PL charge City for alleged breaches of financial rules

[manimanc]

It’s this week not sure what day but definitely this week. Mark it as genuine.

Bookmarked for extreme piss taking next Monday morning.

 

[No One Understands]

The idea that Stefan Borson, who is a multi millionaire, goes on TalkSport because he needs the money is pretty funny.

Is he really?

 

[Goater101]

More long term commitment. Just announce we’ve beat the charges and move on

 

[SilverFox2]

It says that, as a homegrown player, the money is pure profit from a purely PSR/FFP perspective. It says nothing, nor does it infer, unless one is so inclined, the sale is necessary from a PSR/FFP perspective.

Well phrased.
It is easy to forget our owner invested in City so will make profit wherever he can.
Others have to be guided towards normal practice with rules.

 

[Whether or not]

im sure there are conditions in the contract if it doesnt go our way

There are always break clauses in long term contracts, BUT there is not a chance that PUMA would be signing a ten year £1bn deal, with direct quotes from their CEO lauding City, if they thought there was even the slightest chance of us being guilty of accounting fraud etc. It is the hardest of soft signals.

 

[oldius]

There are always break clauses in long term contracts, BUT there is not a chance that PUMA would be signing a ten year £1bn deal, with direct quotes from their CEO lauding City, if they thought there was even the slightest chance of us being guilty of accounting fraud etc. It is the hardest of soft signals.

Like a semi-on, financially speaking.

 

[mattcity5]

It says that, as a homegrown player, the money is pure profit from a purely PSR/FFP perspective. It says nothing, nor does it infer, unless one is so inclined, the sale is necessary from a PSR/FFP perspective.

Though it suggests that is the reason for the sale, which I expect is totally wrong - it's just time for him to move on and get first team football somewhere.

 

[marco]

im sure there are conditions in the contract if it doesnt go our way

why get involved at all if there was any doubt, its a very good signal

 

[dadnlad]

and along comes @slbsn to pop bubble on twitter and announce BDO audit work criticised by UK regulator

 

[Scoobz3]

and along comes @slbsn to pop bubble on twitter and announce BDO audit work criticised by UK regulator

What regulator ?

 

[Scoobz3]

BDO’s audit work strongly criticised by UK regulator

FRC says mid-tier accounting firm must improve its scrutiny of companies’ financial statements

www.ft.com

 

[manimanc]

why get involved at all if there was any doubt, its a very good signal

The minute we get Gola making our kits then we can start to worry.

 

[billblu]

The minute we get Gola making our kits then we can start to worry.

Have you seen the price of there trainers these days think I'm gonna stick with my Dunlop green flash

 

[Marvin.]

https://www.frc.org.uk/news-and-eve...blishes-annual-audit-firm-inspection-results/

 

[manimanc]

Have you seen the price of there trainers these days think I'm gonna stick with my Dunlop green flash

Are Bukta still going?

 

[feedmpenzaandhewillscore]

Are Bukta still going?

Bukta you flash bastard I had to wear a pair of Nicks purchased from Newton Heath market.

 

[Centurions]

Though it suggests that is the reason for the sale, which I expect is totally wrong - it's just time for him to move on and get first team football somewhere.

It doesn't suggest anything at all, it merely states facts. If you go looking for & expecting conspiracies then you'll find them everywhere.

 

[manimanc]

Bukta you flash bastard I had to wear a pair of Nicks purchased from Newton Heath market.

Wow Nicks, that's a blast from the past.

 

[mattcity5]

It doesn't suggest anything at all, it merely states facts. If you go looking for & expecting conspiracies then you'll find them everywhere.

Cant help feel that I've said everyone gets too wound up by media articles and then maybe I'm being pulled up for it.... :D

I dont think this one is a big one either way tbh, but I'd say that when it says "with an eye on generating pure profit from a PSR and FFP perspective", it is suggesting that's the reason for the sale.

Loads of transfers last season between Villa, Everton and Chelsea in particular were aimed purely for this purpose, if McAtee moves it won't be the reason, just a 'normal' benefit.

Are we skint as this has just come up on the Beebs website from Football Insider

"Manchester City will sell England Under-21s midfielder James McAtee, 22, this summer with an eye on generating pure profit from a Profit and Sustainability Rules (PSR) and Financial Fair Play (FFP) perspective."

 

[CC1]

BDO’s audit work strongly criticised by UK regulator

FRC says mid-tier accounting firm must improve its scrutiny of companies’ financial statements

www.ft.com

Ah well. Let’s hope another soft signal - they couldn’t get us so they’re going for our auditors :-)