PL charge City for alleged breaches of financial rules

[Plays By Sense Of Smell]

The Idiot Club !

First rule of idiot club?
Nobody cares about idiot club…

 

[mancboy]

This is a bang on summation of my earlier point - if the PL want to try to control finances this much, then they’d better be prepared to massively beef up their legal and accountancy expertise (quality and volume) to HMRC levels - because that’s where it will always go.

been saying since day one and i will say it till im blue in the face, no independent body can set a market value, the market sets the value, that is the basic tenet of a market economy, its baffling to me how they just dont seem to understand this.

 

[give it to gordon]

The spate of swaps is to get the figures sorted before the deadline of 30 June.
It's about meeting PSR without having to sell the big names.

Guess these clubs are the ones that voted against PSR

 

[Churchlawtonblue]

Masters and the PL on another mission.

The Premier League will monitor every transfer this summer to ensure clubs are not circumventing rules after a spate of unusual transactions.

Several ‘swap deals’ have occurred between top-flight clubs in the last weeks, including academy products being traded in separate transactions which are designed to aid both parties’ balance sheets.

As an example, midfielder Tim Iroegbunam signed for Everton from Aston Villa on Saturday for around £9million, while winger Lewis Dobbin has completed a move the other way in a separate deal believed to be worth £10m.

It's pretty clear to me that this is just another example of the amateurish way the PL and to an extent the FA are run. Both in my opinion started out being run effectively as old boys clubs and now the PL has grown into a multi billion pound business it hasnt really improved or recruited the right people to manage the business.

Corporate governance especially within the PL is clearly laughable with reactionary knee jerk rules being regularly applied without any clear analysis of implications and often seemingly due to pressure from member clubs.

 

[Blu3m00n91]

The irony that teams will end up thanking City for taking on the premier league and winning. They are not fit for purpose.

 

[BringBackSwales]

Meanwhile in Spain they can do what the fuck they want, no control from UEFA, none from la liga

 

[Prestwich_Blue]

Meanwhile in Spain they can do what the fuck they want, no control from UEFA, none from la liga

La Liga do control spending, as Barcelona's recent woes prove. But they look at spending based on forward revenues and cash flows, rather than historical, and therefore largely meaningless, profits or losses.

They tell clubs what they're allowed to spend each season, based on revenue/cashflow, rather than UEFA & PL rules, which allow clubs to spend what they want, then retrospectively punish them if they overspend. Of course, that favours Real Madrid to a large degree, then Atletico & Barca, but it's far more pragmatic.

 

[55yr old teenager]

They are on a fire fighting mission because of their ill thought out rules.
If they weren't all obsessed with stopping City, there wouldn't have been a fire in the first place.

Well said my man.

 

[Oldham Exile]

Corporate governance especially within the PL is clearly laughable with reactionary knee jerk rules being regularly applied without any clear analysis of implications and often seemingly due to pressure from (certain) member clubs.

edited for greater accuracy

 

[Manc Born & Bred]

Wonder why the PL didn't look at transfers such as Rhian Brewster to Sheffield United for a reported fee of £23.5m in 2020. Scored 5 goals in 77 appearances. He hadn't even played in the dippers first team in the PL yet was sold for a ridiculously inflated fee.

 

[BringBackSwales]

La Liga do control spending, as Barcelona's recent woes prove. But they look at spending based on forward revenues and cash flows, rather than historical, and therefore largely meaningless, profits or losses.

They tell clubs what they're allowed to spend each season, based on revenue/cashflow, rather than UEFA & PL rules, which allow clubs to spend what they want, then retrospectively punish them if they overspend. Of course, that favours Real Madrid to a large degree, then Atletico & Barca, but it's far more pragmatic.

Controls it only to an extent. Didn’t they allow Barcelona to forward sell most of their gate receipts for the next few years to aid their current financials?

 

[Norman kneejerk]

been saying since day one and i will say it till im blue in the face, no independent body can set a market value, the market sets the value, that is the basic tenet of a market economy, its baffling to me how they just dont seem to understand this.

I agree . They are looking at it upside down. It's the value of the sponsorship to the sponsor and each one will have their own circumstances no one can judge that better than the Company. The PL are more interested in how much tbe club will benefit.
Would make them laughing stock of ther other leagues and kill any remaining credibity.

 

[mancboy]

I agree . They are looking at it upside down. It's the value of the sponsorship to the sponsor and each one will have their own circumstances no one can judge that better than the Company. The PL are more interested in how much tbe club will benefit.
Would make them laughing stock of ther other leagues and kill any remaining credibity.

Its basic economic knowledge that something is worth what someone is prepared to pay for it, its just that simple, is a piece of canvas with some paint on it worh 100s of millions in relative terms no but if someone is prepared to pay it then it absolutely is.

 

[KS55]

Masters and the PL on another mission.

The Premier League will monitor every transfer this summer to ensure clubs are not circumventing rules after a spate of unusual transactions.

Several ‘swap deals’ have occurred between top-flight clubs in the last weeks, including academy products being traded in separate transactions which are designed to aid both parties’ balance sheets.

As an example, midfielder Tim Iroegbunam signed for Everton from Aston Villa on Saturday for around £9million, while winger Lewis Dobbin has completed a move the other way in a separate deal believed to be worth £10m.

The clubs have done nothing wrong. Just another attempt by the PL to make up for stupid rules. Can’t they see that?

 

[KS55]

Perhaps like City they are uncertain what a PL selected Panel will act in an unbiased way?

What possible reason would any sector of industry insist that only their approved list of Panel members could be used.

CAS

 

[AirbagsOptionalTheReturn]

I will ask again, someone posted the section from the CAS findings re the time barred and the fact that it did not matter as the "charges" that were time barred were not valid, can someone post it again? I want to use it to shoot a know all Utd fan down (he never ever thinks he is wrong). Thanks all

 

[KS55]

Controls it only to an extent. Didn’t they allow Barcelona to forward sell most of their gate receipts for the next few years to aid their current financials?

Barca’s big thing was sale of future tv revenue.

 

[halfcenturyup]

I will ask again, someone posted the section from the CAS findings re the time barred and the fact that it did not matter as the "charges" that were time barred were not valid, can someone post it again? I want to use it to shoot a know all Utd fan down (he never ever thinks he is wrong). Thanks all

Don't remember seeing that in the CAS findings, tbh. Iirc, once it was time limited, they didn't waste any more time on it. Was it from the club's submission maybe?

 

[AirbagsOptionalTheReturn]

Don't remember seeing that in the CAS findings, tbh. Iirc, once it was time limited, they didn't waste any more time on it. Was it from the club's submission maybe?

I just remember about a week ago someone posted something and highlighted the part that was pertinent, I should have saved it then.

 

[mancboy]

Barca’s big thing was sale of future tv revenue.

The interesting thing there is the whole fair market value thing which is why deciding sponsorships based on fair market value does not work, if barca have sold those tv rights based on their current position then they are worth a certain amount if barca fall off a cliff then those rights have been overvalued if barca get a cracking team together then they have been undervalued and this is where the system doesnt work as fair market value doesnt and cant take into account future events.