PL charge City for alleged breaches of financial rules

[burning blue soul]

My life would be empty otherwise mate. This is all I've got.

What else is there?

 

[Ducado]

My life would be empty otherwise mate. This is all I've got.

Yes but look how much information you have imparted, can you imagine all the groping in the dark that would be going on without your input

Most of us don’t understand the arcane world of accounting you have made it accessible and understandable, and you’ve put plenty of so called sport journalists in their place

 

[Dribble]

Oh I do
But it amazes me who some of them on here react like it's the End of Days

We're a broad church if opinions & emotions mate. It's what makes Bluemoon, Bluemoon ¯⁠\⁠_⁠(⁠ツ⁠)⁠_⁠/⁠¯

 

[Gingers Dad]

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

"Did you see us lift Old Big Ears in Istanbul?"

 

[Dribble]

They have made a series of accusations - at least 100. Seem to have no evidence and are trying to press us to concede guilt whilst continuing to look for any evidence. It seems to be an utter farce, but the press are lapping it up.

To be honest, on further investigation it seems they may have our evidence after all, but they're conducting their investigation in private with City.

That's my recent understanding of it. Quite why there's rumours it could take up to 4 years is beyond me mate.

 

[Norman kneejerk]

The PL largely rely on what clubs tell them, via their audited accounts and other financial statements. If Chelsea hid things, via transactions using offshore accounts, probably very little the PL could have done to notice that.

Fair enough just surpisimg thinking about stuff like who.would have known . I suppose if the money was going off shore from.Abramhovic rather than the club it would be possible to hide it..

 

[EricBrooksGhost]

So finally caught up and absolutely nothing new from Eugene; I thought that **** had his finger on the pulse.

 

[Dribble]

I understand what you are saying but in my years conducting audits the level of testing we conducted was quite extensive and if you know what you're doing it's really not as difficult as one may think to find irregularities. I can't imagine City going to the lengths that would be required to deceive a top level firm, let alone year upon year. And then the PL steps in without anywhere near the access to our books given to the auditors and claims that our reporting is fraudulent...that's more than a bit of a stretch, never mind proving it in a formal manner while being opposed by our brilliant attorneys...

Agreed, that's why I think the differences are what's accounting legality & what's the PL's rules.

I honestly feel the PL have opened a can of worms they could live to regret.

It's already started with the IFR...

 

[Xhavenjoe]

So finally caught up and absolutely nothing new from Eugene; I thought that **** had his finger on the pulse

More likely his finger is up his arse

 

[CC1]

The Chelsea one seems a bit strange in that the PL seem to be saying they hadn't noticed anything in the reporting from Chelsea and their advisors for years and years but now Chelsea have just mentioned it to them.

Makes it sound like they were oblivious to everything!

They were too busy using all their staff to pursue us :)

 

[burning blue soul]

Right, unashamed lazy bollocks here, what's the craic?

Should we be shitting ourselves or just the same as it was beforehand

 

[Three_Hat-tricks]

There's obviously only one way City can be fairly judged on this issue, in my opinion, and it reminds me of those old stories of how medieval people used to test whether or not someone was a witch. Throw the accused in a river. If they float, that means they are a witch, so you haul them out and burn them to death. If they sink into the water and drown, that means they weren’t a witch after all and justice is seen to be done.

 

[I'm Blue]

Yes but look how much information you have imparted, can you imagine all the groping in the dark that would be going on without your input

Most of us don’t understand the arcane world of accounting you have made it accessible and understandable, and you’ve put plenty of so called sport journalists in their place

Without this thread our source would be the media.
There would be Blues stood on the edge of bridges everywhere.

 

[LeonardoDaVnci]

What you are citing are "audit exceptions". They must be disclosed in the Auditor's report. Apparently the PL believes themselves to be better suited for the task. It's truly a fucking joke...

I think the PL attack line is not about accounting anomalies per se. Its about the PL trying to invalidate sponsorship deals by asking questions like...

"Please provide contemperanous documentary evidence/emails of the tender process that led to the Etisalat/Etihad/Aabar sponsorship. Please provide details of the commercial negotiations that took place at the time the deal was agreed, not post dated/retrospective evidence"

If our response is weak the PL will say..

"The PL believes the IC can reasonably infer the sponsorship was in fact disguised equity funding and therefore should have been reported as such in the accounts"

We MUST have the evidence/witnesses to blow this line of attack out of the water. Just like we did at CAS, but this time going all the way back to 2009/2010.

This is what the false accountanting BS is all about and not about fiddling with the numbers. The PL wil have to be prepared to accuse sponsors of being complicit in a conspiracy to break PL rules not UK Law.

 

[Man_City_Loyal]

If it ends up with us being cleared and I was an investor thru advertising I'd be looking to get my pound of flesh from the PL (actually millions of pounds)...

fingers crossed they do

 

[Invisible Man's Bandage]

I've got serious concerns that large numbers of posters aren't going to make it until the end of this process.

My thoughts and prayers are with them.

 

[Dribble]

I think the PL attack line is not about accounting anomalies per se. Its about the PL trying to invalidate sponsorship deals by asking questions like...

"Please provide contemperanous documentary evidence/emails of the tender process that led to the Etisalat/Etihad/Aabar sponsorship. Please provide details of the commercial negotiations that took place at the time the deal was agreed, not post dated/retrospective evidence"

If our response is weak the PL will say..

"The PL believes the IC can reasonably infer the sponsorship was in fact disguised equity funding and therefore should have been reported as such in the accounts"

We MUST have the evidence/witnesses to blow this line of attack out of the water. Just like we did at CAS, but this time going all the way back to 2009/2010.

This is what the false accountanting BS is all about and not about fiddling with the numbers. The PL wil have to be prepared to accuse sponsors of being complicit in a conspiracy to break PL rules not UK Law.

The curious thing is all our UAE sponsors fall under suspicion, whilst the Red Top's US sponsors are all fine & dandy. I wonder why? ¯⁠\⁠_⁠(⁠⊙⁠_⁠ʖ⁠⊙⁠)⁠_⁠/⁠¯

 

[Mr Fraser]

Alan Rough? Nominative Determinism

willie donachie own goal - Google Search

 

[BerkshireBlue]

If and it a big if we get done for this. How much money would the club have dodged ffp by compared with Everton
From what I have read. Seems a few million not couple hundred mill

£0 if it's the premier league profit and loss rules. about £1.5 million if it's Uefa ffp that we've already been punished for

 

[Tommy_Catons_Perm]

My life would be empty otherwise mate. This is all I've got.

Keep up the good work. You've educated this philistine through numerous articles in KOTK and this forum.