PL charge City for alleged breaches of financial rules

[SuttonColdfieldBlue]

Was it something like a million quid? Remember reading that on the back of the Manchester Evening News and thinking City would be rich, then you saw how much Murdoch was prepared to buy the rags for.

£5.5m for a 9.9% stake, shortly after failing to buy them for £623m.

https://www.theguardian.com/football/1999/nov/06/newsstory.sport12

 

[halfcenturyup]

So…we have OFCOM, OFSTED, OFWATCH etc…wonder if the new regulator for football will be OFFSIDE??

It will be FootOf, commonly known as fook ...... Well you get the picture.

 

[bobbyowenquiff]

Just shown a clip on BBC Breakfast of Forest fans doing just that. I just ignore it now, you can’t teach the stupid.

The what about City narrative has been pushed by sections of the media, especially the BBC. It deflects pressure away from the PL hierarchy. It supports the existing narrative that City are “getting away with it.” Some fans are being manipulated as usual and are too stupid to see it.

 

[Bez]

The switching of rules almost makes me think that a certain club might well be sailing very close to the wind under the current rules.

I know they say it's too align with uefa, but you can bet your last pound it will help out at least one of the cartel along the way.

Spot on.

 

[waspish]

Was it something like a million quid? Remember reading that on the back of the Manchester Evening News and thinking City would be rich, then you saw how much Murdoch was prepared to buy the rags for.

They initially bought 9.9% don't know if that got reduced in later years?!

Business: The Company File

BSkyB buys into Man City

BSKyB will hope Man City repeat last season's promotion

Rupert Murdoch's BSkyB has bought a 9.9% stake in Manchester City football club.
Just months after £629m bid by the satellite broadcaster for Manchester United was rejected on competition grounds, BSkyB has agreed to buy the stake in its less illustrious rivals.

BSkyB already owns a 9.08% stake in Premiership leaders Leeds United.

Broadcasters see holding a stake in major clubs as a way to gain influence in future rights negotiations, with the possibility of clubs coming to individual agreements.

On the way up?

Football Association rules allow no single company to own more than 10% of any one club.

First Division Manchester City can expect to make about £12m from the deal with BSkyB, which also includes £2m for the broadcaster to have global rights as the club's media partner.

BSkyB will have a representative on City's board, and further money will be raised from a new rights issue to existing shareholders.

Although City have languished in the lower leagues in recent years, the club has a strong supporter base and is currently leading the chase for promotion to the Premiership.

City chairman David Bernstein said: "We have broken historic ground today and I'm sure it will delight our fans.

"We have massive support and BSkyB have recognised that.

"This investment puts us in an elite category of clubs and is in recognition of our great potential."

 

[give it to gordon]

Its bizarre that fans still say 'what about City' we were the ones warning anyone that would listen, that this would happen.

These fans need to stop the 'what about City' and look at the clubs that want a closed shop league.

 

[Norbiton]

Seriously, I think Sky has been very hands on, and influential, over the Premier League’s decisions over the last decade.

Sky stole football from the league, greasing many hands so they could create the Premier League. They then proceeded to build their whole sports package around the red three, plus Everton and Spurs (the original big 5).

When Chelsea broke the power base through unprecedented financial investment, Sky were the first to drive the narrative to discredit any Chelsea success. Until they realised that it wasn’t affecting the 3 red teams that much, they were happy to let Everton and Spurs slip back as the subscriptions kept increasing, and Sky was becoming more accessible around the world.

2008 the laughing stock of English football, a once giant of the game, a bankrupt club in the making Manchester City FC, would shock the football world with the takeover by Sheikh Mansour and the signing of Robinho.

From that moment in 2008, City faced discrimination, lies, and collusion involving some of the most powerful people/organisations in football, and media, driven through greed and fear, they set their plans to stop another Chelsea type project.

Hey, we weren’t that bad in 2008, I enjoyed most of the Sven season, did the double over the scum and qualified for Europe!

 

[johnevans]

So…we have OFCOM, OFSTED, OFWATCH etc…wonder if the new regulator for football will be OFFSIDE??

Nah.. When we win the case, 'Ofski' might be more appropriate? Of course, the 'Fuck' at the start of the acronym would be silent..!!

 

[markprendy]

Stefan interviewed on a City fan channel

 

[Mid Wales blue]

Hey, we weren’t that bad in 2008, I enjoyed most of the Sven season, did the double over the scum and qualified for Europe!

Yes, as did I.
However, we were a basket case on the brink of bankruptcy, and only saved by the takeover. The rest is history!