You're a heavy-hitter domalino but your approach is gladatorial. Thumbs-up from me.
Football Leaks/Der Spiegel articles
- Thread starter BlueDejong
- Start date
Hang on, the article suggests our owners set up a business for the purposes of third party ownership of players at a time the authorities were thinking of banning the practice.
So what?
As for the outsourcing "to hide costs", I'm pretty sure that clubs not only have to report all related party transactions, they have to provide financial details of related parties to UEFA to make an assessment. UEFA were well aware of the transactions.
So what?
As for the outsourcing "to hide costs", I'm pretty sure that clubs not only have to report all related party transactions, they have to provide financial details of related parties to UEFA to make an assessment. UEFA were well aware of the transactions.
BlueAnorak
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Thanks for that, in fact I just received an email about a personal issue I currently have that was sent using Mimecast. Lets hope they use the full security options for our execs and not just the equivalent of PGP hash key encryption to validate the content.
Fuck me he's hardly a father to a murdered son. Husband to a murdered wife, thumb down ;)
aguero93:20
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Centurions
Well-Known Member
For the life of me I can't work out if you're taking the piss out of him there or not.
I think from the start the club figured something out. Millions of emails hacked, from top clubs all over Europe. And yet through all of that they ONLY have dirt on PSG, City and Chelsea? With the occasional tidbit about UEFA and the Premier League in there? Because of course every other club in Europe conducts themselves with grace, just like Cardiff have with McKay recently...
I believe the emails are true. I also believe Der Spiegel have been extremely selective with their choice of information to disclose. I believe there's a narrative, and I believe we're just going to have to get on with it, just like I imagine the club are.
As I said in an earlier post, people will definitely forget eventually. Der Spiegel are deliberately staggering the news releases so that they stay relevant. The longer it goes without Der Spiegel's leaks sticking or causing any punishment the more desperate they'll become. By the end of the year we'll be getting stories so ridiculous that they'll slip up and lose credibility.
I believe the emails are true. I also believe Der Spiegel have been extremely selective with their choice of information to disclose. I believe there's a narrative, and I believe we're just going to have to get on with it, just like I imagine the club are.
As I said in an earlier post, people will definitely forget eventually. Der Spiegel are deliberately staggering the news releases so that they stay relevant. The longer it goes without Der Spiegel's leaks sticking or causing any punishment the more desperate they'll become. By the end of the year we'll be getting stories so ridiculous that they'll slip up and lose credibility.
Jazzman
Well-Known Member
While you guys are arguing I am seeing 2 new headlines on Der Spiegel's website. One is saying UEFA is now planning a drastic punishment of City, while the other talks about more emails showing how City planning to circumvent the FFP rules. They do not stop it would seem. I wonder what we have to do to get this situation under control. It is a continuous campaign on Spiegel"s part clearly targeted only at City.
Jazzman
Well-Known Member
Here is a copy of some of the article from the English Spiegel site:
>>>>>
Off the field, however, the club's leadership is under serious pressure. Due to rules violations, the club finds itself facing expulsion from the Champions League. Revelations made public at the end of last year by DER SPIEGEL exposed flagrant transgressions by Manchester City. The reports were based on internal documents from the club that were provided to DER SPIEGEL by the whistleblower platform Football Leaks.
The European football association now wants to take a closer look at Manchester City once again. At the same time, there are additional revelations that shed light on the questionable conduct of the club's directors. If UEFA is serious about following through on the strict course announced by its president, Aleksander eferin, it has no choice but to impose tough sanctions against the Premier League titan.
Just how angry some of the association's investigators are that Manchester City evidently deceived them years ago is shown by the reaction of Yves Leterme, the head of UEFA's Investigatory Chamber. A former Belgian prime minister, Leterme said it would be a serious problem if DER SPIEGEL's reporting was confirmed: "This can lead to the heaviest punishment -- exclusion from UEFA competitions," he said.
No Matter What the Cost
In 2014, Manchester City reached a settlement with UEFA to avoid such a penalty. UEFA had discovered violations to its Financial Fair Play (FFP) rules, which prevent club owners from investing unlimited sums of money in their organizations -- a club is not allowed to spend significantly more than it earns. Since Manchester was bought by Sheikh Mansour bin Zayed Al Nahyan, though, the club hasn't made much of an effort to keep its strategy a secret. It has been trying to buy its way to the top of the football world by spending exorbitant sums of money on infrastructure and players -- no matter what the cost.
UEFA investigators didn't believe the club's assertions that certain sponsors from Abu Dhabi had no connection to the sheikh. They suspected that those companies were also utilized as surreptitious investment vehicles to inflate the club's revenues.
The club's boss, Khaldoon Al-Mubarak, said at the time that the settlement felt like little more than a tiny pinch and added that the team would continue pursuing its strategy. Considering the gravity of the accusations facing it, Al-Mubarak's club had gotten off extremely lightly.
A Special Construct
The documents provided by Football Leaks made it clear just how brazen Manchester City was willing to be. Beginning in 2012, the team devised a special construct to systematically circumvent FFP rules, with team executives outsourcing costs to other companies, effectively hiding them from UEFA auditors. If they spent more during a season than intended, they had their sponsors from Abu Dhabi increase the fees they paid to the team and backdated the money transfers to the beginning of the season.
>>>>>
Off the field, however, the club's leadership is under serious pressure. Due to rules violations, the club finds itself facing expulsion from the Champions League. Revelations made public at the end of last year by DER SPIEGEL exposed flagrant transgressions by Manchester City. The reports were based on internal documents from the club that were provided to DER SPIEGEL by the whistleblower platform Football Leaks.
The European football association now wants to take a closer look at Manchester City once again. At the same time, there are additional revelations that shed light on the questionable conduct of the club's directors. If UEFA is serious about following through on the strict course announced by its president, Aleksander eferin, it has no choice but to impose tough sanctions against the Premier League titan.
Just how angry some of the association's investigators are that Manchester City evidently deceived them years ago is shown by the reaction of Yves Leterme, the head of UEFA's Investigatory Chamber. A former Belgian prime minister, Leterme said it would be a serious problem if DER SPIEGEL's reporting was confirmed: "This can lead to the heaviest punishment -- exclusion from UEFA competitions," he said.
No Matter What the Cost
In 2014, Manchester City reached a settlement with UEFA to avoid such a penalty. UEFA had discovered violations to its Financial Fair Play (FFP) rules, which prevent club owners from investing unlimited sums of money in their organizations -- a club is not allowed to spend significantly more than it earns. Since Manchester was bought by Sheikh Mansour bin Zayed Al Nahyan, though, the club hasn't made much of an effort to keep its strategy a secret. It has been trying to buy its way to the top of the football world by spending exorbitant sums of money on infrastructure and players -- no matter what the cost.
UEFA investigators didn't believe the club's assertions that certain sponsors from Abu Dhabi had no connection to the sheikh. They suspected that those companies were also utilized as surreptitious investment vehicles to inflate the club's revenues.
The club's boss, Khaldoon Al-Mubarak, said at the time that the settlement felt like little more than a tiny pinch and added that the team would continue pursuing its strategy. Considering the gravity of the accusations facing it, Al-Mubarak's club had gotten off extremely lightly.
A Special Construct
The documents provided by Football Leaks made it clear just how brazen Manchester City was willing to be. Beginning in 2012, the team devised a special construct to systematically circumvent FFP rules, with team executives outsourcing costs to other companies, effectively hiding them from UEFA auditors. If they spent more during a season than intended, they had their sponsors from Abu Dhabi increase the fees they paid to the team and backdated the money transfers to the beginning of the season.
SilverFox2
Well-Known Member
In the real world people who earn money employ accountants to try to retain as much of it as they can. This is perfectly legal. Loopholes exist and are often used until the Revenue close the scheme.
Surely finding ways around constraining FFP rules that allow such methods is not illegal is it?