PL charge City for alleged breaches of financial rules

halfcenturyup said:
It's not equity funding because they got the money back. It's short-term financing if it's anything. In effect, selling a receivable at the worst.

As I understand it, Etisalat couldn't pay the amounts because the renewal contract signature was delayed while some issues were ironed out. Until that happened, the parties were working under an MOU. Services were performed under the MOU and Etisalat's liability under the MOU recorded. Invoices were issued.

I imagine the club had budgeted the cash from the renewed contract and needed it to meet payments. So, until Etisalat could pay under a signed contract, ADUG advanced the money. When the contract was signed, Etisalat paid the sponsorship money to ADUG. In fact, when the contract was signed, it stipulated that money should be paid to ADUG.

There are some questions around all this, I only have the information from CAS, but in my opinion, it is in no way equity funding.
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Did any money actually have to move until the sponsor was ready to settle?
If we had invoiced Etisalat and booked a receivable, and they accrued an equivalent payable, why would that not be a normal practice to correctly reflect books at each end, and remove what is now perceived as this cloak & dagger 'payment' that the media is stoking everyone up to get excited about (again!).
 
OB1 said:
What permantly pisses me off is the very one-sided coverage this gets and the farce of it all.

Whatever City are or are not guilty of; all our owner has ultimately done is invest in his club for success.

Has anyone added up what the sums invovled in the alleged breaches amounts to and compared it to what has been invested overall and where City's turnover stands now?

I expect the amounts are not particulalry significant through that window. And why does the media not question more what right / expertise the football authorities have to set limits on investment. What is a fair amount? Haven't city proved beyond question that their investment has been finacially sound?

City don't lead the pack just because of significant investment, they do so because they are so well managed.

IF City did bend the rules, other complain it's not fair and it's wrong because they got an advantge others didn't because they stuck to the rules but did they really? Have other big clubs activities been looked into cloesly enough?
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do as i say not as i do

clear n obvious
 
Coatigan said:
Those der spiegel articles and leaked emails. Once they were out, Uefa reacted by opening their investigation. As soon as they did, the PL opened their own investigation as well.

I honestly thought once CAS closed that episode, the PL would follow suit and use that. It would have been quite easy for them to close it out and claim, consistent with the CAS findings, they conclude the same.

But they didn't, they took another 2.5 years, investigating books right back to 2009 before even uefa's ffp came about. Which is why I don't buy this they are only doung it to appease pressure. I'm sure there IS pressure, and they are trying to appease it. But if that was all, they could have fallen in line with the CAS findings and closed it and still been able to say they tried.

Re doing it in reverse as you mention, I don't think pressure alone is enough. There has to be a big enough public thing to make them have to be seen to act. I.e You can't just request they look into a club for a laugh. Unfortunately, ours was thatnder spiegel leaks which clained to have actual evidence of wrongdoing and put it out in public.
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Nobody is putting pressure on them. The red shirts are in charge at the PL and it they who want to screw us and hence the reason this is carrying on. The PL needs a totally independent body to run it and not one run by the clubs.
 
hello said:
If any of you sewer dwellers bothered to read the charges you would know it’s 131 separate offences we are charged with. Research & read before swallowing cesspit click bait bollocks unfortunately needs to be a life skill these days.
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It's actually 5 offences, or 6 if you treat the Mancini and image rights payments as separate incidents.
 
feedmpenzaandhewillscore said:
Everton a being done over for recording losses of £371 million. The didn’t just fail financial fair play they exploded it and this is nearly a decade after the rules were introduced, not for the period before FFP and the very early years of it when clubs were looking at how to interpret them. Where is the clamour to have them relegated to the national league and branding them cheats?
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Everton don't win anything
 
Prestwich_Blue said:
It's actually 5 offences, or 6 if you treat the Mancini and image rights payments as separate incidents.
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Absolutely but found it curious as to why the media went with 115 & not 131. They used per breach per rule for most to get 115 but then pooled a few together over multiple seasons. It’s like a Diane Abbott maths student listed them incorrectly as 115 and the rest of the media were too lazy to work it out themselves and just copied and bleated “115”
 
Jack Hackett said:
I don’t think the PL are motivated by bashing City. I think they are pursuing this action as much ‘pour discourager les autres’. Regardless of whether they are successful or not in levelling the charges at City, they hope they’ll have achieved 2 objectives.

1. To demonstrate to the government their ability to self regulate and enforce the rules so as not to require independent regulation. Insofar as that is concerned, should they determine City have broken the rules and the evidence support that, they’ll want to act tough and impose sanctions. They’ll want to be not just enforcing the rules but be seen to do so.

2. To scare all other PL clubs shitless about even thinking of breaking the rules.

There’s a lot on the line for the PL. If they screw this up, they’ll lose credibility and be seen as weak leading inevitably to independent regulation. This is not all about City. There’s a much bigger picture and risk for the PL.
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Oh come on !

If it isnt bashing City why isnt the pl investigating the dippers for they fake 50 million to improve Anfield which never happen ? Or liverpool odd cycle of form, 2 seasons of running at 100 mph followed by a season were they can hardly run
Why arent the pl investigating utd for the accounts in the Carmen Islands ?
Why arent arsenal being investigated for being sponsored by Rwanda with terrible human rights record.
Again arsenal sponsored by the same company that sponsors the fa cup. A clear clash of interests.
Leicester City is very dodgy
Brighton owned by a betting company so off lol

Its clearly a 100% witchhunt lead by your lot and the American owners club. American owners want a closed shop league to make money they dont want fair sport
 
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train man said:
Did any money actually have to move until the sponsor was ready to settle?
If we had invoiced Etisalat and booked a receivable, and they accrued an equivalent payable, why would that not be a normal practice to correctly reflect books at each end, and remove what is now perceived as this cloak & dagger 'payment' that the media is stoking everyone up to get excited about (again!).
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Could have been that we needed the cash?
 
Jack Hackett said:
I was lucky enough to see Best play in his prime. Definitely, he was one of the best players I’ve ever seen play the game. To suggest otherwise is just silly.
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Best was before my time, but my dad did say that Best and Bell were the two greatest players he'd ever seen in the flesh.
 
manimanc said:
I see sky sports news has taken the story down from their app, not even been up for 24 hours and we all know these bitter twats love dragging shit stories out with us.
Maybe just maybe we've finally said to these red shirt cocksuckers it's time to face the music.
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Nothing will come of it, i'm very confident of that. I like to come on here and read the stressheads opinions though.
 
manimanc said:
I see sky sports news has taken the story down from their app, not even been up for 24 hours and we all know these bitter twats love dragging shit stories out with us.
Maybe just maybe we've finally said to these red shirt cocksuckers it's time to face the music.
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What story ?
 
Jack Hackett said:
I don’t doubt the threat you represent especially in the North West to the money earning potential and success of United and Liverpool but whether that equates to direct pressure on the PL by them is not clear, unless you can direct me to any source ?
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They could even pick and choose who was in charge and personally interviewed the candidates. One even dropped out after taking the job seemingly uncomfortable with what they had been tasked with.

www.telegraph.co.uk

Row brewing over Liverpool and Manchester United's involvement in Premier League chief executive search

Rivals of the two most successful teams in English football are concerned they had an 'unofficial veto' during recruitment process
www.telegraph.co.uk www.telegraph.co.uk
 
TheThirdDeano said:
Tebas, as well, hasn’t stuck his fat fuck face into it either.

Perhaps they have a whiff of something on the wind
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Be interesting to see if the new low key reaction continues and why. Could be what you say, maybe Qatar told them to zip it, maybe Sky and Co getting jumpy about PL brand value and League imploding.
Do seem to be a few signs of change in the air.
 
I think this programme could be more beneficial to us fighting against the charges.
Our owners will be all over it if a load of nonsense.
 
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