PL charge City for alleged breaches of financial rules

[Keeper!]

 

[slbsn]

Not even costs?

may get costs

 

[SilverFox2]

So nothing has changed and we still have to wait months for it to even start. And then we have to wait until next year for the decision, and that might be moved back too.

Nonetheless PL, you have given us the siege mentality that will take us to a fifth title. Perfect timing.

Last paragraph makes sense to me.
The madia just want clicks but the messages they send seem to stimulate the Club, the players and the fans.

 

[manimanc]

View attachment 128245

Love this.

This wasn't how the Premier League and the media planned it.

They wanted it to read zero.

We've fucked them right up.

Next...

 

[TinFoilHat]

View attachment 128245

Shit business model but have one of the best marketing teams in the country.

That as will boil piss and I love it.

 

[TedofChume]

Hopefully this will cheer you all up!


I have done some analysis of the PSR case based on the information provided by Rui Pinto and Der Speigel, here:

Manchester City's Cozy Ties to Abu Dhabi: Sponsorship Money – Paid for by the State

Since the sanctions imposed on Chelsea owner Roman Abramovich, links between English football clubs and authoritarian states have been in the spotlight. Internal documents show that Manchester City has received funding from a government agency in Abu Dhabi.

www.spiegel.de

Der Spiegel released the above information two months after City were charged, with the aim of driving the nail in the coffin, but their evidence really sucks and their analysis of it is just naive.

Firstly from reading the PDFs of the documents they share to download (RM.pdf, ADUG,pdf and FFP.pdf), I am pretty certain City haven't actually done anything wrong and should be cleared of all charges.

Allegation 1 is complicated to understand, but the evidence doesn't match what they are claiming at all and it just doesn't add up. A more logical explanation is the one I put forward. I might be wrong about this, but it makes sense to me, you might need to be an accountant to follow the argument though.

The other points I make should be a lot easier to follow.

I've done a worst case PSR calculation (Allegation 4), by going through City's accounts and adding it all up, and concluded that the sums would be:

2013-2016: -£108,113,000
2014-2017: -£75,263,000
2015-2018: -£66,157,000

The limit is -£105,000,000

In other words a minor breach of PSR in the first period of £3million (c.f. Everton £19m & Forest £30m).

Remember, this is if we have done everything they have accused us of and our combined sponsorship deals are re-valued at the Thomas Cook rate (£2m) that we had way back before the Eithad deal. Valuing the deals at say £3.1m or higher means City don't break PSR at all.

How could the Premier League have got this so wrong? Well, we know they rushed it all through, and I don't think they considered that City can adjust their earnings (AEBT) by the depreciation on the building of the Etihad Campus. This completely destroys their case.


Summary: Overview of the Allegations

The Flawed Case Against Manchester City: - Man City Stuff

A Deep Dive into Der Spiegel's Misguided Allegations On April 7th, 2022, Der Spiegel published an article aimed at substantiating the claims against Manchester City, drawing on a collection of redacted emails and scanned documents as their primary evidence. However, after closely examining the...

mancitystuff.co.uk

Allegation 1 Analysis : Inflated Sponsorship

Allegation 1 – Inflated Sponsorship Deals Paid for by ADUG - Man City Stuff

Part 1 - Financial Issues This section references the downloadable files found on this article at Der Spiegel - HERE In the complex and secretive world of football finance, discerning truth from manipulation is no easy task. The case surrounding Manchester City and the emails leaked by Rui...

mancitystuff.co.uk

Allegation 2 Analysis : Mancini and Toure

Allegation 2 – Mancini and Toure - Man City Stuff

This section references the downloadable files found on this article at Der Spiegel – HERE Preamble In the murky world of leaked documents and high-stakes legal battles, it's hard to discern what's authentic and what isn't. UEFA, in its case before the Court of Arbitration for Sport (CAS)...

mancitystuff.co.uk

Allegation 3 Analysis : FFP - The Own Goal

Allegation 3 – The Own Goal – City Breached UEFA FFP - Man City Stuff

In the intricate landscape of football regulations, one of the key charges against Manchester City revolves around the allegations made by the Premier League is that the club breached UEFA’s Financial Fair Play (FFP) rules for three consecutive seasons. However, this charge by the Premier League...

mancitystuff.co.uk

Allegation 4 Analysis : It simply doesn't add up

Manchester City Allegation 4 – Analysis - Man City Stuff

A proper look at how the numbers add up. In the intricate web of football finance, where numbers and figures can often be as slippery as the pitches the players compete on, the case against Manchester City and the financial practices under scrutiny require a deep dive into the club's financials...

mancitystuff.co.uk

I've also got a video that I have put together showing how the Premier League have altered their statement on 06 feb 2023 multple times since and a few other points about this. I need time to finish them off. I will rpeort back when they are live!

 

[TedofChume]

"Overturning" was in inverted commas, as the criminal courts can't actually overturn a civil court judgement, of course.

I am surprised, though, that you think there wouldn't be a criminal investigation if it was found in a civil court that the directors had knowingly and deliberately filed fraudulently incorrect accounts for a decade. The idea that breaching the legal requirements of the Companies Acts isn't serious enough unless HMRC has been undercut is odd to me. All the major players are directors of other UK companies. There is no public interest in making sure they can't do this again, or that they are suitable to be in charge of a company?

You may be right. Just seems strange to me. I would have thought a criminal investigation would be inevitable ....

Sorry I have not been on for a while.

This sort of thing is so rare, you really have to have done something really bad and cost someone (usually the government ie HMRC) a lot of money. As I say, prosecuting would mean accounts would have to be ammended and millions of pounds of VAT repaid to City, that's not a mess the government or any prosecutors would want to get themselves into.

 

[bluemonkey71]

@TedofChume some good work there fella.

 

[TedofChume]

@TedofChume some good work there fella.

Thank you

 

[Jack74]

Hopefully this will cheer you all up!


I have done some analysis of the PSR case based on the information provided by Rui Pinto and Der Speigel, here:

Manchester City's Cozy Ties to Abu Dhabi: Sponsorship Money – Paid for by the State

Since the sanctions imposed on Chelsea owner Roman Abramovich, links between English football clubs and authoritarian states have been in the spotlight. Internal documents show that Manchester City has received funding from a government agency in Abu Dhabi.

www.spiegel.de

Der Spiegel released the above information two months after City were charged, with the aim of driving the nail in the coffin, but their evidence really sucks and their analysis of it is just naive.

Firstly from reading the PDFs of the documents they share to download (RM.pdf, ADUG,pdf and FFP.pdf), I am pretty certain City haven't actually done anything wrong and should be cleared of all charges.

Allegation 1 is complicated to understand, but the evidence doesn't match what they are claiming at all and it just doesn't add up. A more logical explanation is the one I put forward. I might be wrong about this, but it makes sense to me, you might need to be an accountant to follow the argument though.

The other points I make should be a lot easier to follow.

I've done a worst case PSR calculation (Allegation 4), by going through City's accounts and adding it all up, and concluded that the sums would be:

2013-2016: -£108,113,000
2014-2017: -£75,263,000
2015-2018: -£66,157,000

The limit is -£105,000,000

In other words a minor breach of PSR in the first period of £3million (c.f. Everton £19m & Forest £30m).

Remember, this is if we have done everything they have accused us of and our combined sponsorship deals are re-valued at the Thomas Cook rate (£2m) that we had way back before the Eithad deal. Valuing the deals at say £3.1m or higher means City don't break PSR at all.

How could the Premier League have got this so wrong? Well, we know they rushed it all through, and I don't think they considered that City can adjust their earnings (AEBT) by the depreciation on the building of the Etihad Campus. This completely destroys their case.


Summary: Overview of the Allegations

The Flawed Case Against Manchester City: - Man City Stuff

A Deep Dive into Der Spiegel's Misguided Allegations On April 7th, 2022, Der Spiegel published an article aimed at substantiating the claims against Manchester City, drawing on a collection of redacted emails and scanned documents as their primary evidence. However, after closely examining the...

mancitystuff.co.uk

Allegation 1 Analysis : Inflated Sponsorship

Allegation 1 – Inflated Sponsorship Deals Paid for by ADUG - Man City Stuff

Part 1 - Financial Issues This section references the downloadable files found on this article at Der Spiegel - HERE In the complex and secretive world of football finance, discerning truth from manipulation is no easy task. The case surrounding Manchester City and the emails leaked by Rui...

mancitystuff.co.uk

Allegation 2 Analysis : Mancini and Toure

Allegation 2 – Mancini and Toure - Man City Stuff

This section references the downloadable files found on this article at Der Spiegel – HERE Preamble In the murky world of leaked documents and high-stakes legal battles, it's hard to discern what's authentic and what isn't. UEFA, in its case before the Court of Arbitration for Sport (CAS)...

mancitystuff.co.uk

Allegation 3 Analysis : FFP - The Own Goal

Allegation 3 – The Own Goal – City Breached UEFA FFP - Man City Stuff

In the intricate landscape of football regulations, one of the key charges against Manchester City revolves around the allegations made by the Premier League is that the club breached UEFA’s Financial Fair Play (FFP) rules for three consecutive seasons. However, this charge by the Premier League...

mancitystuff.co.uk

Allegation 4 Analysis : It simply doesn't add up

Manchester City Allegation 4 – Analysis - Man City Stuff

A proper look at how the numbers add up. In the intricate web of football finance, where numbers and figures can often be as slippery as the pitches the players compete on, the case against Manchester City and the financial practices under scrutiny require a deep dive into the club's financials...

mancitystuff.co.uk

I've also got a video that I have put together showing how the Premier League have altered their statement on 06 feb 2023 multple times since and a few other points about this. I need time to finish them off. I will rpeort back when they are live!

Fair fucks for putting your own time into this mate