PL charge City for alleged breaches of financial rules

[slbsn]

I know you're probably bored to the back teeth of the same repetitive questions so I shall apologise in advance.
To me, a normal fan looking from the outside in, we're being accused of false figures in sponsorship deals and monies in general about the club, correct?

To me that is fraud is it not? What I'm failing to join together is that if the Premier League are accusing us of it and they seem cocksure we are fiddling about figures, why aren't the relevant authorities acting on it?

And I've just realised your username is projectriver. I've always read it as projectdriver.

My bad. :)

These things are rarely straightforward. If the matters were proven it may well be that other authorities would involve themselves because in City's words at CAS: "The allegations made by the CFCB in these proceedings are serious and based on fraud and conspiracy involving MCFC, ADUG and the sponsors Etisalat and Etihad." Therefore, if proven, City would clearly have an issue.

It really isn't a debate that this is what the allegations amount to given that City said this themselves. For CAS' part they said:

"UEFA’s theory would also mean that not only MCFC lied to The FA and UEFA, but also that accountancy firms such as BDO, Deloitte, Ernst & Young and AlixPartners that all examined accounts of one or more entities involved were all misled."

So again, if proven, very serious. Not hyperbolic and not my words.

It doesn't really confirm anything that no other authorities (that we know of) have taken action. They can wait and see.

 

[gordondaviesmoustache]

I'm quite happy to die on this one in defence of Manchester City Football Club.

Enjoy your day.

Just finished for the day, after starting at 10am, so I will. Thanks.

 

[Bozzie]

It must be him, he had Boris type hair but very blonde and a swagger that he could carry off without embarrassment. I have to say he was very good at his job and all the pupils engaged with him, do you know if he’s still with us?

I haven't a clue tbh but he'd be well in his 80's I'd imagine. We only went because one of our friends was the daughter of another Tory councillor and because we could get pissed up on a Friday aged 16 in slightly more salubrious surroundings than Withington Rec.

 

[rabby]

But when they become good again they will change the rules again

Exactly,what we are seeing is a temporary fix being put in place to replace the last temporary fix,and when the trophy winning landscape changes accordingly another fix will be put in place.

 

[slbsn]

Because my club is apparently under mortal threat, & supposed City fanscare adding to the bullshit we're facing.

I'm a realist who likes to be told how things are. The crucial point always being avoided is:

No police. No HMRC. No SFO. No accusation of fraud. Nothing. Why?

Before we get dragged into the accounting & legal weeds, why not think laterally & seek answers to the above fundamentals first...

I've explained many times. Not all fraud is criminal. Not all allegations of fraud involve the SFO or HMRC - in this case City will have paid more tax (or reduced its deferred tax losses) so HMRC is probably a red herring anyway.

But there is not even a debate to be had about the nature of the allegations - in City's words at CAS: "The allegations made by the CFCB in these proceedings are serious and based on fraud and conspiracy involving MCFC, ADUG and the sponsors Etisalat and Etihad."

For CAS' part they said: "UEFA’s theory would also mean that not only MCFC lied to The FA and UEFA, but also that accountancy firms such as BDO, Deloitte, Ernst & Young and AlixPartners that all examined accounts of one or more entities involved were all misled."

So again, if proven, very serious. Not hyperbolic and not my words.

 

[Dribble]

If the accusation is where the sponsor got their money and the sponsor being based in UAE, would HMRC get involved?
If the accusation is the sponsor paid too much, would we actually be due a rebate?

This is EXACTLY where all this hyperbole is driving City fans insane, instead of pointing out a few crucial fundamentals.

To verify their accusations against City, the PL will need access to the accounts of companies based in the UAE. Fat chance of getting those!

Now someone mentioned part of City's non-cooperation breaches were, we were asked to get them for UEFA & we told them go get it themselves, as we've as much right as UEFA have to demand a foreign entity's detailed accounts & banks statements.

These obvious, but fundamental point keep being overlooked. Without access to these foreign accounts & bank statements, all UEFA & the PL have is supposition without any actual hard evidence.

Regarding the sponsors, when has anyone heard of HMRC complaining they've been paid too much tax? They've been made aware of the Der Spiegel allegations, but as yet we've not had our collar felt. Why haven't more people questioned why?

 

[CC1]

It's shite like this that opposition fans see and believe. Regardless of what happens we will be guilty in the eyes of the thicker element of the footballing community. I know it's utter shite, but it's utter shite that people believe.

View attachment 116750

Not clicking on it - but what is this “big update”

 

[M18CTID]

lol it really is pathetic isnt it, HMRC would never ever name or single out the club like those headlines say, but hey 4 games to go and the race is neck and neck, the next pile of shit on the eve of the FA Cup Final i think

No sure if I've got my wires crossed mate but if you're referring to the Daily Mail article that @Dribble posted, it's not a new article. It was from November 2018

 

[Lord Blue]

Just finished for the day, after starting at 10am, so I will. Thanks.

It's only 10.30am

i hate you

 

[dario2739]

I know it was mentioned by a poster back in February on another thread, but Shalke are deep in the shit and facing going out of business (there is an article on the BBC sport now. Whatever the German FFP rules are, it hasn't stopped them getting to this situation and their ownership model clearly isn't working for this club and it's reported that the fanbase is split about new investment.
They have an amazing fanbase and probably wouldn't want to admit how closely comparable we are but our new rules being proposed wouldn't save them either. Some clubs, it would appear, are just badly run - who would have thought it.

Let's face it, the "ownership model" only really works for one club - and I think the fact that Audi, Adidas and Allianz are part owners and put X amount of money in - as well as sponsoring themselves - helps!!!