PL charge City for alleged breaches of financial rules

[Keeper!]

Its going to be a long 10 weeks reading some of these headlines on social media.

All regurgitated going round and round in a circle

Here are some of the punishments Man City could face
Here are the 115 charges explained
City players agents exploring options in case of relegation

10 weeks?

More like 10 months before the verdict and even then the possibility/probability on an appeal from both sides.

 

[Keeper!]

Fair and decent podcast here

 

[HelloCity]

Imagine the PL telling their US broadcasting partners they were throwing City out of the league - the US’s most watched team.

 

[Keeper!]

Clearly the hearing, with the examination and cross-examination of witnesses, is key to the outcome. That's why the more I think about it, I'm a little dubious about this alleged offer of a 6-point deduction (although I'm confident that some sort of settlement approach was made).

The PL would have to be very confident about their case, and the sort of penalty that might be imposed if so, to see a 6-point deduction as a 'generous' offer. I'd see that more as Masters potentially trying to keep the cartel onside. "Look guys, I made a decent offer but they weren't having it".

"clear and irrefutable evidence"

If that's the case it would be impossible for us to take any offer of a punishment without losing all credibility pre trial.

 

[Cobwebcat]

Let's remember that it's really only 3 substantive issues, not 115.

They'd be looking at a points deduction only if they felt our revenue was overstated, or expenses understated, to a point that we'd have failed PSR had they not been. That scenario would put us in the same sort of position as Everton.

The Mancini contract isn't enough to do that, plus there were no financial rules in place at the time as they were only introduced in 2013/14. I very much doubt Fordham would be enough to push us over as we're only talking about probably £13m a season.

So it's the Etihad contract, which we can only assume they're taking the same line as UEFA on, in that the majority wasn't paid by Etihad. But having looked at the figures, even if we're talking about Etihad etc being overstated by £60m a season, I'm dubious as to how we'd have failed the PL's profit and sustainability rules, which allow an aggregate loss of £105m over a 3-year period.

We reported an aggregate net profit of £7m over the first three years of the PL's rules. Adding back a minimum of £75m in allowable expenditure over those 3 years gives an adjusted net profit of over £80m meaning we'd have to have overstated our profit by £200m over those 3 years to have fallen foul of PSR enough to warrant a 6-point penalty.

Therefore you could potentially see the logic in the PL's offer of a 6-point deduction if they think we've significantly overstated sponsorship revenue. But we haven't done that, as CAS proved.

If that 6 point deduction offer is true I’m amazed City didn’t take it. If we have say a 30% chance of relegation, given that even the most slam dunk of cases has only around a 70% chance of winning, why take the chance?

 

[Cobwebcat]

Fair and decent podcast here

I thought that too. Misleading headline.

 

[Alan Harper's Tash]

Its going to be a long 10 weeks reading some of these headlines on social media.

All regurgitated going round and round in a circle

Here are some of the punishments Man City could face
Here are the 115 charges explained
City players agents exploring options in case of relegation

They’re quite easy to either ignore or not get worked up by these days. After all, we’ve had a decade to create our personal defence mechanisms against them.

There simply isn’t enough information in the public domain to be certain about anything.

We can try to piece together what we think the PL case is and look at how CAS dealt with that case, but ultimately, we’re mostly in the dark until the verdict is reached.

Although, there could be a competition created to find the most outlandish punishment mooted by click baiting journalism in the meantime.

 

[Champions again in 2012]

Its going to be a long 10 weeks reading some of these headlines on social media.

All regurgitated going round and round in a circle

Here are some of the punishments Man City could face
Here are the 115 charges explained
City players agents exploring options in case of relegation

Being on here reminds me of 2 Bill Murray films - Groundhog Day and Lost in Translation. I am sure that events in the wider social media platforms are no different but as I go out of my way to avoid them I can't be 100% certain.

 

[cheekybids]

Let's remember that it's really only 3 substantive issues, not 115.

They'd be looking at a points deduction only if they felt our revenue was overstated, or expenses understated, to a point that we'd have failed PSR had they not been. That scenario would put us in the same sort of position as Everton.

The Mancini contract isn't enough to do that, plus there were no financial rules in place at the time as they were only introduced in 2013/14. I very much doubt Fordham would be enough to push us over as we're only talking about probably £13m a season.

So it's the Etihad contract, which we can only assume they're taking the same line as UEFA on, in that the majority wasn't paid by Etihad. But having looked at the figures, even if we're talking about Etihad etc being overstated by £60m a season, I'm dubious as to how we'd have failed the PL's profit and sustainability rules, which allow an aggregate loss of £105m over a 3-year period.

We reported an aggregate net profit of £7m over the first three years of the PL's rules. Adding back a minimum of £75m in allowable expenditure over those 3 years gives an adjusted net profit of over £80m meaning we'd have to have overstated our profit by £200m over those 3 years to have fallen foul of PSR enough to warrant a 6-point penalty.

Therefore you could potentially see the logic in the PL's offer of a 6-point deduction if they think we've significantly overstated sponsorship revenue. But we haven't done that, as CAS proved.

Just remember at £5k per hour it needs dragging out.

 

[TueartsCossackSpray]

so everyone can see who the wankers are and what we’re up against