PL charge City for alleged breaches of financial rules

Dribble said:
Your explanation in the podcast is EXACTLY what fans have been crying out for. It brilliantly simplifies a complex matter so the average fan can better understand what's happening to us, so it settles the minds of the worried & gives armour & ammunition to our Sky Blue Warriors who're willing to go to war in City's defence.

I've added a couple of points according to my understanding like the monitoring period being shifted back 12 month, which I'm pretty certain is what UEFA did to us in between the submission of our interim accounts in March 2013 & the certified accounts 4 weeks later.

May I just thank you on behalf of Bluemoon, because you've really helped sort the wheat from the chaff. I just hope my interpretation of your expert assessment on the podcast has done it justice.

Cheers dude. You're our Superstar! :-)
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I'm very touched. As Delaney keeps reminding me.
 
OB1 said:
Auditors though are entitled to see everything a company has and if they ask for something and do not get satisfaction that creates a big problem.

Of course, the auditors cannot see off the books transactions (should they exist) but nor can the EPL.
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When we're audited, we give the auditor's full access to the accounts & supply anything they request from the folio.

They don't look through every transaction, receipt, invoice & purchase order. Essentially they rely on the accuracy of what we give them to do their job.

We sign to say the info is accurate & they sign to say they're satisfied to certify our accounts according to the info supplied.

At no point have BDO said "City refused us access to A B or C" or "We had serious concerns over X Y or Z, which City failed to explain/supply additional info for, so we've made an advisory note or not certified the accounts".

What this is all about is the difference between UK Law & PL rules. UK Law trumps it every time. This is a Pandora's Box the PL may wish they never opened.

The IFR is the PL's worst nightmare coming true. If they weren't self serving bent bastards, they wouldn't be so vehemently against it. \0/
 
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Dribble said:
Have we even received the PL's evidence yet?
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wolviedinho said:
Not sure mate. It’s all very cloak and dagger stuff.
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citizen_maine said:
Would we have made a statement that we can refute the charges if they hadn't?
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There is no need for City to say another word until the PL release their statement as to the outcome of the case. City refuted the charges and expressed disappointment, as the investigation is confidential you can be assured City will not comment, the PL said they wouldn’t make any further comment in their statement about the investigation being launched. I’m confident that there hasn’t, nor will be any significant leaks. So when a guy who sits behind someone at the Emirates, who is high up in some business in London claiming City are going to get hammered then, it’s just bullshit.
 
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Be assured people Like I’ve said you don’t cross a billionaire especially one who has the resources of a nation’s security services

KAM said we took a pinch once but never again

An internal email sent by City lawyer Simon Cliff recalled an exchange between Al Mubarak and Infantino, the documents showed.

"Khaldoon said he would rather spend 30 million on the 50 best lawyers in the world to sue them for the next 10 years," Cliff wrote, adding that this was a chance "to avoid the destruction of their rules and organization."

Among other internal correspondence from City published by Spiegel, Cliff said "UEFA doesn't respond to anything other than aggression" and a lawsuit against auditor PriceWaterhouseCoopers "could destroy the entire organization within weeks."
 
Winchester said:
Have some of you got nothing better to do than keep harping on an on and on about this?
Wait till an official announcement is made, More important things to discuss ffs
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More important than this! I doubt it.

Generally, finding something new to say about the subject is hard but the Everton punishment is new and while the cases may be different, the level of punishment meted out to Neverton is of interest. And, then, City aren’t playing this weekend so people are talking about this.

The City WSL side are playing the RGS now.
 
JewelZee said:
By "act on the information supplied" I hope you mean assert the validity of the reported information AND detect any suspicious data as well as uncover and report on any irregularities. An independent audit is not some exercise in rubber stamping reported data. If City were perpetrating fraud of this magnitude any high-end accounting firm would have been expected to uncover these irregularities in the course of their audit, let alone over a period of 10 years. So, yes, the PL would be ascertaining that the Auditors were incompetent or "in on it" which adds massively to the ridiculousness of the charges...

JMO (I've been a CPA since 1990 and a Director of Finance since 1998)
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I fully understand what you're saying, but I think you've got me wrong.

If you're a huge company, do auditors go over every single invoice, even those in the petty cash for bog rolls & biscuits?

We have independent auditors who work with finance to go over everything & highlight any discrepancies.

My comment about relying on supplied data goes to issues like those affecting Donald tRump.

When years long fraud was uncovered, Mazars confirmed they were acting on information received & requested. They subsequently dropped him as a client & testified against him in court.

As a CPA you'll appreciate cooking the books can easily be done, especially when dealing with paper trails. Even in the days of electronic entries, where there's a will, there's a way, hence why there's an element of trust.
 
OB1 said:
More important than this! I doubt it.

Generally, finding something new to say about the subject is hard but the Everton punishment is new and while the cases may be different, the level of punishment meted out to Neverton is of interest. And, then, City aren’t playing this weekend so people are talking about this.

The City WSL side are playing the RGS now.
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Oh so your family are not important
Well mine to me are, hence my op
Footie doesn’t rule my life
 
bluemoon32 said:
I love reading the "fuck em" and "the PL have nothing" posts but i just can't see us being exonerated and not being done over at all.
Not saying we're guilty of anything ,as like everyone else on here, i just don't know but i still think they'll manage to hang something on us, i don't trust those cunts at all.
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You only have to look at Uefa and the CAS cases, we were found guilty on all counts and our name dragged through the mud, on appeal to CAS the charges were all overturned with the exception of none co-operation. It as clear as day why the none co-operation took place. But how many fans of other clubs feel we were innocent of the charges? very, very few. In most peoples opinions we "got off" due to technicalities and better lawyers. No thought of us actually being innocent of the charges we just "got off"

Fast forward to the PL charges, exactly the same, you can already hear it, better lawyers, bribes, backhanders, political pressure, technicalities. Have any of the media, opposition fans etc.. even contemplated the thought that we may actually be innocent, completely legit and above board? No.

If the hearing goes our way it will be "disgusting" and another example of our "blatent cheating"

The charges being raised was all they needed to do.
 
So the 115 charges are basically FIVE of the same charges repeated over a ten year period , and TWO of them look like non-starters , as for the non co-operation can you blame us ? We did the same with the UEFA withchunt because Gill & Parry were leaking all sorts of shit to the media, there was even supposed to be an inquiry by the UEFA ethics commitee over the leaks and that never happened.
 
blue ranger said:
Why do people write this shit. It’s absolutely nothing to do with the government now it’s all in the hands of an independent commission. I don’t believe Sunak has any influence on this whatsoever.
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Sunak's announced an independent football regulator. That's about a big a bombshell the PL's ever had, hence why they're dead set against it.
 
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