PL charge City for alleged breaches of financial rules

waspish said:
Seems that it's allowed to sell a hotel to yourself and your own woman's team to yourself! Maybe they'll sell those 15/20 players who are training with the u21 back to themselves for 300m!? Also if you can sell your own woman's team back to yourself what's stopping them selling there u21 team back to themselves
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im sure all this is going in the bank for the defence team when it is argued what is and isnt above board and why certain things were allowed and why they arent, the bottom line of all this is that they were trying to stop investment into the team.
 
halfcenturyup said:
I see Jordan is turning into prime Martin Samuel. How embarrassing for him after the bollocks he has spouted for so many years.

Tbf, he said he was wrong and was naive and he now feels PSR (as it is) isn't achieving any good for the game. He also says the PL needs leadership to decide what it wants financial regulation to achieve and how.

On YouTube as part of @slbsn 's talks this morning. He must have been reading Bluemoon :)
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Despite one or two on this forum saying he was actually quite smart, he's always come across as limited in his understanding of many things to me and this backtracking just substantiated that. Throwing in a few big words ala Joey Barton does not make a person intelligent.
 
Churchlawtonblue said:
Despite one or two on this forum saying he was actually quite smart, he's always come across as limited in his understanding of many things to me and this backtracking just substantiated that. Throwing in a few big words ala Joey Barton does not make a person intelligent.
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Yep - but it's a shortcut to fooling many.

Stop being so obstropolous.
 
Churchlawtonblue said:
Despite one or two on this forum saying he was actually quite smart, he's always come across as limited in his understanding of many things to me and this backtracking just substantiated that. Throwing in a few big words ala Joey Barton does not make a person intelligent.
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His opinions of the Chelsea situation have utterly destroyed his reputation on any opinions he has in terms of financial governance in football.

He was defending the Chelsea spending yesterday which for someone whom has vilified our owner I find simply incredible.

In Simons own words, a dollar for donuts, the man is a wanker.
 
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halfcenturyup said:
That's very interesting. I had a quick look and the average number of personnel employed by the club during the year went down from 476 in 2012 to 314 in 2014 (less 125 football staff and less 37 commercial and admin staff) which is what you would expect having sold the scouting and other IP (including the relevant staff) to CFG in 2013. The average in 2013, btw, was 449 in 2013 but that makes sense as it's an average and the transaction happened near the end of the year. Wages decreased by 38 million between 2012 and 2013, again as you would expect.

As you say, wages went up considerably between 2016 and 2017 and so did staff numbers, up from 320 in 2016 to 449 in 2018 (again using a two year comparison to eliminate the averaging effect in 2017). This brought the staff numbers back into line with the pre-IP sale numbers of 2012.

Do you think it's possible the two revenue-generating IP deals (coaching IP to CFG and image rights to Fordham) were both cancelled in 2017, leading to the increase in staff numbers and wages? Why in 2017? Not sure, but could it be to do with the end of the monitoring period as part of the 2014 settlement?
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You're right and I already knew that. Doh. The employees (or most of them) at one of the spun-off companies came back onto City's books. In my defence, it was late when I posted that.
 
Churchlawtonblue said:
Despite one or two on this forum saying he was actually quite smart, he's always come across as limited in his understanding of many things to me and this backtracking just substantiated that. Throwing in a few big words ala Joey Barton does not make a person intelligent.
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He seems to have become a lot smarter about a lot of things since @slbsn has been going on Talksport, despite his pathetic growling. Maybe there is some hope for him after all.
 
halfcenturyup said:
You bastard. Can't get that image out of my head.

Or disassociate it from that look on Jordan's face when he was calling Keown a wally, disturbingly.
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Just Imagine a threesome of Simon, Ron and Martin, taking it in turns with Jim White on commentary!!
 
Prestwich_Blue said:
You're right and I already knew that. Doh. The employees (or most of them) at one of the spun-off companies came back onto City's books. In my defence, it was late when I posted that.
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Oh :). I didn't know that. But it probably makes sense that all those 2013 arrangements were unwound at the same time? Iirc, it ties into the year when Fordham's accounts become dormant, I think?
 
Prestwich_Blue said:
Update to the Fordham issue: There was something at the back of my mind about this so I went back to check something.

Our wage bill increased by over 30% for no apparent reason from 2016 to 2017. I couldn't understand or explain this at the time, as we'd won nothing in Pep's first season, so it couldn't be performance related, but I'd take a guess that this was the Fordham payments going onto the club wage bill. That doesn't necessarily mean they weren't declared to UEFA though.

The increase was aboit £65m from 2016's £197m, so around a third, which suggests all the Fordham payments from 2013 onwards were accumulated for that increase, as about £12-13m per annum seemed to be going through Fordham.

That means Fordham was not an issue after the 2016 financial year.
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The Fordham thing for me will be or should be time barred anyway. Surely the Premier League knew of it way before 2018 (UEFA certainly did) and it's not a fraud situation it's a proper business transaction method. So we'd only need to show they knew about it and then the statute of limitations apply.
 
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