PL charge City for alleged breaches of financial rules

Latest Martin Samuel article about Forest/Everton and the new rules here on a non-paywall site:


Apols if already posted.
So let me get this right the premier league will charge Everton and forest yet come August these regulations will no longer be in place .WTF or have I picked that up wrong..
 
Latest Martin Samuel article about Forest/Everton and the new rules here on a non-paywall site:


Apols if already posted.
If you had a business, why would you handicap it in such a draconian way?

Answer:

If 4 of your Executive Directors wanted to ensure they remained in their exhalted positions in perpetuity, whilst earning vastly more than their fellow executive board members, who the four are quite willing to throw to the wolves to save themselves.
 
So let me get this right the premier league will charge Everton and forest yet come August these regulations will no longer be in place .WTF or have I picked that up wrong..

Yep they are supposed to be introducing new rules but exact details not yet know other than will be similar to the new UEFA rules that have replaced FFP.
 
Tomorrow the PL will announce any club that has breached FSR for last season rumours of 3 clubs
According to Te Athletic

Everton and Nottingham Forrst expect to be told on Monday that they have breached the Premier League's profit and sustainability rules for the three-year cycle up to June 2023
 
Latest Martin Samuel article about Forest/Everton and the new rules here on a non-paywall site:


Apols if already posted.
So every time they decide on a red whim to change the rules, the clubs who have been punished by the rules prior to August 24 could either be punished again or even worse pass the new rules but already be relegated by the old rules!!

How can anyone stand behind this shameful abomination. It’s fucking terrible.

Self serving made up red shit. Now they are trying their best to rewrite the “rules” to protect the red cunts.

The rest of the league need to wake up and smell the coffee. The Americans have brought the game into distribute all because they fear and loathe any other club getting their hands on the champions league money.

If these rules were any good why would the league constantly have to change them? They don’t stand up to any scrutiny.

Time for a new FFP vote. The clubs should throw them out before anymore damage can be done.
 
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I think you're getting a little mixed up & already know the answer which you've looked up because you mentioned Europe & Africa first? \0/

It was the UAE's intention to attract inward investment opportunities to their global investment portfolio to be managed alongside its sovereign wealth fund, underpinned by its oil wealth, as a way of diversifying away from its oil based economy.

This is partly what attracted Sheikh Mansour to buy a PL Footbal Club.

In the 90s/2000s Abu Dhabi realised the need to diversify, so they chose financial, banking & investment portfolio management as a way to attract inward investors, to whom they'd offer a full suite of financial services which they'd manage, underpinned by UK Law.

They were struggling to attract that inward investment regardless of the vast amounts of monies they paid marketing & advertising firms to promote them as a safe, credible, responsible investment opportiny for individuals, corporate entities & governments who could attain generous returns on their investments. A Switzerland in the Desert if you wish.

Circa 2007, the idea was floated to Abu Dhabi to prove their global finance capabilities by buying a sports franchise & turning it into a massive business success, which would not only prove how business savvy they were, but promote Abu Dhabi as a credible place to entrust with global investment funds in the process.

Roman Abramovich was cited as an example of someone who was relatively unknown until he bought Chelsea & turned them into a global football superpower.

Convinced, financial fixer Amanda Staveley was appointed to find a suitable PL Club, & the search began with Arsenal, moved onto Newcastle, then Everton & ended up at Manchester City who Sheikh Mansour purchased to achieve this aim.

It proved to be a masterstroke, which succeeded beyond all expectations. I recall a report on how pleasantly surprised Abu Dhabi were when they attended a major global finance convention, where most in attendance were fascinated by the Manchester City story, & subsequent events first & investment opportunities second.

Manchester City essentially put Abu Dhabi on the global finance map as somewhere to safely invest your money, which would be expertly managed, giving fantastic ROI's. Being part of an investment consortium who bailed out Barclays after the global crash of 2008, further enhanced our business savvy status.

The pimple you keep picking at is the UAE's inward investment offerings to invest in UAE specific projects? The answer's not specifically or limited to, & after our last exchange I don't wish to get embroiled in more nitpicking of irrelevant minutiae, whilst you completely ignore the bigger picture.

I'm pretty sure you've already swotted up on the following, but here they are again for citation purposes. Knock yourself out. ¯⁠\⁠_⁠(⁠⊙⁠_⁠ʖ⁠⊙⁠)⁠_⁠/⁠¯

https://www.eia.gov.ae/

https://www.adgm.com/setting-up/investment-banking/overview

https://www.theguardian.com/business/2009/jan/25/amanda-staveley-barclays-manchester-city

https://www.independent.co.uk/news/...s-probed-over-ps7bn-arab-bailout-7982699.html

:)
 
The Saudis are desperately trying to bring in sweeping reforms, but it's seriously difficult to do when surrounded by religious enemies who want you dead, & the constant wars that keep erupting around them.

The current conflict in Palestine, & the US/UK attacks on Yemen in response to Yemeni piracy & them attacking US/UK warships are a case in point. Things are never straightforward when religion is thrown into the mix. \0/
When we were first taken over I read an article by a Canadian journalist that talked about the issue of modernisation in the Middle East and the push back from the religious right over there.
The article was mostly about Formula 1, as I think it was around that time that they had the first Abu Dhabi Grand Prix, but City were mentioned in passing as part of the various international sports that were being invested in by Middle Eastern owners.
The gist of the article was saying the reason that there was more and more investment in things like sport and entertainment was partly to promote the region to the wider world but mostly to allow the population of these countries to have some access and view into the wider world.
It talked about how most of the leaders of these countries were western educated and they could see that the particular brand of religious extremism popular in that part of the world isn't going to allow them to become a tourist destination easily and would eventually hold them back in their financial diversification efforts.
The trouble they have is that the Imam's still have lots of power and cultural sway over the populace but if it becomes easier for people to see and meet other cultures from around the world then that would erode the power that the religious leaders have, kind of in the same way that the most racist people you meet live in areas with very few non-white people, it's easy to vilify and be scared of what you don't know or understand.
I've no idea how it's working out for them or even how true it is but it seems to link in with what you have said about Saudi Arabia. It was certainly more interesting and nuanced than the various articles about sportswashing or whatever else the UK press were screeching about at the time.
 
So let me get this right the premier league will charge Everton and forest yet come August these regulations will no longer be in place .WTF or have I picked that up wrong..

You can see the rules are going to be changed to the UEFA one by looking at the scum who have dropped the wage bill by around 60m annually! Uefa PSR are your wage bill should be 90% of turnover 1st year 2nd year 80% 3rd year 70% and shows how corrupt the premier is by changing it in halfway through this season while going after clubs now with different rules!
 

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