PL charge City for alleged breaches of financial rules

[halfcenturyup]

*makes mental note not to believe anything he says in future*

:-)

Always good advice when reading the rubbish I post on here.

Actually the rules say if a contract hasn't been executed before being presented to the PL then it should be adjusted to whatever the PL says is fmv (so presumably up or down). If the contract has been executed it should either be cancelled or be amended if it relates to income and is overstated, or to expense and is understated. Executed I have taken to mean signed and legally binding (unless the PL says so, which is my problem).

Anyway, so I was half right, which is pretty good going for me :)

All needlessly complicated though.

 

[citizen_maine]

Always good advice when reading the rubbish I post on here.

Actually the rules say if a contract hasn't been executed before being presented to the PL then it should be adjusted to whatever the PL says is fmv (so presumably up or down). If the contract has been executed it should either be cancelled or be amended if it relates to income and is overstated, or to expense and is understated. Executed I have taken to mean signed and legally binding (unless the PL says so, which is my problem).

Anyway, so I was half right, which is pretty good going for me :)

All needlessly complicated though.

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But if the deal is below what they consider to be FMV they'll just confirm that it's at FMV and allow it.
We think it's worth £10 but your only being offered £8, so that's fine

 

[halfcenturyup]

But if the deal is below what they consider to be FMV they'll just confirm that it's at FMV and allow it.
We think it's worth £10 but your only being offered £8, so that's fine

That's not what the rules say, but who knows how that would work in practice? Which is always the problem with complicated rules. Just look at offside and handball.

Things always get too complicated when people try to be too clever.

 

[citizen_maine]

That's not what the rules say, but who knows how that would work in practice? Which is always the problem with complicated rules. Just look at offside and handball.

Things always get too complicated when people try to be too clever.

I think you're looking for complication that doesn't exist. The purpose of the rules are to ensure clubs don't get deals that are higher than FMV, not that they only get deals that are bang on FMV

 

[Stoned Rose]

Can't see everything being kept quiet until then.

It will be good news and we will certainly release stuff one way or another.

There is a january window to navigate which could be huge for our season.

Both sides will have a feel for how it’s gone.

Won’t take long before the hints start leaking out.

 

[wolviedinho]

Any chance this quietly goes away now we can’t win a game?

After all they got what they wanted a city team not competing for the league.
-:)

 

[chaddblue]

Any chance this quietly goes away now we can’t win a game?

After all they got what they wanted a city team not competing for the league.
-:)

Yep. Objectives achieved. The charges have caused uncertainty which has directly or indirectly led to the current situation

 

[Invisible Man's Bandage]

Both sides will have a feel for how it’s gone.

Won’t take long before the hints start leaking out.

Even if that happens it will be meaningless. The only thing that matters is the panel's released judgment and that is months off.

Either side might feel it has gone in their favour but the panel could easily come up with one of these...

 

[nmc]

That's not what the rules say, but who knows how that would work in practice? Which is always the problem with complicated rules. Just look at offside and handball.

Things always get too complicated when people try to be too clever.

FMV isn’t as objective as the PL imply. You just know Nielsen will be doing what the PL require and placing huge emphasis on history etc….

 

[Matt Diablo]

Yep. Objectives achieved. The charges have caused uncertainty which has directly or indirectly led to the current situation

Probably more to do with sitting on our hands in the market in the summer