PL charge City for alleged breaches of financial rules

[Metal Biker]

How is it libellous to state a true fact? There was a letter, sent by 9 clubs, he quoted those 9 clubs by name, in what way does that constitute libel?

Yes, but, they didn't want anyone else to KNOW that...

 

[lightning Rodri]

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You too, fucking chatGPT.

 

[Theo555]

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Would help if the spelling was correct

 

[Brightwell Bros.]

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[Len Rum]

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.

Thanks for that.
I think that in general image rights have to be charged somewhere in the accounts, if not to player remuneration then operating costs?
The arrangement with Fordham and the accounting treatment I assume would have been cleared with auditors.

 

[Nour]

My lad showed me this. Not recent is it

Yeah

 

[gordondaviesmoustache]

Not me, the machine!

Heard it before!

 

[Eric Hitchmough]

We are not guilty, we will be successful in beating the charges and there will therefore be no punishment for anything. Not even for failing to cooperate in my opinion.

I like the cut of your jib.

 

[Rory Bluelow]

Not sure how correct that is. The PL will still exist as an organization and business and competition. It will only lose its ability to self regulate its members and rules. That will be vested in an independent regulator.

There will be a clear out of its leadership (and hopefully deep reflection and contrition) if it’s found they lacked necessary evidence to underpin these incendiary accusations. The cartel will be exposed.

 

[Burtonblue]

Fuck me, just took the dog (who we named Zaba) to the park. Immediately heard 3 Rags talking and it was like City bingo: Dirty oil money, Arabs, cheats, going down, this city is yours etc etc

Probably the first time they’ve worn their United clobber in a decade.

I hope you set Zabba on them!