PL charge City for alleged breaches of financial rules

[Chi-town blues]

Or even better. Why did we not just flood the club with debt. It is acceptable after all.

Oh no we would rather create a nationwide scandal and deceive the accounts. The accusations get sillier and sillier under any sort of scrutiny.

Ffp is the biggest scam that we have witnessed in our lifetime. They contradict themselves and move goal post as they see fit. According to them ,Premise of ffp is to save clubs running into mud with debt and bankruptcy But you can’t invest your own funds. How drowning in debt is Sustainable is beyond me.
Ffp is specifically custom designed to fuck man city , nothing more nothing less.

 

[Charlesfarsbar]

Im really confused with how much an owner can put into a club, it;s the situation at Chelsea that is throwing me, how can RA have loaned them in the region of £1.5Billion and then it just be written off?

A lot of RA’s investment or loan came before FFP

Am owner can make a decision on how they want to cover a company’s losses each financial year , either loan the club the money or issue shares in the form of equity

going the loan route means the company owes the owner the money , in RA’s case it would be paid back when he sold the club. Except for the sanctions due to Ukraine stopped this

£1.5bn is basically the accrued losses of the period RA owned the club , probably before FFP

He could also have taken out a loan with a third party , but this would be allowed under FFP , for as much as he liked

With city, the owner took the shares / equity option, he still gets the money back when he sells the club

 

[MillionMilesAway]

I wouldn't use the term 'written off' - I understand that he didn't want it paying back which makes it a gift. Is a gift the same as owner's equity?

There's an article on the BBC website that mentions Keown and the quote "If it's financial doping it's a scandal." I can't find an article that states "If it's not financial doping it's a scandal to heap such opprobrium onto a club." Perhaps Dirty Dan Roan is currently scribbling it as I write.

Usually it's described as "converting it to equity", but you're right. In this case, he waived it/included it in the club value; as I understand it, there's no difference if you own 100% of the business.

I'm pretty certain that our owner has supplied short term loans that have then been converted to equity (shares, in this case).

 

[Pam]

Rags, Arsenal, Chelsea and Spurs now all failed to win since announcement. Suck on that you twats.

Karma. Let's have more of it.

 

[JewelZee]

Twatt Ziegler, Times Online one hour ago… ‘Man City owners may be forced out if charges proven.’

I’m not adding a link and its behind a paywall.

I speculated a day or so ago that this would be the PL end game. Find enough reasonable doubt and subsequently declare our owners not fit and proper.

Its a stitch up guv

Absolutely impossible for so many reasons not the least of which is the investment business relationship between our owners and the UK government. Does anyone really believe the UK will allow these extremely beneficial relations to collapse over the bogus complaints of some fucking spoiled, self serving football clubs? Not happening, not on this planet...
Also, what are the requirements needed for the gov't to appoint an oversight body? It's obviously not up to the PL themselves...

 

[MillionMilesAway]

A lot of RA’s investment or loan came before FFP

A very important point too, which I'd forgotten. Memory says it was at least 1B of it.

 

[117 M34]

Spurs fans want levy out.
Wonder if they have got a proper campaign group that a mystery benefactor could donate £20k to for huge banners etc

 

[citizen_maine]

Ffs is the biggest scam that we have witnessed in our lifetime.

Poor Mahrez - gets the blame for everything

 

[flb]

The club should hire a raft of private detectives to investigate the fuck out of the usual cheating suspects. The jealous twat likes of the Red Scouse and the perpetually failing Spuds to start with. Let's see how pure and driven as the white snow their accounting looks like.

I’d say fork in the sugar bowl club need looking at Pam , how did they ever wangle themselves into the big “six?” A club who last won the title in 62 - six season’s previous to our last one in the old format ? Delusions of grandeur springs to mind. I hate spurs !

 

[NatalieM008]

You are not the only one.

Thanks, just what I needed to hear!