Metalartin
Well-Known Member
- Joined
- 15 Jul 2015
- Messages
- 12,442
Thanks.What was time-barred was any transactions that appeared in the accounts in 2011/12 & 2012/13.
The Etihad payments that CAS examined covered 2012/13, 2013/14 and 2015/16. So that first period was time-barred but that's completely irrelevant as CAS were clear that:
Payments made in 2012/13 made absolutely no difference to that.
- Etihad had met its obligation under the contract.
- There was no problem with it being fair value.
- Etihad had full value from the sponsorship.
- ADUG did not provide any of the funds to Etihad.
Etisalat was the other, and that covered both of the time-barred years. However CAS covered it fully as ADUG seemingly made the original payment but got the money back from Etisalat in 2014/2015, which wasn't outside the allowable timescale.
Again, both CAS and even UEFA were happy that there was no issue with the Etisalat contract. Etisalat had met their obligations and received fair value for that sponsorship.
Time-barring had zero impact on the outcome of the CAS case. None.
I had took it from comments here and the CAS report page 55, item 196-197, that the Etisalat disguised equity allegations were all time barred and not judged on. I actually thought UEFA and City didn't present anything as a result of that for a long while but I realise now that information was presented from both sides and even testimony from someone at Etisalat. On item 196 they say the payments were received June 2012 and January 2013(the timebarred years as you say... everything before 2014 right?) and reported in the financial statements of the year ended May 2013. Just reading it again, it says references to such information submitted to UEFA in subsequent years is time barred as well. I suppose the payment in 2014/15 was a new payment and not reference to the old ones though.
Page 88 item 324 summarizes both the Etisalat and Etihad stuff nicely too:
That says to me, even the time-barred Etihad allegations were going to get overturned had they been required to make a decision on them.
It can get a bit confusing for someone who hasn't studied law but to be honest it's surprising to me how much I do understand vs a few years ago. Having to read up on laws and finance side of it because of all the armchair experts wearing red shirts insisting City were bang to rights has probably had the same effect on a fair few City fans.
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