PL charge City for alleged breaches of financial rules

In enemy territory today for work at the Threater of nightmares so such a shame we haven’t been cleared today
 
Xhavenjoe said:
City Chief on X: "Barça still owe #ManCity €13m for Ferran Torres. City have reportedly sold the debt to a bank — taking around 95% of the money upfront. https://t.co/IH8lO6YU1F" / X https://share.google/1nmx8ipHxJfaBxktN
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Just a couple of social media claims at the moment, although ChatGPT seems to think that 95% is a suspiciously large figure. I'm fairly certain that we don't have a cash flow issue either, so can't see why we'd do that.

We know for a fact that Liverpool did do that to some extent with Coutinho because it's apparently mentioned in Barcelona's accounts.
 
Centurions said:
Just a couple of social media claims at the moment, although ChatGPT seems to think that 95% is a suspiciously large figure. I'm fairly certain that we don't have a cash flow issue either, so can't see why we'd do that.

We know for a fact that Liverpool did do that to some extent with Coutinho because it's apparently mentioned in Barcelona's accounts.
Click to expand...
Seems like reasonable insurance against a default and money up front?
 
Centurions said:
Just a couple of social media claims at the moment, although ChatGPT seems to think that 95% is a suspiciously large figure. I'm fairly certain that we don't have a cash flow issue either, so can't see why we'd do that.

We know for a fact that Liverpool did do that to some extent with Coutinho because it's apparently mentioned in Barcelona's accounts.
Click to expand...
They just nicked my tweet and screenshot. City factored the remaining monies from Barca - we know this because Barca's accounts tells us - so it is definitely correct. Given the risk (UEFA football creditor rules) and current interest rates, I reckon it cost 5-6%pa to do so. It won't be far out. Whilst City likely don't have cashflow issues, like any business they look to use the balance sheet efficiently.
 
slbsn said:
They just nicked my tweet and screenshot. City factored the remaining monies from Barca - we know this because Barca's accounts tells us - so it is definitely correct. Given the risk (UEFA football creditor rules) and current interest rates, I reckon it cost 5-6%pa to do so. It won't be far out. Whilst City likely don't have cashflow issues, like any business they look to use the balance sheet efficiently.
Click to expand...
Ahh, I didn't know it had been spotted in their accounts.
 
Centurions said:
Just a couple of social media claims at the moment, although ChatGPT seems to think that 95% is a suspiciously large figure. I'm fairly certain that we don't have a cash flow issue either, so can't see why we'd do that.

We know for a fact that Liverpool did do that to some extent with Coutinho because it's apparently mentioned in Barcelona's accounts.
Click to expand...

Still remarkable that they only just finished spending that money on Isak.
 
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