctly and were working towards meeting them, there must have been a feeling that UEFA had done them up like a kipper. In UEFA’s defence, the amended rule makes more sense than the original one but that really wasn’t the point. City had applied a test and met it but then found the goalposts had been moved, so that they now didn’t meet it when applying the revised test."
http://www.mcfcwatch.com/2016/02/13/city-v-uefa-the-battle-over-ffp-part-2/
It's all water under the bridge but it just shows you what them ***** are capable of.
