PL charge City for alleged breaches of financial rules

[chris85mcfc]

The auditors of Enron were found to be assisting the fraud and done for destroying documents if I recall.

Yeah, prior to Enron and therefore the Sarbanes Oxley act coming in, auditors were largely self regulated, and often did bits of consultancy work for these large Corporate companies

In fact the audit work that they were doing was paying substantially less than the consultancy work they were being offered by the same company

Sarbanes Oxley is a comply or die approach, which has incredible fines for non-compliance

I'd be amazed if CFG aren't tied into complying with Sarbanes Oxley

 

[pardoeofftomexico]

On the matter of timing, I struggle to see how an ‘investigation’ that lasted four years and ended up with a list of charges dating from the moment ADUG purchased City will be resolved by a three man panel in a matter of months.

If this can be cleared up in months then what the fuck were the PL doing for the last four years?

Waiting for City to end their legal challenges to the proposed arbitrators and then going to appeal which took at least two years during which we surely provided no further information. Also in the Covid period as someone pointed out.

 

[halfcenturyup]

They are at market value. Why shouldn't they be? It is independent companies with a minor share. Companies that do not have the single owner but are traded on the stock market. Their shareholders (a lot for sure no Bayern fans) for sure do not want to benefit the dividend shares of other companies. It just would not make any sense if it was different. You do not spend money as a business for charity or if somebody else would benefit...

And the main important or difference probably is that the partner and the club match together perfectly what e.g. would not be if (as an extreme example) bavarian brewer Paulaner would advertise with e.g. Manchester City or Dortmund.

Siemens e.g. has their headquarters exactly there where the cafe is in which the club was founded 120 years ago.

I know that Bayern for sure is an outlier in this - but you really can explain why they are. It has a lot to do with German economy and the structure of it. We still have a lot of manufacturers - many are top dogs in the World market, too.

The biggest German insurance company - Bayern sponsor. (head quarters Munich!)
One of the big German car manufacturers (or in the world) - Audi (a branch of Volkswagen) - Bayern sponsor (BMW tried to take over 2 or 3 years ago, but that did not work - now they took over the car sponsorship of Real!)
The biggest German telekommunication company - Telekom Bayern sponsor
The biggest German software company - SAP Bayern sponsor
Paulaner with the whole Schörghuber group behind is not the biggest brewery in Germany but I am pretty sure in Bavaria or Munich.
I could go on with that list. What Bayern for sure was smart in in the past decades was connecting to German politics and economy. And the rise from Bavaria itself from a farmer state to the biggest economical power state in Germany for sure helped with that, too. The companies very often have their headquarters or important branches in Bavaria (or atleast in Southern Germany) - not just Germany as a whole.

In a special way the FC Bayern benefits from being that top dog in Germany - not to only be one of the big dogs somewhere else. Right now not even the German national team really seems to be a big rival for the contracts as it was some years ago when e.g. in markets with two big contenders the rival that did not have a contract with the German FA tried to get one with Bayern the season before the World Cup to advertise with some German national team players for the World Cup...

Yes, that all may very well be so, and thanks for your feedback.

I started this to counter the idea (not from you) that City must have cheated somehow to have income higher than United. A stupid, simplistic argument that shows little understanding of the commercial world. You have shown the many reasons why Bayern could have a commercial/broadcast revenue % higher than some other clubs.

I think we can agree that there are many reasons at the moment why City's % should be in the same ballpark as United's, as it is, and that as City's broadcast income is higher, then you would expect the commercial income to be higher too.

That was really my point.

Your English is excellent, by the way, you studied in England?

 

[Bez]

Those were the days. When we were everyone's 2nd favourite team...

 

[LongsightM13]

Nope. I wrote City are confident.

My own personal opinion is that we will win but are unlikely to come out scot-free (taking medicine) whether it be in the form of a fine for non cooperation or a poss transfer ban for how we set up for Mancini or player payments.

Yep their kitxhen sink approach and the sheer volume of charges suggests they want something, anything at all to stick, as much as for their own PR optics as anything else
So like CAS, our enemies in the media and rival clubs can continue to say we are cheats despite being cleared of everything substantive

 

[Chi-town blues]

Wenger is showing a great deal of support here. Putting forward the view that Khaldoon is an honest man means anyone who supports the charges is by virtue suggesting he's dishonest. That sounds quite obvious but it's powerful nonetheless and I believe Wenger knows exactly what he's doing with his comment.

He is their fucking ring leader . The one who was busy mouthing off “sports washing, state owned, financial doping ,,etc every time he got the airwave. Fucking lying **** and the one who started this crusade against city since the take over .

 

[M12Blue]

He is their fucking ring leader . The one who was busy mouthing off “sports washing, state owned, financial doping ,,etc every time he got the airwave. Fucking lying **** and the one who started this crusade against city since the take over .

Is he a personal friend of the Arsenal supporting head of the investigation I wonder? Applying pressure I wonder. Bollocks I know

 

[MillionMilesAway]

My take on the next few months:

February:
Media shitstorm continues to abate, Sky issue profit warning & Talksport cease trading.
City formally announce North Stand extension, log flume & Ferrari World - providing 2,000 Mancunian jobs & a £1billion boost to the local economy.
Rags sold by Glazer family to unknown buyer.
Pep extends to 2030.
The Viking Meat Shield extends to 2030.
Mendy fully acquitted & starts against Arsenal.
Dippers bought by the Glazer Family.
City 5 points clear.
Piss on a steady simmer.

March:
Government White Paper made public, independent regulator in place for 23/24.
Lord Bernstein is announced as the chair of the IR.
UK Gov announces UAE £100billion injection into the UK economy.
City issue writs to Premier League, Reach PLC, Miggy Deloony, MoS, Danny Mills, Mirror Group, Lou Macari's Chippy & Arsenal FanTV.
Rag buyer announced as a consortium of the Neville Family/MUST/Fred the Red/Terry Christian.
City 11 points clear.
Mendy voted City Player of the Month.
Tent Peg named as "Mr Big" in Amsterdam drug cartel trial.
Piss on a gentle rolling boil.

April:
City progress to the Semi-finals of CL & FA Cup.
Oliver Holt & Ian Cheeseman come to blows.
International arrest warrant issued for Edwood Woodwood after being accused of being Jimmy Saville's fixer.
PGMOL implicated in Far East betting scandal.
BBC Sport closes Salford office, relocating to Moss Side.
Klipperty resigns for personal reasons.
City move 18 points clear.
Piss on a violent rolling boil.

May:
City win FA Cup.
City win CL, beating RM in 7-0 thriller.
City win PL by record 30 point margin.
EPL drop all charges against City.
Nasty 9 write to City with a full apology, City say get fucked.
Piss boiling at an all time low as global supplies in crisis.

2023/2024:
City open the worlds biggest piss-boiling factory in Trafford Park, after levelling the previously moth-balled Hotel Football.
Climate change brings flooding leaving Liverpool submerged for eternity.

With Manchester now having a beach, it is announced as the 2023/2024 host for the World Beach Volleyball Series, running from June - August.

(OK - I might've gone a bit too far with the last bit).

I mean... where to start.
City can't be 5 pts clear by the end of February. We'd need 8 pts from the remaining 3 games.
The rest seems fine.

 

[halfcenturyup]

Yeah, prior to Enron and therefore the Sarbanes Oxley act coming in, auditors were largely self regulated, and often did bits of consultancy work for these large Corporate companies

In fact the audit work that they were doing was paying substantially less than the consultancy work they were being offered by the same company

Sarbanes Oxley is a comply or die approach, which has incredible fines for non-compliance

I'd be amazed if CFG aren't tied into complying with Sarbanes Oxley

Hmmm ....... Self-regulated, you say. Never a good idea :)

 

[Dodge]

I mean... where to start.
City can't be 5 pts clear by the end of February. We'd need 8 pts from the remaining 3 games.
The rest seems fine.

Thanks for the correction, my bad ;)