PL charge City for alleged breaches of financial rules

[Dubai Blue]

I thought Sox was US entities only? And other countries that adopted similar like Japan, but not UK?

It will be like the EU's GDPR in that it applies to any foreign subsidiaries and foreign organisations that do any business linked to the US

 

[Tb1981]

As far as I understand it, City's position both to UEFA/CAS and the PL is that the documents they're asking to be produced, that haven't been produced, don't actually exist.

In terms of CAS testing the witness statements, they said quite clearly that UEFA did not produce any evidence nor witnesses who contradicted the City witnesses, and furthermore it was unlikely that City's witnesses had lied. Their standing as professionals is I believe taken into account when deciding whether they are to be believed or not.

The problem I have with the whole thing is the fact that it’s very personal.
There is a clear agenda to get us’ by UEFA and the premier league.
UEFA managed to both charge us and find us guilty of offences that they could provide zero evidence to prove and were also time barred by their own rules!
Ask yourself how a competent person/people can get to that point only to be then told they have no case.
Add also inexplicably one of the three cas judges also found against us
Football stinks from top to bottom!!!

 

[toutmaster]

I am on the same page, certainly in terms of a high burden of proof, but I don't think it is as simplistic as just wanting to taint the brand, which they are happy to throw in to the mix at this stage?

They are accusing various auditors and sponsors of also being complicit in fraud.

That's opening up battle lines on so many fronts, aside from City and our own reputational damage.

I am maybe crediting someone at the Premier League with a modicum of legal intelligence, but they have left an open goal for BDO, Etihad and others to go after their own pound of flesh if we are cleared?

I get that Tolm but BDO have do have a past record of messing up

BDO faces FRC investigation over audit of collapsed construction firm - City AM

The Financial Reporting Council is opening an investigation into the challenger company's audit of collapse building firm NMCN.

www.cityam.com

BDO auditor fired for altering files earmarked for inspection

Accountant found to have made changes after UK regulator told the firm it would be reviewing a public sector audit

www.ft.com

BDO International faces audit negligence accusation

By Pascal Fletcher

www.reuters.com

SEC.gov | SEC Charges BDO and Five Partners in Connection With False and Misleading Audit Opinions

www.sec.gov

BDO may have to bail out sister firm in Spain after €126.8m penalty

Spain’s highest civil court found BDO, among others, guilty of falsifying accounts of fishing firm Pescanova

www.theguardian.com

BDO pays $3.5-million fine over audit of fraudulent mutual funds

The fine stems from BDO’s auditing of mutual funds offered by Crystal Wealth Management Systems Ltd., a Burlington, Ont.-based investment company that was later found by the OSC to have overstated the value of its assets

www.theglobeandmail.com

FRC launches probe of BDO over NMCN audit

The Financial Reporting Council announced the launch of an investigation into BDO in relation to its audit of U.K. construction and engineering company NMCN, which filed for administration earlier this month.

www.complianceweek.com

 

[halfcenturyup]

Read from 274-285 of the CAS findings

I meant the bolded, and now additionally underlined, part:

People are reading too much into the CAS judgment. For 1 it’s in accord with Swiss Law and 2 it, ad it’s something I keep repeating UEFA didn’t pursue to the end the fact that some documents were never disclosed they in effect gave up on that approach had they focused on that it’s highly likely that CAS would have come to the same conclusion as UEFA.

 

[kaz7]

The problem I have with the whole thing is the fact that it’s very personal.
There is a clear agenda to get us’ by UEFA and the premier league.
UEFA managed to both charge us and find us guilty of offences that they could provide zero evidence to prove and were also time barred by their own rules!
Ask yourself how a competent person/people can get to that point only to be then told they have no case.
Add also inexplicably one of the three cas judges also found against us
Football stinks from top to bottom!!!

The cas one who voted against us was the uefa picked one

 

[bluenova]

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 .

Isn't he simply a hypocrite?

When he was at Arsenal, he spun the narrative that they were punching above their weight, similar to the nonsense from Klopp now. But he was always intelligent enough to know exactly what his situation was - the "woe is me" was just part of the game. City were direct competition, and knowing that as the fourth richest club he was going to end up fourth most years, he needed to go on the attack to make himself look good.

Now he's not in competition with us, he doesn't need to spin that yarn.

 

[Tb1981]

The cas one who voted against us was the uefa picked one

Should still have come to the same conclusion as his peers though

 

[BringBackSwales]

It will be like the EU's GDPR in that it applies to any foreign subsidiaries and foreign organisations that do any business linked to the US

No, GDPR and Sarbanes Oxley (SOX) are entirely different things. All UK companies absolutely need to adhere to GDPR (around data protection) but not Sarbanes Oxley (which is US federal law around accounting and business controls). As we are not a US entity we are not bound by the requirements of SOX.

 

[MillisleBlue]

AVIAMC

 

[kaz7]

Should still have come to the same conclusion as his peers though

As if he would , ha