PL charge City for alleged breaches of financial rules

[bobbyowenquiff]

Not widely reported in the mainstream media but our neighbours in Trafford and Newcastle United are being investigated by HMRC Both have included provisions in their accounts Remember this when City are accused of cheating

Recent examples of HMRC investigations include both Manchester United and Newcastle United, who stated in their most recent financial accounts** that they are currently subject to investigations by HMRC

Pellegrini was fined for tax avoidance

Tax investigations into UK football clubs recover £125m, more than doubling the previous year’s total of £59m

Read the latest insights from UHY Hacker Young: Tax investigations into UK football clubs recover £125m, more than doubling the previous year’s total of £59m

www.uhy-uk.com

United have been at it for years. They pay virtually no tax in the UK and invest virtually nothing in the Greater Manchester community. They are a despicable organisation but apparently our business model is unsuitable.

Now Man Utd stand accused over low level of corporation tax

Club says figures for last six years do not take any deferred payment of corporation tax into account

www.theguardian.com

 

[pauls]

I think you misunderstand what happened. It was all set out in the CAS award: the club signed a sponsorship at fair value with Etisalat, services were provided in full but for a two year period payments from Etisalat were held up by finalisation of a new contract. During that period, services were provided under a legally binding heads of agreement, invoices were properly issued and were recorded as income in the accounts.

The only tricky thing is that, iirc, the new contract stipulated that Etisalat should pay monies to ADUG and ADUG should transfer the money to the club (unclear as to why, probably UAE fiscal reasons, but a contract is a contract). For these two years, ADUG paid the money to the club in advance of the receipt of the money from Etisalat. These are the payments the idiot Morgan is talking about. At the end of the two years, once the new contract was finalised, ADUG had received the money from Etisalat.

To me, this is a big nothing burger. The sponsorship revenue was genuine, at fair value under legally binding contracts, and properly recorded in the accounts. There is nothing in this that affects the true and fair view given by the accounts. Quite the opposite. Taking the money out of revenue and putting it into equity would NOT give a true and fair view.

Thanks, feel a bit more confident now but like all City fans absolutely sick to death of it.

 

[LeonardoDaVnci]

Now, is that one charge or 11 individual charges like the league has done over the financial stuff? :/

Actually the PL have made a huge mistake here, if you add up all the players in the following squads- Mens, EDS, U18, Womens, then there should 92 charges. However if you also include players on loan then the figure should be 115, fancy that !. Maybe we should email tricky dicky Masters and let him know....

 

[cheekybids]

United have been at it for years. They pay virtually no tax in the UK and invest virtually nothing in the Greater Manchester community. They are a despicable organisation but apparently our business model is unsuitable.

Now Man Utd stand accused over low level of corporation tax

Club says figures for last six years do not take any deferred payment of corporation tax into account

www.theguardian.com

“Low level” Is that like “minor” when explaining their misdemeanours.

 

[Claytop]

All covered here in this article by David Conn. City were up front about ADUG paying the money and it being reimbursed later. Not exactly the behaviour of having something to hide. Ultimately it didn't get considered by CAS due to the time-barring though so I guess we don't know for sure which way that would've gone. However, if there was any wrongdoing on the part of the club surely they would've come up with an easier get out than being so up front about it!

Mansour's payments and a U-turn by Uefa: key Manchester City findings | David Conn

Court of arbitration for sport judgment also finds no Uefa bias and shows why an alleged FFP breach was unsubstantiated

www.theguardian.com

Reading that article, surely the Etihad charge is just going to be a re run of the CAS one and we have to hope the IC find the same way as CAS?…

As for Etislat, I guess IF not time barred we’ll provide key witnesses like we did for the Etihad one at CAS.

Again, we’ll then have to hope the IC side with us.

My concern is that I feel like there’s no guarantee you win no matter what the evidence, it’s possible two out of the three don’t agree with us…

 

[burning blue soul]

They have charged us for not controlling our players

Have pigmol been charged for not controlling their referee?

 

[Harvster]

Now, is that one charge or 11 individual charges like the league has done over the financial stuff? :/

Edited for accuracy - 20?

 

[Mid Wales blue]

Arseholes.

No, they still haven’t charged them!

;-)

 

[ProofMCFC]

For what it’s worth I don’t think we’re guilty, we’re the best ran club in the world. But for argument sake, if we were guilty where would that leave us? Obviously no one knows the potential punishment by the premier league if we were guilty, but surely the board and the owners would have to step down or are they themselves facing jail time? I have absolutely no idea so could someone with a bit more knowledge on the situation enlighten me?

 

[Damanino]

Newcastle-Arsenal game was 04-11-2023 a month ago and Arteta still didnt get a touchline ban for his attack on refs.
I bet our "attack on ref" will be dealt with so much quicker.