PL charge City for alleged breaches of financial rules




Read the warning at the start..very funny

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Apologies for double posting, I put this in the Transfer thread but think it may be of interest in here...

At the time of the last update to the PL regs I thought the reaction was purposely under played in the MSM. They really were commercailly draconian. The regs now state that no matter what each club negotiates for a partnership agreement, transfer fee, loan fee or sponsorship fund the PL will have the power to completely over ride that value and force you to re-adjust your recorded accounts accordingly. They also said that the rules will not be enforced in a blanket fashion but only where the PL "determines" them necessary, primarily meaning us. What baffles me is what are you supposed to do with any surplus money, eg if the PL "value" THB at £10M but Southampton paid us £20M wtf are we meant to do with the £10M surplus ? donate it to the Richard Masters pension fund maybe ?.
 
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Apologies for double posting, I put this in the Transfer thread but think it may be of interest in here...

At the time of the last update to the PL regs I thought the reaction was purposely under played in the MSM. They really were commercailly draconian. The regs now state that no matter what each club negotiates for a partnership agreement, transfer fee, loan fee or sponsorship fund the PL will have the power to completely over ride that value and force you to re-adjust your recorded accounts accordingly. They also said that the rules will not be enforced in a blanket fashion but only where the PL "determines" them necessary, primarily meaning us. What baffles me is what are you supposed to do with any surplus money, eg if the PL "value" THB at £10M but Southampton paid us £20M wtf are we meant to do with the £10M surplus ? donate it to the Richard Masters pension fund maybe ?.

Return it.

It's ridiculous and those rules will be thrown out when challenged, I imagine.
 
Apologies for double posting, I put this in the Transfer thread but think it may be of interest in here...

At the time of the last update to the PL regs I thought the reaction was purposely under played in the MSM. They really were commercailly draconian. The regs now state that no matter what each club negotiates for a partnership agreement, transfer fee, loan fee or sponsorship fund the PL will have the power to completely over ride that value and force you to re-adjust your recorded accounts accordingly. They also said that the rules will not be enforced in a blanket fashion but only where the PL "determines" them necessary, primarily meaning us. What baffles me is what are you supposed to do with any surplus money, eg if the PL "value" THB at £10M but Southampton paid us £20M wtf are we meant to do with the £10M surplus ? donate it to the Richard Masters pension fund maybe ?.

One for the contract lawyers.

They have considered the consideration and considered that consideration excessive consideration in effect then insisting the parties reconsider that consideration to what amount they consider that consideration to be.

Easy.
 



Read the warning at the start..very funny

Very true though. The whole concept of "sportswashing" was fabricated by human rights groups for PR purposes. There is no such thing as "sportswashing." The Saudis promote boxing events for the same reason as everyone else. They need to make money, not least because the oil revenues are running out. Sheikh Mansour has made huge profits on his investments in MCFC and the City of Manchester. He wants to make profit like everyone else.
It is a racist narrative from the racist UK media which promotes the idea that Arabic people only invest because they want to hide their alleged human rights abuses. It is sickening for the UK media to take the moral high ground when you consider the UK's history of poor human rights going back centuries.
 
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One for the contract lawyers.

They have considered the consideration and considered that consideration excessive consideration in effect then insisting the parties reconsider that consideration to what amount they consider that consideration to be.

Easy.
I consider your thoughts well considered. Considering.
 

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