PL charge City for alleged breaches of financial rules

I still can’t fucking believe that there wasn’t any leaks. How come every detail around our club false or misleading gets leaked & yet this, not a fucking murmur in 10months.
To be fair to the PL, yep I said that, leading up to the charges we didn’t really know a lot of any detal.

I am not sure that when it come to PSR limits we hear much about anything from official sources what we tend to see is “ experts” who make a huge number of assumptions and when those assumptions don’t play out as expected those “ experts “ tend to join dots and sorry without detailed knowledge it tends to be a major guesswork game
 
Whereas accountants have us splitting our sides.

1. Welcome to the accounting department, where everybody counts.
2. A fine is a tax for doing wrong. A tax is a fine for doing well.
3. What do you call an accountant with an opinion? An auditor.
4. How does Santa’s accountant value his sleigh? The Net Present Value.
5. Why are accountants so cool, calm, and collected? They have strong internal controls.
6. What do you call a trial balance that does not balance? A late night.
7. What do accountants suffer from that ordinary people don’t? Depreciation.
8. They say that two things in life are unavoidable: death and taxes. At least death only happens once!
9. There are two steps to creating a successful accounting business: (1) Don’t tell them everything that you know. (2) [redacted]
10. For every tax problem encountered there is a solution that’s straightforward, uncomplicated, and wrong.

BoBoom.....
 
1. Welcome to the accounting department, where everybody counts.
2. A fine is a tax for doing wrong. A tax is a fine for doing well.
3. What do you call an accountant with an opinion? An auditor.
4. How does Santa’s accountant value his sleigh? The Net Present Value.
5. Why are accountants so cool, calm, and collected? They have strong internal controls.
6. What do you call a trial balance that does not balance? A late night.
7. What do accountants suffer from that ordinary people don’t? Depreciation.
8. They say that two things in life are unavoidable: death and taxes. At least death only happens once!
9. There are two steps to creating a successful accounting business: (1) Don’t tell them everything that you know. (2) [redacted]
10. For every tax problem encountered there is a solution that’s straightforward, uncomplicated, and wrong.

BoBoom.....
QED
An accountant is someone who knows the price of everything and the value of nothing.
 
I think it’s at least partly personal with these fuckers. They had a great little thing going, like a cosy, private club. United, Arsenal, Sky pundits, “Sir Alex” “Harry” etc. It was the best of days and they thought it would go on for ever. City came along and fucked it up for them and they genuinely despise us for it.
You only have to look at them all at the races and at united matches still all over Ferguson. Allardyce is the worst, makes you wonder how many matches his teams threw away when he was in charge. It's absolutely desperate behaviour.
 
I think they hate us even more that Pep is clearly a highly principled descent human being. So different to the majority that have gone before him in the PL.
 
QED
An accountant is someone who knows the price of everything and the value of nothing.


One day the phone rang at a law office and when the receptionist answered a man asked to speak to Mr. Dewey. “I’m sorry, sir,” the receptionist said. “Mr. Dewey passed away yesterday.” “Oh, is that right? Goodbye.” But everyday for the next two weeks the same man called back and the same exchange occurred. Finally, the receptionist said, “Sir, I have told you repeatedly that Mr. Dewey died, why do you keep calling and asking for him?” “Oh,” the man replied, “I just like to hear it.”

What’s black and brown and looks good on a lawyer? A doberman pinscher.

A man was sent to hell for his sins. As he was being led into the pits for an eternity of torment, he saw a lawyer passionately kissing a beautiful woman. “What a joke!” he said. “I have to roast in flames for all eternity and that lawyer gets to spend it with that beautiful woman.” Satan jabbed the man with his pitchfork and snarled, “Who are you to question that woman’s punishment?”

What’s the difference between a lawyer and a gigolo? A gigolo only screws one person at a time.

A man went to a lawyer and asked what his fee was. “$100 for three questions,” answered the lawyer. “Isn’t that a little steep?” said the man. “Yes,” said the lawyer. “Now, what’s your third question?”

What separates witnesses from the lowest form of life on earth? The wooden partitions around the witness stand.

How do you get a lawyer out of a tree? Cut the rope.

A rabbi, a Hindu, and a lawyer are in a car that breaks down in the countryside one evening. They walk to a nearby farm and the farmer tells them it’s too late for a tow truck but he has only two extra beds and one of them will have to sleep in the barn. The Hindu says, “I’m humble, I’ll sleep in the barn.” But minutes later he returns and knocks on the door and says, “There is a cow in the barn. It’s against my beliefs to sleep in the same building as a cow.” So the rabbi says, “It’s okay, I’ll sleep in the barn.” But soon, he is back knocking on the door as well, saying, “There is a pig in the barn, and I cannot shelter in a building with a pig.” So the lawyer is forced to sleep in the barn. Shortly, there is another knock on the door and the farmer sighs and answers it. It’s the pig and the cow.

A young lawyer, defending a businessman in a lawsuit, feared he was losing the case and asked his senior partner if he should send a box of cigars to the judge to curry favor. The senior partner was horrified. “The judge is an honorable man,” he said, “If you do that, I guarantee you’ll lose the case!” Eventually, the judge ruled in the young lawyers favor. “Aren’t you glad you didn’t send those cigars?” the senior partner asked. “Oh, I did send them,” the younger lawyer replied. “I just enclosed my opponents business card with them.”
 
One way round all this could be a review process in which UEFA, the PL etc when they see a return that gives them some concern, turn it over to an independent body to review. The review could recommend
i) nothing amiss
ii) not clear. Warn the club but do not take action.
iii) prima facie case. Consider formal action.
If this is done privately, consulting the club and asking for their comments, a lot of the public shenanigans could be avoided, leaving the game looking more sensible.
There's a more fundamental issue involved here. Getting back to basics, why can't an owner spend his/her/their own legally acquired money how they wish on their business?

Where the PL & UEFA should step in is if the owner loans money to the club & it's on the books as a repayable debt, or commercially borrows the money & levies the debt against the club, & it's at an unsustainable level which the club can't repay without the owner's wealth keeping the club afloat.

If the owner stands for this debt personally, what's the issue? What the PL & UEFA should also do is ensure annually that total club debt (outside of long-term infrastructure costs like a mortgage, but including repayment costs) shouldn't be more than 25% - 30% of the club's gross annual turnover.

This approach would encourage football investment & grow the brands involved, whilst protecting clubs against reckless, profligate owners willing to gamble a club's existence in pursuit of success.

What the PL & UEFA are doing isn't protecting the clubs from themselves or reckless owners, they're protecting the elite cartel clubs from outside competition, whilst stifling investment from ambitious, but responsible owners.

What flummoxes me is why the clubs in the chasing pack can't see the sense & nonsense in any of this? It's not like City haven't been warning them for the last decade...
 
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