PL charge City for alleged breaches of financial rules

[cheekybids]

I know we joke about this with the rags but it really pisses me of that rags are given a free pass, like being 75m over ffp but let off.
I fail to see how any action against any club is legal while the rags are allowed to get away with breaking the rules

It’s like the ICC being told they should be investigating African countries not the good old USA.

 

[give it to gordon]

That's why the PL really can't be allowed to continue to oversee the running of things when the favoured teams get such favourable treatment, whilst others are hounded and vilified.

So the question why do the clubs that get screwed over do nothing ? Theres only 4 clubs that stand up to the pl. I would guess the others are breaking the rules somewhere along the way so support the cartel for their own protection.

I cant see why the IC cant say until all clubs are investigated to Citys level the case is null n void !!

 

[give it to gordon]

They are published quarterly on the NYSE and are very detailed. Not sure you’ll get much mileage on this one!

just because they are published doesnt mean their isnt anything dodge ! Arent Citys account published ? City are accused of fraud

 

[mexico1970]

So the question why do the clubs that get screwed over do nothing ? Theres only 4 clubs that stand up to the pl. I would guess the others are breaking the rules somewhere along the way so support the cartel for their own protection.

I cant see why the IC cant say until all clubs are investigated to Citys level the case is null n void !!

The problem lies with the board they don't take account the feelings of fans who feel they have been slighted.

When you have a raft of American owners taking money out of the game they want to keep it going, the smaller businessmen subservient to their larger more powerful business adversaries.

As long as they are making money too it doesn't matter if the team is slated, loses, wins or gets relegated, the bottom line is profit.

 

[Norbiton]

talking of false accounting do the pl have access to the rags Carmen Island accounts ?

That would keep them Bizet

 

[Blue_eyes]

ORGAN115ED AND CLEAR.

The "115" announcement, designed for impact and severity.

As some have aluded to, the whole process is our "punishment" for upsetting the applecart.

Publicly dragging our name through the mud at every opportunity via paid media shills.

Firing up opposing fans with cries of cheats, and twisting the truth around the case.

I have trust in the knowledge and opinions of the resident legal experts on here.

If all the pl have is non cooperation they will try to inflate the punishment for it.

If cleared of the financial, procedural and accountancy accusations we should push back against non cooperation.

We, and City will still be here when the pl is no more, so fck em.

Happy new year everyone.

 

[Gone for a Burton]

No fucker would get past me without answering a simple question on the amortisation of intangible assets under the declining balance method, I can tell you that!

Just gi ma the mooney & stoop pissing aboot !!

 

[halfcenturyup]

Would we not be in a good position over related party I mean there is an accepted definition in accounting terms. We have no related party deals in the accounts right ?

If new evidence comes to light about the sponsorships that makes people think they are related would that be considered false accounting and also would any of this be bad faith etc

Not sure when it started to diverge for FFP and if that’s covered in the charges

The PL would have to prove that the two parties were related on the balance of probabilities. That wouldn't be easy in the first place, but what is the effect if they can prove it?

There is no legal requirement for the accounts to show related party transactions at fmv, so it would make no difference to the main accounting statements. There is a requirement for a note disclosure, though, so readers of the accounts can make their own minds up. No-one is getting a points deduction or going to jail for a disputed note disclosure.

The PL rules, though, do allow the PL to restate related party income to fmv and so the later inclusion of a related party transaction disclosure may lead to a correction to the club's FFP results.

I still think this is maybe what the PL is looking at, although others disagree. I think Herbert's "understanding" and the shift (if it's not nonsense) from fraud to complexity supports that.

I think that is all right, but it's just my opinion and may all be bollocks, of course.

 

[Bluewonder]

Long-term financial contracts ARE complex.

This is why accountants and auditors are well paid.

You wouldn't expect an online football salesman like Herbert to understand them.

 

[slbsn]

just because they are published doesnt mean their isnt anything dodge ! Arent Citys account published ? City are accused of fraud

Your question was whether the PL has access to them. So yes. Fraud is possible in those accounts but given the US NYSE exposure that would be a really crazy move from United execs. But yes similarly unlikely as at City.