PL charge City for alleged breaches of financial rules

I think it’s a different point. United convinced the PL as to £40m of Covid costs via an audited statement. Whilst i struggle to see how they got £40m, I don’t think it’s case of hiding things - it’s a case of convincing the PL and making specific representations. It will have reconciled to their audited numbers as it was extracted from them.
So their audited accounts are OK but ours aren't (according to PL). Rug, lift, sweep, forget.
 
You have to have good grounds to launch an investigation, is my understanding. Unless there's another Der Spiegel-type article about the financial dealings of another club, there are no grounds.

Having said that though, any club whose owners' accounts are filed in a tax haven should definitely be investigated. Any responsible regulator would want to know about any debt not declared via publicly filed accounts, in order to ensure that the club was at no risk should something happen.
My view is that all PL clubs should be companies, partnerships, charities, or trusts registered in the UK. Domiciling in a tax haven is just an attempt to gain financial advantage.
 
Honestly, I don’t know why you do this to yourselves. United haven’t had shareholder money for more than a decade aside from Ratcliffe which would have been checked by English lawyers. All of the money has been loans from well established institutions. There is no story here.
Yep and it only adds up to a mere billion.
 
I'd still like to know why a supposedly independent non-executive director was burning the midnight oil over an operational issue, when a NED is supposed to be detached from the day-to-day running of the organisation.

And that's yet another example of getting an honour just for doing the job you're supposed to be doing.
Or rather doing a job you’re not supposed to be doing.
 

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