PL charge City for alleged breaches of financial rules

Marvin. said:
The reason why Man Utd have not breached the Premier League's PSR requirement (£105m loss over 3 years) despite published losses of £330m over 3 years is now apparent (https://www.nytimes.com/athletic/6402367/2025/06/05/manchester-united-psr-red-football-limited/).

Utd's PSR accounting is based on their UK subsidiary Red Football Ltd which crucially does not include their takeover costs and full finance costs relating to the Glazer debt pile. Red Football's loss in 2023-24 was £36m, £95m less than their plc based in the Cayman Islands.

I feel that this breaks the spirit of the PSR rules if not the rules because the PSR test should surely reflect the entire costs of running the football club and Man Utd are not doing that. The Premier League and the BBC and the Football media know this. They make no comment on this. I regard this as farcical. I wonder what fans of clubs like Everton, Forest and Manchester City think about this.

Does anyone else find this highly questionable? How can the Premier League accept a set of accounts that do not entirely reflect the football-related activity of Man Utd?
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Anyone got the article so I dont have to sign up for NY Times please?
 
jacko74 said:
Surely if its that simple to circumvent the PSR rules, by having a subsidiary company witn seperate accounts, then all clubs, ourselves included, would be doing the same?
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I don’t think it’s simple. The corporate structure of the rags is extremely complicated and takes advantage of overseas registration. I saw a diagram of it once and I couldn’t unravel it, tho’ I did not try too hard. I think I’m right in saying that MUFC is just a certificate in an accountants drawer and does no transactions.
CFG by contrast is quite straightforward and is a registered British company. City is just a fully owned subsidiary, also a British registered company. Any work carried out by CFG on our behalf is documented and paid for by City.
And which of us is subject to a witch hunt claiming our accounts are false?
 
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KS55 said:
It is spirituality that is hard wired into humans as you demonstrate here. Religion is an offshoot invented by whomsoever and is often just a load of dogma, not spiritual at all.
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The potential for human consciousness is hard-wired into humans but its development is related to our environment and the technology we have developed. The hunter gatherers on the fields of Salisbury plain share our biology yet human consciousness has changed over the ages. We know that we are no longer the centre of the cosmos for a start. We know of our own evolution and our relationship with the natural world.
 
halfcenturyup said:
Not sure it makes much difference, tbh. The PL and UEFA can include other transactions in the reporting perimeter, if appropriate, I think. Transparency would be nice, though.
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You’re correct, and who decides what the reporting perimeter is?
 
halfcenturyup said:
Not sure it makes much difference, tbh. The PL and UEFA can include other transactions in the reporting perimeter, if appropriate, I think. Transparency would be nice, though.
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The PSR calculation should be made on the same basis for all clubs but Man Utd are sheltering their finance and legal costs offshore. If the PL can include these transactions, which they know about, then they should insists on it otherwise it makes a lottery of the rules.

For months I looked at Chelsea and Man Utd's losses and wondered how they were possibly compatible with PSR and it seems it's because the PL executive is regulating their activity very loosely indeed.
 
manimanc said:
I've said this for years.
The red mardarses get away with murder on and off the pitch.
It's as simple as that.

Compare it to us running the club professionally and carefully and being accused of being fraudulent in doing so.

Fuckin stinks to high heaven but they will never be charged.
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The rules should be changed.
 
manimanc said:
I've said this for years.
The red mardarses get away with murder on and off the pitch.
It's as simple as that.

Compare it to us running the club professionally and carefully and being accused of being fraudulent in doing so.

Fuckin stinks to high heaven but they will never be charged.
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Perhaps the pl should state that all clubs have to be registered in the UK and not in tax havens
 
Marvin. said:
The PSR calculation should be made on the same basis for all clubs but Man Utd are sheltering their finance and legal costs offshore. If the PL can include these transactions, which they know about, then they should insists on it otherwise it makes a lottery of the rules.

For months I looked at Chelsea and Man Utd's losses and wondered how they were possibly compatible with PSR and it seems it's because the PL executive is regulating their activity very loosely indeed.
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It raises some questions around transparency and consistency, but if the finance and legal costs are connected to shareholder activity, they shouldn't be in the football club's accounts anyway.
 
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