PL charge City for alleged breaches of financial rules

If somebody could summarise some of the main talking points that would be brilliant. I don't fancy reading all 234 pages. :')
 
Gordyola said:
These are the E numbers City have been charged against
Seems they are saying the books have been "cooked" serious allegations not just for the PL but as these are auditioned accounts, could it be criminal charges for all involved?

E.3. Each Club shall by 1 March in each Season, submit to the Board a copy of its Annual Accounts in respect of its most recent financial year or if the Club considers it appropriate or the Board so requests the Group Accounts of the Group of which it is a member (in either case such accounts to be prepared and audited in accordance with applicable legal and regulatory requirements) together with a copy of the directors’ report for that year and a copy of the auditors’ report on those accounts.
E.4. The accounts referred to in Rule E.3 shall: E.4.1. include separate disclosure within the balance sheet or notes to the accounts, or by way of supplementary information separately reported on by its auditors by way of procedures specified by the Board, of the total sums payable and receivable in respect of Compensation Fees, Contingent Sums and Loan Fees; and E.4.2. include a breakdown within the profit and loss account or the notes to the accounts, or by way of supplementary information separately reported on by its auditors by way of procedures specified by the Board, of revenue in appropriate categories such as gate receipts, sponsorship and advertising, broadcasting rights, commercial income and other income.
E.11. By 31 March in each Season, each Club shall submit to the Board in respect of itself (or if the Club considers it appropriate or the Board so requests in respect of the Group of which it is a member) future financial information comprising projected profit and loss accounts, cash flow, balance sheets and relevant explanatory notes commencing from its accounting reference date or, if it has submitted interim accounts pursuant to Rule E.6, from the date to which those interim accounts were prepared and expiring on the next accounting reference date after the end of the following Season (“Future Financial Information”). The projected profit and loss accounts, cash flow and balance sheets shall be prepared at a maximum of quarterly intervals.
E.12. The Future Financial Information shall: E.12.1. be prepared in accordance with the accounting principles adopted in the preparation of the Club’s Annual Accounts (except where the accounting principles and policies are to be changed in the subsequent Annual Accounts, in which case the new accounting principles and polices should be followed); E.12.2. be approved in writing by the board of directors of the company to which they relate; E.12.3. include in the explanatory notes thereto principal assumptions and risks; and E.12.4. include for comparison profit and loss accounts for the period covered by the Annual Accounts and interim accounts submitted pursuant to Rules E.3 and E.6, a forecast for the current financial year and a balance sheet as at the date of the interim accounts submitted pursuant to Rule E.6.
E.49. If the PSR Calculation results in losses of in excess of £105m: E.49.1. the Board may exercise its powers set out in Rule E.15; and E.49.2. the Club shall be treated as being in breach of these Rules and accordingly the Board shall refer the breach to a Commission constituted pursuant to Section W of these Rules (Disciplinary).
E.50. The sum set out in Rule E.49 shall be reduced by £22m for each Season covered by T-1, T-2 and T-3 in which the Club was in membership of The Football League.
E.51. Each Associated Party Transaction must be submitted to the Board (in such form and including such detail as required by the Board) in order for the Board to conduct a Fair Market Value Assessment of it.
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Too many E's to digest there.
 
supercity88 said:
We're being charged for breach of rules relating to a number of matters. Ultimately, it's because we're successful, but it looks like the Sheikh's been getting his mates to pay off Mancini and other players rather than paying them through the club. He's also been adding noughts to our investment thanks to pals in Abu Dhabi. The premier league don't like it because, ironically, their mates who helped them make so much money initially are now not making as much and don't like it. They want the premier league to stop us so they make more money, like the good old days. The premier league are snookered, because we've made some money for them, but everyone else hates us. They're hoping that after we're out of the league they can fix the game so the title switches between the dippers, tarquins, rags and chavs and then they might throw Spurs one just to pretend it's competitive.
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sorry, trying to find out what the actual charges are without the usual hyperbole.

We have been paying off managers off the books?
And inflating our investments to cook the books?

Are they the main charges? If so that’s quite serious
 
I dont really see a downside to this scenario.

Onus is on PL to prove GUILT
We do not have to prove INNOCENCE

If it had been thrown out by PL without charges, there would have still been entrenched opinions that we’ve got away with it blah blah. Nothing would have changed.

If these charges stick, fair enough. The PL will have to PROVE that to be the case. If they can… Hands up, hierarchy fucked up and I’ll take any punishment they hand down.

If the charges are subsequently thrown out, I can only see it being better for our image. Will still have idiots and conspiracy theorists saying we’ve paid them off but anyone reasonable and on the fence before will have been shown 2 separate legal cases where these charges have been thrown out.

Bring it on.
 
hertsblue said:
City should hold its own investigation into the PL and PGMOl, i am sure they would find something.
But after years and years of shit slung our way, this news just has me shrugging my shoulders, past giving a shit anymore as its been a witch hunt against us for close to a decade.
If we have broken the rules then the club deserves what it gets but thats a big IF as we know the hateful 8 are behind this.
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We would deserve punishment only if all other clubs to have played in the Premier League are investigated to the same standard and receive similar treatment.
 
Manchester33 said:
If somebody could summarise some of the main talking points that would be brilliant. I don't fancy reading all 234 pages. :')
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