PL charge City for alleged breaches of financial rules

halfcenturyup said:
He was quoted in the Mirror article. Where they got it is anyone's guess. Could have been Maguire, I suppose.
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Got it now from the Mirror and it is Maguire quoting de Marco:

"I think, based on historical evidence, that City have got the upper hand over the Premier League. Nick DeMarco thinks it will be a score draw where the Premier League will win some of the 115 charges but City will have a far stronger case in others."

So, de Marco sitting on the fence :)
 
Pablo ZZZ Peroni said:
Got it now from the Mirror and it is Maguire quoting de Marco:

"I think, based on historical evidence, that City have got the upper hand over the Premier League. Nick DeMarco thinks it will be a score draw where the Premier League will win some of the 115 charges but City will have a far stronger case in others."

So, de Marco sitting on the fence :)
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There is no way we are innocent of everything is there? I just hope the main issues we are charged with are not guilty
 
Damanino said:
they wont fail. they will just claim some residue covid allowance in exact amount that helps them avoid PSR breach. or also can go down the way like Chelsea selling woman team etc.

what I hope tho is their existing players start to engineer moves in hope of CL football hhaha.
is there any fucking ambition in the likes of Garnacho, Yoro, Amad to step foot in a CL game? clearly the likes of MAguire, Shaw, Fernandes happy to pick up their big salary which is 3-4x more than what their direct PL rivals like at Palace, Brentford, Everton earning lol.
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Exceptional allowance for being terminally shite.
 
Prestwich_Blue said:
We could very well be innocent of everything.
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I will always stick to I don't think that people like HRH and Khaldoon would risk there reputation by fudging an extra 50 or 60m through our books from friends of theirs. Sorry the MCFC is just not worth it to them imo these people have to sign deals for trillions to keep their country going when the oil runs out. If they are found to be complicit in fraud will people want to really deal with them??
 
Just floating out the idea that the pl have lost so as a final fuck you they’ve asked us to delay announcement as long as possible in the guise of preparing for fallout but really they’re trying to disrupt one last summer as much as possible
 
uwe rosler 28 said:
I will always stick to I don't think that people like HRH and Khaldoon would risk there reputation by fudging an extra 50 or 60m through our books from friends of theirs. Sorry the MCFC is just not worth it to them imo these people have to sign deals for trillions to keep their country going when the oil runs out. If they are found to be complicit in fraud will people want to really deal with them??
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Plenty of clubs deal with US entities...
 
Rodri’s ACL said:
Not exactly sure if this is the place to say this, but surely the rags could very easily fail PSR. They have £400m in debt payable by next year and £300m to pay on their current squad supposedly. But they’re also buying ~£200m worth of players when they can’t pay dinner ladies and are without any European football. Sounds like a recipe for disaster to me. Could be very easy to fail PSR or do a Rangers on it so.
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On top of all these cuts they are making to staff and the potential refinancing of debt of what they currently owe. How does this stadium get built, the £300 million of public funding they talk about doesn’t touch the sides the the £2.5 billion to get it built. How do they pay for it without more loans to cover it? It’s suspiciously got the look of a dodge on psr, they knew they weren’t getting top four when they announced the stadium build and the very real possibility they wouldn’t win the Europa league. Not a peep has been said about the stadium since.
 
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richards30 said:
I hope so Colin but even if we have felt in maybe the image rights situation we were correct it will be a grey area and we will lose that? I just dont see full not guilty on everything mate.
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I agree that it's a potentially grey area, and I certainly initially thought it was one where we were vulnerable, but when I thought about it more deeply three things reassured me,

1. UEFA were aware of this well before 2018, discussed it with us and took no further action. Given the dodgy 'evidence' they did present at CAS, Fordham would have been a slam dunk for them if there was any fraudulent intent.

2. Fordham wasn't some dodgy offshore brass-plate entity that no one but those involved were aware of. It was there in plain sight, included in our Companies House information, having changed the company name from one directly referencing City and image rights. I'm sure far lesser detectives than Sherlock Holmes could've made the connection.

3. The final thing is that Fordham wasn't an attempt to hide expenses, but to increase revenue in 2012/13, when we thought we might be able to squeeze enough revenue to present a case for mitigation under the Annex XI transitional relief provisions for wages. As you mentioned above, we know UEFA then moved the goalposts slightly, meaning we couldn't take advantage of that mitigation.
 
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richards30 said:
That we have probably been told verbally something was fine but then it wasnt? That happened when the goalposts were moved i believe when we got fined by Uefa didnt it colin? @Prestwich_Blue
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UEFA changed their own rules so that we couldnt possibly meet their ffp rules in such a short time frame, this is different.
 
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