PL charge City for alleged breaches of financial rules

[StillBluessinceHydeRoad]

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.

I agree entirely with what you have put forward here and it has to be stressed that these are very serious charges indeed. What intrigues me is that (I believe) CAS found that evidence produced by City confirmed the picture painted in our account and nothing contradicted this. I cannot see how the PL can, therefore, produce any evidence, which must have come to light since, to show these accounts were actually false.

 

[paulchapo]

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.

Which is fraud on a huge scale and if they had such evidence, or even suspected it, surely the police and HMRC would be involved?

 

[paulchapo]

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.

When I see what P&0 did with their workforce when their chairman openly admitted they broke the law and would do it again, leading to 800+ people losing their livelihoods, with no legal action against them, I'm not sure what could be done to us if we were guilty.

 

[Blue Mist]

Fuckoff you inbred 6 fingered wankers.

I really hope we batter these pricks tonight, know nothing gobshites.

That has really pissed me off.

There you go premier league, mission accomplished, especially if all these fuckin wurzels are coming up with shit like this.

It's one pub, one down and out shithole pub by the look of it, why are you so wound up about it ? Their Chairman has spoke well of us and how well we treated them last time and so has the manager. Like Talkshite, the wattsapp bunch, the Guardian and Mail, just ignore them. Don't waste your energy on idiots.

 

[LeonardoDaVnci]

Which is fraud on a huge scale and if they had such evidence, or even suspected it, surely the police and HMRC would be involved?

No it's not fraud. Its wether the sponsorships were valid as defined by the PL rule book.This is will be down to the interpretation of the panel of lawyers. At CAS the Chairman and CEO of Ethihad Airways swore under the oath the sponsorship was authorised 100% by him.

 

[Chris in London]

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!

Read the charges

 

[manimanc]

It's one pub, one down and out shithole pub by the look of it, why are you so wound up about it ? Their Chairman has spoke well of us and how well we treated them last time and so has the manager. Like Talkshite, the wattsapp bunch, the Guardian and Mail, just ignore them. Don't waste your energy on idiots.

Fair comment.

It just struck a nerve, they've never been interested in us, don't know the truth of what is happening yet they seem to think we're cheats.

Just think it's a bit of a cheap shot.

 

[Gorton_Tubster]

Makes sense to me, we're breaking PL rules, not the law. Is that correct?

 

[halfcenturyup]

Makes sense to me, we're breaking PL rules, not the law. Is that correct?

That's my assessment based on my view of the nature of accounting, but it's not shared by the legal eagles on here.

No-one has yet been able to explain to me how the Etihad sponsorship should have been accounted for any differently even if Mansour gave cash in a suitcase to Etihad to pay for the sponsorship. The accounting fundamentals as far as the club is concerned are exactly the same, so the accounts would be the same imho.

Of course, if that happened and we hid it from the PL, that would be a regulatory problem.

 

[LeonardoDaVnci]

Read the charges

I've read the charges and this is the key charge re the validity of our accounts...

, "in particular with respect to its revenue (including sponsorship revenue), its related parties and its operating costs"

So they are saying our costs ie transfer fees and player salaries etc were funded by invalid sponsorship funds. Thats what the PL have to prove.