PL charge City for alleged breaches of financial rules

First day back in the office, spoke to fans of various clubs, Everton and Arsenal etc yes in Manchester…no one I have spoken to has much of a bad word for City, now that could be they don’t want to upset a FOC but it’s more they can see what’s happening at Chelsea, £1.5B debt written off, splurged £600m in transfer fees in the
last six months. Probably more people than you think, are of the opinion this is a shabby stitch up.
 
Jam Tomorrow said:
First day back in the office, spoke to fans of various clubs, Everton and Arsenal etc yes in Manchester…no one I have spoken to has much of a bad word for City, now that could be they don’t want to upset a FOC but it’s more they can see what’s happening at Chelsea, £1.5B debt written off, splurged £600m in transfer fees in the
last six months. Probably more people than you think, are of the opinion this is a shabby stitch up.
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You can fool some of the people some of the time…..
 
Spurs quarter 69 said:
Can't remember for sure what Rangers did but the draconian punishment handed to one of the biggest clubs in the world makes me very afraid. If they did the same to us it would mean starting in the fourth level and a helll of a long road back losing a generation of young fans along the way. Why rags are getting giddy about this I don't know as they seem to finally have a team and manager who can compete with us fair and square. As for the dippers take us out of the equation and they are still miles behind Arsenal and nited. Why Villa want to get involved I can't think they are the biggest under achievers in football and our absence will not alter that. The only conlation is the Bears came back and so can we but it could take ten years. Hoping or the best , but fearing the worse. F**k em all.
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Rangers went bankrupt a lot different. They didn’t get kicked out, they had to start again.
 
Ric said:
I realise that you’re getting bombarded with questions, so apologies for adding another! Is it really plausible that we would’ve been able to continually deceive/mislead a firm as credible as BDO over such a long period of time? Would it be pretty damaging to their reputation if this was all going on directly under their noses?
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As someone with audit and financial due diligence experience I find it unfathomable that the revenue or staff costs that we have booked in our accounts are not significantly matched to a signed and iron clad contract.

Given the basis of our revenue we’re heavily weighted to commercial over matchday. Hence that is low quantity sizeable contractual cash flows over a period of time. Theres almost no where to hide, theres either a contract or cash receipt or theres not. Id actually argue it would be much easier to inflate matchday revenue when its made of thousands of £20 fan payments and whos ticking all of those.

And if its in a signed contract with a willing third party its done. Its binding. To have somehow put materially (for it to even be worth discussing millions) more commercial revenue into the accounts without a valid contract will have required a material dereliction of duties on both the audit and fdd side which again I find highly unlikely.

Both the audit and fdd (Silver Lake) will have read and reviewed for example every word of the Etihad, Etisalat, Nissan etc contracts and ticked it to the revenue in the accounts. There is no way we could have recorded materially more or less without someone noticing.

Where the cash has come from obviously cant be proven because MCFC doesnt have the bank statements of Etihad for example. But how Etihad meets its contractual liabilities is their business not that of MCFC.

Thats revenue. For costs its less clear. For revenue youre arguing is what is there real. For costs youre arguing is something missing. Much harder to spot or prove.

Hypothetically MCFC could have arranged for staff to have been paid through a second stream from another company and hence minimised the costs associated to MCFC but again I find it unfathomable that given the professionalism of our management that any such second streams of pay wouldnt have had a contract with a description of the service the staff is providing to that other company.
There is nothing wrong with that and if those services are independent of their role with MCFC then the costs recorded elsewhere are not MCFC costs.

I reacted emotionally when this was all released but when I logically think through what it would have taken to get to this stage and be true, it would be one of the largest sports related financial cover up with collusion industrially across the professional services industry.

I dont see it.
How the arbitration process plays out is to be seen
 
SambaStyle said:
DO you really think we generate more revenue than Real Madrid?
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You're obviously on the wind up but I'll answer your question in any case as it helps me make the point.

Absolutely I believe we make more revenue than Real Madrid. Why? Because we are a well oiled (pardon the pun) club led by clever and savy business people who have invested time, effort and money over many years to maximise off the field revenue channels via a long term hard worked strategy.

Real Madrid, like the rags are an old shagged out club still living off its name and historic success, still making short term decisions in both a business and player sense, hoping that their very name alone will help them keep pace with the new forward looking owners, and if it doesn't, they do exactly what they're doing now, get a gang together and get the others kicked out of the league
 
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