PL charge City for alleged breaches of financial rules

[Shads]

Probably shouldn’t deploy the phrase “got off” to describe a finding of not guilty!

I thought exactly the same when I watched it. Otherwise it was excellent.

 

[Blueknows]

So levy already crying

We've all been furious about their constant digs and comments for the last 15 fucking years , finally the clubs fighting back something bullies hate

 

[Blueknows]

I’m sure Pannick is noting all this down!

So that'll be 54 charges dropped immediately, 6 rules x 9 years

 

[domalino]

I've never understood this either. Biggest legit loophole there is because neither uefa or pl can deal with debt because it will hit the old guard. Rather than all the faff with sponsorship and 'fair values' we could have just been 'loaned' a billion in perpetuity like abramnovitch and just recently the Leicester owner has done.

Debt is a shit way to measure sustainability. That's why it's not used.

Look at Spurs. We may dislike them and mock their lack of ambition but they are without doubt a sustainably run club. They're also £1bn in debt, because they just made a once in a century stadium rebuild, and they'll gradually pay all that off with low interest over the next 15-20 years and that's perfectly fine.

Sometimes businesses need to take out loans, even City have taken out 9 figure loans to cover transfer spending before paying it back in short order.

It's not a conspiracy to help United, it's that removing the ability to borrow money would fuck over everyone.

To be honest the new version that combines wages and transfer spending and ties it to revenue is pretty good, it's much better than the original.

 

[FogBlueInSanFran]

Debt is a shit way to measure sustainability. That's why it's not used.

Look at Spurs. We may dislike them and mock their lack of ambition but they are without doubt a sustainably run club. They're also £1bn in debt, because they just made a once in a century stadium rebuild, and they'll gradually pay all that off with low interest over the next 15-20 years and that's perfectly fine.

Sometimes businesses need to take out loans, even City have taken out 9 figure loans to cover transfer spending before paying it back in short order.

It's not a conspiracy to help United, it's that removing the ability to borrow money would fuck over everyone.

To be honest the new version that combines wages and transfer spending and ties it to revenue is pretty good, it's much better than the original.

With all due respect, short-term, cash flow to debt service is the best way IMO. And long-term, cash flow to debt to ensure any bullets can be paid down if they aren’t refinanced. Sustainability should be modeled on traditional bank covenants.

 

[Goathead8]

Debt is a shit way to measure sustainability. That's why it's not used.

Look at Spurs. We may dislike them and mock their lack of ambition but they are without doubt a sustainably run club. They're also £1bn in debt, because they just made a once in a century stadium rebuild, and they'll gradually pay all that off with low interest over the next 15-20 years and that's perfectly fine.

Sometimes businesses need to take out loans, even City have taken out 9 figure loans to cover transfer spending before paying it back in short order.

It's not a conspiracy to help United, it's that removing the ability to borrow money would fuck over everyone.

To be honest the new version that combines wages and transfer spending and ties it to revenue is pretty good, it's much better than the original.

 

[Goathead8]

but they are without doubt a sustainably run club. They're also £1bn in debt

Haha so they’re not a ‘sustainably run club’

 

[Tevez City]

Debt is a shit way to measure sustainability. That's why it's not used.

Look at Spurs. We may dislike them and mock their lack of ambition but they are without doubt a sustainably run club. They're also £1bn in debt, because they just made a once in a century stadium rebuild, and they'll gradually pay all that off with low interest over the next 15-20 years and that's perfectly fine.

Sometimes businesses need to take out loans, even City have taken out 9 figure loans to cover transfer spending before paying it back in short order.

It's not a conspiracy to help United, it's that removing the ability to borrow money would fuck over everyone.

To be honest the new version that combines wages and transfer spending and ties it to revenue is pretty good, it's much better than the original.

If I can borrow money to invest, then why I can't invest my own money into my own business ?

As far as i know there is nothing in the business that limit the investment on revenue except in football after the new ownership of City.


They are not looking to protect anyone but the " cartel" clubs.

 

[The Colonel]

These bits are fun, but it's more important that the club actually combat the misleading narrative that's been created and Pep can't do that on his own.


If you speak to non CIty fans, they have all been convinced that "City got off on a technicality" because that's what half a dozen journalists, who were convinced it was a slam dunk, fell back on when they got shown up.

The truth as we all know is that only 1 email/sponsorship/charge was time barred, and from the panel's conclusions on the other issues it's impossible to conclude anything other than it would have been thrown out as well if it was actually looked it. They decided emails weren't proof of action, and all UEFA had was emails.


But that narrative of City surviving on a technicality was hammered home and spread and now it's what the average person thinks. Not that all but one of the charges were looked at and dismissed.

Hopefully they have gotten smarter, and have a strategy for getting their version of events - which by the way is the fucking truth after all, not some half truth excluding most of the verdict - into the papers and into the public consciousness.

I have a journalist friend and he gave me every single bullshit bingo line today including the technicality parrot turd. This is a D Mirror hack. I asked ’so what is the technicality‘? “Err emails not allowed”. I tell him they were admissible and that he’s not read the verdict has he. “No”. Resorted to “cheats”. I have him now. Cheat, bent rules, cheat bent league in your favour, and we still beat you all on and off the pitch. You can see how Russians believe Putin is right!

 

[halfcenturyup]

With all due respect, short-term, cash flow to debt service is the best way IMO. And long-term, cash flow to debt to ensure any bullets can be paid down if they aren’t refinanced. Sustainability should be modeled on traditional bank covenants.

Agreed. This is the way, imho, for club sustainability.

But FFP, now FFS, is more than that, as we know.