UEFA FFP investigation - CAS decision to be announced Monday, 13th July 9.30am BST

[tolmie's hairdoo]

What’s happening with the 500m injection from us company oakview
When and how can we use that cash

The money is in the group. It was supposed to be appropriated for CFG expansion and new systems, but the funds can be used as and how CFG sees fit.

Put it another way, there is no other club who find themselves in such a fortunate position.

 

[ganganvince]

Now that I would pay to see!

I don't think Uefa will have any money left by then, though!

I am pretty sure all clubs sign that they can't sue UEFA for damages could be wrong.

 

[Bodicoteblue]

I am pretty sure all clubs sign that they can't sue UEFA for damages could be wrong.

That sounds like the kind of spurious arrangement that is crying out to be legally challenged.
The idea that anyone could indemnify themselves against committing a breach of the law with an in-house type of agreement sounds like the sort of thing that led to the Bosman case and the subsequent warnings uefa received about overstepping their remit.
Carte- Blanche to say or write what you want about anyone without fear of legal retribution sounds right up uefa’s incredible street of shame.

 

[give it to gordon]

I am pretty sure all clubs sign that they can't sue UEFA for damages could be wrong.

Really ?....so UEFA stop owners investing as much as they want in their business, also if UEFA screw you over and you prove them wrong you can't sue them ?. Talk about having your cake and eating it !

 

[ganganvince]

Really ?....so UEFA stop owners investing as much as they want in their business, also if UEFA screw you over and you prove them wrong you can't sue them ?. Talk about having your cake and eating it !

I could be wrong but I am sure I read that you cant be involved in any affiliated competition if you sue UEFA.

 

[Prestwich_Blue]

What if we accept we’re ban for next season and win at cas
Can we then sue uefa to the high heavens?

In theory yes we could. But in practice, we'd have to show we'd taken all possible steps to mitigate our losses, which would mean we'd need to show we'd asked for a suspension of the ban. If we'd done that and been refused, we'd sue the arse off them.

 

[BluessinceHydeRoad]

I believe that the procedure for dealing with breaches of FFP established by UEFA is that the alleged breach is investigated by the IC and a sanction is suggested. The AC, which is totally independent of the IC even though it too is appointed and paid by UEFA, then considers the proposed sanction and either confirms it or does something completely different. If the clobbered club is unhappy at the sanction meted out, or unreasonably actually believes both chambers have ignored its evidence and pronounced a perverse verdict and imposed a totally unjustifiable sanction, they may appeal only to CAS. CAS is, of course totally independent even though it's financed by sport's governing bodies and it doesn't enforce EU law and won't consider the question of whether UEFA's regulations are actually enforceable at law. There, as far as UEFA is concerned, the business must end even though compelling appeals to be only to CAS was recently ruled a violation of human rights since it allows only arbitration, and in the case of our friend Bosman UEFA's regulations were actually unlawful. Not that UEFA are a bunch of crooks. What was it Khaldoon said again?

 

[KS55]

The money is in the group. It was supposed to be appropriated for CFG expansion and new systems, but the funds can be used as and how CFG sees fit.

Put it another way, there is no other club who find themselves in such a fortunate position.

If you are referring to the investment by Silver Lake, CFG said at the time that the investment was to enhance CFG's global IT, and for a stadium for NYCITY. Since Silver Lake is a US fund, the stadium would be what their investors would like to see.
Edit PS. If they decided to spend it on Mbappe and a left back, I would not object.

 

[Tb1981]

In theory yes we could. But in practice, we'd have to show we'd taken all possible steps to mitigate our losses, which would mean we'd need to show we'd asked for a suspension of the ban. If we'd done that and been refused, we'd sue the arse off them.

Let’s hope we have this irrefutable evidence then eh?
All I have heard so far sounds bad
If we’re arguing the process only I would say were screwed and probably guilty
I just hope they have held a golden nugget back waiting for the right time!!

 

[domalino]

I never said they could. I said if the appeal drags on and we subsequently take part in next season's comp, should we then fail to overturn, we would have the club in fifth and the club in ninth (having missed out on Europa League) going after not only the loss of competition monies but also from sponsors.

I don't see how we would be liable and not UEFA in that situation.

They are the ones who allow people to enter the competition and they have made themselves responsible gatekeepers by being the organisation that checks compliance with the financial rules.

If they let a club who isn't supposed to play in at the expense of another...it's UEFA's fault.

 

[LucahArchie10]

What’s happening with the 500m injection from us company oakview
When and how can we use that cash

You mean £400mfrom Silver Lake & £300m from CMC

 

[LucahArchie10]

You mean £400mfrom Silver Lake & £300m from CMC

And that's the reason we will survive + the turnover we would have from 2019-20 we are in aver healthy state even better if this season finishes inc Champs league.

 

[Tb1981]

You mean £400mfrom Silver Lake & £300m from CMC

Yes that’s the one
Maybe confusing the new arena company, think they are linked to each other

 

[blue oli]

And that's the reason we will survive + the turnover we would have from 2019-20 we are in aver healthy state even better if this season finishes inc Champs league.

CFG are, not Manchester City. All that money went into CFG.

 

[richards30]

CFG are, not Manchester City. All that money went into CFG.

khaldoon can assign the money as they see fit though?

 

[Centurions]

Yes that’s the one
Maybe confusing the new arena company, think they are linked to each other

Oak View (who are building the arena) are funded by Silverlake.

 

[Ric]

Not sure how authoritative those two "experts" (John Shea and Christopher Flanagan) are, but they didn't sound particularly confident of our chances in winning the appeal, to me at least.

 

[Prestwich_Blue]

Not sure how authoritative those two "experts" (John Shea and Christopher Flanagan) are, but they didn't sound particularly confident of our chances in winning the appeal, to me at least.

They didn't seem to know what the issue was though. They've just repeated the slur that we overstated our income, which we didn't. If Etihad gave us £50m, we recorded £50m in the books. It's clear from the emails that we told Etihad the money had to be seen to be coming from them. How they got the money is none of City's business as long as they paid us what they had agreed to.

Let's say you borrowed £500 off a mate and agreed to pay it back in a month. When the month is up, you only have £100 so you borrow £400 off someone else and use that to repay the £500. Does the person you've borrowed the £500 from give a toss where the money you repaid came from? Does he refuse to accept the other £400 as it's not from you?

 

[tolmie's hairdoo]

khaldoon can assign the money as they see fit though?

Yes we can.

 

[Gordyola]

I never said they could. I said if the appeal drags on and we subsequently take part in next season's comp, should we then fail to overturn, we would have the club in fifth and the club in ninth (having missed out on Europa League) going after not only the loss of competition monies but also from sponsors.

Provide that City follow legal process, then there is no possible claim for losses, CAS rules allow for provisional and conservatory measures, if this meant we competed in ECL 20/21 because CAS haven't completed their process then that is not City's liability

R37 Provisional and Conservatory Measures
Heres the relevant chapter
When deciding whether to award preliminary relief, the President of the Division or the Panel, as the case may be, shall consider whether the relief is necessary to protect the applicant from irreparable harm, the likelihood of success on the merits of the claim, and whether the interests of the Applicant outweigh those of the Respondent(s).