It’s far from as simple as that
The sale took place circa 10 months ago the league will have had all sorts of submissions made one of which will have been the supply of future financial information in that information details of how any gap showing up under T or T+1 in PSR submissions would have been detailed. Had the PL not been happy with Chelsea’s submissions then they would have applied other requirements just as they did with Everton.
Stephan in the TS segment was understandably making a significant of assumptions but without inside knowledge most of those assumptions are simply guesswork
Your right about swimming against the tide but a lot of what he puts forward is valid and is well written.Their City/ffp thread is on rawk levels of delusion, none of them can accept basic facts and live in a fantasy world where they think they deserve to be top dogs forever. The Ipswich/City fan is doing a great job but he's swimming against a tide of shit.
The uncle Tom poster 'Padr' is nowhere to be found.
One way round all this could be a review process in which UEFA, the PL etc when they see a return that gives them some concern, turn it over to an independent body to review. The review could recommendWell here's the thing... There was a time (not too far in distant memory) when football fans attended football matches, watched the game & had banter with fellow & opposition fans about what happened on the pitch.
Manchester City have changed this forever! Chelsea aren't skint, & can evidently afford the £Billions Bohely is happy to spend on turning his club into a Superpower.
In any other sphere of business, this would be seen as perfectly fine, but because of the FFP/PSR that UEFA/G14 & the PL have brought in to nobble City, other clubs are inadvertently being forced to pull all manner of accounting sophistry in order to remain compliant against the rules they approved purely to stop an opponent from competing with the elite cartel clubs, who had complete control & dominance over football.
Do UEFA or the PL REALLY think these constant financial battles are a good look for the beautiful game? When you step back & take a global overview of what modern football has become, it beggars belief that it's come to what we see today.
And I repeat, none of this was brought about to promote sustainability in football. It was all a mechanism to stop City, which is now crippling those who signed up to it.
Again, what about the football?
that was the initial punishment before appealFew united fans on twitter saying we got a suspended 2 year ban from UEFA
Whereas accountants have us splitting our sides.Fair enough. I checked as well :)
Edit: Maybe lawyers shouldn't try to be funny. Speaking as a member of the accountancy profession, I can say they aren't very good at it :)
To be fair to the PL, yep I said that, leading up to the charges we didn’t really know a lot of any detal.I still can’t fucking believe that there wasn’t any leaks. How come every detail around our club false or misleading gets leaked & yet this, not a fucking murmur in 10months.
Wasnt suspended thothat was the initial punishment before appeal
Whereas accountants have us splitting our sides.
QED1. Welcome to the accounting department, where everybody counts.
2. A fine is a tax for doing wrong. A tax is a fine for doing well.
3. What do you call an accountant with an opinion? An auditor.
4. How does Santa’s accountant value his sleigh? The Net Present Value.
5. Why are accountants so cool, calm, and collected? They have strong internal controls.
6. What do you call a trial balance that does not balance? A late night.
7. What do accountants suffer from that ordinary people don’t? Depreciation.
8. They say that two things in life are unavoidable: death and taxes. At least death only happens once!
9. There are two steps to creating a successful accounting business: (1) Don’t tell them everything that you know. (2) [redacted]
10. For every tax problem encountered there is a solution that’s straightforward, uncomplicated, and wrong.
BoBoom.....
You only have to look at them all at the races and at united matches still all over Ferguson. Allardyce is the worst, makes you wonder how many matches his teams threw away when he was in charge. It's absolutely desperate behaviour.I think it’s at least partly personal with these fuckers. They had a great little thing going, like a cosy, private club. United, Arsenal, Sky pundits, “Sir Alex” “Harry” etc. It was the best of days and they thought it would go on for ever. City came along and fucked it up for them and they genuinely despise us for it.
One of my favourite accountant jokes is how to choose an accountant.Whereas accountants have us splitting our sides.
QED
An accountant is someone who knows the price of everything and the value of nothing.
There's a more fundamental issue involved here. Getting back to basics, why can't an owner spend his/her/their own legally acquired money how they wish on their business?One way round all this could be a review process in which UEFA, the PL etc when they see a return that gives them some concern, turn it over to an independent body to review. The review could recommend
i) nothing amiss
ii) not clear. Warn the club but do not take action.
iii) prima facie case. Consider formal action.
If this is done privately, consulting the club and asking for their comments, a lot of the public shenanigans could be avoided, leaving the game looking more sensible.
There's a more fundamental issue involved here. Getting back to basics, why can't an owner spend his/her/their own legally acquired money how they wish on their business?
Football 10 years ago?Is there a popular professional team sport without financial controls?
Extra like for use of the word “flummoxes” :)There's a more fundamental issue involved here. Getting back to basics, why can't an owner spend his/her/their own legally acquired money how they wish on their business?
Where the PL & UEFA should step in is if the owner loans money to the club & it's on the books as a repayable debt, or commercially borrows the money & levies the debt against the club, & it's at an unsustainable level which the club can't repay without the owner's wealth keeping the club afloat.
If the owner stands for this debt personally, what's the issue? What the PL & UEFA should also do is ensure annually that total club debt (outside of long-term infrastructure costs like a mortgage, but including repayment costs) shouldn't be more than 25% - 30% of the club's gross annual turnover.
This approach would encourage football investment & grow the brands involved, whilst protecting clubs against reckless, profligate owners willing to gamble a club's existence in pursuit of success.
What the PL & UEFA are doing isn't protecting the clubs from themselves or reckless owners, they're protecting the elite cartel clubs from outside competition, whilst stifling investment from ambitious, but responsible owners.
What flummoxes me is why the clubs in the chasing pack can't see the sense & nonsense in any of this? It's not like City haven't been warning them for the last decade...
Is there a popular professional team sport without financial controls?
There's a reason that football, cricket, rugby, baseball, basketball, fomula 1, NFL, Hockey etc. all have cost controls, and it's because sport isn't actually that fun to watch when it devolves into a competition of who spends the most.