PL charge City for alleged breaches of financial rules

Gorton_Tubster said:
Sounds like City are not concerned tbh, not any longer anyway. Hmmmm
Click to expand...
It's interesting for sure because reference has been made in our accounts in previous years. Although I've always placed my faith in the club and their declaration that they've done nothing wrong, I'm still a little nervous and trying to not get my hopes up too much. That said, any nervousness I've had about the case in recent weeks has been overshadowed by our awful form on the pitch!
 
Rammy Blue said:
I completely agree, people underestimate what’s involved with a transfer, moving house, kids moving schools, potential that you are pissing off another club who is interested etc etc.

There is no doubt whatsoever, regardless of what City say, that the 115/130 hasn’t hampered our transfer activity in the last 12 months, especially as players are now aware the end is nigh. You’d just happily wait until it’s over.
Click to expand...
I can understand it not hampering past activity, but this is now coming to a head, so more pertinent to player/agent discussions.

Having said that, legal wranglings could push it off for another couple of years.
 
M18CTID said:
It's interesting for sure because reference has been made in our accounts in previous years. Although I've always placed my faith in the club and their declaration that they've done nothing wrong, I'm still a little nervous and trying to not get my hopes up too much. That said, any nervousness I've had about the case in recent weeks has been overshadowed by our awful form on the pitch!
Click to expand...
Also, from memory the rags mentioned the HMRC investigation in successive annual reports.
 
Silva2021 said:
I disagree there are signs out there, but we are not privy to enough of the information to understand them.

The hotel and increased capacity is a good one, as on face of it I believe it’s quite simple. We built it because we are confident this is not all going fade away after being relegated. Others can interpret differently but it’s a big investment just to be doing it for show.

Spending in Jan, we have been very cautious since £10 million net spend in last 3 years. This is surely to leave wiggle room in the accounts. Part of which I believe is paying the players CL wages for not finishing in top 4 due to a points deduction. Not saying that’s what will happen or we think we’re guilty but we need contingency and we wouldn’t want to face a fire sale or be out of the frying into the fire with more charges.

A big spend in Jan would show confidence both in us potentially not needing as much wiggle room as we consider worse case is less (possible after hearing PL closing statements and what they are asking for or based on legal opinion and how the trail went) or that aspects such as limitations where accepted during the process.

It would also show a confidence if a player such as Bruno G joined that he expects City to be in better position then Newcastle next season. I don’t believe with investors and responsible Directors we just say we don’t care about PSR no more.

I think the charges play a part in a lot and the impact are there to be seen (including our recent lack of spend).

What it means as you say is open to interpretation.
Click to expand...

We’ve not been cautious we’ve made sporting & business decisions based on the same metrics we have done for years. Since 2008 we’ve continually invested in the infrastructure of the club to grow & make the club sustainable & currently close to a $300m extension.

For the last 10 years we’ve been attacked for 1 reason only, we are an incredible outfit. Our owners have told us we have nothing to worry about. We were banned for 2 years from the Champions league & CAS found no evidence of wrong doing & UEFA had broken their own rules to ban us. Yet after all that the premier league who have been found to treat us unlawfully, unfairly & unreasonably have conjured up 130 charges which Khaldoon has told us is bollocks & judging on the last 2 times we’ve been in front of panels it’s under control.

We’ve been hit by a perfect storm of injuries nothing else.

Pep likes a small squad & let’s anyone (except Bernardo) go as soon as they bring a valuation to the club whether they are seasoned professionals or prospects. That system has worked perfectly, our style of football, happy camp has allowed us to win trophy’s at a rate never seen n England. We’ve had injuries in crucial areas but this season it took our spine.

So everything we have done in the past that has worked for us is being blamed or questioned at this moment.

We even gave the English Spanish players a month off to rest up & we were top of the league. An inform Kovacic allowed Rodri to rest. Lewis showed he was ready to take Walkers spot & Oscar Bobb was looking world class. KDB would play less like year before but Foden current player of the year can take over.

There was no reason to worry but now with hindsight fans are saying we must be worried about relegation as we needed 3 world class 6’s, should have signed 2 centre half’s & fucked off Stones & Ake, said no to Alvarez the player that fans started slagging off last year.

Stay cool like Khaldoon.
 
mancity dan said:
Click to expand...


That's more interesting than anything else.

The club is required to disclose, and the auditors are required to check, if there are any contingent liabilities unless the possibility of them crystallising is remote. If they are possible they should be noted. If they are probable, they should be provided for.

The fact the club doesn't mention the allegations at all, and the auditors are presumably happy with that, means they all think they are bullshit.
 
halfcenturyup said:
That's more interesting than anything else.

The club is required to disclose, and the auditors are required to check, if there are any contingent liabilities unless the possibility of them crystallising is remote. If they are possible they should be noted. If they are probable, they should be provided for.

The fact the club doesn't mention the allegations at all, and the auditors are presumably happy with that, means they all think they are bullshit.
Click to expand...
That’s what I would have thought and I think they’re bullshit but I am amazed they are considered so bullshit before the conclusion I wouldn’t have thought anything has changed but they where in previous account unless something is going on behind the scenes.
 
halfcenturyup said:
That's more interesting than anything else.

The club is required to disclose, and the auditors are required to check, if there are any contingent liabilities unless the possibility of them crystallising is remote. If they are possible they should be noted. If they are probable, they should be provided for.

The fact the club doesn't mention the allegations at all, and the auditors are presumably happy with that, means they all think they are bullshit.
Click to expand...
Just need it in writing so clubs full focus can be on fixing the on field problems in January
 
halfcenturyup said:
That's more interesting than anything else.

The club is required to disclose, and the auditors are required to check, if there are any contingent liabilities unless the possibility of them crystallising is remote. If they are possible they should be noted. If they are probable, they should be provided for.

The fact the club doesn't mention the allegations at all, and the auditors are presumably happy with that, means they all think they are bullshit.
Click to expand...

Isn't that just because nobody can put any sort of figure on potential liabilities at this stage? IE there's no way of knowing what sort of fine or liability we'd hold should the allegations be upheld. If it was a straight case of " if you've breached rule X, Y or Z then that's a £100m fine" they'd be there?

Asking because you and others know more about this stuff than me.
 
ayrshire_blue said:
Isn't that just because nobody can put any sort of figure on potential liabilities at this stage? IE there's no way of knowing what sort of fine or liability we'd hold should the allegations be upheld. If it was a straight case of " if you've breached rule X, Y or Z then that's a £100m fine" they'd be there?

Asking because you and others know more about this stuff than me.
Click to expand...
I’d guess not seeing as it’s been mentioned in previous accounts
 
ayrshire_blue said:
Isn't that just because nobody can put any sort of figure on potential liabilities at this stage? IE there's no way of knowing what sort of fine or liability we'd hold should the allegations be upheld. If it was a straight case of " if you've breached rule X, Y or Z then that's a £100m fine" they'd be there?

Asking because you and others know more about this stuff than me.
Click to expand...

There was no way of knowing in previous years but the case was always mentioned in the annual accounts.
 
halfcenturyup said:
That's more interesting than anything else.

The club is required to disclose, and the auditors are required to check, if there are any contingent liabilities unless the possibility of them crystallising is remote. If they are possible they should be noted. If they are probable, they should be provided for.

The fact the club doesn't mention the allegations at all, and the auditors are presumably happy with that, means they all think they are bullshit.
Click to expand...
I'm not sure it's about the club thinking they are 'bullshit'. The club thought they were bullshit at the time of last year's report but nevertheless referenced them. It's about the likelihood of the charges carrying any significant penalties. It makes you wonder what has changed between 22-23 and 23-24. For all of the column inches about 115, nobody outside of the proceedings knows anymore than they did it on 6th February 2023.
 
lancs blue said:
So, does the club know something about the verdict, having not made reference to possible financial impact of the 115/130 charges?
Click to expand...
No. But it means the directors, and the auditors, consider any financial impact, or any impact likely to affect the club's continuation, to be unlikely.

Iirc my accounting correctly.
 
cheekybids said:
We’ve not been cautious we’ve made sporting & business decisions based on the same metrics we have done for years. Since 2008 we’ve continually invested in the infrastructure of the club to grow & make the club sustainable & currently close to a $300m extension.

For the last 10 years we’ve been attacked for 1 reason only, we are an incredible outfit. Our owners have told us we have nothing to worry about. We were banned for 2 years from the Champions league & CAS found no evidence of wrong doing & UEFA had broken their own rules to ban us. Yet after all that the premier league who have been found to treat us unlawfully, unfairly & unreasonably have conjured up 130 charges which Khaldoon has told us is bollocks & judging on the last 2 times we’ve been in front of panels it’s under control.

We’ve been hit by a perfect storm of injuries nothing else.

Pep likes a small squad & let’s anyone (except Bernardo) go as soon as they bring a valuation to the club whether they are seasoned professionals or prospects. That system has worked perfectly, our style of football, happy camp has allowed us to win trophy’s at a rate never seen n England. We’ve had injuries in crucial areas but this season it took our spine.

So everything we have done in the past that has worked for us is being blamed or questioned at this moment.

We even gave the English Spanish players a month off to rest up & we were top of the league. An inform Kovacic allowed Rodri to rest. Lewis showed he was ready to take Walkers spot & Oscar Bobb was looking world class. KDB would play less like year before but Foden current player of the year can take over.

There was no reason to worry but now with hindsight fans are saying we must be worried about relegation as we needed 3 world class 6’s, should have signed 2 centre half’s & fucked off Stones & Ake, said no to Alvarez the player that fans started slagging off last year.

Stay cool like Khaldoon.
Click to expand...

What he said.
 
You must log in or register to reply here.
Unread Posts

Don't have an account? Register now and see fewer ads!

SIGN UP
Back
Top