PL charge City for alleged breaches of financial rules

Keith Moon said:
Well, speculation, conspiracy theories — call it what you will. But I think we can safely rule out that a verdict has already been delivered and that the delay is about damage control.

Based on the disclosures and the audit report, the only defensible conclusion is not about the outcome of the case itself, but about how the risk is classified. The continued use of “reasonable expectation” in the going concern assessment, the absence of any provision or enhanced disclosure, and the lack of emphasis in the audit report — particularly in the first set of accounts after the hearing concluded — suggest that both the Board and the auditor consider a materially adverse outcome to be remote. That doesn’t mean the risk is zero, simply that it hasn’t been reclassified in a way that affects the financial statements.

Soft signal.
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If a verdict hasn't been delivered (probably true in and of itself) then who do you think is doing this "damage control"?
 
hilts said:
3 year anniversary coming up soon, mental, nothing should take that long to sort out.
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I wouldn't worry about it. You can't change the outcome whatever it might be. Initial thoughts were they were trying to stop City breaking all those records, reaching titles on the bounce and so on but that ship's sailed anyway.

I'm just surprised the PL tried to do it as one big case rather than hit is with a series of charges very season, thereby reaching a faster conclusion for each case and the ability to stop us in our tracks if they won, i.e. by deducting points every season.
 
halfcenturyup said:
:) The Board and the auditors have always considered a significantly negative outcome to be remote otherwise the issue would have been handled differently in the last two years. So, imho, the only soft signal is that they haven't become significantly more negative.

Anyway, we have done this to death.

As for your first paragraph, the words "verdict", "delivered" and "delay" are doing a lot of heavy lifting. As you think there is a delay, what do you think is causing it?

And, I have to ask, are you using AI to write this stuff for you? :)
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Agreed — that’s true. The difference for me is simply that this is the first report after the hearing concluded. At that point the Board has a more informed view of the range of outcomes, so unchanged language carries a bit more weight than it did previously.

Regarding the “delay”, I don’t think it’s anything more exotic than process. These things take time.

AI? I can’t even turn on the blender :)
 
cheekybids said:
Don’t forget Richard Arnold was Rags CEO when the charges were laid…..

Only Hogan at the Dippers is still in position from the cartel.
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Perhaps they are giving a decent time interval between each resignation to show they are.not linked but City happy. Then it allows Mr Masters to be held totally responsible and serve his scapegoat duty.

Just theoretical of course in the absence of anything else explaining time passing.
 
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