PL charge City for alleged breaches of financial rules

TedofChume said:
I think ( if my calculations are correct ), it was pretty clear the panel should clear City early on during the hearing and this was probably obvious within a few days.

FYI: You're allowed to lose up to £105m over a rolling 3 year period. Normally, you would just add up 3 consecutive years of P&L to get this figure. However you can adjust the P&L by removing depreciation, charitable donations, youth development and women's football development expenditure. Your P&L then becomes your Adjusted Earnings which are added up and compared to the £105m figure.


At some point the Premier League would have shown their sums to the panel re Allegation 4 and I suspect they were based on City's P&L and they hadn't calculated the Adjusted Earnings at all.

How many nobheads at the EPL would know City spent £120m expanding the stadium during the period in question and had sufficient depreciation listed in their accounts to adjust their earnings? Once the AE is calculated the whole case is futile.

I'm sure Lord Pannick and Co will have calculated the AE properly and pointed this out. If my calculations are correct, the case collapses at this point.

I'm pretty certain this is the biggest hole in the whole PSR case ie even if City have done all the nasty things they're accused of, they still don't break PSR.

We know from Michael Samuel's article that the Premier League were not ready to charge City, and this case was rushed through at the behest of Daniel Levy. They obviously made mistakes with the original statement. So they probably didn't check what they were accusing City of properly.

I suspect (because City were profitable at the time), that their Adjusted Earnings weren't calculated at the time and that only the normal P&L was looked at instead. If City were profitable, and they're nowhere near losing money, the AE figure didn't matter, why calculate it?

I therefore think that the EPL based their case on City's P&L from 2013-2018 rather than their Adjusted Earnings. This assumption is the problem. City would fail PSR if the calculations were just their P&L added up.

All the figures I used are based on the Premier League rules in force at the time, the statement the Premier League released and public information at Companies House showing City's accounts.

My conclusion is this entire case is bollocks and would have been immediately obvious, yet these lawyers need to justify their invoices, so careful consideration continued etc. All the latest smoke and mirrors is about this and getting the PR right.
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Don't know about the accountancy, but that it was done and dusted a good while ago is what I think too.
 
CoventryBlue said:
True on results of case. But the "confidence" or nudge nudge wink winks, you don't think they're from the club?. Markmmmac said it was someone in the club, fbloke said CFG, Ahsan said "horse's mouth"

Of course people within the club are talking to people
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Mark said someone said he reckons a fine which means nothing. Ahsan got direct info that there's no issue. Fbloke invented it because there was a rumour going round based off Tolms post so he took a shot and failed
 
CoventryBlue said:
@Ric

Loose lips sink ships and all that

You're right if it is just hearsay and Chinese whispers but if that is what ITK stuff is built on then more fool the people who think it has credibility then. I tend to think it's more than hearsay though and given the credibility some ITKs have, so do a lot of people
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I absolutely guarantee you that if people on the football side on the club knew then it would be spread on every front page in the world. Football coaches, trainers, physios, analysts etc are the gossipiest bitchs on the planet.
 
halfcenturyup said:
This thread these days. I swear people are losing their minds over this.

It's easy to see how things like Brexit and Trump happen when so many people lose their capacity for logical thought under stress.

It's actually fascinating to see in a rather sad sort of way.
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That’s the problem with identity politics…… You get all these loonies calling it a muffin when we know it’s a barm!
 
Grassland Blue said:
To quote the lines from a song -
"I never knew just what it was
and I guess I never will.....'


School dinners weren't all that bad tbf, so long as you got in early!
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A lot depended upon where they got the meat from
 
The club, it's employees, it's ex players and staff will all be told a positive outcome is expected. Those people miscommunicate that confidence as fact via general chats with people and then the rumour mill goes into overdrive.

We can't rely on it own people to be accurate as there's too many people spreading information even if the intentions are good.
 
Alan Harper's Tash said:
It’s just how lawyers talk. They don’t take sides when discussing cases, just look at the presented facts and draw their conclusions from them.
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I'm intelligent enough to realise that and that being said, the language and tone used when talking about City is disproportionate to that when compared to the EPL - it very much reads as all the risk is with City and dare I say it "guilty until proven innocent" undertones.. I am yet to hear any such view/tone on EPL.

Perhaps the 60/40 view of the case is somewhat influenced by his media interests.
 
pudge said:
I know you've touched upon it before but in your opinion is it more likely that when it's announced it just drops, bang, "club statement" or during those few days potentially of the lawyers getting a draft of it could someone be briefed given there's very little if any room for both sides to "win" and spin it?
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I doubt the 2 sides will have to time to brief in advance of release. Guess
 
Manchester1894 said:
The club, it's employees, it's ex players and staff will all be told a positive outcome is expected. Those people miscommunicate that confidence as fact via general chats with people and then the rumour mill goes into overdrive.

We can't rely on it own people to be accurate as there's too many people spreading information even if the intentions are good.
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Information like that?
 
This thread is all over the place !

What puzzles me is all this blue on blue shit. We are all blues we all have different views. We all want us cleared and the result known ASAP.

What all these charges are about is to create bad feelings towards City, to undermine our success and to split the fan base.

To be arguing amongst ourselves plays straight into their hands.

We will know when we know

Have a good day blues
 
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