PL charge City for alleged breaches of financial rules

[eyalluvitt]

Yet there’s talk of Arsenal themselves having to sell to buy.

Lego head has outspent Pep since he has been head honcho of Le arse, with a smaller turnover

 

[M18CTID]

Lego head has outspent Pep since he has been head honcho of Le arse, with a smaller turnover

Yep. There’s no way they can keep that level of net spend up

 

[eyalluvitt]

Worse is, Everton are effectively punished twice for the same crime. Because the PSR is a rolling 3-year tally, there's a good chance they could be in breach again next year.

The whole thing is daft and is miles away from what they initially claimed it was going to do. Protect clubs from owners? Pretty clear it's to protect clubs from other clubs.

Everton did vote for it

 

[BillingeBlue]

How have Chelsea got away with it. There has been talk they would have to sell Conor Gallacher

 

[The Stockport Iniesta]

Everton did vote for it

Turkey's voting for Xmas springs to mind. About time clubs wise up to the fact, that if arsenal, utd and the dippers are pushing something, it's in the interest of those 3 clubs and nobody else.

 

[wolviedinho]

Why Everton, Nottingham Forest and Wolves may face points deductions this week

A football finance expert explains why these three clubs are most likely to be punished if charges are announced on Monday

inews.co.uk

This article in the I caught my interest about possible further points deductions. Then at the end the 'expert" says he has seen some of the City stuff working at der Speigel and doesn't know why it's still going on.

He could probably answer that question himself if he thought about it. Just more dripping of the City are guilty line.

It demonstrates the lack of robustness that the Premier League and Uefa have had over the last 15/20 years in European football. I did some work with Der Spiegel back in 2017, and the evidence I’ve seen – you think, why hasn’t that been dealt with? That was seven years ago now.”

That last bit could be interpreted a few ways. It could mean I have seen the evidence and interpreted guilt or it could me I have seen the evidence just like CAS and it is a lot of crap!

Rob Wilson is the expert apparently. City always included with anything FFP or P&S!

How about the clubs who are punished i.e Everton, Wolves, Forrest, United, deal with their own financial cheating instead of always looking to blame city. Clear agenda here to take the spotlight off their own failings.

 

[The Light Was Yellow Sir]

Only in this country could we have a league which is the most watched, most wanted to play in, that sells its tv rights (home and away) for an absolute kings ransom, has matches like last nights football fest that will be talked about for years, actually trying to destroy itself. Madness is afoot.

 

[johnevans]

Agree. Posted the following on the 'Newcastle' thread this morning in response to 'X'/'Twitter' rollocks about Newcastle being stitched up by FFP, which one of our fellow Blues had quoted.

Substitute any other club of your choice with 'Newcastle' and you get the same thing..

=============================

Perhaps this (Newcastle) herbert might do some research and check up on the history behind all of this FFP guff.

He might find, for example, articles such as the one on the ESPN news page of 7 February 2013 (i.e. ELEVEN years ago) which included the following in its report:


"Premier League clubs have voted in favour of introducing a Financial Fair Play deal and restrictions on wages.

Representatives of the clubs first met in December to discuss proposals on a new system obliging teams to break even, as well as imposing some sort of cap on wages. The clubs agreed to reconvene on Thursday with 13 votes out of 20 needed to accept the proposals.

Chelsea, Arsenal, Manchester United, Tottenham, Liverpool, Everton and Newcastle were all expected to back the new plans, while Manchester City, Fulham, West Brom and Aston Villa were expected to vote against.

In actual fact, the vote for the financial regulations could hardly have been closer - as six were against with Reading abstaining. It meant that the 'yes' vote only narrowly achieved the necessary two-thirds majority of the 19 votes cast.

Clubs sources say Fulham, West Brom, Manchester City, Aston Villa, Swansea and Southampton all voted against.

Chelsea, who had initially been viewed as opponents of financial fair play regulations, voted in favour."


Said herbert might also research the pages of our own, beloved Bluemoon Forum to find reactions to the above Premier League vote which warned of the consequences of this development for English football, all in some considerable, prescient detail.

Oh and finally, the said herbert might usefully spend time reorganising the following to make a well known phrase and saying:

'For. Turkeys. Christmas. Voting.'

 

[Dribble]

Yes, I know. I was just questioning this part of your post:


It seems to me it is the opposite. They are investing outwardly into Europe, Africa, the Americas and Asia as a way of diversifying their oil-based economy.

Maybe that is what you meant?

I think you're getting a little mixed up & already know the answer which you've looked up because you mentioned Europe & Africa first? \0/

It was the UAE's intention to attract inward investment opportunities to their global investment portfolio to be managed alongside its sovereign wealth fund, underpinned by its oil wealth, as a way of diversifying away from its oil based economy.

This is partly what attracted Sheikh Mansour to buy a PL Footbal Club.

In the 90s/2000s Abu Dhabi realised the need to diversify, so they chose financial, banking & investment portfolio management as a way to attract inward investors, to whom they'd offer a full suite of financial services which they'd manage, underpinned by UK Law.

They were struggling to attract that inward investment regardless of the vast amounts of monies they paid marketing & advertising firms to promote them as a safe, credible, responsible investment opportiny for individuals, corporate entities & governments who could attain generous returns on their investments. A Switzerland in the Desert if you wish.

Circa 2007, the idea was floated to Abu Dhabi to prove their global finance capabilities by buying a sports franchise & turning it into a massive business success, which would not only prove how business savvy they were, but promote Abu Dhabi as a credible place to entrust with global investment funds in the process.

Roman Abramovich was cited as an example of someone who was relatively unknown until he bought Chelsea & turned them into a global football superpower.

Convinced, financial fixer Amanda Staveley was appointed to find a suitable PL Club, & the search began with Arsenal, moved onto Newcastle, then Everton & ended up at Manchester City who Sheikh Mansour purchased to achieve this aim.

It proved to be a masterstroke, which succeeded beyond all expectations. I recall a report on how pleasantly surprised Abu Dhabi were when they attended a major global finance convention, where most in attendance were fascinated by the Manchester City story, & subsequent events first & investment opportunities second.

Manchester City essentially put Abu Dhabi on the global finance map as somewhere to safely invest your money, which would be expertly managed, giving fantastic ROI's. Being part of an investment consortium who bailed out Barclays after the global crash of 2008, further enhanced our business savvy status.

The pimple you keep picking at is the UAE's inward investment offerings to invest in UAE specific projects? The answer's not specifically or limited to, & after our last exchange I don't wish to get embroiled in more nitpicking of irrelevant minutiae, whilst you completely ignore the bigger picture.

I'm pretty sure you've already swotted up on the following, but here they are again for citation purposes. Knock yourself out. ¯⁠\⁠_⁠(⁠⊙⁠_⁠ʖ⁠⊙⁠)⁠_⁠/⁠¯

https://www.eia.gov.ae/

https://www.adgm.com/setting-up/investment-banking/overview

https://www.theguardian.com/business/2009/jan/25/amanda-staveley-barclays-manchester-city

https://www.independent.co.uk/news/...s-probed-over-ps7bn-arab-bailout-7982699.html

 

[The Stockport Iniesta]

Only in this country could we have a league which is the most watched, most wanted to play in, that sells its tv rights (home and away) for an absolute kings ransom, has matches like last nights football fest that will be talked about for years, actually trying to destroy itself. Madness is afoot.

I was thinking about this before, it's absolutely crazy what the league is doing to itself. All at the behest of 3 or 4 clubs.