CAS judgement: UEFA ban overturned, City exonerated (report out p603)

frothy said:
I put Aljezeera news on this morning to get a different view on the news, there was a documentary on about Muddy Waters that look into dodgy share dealings, i don't understand any of this kind of stuff but Shiekh Mansour kept getting a mention and also showed him talking at a conference, does anybody Prestwich Blue ect no anything about it?
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https://m.economic times.com/nri/nris-in-news/br-shetty-the-staggering-rise-and-incredible-fall-of-a-billionaire/articleshow/75381757.cms


The above seems to explain, Sheikh Mansour as the patron of Centurion investments was the main investor in a company that has become involved in alleged accountancy malpractice, so he was mentioned only as an investor in the company and not any involvement in any malpractice.
 
frothy said:
I put Aljezeera news on this morning to get a different view on the news, there was a documentary on about Muddy Waters that look into dodgy share dealings, i don't understand any of this kind of stuff but Shiekh Mansour kept getting a mention and also showed him talking at a conference, does anybody Prestwich Blue ect no anything about it?
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Lets hope that Muddy Waters are shorting United shares.
 
frothy said:
He's an American short seller aparantly
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Ah. Got it now. Thought you were talking about the legendary Blues artist.

This is to do with a company called NMC Health, which was set up by an Indian businessman in Abu Dhabi. It seems there has been some dodgy accounting and the shares dropped heavily. There's a short-selling company called Muddy Waters. They sell shares they haven't got, in the hope they're going to drop in price so they can buy them back for less than they sold for and make a profit.

They also seem to specialise in uncovering accounting issues at companies, where revenue or assets are overstated, or liabilities understated. They sold NMC short and its since been discovered that they'd significantly under-reported their debts, by about $2bn. Sheikh Mansour appears to have been a shareholder at one point but doesn't seem to be a major shareholder now. It also seems that Mubadala is considering taking a big stake in the company. Presumably they feel there's something worth investing in once all the shit has been cleared.
 
Prestwich_Blue said:
Ah. Got it now. Thought you were talking about the legendary Blues artist.

This is to do with a company called NMC Health, which was set up by an Indian businessman in Abu Dhabi. It seems there has been some dodgy accounting and the shares dropped heavily. There's a short-selling company called Muddy Waters. They sell shares they haven't got, in the hope they're going to drop in price so they can buy them back for less than they sold for and make a profit.

They also seem to specialise in uncovering accounting issues at companies, where revenue or assets are overstated, or liabilities understated. They sold NMC short and its since been discovered that they'd significantly under-reported their debts, by about $2bn. Sheikh Mansour appears to have been a shareholder at one point but doesn't seem to be a major shareholder now. It also seems that Mubadala is considering taking a big stake in the company. Presumably they feel there's something worth investing in once all the shit has been cleared.
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Thank you for the explanation
 
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