PL charge City for alleged breaches of financial rules

give it to gordon said:
What's fair value ? If I want to sell my car for 200quid and someone offers 500quid I am meant to say nah mate it's only 200quid !

Buyer is happy to 500quid I'm happy to take 500quid seems fair as both are happy
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Fair market value has always been a bug bear of mine because its entirely unworkable as a concept, no outside entity can decide the market value as the market sets the value and thats the way its always been and always will be, as you said if someone offers you over what is considered to be market value you arent not going to take it because to that person its worth 500 quid and that therefore is its value
 
Brightwell Bros. said:
Finally got round to listening to the Harris/Stefan podcast and I was quite shocked to hear how little Harris knew about the 115 charges. He really, really wanted to talk about fair value, wanted to imply they were back on the table now, and had very little sense of how the whole thing was going to play out. This was only recently so has had plenty of time to get his head round the CAS case and listen to a bunch of stakeholders and experts on the details (as best we can work out) re: the IC. Really quite taken aback by how little detail he had given this is his life's work: there's a bunch of journos who have a better grasp (for, against, neutral). Weird.
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Cunts will be cunts,BB.
 
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projectriver said:
Another set of thoughts
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The replies to the post show you that it doesn't matter how much evidence we have of our innocence and how unlikely it is we have done what we are being accused of, opposition fans are desperate for City to be punished and shifted out of the way. They are desperate and broken and will never believe anything than what they have been fed by the media. Anyway fuck em all.
 
projectriver said:
Another set of thoughts
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Yep, the first thing the auditors would have done when the emails were leaked is get to the bottom of it, if only out of self-preservation. The fact their audit opinions have been unqualified since despite presumably much more scrutiny on the relevant transactions means they were satisfied, as far as they had to be. If they weren't, they would have qualified their opinions or, much more likely, resigned.

I really can't get my head around what the PL is doing bringing true and fair accounts into it, unless it's purely procedural (they haven't seen the counter-evidence they want to see, so have just thrown everything to the IC) which, if so, begs the question - was that wise? I didn't understand this at the beginning of the thread, and I still don't.
 
Centurions said:
To me he seems to be a man with an enormous amount of anger and hate. He needs to direct it somewhere otherwise he could harm himself or random members of the public. I guess this is how lone gunmen are born.

And don't forget he claims a City fan threw a brick through his window whilst he was away visiting his wife in a hospice. How he knows it was a City fan if he wasn't there is another matter, perhaps he should ask magic twat if he did it. An Arsenal fan did it and ran away sort of thing?
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I think it was the SAS, they’ve took over from Chelsea fans as the go-to people to blame.
 
projectriver said:
Another set of thoughts
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Great thread and the audit aspect is something I've briefly mentioned on here a few times.

I'd also add that it's likely the first phone call Soriano/ Khaldoon took after the Der Spiegel leaks was with BDO audit partner, who would have sought assurances over the integrity of the accounting items implicated in the leaks.

If those assurances, which I expect comprised verbal, written and third party documentation, were not obtained, BDO would have resigned.

The fact that BDO remains the club's auditor six years after the leaks gives me great comfort.
 
give it to gordon said:
What's fair value ? If I want to sell my car for 200quid and someone offers 500quid I am meant to say nah mate it's only 200quid !

Buyer is happy to 500quid I'm happy to take 500quid seems fair as both are happy
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He thinks we are selling that car to a brother who is a billionaire and over paying!
 
Kippax77 said:
Isn't an Harris another name for a minge in some quarters?
I'm sure a woman I was seeing from Salford yrs ago called hers an Harris on occasion
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“Aris” is cockney for arse. It comes from Aristotle = bottle = bottle and glass = arse. Based on losing your bottle is losing your arse or shitting yourself.
 
Brightwell Bros. said:
So I suppose if you buy a cup of tea off your son on your deathbed for the house and your savings you'll have a tricky time convincing the tax man that it was fair value. So there are laws and regulations in place. But as far as I can tell City, Etihad, the PL, UEFA and everyone else in between has always agreed that it was fair value, albeit on the steeper end of the system and obviously a result of City's relationship to Etihad. And the time since its proven to be of good value. But I was surprised to hear Harris still talking about as it doesn't really have much to do with the charges as everyone understands it.
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I wont have to convince the tax man of anything, I'll be dead
 
Stoned Rose said:
How come?
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From a paper some years ago about the trial
It was almost as "popular" as the OJ Simpson trial

"There have been times over the last three weeks when No. 1 Court at the Old Bailey has seemed more like a theatre than a court of law.

Three long benches in the well of the court, offering the best view of the proceedings, became a sort of Royal Box, reserved for VIPs and visiting dignitaries, most of whom had nothing to do with the case and just wanted to give the family an unusual day out.

A succession of well-groomed middle-aged women with Harrods carrier bags and winter suntans sat there with their daughters or their best friends from 10.30 in the morning until the curtain fell at 4 in the afternoon.

There were free seats for the manager of the hotel where the Yorkshire police were staying, for MPs, councillors, sundry lawyers with their children, the Arsenal goalkeeper Pat Jennings, and for three men who were commended in another court for tackling a bank robber"
 
Bluewonder said:
Great thread and the audit aspect is something I've briefly mentioned on here a few times.

I'd also add that it's likely the first phone call Soriano/ Khaldoon took after the Der Spiegel leaks was with BDO audit partner, who would have sought assurances over the integrity of the accounting items implicated in the leaks.

If those assurances, which I expect comprised verbal, written and third party documentation, were not obtained, BDO would have resigned.

The fact that BDO remains the club's auditor six years after the leaks gives me great comfort.
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Agreed. I appreciate BDO aren’t as big as Arthur Andersen, but this would be bigger than the Enron scandal that wiped Andersen out and would doubtless do the same to BDO. The partners will be well aware of this
 
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