PL charge City for alleged breaches of financial rules

give it to gordon said:
How about just scrapping any financial rules and just operate an open market like in all walks of business.
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Yes, but even an open market needs some oversight.
Big business is always trying to ensure maximum profits, annd one way of doing that is by operating as a cartel or a monopoly.
Govt steps in after the fact, to monitor and attempt control, but generally it is toothless or things get mired in years of litigation. Although not perfect, the way the US govt can cut to the chase on many fraud/cartel cases, would be nice if the UK followed the same process.

Anyway… moving back to the PL, that’s currently the problem… the overseers are the PL, and the PL are working at the behest of the red cartel. Not one stage of the many introductions of financial rules has been done for the benefit of the majority, nor the protection of weak, it’s all about protecting the cartel’s position at the top. Lip service is paid and shilled by a compliant media about the benefits of these rules ‘for all’, but any simple analysis shows whom the changes mainly benefit, and who are detrimentally impacted.
The glaring omission of tackling debt (which we all know was upper in the thoughts of the original ffp, until it was ‘Mysteriously’ removed from history), and other potential rules to bring stability and sustainability are other massive pointers to the level of kowtowing the PL engage in.

The entire football pyramid needs impartial oversight. Oversight that puts sustainability, stability and evenhandedness as its guiding principles.

The PL at the moment is the complete opposite of those.
 
give it to gordon said:
How about just scrapping any financial rules and just operate an open market like in all walks of business.
Click to expand...
Or how about having financial rules but ones that actually protect clubs properly, which would include monitoring debt and understanding how these debts, short or long term, will be managed.

Because that issue forced Portsmouth into administration, nearly forced us into administration and killed Bury completely. In all those cases, the current regulations were, or would have been, totally ineffective in preventing that.
 
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Prestwich_Blue said:
Or how about having financial rules but ones that actually protect clubs properly, which would include monitoring debt and understanding how these debts, short or long term, will be managed.

Because that issue forced Portsmouth into administration, nearly forced us into administration and killed Bury completely. In all those cases, the current regulations were, or would have been, totally ineffective in preventing that.
Click to expand...

Only thees.
 
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