PL charge City for alleged breaches of financial rules

[FLManc]

This is the bit I don't get. Sheikh Mansour does deals worth billions in this country all the time. He bailed out Barclays Bank. To produce fraudulent accounts (as the PL claims) would involve a conspiracy of hundreds of people over a decade. It would involve all our major investors, auditors, Manchester City Council etc. It can't be true because if it was there would have been a whistleblower. The discredited Der Spiegl (Rui Pinto) emails are irrelevant to the latest PL allegations which are much more serious.

The bank that is one of the sponsors of the Premier League.
A tad ironic?

 

[waspish]

I think these are really quite a lot of different things.

Everton failed PL FFP but will make representations on what can be discounted to minimise how much they overspent by during the covid years.
MU were a minor overspend (whatever that entails) of UEFA FFP during covid years; yes the PL will probably have a look, but they look at everyone's FFP accounts anyway, so this isn't new.
Chelsea haven't failed FFP currently, that may come in a couple of years when the 3 year cycle comes round.
City are being investigated for not providing accurate accounts (as a simple summary, it's a lot of things) in the past.

It's like comparing apples and pears and other apples.

They'll need a lever to investigate anyone in the way City are being investigated.

Chelsea have been fined by uefa

Chelsea fined £8.6m for FFP breach as Juventus banned from Europe for 2023/24 in separate financial case

Fiorentina to take Juventus Europa Conference League berth; Juventus must also pay a fine of €10m for breaking Financial Fair Play rules. A further €10m could be deducted if the club fails to comply with UEFA financial monitoring rules in future seasons.

www.skysports.com

 

[city saint]

View attachment 93052

was that a very early its quiet thread

 

[Alan Harper's Tash]

was that a very early its quiet thread

Yeah, think it was from the window that we actually signed Jim Tolmie.

 

[MillionMilesAway]

Chelsea have been fined by uefa

Chelsea fined £8.6m for FFP breach as Juventus banned from Europe for 2023/24 in separate financial case

Fiorentina to take Juventus Europa Conference League berth; Juventus must also pay a fine of €10m for breaking Financial Fair Play rules. A further €10m could be deducted if the club fails to comply with UEFA financial monitoring rules in future seasons.

www.skysports.com

I thought that they were fined for 'fessing up to providing inaccurate information; a very curious one, but may be Boehly biting the bullet to prevent anything more.
I didn't think that they were found to have breached FFP.

 

[abu13]

I think these are really quite a lot of different things.

Everton failed PL FFP but will make representations on what can be discounted to minimise how much they overspent by during the covid years.
MU were a minor overspend (whatever that entails) of UEFA FFP during covid years; yes the PL will probably have a look, but they look at everyone's FFP accounts anyway, so this isn't new.
Chelsea haven't failed FFP currently, that may come in a couple of years when the 3 year cycle comes round.
City are being investigated for not providing accurate accounts (as a simple summary, it's a lot of things) in the past.

It's like comparing apples and pears and other apples.

They'll need a lever to investigate anyone in the way City are being investigated.

Dont get me wrong, im not saying that they are all the same thing. What i am saying is that this will be the start of an investigation culture that they are just not set up to deal with.

 

[MillionMilesAway]

Dont get me wrong, im not saying that they are all the same thing. What i am saying is that this will be the start of an investigation culture that they are just not set up to deal with.

Ah, got your meaning, thanks.
Yeah, they can judge FFP breaches because the clubs provide numbers. The details is where they will struggle to prove things.

 

[FantasyIreland]

As far as I can see, the only settlement agreeable to City would be an entire retraction and apology for the charges.

I don't think any apology can rectify the amount of damage that has been caused.
In the eyes of the average sun reading,beer swigging,football fan,we cannot possibly be innocent......as 'oil money' is dirty and a number as high as 115 cannot equate to any other outcome.

The media have done a proper no smoke without fire job on us,and it has been lapped up by halfwits everywhere.

 

[117 M34]

I think these are really quite a lot of different things.

Everton failed PL FFP but will make representations on what can be discounted to minimise how much they overspent by during the covid years.
MU were a minor overspend (whatever that entails) of UEFA FFP during covid years; yes the PL will probably have a look, but they look at everyone's FFP accounts anyway, so this isn't new.
Chelsea haven't failed FFP currently, that may come in a couple of years when the 3 year cycle comes round.
City are being investigated for not providing accurate accounts (as a simple summary, it's a lot of things) in the past.

It's like comparing apples and pears and other apples.

They'll need a lever to investigate anyone in the way City are being investigated.

united's losses were £230m over a 3 year period. The allowable losses were £105m.

The narrative that it was 'minor' was set by united and regurgitated by the press.

 

[Norbert D]

I don't think any apology can rectify the amount of damage that has been caused.
In the eyes of the average sun reading,beer swigging,football fan,we cannot possibly be innocent......as 'oil money' is dirty and a number as high as 115 cannot equate to any other outcome.

The media have done a proper no smoke without fire job on us,and it has been lapped up by halfwits everywhere.

And quarterwits like Spitty **** faced wanker.

 

[Norbert D]

united's losses were £230m over a 3 year period. The allowable losses were £105m.

The narrative that it was 'minor' was set by united and regurgitated by the press.

What’s £125m between friends!

 

[bobbyowenquiff]

Chelsea have been fined by uefa

Chelsea fined £8.6m for FFP breach as Juventus banned from Europe for 2023/24 in separate financial case

Fiorentina to take Juventus Europa Conference League berth; Juventus must also pay a fine of €10m for breaking Financial Fair Play rules. A further €10m could be deducted if the club fails to comply with UEFA financial monitoring rules in future seasons.

www.skysports.com

Surely the PL will now have to investigate all Chelsea's accounts going back to 2009 because they have admitting submitting "partial accounts" for a seven-year period.

 

[gordondaviesmoustache]

Dont get me wrong, im not saying that they are all the same thing. What i am saying is that this will be the start of an investigation culture that they are just not set up to deal with.

Or want to.

 

[bluenova]

The rags and dippers dont understand our Club is run by top class world business people.
These people aren't just running CFC but other big organisations. Very experienced people who are use to working at the very top of their field of expertise.

The rags and dippers are putting their faith in the PL run by old gits with blazers and comb overs.

It is unbelievable that the PL really think our people have been fiddling the books for over a decade. Top top world business people fiddling the books lol really why would they risk their reputations, their careers etc just for City ?

This argument is the one that makes me most nervous.

Obviously we're not talking about the kind of dodgy, small-time wheeler dealers that have messed up clubs like Bury in the past, but the argument that rich, powerful men who run huge, multi-national businesses always follow the rules, clearly doesn't hold up. The world is full of dodgy rich and powerful men who have bent the rules to make themselves even more rich and powerful.

Then I see another poster sharing pictures of Putin and Xi - would you trust either of them? The UAE has done business with Trump as well as Obama, and he's not exactly Mr Probity.

I honestly think that the PL case will fail, mainly because some of the more outlandish stories about us are almost certainly bullshit, but also because the rules just aren't capable of dealing with a complex situation like our ownership. However, to suggest it's because powerful men follow the rules, because they worry about their reputations, is where I start to worry!

 

[MillionMilesAway]

united's losses were £230m over a 3 year period. The allowable losses were £105m.

The narrative that it was 'minor' was set by united and regurgitated by the press.

I think there are all sorts of parts of that figure that can be excluded and covid regs allow more for the period in question.
"minor breakeven deficit" is the wording on the UEFA website.
The fine was about £260k - it was minor after all excluded items were considered. The figures you quote are before accounting for allowed exclusions.

 

[waspish]

I thought that they were fined for 'fessing up to providing inaccurate information; a very curious one, but may be Boehly biting the bullet to prevent anything more.
I didn't think that they were found to have breached FFP.

That uefa premier ffp be on them too if they some how pass 22/23 they won't pass 23/24 season

 

[waspish]

united's losses were £230m over a 3 year period. The allowable losses were £105m.

The narrative that it was 'minor' was set by united and regurgitated by the press.

Yep blamed Covid

 

[MillionMilesAway]

That uefa premier ffp be on them too if they some how pass 22/23 they won't pass 23/24 season

I agree - a couple of years time is when things are going to come home to roost.

 

[waspish]

Surely the PL will now have to investigate all Chelsea's accounts going back to 2009 because they have admitting submitting "partial accounts" for a seven-year period.

Because chelsea was forced to sell maybe they'll get a bit of leeway but there was dodgy as fcuk accounting by the Russian all the while pointing the finger towards us!

 

[WRicko]

I think these are really quite a lot of different things.

Everton failed PL FFP but will make representations on what can be discounted to minimise how much they overspent by during the covid years.
MU were a minor overspend (whatever that entails) of UEFA FFP during covid years; yes the PL will probably have a look, but they look at everyone's FFP accounts anyway, so this isn't new.
Chelsea haven't failed FFP currently, that may come in a couple of years when the 3 year cycle comes round.
City are being investigated for not providing accurate accounts (as a simple summary, it's a lot of things) in the past.

It's like comparing apples and pears and other apples.

They'll need a lever to investigate anyone in the way City are being investigated.

Minor over spend but we don’t know the details seems fishy I don’t see how a club fails FFP in a minor way given the sums involved look at our first problem with FFP they moved the goal post we went from a no problem to major problem was that described as a minor breach ?