PL charge City for alleged breaches of financial rules

[TinFoilHat]

Realistically, whats a possible resolution time for this? This seems like it will basically go silent for a few years now?

I can see this all fizzling out tbh.

It will go on as long as it's needed to destroy our clubs reputation.

 

[pardoeofftomexico]

Interesting. You're far more qualified than me to make an assessment of what the charges exactly entail, so it's good to hear from people in your position. To a lay person such as myself though, it's way over my head and seems to contradict what other well qualified people have suggested (unless I'm mistaken, which is entirely possible). Your initial post today didn't sound too positive in tone, would that be a fair assumption to make from your post?

I think I was simply making the point that this was a civil case that required far less proof than a criminal case, so from that point of view I am less relaxed. Maybe it could be said that the question as far as the PL Club are concerned is not whether we have done something for which we are criminally liable but whether we have misled them when providing the information they needed to show we had complied with their rules. Of course, we may be able to show that we have complied and the fact that some matters are seemingly revisited after many years without time limit would be considered unjustified by many people.

 

[Chris in London]

No one is suggesting that our accounts are fraudulent or our auditors have done anything wrong. Audits are not there to prevent fraud. Our auditors are not expected to go to the Middle East to try the impossible task of verifying the original source of funds coming into the club. In fact, if we were accused of some criminal charge I would be more comfortable. The standard of evidence required would no doubt ensure that most of the PL accusations would be immediately thrown out.

Without wishing to downplay what are obviously very serious accusations against our club, I look upon this case more like the situation where you join your local golf club and you agree to abide by the regulations but do not. The committee may throw you out. This case is dealt with on a far more formal basis than would happen at your local golf club but nevertheless it is a civil and not criminal case and the rules may enable "evidence" to be brought forward that would not otherwise be allowed and which may be judged upon by looking at the balance of probabilities.

Sorry, what is being suggested by the PL is EXACTLY that our accounts are fraudulent, and that our auditors have failed to spot that.

The charges appear to involve allegations of conduct that if proved would amount to criminal conduct under the Companies Acts.

These allegations are about as serious as it gets outside the criminal courts.

 

[TinFoilHat]

I'm not as young as I used to be but it still doesn't take me 4 years to have a wank.

I have to try and find mine first.

 

[Fred_Quimby]

I'm not as young as I used to be but it still doesn't take me 4 years to have a wank.

What's a wank??

 

[pardoeofftomexico]

Realistically, whats a possible resolution time for this? This seems like it will basically go silent for a few years now?

I can see this all fizzling out tbh.

That sounds as if it will be sorted by bonfire night!

 

[aguero93:20]

What's a wank??

It's what you do when you've managed to upset the missus.

 

[pardoeofftomexico]

Sorry, what is being suggested by the PL is EXACTLY that our accounts are fraudulent, and that our auditors have failed to spot that.

The charges appear to involve allegations of conduct that if proved would amount to criminal conduct under the Companies Acts.

These allegations are about as serious as it gets outside the criminal courts.

Where does it say that? I doubt that the PL has said any such thing. They would be more circumspect. You are extrapolating what is happening to something some journalists/commentators would like to happen. Anyway, there is little I can add to my original comment, so you will just have to wait and see!

 

[Mr Fraser]

I'm not as young as I used to be but it still doesn't take me 4 years to have a wank.

Keep practising

 

[LeonardoDaVnci]

I believe there are two substantive questions...

Did Etisalat Telecoms provide valid sponsorship funds to MCFC ?

Did Etihad Airways provide valid sponsorship funds to MCFC ?.

In both cases the answers is Yes. I believe this is the irrefutable evidence the club has stated it possesses. The six stolen emails presented at CAS did NOT provide evidence to the contrary.

The PL will attempt to prove the sponsorships were "disguised equity funding" by the owner and therefore invalid. So if our sponsors were invalid then all our accounts are implicitly invalid. That's the whole thing in a nutshell.