PL charge City for alleged breaches of financial rules

[Quilted]

 

[halfcenturyup]

this is what is hilarious to me, in terms of the deals that these people do city are small fry, the idea that they would risk their reputation just to help city out for a few million the very idea is ludicrous

The premise of the Etihad funding allegation is just so stupid. They are saying that Mansour is so close to the owners of Etihad that he can tell them to fraudulently account for monies received from him and monies paid to City in a scheme that involves lying to auditors, to corporate governance bodies and, presumably their own directors and shareholders. Why on God's green earth would he do that? If he is so influential, he could just tell Etihad's owners to put an extra 60 million a year funding in to cover it. Why didn't he just do that? There is a huge contradiction in the PL's two positions unless they think Mansour and his advisors are all idiots.

And, even if they truly believe that, then at the end of the day, if it is all at fair value, what does it matter to the true and fair view given by the accounts? The answer imo is nothing, because we aren't funding an unlimited supply of widgets here to inflate revenue. We are talking about a single, unique revenue stream that would be sold at fair value to some other entity if not Etihad. That is the whole definition of fair value. What the PL is saying is absurd. The idea that the accounts would give a true and fair view by taking 60 million a year out of revenue, even if it was funded by Mansour, is ridiculous. Any investor looking at the accounts would add that 60 million right back to income to make their calculations of future earnings. I can't emphasise too strongly how stupid the PL's position is from an accounting viewpoint.

Having said that, it's all in my humble, if strongly held, opinion, of course.

 

[GaudinoMotors]

I try to not let this stuff effect me and I guess it doesn't most of the time.
But the fact that rags got a 75million helping hand from the pl. A PL were they vetted Masters who has now help them avoid ffp failure.
Everton, forest, Leicester failed ffp, Newcastle, villa sailing close to ffp. Yet rags the rules are changed and allowed to be 75million over ffp.

The pl stinks I believe City are 100% innocent and I believe that doesn't matter and City will be found guilty. The pl is so bent.
What puzzles me is why the clubs that are being screwed by the pl aren't getting together.

I know people will tell me it's the King's Council, but our justice system is full of wrong full convictions.

I trust City, CAS proved City had done nothing wrong.

Agree - the problem is all the micro, vested interests and petty jealousies that those outside of the 3 red clubs running the league, can't put aside and see what's really going on. It's absolutely baffling, but the divide and rule strategy employed by the red 3 and the Pl, works v well for them.

 

[uwe rosler 28]

I'm actually at the point in thinking this was nothing but a targeted smearing campaign that was hoped would make pep walk away potential targets snub us and damage us in title campaigns. All run and paid for by the cartel.

 

[Matt Diablo]

I twist and turn on this whole debacle.

Ive mentioned before that i was in the company of someone who is deeply involved , on a city level, with the legal side and he was totally bullish and reassuring that we will win.
But the. I swing to ,’if its all bullshit how have the prem got this so very wrong in going after their best club , a founder member, so aggressively, if they werent sure they had a cast iron case!!

I guess we will soon know

Coz they have already achieved regardless all of the lemmings believing we have cheated whatever the outcome. Desperate shit really but when you see how some of these scumbags run their clubs it's not biggest surprise is it . . .

 

[Matt Diablo]

City cleared in January the day later pep signs a 3 yr contract extension. The boiling piss will be flying all over

Happy New Year!

 

[Bald fraud]

We’d win the championship in half a season then rear our ugly, cheating heads back up in the PL next season ;-)

No chance! If they win they’ll make sure we never come back

 

[GaudinoMotors]

Not like Domino's to throw salt on things.

 

[Bluesince1979]

Doesnt even make sense does it. Paddy power they are not!

 

[Citizen Green]

City cleared in January the day later pep signs a 3 yr contract extension. The boiling piss will be flying all over

Day later

Der Speigel:

THE SWALES YEARS - Was City's rise to power funded by non-declared gate-receipts v Charlton Athletic in 1985, leaks from whistle blower Omar Berrada reveal all.