PL charge City for alleged breaches of financial rules

[oakiecokie]

Here is a thing.

View attachment 140483


I could have sworn when I looked last Friday it had an update copy dated December 6?

Has it been removed? Or am I getting senile?

Welcome to the FOC Brigade. ;)

 

[M12Blue]

RELEGATE US-I DO NOT FUCKING CARE.

Supporting City is what I do. Fuck Magic hat and every other hating outlet

Banner that SHB

 

[halfcenturyup]

Here is a thing.

View attachment 140483


I could have sworn when I looked last Friday it had an update copy dated December 6?

Has it been removed? Or am I getting senile?

Very interesting. I just downloaded the handbook from the PL website and it's the July handbook without any of the changes approved by the clubs in November. Last week you could download the new amended version.

Does this mean it's been withdrawn? Because if it has, all hell is about to break loose ......

Can somebody else try to see which version they get?

 

[M12Blue]

Expecting a points deduction that's manageable, between 10-20 points, a fine thays manageable and maybe a transfer ban or limit

Doubt we get relegated and doubt we get our titles stripped

Hopefully this sets a rocket up the board so they decide to make us the best team in the world again, no more pandering to neutrals about our net spend and sustainability... let's get aggressive

Really, I’m expecting full exoneration and Masters arse on a plate.

 

[Gorton_Tubster]

It's in the "Risks and Uncertainties" section

View attachment 140484

So Stefan was incorrect?

 

[M12Blue]

It's standard accounting practice to evaluate contingent liabilities. Years and years of precedent. There is nothing unusual about this case in accounting terms.

Surely if it’s been on the accounts the last 2 years it would be on the accounts this year unless we knew positive outcome for city

 

[chris85mcfc]

It's in the "Risks and Uncertainties" section

View attachment 140484

That's not a Financial Statement disclosure, it's just a nod to the fact that there are risks and uncertainties within the business/industry. I think Stefan is alluding to it not being disclosed within the Statutory Accounts which the auditors will have signed off.

You'll see similar items in any annual report.

 

[halfcenturyup]

So Stefan was incorrect?

The accounting treatment and disclosure is important.

 

[halfcenturyup]

Surely if it’s been on the accounts the last 2 years it would be on the accounts this year unless we knew positive outcome for city

Once again, there are rules about how contingent liabilities are accounted for / disclosed in the accounts. The fact nothing was accounted for / disclosed in the accounts themselves means (to me) that the management, directors and auditors all think it unlikely there will be any significant sanction. That's all. And that's good enough for me.

 

[Bluewonder]

It's not just the implications of any fines - if we are found to have committed serious breaches then we would be liable for tens of millions in compensation to our competitors.

Magic Hat can speculate all he likes, but there's simply no way that auditors "forget" to include the 115 in the report.

It's in the "Risks and Uncertainties" section

View attachment 140484

This is very different.

Its removal from the Going Concern section in particular is significant.

 

[freshie]

Bloody hell here's Alice with the full story of the charges - might as well delete the previous 7000-odd pages of this thread then

 

[halfcenturyup]

Bloody hell here's Alice with the full story of the charges - might as well delete the previous 7000-odd pages of this thread then

She is about 18 months behind, bless her little cotton socks (I hope she wears little cotton socks, anyway ...)

Engagement must be a bit low.

 

[Centurions]

Bloody hell here's Alice with the full story of the charges - might as well delete the previous 7000-odd pages of this thread then

I'm so thankful that I'm not on twatter anymore.

 

[Cobwebcat]

A small points deduction gives oxygen to those arguing our achievements are tarnished. It’s not something we’d be thrilled about.
A fine however for non co-operation is not something they can hit us with a stick over. At least not in the sense that our accounts were found to be fraudulent.
I’m assuming non co-operation can only be punished with a fine and not a points deduction. Correct me if wrong.

I think where you’ve gone wrong there is caring what rival fans/media think. We could be found innocent on every level and it would make zero difference. I don’t know what some blues fans expect. When have City fans ever said we were wrong about Ferguson’s influence over referees as there was never any proof.

It’s just tribalism.

 

[mixer]

Really, I’m expecting full exoneration and Masters arse on a plate.

Fingers and toes crossed

 

[paulchapo]

Bloody hell here's Alice with the full story of the charges - might as well delete the previous 7000-odd pages of this thread then

Bloody hell she's gone from an over emotional plastic rag crying in her bedroom about them losing, to a financial expert. She'll be Sky's chief reporter next.

 

[dublinblue12]

Bloody hell here's Alice with the full story of the charges - might as well delete the previous 7000-odd pages of this thread then

Who the fuck is Alice?

 

[M12Blue]

Bloody hell she's gone from an over emotional plastic rag crying in her bedroom about them losing, to a financial expert. She'll be Sky's chief reporter next.

Only if she has some Scouse player hanging out of her

 

[St Helens Blue (Exiled)]

I'm so thankful that I'm not on twatter anymore.

I am, just replied to her :-)

 

[Gorton_Tubster]

Something tells me Alice's subscriptions will go up after this video. Attention whore.