PL charge City for alleged breaches of financial rules

argyle said:
This is the same argument that Carragher has said.

Our evidence is our published accounts.

We don't have to do anything else as we're innocent until proven otherwise.

It's for the PL and their barristers to show what evidence they have they says our accounts are false.
Click to expand...
Carragher ?
 
There's no avoiding it any longer, if you want to know what all this shite is about you can see every one of our accounts from the time of the ADUG purchase to the present day.

www.cityfootballgroup.com

About City Football Group

Established in May 2013, the CFG approach ensures that every club remains authentic to its fans and community, plays entertaining football and benefits from being part of a global organisation that applies the world's best expertise on and off the pitch.
www.cityfootballgroup.com www.cityfootballgroup.com

Its interesting to see how far the club has evolved and how the incremental financial improvements were achieved year after year.

So from the 2009/2010 Annual Report, ie the first year that the PL charges relate to, you can see below the clubs open and transparent objectives re sponsorships, nb "sponsors" and "partners" are used interchangeably in the reports.

"We are already seeing signs of progress, with the Club’s performance for 2009-10 improving in all of our primary revenue generating activities.
Corporate partnership has been a particularly strong area, with new partnership agreements signed with Etihad Airways, Umbro, Ferrostaal,
Etisalat, the Abu Dhabi Tourism Authority and Aabar during the 2009-10 financial year. Combined with the new partnership agreements signed since the 2009-10 financial year ended with companies such as Thomas Cook Sport, Jaguar Land Rover, Heineken, Malmaison and a renewal of our agreement with Key 103, we view this growing demand for closer involvement with the Club as an endorsement of our unique partnership offering and ambitious vision for the future"

Notice how nobody has ever besmirched or smeared the partnerships with any of the other partners, you know all the ones from the non Arab companies, no never once, only those from the dodgy Middle East. Its absolutely disgusting the way these attacks have been framed. The next time I see that "No Room for Racism" UEFA hypocritical bull shit at our stadium I think my melon may explode.

If anyone has the time or inclination to get stuck in please could they answer this. If our Financial Reports are so fundamentally flawed why don't some of the so called experts explain precisely why/how and in detail they are so deficient say compared to three other clubs eg MUFC, AFC, LFC just for example.
 
colinbellsboy said:
Arsenal in dock over £1m 'secret payment'
Nick Harris
Friday 02 June 2006 00:00 BST
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Sepp Blatter, the president of Fifa, last night told Arsenal to disclose the full details of their financial relationship with the Belgian club Beveren to ascertain whether they have broken any regulations over multiple club ownership or have been guilty of a conflict of interests. The head of football's world governing body intervened after BBC's Newsnight programme revealed that a Belgian police investigation had concluded that Arsenal made secret payments of £1m to Beveren.

Arsenal issued a statement last night, saying they had lent the money in 2001 to a third party who wanted to secure Beveren's future, and denied owning Beveren, directly or indirectly, at any stage. Whether their explanation will be good enough for Fifa remains to be seen.

The payments were made in 2001 in the form of interest-free loans to Raoul de Waele, a business associate of Arsenal's vice-chairman, David Dein. Documents obtained by Newsnight show the money was used to set up a company called Goal, which would take control of Beveren. This happened. The documents show that the loan and other money advanced by Arsenal would be repaid out of Goal's share of transfer profits from selling imported Ivorians and other players. It is not clear when, or how much, money Arsenal received.

In practice, the tie-up gave Arsenal an effective monopoly over the futures of Beveren's many Ivorian players. According to Newsnight, Arsenal funded the Beveren buyout so that Jean Marc Guillou, an old friend of Arsène Wenger, could use it as a staging post to import talented Ivorian players into Europe more easily. Guillou had formerly been the head of the ASEC academy in the Ivory Coast, which produced players including Kolo Touré.

Arsenal bought Touré directly from ASEC in 2002 in a deal that turned sour for ASEC when Guillou left after a dispute with a business partner. Guillou did not have the funds to buy Beveren himself.

Instead the De Waele-controlled Goal, funded by Arsenal's money, took legal control. A director at Beveren told Newsnight that in return for £1m, De Waele was given 50 per cent control of Beveren and Guillou was given another 30 per cent.

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Christian du Four, the investigating magistrate in the Flemish town of Dendermonde, who began his probe into Beveren under the initial, mistaken, belief that the secretive £1m funding may have been linked to money-laundering, described De Waele as Arsenal's "straw man" on the Beveren board.

If Arsenal did have any formal ownership of Beveren, the conflict of interests would be clear, not least in their transfer dealings. Arsenal bought Emmanuel Eboué from Beveren in January last year.

Arsenal said in a statement last night: "We do not normally make public our agreements with third parties. However, we can confirm we have had a technical relationship with Beveren since 2001.

"This relationship has a number of benefits to both clubs such as providing a platform to share coaching methods and techniques as well as facilitating the option of players being loaned between the clubs.

"During the course of the relationship, Arsenal players David Grondin, Liam Chilvers, John Halls and Graham Stack all spent successful loan periods at Beveren as did Emmanuel Eboué, who played in a number of trial matches with Arsenal whilst contracted to Beveren. Such was the latter player's success, Arsenal subsequently signed Eboué on a permanent basis.

"In addition, we confirm that we have never owned, directly or indirectly, any shares in Beveren or had any power whatsoever to influence its management or administration.

"We did in 2001 provide funds of €1,570,703 (£1.075m) by way of loan to a member of a consortium who used the money to assist in stabilising the finances of Beveren.

"At no time has anyone at Arsenal been contacted by any regulatory or investigatory body with respect to our relationship with Beveren. Arsenal have acted properly throughout, in accordance with all applicable rules and regulations," the club stated.

In a further revelation that will cause embarrassment, if not lead to any formal investigation, Newsnight also obtained documentary evidence that Wenger invested £30,000 of his own money in ASEC between 1997 and 1999 when Guillou was still in charge.

According to one document, it was anticipated that Wenger could expect to make £100,000 from his share of player sales by ASEC.

This raises a clear conflict of interest issue because Arsenal subsequently bought Touré directly from ASEC. But it is understood Arsenal were happy with Wenger investing, and Wenger has since said privately that the money was a donation, not an investment. There is no evidence Wenger was paid any of his money back.

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I found this as well
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“Sign up to Miguel’s Delaney’s free weekly newsletter”

I’d rather sign up to the Russian army’s recruitment newsletter.
 
Centurions said:
Which bit? The bit where you think we should all report our own club to the police for fraud or the bit where we should all write to our MP's (mine is an MSP so I'd love to see their reaction), although I'm slightly confused as to what we're supposed to tell them.
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If you re read it I say that we have two options speak to the police or our MPs the former is stupid could back fire but it makes my point Re the affective accusations of crime but no actual accusation of a crime and no actual investigation.

I think MPs would be interested in a billion pound business (premier league) accusing a member near billion pound business of crime and affectively perusing a private prosecution (like post office without sufficient evidence and taking ages and ages two do it and besmearing of name in the process) plus they should be interested in any potential tax issues that may or may not arise from any alleged wrong doing plus any negative consequences for the premier league brand or the UAE a key Allie
 
LeonardoDaVnci said:
There's no avoiding it any longer, if you want to know what all this shite is about you can see every one of our accounts from the time of the ADUG purchase to the present day.

www.cityfootballgroup.com

About City Football Group

Established in May 2013, the CFG approach ensures that every club remains authentic to its fans and community, plays entertaining football and benefits from being part of a global organisation that applies the world's best expertise on and off the pitch.
www.cityfootballgroup.com www.cityfootballgroup.com

Its interesting to see how far the club has evolved and how the incremental financial improvements were achieved year after year.

So from the 2009/2010 Annual Report, ie the first year that the PL charges relate to, you can see below the clubs open and transparent objectives re sponsorships, nb "sponsors" and "partners" are used interchangeably in the reports.

"We are already seeing signs of progress, with the Club’s performance for 2009-10 improving in all of our primary revenue generating activities.
Corporate partnership has been a particularly strong area, with new partnership agreements signed with Etihad Airways, Umbro, Ferrostaal,
Etisalat, the Abu Dhabi Tourism Authority and Aabar during the 2009-10 financial year. Combined with the new partnership agreements signed since the 2009-10 financial year ended with companies such as Thomas Cook Sport, Jaguar Land Rover, Heineken, Malmaison and a renewal of our agreement with Key 103, we view this growing demand for closer involvement with the Club as an endorsement of our unique partnership offering and ambitious vision for the future"

Notice how nobody has ever besmirched or smeared the partnerships with any of the other partners, you know all the ones from the non Arab companies, no never once, only those from the dodgy Middle East. Its absolutely disgusting the way these attacks have been framed. The next time I see that "No Room for Racism" UEFA hypocritical bull shit at our stadium I think my melon may explode.

If anyone has the time or inclination to get stuck in please could they answer this. If our Financial Reports are so fundamentally flawed why don't some of the so called experts explain precisely why/how and in detail they are so deficient say compared to three other clubs eg MUFC, AFC, LFC just for example.
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That’s not really the allegation, the Etihad numbers for example that we received are exactly what was in the contract. The issue, at least for Uefa’s case, was who was paying for them.

It’s difficult to know with the PL charges as they haven’t shared their argument and reasoning.
 
Layman question and one that I'm sure will have been asked and answered.
If the PL amateur panel punish us - I know there's no appeal process - well, none worthy of the name, - but if we are absolutely adamant they are wrong and the finding is unjust and without evidence - can we sue for defamation and reputational damage that such a finding and the months of conjecture will have caused? In effect we take it into a legal sphere.
 
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The twattiest thing out of all this is that most, if not all, of this nations media, reporters, pundits etc are hiding their jealousy, their childish petty jealousy, of City behind these accusations. Even the likes of Winter, or Simon Stones, the best reporters are playing that childish game.
 
Gorton_Tubster said:
The twattiest thing out of all this is that most, if not all, of this nations media, reporters, pundits etc are hiding their jealousy, their childish petty jealousy, of City behind these accusations. Even the likes of Winter, or Simon Stones, the best reporters are playing that childish game.
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Simon Stones in a sentence ‘with the best reporters?’ Doesn’t add up for me… aside from that you’re right, very petty, bitchy, and pathetic…
 
GaudinoMotors said:
Layman question and one that I'm sure will have been asked and answered.
If the PL amateur panel punish us - I know there's no appeal process - but if we are absolutely adamant they are wrong and the finding is unjust and without evidence - can we sue for defamation and reputational damage that such a finding and the months of conjecture will have caused? In effect we take it into a legal sphere.
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There is an appeal process but still a panel within PL structure...

AFAIK we cannot appeal to CAS like vs UEFA.
 
Moss Side's Finest said:
The point is, and it has been laboured many times. No matter who is on the panel, it's still a football industry based panel attempting to get involved in SERIOUS financial and legal matters it has no place being involved in. If they think we have commited fraud (although they're too scared to mention the F word), then it should be they who call in the relevant authorises and law enforcement agencies. The fact they haven't speaks volumes.
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Tried having this conversation with a rag the other day. He was giving it the big one.

I asked him "go on then what have we apparently commited"

He spouted off "fraud, disguised sponsorships, back handers" etc...

I then said "why haven't the authorities like Inland revenue, Police and other government officials been notified if it's as serious as what you are saying"?

His response "its got nowt do with them" ..

I walked off shaking my head.
 
Premier League.." yes hello is it possible to speak to a Mr Sheikh Mansour "

Sheikh Mansour's office.." he's busy at the minute, can I take a message"

Premier League.." yes...erm....could you tell him that we think he's fiddling figures, lying about sponsors and inflating deals .."

Sheikh Mansour's office.."Sorry?? Do you want me to ask friend of the royals, deputy prime minister of Abu Dhabi and highly respected businessman worldwide if he's a crook, committed crime and is part of a conspiracy...?"

Premier league.."...(gulp) erm....erm.......(clunk....(sound of phonecall being ended..)....".
 
Moss Side's Finest said:
You're forgetting that every transaction involved will have been audited at some point or other by approved external auditors. As much as the media will have you think, we aren't opperated like some shady cash only backstreet shop
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No were not operated like that, but it's fundamental to the never ending smear campaign that lies like that are repeated...

the reality is somewhat different...

e.g. From the MCFC Annual Report (2010-2011) [1], the Auditors BDO [2] stated this :-

"Opinion on financial statements

In our opinion the financial statements:

Give a true and fair view of the state of the Group’s and the Company’s affairs as at 31 May 2011 and of the Group’s loss for the year then ended;
Have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice;
Have been prepared in accordance with the requirements of the Companies Act 2006."

So the PL are implicitly accusing BDO (world renowed auditors) of being either incompetent or complicit in false accounting. In addition they are implicitly accusing Etihad Airways accountants (KPMG and Deloitte) of being either incompetent or complicit in false accounting.

Refs
www.cityfootballgroup.com

About City Football Group

Established in May 2013, the CFG approach ensures that every club remains authentic to its fans and community, plays entertaining football and benefits from being part of a global organisation that applies the world's best expertise on and off the pitch.
www.cityfootballgroup.com www.cityfootballgroup.com
www.bdo.co.uk

Audit & Assurance | External Audit | Risk Assurance | Report

Discover our range of Audit and Assurance services that you, your investors and shareholders can trust.
www.bdo.co.uk www.bdo.co.uk
 
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chaddblue said:
Why does that weasel get to ask the first question at every Pep press conference?
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I think Pep has a bet with the press office what fucking stupid question he will ask.

Note the look Pep gives his mate on the top table everytime he's covers his face after Slimey opens his gob.
 
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