PL charge City for alleged breaches of financial rules

[malg]

I doubt very much the club regret the 2014 settlement. As Stefan pointed out, the club settled for purely commercial reasons, which is normal practice when the alternative is a messy and protracted process of which the outcome is far from certain.

So, a bit like Michael Jackson then?

 

[cookster]

Delooney is a revisionist idiot.

 

[Scaley]

Finally gave up on it last year

Apparently it was City’s fault.

 

[waspish]

So these owners can take a hit and self fund it to keep the club going in the right direction. Ffp doesnt allow this.

Ffp is to stop this investment and could put the club out of business. All the time a club with a billion debt can carry on as normal and doesnt have to reduce the debt.

Yep and some clubs just now are waking up to it!

 

[Iassel]

What does that mean?

Having managed the listing of a company, I can assure you it’s a fucking nightmare from a regulatory and compliance standpoint. Audited to death and we had to provide a reporting pack the thickness of the yellow pages detailing the ins and outs of the business.

As Stefan says, putting yourself through the regulatory quagmire of going public is not the actions of a company who thinks they’ve been doing anything dodgy.

The club clearly regret the 2014 settlement. They'll fight this to the end. They know they have no choice.

I highly doubt they do, it was the right decision at the time, and if this case could be made to go away forever with a small fine I have no doubt City would snap the PLs hand off to do it.

 

[bluenova]

Can he explain how being state owned would enable you to circumvent ffp?

Obviously a lot of people genuinely believe the unlimited/shoestring argument for Pep/Klopp, which is nonsense.

There was even an article in The Athletic the other day which was about past three team title races. It quoted the Capology estimates for wages, and casually dropped in that Liverpool's wage bill of "£130m" showed just how well Klopp was doing competing with Pep. Only the day before Liverpool's accounts had been reported everywhere (including The Athletic), showing a wage bill not far off £400m, but plenty see the estimates around and choose to believe them.

While I don't buy that we've had an actual major cash advantage over Liverpool, I do think we benefit from our owners/directors position in the UAE, and that's helped put us in the same financial ballpark as Liverpool and United.

Anyone who looks at our sponsors can see that we have an advantage in attracting other UAE linked firms, which an individual billionaire owner or private equity company wouldn't have to anything like the same degree. You could argue that circumvents FFP, but then you could argue that it's a similar advantage to having been successful forty years ago and so having more company "decision makers" that are fans of your club. Neither are much to do with your performance on the pitch today.

 

[Betterdeedthan red]

Gave my season ticket up last year. Just couldn't be arsed any more. Time for someone younger to use the ticket and get the 'buzz'.

Yeah.
I don't really know how I feel knowing tomorrow will be the last derby I go too

 

[Gone for a Burton]

Having managed the listing of a company, I can assure you it’s a fucking nightmare from a regulatory and compliance standpoint. Audited to death and we had to provide a reporting pack the thickness of the yellow pages detailing the ins and outs of the business.

As Stefan says, putting yourself through the regulatory quagmire of going public is not the actions of a company who thinks they’ve been doing anything dodgy.


I highly doubt they do, it was the right decision at the time, and if this case could be made to go away forever with a small fine I have no doubt City would snap the PLs hand off to do it.

History is written by the victors.....I feel, and hope, that City have the last public word !!

 

[halfcenturyup]

Obviously a lot of people genuinely believe the unlimited/shoestring argument for Pep/Klopp, which is nonsense.

There was even an article in The Athletic the other day which was about past three team title races. It quoted the Capology estimates for wages, and casually dropped in that Liverpool's wage bill of "£130m" showed just how well Klopp was doing competing with Pep. Only the day before Liverpool's accounts had been reported everywhere (including The Athletic), showing a wage bill not far off £400m, but plenty see the estimates around and choose to believe them.

While I don't buy that we've had an actual major cash advantage over Liverpool, I do think we benefit from our owners/directors position in the UAE, and that's helped put us in the same financial ballpark as Liverpool and United.

Anyone who looks at our sponsors can see that we have an advantage in attracting other UAE linked firms, which an individual billionaire owner or private equity company wouldn't have to anything like the same degree. You could argue that circumvents FFP, but then you could argue that it's a similar advantage to having been successful forty years ago and so having more company "decision makers" that are fans of your club. Neither are much to do with your performance on the pitch today.

Your point about sponsorship is valid and it is one I have said before made me uneasy at first, being English and liking fair play and equality and all that shit. But then I remembered the advantages the other leading clubs exploited remorselessly when they had the chance, and any sympathy evaporates. It's just a fact that our Dad is bigger than their Dad now.

They have to suck it up now, stop spending all their time trying to stop us and actually improve themselves to compete better.

 

[give it to gordon]

Where does this £45m stem from and how is it different to Everton’s £19m ? Is it a like for like comparison . Bloody shameful / disgusting if it is !

Different organisations.

Everton failed the pl ffp

Utd failed UEFA ffp

Everton punishment 10 points deducted

Rags punishment 300k (less than Rashford one week pay ! )