PL charge City for alleged breaches of financial rules

halfcenturyup said:
I think you misunderstand what happened. It was all set out in the CAS award: the club signed a sponsorship at fair value with Etisalat, services were provided in full but for a two year period payments from Etisalat were held up by finalisation of a new contract. During that period, services were provided under a legally binding heads of agreement, invoices were properly issued and were recorded as income in the accounts.

The only tricky thing is that, iirc, the new contract stipulated that Etisalat should pay monies to ADUG and ADUG should transfer the money to the club (unclear as to why, probably UAE fiscal reasons, but a contract is a contract). For these two years, ADUG paid the money to the club in advance of the receipt of the money from Etisalat. These are the payments the idiot Morgan is talking about. At the end of the two years, once the new contract was finalised, ADUG had received the money from Etisalat.

To me, this is a big nothing burger. The sponsorship revenue was genuine, at fair value under legally binding contracts, and properly recorded in the accounts. There is nothing in this that affects the true and fair view given by the accounts. Quite the opposite. Taking the money out of revenue and putting it into equity would NOT give a true and fair view.
Click to expand...
Thanks, feel a bit more confident now but like all City fans absolutely sick to death of it.
 
argyle said:
Now, is that one charge or 11 individual charges like the league has done over the financial stuff? :/
Click to expand...
Actually the PL have made a huge mistake here, if you add up all the players in the following squads- Mens, EDS, U18, Womens, then there should 92 charges. However if you also include players on loan then the figure should be 115, fancy that !. Maybe we should email tricky dicky Masters and let him know....
 
bobbyowenquiff said:
United have been at it for years. They pay virtually no tax in the UK and invest virtually nothing in the Greater Manchester community. They are a despicable organisation but apparently our business model is unsuitable.

www.theguardian.com

Now Man Utd stand accused over low level of corporation tax

Club says figures for last six years do not take any deferred payment of corporation tax into account
www.theguardian.com www.theguardian.com
Click to expand...

“Low level” Is that like “minor” when explaining their misdemeanours.
 
M18CTID said:
All covered here in this article by David Conn. City were up front about ADUG paying the money and it being reimbursed later. Not exactly the behaviour of having something to hide. Ultimately it didn't get considered by CAS due to the time-barring though so I guess we don't know for sure which way that would've gone. However, if there was any wrongdoing on the part of the club surely they would've come up with an easier get out than being so up front about it!

www.theguardian.com

Mansour's payments and a U-turn by Uefa: key Manchester City findings | David Conn

Court of arbitration for sport judgment also finds no Uefa bias and shows why an alleged FFP breach was unsubstantiated
www.theguardian.com www.theguardian.com
Click to expand...
Reading that article, surely the Etihad charge is just going to be a re run of the CAS one and we have to hope the IC find the same way as CAS?…

As for Etislat, I guess IF not time barred we’ll provide key witnesses like we did for the Etihad one at CAS.

Again, we’ll then have to hope the IC side with us.

My concern is that I feel like there’s no guarantee you win no matter what the evidence, it’s possible two out of the three don’t agree with us…
 
For what it’s worth I don’t think we’re guilty, we’re the best ran club in the world. But for argument sake, if we were guilty where would that leave us? Obviously no one knows the potential punishment by the premier league if we were guilty, but surely the board and the owners would have to step down or are they themselves facing jail time? I have absolutely no idea so could someone with a bit more knowledge on the situation enlighten me?
 
Newcastle-Arsenal game was 04-11-2023 a month ago and Arteta still didnt get a touchline ban for his attack on refs.
I bet our "attack on ref" will be dealt with so much quicker.
 
Claytop said:
Reading that article, surely the Etihad charge is just going to be a re run of the CAS one and we have to hope the IC find the same way as CAS?…

As for Etislat, I guess IF not time barred we’ll provide key witnesses like we did for the Etihad one at CAS.

Again, we’ll then have to hope the IC side with us.

My concern is that I feel like there’s no guarantee you win no matter what the evidence, it’s possible two out of the three don’t agree with us…
Click to expand...

So after dragging in all on sundry at CAS and cross examining senior management and CEO’s, auditors,accountants and financial experts and going through bank accounts, the IC will find a different result to what CAS did and say they all lied at CAS? Not a fucking chance. Go down that route and the sponsors would wade in against the PL
 
ProofMCFC said:
For what it’s worth I don’t think we’re guilty, we’re the best ran club in the world. But for argument sake, if we were guilty where would that leave us? Obviously no one knows the potential punishment by the premier league if we were guilty, but surely the board and the owners would have to step down or are they themselves facing jail time? I have absolutely no idea so could someone with a bit more knowledge on the situation enlighten me?
Click to expand...
We're not guilty so I can't see the point of the rest of your post. Do you really think SM would face jail time? Don't be a wally.
 
ProofMCFC said:
For what it’s worth I don’t think we’re guilty, we’re the best ran club in the world. But for argument sake, if we were guilty where would that leave us? Obviously no one knows the potential punishment by the premier league if we were guilty, but surely the board and the owners would have to step down or are they themselves facing jail time? I have absolutely no idea so could someone with a bit more knowledge on the situation enlighten me?
Click to expand...

Do you really think the 2nd highest ranking member of the Royal Family of Abu Dhabi would be sentenced to prison in the UK? Not a chance.
 
ProofMCFC said:
For what it’s worth I don’t think we’re guilty, we’re the best ran club in the world. But for argument sake, if we were guilty where would that leave us? Obviously no one knows the potential punishment by the premier league if we were guilty, but surely the board and the owners would have to step down or are they themselves facing jail time? I have absolutely no idea so could someone with a bit more knowledge on the situation enlighten me?
Click to expand...
i think you'll find answer somewhere in the 3447 pages so far written
 
ProofMCFC said:
For what it’s worth I don’t think we’re guilty, we’re the best ran club in the world. But for argument sake, if we were guilty where would that leave us? Obviously no one knows the potential punishment by the premier league if we were guilty, but surely the board and the owners would have to step down or are they themselves facing jail time? I have absolutely no idea so could someone with a bit more knowledge on the situation enlighten me?
Click to expand...
Ffs, where to start with that.
 
You must log in or register to reply here.
Unread Posts

Don't have an account? Register now and see fewer ads!

SIGN UP
Back
Top