PL charge City for alleged breaches of financial rules

marco said:
if at the end of all this we were dealt a fine for non cooperation would we then be liable for all costs or would we be liable for part costs?
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Part. Indeed, in that situation it is very likely City would get indemnity (the highest tier of cost awards) costs for much of the claim. Still would never exceed 85-90% of costs.
 
slbsn said:
They don't have insurance. But what policy would pay for a regulatory complaint against a member club. Would be an odd/very niche product.

The PL doesn't have its own money. It takes funds from the revenue in to pay its costs and then passes money to the clubs. The PL is not funded by a third party.

To be fair, I don't think they ever envisaged a scenario where they would be simultaneously running multiple claims vs a number of its clubs all with budgets at the very top of English commercial disputes
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If they haven't undertaken a risk profile assessment they are incompetent and not fit for office.

It's one of the first things professionals undertake in a business plan and one that is normally demanded by investors/partners.
 
Chris in London said:
Fair point, but in that respect it’s no different from any other company. Dividends are distributed out of profits. All companies have extra-ordinary expenses like legal fees from time to time which reduce the dividends that can be paid.

That is just the lot of a shareholder. An organisation like the PL is going to have these issues from time to time. Not sure one can say the PLs fees are being paid for out of “our” money because it’s the PLs money insofar as meeting operating costs is concerned.

But we digress…
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Pedantic.
 
Chris in London said:
Doesn’t the money from the TV deals go to the PL before being distributed to the clubs? I had surmised matters such as merit payments would be made net of any operating costs (eg staff costs) and that legal fees would be treated in similar fashion.

My bad if not!
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How funny would it be that the legal costs push a redshirt mob over the edge as the 'share' isn't what they expected?

We can only dream but, just imagine. :)
 
gordondaviesmoustache said:
Like I’ve said once or twice, the cunts don’t know what they’re doing.

Like this has never happened before; a large organisation being run shambolically!

Overseen by a bloke whose level in life is (at best) a regional manager for a midlands-based, family-owned soft-drinks firm. That’s Masters’ level. And he’s running the nation’s most valuable export product. It’s fucking comical.

Unbelievable people can’t see this. The PL is a fucking shambles.
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The only comparable I can think of is when the Co-Op Bank had some proper Herbert in charge a few years ago.
That, IIRC, ended really well!
 
gordondaviesmoustache said:
Like I’ve said once or twice, the cunts don’t know what they’re doing.

Like this has never happened before; a large organisation being run shambolically!

Overseen by a bloke whose level in life is (at best) a regional manager for a midlands-based, family-owned soft-drinks firm. That’s Masters’ level. And he’s running the nation’s most valuable export product. It’s fucking comical.

Unbelievable people can’t see this. The PL is a fucking shambles.
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Masters says: “Try our shambles soda. It’s grrrrrrrreat.
 
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