PL charge City for alleged breaches of financial rules

[citytill1die84]

Probably been answered loads but what the fucking White Paper bollocks?

 

[LucahArchie10]

Only 3 possible outcomes to this;

1. EPL prove their case, fines and/or points and/or relegation and/or titles stripped. Result - 50k+ crowds in League 2
2. Gets mucky, drags out, OVO go all the way and sue the tw*ts. Result - 3 or 4 more years of reputational stain, and owners double down on investment and quality in the meantime*
3. City get quick hearing and whole thing bombed out. Result - another year of sh*te, then back to where we are now

Personally I think it's 2 unfortunately ..

Couple of things do concern me;

1. Our statement did not say 'these allegations are categorically untrue', which makes me think they are going for the interpretation defense
2. *Owners have not released any statement to the effect of 'whatever the outcome, we are here for the long term' to give the fanbase assurances/boil the piss elsewhere. Might be too early for that, but would be nice to know our sponsorship deals in League 2 would rival Wrexham's :-)

One other consideration, this isn't just about Abu Dhabi - Silverlake, a US base globally recognized Investment firm own c20% of the group - EPL would ruin their investor friendly environment plan for the league that attracted the US investors initially and underpins the valuations of most clubs, unless that is the plan so Dippers and Pride of Singapore can get their target asking prices for their sales ..

Never dull ..

The consequences for the losing party in this affair are nigh on cataclysmic. It seems the PL has gone all in and the initial thoughts would be that they have serious evidence of the alleged breaches. But this is City and we've been here before with UEFA. I just cannot believe we've been so slack or arrogant to behave like this, and the little snippets from the club today support my view. This is going to be a colossal showdown.

I'm sure during or near the very end of the UEFA investigation the PL wanted to call it quits or give up on there own findings

It was the 9 prem clubs who wanted more action???

 

[blue b4 the moon]

Manchester City FC is surprised by the issuing of these alleged breaches of the Premier League Rules, particularly given the extensive engagement and vast amount of detailed materials that the EPL has been provided with.
The Club welcomes the review of this matter by an independent Commission, to impartially consider the comprehensive body of irrefutable evidence that exists in support of its position.
As such we look forward to this matter being put to rest once and for all.

Fucking have ago you twats.

 

[HelloCity]

Must listen imo

Lloyd Scragg is usually quite negative about us and was about CAS at this same stage. He was also earlier quoting Delaney ffs. He has ties to the media and is one of those wanting to strengthen his position there even if it means throwing the club under a bus.

 

[Jesus H Gabz]

Question - if the Premier league are trying to hang stuff on City on accounts up the season 17-18. Why at the same time are Uefa not doing so at the same time? They have access to our accounts and audit it for FFP purposes and having referenced anything towards breaches they tried to do us for in Summer 2020. If Uefa haven’t got a smoking gun how come the premier league has?

Don’t give em any ideas jeeez

 

[Citizen in Pakistan]

The big worry is Peps future at City now , he cited political reasons , and his constant expectation to fend off the press and fans at Barcelona as to why he left,as a result , make no mistake about - city have just become political overnight , he hates the press as it is , and now the prodding and questioning will increase tenfold , I hate to say it , but I fear the end is coming for Peps time at City , guilty or innocent , this shit has just got serious.

This isn't a crisis like Barcelona, no one is trying to cut down/undermine pep powers or control here, it's bigger than him, it's about the club but we're lucky to have a strong character like him in these times. As for PL, they're desperate to see one of their favourites get space and break city's dominance, club should come out with nothing to loose and may look into ESL because it will happen one day anyway

 

[Tricky_Trev]

The evidence from this case has originated from an illegal source. In my opinion if they are willing to investigate City for charges such as ‘grass length’ - then surely this should be the same for every PL club and also how many of these charges are serious enough for punishment.

They’re not charging us for grass length. That’s just people looking at the wrong rule book from the wrong year, finding rule K.20 and assuming K.20 is the same every year. It isn’t.

 

[malg]

I only became aware of these allegations when I watched the 1 o'clock news and I certainly haven't read the charges themselves but I get the clear impression that this is almost a rerun of the UEFA charges. The difference may be that the PL believes it has cut off the right of appeal, so that the verdict of their impartial commission is final. City and the courts are unlikely to go along with that. The courts would not be interested in PL rules but would apply the law, which would be bad news for the PL since our accounts have been signed off every year as a true and complete record of our financial activities. I would appreciate it if PB could give me the benefit of his opinion on my comments.

There are plenty of companies who had their accounts signed off by one of the big 4 accountancy firms but were 'at it'. Enron springs to mind.

 

[El Ingeniero de Noruega]

How can this be possible. Breaking 101 rule. Dont understand. If this is true its very very sad for the club.

 

[citytill1die84]

Lloyd Scragg had us down as 100% guilty before CAS. He was also earlier quoting Delaney ffs. He has ties to the media and is one of those wanting to strengthen his position there even if it means throwing the club under a bus.

Some fucking blue he is then if what u say is true.

 

[NJMCFC184]

Lloyd Scragg had us down as 100% guilty before CAS. He was also earlier quoting Delaney ffs. He has ties to the media and is one of those wanting to strengthen his position there even if it means throwing the club under a bus.

Young version of David Conn? haha

 

[halfcenturyup]

Read his original post, hundreds have echoed that exact post. The “sniff sniff” freaks of Bluemoon need to get a life and be open to opinions that may differ from theirs. Petty point scoring with strange accusations isn’t needed, solidarity is currently.

Everyone has been pretty touchy today. I don't mind losing a game of football - it's life. I don't even mind being charged by UEFA or the PL because I am reasonably sure the club's management aren't idiots. But some of the people on the matchday thread and on this thread are just too much. I can generally keep myself under control, but I can imagine others can't. People should just think before they post: am I flapping unneccesarily?

 

[mrbelfry]

Procedure at General Meetings
B.13. Subject to the provisions of the Articles and the Act, the Chairman may regulate the procedure for General Meetings as he/she thinks fit. Unless otherwise determined by the Chairman:
B.13.1. Clubs must give to the League not less than 28 clear days’ notice of any item for inclusion on the agenda of a forthcoming General Meeting; and
B.13.2. two representatives from each Club may attend General Meetings, each of whom may speak but only one of whom shall be entitled to vote.

These are the E numbers City have been charged against
Seems they are saying the books have been "cooked" serious allegations not just for the PL but as these are auditioned accounts, could it be criminal charges for all involved?

E.3. Each Club shall by 1 March in each Season, submit to the Board a copy of its Annual Accounts in respect of its most recent financial year or if the Club considers it appropriate or the Board so requests the Group Accounts of the Group of which it is a member (in either case such accounts to be prepared and audited in accordance with applicable legal and regulatory requirements) together with a copy of the directors’ report for that year and a copy of the auditors’ report on those accounts.
E.4. The accounts referred to in Rule E.3 shall: E.4.1. include separate disclosure within the balance sheet or notes to the accounts, or by way of supplementary information separately reported on by its auditors by way of procedures specified by the Board, of the total sums payable and receivable in respect of Compensation Fees, Contingent Sums and Loan Fees; and E.4.2. include a breakdown within the profit and loss account or the notes to the accounts, or by way of supplementary information separately reported on by its auditors by way of procedures specified by the Board, of revenue in appropriate categories such as gate receipts, sponsorship and advertising, broadcasting rights, commercial income and other income.
E.11. By 31 March in each Season, each Club shall submit to the Board in respect of itself (or if the Club considers it appropriate or the Board so requests in respect of the Group of which it is a member) future financial information comprising projected profit and loss accounts, cash flow, balance sheets and relevant explanatory notes commencing from its accounting reference date or, if it has submitted interim accounts pursuant to Rule E.6, from the date to which those interim accounts were prepared and expiring on the next accounting reference date after the end of the following Season (“Future Financial Information”). The projected profit and loss accounts, cash flow and balance sheets shall be prepared at a maximum of quarterly intervals.
E.12. The Future Financial Information shall: E.12.1. be prepared in accordance with the accounting principles adopted in the preparation of the Club’s Annual Accounts (except where the accounting principles and policies are to be changed in the subsequent Annual Accounts, in which case the new accounting principles and polices should be followed); E.12.2. be approved in writing by the board of directors of the company to which they relate; E.12.3. include in the explanatory notes thereto principal assumptions and risks; and E.12.4. include for comparison profit and loss accounts for the period covered by the Annual Accounts and interim accounts submitted pursuant to Rules E.3 and E.6, a forecast for the current financial year and a balance sheet as at the date of the interim accounts submitted pursuant to Rule E.6.
E.49. If the PSR Calculation results in losses of in excess of £105m: E.49.1. the Board may exercise its powers set out in Rule E.15; and E.49.2. the Club shall be treated as being in breach of these Rules and accordingly the Board shall refer the breach to a Commission constituted pursuant to Section W of these Rules (Disciplinary).
E.50. The sum set out in Rule E.49 shall be reduced by £22m for each Season covered by T-1, T-2 and T-3 in which the Club was in membership of The Football League.
E.51. Each Associated Party Transaction must be submitted to the Board (in such form and including such detail as required by the Board) in order for the Board to conduct a Fair Market Value Assessment of it.
P numbers
Contracts of Employment and Submission to the Board
P.7. Each Club must provide:
P.7.1. full details of a Manager’s remuneration including all benefits to which he is entitled whether in cash or in kind. All such details must be set out in his contract, which must be submitted to the Board within seven clear working days of its coming into full force and effect. It will be a breach of these Rules for a Club to remunerate a Manager or otherwise induce him to sign or extend a contract of employment by offering or providing any payment or benefit (whether directly or indirectly) that is not set out in his contract; and
P.7.2. full details of any other Transaction pursuant to which its Manager received or is to receive remuneration from any other Person while they are the Manager of the Club, including all benefits to which they are entitled, whether in cash or in kind. Each Manager must provide the Club with all such information as is necessary to enable the Club to comply with its obgliations under this Rule.
Contents of Contracts of Employment
P.8. Contracts of employment between a Club and a Manager shall:
P.8.1. include the standard clauses set out in Appendix 7; and
P.8.2. clearly set out the circumstances in which the contract of employment may be determined by either party

Drug-testing Room
K.12. Each Club shall provide accommodation capable of being used as a drug-testing room which shall be near the Players’ and Match Officials’ dressing rooms and inaccessible to the public and media.
The Pitch
K.20. The height of the pitch grass shall not exceed 30mm and the entire playing surface must be cut to the same height. The grass shall be cut so as to display straight, parallel lines across the entire width of the pitch, perpendicular to the touchlines. No other form of pitch presentation (such as circular or diagonal patterns) is permitted.
Length of Contract
T.12. A Player under the age of 17 years may not enter into a contract of employment with a Club and may only be registered as an Academy Player.
Players’ Remuneration
T.13. Full details of a Player’s remuneration including all benefits to which he is entitled whether in cash or in kind shall be set out in his contract (or any amendment to that contract in a form approved by the Board). It will be a breach of these Rules for a Club to remunerate a Player or otherwise induce him to register with the Club and/or sign or extend a contract of employment by offering or providing any payment or benefit (whether directly or indirectly) that is not set out in his contract.
Image Contracts
T.19. Particulars of any Image Contract Payment in respect of the Player shall be set out in the contract with his Club.
T.20. No Image Contract or other agreement entered into by a Club may vary or affect the rights and obligations set out in clause 4 of Form 15 (Standard Player’s Contract) to the extent that such rights and obligations relate to rights granted to the League

Think some of this may be inaccurate as the rule numbers relate to the relevant rules in that years handbook. So any breach in season 2011/2012 for example will have the rule number from that years handbo

 

[meeesh]

Solekhol prick going on about der spiegel emails!

Can't stop laughing at the desperation.

This is absolute comedy.

Wasn't groundhog day last week? Think it's been extended to today.

I can’t watch that ****,makes it up as he goes along,never been a game or kicked a ball in his life the fucking stupid ****

 

[Mr Kobayashi]

It was good while it lasted, I'm going back to supporting Chelsea again. See you all in five years time when they get their own FFP sanctions.

 

[ford7]

I feel like Pep and some senior players knew this was coming for some time, it would explain some things.

 

[ballbag]

Lloyd Scragg had us down as 100% guilty before CAS. He was also earlier quoting Delaney ffs. He has ties to the media and is one of those wanting to strengthen his position there even if it means throwing the club under a bus.

He doesn't look old enough to have any opinions at all.

 

[Gesario]

I can’t watch that ****,makes it up as he goes along,never been a game or kicked a ball in his life the fucking stupid ****

Brilliantly put

 

[birchwoodgingerste]

Can go to court, not cas if I read rightly

Can the prem afford it though.?

 

[Roachy]

I can’t watch that ****,makes it up as he goes along,never been a game or kicked a ball in his life the fucking stupid ****

I suspect he's never had his dick wet either.