PL charge City for alleged breaches of financial rules

[SebastianBlue]

In our latest accounts we had record revenues of just over £700m and yet only made £80m in profit. Of that £700m, £300m of it was broadcast revenue, the majority, for being in the PL and reaching the final of the CL. These revenues would disappear overnight. That wipes out the profit and gives us an approx. £200m black hole.

The leagues below the PL also have FFP/PSR, so if we go down there, we would have similar rules to abide by but with a much lower turnover. We would be looking for players earning £10kp/w not £300kp/w. It would be a fire-sale and if after all that, we could somehow scrape a side together that could get promoted, we would be back in the PL at a starting point similar to just before the Mansour takeover but now with rules in place that would make a similar investment in players and subsequent rise through the PL almost impossible.

The club will always go in in some shape or form, of that I am certain. However, this current Manchester City, this behemoth of a club, would IMO be effectively finished by a guilty verdict.

I know that sounds pessimistic and possibly overly dramatic but that’s how it feels to me. I pray I am miles wide of the mark.

 

[GSW Blue]

If in the unlikely event that we are found to be guilty as charged could we as paying fans be considered as victims of fraud?

£85k would come in handy!

 

[bitterblue78]

Could you imagine if that city fan on the overlap said to carragher and that liverpool fan "your the last set of supporters to assume guilt"

 

[blue ranger]

barzil and saunders this morning talking about charges
brazil 115 must be guilty
saunders nope i think innocent
then some football expert city will join saudi leaugue where there's no money restraints lol
at least thick saunders understands innocent to found otherwise

Really annoyed me that and it went straight off. But City have allowed this to happen by doing and saying nothing to everyone gobbing off.

 

[Gorton_Tubster]

Some fkin gullibles in here, believing all the cartel media and what they say

 

[citizen_maine]

Really annoyed me that and it went straight off. But City have allowed this to happen by doing and saying nothing to everyone gobbing off.

Why blame City for the shit you choose to listen to?

 

[silva_is_gold]

WTF did I miss? What's all this narrative about us being relegated? We're winning this case hands down. The louder and more frequent the twats chat shit the more obvious it becomes. They are going to get in every last dig possible before the jig is up. I'm going to say it, fuck it. Anyone claiming to be a Blue spouting all this negative shit is a fucking pussy, simple as. Take that defeatist shit and shove it up your ass. I'm believing in and supporting my club all the way no matter what these disgusting pieces of shit in the media say...

Roll on when we win this case, social media will go into total meltdown & it's going to be one hell of a piss boiling day haha
Opposing supporters brains will be fried & they'll have naff all to chuck at us, what a day that's going to be :-)

 

[mancboy]

What amazes me is that nobody ever puts it to carragher, scholes etc that they themselves despite having clearly limited intelligence have managed to become multi millionaires simply by having the talent to kick a ball and take advantage of the opportunities presented to them, why do they find it so impossible that people with vastly superior intelligence and connections that give far greater opportunities would be able to earn much much larger fortunes?

 

[terraloon]

In the nightmare scenario you describe surely our owners would just 'loan' the club a few hundred million like abramnovich did at Chelsea?

Not going to into great depth but the monies RA lent Chelsea wasn’t in one year but it was over multiple years to support losses that again had occurred over those years.A sizeable chunk going back to 2004

Had those losses happened over a 3 year cycle there would be absolutely no doubt that FFP charges would have been laid and almost certainly proven.

RA packaged all monies he had “ invested” in Chelsea into a debt not at Football Club level but into the holding company and that included his initial investment to purchase the shares from Bates and pay of the outstanding Euro Bond.

I am speaking from memory now so apologies if my memory is confused but didn’t Cities owners in effect write of substantial sums by Turing debt into equity ?

 

[Mazzarelli's Swiss Cheese]

Not going to into great depth but the monies RA lent Chelsea wasn’t in one year but it was over multiple years to support losses that again had occurred over those years.A sizeable chunk going back to 2004

Had those losses happened over a 3 year cycle there would be absolutely no doubt that FFP charges would have been laid and almost certainly proven.

RA packaged all monies he had “ invested” in Chelsea into a debt not at Football Club level but into the holding company and that included his initial investment to purchase the shares from Bates and pay of the outstanding Euro Bond.

I am speaking from memory now so apologies if my memory is confused but didn’t Cities owners in effect write of substantial sums by Turing debt into equity ?

I think they probably had to as part of the takeover. As your a Chelsea fan I'm sure you know much more about RAs strategy than me also