City & FFP | 2020/21 Accounts released | Revenues of £569.8m, £2.4m profit (p 2395)

Mancity1980 said:
Partially, however it must be said that we we sought to keep within the rules and whilst accepting the punishment a clear club statement was put out refuting the findings. It is too simplistic to say we breached them.
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We did breach them but were under the impression, as per UEFA's own guidance snd following detailed and regular consultation with them, that we would not be punished for that breach. Then, as soon as it was too late to correct anything, they moved the goalposts.
 
Prestwich_Blue said:
We did breach them but were under the impression, as per UEFA's own guidance snd following detailed and regular consultation with them, that we would not be punished for that breach. Then, as soon as it was too late to correct anything, they moved the goalposts.
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And only once they knew by exactly how much they had to move the goalposts for us not to be able to successfully use the allowance for pre-salaries, iirc.
 
Prestwich_Blue said:
It's highly unlikely that it would have made any difference. For one thing, part of the time barred period covered the Etihad deal, which was specifically nodded through by CAS, and even UEFA accepted that it was broadly fair value back in 2014.

The other deals in the time-barred period were with Etisalat and another AD-based company (possibly Aabar) and these might not have passed the fair value test. However they weren't deemed related parties by us and that was never tested, so the concept of fair value never applied.

There was, if I remember correctly, an issue about how payment for the Etisalat deal had been made. It seems that ADUG 'lent' them the money and paid it to us but Etisalat later repaid it.

But every deal prior to the cut-off date that CAS interpreted as the correct one, also fell within the limitation period.

Now there's a small possibility that something happened prior to the cut-off date that CAS might have found fault with. But it's somewhat of a stretch to think that City thought "Hey. We'd better do all these dodgy deals now, in 2013, so they fall outside the 5-year statute of limitations in a few years time when we appeal to CAS in 2020 about the 2019 Der Spiegel articles."
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Cheers, that clears things up.
 
domalino said:
Sorry for being ignorant here, what’s the significance of The FIDO alliance?
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The FIDO Alliance is a global standards and regulatory commission created by PayPal, Lenovo, Google and others to work on passwordless authentication systems.

It is currently ran as a collaborative effort between Google, Amazon, Microsoft, Apple, Intel and some others. As per:

The FIDO Alliance Board of Directors includes leading global organizations: Alibaba Holdings (NYSE: BABA); ARM Holdings plc (LSE: ARM and NASDAQ: ARMH); Bank of America Corporation (NYSE:BAC); CrucialTec (KRX: 114120); Discover Financial Services (NYSE: DFS); Google (NASDAQ: GOOG); IdentityX; Intel (NASDAQ: INTC); Lenovo (NASDAQ: LNVGY); MasterCard (NYSE: MA); Microsoft (Nasdaq “MSFT”); Nok Nok Labs, Inc.; NTT DOCOMO, INC. (NYSE: DCM); NXP Semiconductors N.V. (NASDAQ:NXPI); Oberthur Technologies OT; PayPal (NASDAQ:EBAY); Qualcomm, Inc. (Nasdaq: QCOM); RSA®; Samsung Electronics, Ltd (KOSCOM: SECL); Synaptics (NASDAQ: SYNA); Visa Inc. (NYSE: V); Yubico.
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If you've ever used NFC to pay for anything then that was using the FIDO standards invented by the FIDO Alliance Working Groups. FIDO2 is used in all new editions of Microsoft Windows Server for passwordless authentication for example.

Working Groups are technology and policy groups ran by the Alliance. They consist of regional bodies that look at the technical, legal and culture challenges of the adoption of the tech in those regions. The Partners (the multinationals above) generally run them and then they are invite only for Associate members. Truxtun was jointly invited by a Board Member of the Thales Group, a French aerospace company with 18 billion in revenue and a Board Member of OneSpan, an American cybersecurity firm with $300m in revenue in order to represent the Alliance and consider the impact of PSD2, eIDAS, and GDPR regulatory changes on FIDO standards.

For a company he claims does not exist to any real degree, that's a fairly good achievement. You don't sit on global standards committees working groups if you're a one man start up running out of a postbox.

The fact is, Corbett either knew this and didn't mention it because it put a hole in his wrong assertions which makes him corrupt or he didn't know this and he has failed to research something incredibly simple which means he's incompetent.

He also claimed Wega didn't exist to any degree and that nobody in Qatar had heard of them. Wega cobranded and entire eSports tournament with Qatar two years ago and there's a ton of social media (and literal gameplay footage on Twitch) of it all over social media.

He is a man with an agenda who wrote exactly what he wanted to write and didn't bother checking to see if it made any sense or could be debunked by a thirty second Google search.
 
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Mancity1980 said:
View attachment 35438
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The other one :)

afb480746712d056df9325cc74057245.png
 
Damocles said:
He is a man with an agenda who wrote exactly what he wanted to write and didn't bother checking to see if it made any sense or could be debunked by a thirty second Google search.
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Which is ironic, as that is probably all he used to come to his exclusive piece of investigative journalism in the first place.
 
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