PL charge City for alleged breaches of financial rules

[MillionMilesAway]

I struggle to understand this one.
IF we sold the image rights to Fordham for (say) X million, then I assume the deal was that we would pay back to Fordham over an agreed period of time all actual image right payments that Fordham made ( subject to a minimum of X million) plus some kind of handling fee to make it worth their while and then charge these operating costs to the accounts?
That's the only way I can make sense of it.
@Prestwich_Blue

My recollection is that:
Fordham (or whatever the name was at the time) paid City XX million for the image rights, giving an immediate boost to our figures. I think it was about 25-30M, which was a big percentage of the club income.
Image rights then were handled by Fordham in their entirety - PB has said earlier (I think I have this right) that image rights aren't wages, and the club don't have to include them.
The trouble is that Fordham are an ADUG company, and as no-one had done this before in English football, it could be viewed as owner investment, or exceeding fair value. I don't know if it's known what the repayment plan was, if any.

What ended up happening was that UEFA changed the rules of what was covered by FFP, and the revised version included related companies like Fordham; City brought the rights back in-house and collapsed the company.

I don't know how it feeds into the charges.

 

[KS55]

But there'd need to be a motive to do that and with Chelsea there isn't.

City's "crimes" real or imagined, are almost beside the point, the real story here is what motivates the other clubs to cobble together this ludicrous rap sheet.

But the MSM won't go there.

No one should hold their breath waiting for a Woodward and Bernstein in our fetid sports media.

Surely Miggy Delooney is the man.

 

[MillionMilesAway]

Ok, thanks. Appreciate the reply. Something just doesnt quute stack up with it all, sure it will all come out in the wash at somepoint….

Yeah, I suspect when their accounts come out things will be clearer. Which isn't saying much.

 

[Sir peace frog]

The club should hire a raft of private detectives to investigate the fuck out of the usual cheating suspects. The jealous twat likes of the Red Scouse and the perpetually failing Spuds to start with. Let's see how pure and driven as the white snow their accounting looks like.

private investigators hahaha

The Signals Intelligence Agency (SIA), formerly known as the National Electronic Security Authority (NESA), is the United Arab Emirates intelligence agency.

 

[freshie]

I don't get this one, is it worded properly?

Just really bad aggregating

“Guardiola’s outburst came a day after City chief executive Ferran Soriano was seen shaking hands with executives at other clubs at a Premier League meeting in London, a disconnect that has gone down very badly among other members of the top flight.”

 

[Charlesfarsbar]

Yeah, I suspect when their accounts come out things will be clearer. Which isn't saying much.

I think they will be fine under FFP as they can always sell a couple of players to offset their losses

Swiss Ramble did a great breakdown explaining what it might look like for them

their cash flow is another matter though , although FFP doesn’t look at the cash flow statement ….

I think they may need to finish top 4 ,or they could be another Leeds

 

[KS55]

Runners up by 1 point in 77.
Finished 4th in 72 behind winners Derby by 1 point, same number of points as Leeds and Victimpool.
I can't recall Spurs putting in a serious and sustained challenge for the league in my lifetime, they were there abouts under Pochettino but fell away when it came down to the business end of the season.

77 was a very good team, put together by Tony Book. Guess what Swales did next.

 

[chickaroon]

And they haven’t come close since ? Didn’t we finish runners up twice in the 70’s to Liverpool ? Or is that my mind playing tricks on me ? Older blues will know !

I certainly remember it once. Would have won it, all but a Dave Watson own goal at Main Road, against Liverpool.

 

[tommy116]

Ffp is the biggest scam that we have witnessed in our lifetime. They contradict themselves and move goal post as they see fit. According to them ,Premise of ffp is to save clubs running into mud with debt and bankruptcy But you can’t invest your own funds. How drowning in debt is Sustainable is beyond me.
Ffp is specifically custom designed to fuck man city , nothing more nothing less.

And thats it, how it has not been challenged for the utter joke it is ie crazy.Where was FFP in the 90s and early noughties , possibly the most rubbish boring period of football ever in England, dominated by one team who bought all the best players and whose only challenger was Wenger!!!.The 90s was utter dross.

 

[flb]

Just really bad aggregating

“Guardiola’s outburst came a day after City chief executive Ferran Soriano was seen shaking hands with executives at other clubs at a Premier League meeting in London, a disconnect that has gone down very badly among other members of the top flight.”

A disconnect that’s gone down very badly , sounds like they worried to me !