PL charge City for alleged breaches of financial rules

[dadnlad]

The independent football regulator is our best chance of a fair crack of the whip in the long run. There's a reason we are for it, and the others aren't.

our owner dont see what a shit show of running the country their doing

 

[supercity88]

That's a salient point about changing the rules. Fundamentally even the basic principle of FFP / PSR is nonsensical to me. For example, imagine Asda being penalised for spending too much. If Asda loses money, so what?.

But to specify arbitrary amounts which can be lost over arbitrary periods or to alter the "rules" (EUFA FFP 2014) exposes FFP as the artificial and meaningless charade it is.

It keeps accountants and lawyers employed I suppose. But really the whole shitshow needs to be scrapped.

The idea of ensuring clubs don't go bust is a sound one. But the rules don't do that and it was never about that in the first place. It was a great marketing ploy to bring in rules that helped those clubs with high existing revenue to remain ahead of the rest.

Clubs like Everton probably felt they protected their league position with the rules as well, not foreseeing the number of new owners that would be attracted to the cash cow over the following decade.

They've been poorly run but a points deduction is much more likely to contribute to the football club going bust than them spending their owners money.

Whilst the red shirts spiral into debt with no punishment, a club with all the money of Newcastle and no risk of going bust is the one restricted. Mental.

 

[bobbyowenquiff]

The Daniel Levy masterplan lol. Where not competing for trophies, and seeing your best player in a generation fuck off abroad because of a lack of ambition is now to be applauded.

Hilarious article. Apparently Spurs are leading the way because they have signed Timo Verner on loan. Daniel Levy the genius is at it again.

 

[The Stockport Iniesta]

our owner dont see what a shit show of running the country their doing

Not sure what you mean? The regulator will be independent, it won't be stuffed with failed tory politicians, if that's who you think will be running it.

 

[The Stockport Iniesta]

Hilarious article. Apparently Spurs are leading the way because they have signed Timo Verner on loan. Daniel Levy the genius is at it again.

I was going to have a pop at the Werner signing, then I realised we have them in the cup next game. Don't want to put the mockers on it.

 

[supercity88]

They are and they aren't. Everton knew what the rules were and carried on spending even when they knew they were going to be in trouble by doing so. As you say, entirely their own fault and no one should have any sympathy with them.

The problem is that applying a 10-point deduction mid-season is an issue, both in terms of the timing and severity. The commission made the rather ridiculous point that a financial penalty was inappropriate because they had a rich owner. That shouldn't count in applying an appropriate sanction.

They also said that a points deduction was appropriate because their excessive spending could have resulted in them accumulating extra points they might not otherwise have got if they'd restricted their spending within acceptable limits. You can see some logic behind that but then united have spent loads and under-performed whereas Brighton haven't spent loads and have over-performed. So spending more does not necessarily equate to accumulating more points.

The main problem with any system based on historical profit or loss is that it doesn't really give you a meaningful insight into a club's financial position. United needed investment because they were burning through cash. Without Ratcliffe's money, they might well have run out of cash by Easter. Hard questions should be asked about their liabilities, and how they're going to meet them. And the same applies to every other club.

The historic basis of PSR is also questionable. If club A reports a loss of £75m in year T-2, a £40m loss in year T-1, and a £20m profit in year T, while club B reported the other way round (£20m profit in year T-2, £40m loss in T-1 and a £75m loss in year T) they'll both pass PSR in theory. But which one would ring alarm bells?

What concerned me in the written statement by the PL panel on Everton is that they dismissed all of the mitigation put forward yet still determined a points deduction was warranted. Everton arguments appeared to be quite weak, suggesting covid was an issue (when there had already been mitigation for that) and player sales were impacted as a result, which the PL said was weak because values were on paper and shouldn't be relied upon as achievable. They essentially compared it to running a business and suggested Everton shouldn't be relying on anticipated revenue.

Okay, understandable, but to then say a point deduction is necessary because that extra expenditure likely led to obtaining more points in a previous season seems a stretch, if you apply the same logic.

Everton's case at appeal should state the same logic back and say there's no direct link between expenditure and points. There's a swamp in Trafford they could use as a case study.

 

[bennyboy]

Hilarious article. Apparently Spurs are leading the way because they have signed Timo Verner on loan. Daniel Levy the genius is at it again.

Leading the way.5th in a league they have not won.Knocked out in one cup they last won in 2008.Last won FA Cup in 1991.
Aye they are leading the way.lol.

 

[LesBleuMiserable]

I was going to have a pop at the Werner signing, then I realised we have them in the cup next game. Don't want to put the mockers on it.

Wait till we lose 1-0! 80 per cent possession, 21 shots on target, against one counter attack and one goal!

 

[eyalluvitt]

Good to see that prick Simon Jordan making a fool oh himself again on Talkshite suggesting that Barada decision to join United my that he knows what is coming regards City 115 Premier League charges. But not realising he was in charge of City's sponseship during the alleged period, before Jim Shite informed of this and good old Graham Souness suggested if United had done their due diligence on him may more likely to suggest his and City's are in the clear ! What complete bell end Jordon is !

So if Fred West had moved next door just before the cops dug up his patio , he would still be a free man excavating a pool at Simon’s Algarve mansion using Steve Bruce’s face?

 

[jimmygrimblesboots]

The delay is not doing anyone any favours and even more so for us.

We won a magnificent treble yet it was in the eyes of some tainted because of this witch hunt.

It needs sorting and very quickly.

Unfortunately our magnificent achievement will always be tainted , it was the only way the Rags and Dippers could fight back , with their off the field antics because we have totally outclassed them for a decade or more on the field