PL charge City for alleged breaches of financial rules

[give it to gordon]

think they need to prove that 3rd party is the sheik for this to stick (as i understand it). without the sponsor opening the books ive no idea how they make the case without a whistleblower etc

Thought this had all be explained at CAS

 

[Gaz (FMwkdsoul)]

Thought this had all be explained at CAS

pretty much and now the PL wanna hear it with the rest.

 

[Norman kneejerk]

Essentially the contract was for £60m a year but we arranged cash payments from Etihad for more than that in three years. Harris added those payments up and let's say they came to £230m. He took that as evidence that the Etihad contract was therefore nearer £80m a year and that we'd underreported it as £60m in the accounts.

What he didn't understand was that if the contract was for £60m a year, then that's what we need to show in the accounts. The cash actually received is irrelevant.

He also didn't understand (or conveniently chose to ignore) that if the contract was for £60m a year over 10 years, we'd get an average of £60m a year but that could be paid in any way, with a lump sum upfront and a lower annual payment for example. So in the 'missing' 2014/15 year, we only received a small sum in cash, as we'd received higher payments in the other 3 years. In other words, it all balanced out over those years.

Ahhh got it, thanks vm

 

[JewelZee]

Why post shit from Football365 ?

Posting anything from 365 should get one banned on here for a minimum of a year...dead serious...

 

[gordondaviesmoustache]

8th, 9th or 10th pint?

Always the 10th, mate.

 

[M18CTID]

There's no way the PL would have offered us 6-10 points after being hit with over 115 charges. It surely would have had to have been significantly higher IMO.

Unless a settlement offer of 6-10 points covered only some of the lesser charges and the PL were conceding defeat on the more serious charges? Like you, I can’t see 6-10 points covering everything

 

[StillBluessinceHydeRoad]

This alleged offer from the PL of a six point deduction to end proceedings reminds me very much of Ceferin's offer of a small fine for admitting to a technical breach of FFP. Six points suggests that they haven't got anywhere near enough evidence to make the more serious charges stick, but it would lay us open to claims that we had admitted breaching the rules and that had we abided by them we would have won the PL twice at most rather than eight time. They've got, and deserved, the same answer as Ceferin.

 

[JewelZee]

This alleged offer from the PL of a six point deduction to end proceedings reminds me very much of Ceferin's offer of a small fine for admitting to a technical breach of FFP. Six points suggests that they haven't got anywhere near enough evidence to make the more serious charges stick, but it would lay us open to claims that we had admitted breaching the rules and that had we abided by them we would have won the PL twice at most rather than eight time. They've got, and deserved, the same answer as Ceferin.

Agreed. It would not be a matter of the points deducted total but of us admitting to being cheats. Being that we won 5 of our 8 Prem titles by a total of 6 points that offer is surely some cheeky way of diminishing our accomplishments further...

 

[I'm Blue]

We're definitely fucked as this Football 365 are very reliable ....

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I’ve fucked them off already.
I’m only still here for shits and giggles.

 

[M18CTID]

There was an article this morning stating that the Rags may invest £1.5 billion in a new stadium to replace the shithole, given they already have the best part of £1 billion of debt then this is a huge figure. Now I understand the argument that if all goes to their plan the increased crowds will help fund the project. But how is that any different to owner investment, our owners pumped money into the club with a medium term plan to grow the club, increase revenues and build the brand.

In essence how is it any different, both clubs wanting to invest for the future prosperity of the club but one is ok and the other leads to the shit storm we have had to endure.

The rules do allow investment in infrastructure and to be fair we’ve spent a shit load on infrastructure ourselves!