PL charge City for alleged breaches of financial rules

Blue Pete said:
Given the ownership of an American club, I would be shocked if the group didn't follow SOX, and although there is a British version last time I looked (it has been a while) hasn't got anywhere near the reach and mandatory requirements of SOX. (If I remember it was a comply or explain model, unlike SOX comply or get punished)

My point was that an Enron is possible just not in USA, and that it isn't impossible for Companies and their external audit to collude even with SOX. Not that I'm implying in any way the City, its sponsors and its auditors did.
Click to expand...
Yes you're spot on regarding the comply or explain vs comply or die

The UK model has got much closer to that in the last few years, albeit still some way off the USA

My take on CFG, is that with all of the money involved, and in different countries/currencies/regulations, I'd be astonished if they didn't comply with US SOX.

Khaldoon went to University in USA, so will likely be very familiar with SOX, which makes me feel so comfortable when I see anyone mention fraudulent accounting, or comparisons to Enron.
 
Bluesince1979 said:
I swing back n forth about what i think/hope/dread/ will be.

Part of me thinks, “how can the Prem get this so wrong. Surely the level and seriousness of these accusations means they MUST have something on us. Would they risk the credibility of such a huge worldwide organisation on a whim or at the behest of certain clubs.

Then u swing back to the robust nature in the way City And our powers that be have defended themselves and come out fighting , saying we are 100% innocent and will prove it.

One thing is for sure. One side has got this VERY wrong.
Click to expand...
Sums up my feelings exactly. The EPL must have had legal advice before they kicked this off. I have said before, maybe they knew all along it was going to be highly difficult to prove but felt they had no choice to go ahead to be seen to be doing something and placate eg. Levy. The EPL wanted the proceedings to be kept private which would have stopped them appearing incompetent if they failed.
It’s doing my head as to why there is apparently such outright hatred for City when we have elevated the EPL to a standard of football/entertainment never seen before. Just consider last Sunday against Newcastle. Incredible match for neutrals as the commentators said (purgatory for me though :-)
 
give it to gordon said:
I know I panic sometimes as someone said I sounded like a scouser ( bloody cheek )

But in the cold light of day the pl are accusing some seriously power people of being fraudsters. This will have massive fallout around the world if true. I csnt see how the pl think they have the proof to damage these peoples reputations. Even calling a royal prince a fraudster. Its mind boggling

It really does feel like the American owned clubs and that's be honest America likes to think of itself as the top dog. Thought they could force the pl into these charges and get away with it. Like America does when invading other countries to enforce they view. If you dont agree with America we bomb you.
Click to expand...
Went well in Vietnam, Somalia etc
 
Platt Lane 59 said:
Agree with Stefan feeling he was dealing with an intellectual pygmy.
But, he must have known that he would, at best, be misquoted.
Can now understand why City little interaction with the mainstream media...
Click to expand...
They've been posting relegated/thrown out of the League/stripped of titles since the news broke , whatever steffan had said they'd of posted the same who cares when we're found to be innocent ?
 
TivvyBlue said:
One thing that really irks me if the narrative and language used around the alleged offences. If we're cleared, we'll still always be guilty in the eyes of some regardless of what the verdict is and what is proven/unproven in that verdict. It's very much dressed up as we're either guilty or guilty but get off with it. No one has ever pointed to the fact it may all be bollocks. Even if the charges are dropped/we win in court, we'll forever be seen by others as innocent.
Click to expand...
Of course the morons will still use the narrative of guilty, they know deep down were innocent but its their comfort blanket so they can sleep at night.
They also know we're gonna continue taking them to the cleaners.
 
bluemoon32 said:
My office is full of Villa, Liverpool & Arsenal fans, every single one of them love to call us cheats.
We really are despised & it aint just the red shirts fans
Click to expand...
Just laugh and agree with them. Tell them it's great and you don't care that we are cheats as long as we keep winning. It winds them up even more than defending the club.
Try it, trust me it works every time.
 
LangleyBlue1970 said:
Are they saying it in a banter way though? Like for if example you say to the Villa fan his team will drop off, or to the Arsenal fan his team will bottle it?

Or are they serious and full of bile and anger toward you?
Click to expand...
A bit of both i suppose but honestly, the general response i get from most fans is that we are cheating cunts.
Even fans of lower league sides gnash their teeth about our FFP issues, it's way more than just the likes of Liverpool, Utd or Arsenal fans being jealous.
Most of the time i just laugh it all off but now & again i end up losing my head over it and tell them to fuck off ha.
Not many want to talk football anymore, it's all about these fucking charges
 
MCFC: Were ready. Name a date...

PL: Can you gives us a couple of years to destroy your clubs reputation and our lawyers can find something on you so we can justify the delay for, and give you with a world record fine for say...The wrong colour goal nets?
 
Last edited:
bluemoon32 said:
A bit of both i suppose but honestly, the general response i get from most fans is that we are cheating cunts.
Even fans of lower league sides gnash their teeth about our FFP issues, it's way more than just the likes of Liverpool, Utd or Arsenal fans being jealous.
Most of the time i just laugh it all off but now & again i end up losing my head over it and tell them to fuck off ha.
Not many want to talk football anymore, it's all about these fucking charges
Click to expand...
Then in that case, follow Blue Mists advice. Also tell them their breath stinks of cocks.
 
Milesvk said:
I listened again to the 93:20 podcast with steffan when the CAS decision first came out. I'm trying to think what could the Premier league have on us that's different because the main points was UEFA only had emails with no supporting evidence. So he talks about the esihlat deal being time barred and not concluded by CAS. I think the issue with esihlat was it seemed mansour put up the sponsor money then later recovered from esihlat which I think @Prestwich_Blue has stated this was the case but UEFA accepted that. Could the Premier view this differently and state that this is against their rules and if so would this make it a different fight to UEFA?
Click to expand...

Not for me, firstly if it was Sir Jim it wouldn’t be viewed with suspicion. Also it is unsure how Mansour did it, as owner of City he put in equity in the form of a Directors loan knowing the business was due a chunk of money later. This must happen in a lot of businesses.

If he paid it on behalf of Esihlat and they paid him back, that would be a bit more unusual.

Ultimately if the money has been paid by Esihlat, it could not be equity designed as sponsorship.
 
Milesvk said:
I listened again to the 93:20 podcast with steffan when the CAS decision first came out. I'm trying to think what could the Premier league have on us that's different because the main points was UEFA only had emails with no supporting evidence. So he talks about the esihlat deal being time barred and not concluded by CAS. I think the issue with esihlat was it seemed mansour put up the sponsor money then later recovered from esihlat which I think @Prestwich_Blue has stated this was the case but UEFA accepted that. Could the Premier view this differently and state that this is against their rules and if so would this make it a different fight to UEFA?
Click to expand...
Although the Etisalat sponsorship was time-barred under UEFA rules, CAS still looked at it and found there was nothing untoward. The PL's Profit & Sustainability rules came into being after the Etisalat contract was done and dusted, plus they're nowhere near as detailed as UEFA's FFP rules.

FFP specifically talks about, and doesn't allow, 'disguised equity payments', which is owners putting in money as revenue. PL's rules talk about "acting in good faith", "presenting accurate accounts" etc. Very generic in other words.
 
Blueroses said:
Saw this guy Harris guy on my feed.
What is happening guys seriously this usual vitriol has gone up a level.

Thread on us pretty much being corrupt, burying the case. Big swear campaign.

Lost his job apparently I read here but to pup out these kind of tweet I hope clubs sures him for real. We are too placid that these kind of things happen but this went over the line.

200k followed taking this as this as gospel. Probably paid off to continue this is abnormal.


Thread starts here



———————key tweet I saw qrt by someone saying we will be cleared by we are guilty.
Click to expand...


He's re-posted his thread from the other day that was commented on here. He got his facts wrong again in that thread.

He's now added the Braham Diaz story with email AND goes on to invite whistleblowers from City emploeyees.
 
Last edited:
bluemoon32 said:
A bit of both i suppose but honestly, the general response i get from most fans is that we are cheating cunts.
Even fans of lower league sides gnash their teeth about our FFP issues, it's way more than just the likes of Liverpool, Utd or Arsenal fans being jealous.
Most of the time i just laugh it all off but now & again i end up losing my head over it and tell them to fuck off ha.
Not many want to talk football anymore, it's all about these fucking charges
Click to expand...
Ask them, what exactly are these charges?
 
Bluesince1979 said:
I swing back n forth about what i think/hope/dread/ will be.

Part of me thinks, “how can the Prem get this so wrong. Surely the level and seriousness of these accusations means they MUST have something on us. Would they risk the credibility of such a huge worldwide organisation on a whim or at the behest of certain clubs.

Then u swing back to the robust nature in the way City And our powers that be have defended themselves and come out fighting , saying we are 100% innocent and will prove it.

One thing is for sure. One side has got this VERY wrong.
Click to expand...
If the PL fails to prove their case, could there be a call for Richard Masters to publicly state why he pursued this line of action despite having little to no new evidence?
In other words, was undue pressure put on the PL to proceed with these charges?
If yes, then by whom?
 
Pablo ZZZ Peroni said:
He's re-posted his thread from the other day that was commented on here. He got his facts wrong again in that thread.

He's now added the Braham Diaz story with email AND goes on to invite whistleblowers from City emploeyees.



View attachment 104450
Click to expand...
He’s obsessed and, by all accounts, untouchable due to his fragile mental health.

Out of all our (many) detractors he is the most desperate to see us get absolutely destroyed.
 
Fuzzy80 said:
Not for me, firstly if it was Sir Jim it wouldn’t be viewed with suspicion. Also it is unsure how Mansour did it, as owner of City he put in equity in the form of a Directors loan knowing the business was due a chunk of money later. This must happen in a lot of businesses.

If he paid it on behalf of Esihlat and they paid him back, that would be a bit more unusual.

Ultimately if the money has been paid by Esihlat, it could not be equity designed as sponsorship.
Click to expand...

The documents filed at CAS show the money due from Etisalat (for the period under review) was paid by ADUG and then reimbursed to ADUG by Etisalat.

They also explain why.
 
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