PL charge City for alleged breaches of financial rules

Prestwich_Blue said:
CFS & CFM took staff (and their wages) out of MCFC accounts. There were accusations that we were 'fiddling the books' but these were completely unfounded as these entities charged the CFG clubs for their services, with the intention that they became self-sufficient.

They haven't achieved that so far but they still cross-charge, with City sustaining the bulk of that. So wages reduced but operating costs increased. I think there was a net gain to MCFC of a couple of million but that represented services provided to the other CFG clubs, rather than City bearing the full cost.

In any case UEFA amended FFP rules to include these entities in our reporting perimeter, although ensuring any double counting of revenueor expenses was excluded. Also, a few years ago City largely brought one of the entities back in-house.
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PB What do you think of MUFC submitting Red Football accounts as the basis of their PSR reporting. If PSR forms the basis of all PL clubs allowable spending, it seems that there should be uniform treatment of financial reporting It seems like a ruse to me if Utd's PSR calculation is based on a set of accounts that exclude legal costs and much of their debt finance costs. Shouldn't rival clubs complain as it enables an advantage to Man Utd in the transfer market?
 
Chris in London said:
Yes, though whether that forms part of the charges being discussed - amongst other issues - in this thread remains to be seen.

What can be said is that there is a reasonable business case for centralising certain operating costs (eg scouting or broader administrative costs) when you are part of a multi-club entity. There is a reasonable basis for saying in other words that those costs benefit the entire group and should therefore be borne by the entire group.

I'm not sure how United manage to justify almost £100m of debt being shouldered by the parent club rather than the UK subsidiary when the number of clubs in the United Football Group is currently 1.
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Wasn't that part of the issue the very first time round? I thought I'd read that we'd moved some of the costs of setting up the women's team and NYCFC into the newly created CFG. Originally UEFA were fine with that but either just before or just after we submitted our accounts they decided we couldn't put them through separately as the teams didn't officially exist at that point so the costs had to be removed from the central costs and went on to the City accounts.
 
Prestwich_Blue said:
But Harris and Magic twat were both offline all day when Harris was at Wembley, watching Southampton. Then they both went back online within minutes of each other that night.
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Either has a soft spot for arsenal or pretending to be a arsenal fan to keep people off the scent
 
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