PL charge City for alleged breaches of financial rules

If it comes to the last resort someone could always had a word in Charlies ear...



Sheikh Mansour bin Zayed meets King Charles III at royal reception
 
OB1 said:
But, as I understand, it - and again I’m an accountant not a lawyer - if they do not reach conclusions that have a genuine basis in evidence - not supposition - City will be able to take them to court.

If City are innocent of the damaging charges, they will prevail.
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I have no doubt we'll have an appeal process no matter what the experts on here say even if we set a president.
 
theres only one carlito said:
“Come out of this free and innocent” that’s wishful thinking.

Innocent but severely tainted would be my guess.
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This is what i dont get , we have and will always will be tainted just because we dared to break up and challenge the cosy cartel, it doesnt and never has mattered what we did or didnt do the simple fact that we dared to take them on was enough to have us branded cheats, charlatans etc etc and the fact is that it doesnt mean a damn thing, do you really think a 9 year old with a haaland shirt gives a fuck about what the sun or the daily mail has to say, that form of media is dying so its last pathetic roar is to appeal to its core audience of muppets who WANT to believe the conspiracy theory that everything is bent and they dont have the car or the house they want because the system is holding them down and that the football team they support isnt as successful as they want to be because the big bad entity that is man city is gaming the system, they cant accept reality because its too painful for them so they cling to these nonsense theories to justify their crap lives.

If they are who we are tainted to then who gives us a fuck, they are a small but loud majority who basically take up more air and space than they deserve but in the grand scheme of thing mean absolutely nothing.
 
Dribble said:
I've just listened to the podcast featuring @Prestwich_Blue saying our charges come down to 4 breaches, & multiples of those to get to the PL's 115 charges.

1. Mancini's Consultancy contract with Al Jazira.

Mancini was paid £1.45m plus bonuses by City, but had a second £1.75m Consultancy contract with Al Jazira Sports & Cultural Club which was owned by ADUG, the parent company of Manchester City.

The Der Spiegel claim is ADUG paid Al Jazira the money which was paid to Mancini as a Consultancy fee to help City get around FFP.

2. Image Rights payments through Fordham Image Rights

In 2013 City sold our players' Image Rights to Fordham Sports Image Rights for £24.5m & they paid our players their image rights.

UEFA & Der Spiegel claim we did this to artificially inflate our income to pass FFP in 2013, which City vehemently denied, but this formed part of the breach for which we were sanctioned that year.

After reaching an agreement with UEFA in 2015, City wound up this arrangement with Fordham & by 2018 we'd brought the players' Image Rights back into club ownership & control.

3. Etisalat Sponsorship

UEFA & Der Spiegel claim that City took two payments of £15m (£30m total) in 2012 & 2013 from Abu Dhabi based Financial Broker Jaber Mohamed, disguising it as sponsorship money from Abu Dhabi based telecommunications company Etisilat.

To my recollection, this was bridge funding from from Jaber Mohamed, because the Etisilat sponsorship payment wasn't due to City until 2015. On the due date, Jaber Mohamed was reimbursed by Etisilat.

4. Non Cooperation

After submitting our interim accounts in March 2013 which UEFA passed, we submitted our certified accounts 4 weeks later, only to learn UEFA had shifted the monitoring period back by 12 months without our knowledge to include the wages of Carlos Tevez.

This meant from being £3m inside FFP, we found ourselves £3m outside the limit & were hammered with a £50m fine, a £50m per season transfer limit for 3 seasons, a CL squad reduction from 24 to 20 players for 3 seasons, & of that 20-man squad, 4 had to be club trained & 4 Association trained.

Conclusion:

UEFA/G14 brought in FFP to stop City ever challenging the hegemony of the European Elite teams.

As they made moves to stop us, we made legal counter-moves to circumnavigate FFP restrictions on our growth.

Legal is the operative word here. What City have done hasn't broken any UK, European or Abu Dhabi laws, BUT UEFA believe they've broken their FFP rules.

The question of right or wrong comes down to whether UEFA's rules usurp the sovereign laws of the UK, Europe & Abu Dhabi. They don't.

This comes to the heart of why City are in favour of an Independent Football Regulator (IFR) with CAS finding in our favour, & UEFA/G14 & the five founding members of the Premier League being Everton, Spuds, Liverpool, Arsenal & ManUre aren't in favour of outside regulation.

UEFA/G14 & those five PL teams are quite happy with English & European football being governed in their own self interests. City realised their FFP rules would make it virtually impossible for any newly minted outsiders to ever challenge them domestically or in European competition, so did what we legally could to progress to where we are today.

Hopefully I've got all this right, as I think it vitally important we sort the wheat from the chaff in defence of the club we love. )(

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"Finance Expert' LOL.

Just to clarify a few things here. The annual £1.75m Mancini was paid as part of the Al Jazira contract was at a time when we reported aggregate losses of nearly £350m over the 3 full years he was with us. So that £5.25m we allegedly paid him under the table made absolutely fuck all difference in the overall scheme of things.

I don't recognise the scenario of pushing back the monitoring period under the non-cooperation heading but I did write about UEFA changing the method of calculation of the allowable wages, which pushed us into breaching FFP by a small amount.
 
Why no one talks about this ,the day ffp was born , pl turned in to invisible mls 2.0 unnoticed or ignorance or both .
What’s next ?net club spent , salary cap , cheery pick old golden goose etc etc ?
 
Prestwich_Blue said:
"Finance Expert' LOL.

Just to clarify a few things here. The annual £1.75m Mancini was paid as part of the Al Jazira contract was at a time when we reported aggregate losses of nearly £350m over the 3 full years he was with us. So that £5.25m we allegedly paid him under the table made absolutely fuck all difference in the overall scheme of things.

I don't recognise the scenario of pushing back the monitoring period under the non-cooperation heading but I did write about UEFA changing the method of calculation of the allowable wages, which pushed us into breaching FFP by a small amount.
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To be fair the amount of money is irrelevant, allegedly paying off the books is not a good look and arouses suspicion.
 
Dribble said:
I've just listened to the podcast featuring @Prestwich_Blue saying our charges come down to 4 breaches, & multiples of those to get to the PL's 115 charges.

1. Mancini's Consultancy contract with Al Jazira.

Mancini was paid £1.45m plus bonuses by City, but had a second £1.75m Consultancy contract with Al Jazira Sports & Cultural Club which was owned by ADUG, the parent company of Manchester City.

The Der Spiegel claim is ADUG paid Al Jazira the money which was paid to Mancini as a Consultancy fee to help City get around FFP.

2. Image Rights payments through Fordham Image Rights

In 2013 City sold our players' Image Rights to Fordham Sports Image Rights for £24.5m & they paid our players their image rights.

UEFA & Der Spiegel claim we did this to artificially inflate our income to pass FFP in 2013, which City vehemently denied, but this formed part of the breach for which we were sanctioned that year.

After reaching an agreement with UEFA in 2015, City wound up this arrangement with Fordham & by 2018 we'd brought the players' Image Rights back into club ownership & control.

3. Etisalat Sponsorship

UEFA & Der Spiegel claim that City took two payments of £15m (£30m total) in 2012 & 2013 from Abu Dhabi based Financial Broker Jaber Mohamed, disguising it as sponsorship money from Abu Dhabi based telecommunications company Etisilat.

To my recollection, this was bridge funding from from Jaber Mohamed, because the Etisilat sponsorship payment wasn't due to City until 2015. On the due date, Jaber Mohamed was reimbursed by Etisilat.

4. Non Cooperation

After submitting our interim accounts in March 2013 which UEFA passed, we submitted our certified accounts 4 weeks later, only to learn UEFA had shifted the monitoring period back by 12 months without our knowledge to include the wages of Carlos Tevez.

This meant from being £3m inside FFP, we found ourselves £3m outside the limit & were hammered with a £50m fine, a £50m per season transfer limit for 3 seasons, a CL squad reduction from 24 to 20 players for 3 seasons, & of that 20-man squad, 4 had to be club trained & 4 Association trained.

Conclusion:

UEFA/G14 brought in FFP to stop City ever challenging the hegemony of the European Elite teams.

As they made moves to stop us, we made legal counter-moves to circumnavigate FFP restrictions on our growth.

Legal is the operative word here. What City have done hasn't broken any UK, European or Abu Dhabi laws, BUT UEFA believe they've broken their FFP rules.

The question of right or wrong comes down to whether UEFA's rules usurp the sovereign laws of the UK, Europe & Abu Dhabi. They don't.

This comes to the heart of why City are in favour of an Independent Football Regulator (IFR) with CAS finding in our favour, & UEFA/G14 & the five founding members of the Premier League being Everton, Spuds, Liverpool, Arsenal & ManUre aren't in favour of outside regulation.

UEFA/G14 & those five PL teams are quite happy with English & European football being governed in their own self interests. City realised their FFP rules would make it virtually impossible for any newly minted outsiders to ever challenge them domestically or in European competition, so did what we legally could to progress to where we are today.

Hopefully I've got all this right, as I think it vitally important we sort the wheat from the chaff in defence of the club we love. )(

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It would be very interesting on the Fordham thing, especially as 5 other PL clubs were fined by HMRC for creative image right solutions that actually broke UK tax regulations.
In fact United and Newcastle after paying back tax are under investigation for their tax affairs from top to bottom going back quite a way.
Pellegrini was also fined for trying to evade UK taxation - Not a problem for City though - that was his and his alone's problem.
www.uhy-uk.com

Tax investigations into UK football clubs recover £125m, more than doubling the previous year’s total of £59m

Read the latest insights from UHY Hacker Young: Tax investigations into UK football clubs recover £125m, more than doubling the previous year’s total of £59m
www.uhy-uk.com www.uhy-uk.com

In fact their are huge issues with tax avoidance/evasion in football.

New report: how Premier League Football clubs have avoided £470m of tax, and how to stop it

Tax Policy Associates today reveals that Premiership football clubs are avoiding tax on an industrial scale, by artificially structuring their payments to football agents. We estimate this has cost £470m in lost tax since 2015. In our view this is failed tax avoidance - it was never compliant with t
www.taxpolicy.org.uk www.taxpolicy.org.uk

This will become a huge issue over the next few years.
In fact, solving our problems early with UEFA may yet actually be a blessing in disguise. For worst case this ACTUALLY IS breaking the law.
 
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mancboy said:
What i dont understand is and maybe im being incredibly dim here but if it was off the books, how has it found its way into our accounting period and been reported on?
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Good point and a reason the charges and what they entail are pure speculation.
 
mcfcphil said:
The amount of money is always relevant.
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If you have paid him a pound off the books or a million, you have evaded tax payments and your accounts are not accurate.\
But it's irrelevant in that we don't even know this is one of the charges.
 
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