PL charge City for alleged breaches of financial rules

[halfcenturyup]

I think it was more a case of all the UK assets being transferred into a CFG intermediate holding company to keep things simpler from a tax perspective. Investments in each country are put into individual intermediate holding companies with CFG as the umbrella over all of them.

You may be right (although I don't get the tax benefit), but, whatever happened, the capital of the new UK holding exactly equalled the cost of all the investments in CFG (it was a very precise number) which at that stage, I think, were all football-related assets.

 

[KS55]

In this country if you can afford it you absolutely do just that given the list of miscarriages of justice.

The risks are what determines the legal effort. Idiots who are saying City will be relegated are also questioning our need for a powerful legal team. Bonkers.

 

[eastmanc]

Did he explain exactly how football is suffering?

Er, no. Its one of his throw away soundbites. His has all his bases covered with this . On one hand he says City won't be found guilty and then on the other he says that we have a case to answer.

 

[LeonardoDaVnci]

City spending £300m on the stadium so obviously don't think there's a risk of being found guilty.
Rags appointing berrada as CEO so they don't think there is a risk of city being guilty.
Etihad opening the books for the world to see so they don't have anything to hide.

Only one way this is going.

And when the IR comes into place future CEOs of the PL will NEVER again be invited to the swamp or Klanfield for special cartel vetting interviews. Future Chairmen of the PL will NEVER again be self proclaimed life long season ticket holding rags. The strategic transfer of execs from the cartel clubs into "rule" forming parts of UEFA and FIFA will be treated with micro scrutiny by the IR.

 

[KS55]

That is nearly 3 times more than the stadium cost of 110m

Inflation is a wonderful thing.

 

[mcfcphil]

I am not so sure. My feeling is that the PL has to carry this through to the end. It would be organisational suicide not to. Even if Masters is removed, the PL will have to continue the process to its completion imho.

It's better (not by much in the current climate, granted) for the PL to fight and lose than to give up after a year of (effectively) tub-thumping.

It would be very easy statement to make, they can say enough to allow our detractors to continue saying we’re cheats while also saying they tried their best…

“The Premier League brought charges against Manchester City in relation to PSR regulations in December 2022 following an exhaustive fact-finding process.

“The Premier League stands by this decision, however it is now clear there is no realistic prospect of the process concluding with the charges being found proven, given the evidence and financial documentation available to the commission.

“The Premier League also recognises the negative impact this prolonged uncertainty is having on league itself, the wider football community and Manchester City.

“The Premier League has therefore chosen to discontinue all charges against Manchester City in this matter.”

 

[jrb]

ADQ has picked advisers including Citigroup Inc., HSBC Holdings Plc and First Abu Dhabi Bank for a potential initial public offering of hub carrier Etihad Airways PJSC, according to people familiar with the matter.

Rothschild & Co. is acting as an independent financial adviser to the Abu Dhabi wealth fund, the people said, asking not to be identified because the information isn’t public. ADQ may add more banks later, the people said.

Abu Dhabi Said to Tap Citi, HSBC and FAB for Etihad Airways IPO

ADQ has picked advisers including Citigroup Inc., HSBC Holdings Plc and First Abu Dhabi Bank for a potential initial public offering of hub carrier Etihad Airways PJSC, according to people familiar with the matter.

www.bloomberg.com

 

[KS55]

It would be very easy statement to make, they can say enough to allow our detractors to continue saying we’re cheats while also saying they tried their best…

“The Premier League brought charges against Manchester City in relation to PSR regulations in December 2022 following an exhaustive fact-finding process.

“The Premier League stands by this decision, however it is now clear there is no realistic prospect of the process concluding with the charges being found proven, given the evidence and financial documentation available to the commission.

“The Premier League also recognises the negative impact this prolonged uncertainty is having on league itself, the wider football community and Manchester City.

“The Premier League has therefore chosen to discontinue all charges against Manchester City in this matter.”

If pigs could fly…

 

[mcfcphil]

If pigs could fly…

Agreed, I didn’t say it was likely, only that it would be easy.

 

[halfcenturyup]

It would be very easy statement to make, they can say enough to allow our detractors to continue saying we’re cheats while also saying they tried their best…

“The Premier League brought charges against Manchester City in relation to PSR regulations in December 2022 following an exhaustive fact-finding process.

“The Premier League stands by this decision, however it is now clear there is no realistic prospect of the process concluding with the charges being found proven, given the evidence and financial documentation available to the commission.

“The Premier League also recognises the negative impact this prolonged uncertainty is having on league itself, the wider football community and Manchester City.

“The Premier League has therefore chosen to discontinue all charges against Manchester City in this matter.”

As I said, organisational suicide.
Easy to write, difficult to swallow.

We can agree to disagree if you like :)