City and PSG had their revenue artificially inflated by insane sponsorship deals from their owners.
City
did, when FFP was first really enforced -- there's no doubt of that. But, they cleaned it up, and the new TV deal essentially gave them a get-out-of-jail-free card. Like I said, a club would have to be run by a drunken De Laurentiis to have FFP problems in England now.
Again, I don't want to speak about PSG too much because I haven't studied their situation that much. But , yes, from an outsiders perspective, I have a hard time seeing how they generate the requisite revenue outside of "interesting" sponsorship money. City got the TV deal -- they didn't. Clubs in Italy are suffering the same fate. Inter, for example, are bringing in oodles of foreign sponsorship money from Asia -- but tracking the legitimacy of it is next to impossible for someone like me. That said, Inter is obviously a "historical club" so they do have a huge fan base/tons of traditional revenue as well.
I have no problem with them doing that, but if you're going to implement FFP properly then you need to make a distinction between 'legitimate' revenue streams and the owners pumping in money through backdoor sponsorship deals.
I have a problem with it. UEFA needs to either enforce it , or stop pretending like they are. One or the other. Clubs like Roma are getting shafted. We finally have a billionaire owner who's willing to spend , but he's not allowed to. It will take decades for us to reach the revenue of the Italian Giants and
everything would have to go right. Who knows what rules UEFA will come up with next...
FIFA actually came to an agreement with Milan's financial plan (if you could even call it that) before the spending started and then kicked them out of the EL the next summer. It was a joke.
Yeah, they did agree to it. Whenever a new ownership takes over , you get a grace period so-to-speak to spend outside the rules of FFP. The problem was Li didn't have money , and he brought in Elliot Group just so he could cover costs/pay Berlusconi. Red Flags
everywhere.
Milan, then had their renewed proposals to UEFA rejected twice in the midst of last season because they
knew Li was a fraud by that point.
They kicked Milan out of Europe when Li was still the owner , and then reinstated them once Elliot took over. You put the pieces together.