PL charge City for alleged breaches of financial rules

It does seem an impossible task for 3 people to decide the rights and wrongs of this case.

And although we may get a kangaroo court.. it speaks to reason that if the panel wants a result that's upheld and not appealed, it will not go into stuff over 6 years unless it really has to.

6 years time bars anything from before 2017.
 
Sorry I meant the part about how we handled co-operation with the PL investigation.
It’s in several High Court cases brought over the last few years by the PL to obtain further info from City. Our stance has always been that we have provided what we are obliged to provide and anything else requires specificity not a fishing expedition.
 
What do you want?

If you want to inhabit a world where only things that have been explicitly stated by the club in a public statement are "factual statements" then you should probably just leave this thread and come back in 18 months when there's a verdict, because the only factual statement so far is the PL and City statements from last monday. The other 14,450 posts in this comment are opinion and discourse.

In the meantime, the rest of us are probably going to keep discussing the possibilities using what we have in the public domain and trying to figure out what the club is fighting.

What we know is that City's internal documents involve putting 4 random companies between ADUG and Fordham, 4 companies who do nothing, have no business plan, and involve routing things through the BVI.

Feel free to offer another theory why the corporate structure was like that if you don't think that's someone disguising it. Or don't, because it won't be a fact.

Tax avoidance?

We used to have three Luxembourg companies between some of our business operations and the holding company in the old days when I was involved in setting them up. It was a perfectly acceptable and normal business procedure then, using loans and two different forms of company: one where interest income wasn't taxable and one where the interest was tax allowable. Before we did it, though, we would get tax clearance, which I guess the club did as well if this was the reason, or even if it wasn't now I come to think of it.
 
That may sound a bit dodgy but is there a rule saying you can’t do that? Is it illegal?
Company I worked for did something similar and were used to protect assets in case the parent company fell into difficulties.
For example, one of them owned the building and rented it back to parent company.

There is absolutely nothing wrong with selling assets on which you earn income, or can earn income in the future, for a lump-sum amount up-front. Barcelona have recently done the same with some of their future broadcast revenues. For the same reasons, btw.

It doesn't matter if it helps the club meet FFP, because it is a perfectly acceptable way of doing so. It doesn't really matter who the assets were sold to either: another group company, a related company, a third party company - provided it was accounted for properly. IMO, the only thing that matters is that the transaction was at a fair value. That it wasn't inflated just to meet FFP, in this case. We don't have the information to make any conclusion on that matter, so it's all just speculation.
 
It’s in several High Court cases brought over the last few years by the PL to obtain further info from City. Our stance has always been that we have provided what we are obliged to provide and anything else requires specificity not a fishing expedition.

OK thanks. Didn't follow all that in all honesty. I didn't think the PL would charge us all over again for the stuff that was cleared at CAS. More fool me :)
 
I've read pretty much every post in the last 25 pages and haven't seen any City fans arguing furiously that the club is guilty or wishing it so.

I've seen people who's interest in the case extends beyond "club says we're fine so wake me up when the not guilty verdict comes in" and who actually want to look at the details of the accusations and evidence in the public domain discuss the investigation, but perhaps you can't tell the difference.

I think he was talking about you, not to you :)
 
We don't know. We know there's emails promising money, we know the discussed company was created, but that's it. Hence why I said "If the PL can convince the judicial panel it happened...".
But if the accounts and financial documents do NOT show it and City refused to provide fishing expedition documents to show that it may or may not have happened…then the PL, who have the burden of proof, cannot show that it did.
Remember we do not have to prove that something didn’t happen, unless there is cogent evidence in the first place to show that it did. If they have nothing to prove it did, then a simple appearance by Simon Pearce saying it was discussed in that manner but never went further in that manner on the basis of legal advice (which is privileged) and therefore not obligated to be disclosed. Game over.
 

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