Pablo ZZZ Peroni
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- Joined
- 19 May 2014
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Another spiegel publication.
This one with an expert saying the Etihad deal might be fraudelent.
http://www.spiegel.de/international...n-about-football-leaks-a-1237216.html#ref=rss
A response from slbsn@slbsn who knows his onions:
Replying to @DrRob_Wilson
Your conclusion on the Etihad deal is flawed. From a contractual, accounting and FFP perspective the fact that the shareholder settles a party's contractual obligation is not a breach of GAAP. The idea the auditors (BDO or PwC for UEFA) didn't consider these points is nonsense.
This one with an expert saying the Etihad deal might be fraudelent.
http://www.spiegel.de/international...n-about-football-leaks-a-1237216.html#ref=rss
A response from slbsn@slbsn who knows his onions:
Replying to @DrRob_Wilson
Your conclusion on the Etihad deal is flawed. From a contractual, accounting and FFP perspective the fact that the shareholder settles a party's contractual obligation is not a breach of GAAP. The idea the auditors (BDO or PwC for UEFA) didn't consider these points is nonsense.