Hopefully this will cheer you all up!
I have done some analysis of the PSR case based on the information provided by Rui Pinto and Der Speigel, here:
Since the sanctions imposed on Chelsea owner Roman Abramovich, links between English football clubs and authoritarian states have been in the spotlight. Internal documents show that Manchester City has received funding from a government agency in Abu Dhabi.
www.spiegel.de
Der Spiegel released the above information two months after City were charged, with the aim of driving the nail in the coffin, but their evidence really sucks and their analysis of it is just naive.
Firstly from reading the PDFs of the documents they share to download (RM.pdf, ADUG,pdf and FFP.pdf), I am pretty certain City haven't actually done anything wrong and should be cleared of all charges.
Allegation 1 is complicated to understand, but the evidence doesn't match what they are claiming at all and it just doesn't add up. A more logical explanation is the one I put forward. I might be wrong about this, but it makes sense to me, you might need to be an accountant to follow the argument though.
The other points I make should be a lot easier to follow.
I've done a worst case PSR calculation (Allegation 4), by going through City's accounts and adding it all up, and concluded that the sums would be:
2013-2016: -£108,113,000
2014-2017: -£75,263,000
2015-2018: -£66,157,000
The limit is -£105,000,000
In other words a minor breach of PSR in the first period of £3million (c.f. Everton £19m & Forest £30m).
Remember, this is if we have done everything they have accused us of and our combined sponsorship deals are re-valued at the Thomas Cook rate (£2m) that we had way back before the Eithad deal. Valuing the deals at say £3.1m or higher means City don't break PSR at all.
How could the Premier League have got this so wrong? Well, we know they rushed it all through, and I don't think they considered that City can adjust their earnings (AEBT) by the depreciation on the building of the Etihad Campus. This completely destroys their case.
Summary: Overview of the Allegations
A Deep Dive into Der Spiegel's Misguided Allegations On April 7th, 2022, Der Spiegel published an article aimed at substantiating the claims against Manchester City, drawing on a collection of redacted emails and scanned documents as their primary evidence. However, after closely examining the...
mancitystuff.co.uk
Allegation 1 Analysis : Inflated Sponsorship
Part 1 - Financial Issues This section references the downloadable files found on this article at Der Spiegel - HERE In the complex and secretive world of football finance, discerning truth from manipulation is no easy task. The case surrounding Manchester City and the emails leaked by Rui...
mancitystuff.co.uk
Allegation 2 Analysis : Mancini and Toure
This section references the downloadable files found on this article at Der Spiegel – HERE Preamble In the murky world of leaked documents and high-stakes legal battles, it's hard to discern what's authentic and what isn't. UEFA, in its case before the Court of Arbitration for Sport (CAS)...
mancitystuff.co.uk
Allegation 3 Analysis : FFP - The Own Goal
In the intricate landscape of football regulations, one of the key charges against Manchester City revolves around the allegations made by the Premier League is that the club breached UEFA’s Financial Fair Play (FFP) rules for three consecutive seasons. However, this charge by the Premier League...
mancitystuff.co.uk
Allegation 4 Analysis : It simply doesn't add up
A proper look at how the numbers add up. In the intricate web of football finance, where numbers and figures can often be as slippery as the pitches the players compete on, the case against Manchester City and the financial practices under scrutiny require a deep dive into the club's financials...
mancitystuff.co.uk
I've also got a video that I have put together showing how the Premier League have altered their statement on 06 feb 2023 multple times since and a few other points about this. I need time to finish them off. I will rpeort back when they are live!
