Football Leaks/Der Spiegel articles

[domalino]

If they really wanted to nail us, I feel they'd not be running the stuff about Bayern trying to form a super league and a "multiple champions league winner" being caught doping.

It's an embarrassing episode for the club who have been releasing pur financial results with great fanfare for the past few years - none of which would have been profitable without Mansour paying sponsorships.

Won't change anything on the pitch though.

 

[K10&S21]

Most importantly the events described start AFTER UEFA changed the FFP rules AFTER City had submitted there 2011-12 accounts. The rule changes were technical in nature but were done in a manner guaranteed to make City fail FFP. Without them City would have passed FFP. A point City made time without nunber but which fell on deaf ears. Interestingly City waited till the last possible moment to submit subsequent accounts.to UEFA.
Also which club had PwC as their accountants? Ask why PwC were so intransigent as a result. The answer is obvious if you think about it - Loss of the MUFC account!
As to related party crap. Der Speigel seem to know feck all about international accountancy rules.

exactly the take away is that FFP is illegal. we gave UEFA some chump change as a good will to protect both our images and avoid a fight. nothing illegal has been proven

 

[K10&S21]

If they really wanted to nail us, I feel they'd not be running the stuff about Bayern trying to form a super league and a "multiple champions league winner" being caught doping.

It's an embarrassing episode for the club who have been releasing pur financial results with great fanfare for the past few years - none of which would have been profitable without Mansour paying sponsorships.

Won't change anything on the pitch though.

but all this was already known. nothing has been illegal. so why this sensationalism?

 

[BlueAnorak]

The biggest thing UEFA missed, was by us suddenly agreeing their sanctions as we had been threatening to go to court for weeks.
We totally wrong footed them as It reset our FFP account and made it virtually impossible for us to fail FFP during the next two seasons. We took a small hit for the bigger prize!

 

[domalino]

but all this was already known. nothing has been illegal. so why this sensationalism?

It wasn't known that Mansour was paying 75% of the Aabar sponsorship, so why do people keep saying "all this was known"?

 

[BlueAnorak]

It wasn't known that Mansour was paying 75% of the Aabar sponsorship, so why do people keep saying "all this was known"?

It kind of depends who "His highness" is.
Having worked there for Etisalat, I think that title is reserved for the Emir himself - not Sheikh Mansour.
By default I guess he owns all the major companies in Abu Dhabi. Im not sure a head of state is a related party to Zbu Dhabhi United Grou by IAS-24 rules.
https://www.ifrs.org/issued-standards/list-of-standards/ias-24-related-party-disclosures/

 

[Prestwich_Blue]

Most importantly the events described start AFTER UEFA changed the FFP rules AFTER City had submitted there 2011-12 accounts. The rule changes were technical in nature but were done in a manner guaranteed to make City fail FFP. Without them City would have passed FFP. A point City made time without nunber but which fell on deaf ears. Interestingly City waited till the last possible moment to submit subsequent accounts.to UEFA.
Also which club had PwC as their accountants? Ask why PwC were so intransigent as a result. The answer is obvious if you think about it - Loss of the MUFC account!
As to related party crap. Der Speigel seem to know feck all about international accountancy rules.

Just a slight point of information. We wouldn't have passed FFP if they hadn't changed the Annex XI rules but we would, in principle, have avoided sanctions.

 

[SilverFox2]

It wasn't known that Mansour was paying 75% of the Aabar sponsorship, so why do people keep saying "all this was known"?

It is also well known that Etihad Airways are struggling, do you feel this revenue stream has dried up in a similar way ?

 

[worsleyweb]

I can’t for the life of me understand why anyone would join the ragcaf unless just popping on to tell them what odious bastards the rag twats are

I do that frequently. I have been bannned off red cafe more times than I have on here.

 

[Prestwich_Blue]

It wasn't known that Mansour was paying 75% of the Aabar sponsorship, so why do people keep saying "all this was known"?

But was he paying it? The only thing I can see relating to that is that Aabar were paying £3m a year but we needed another £12m from somewhere. So could that have come from Etisalat, the Abu Dhabi Tourist Authority and there was another couple of Abu Dhadi sponsors whose names escape me. If each of those put in £3m that's the extra £12m.