PL charge City for alleged breaches of financial rules

bef6e7ce04a8ea9f22860637a2a2ada1.jpg
 
mimicmickmickdoyle said:
Rik re your last paragraph ,I think the problem will be ,what players will want to sign for City with these charges hanging over them, I believe this is what the enemy are hoping for, we won't be able to sign players such as Bellingham etc therefore falling behind the likes of the dippers and rags who will have free reign.
Click to expand...
Those that want to be part of a continued, proven successful endeavour, playing the sort of stylish attractive football that has encaptured the hearts of football purists.

As a Manchester City fan you have to ask yourself "why would anyone now sign for City?" and not find your own answers to that question?
 
Ric said:
It’s been three days since the PL charges and I’m already finding the whole thing pretty draining. Not spending the next three years (potentially) fretting until a judgement is actually made. Fuck that! It’s no good for my mental healthy for a start. Just want to get back to enjoying football, or at least trying to, again.

Still think that we’ll ultimately prevail again, as at CAS, and that talk of relegation, losing titles etc is fanciful. Fans of other clubs and certain journalists are getting giddy, and things seem grim at the moment, but the story will drift away in the minds of most over the coming weeks and months.

With no immediate threat to the club’s future, I hope we go absolutely balls out in the coming transfer windows and add more trophies to our cabinet. Demonstrate that we’re not going away anytime soon, despite what they wish.
Click to expand...
I was waking up in the night thinking about it for the first two nights. Thought I might be finished with football. I’m still only reading about the whole thing on this thread but already starting to look forward to Sunday. A few beers pre match with my sons and mates and hopefully things seem normal again. Up the Blues
 
mimicmickmickdoyle said:
Rik re your last paragraph ,I think the problem will be ,what players will want to sign for City with these charges hanging over them, I believe this is what the enemy are hoping for, we won't be able to sign players such as Bellingham etc therefore falling behind the likes of the dippers and rags who will have free reign.
Click to expand...
Can’t we just give players clauses whereby IF we are relegated or whatever, they can leave for x amount. It’s pretty common to have relegation release clauses, or similar.
 
Woody135 said:
Given this was well received. Some more context on this to help anyone not aware.

An audit is effectively an opinion from a qualified and experienced auditor that the financial statements that a company prepares are materially true and fair, and are in line with accounting standards and uk law. Material being a key word and that is a £ value that differs from audit to audit.

In our case we arent a profitable business so that isnt the key metric but we are a trading business so I’d assume that the auditors materiality level is a revenue based metric and will likely be calculated as 1-2% of revenue.

Revenue in 09/10 was £125m
Revenue in 17/18 was £500m

Hence in english this means that in 09/10, the auditors have effectively signed off that every single number within those accounts and presented to PL is accurate and free from misstatement (by mistake or deliberately) to within max £2.5m. By 17/18 revenue has grown so the auditors will have signed off that every number is accurate to within max £10m.

To be able to do that on our revenue line (since that seems to be where attention is) they will have at the very least targeted any individual contract of that value or more because if they didn’t and it was wrong there could be a material misstatement. So that pretty much covers every single commercial contract (as well as broadcasting and prize money). And they will have at the very least sample tested everything else (because they are too small to individually result in a material misstatement but could aggregate).
When they tested they will have traced either to a signed contract and/or cash receipt. There are no other options.

Ie in english again. Almost every single £ of commercial revenue we reported will have been agreed to signed contracts and/or cash receipt and the auditors found no issues.

Hence for the charge to be true that our revenue does not present a true and fair view, the auditors will have had to either have not fulfilled their professional duties as auditors and/or our directors will have had to have committed financial fraud to deceive them or in collusion with them. Both are significant claims and should not be dealt with by a premier league internal investigation but are legal cases.

The more likely scenario in my mind is that the financial accounts submitted lawfully as a company are not in question but the PL is effectively taking a moral stance that whilst the accounting is correct, they just dont believe that the revenue has come from a willing third party. Ie yes you have a contract, yes you received the money but we think that money has ultimately come from your owner.

That was the claim made by UEFA and CAS said there was no evidence that had happened. In another process with the same evidence I see no reason why that conclusion would be different.
Click to expand...
Fabulous post pal
 
Coatigan said:
And who feeds that narrative? Have you read the papers or seen the tv? Sky Sports' official summary, even yeaterday, was that City were found guilty, but CAS 'reduced' the punishment because evidence uefa had was time barred.

Which just isn't true. CAS overturned the entire decision, because it found city Not guilty. It removed the punishment altogether. It handed out a separate fine for not cooperating, which was a 3rd of the fine Uefa imposed, in recognition that the club didn't trust uefa with any further information following leaks to the media.

While it is easy to get annoyed at your pals who support other clubs, you'd have to expect them to first be able to, and then to choose to, see through how the mainstream media present it. For a club they don't support or spend much time looking at. High hopes mate.

Unfortunately, that is the reality that will follow the club for a long time, and will stick.
Click to expand...

So why are city allowing these lies!?
 
M18CTID said:
Pretty sure that the panel don't have the power to relegate us. They can expel us - which some would argue amounts to the same thing - but they can't relegate us.

Expulsion is the nucleur option though and I could only see them getting away with that if it turns out they have us bang to rights on the most serious charges. I can't really see that being the case though as it would mean we, the fans, along with our manager have been lied to all along. Plus I very much doubt that the people we have running the club would be so stupid as to commit large-scale accountancy fraud just to help give little ol' City a leg up! Now if it was Peter Swales running the club ;)
Click to expand...
Increasingly I’m thinking the major outcome will be the non-cooperation fine. Possibly augmented if some of the financial charges stick. No expulsion (relegation is impossible) and no points deduction. They will hit us with the biggest fine possible under whatever circumstances. What strikes me as sad about the whole business is that City under Sheikh Mansour’s ownership seems to have made so few Alliances or positive connections amongst their peers or indeed the Premier League, the FA and much of the media given we have been a big player for 12 years and the most successful club in England over the last decade. Our owners and top team are foreigners and outsiders so perhaps cannot penetrate the “networks”. Maybe with Garry Cook and Marwood were still around things might be different.
Considering that Liverpool somehow swerved scandals like allegations of players involved in match fixing, Heysel etc, Arsenal also with George Graham’s bag of cash etc I think many of us are being too pessimistic about the shit sticking to us for all time.
I feel much better than I did on Monday.
 
Bill Walker said:
Sadly I agree with you. If you're a top player will you seriously want to come to us ? It's like we will now be known forever as the cheats. We are tarnished.

If we win this case I sincerely hope City sue the PL big time over our reputation being badly tarnished, so badly leading to all sorts of problems in the future.
Click to expand...
We are only tarnished in the eyes of fanboys from the cartel clubs.
Players themselves will have a clearer picture of what City can do to enhance their career
 
I think that says it all in a nutshell. It’s a disgrace. No one can tell me there isn’t an agenda against us when the Portuguese whiners goal was allowed to stand at Old Trafford. That was blatant manipulation of the rules by the authorities to hurt us. The game has been corrupted by the authorities to protect,’the red clubs,’ as Martin Samuel of The Times calls the so called elite who hate the fact that we are breaking their monopoly of the premier league…
 
Sorry If this has been asked previously, but who picks up the cost of all this, If we win, do we claim costs off the Premier league, because If this dude of our charges £80,000 an hour, and If this takes 4 years to complete, together with him and the rest of his team could run Into Billions In costs, If so could this bring down the Premier league.
 
Woody135 said:
Given this was well received. Some more context on this to help anyone not aware.

An audit is effectively an opinion from a qualified and experienced auditor that the financial statements that a company prepares are materially true and fair, and are in line with accounting standards and uk law. Material being a key word and that is a £ value that differs from audit to audit.

In our case we arent a profitable business so that isnt the key metric but we are a trading business so I’d assume that the auditors materiality level is a revenue based metric and will likely be calculated as 1-2% of revenue.

Revenue in 09/10 was £125m
Revenue in 17/18 was £500m

Hence in english this means that in 09/10, the auditors have effectively signed off that every single number within those accounts and presented to PL is accurate and free from misstatement (by mistake or deliberately) to within max £2.5m. By 17/18 revenue has grown so the auditors will have signed off that every number is accurate to within max £10m.

To be able to do that on our revenue line (since that seems to be where attention is) they will have at the very least targeted any individual contract of that value or more because if they didn’t and it was wrong there could be a material misstatement. So that pretty much covers every single commercial contract (as well as broadcasting and prize money). And they will have at the very least sample tested everything else (because they are too small to individually result in a material misstatement but could aggregate).
When they tested they will have traced either to a signed contract and/or cash receipt. There are no other options.

Ie in english again. Almost every single £ of commercial revenue we reported will have been agreed to signed contracts and/or cash receipt and the auditors found no issues.

Hence for the charge to be true that our revenue does not present a true and fair view, the auditors will have had to either have not fulfilled their professional duties as auditors and/or our directors will have had to have committed financial fraud to deceive them or in collusion with them. Both are significant claims and should not be dealt with by a premier league internal investigation but are legal cases.

The more likely scenario in my mind is that the financial accounts submitted lawfully as a company are not in question but the PL is effectively taking a moral stance that whilst the accounting is correct, they just dont believe that the revenue has come from a willing third party. Ie yes you have a contract, yes you received the money but we think that money has ultimately come from your owner.

That was the claim made by UEFA and CAS said there was no evidence that had happened. In another process with the same evidence I see no reason why that conclusion would be different.
Click to expand...
I don't know about anybody else but reading this gave me a warm fuzzy glow.
Was a fantastic read, you know you're onions woody.

So the premier league are looking for a smoking gun but all they see is a water pistol.

Fuckin A.
 
Tony - MCFC said:
I haven’t bought a newspaper for years, haven’t listened to TalkSPORT/FiveLive in years and blocked all of their social media accounts. Also blocked rival fans YouTube idiots like the ex Forest fan.

Suggest some do the same, no point harping on about what idiots like Simon Jordan say, he’ll say it because he’s given the platform and TalkSPORT / YouTube idiots want people to reply, it’s what they thrive on.

Ignore them and trust me you’ll feel better about it : )
Click to expand...
Done the same. You feel much better. As the Cockney funster Mickey Flanagan says “in the old days we used to hide our idiots and keep em indoors, nowadays there all they’re all over fucking place”
 
First day back in work today since all this broke, full of rags all sticking the knife in. How i got out of the office without twating one of them I will never know.
 
M18CTID said:
I don't think the media hysteria is much different to when UEFA announced that we'd been banned for 2 years from the CL. We were getting slaughtered by all and sundry back then too. Perhaps this feels worse because we've already cleared our name once at CAS and we thought that it was all behind us, only to be hit with it all again and more.
Click to expand...
Fatigue
 
You must log in or register to reply here.
Unread Posts

Don't have an account? Register now and see fewer ads!

SIGN UP
Back
Top