PL charge City for alleged breaches of financial rules

halfcenturyup said:
Hmm. Forget the loan for a minute.

I think it's to do with having the income from the original cash financing and the subsequent amounts due to the financing company in the same place.

So if you record the cash received from the finance company as operating revenues, then you should show the financing company's share of future revenue as a reduction of operating revenues in the appropriate years.

If you don't do that, you are effectively counting the revenue as operating revenue twice, once when you receive it from the financing company, and again when you get it from your customer.

I suppose it's possible the original cash receipt from the financing company was also included on a non-operating line, but I doubt it.

Of course, this could all be bollocks.
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That's how I read it from the brief look I had - book the income as operating income, and then book that share's outgoing as non-operating expenses.
My terminology may be a bit screwy!

I'd imagine Barcelona and Atletico won't be letting it lie!
 
halfcenturyup said:
Hmm. Forget the loan for a minute.

I think it's to do with having the income from the original cash financing and the subsequent amounts due to the financing company in the same place.

So if you record the cash received from the finance company as operating revenues, then you should show the financing company's share of future revenue as a reduction of operating revenues in the appropriate years.

If you don't do that, you are effectively counting the revenue as operating revenue twice, once when you receive it from the financing company, and again when you get it from your customer.

I suppose it's possible the original cash receipt from the financing company was also included on a non-operating line, but I doubt it.

Of course, this could all be bollocks.
Click to expand...

On second thoughts, I can only imagine that is all bollocks. The financing was for 360 million over 20 years, that is only around a 20 million annual reduction in future revenues. No idea where they get over 100 million from. Accelerated payment maybe? Total financing costs?

No fucking idea :) Needs a four year investigation of the last 15 years accounts to find out, I think.
 
Cobwebcat said:
We can put it towards any fine..

www.bbc.co.uk

Manchester City: Premier League side receive highest Fifa payment for World Cup players

Treble winners Manchester City receive more payments than any other club from Fifa for releasing players for the World Cup in Qatar.
www.bbc.co.uk www.bbc.co.uk
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It won't go any further that Spanish piece of shit Tappas will make sure of that ! He wont have his Spanish league clubs responsible for any corrupt dealings not like the despicable cheating Premier League teams like City !
 
Cobwebcat said:
We can put it towards any fine..

www.bbc.co.uk

Manchester City: Premier League side receive highest Fifa payment for World Cup players

Treble winners Manchester City receive more payments than any other club from Fifa for releasing players for the World Cup in Qatar.
www.bbc.co.uk www.bbc.co.uk
Click to expand...
Imo the payments should be divided out to all the clubs the players played for since 16. I know it'd be administratively more complicated but not hugely so and the money would benefit the clubs that developed the players along the way.
 
TonyM said:
Imo the payments should be divided out to all the clubs the players played for since 16. I know it'd be administratively more complicated but not hugely so and the money would benefit the clubs that developed the players along the way.
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Why?
The money covers things like wages and insurance that the current club is paying for while the players are playing for their country.
 
failsworthblueboy said:
Not a problem for them they will explain that the money is from the Spanish government and this has always been so, the reply probably. ok no problem we are to busy trying to screw Manchester City anyway.
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Wouldnt that make them state funded, wonder if the media will use that phrase when discussing RM finances?
 
bakerdave76 said:
www.insideworldfootball.com

Portuguese court postpones verdict on Football Leaks whistleblower Rui Pinto - Inside World Football

July 12 – A Lisbon court on Tuesday postponed a verdict in the trial of Rui Pinto, the infamous whistleblower whose string of incriminating revelations shook the footballing world before he was controversially extradited from Hungary to his native Portugal. The latest move was taken due to a new...
www.insideworldfootball.com www.insideworldfootball.com
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What a stroke of luck………curiouser & curiouser.
 
bakerdave76 said:
www.insideworldfootball.com

Portuguese court postpones verdict on Football Leaks whistleblower Rui Pinto - Inside World Football

July 12 – A Lisbon court on Tuesday postponed a verdict in the trial of Rui Pinto, the infamous whistleblower whose string of incriminating revelations shook the footballing world before he was controversially extradited from Hungary to his native Portugal. The latest move was taken due to a new...
www.insideworldfootball.com www.insideworldfootball.com
View attachment 86260
Click to expand...
If there is no verdict surely that's bad for us we would be wanting it to be judged an illegal activity. A verdict followed by a pardon would be better.
 
bakerdave76 said:
www.insideworldfootball.com

Portuguese court postpones verdict on Football Leaks whistleblower Rui Pinto - Inside World Football

July 12 – A Lisbon court on Tuesday postponed a verdict in the trial of Rui Pinto, the infamous whistleblower whose string of incriminating revelations shook the footballing world before he was controversially extradited from Hungary to his native Portugal. The latest move was taken due to a new...
www.insideworldfootball.com www.insideworldfootball.com
View attachment 86260
Click to expand...

bakerdave76 said:
www.insideworldfootball.com

Portuguese court postpones verdict on Football Leaks whistleblower Rui Pinto - Inside World Football

July 12 – A Lisbon court on Tuesday postponed a verdict in the trial of Rui Pinto, the infamous whistleblower whose string of incriminating revelations shook the footballing world before he was controversially extradited from Hungary to his native Portugal. The latest move was taken due to a new...
www.insideworldfootball.com www.insideworldfootball.com
View attachment 86260
Click to expand...
Perhaps the famous Man United did actually go to Rome to see the Pope!!!
 
bakerdave76 said:
www.insideworldfootball.com

Portuguese court postpones verdict on Football Leaks whistleblower Rui Pinto - Inside World Football

July 12 – A Lisbon court on Tuesday postponed a verdict in the trial of Rui Pinto, the infamous whistleblower whose string of incriminating revelations shook the footballing world before he was controversially extradited from Hungary to his native Portugal. The latest move was taken due to a new...
www.insideworldfootball.com www.insideworldfootball.com
View attachment 86260
Click to expand...
Can someone explain the situation please and what effect this has on us if any ?
 
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