PL charge City for alleged breaches of financial rules

[halfcenturyup]

Who is he?

He is .... The Blue Knight.

 

[LeonardoDaVnci]

Apologies for double posting, I put this in the Transfer thread but think it may be of interest in here...

At the time of the last update to the PL regs I thought the reaction was purposely under played in the MSM. They really were commercailly draconian. The regs now state that no matter what each club negotiates for a partnership agreement, transfer fee, loan fee or sponsorship fund the PL will have the power to completely over ride that value and force you to re-adjust your recorded accounts accordingly. They also said that the rules will not be enforced in a blanket fashion but only where the PL "determines" them necessary, primarily meaning us. What baffles me is what are you supposed to do with any surplus money, eg if the PL "value" THB at £10M but Southampton paid us £20M wtf are we meant to do with the £10M surplus ? donate it to the Richard Masters pension fund maybe ?.

 

[Gesario]

Read the warning at the start..very funny

That’s brilliant

 

[halfcenturyup]

Apologies for double posting, I put this in the Transfer thread but think it may be of interest in here...

At the time of the last update to the PL regs I thought the reaction was purposely under played in the MSM. They really were commercailly draconian. The regs now state that no matter what each club negotiates for a partnership agreement, transfer fee, loan fee or sponsorship fund the PL will have the power to completely over ride that value and force you to re-adjust your recorded accounts accordingly. They also said that the rules will not be enforced in a blanket fashion but only where the PL "determines" them necessary, primarily meaning us. What baffles me is what are you supposed to do with any surplus money, eg if the PL "value" THB at £10M but Southampton paid us £20M wtf are we meant to do with the £10M surplus ? donate it to the Richard Masters pension fund maybe ?.

Return it.

It's ridiculous and those rules will be thrown out when challenged, I imagine.

 

[Kinkys Left Foot]

Apologies for double posting, I put this in the Transfer thread but think it may be of interest in here...

At the time of the last update to the PL regs I thought the reaction was purposely under played in the MSM. They really were commercailly draconian. The regs now state that no matter what each club negotiates for a partnership agreement, transfer fee, loan fee or sponsorship fund the PL will have the power to completely over ride that value and force you to re-adjust your recorded accounts accordingly. They also said that the rules will not be enforced in a blanket fashion but only where the PL "determines" them necessary, primarily meaning us. What baffles me is what are you supposed to do with any surplus money, eg if the PL "value" THB at £10M but Southampton paid us £20M wtf are we meant to do with the £10M surplus ? donate it to the Richard Masters pension fund maybe ?.

One for the contract lawyers.

They have considered the consideration and considered that consideration excessive consideration in effect then insisting the parties reconsider that consideration to what amount they consider that consideration to be.

Easy.

 

[bobbyowenquiff]

Read the warning at the start..very funny

Very true though. The whole concept of "sportswashing" was fabricated by human rights groups for PR purposes. There is no such thing as "sportswashing." The Saudis promote boxing events for the same reason as everyone else. They need to make money, not least because the oil revenues are running out. Sheikh Mansour has made huge profits on his investments in MCFC and the City of Manchester. He wants to make profit like everyone else.
It is a racist narrative from the racist UK media which promotes the idea that Arabic people only invest because they want to hide their alleged human rights abuses. It is sickening for the UK media to take the moral high ground when you consider the UK's history of poor human rights going back centuries.

 

[Ashton Moss Messi]

One for the contract lawyers.

They have considered the consideration and considered that consideration excessive consideration in effect then insisting the parties reconsider that consideration to what amount they consider that consideration to be.

Easy.

I consider your thoughts well considered. Considering.

 

[Prestwich_Blue]

Apologies for double posting, I put this in the Transfer thread but think it may be of interest in here...

At the time of the last update to the PL regs I thought the reaction was purposely under played in the MSM. They really were commercailly draconian. The regs now state that no matter what each club negotiates for a partnership agreement, transfer fee, loan fee or sponsorship fund the PL will have the power to completely over ride that value and force you to re-adjust your recorded accounts accordingly. They also said that the rules will not be enforced in a blanket fashion but only where the PL "determines" them necessary, primarily meaning us. What baffles me is what are you supposed to do with any surplus money, eg if the PL "value" THB at £10M but Southampton paid us £20M wtf are we meant to do with the £10M surplus ? donate it to the Richard Masters pension fund maybe ?.

The way it works with FFP is that you can keep the £20m cash but have to deduct the £10m from your revenue. So you can only claim £10m. That's also the case under PL rules, where a deal that's been concluded without approval is deemed to be overvalued. If you submit a proposed deal that is deemed to be overvalued then I believe the PL can force the club to renegotiate it to the lower value.

I believe the current rules we're challenging require that any APT has to be commensurate with two other proposed deals you've obtained "quotes" for from non-associated parties. That's complete nonsense. It's saying that if we want to do a new deal with Etihad, we have to get comparable quotes from BA and Delta.

 

[BringBackSwales]

I consider your thoughts well considered. Considering.

That’s considerably considerate of you

 

[KS55]

Apologies for double posting, I put this in the Transfer thread but think it may be of interest in here...

At the time of the last update to the PL regs I thought the reaction was purposely under played in the MSM. They really were commercailly draconian. The regs now state that no matter what each club negotiates for a partnership agreement, transfer fee, loan fee or sponsorship fund the PL will have the power to completely over ride that value and force you to re-adjust your recorded accounts accordingly. They also said that the rules will not be enforced in a blanket fashion but only where the PL "determines" them necessary, primarily meaning us. What baffles me is what are you supposed to do with any surplus money, eg if the PL "value" THB at £10M but Southampton paid us £20M wtf are we meant to do with the £10M surplus ? donate it to the Richard Masters pension fund maybe ?.

Presumably the redshirts do the “determination”. Fred Karno’s. Who on earth could think this worthy of the PL? Surely it is discriminatory, either all or nothing would be fairer but still bonkers.