PL charge City for alleged breaches of financial rules

[Boris Yeltsin]

is the Liverpool Echo!

Red Cartel are one and the same

 

[mancboy]

Never happen. Masters has got their tongue up his arse.

bloody hell as well as his tongue up the dippers and the tarquins arse the pl is starting to turn into the human centipede

 

[mancboy]

Did he have a black moustache, bulbous nose and dark rimmed glasses on?

and did water squirt our of a flower in his lapel and did he have a red shirt with snapdragon on the front of it

 

[mike1923]

Didnt he used to repeatedly slate us!?

From memory, he rarely gives his own opinion. He just gets asked questions on football finances and various people take the bits they liked hearing and publish them out of context

 

[Prestwich_Blue]

I was told by somebody who works for the club last year that the etisalat deal was problematic in terms of perception. I don’t know anymore than that I’m afraid.

It's all in the public domain and was explained as part of our submission to CAS.

We entered into a sponsorship deal with Etisalat but the money was seemingly fronted by ADUG. This was all prior to FFP iirc and City said Etisalat later reimbursed ADUG. So, yes, it was problematic in terms of perception but essentially Etisalat paid the sponsorship.

 

[jacko74]

No , not at all. Definitely no.

They had a 260 million loss over 3 years, the Premier league accepted the exceptional losses which meant there was no charge.
They did not investigate those exceptional losses or verify them.

50 million of costs for one owner paying the other owner for buying shares, all costs coming out of the club accounts.

Expect more exceptional losses this time,
1. Repairs at Old Trafford.
2.work on the possibility of a new stadium, ( some might remember the 60 million Liverpool "spent" on this.
3.More carrington spending.
4 exceptional costs for sacking 250 employees.

From what I've read the main reason Qatar pulled out of their bid to buy the club was because during the due diligence period they found united's accounts to be so opaque that it just wasn't possible for them to establish accurately the club's level of income or expenditure and just how much the club's debt actually stood at.

Given this was a multi-billion pound deal I think it's safe to say Qatar would have been using the very best auditors and forensic accountants available to scrutinise the club's accounts, yet they were unable to gain a satisfactory picture of the club's financial position.

Given the above how come the PL are quite happy to accept whatever accounts united present to them with regards to meeting FFP/PSR requirements as I very much doubt the PL scrutinise the club's accounts to the extent that the Qataris attempted to do so.

 

[asahartford1]

So all you are saying is you don't believe their accounts are true, fair enough but like those that don't believe our accounts.I'm not qualified or in a position to know.

What I am saying is the PL has the power to accept exceptional losses which may clear a club that otherwise would almost definitely fail psr.
They also have the authority to dismiss such claims where they wish.

 

[dadnlad]

Since Aabar was part of IPIC, where HHMS was chairman of the board, and Etisalat is owned by the UAE's federal government, where he served as deputy prime minister, it can be argued that he had influence over both companies and that the sponsorship deals were not conducted at arm's length, with the compensation exceeding market value.

Even before David Gill had made up the rules amazing

 

[mancboy]

Since Aabar was part of IPIC, where HHMS was chairman of the board, and Etisalat is owned by the UAE's federal government, where he served as deputy prime minister, it can be argued that he had influence over both companies and that the sponsorship deals were not conducted at arm's length, with the compensation exceeding market value.

welcome to international business mate, there is so much wrong with this statement i domt even know where to start, if you were to go down the route of billionaires influence both direct and indirect in business you would find that it intersects so widely it would be arguable that influence could be generated almost anywhere in a direct of none direct fashion, you are talking semantics to be contradictory as you have been on this entire thread, i dont know whether you werent hugged enough as a child or if you are just desperate for attention but its boring.

 

[Bluewonder]

Keith's back and going straight on the ignore list this time.

I won't get fooled again.