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New York City FC already being drawn into Manchester City’s Financial Fair Play drama

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The potential for creative accounting between Manchester City and the club’s new teams in North America and Australia looked like an interesting Financial Fair Play (FFP) loophole, but with UEFA already looking at the relationship between the Citizens and its offshore subsidiaries with skepticism, that loophole may be smaller than originally thought. With New York City FC still 10 months from playing its first competitive game, the 2015 Major League Soccer expansion team is being drawn into its parent team’s FFP drama, with UEFA apparently scoffing at intellectual property licensing agreements between the two clubs.

Word of the scrutiny comes from The Guardian, whose Tuesday reporting indicating Manchester City was ready to fight UEFA sanctions set to be imposed or overspending. City’s case for compliance hinges in part on the legitimacy of some of its partner deals, three of which were identified as potentially specious:

Uefa’s accountants are believed to have concluded that Manchester City’s £350m 10-year deal with Abu Dhabi’s national airline Etihad and a series of licensing deals have been significantly overvalued.

… Manchester City said it had sold players’ image rights for £24.5m to a separate company and raised £22.45m from licensing intellectual property to “third parties” – widely believed to be new City franchises in New York and Melbourne.

The mere existence of a deal between Manchester City and its new clubs isn’t the problem. UEFA, however, will flag any deal that appears to be out of line with a reasonable market expectation. If the deal doesn’t pass their scrutiny, the income won’t count toward Financial Fair Play.

The term “intellectual property” is so broad, it screams potential abuse. Manchester City can send a business operations manual back stateside with Jason Kreis, value it at whatever they want, and write it off. Ultimately, no money goes outside the team’s bigger, multi-club umbrella, but in terms of the more limited UEFA portion of that picture, City can play its shell game and try to comply. Only now, it looks like UEFA’s Club Financial Control Body (CFCB) is going to take a long, hard look at the shells, making sure nothing slips from the table.

Regardless, any notion that City won’t try to use its MLS and A-League franchises to help with FFP may soon be dispelled. Clubs are going to great lengths to find new ways to maximize their potential expenditures under the rules. For some that means new commercial efforts in North American and Asia. For others, that means placing, developing, and selling increasing numbers of players. For Manchester City, that means teams in North American and Australia – teams they can not only use to loan out contracts but also do more creative things, like sell intellectual property.

 

Atleti’s Torres ready for “game of his life” in UEFA Champions League final

MADRID, SPAIN - MAY 21: Atletico de Madrid players Saul Niguez (L) and Fernando Torres (R) stretch during the training session during the Club Atletico de Madrid Open Media Day ahead of the UEFA Champions League Final match against Real Madrid CF on May 21, 2016 in Majadahonda, Spain.
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Fernando Torres has won the UEFA Champions League before, but a victory on Saturday would ring as true as ever.

Calling it the game of his life, the Atletico Madrid striker spoke about this year’s final against Real Madrid.

[ MORE: Three battles that could determined UCL final ]

A lot has changed since the 2012 victory over Bayern Munich at the Allianz Arena, when Torres subbed into Chelsea’s comeback win.

His decline at Chelsea found him on loan to Milan, where he transferred before finding another loan back home to Atleti. Now 32, Torres has his most goals since 2013 and is preparing for a Madrid Derby final.

From Sky Sports:

“Tomorrow [Saturday] is the game of my life, without doubt,” said Torres. “To me it means everything. Everything you dream when you’re a kid, I have the chance tomorrow to make this dream come true.

“I’ve played for great teams, and won many things, but this one is special, it is different, it’s what I wanted when I was a kid.”

Later lauding Atleti for giving him the chance “to come back and fight for what I wanted”, Torres is clearly hungry for a bit of redemption. And if his side comes out on top, he’ll likely be a big part of it.

Costa injury sends Kaka into Brazil’s Copa America squad

ORLANDO, FL - MARCH 06:  Kaka (R) is seen on the field prior to a MLS soccer match between Real Salt Lake and the Orlando City SC at the Orlando Citrus Bowl on March 6, 2016 in Orlando, Florida. Kaka will not start the season opener due to injury. (Photo by Alex Menendez/Getty Images)
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Orlando City is losing its wizard for a bit.

Kaka, 34, has been called into Dunga’s Brazil squad for this summer’s Copa America Centenario.

The move was made after Bayern Munich star Douglas Costa picked up an injury that will cause him to miss the tournament.

[ COPA AMERICA PREVIEWS: Group A | B | C | D ]

The 2007 Ballon D’Or winner didn’t play in that year’s Copa America, which Brazil won.

Kaka has two goals and five assists in 7 MLS matches this season, a year after netting nine times with six assists in 28 matches.

Evans to face new rape trial in October

SHEFFIELD, ENGLAND - MARCH 28:  Sheffield United player Ched Evans in action during the npower League One game between Sheffield United and Chesterfield at Bramall Lane on March 28, 2012 in Sheffield, England.  (Photo by Stu Forster/Getty Images)
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CARDIFF, Wales (AP) A former Premier League player whose rape conviction was overturned will face a new trial in October.

Ched Evans, a Wales international who has played for Manchester City and Sheffield United, appeared in court in Cardiff on Friday and pleaded not guilty to raping a woman at a hotel in May 2011.

[ MORE: Mourinho confirmed | Speaks more ]

Evans had already served half of a five-year sentence before being released from prison and getting the conviction overturned in April following an appeal.

Evans only spoke briefly to confirm his identity before entering his plea.

The new trial will start on Oct. 4 in Cardiff.

Mourinho: “I prefer to forget the last three years” of Manchester United

MANCHESTER, ENGLAND - OCTOBER 26:  Chelsea Manager Jose Mourinho is asked for his autograph by fans prior to the Barclays Premier League match between Manchester United and Chelsea at Old Trafford on October 26, 2014 in Manchester, England.  (Photo by Laurence Griffiths/Getty Images)
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Manchester United manager Jose Mourinho has immediately begun courting the fans of his new club.

The 53-year-old Portuguese manager may’ve run rivals Chelsea on two occasions, but claims he’s always had empathy with United even when defeating the Old Trafford club.

[ MORE: United hires Mourinho | Things he must do ]

In an interview with Manchester United TV, Mourinho issues some high praise of the club while also managing a bit of classic “The Special One” ego in saying, “Giant clubs must be for the best managers.”

As for the disappointing trio of years between David Moyes and Louis Van Gaal, Mourinho says he’d rather consider his tenure in line with the run of Alex Ferguson.

From the BBC:

“I think we can look at our club in two perspectives – one is the past three years and another is the history. I prefer to forget the last three years. I prefer to focus on the giant club I have in my hands now. “

Mourinho has had some time to calculate the best way to endear himself to United supporters, and playing to their belief as the most historic club in the world sure pushes the right buttons.

Now comes the task of delivering titles in a climate more competitive than any other time in modern history.