PL charge City for alleged breaches of financial rules

Gaudion M said:
Correct.

A wage cap is fair. But would it work. They tried in Rugby League with limited success.
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would you accept a wage cap in your profession?

its easy to say it, but in practice how do you do it?

does it mean actors should have a wage cap?
drs on wage caps?
politicians would vote for a wage cap on themselves?
landlords have a rent cap?

seems professional footballers are held up to some financial handbrake that other (establishment?) industries are not. probably because most of them are from poor backgrounds, and one does get vexed seeing a commoner making good for oneself...
 
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jockblue said:
Agree with this, but City have a huge reputational damage issue to deal with if we're cleared of the PL charges. Many internet scribes and so-called proper journalists have written scathing articles or comments about the level of financial cheating, the intentions and politics of our owners and the impact of our ownership and success on the future of football, whilst steadfastly adopting different tones on other owners, clubs and situations.

Would be great if the club came out fighting if we win, but suspect we won't no matter what happens.
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You will never get through to the racists and haters including those in the mainstream media. They will continue to publish lies without any evidence. But this false "sportswashing" narrative has already started to fade away. The whole idea that every investment made by a wealthy arab is purely political (and not for profit) is absurd. Sheikh Mansour has invested billions in science, tech, education, football, property and, most of all the banking sector. The looneys like Delooney claim his motive for all this is to deflect away concerns about his nation's civil rights abuses (as if Abu Dhabi was unique in this respect). This is a crackpot conspiracy theory with no evidence. Most people can see through these crackpot stories. Is Dubai interested in generating wealth or is is just "tourismwashing."
 
burning blue soul said:
would you accept a wage cap in your profession?

its easy to say it, but in practice how do you do it?

does it mean actors should have a wage cap?
drs on wage caps?
politicians would vote for a wage cap on themselves?
landlords have a rent cap?

seems professional footballers are held up to some financial handbrake that other (establishment?) industries are not. probably because most of them are from poor backgrounds, an one does get vexed seeing a commoner making good for oneself...
Click to expand...
I agree with all of that. And whilst implementing it in an isolated national league would be hard enough, how on earth would you implement such a system in a global market where players can move from country to country?

You'd have exchange rates and exchange rate volatility to worry about, and what about differing tax systems and different cost of living in different countries and regions? 100K Euros in Paris might not be very attractive to a player compared to 100K Euros in Croatia. And that's before you start thinking about what a sensible cap in Hungarian Forints might be, and what happens when the Forint collapses.

It's fraught with problems and i just don't see it as any kind of workable solution.
 
bobbyowenquiff said:
You will never get through to the racists and haters including those in the mainstream media. They will continue to publish lies without any evidence. But this false "sportswashing" narrative has already started to fade away. The whole idea that every investment made by a wealthy arab is purely political (and not for profit) is absurd. Sheikh Mansour has invested billions in science, tech, education, football, property and, most of all the banking sector. The looneys like Delooney claim his motive for all this is to deflect away concerns about his nation's civil rights abuses (as if Abu Dhabi was unique in this respect). This is a crackpot conspiracy theory with no evidence. Most people can see through these crackpot stories. Is Dubai interested in generating wealth or is is just "tourismwashing."
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Well yes this is something I have been thinking about who is it they need to impress with their sportswashing., and in what way are they trying to impress, the only publicity for their ownership comes from the press, they seem quite low profile.Are they trying to say the UAE desperately needs this to impress the UK or world att large? Do they need to? Surely its just an investment.
 
Chippy_boy said:
I agree with all of that. And whilst implementing it in an isolated national league would be hard enough, how on earth would you implement such a system in a global market where players can move from country to country?

You'd have exchange rates and exchange rate volatility to worry about, and what about differing tax systems and different cost of living in different countries and regions? 100K Euros in Paris might not be very attractive to a player compared to 100K Euros in Croatia. And that's before you start thinking about what a sensible cap in Hungarian Forints might be, and what happens when the Forint collapses.

It's fraught with problems and i just don't see it as any kind of workable solution.
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I'll give an example. In the 1980s the £Sterling/$US exchange rate moved all over the place. It went from $2.34/£ in January 1981 down to $1.05/£ four years later. Three years later it was back up to $1.90/£. There are similar fluctuations between the Pound and the Euro. That's going to be fun with players on four to five year contracts.

That is before you try and get around issues like image rights.
 
JGL07 said:
I'll give an example. In the 1980s the £Sterling/$US exchange rate moved all over the place. It went from $2.34/£ in January 1981 down to $1.05/£ four years later. Three years later it was back up to $1.90/£. There are similar fluctuations between the Pound and the Euro. That's going to be fun with players on four to five year contracts.

That is before you try and get around issues like image rights.
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you are right, it cannot work. it is a crackpot plan.

however, capping a football club on a percentage of income/turnover/whatever is more workable to safeguard the stability of the club. without some kind of safety net the club could be run into the ground e.g. Leeds and Barca, and many others.
but as a previous poster so astutely said "It’s simply amazing how fair is interpreted by the wealthy".
 
Norman kneejerk said:
Well yes this is something I have been thinking about who is it they need to impress with their sportswashing., and in what way are they trying to impress, the only publicity for their ownership comes from the press, they seem quite low profile.Are they trying to say the UAE desperately needs this to impress the UK or world att large? Do they need to? Surely its just an investment.
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The other myth is that somehow the UAE needs to enhance its "soft power" with the UK. That's nonsense because the UAE is one of the wealthiest places in the world and wields considerable influence across the globe compared to the declining UK. It has the 7th highest GDP per Capita in the world while our country comes in at number 26 for GDP per Capita. It is the UK which needs to attract investment from the Gulf region not the other way round. The idea of "sportswashing" stems fron an outdated colonial attitude ie that somehow they need to impress us. It is total bollocks. None of these crackpot conspiracy theories stand up to any scrutiny.
 
burning blue soul said:
you are right, it cannot work. it is a crackpot plan.

however, capping a football club on a percentage of income/turnover/whatever is more workable to safeguard the stability of the club. without some kind of safety net the club could be run into the ground e.g. Leeds and Barca, and many others.
but as a previous poster so astutely said "It’s simply amazing how fair is interpreted by the wealthy".
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The problem with that is that it reinforces the status quo and makes it more likely that the same small cartel could continue to dominate.

It was bad enough 15 years back when United, Liverpool, Arsenal, and Chelsea took the top four places year after year and were constantly able to outspend everyone else. Spurs and then City came along and stirred things up, just as Newcastle are doing now.

FFP seems to have killed competition in Germany and France, while Spain is not far off. Italy was there before Juventus screwed up. It could have happened in the PL if United had not been so incompetent in the Glazer period.

I don't know what the answer is. Rangers drove themselves to insolvency by mortgaging their future income. Barcelona seem to be going in the same direction. United have run down their infrastructure and the global fan base and income stream will surely dwindle unless they can deliver more than the odd League Cup or Europa Cup.
 
bobbyowenquiff said:
The other myth is that somehow the UAE needs to enhance its "soft power" with the UK. That's nonsense because the UAE is one of the wealthiest places in the world and wields considerable influence across the globe compared to the declining UK. It has the 7th highest GDP per Capita in the world while our country comes in at number 26 for GDP per Capita. It is the UK which needs to attract investment from the Gulf region not the other way round. The idea of "sportswashing" stems fron an outdated colonial attitude ie that somehow they need to impress us. It is total bollocks. None of these crackpot conspiracy theories stand up to any scrutiny.
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And in 2008 when the UKGOV didn't have a pot to piss in, who was it that saved Barclays from bankruptcy?, it was Sheik Mansour. Of course there were no complaints then re petro-dollars, or state owned/funded bank bail outs by undesirable middle East types,
Barclays have always been the main sponsors of the Premier League, so the hyprocosy of the PL charges defies belief.
 
burning blue soul said:
would you accept a wage cap in your profession?

its easy to say it, but in practice how do you do it?

does it mean actors should have a wage cap?
drs on wage caps?
politicians would vote for a wage cap on themselves?
landlords have a rent cap?

seems professional footballers are held up to some financial handbrake that other (establishment?) industries are not. probably because most of them are from poor backgrounds, an one does get vexed seeing a commoner making good for oneself...
Click to expand...

Football isn't really the same as those industries though is it? It's a professional sporting competition, which has its own laws and guidelines.

If sensible caps are put in place to restablish the integrity of the competition and longjevity, I've no issues with it.
 
crystal_mais said:
exactly - unless its across Europe - but players may just turn round as say its a restriction on their trade. Even with the Wages to Turnover - players will just want to go to the bigger clubs to maximise their earning potential, lots more contracts with buy outs and all sorts of clauses around bigger clubs etc.
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This won't fly in court imo.
 
I'm not sure why any of these financial restrictions are necessary. Other than keeping the same teams at the top they serve no purpose whatsoever. "Ah, but to stop another Leeds" I hear you say. Why ? Leeds are back in the Premier League. "Ah but Portsmouth, Bury [fill in name of club who lived beyond their means]" and got relegated Yes, and....?

The only groups that arevproven to need protection are employees and creditors, same as any other business. That can be achieved simply by controlling debt, including owner guarantees. A simple thing but something that the rules singularly fail to do.

If debt can be deemed "sustainable" based on a single point in time (ie we can pay our debts providing our iparticipation in the CL is ring-fenced), then why can't the same be applied to wages or any other costs ?
 
JGL07 said:
I'll give an example. In the 1980s the £Sterling/$US exchange rate moved all over the place. It went from $2.34/£ in January 1981 down to $1.05/£ four years later. Three years later it was back up to $1.90/£. There are similar fluctuations between the Pound and the Euro. That's going to be fun with players on four to five year contracts.

That is before you try and get around issues like image rights.
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Yep was getting $2.54 in 1981.
 
Sheikh Mansour is in London for the kings coronation. Might be a good time to sort those fucking charges out….

I wonder if the glazers or Fenway got an invite? Maybe the premier league will make an appearance.

First duty Charlie, off with their heads..dilly dilly.

Or maybe he will take in the Leeds game -:)

www.thenationalnews.com

Sheikh Mansour bin Zayed to attend King Charles III's coronation | The National

Vice President, Deputy Prime Minister and Minister of the Presidential Court will lead a delegation of senior UAE officials
www.thenationalnews.com www.thenationalnews.com
 
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