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The only thing that will clear this up is a thorough independent investigation and I think it would be in City’s best interests too otherwise they will be tainted by these allegations forever.
I’m not sure it’s just City either I think there are things that PSG need to answer for too which is surely why UEFA have reopened their investigation against them again even UEFA themselves are tangled up in all of this if the allegations are true.
It now falls to Aleksander Δeferin as President of UEFA who has always talked tough on FFP to ensure that a thorough independent investigation happens and if it doesn’t I’m not sure where FFP goes from there.
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The UEFA investigation into PSG relates to their purchases of Neymar and Mbappe. That should be investigated, and they should investigate whether or not they used the same tricks that have been alleged about City. However, the idea that all clubs are doing this is not what Der Speigel are claiming. They have only made the allegation against one club.
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And you thought I had it “bad” for Maureen… π
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All best left there now imo the ball is now in UEFA’s court as to whether they are prepared to take this further or not or indeed can do legally given how the information was obtained allegedly they are taking legal advice on that?
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Anybody else remember when football was decided on the pitch?
I miss those days, the game is eating itself!
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Oh you do Chucky, you do.
I deal in facts though, and am happy to discuss anything which is inaccurate.
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Never said I didn’t cyber chum, Maureen is a 100% prize plum twerp and I wish for nothing but an utter disastrous continuation of his career and all the plum-nut clubs who employ him! π
Okay, can I ask your feelings on your club being the most “in-debt” club in the world? What was it, 450 million or something? Or are we going to suggest it isn’t against the rules or something?
With all due respect, greenhouses and all that?
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Are you seriously trying to suggest that a club with debt is the same as a club who cooked the books, changed sponsorship deals at will to cheat competition rules, hid payments to players, falsified accounts etc?
However Chelsea are the most in debt club in the world, with around Β£1bn. I assume spurs wonβt be far behind.
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Fair do’s, but my point was it’s all paperwork, football should be about what happens on the pitch. The rules MoneyCity may have broken were/are stupid. The reason behind there creation was stupid. This current “financial” microscope football finds itself under is stupid. The game is eating itself.
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Chuky, you are absolutely right, football is now secondary to the management of football. Are or were the Rules set up in the first place correct anyway? As stated previously the game needs a complete overall but nobody is likely to take that challenge up unless media, sponsors do and that to me is a death knell. What happens now will have repercussions not matter how the verdict falls. Its a bit like Brexit..all talk…nobody has the good of the game at heart only self interest.Corrupt organisations will cover there backsides. As to the Book keeping at clubs, there are rules, accounts have to be signed off by somebody and HMTax will be involved at that point, so why all the startling comment by der Spigel that the Tax man ia now after City? Any common sense Tax officer will look at a club like City and others as a matter of due course….unless they are now suggesting HMTax are involved in a fraud!!!!! It is all getting weired, lets stick to football on the pitch, as fans, we can do nothing to sort out financial affairs. For me , it is a case of be careful of what you wish for, following the accounts creed…the devil is in the detail
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As some of you know from old discussions, I am a Chartered Accountant and during my career I was a tax specialist. I worked mainly in London and dealt with many very large organisations.
If HMRC had a sniff they would be there. They have special industry units.I think City have probably sailed close to the wind but probably not crossed the line on FFP AS IT WAS.
There is a whiff here of worry by some clubs that they cant compete. Anything from La liga =pot and kettle.
Rules can so easily be circumvented legally. Sadly this is not about morals.
I recall doing many assignments moving companies into low tax areas not being subjected to UK tax and avoiding UK anti-avoidance AND TOTALLY LEGAL under UK tax law.
All clubs use schemes. Many footballers are “employed” by image rights companies set up in the Isle of Man etc. I could name several I know about. They in effect paid 2% tax by way of employee loan schemes…etc etc etc.
The problem is not City it is the stupid FFP scheme specifically set up to stop the challenge to the established elite. It would never work as it is anti- competetive.
This is sounding like a lecture, But believe me FFP as set up would have exposed UEFA in the courts. So easy it would have been embarrassing
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PS
Chucky I 100% agree with you.
Just like Brexit nobody thought about the ramifications. Just the ideology of the priviledged few._____________________________
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What a shock it is that some people think there may be something underhanded about massively inflated sponsorship deals from club owner controlled organisations.
Perish the thought!
Well I never!
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Adlab, all the top European club’s are signatories to FFP any Club who signed up to FFP agreed to accept those rules and abide by those rules and if they don’t abide by those rules then they should expect to be punished.
The allegations against both City and PSG are currently just allegations what needs to happen now is that those allegations need to be investigated by a credible third party and the findings should be passed to UEFA if any Club’s no matter who they are have broken the rules then they should be suitably punished.
Just this Summer AC Milan were found to have broken the FFP rules and we’re banned from competing in Europe for a season although that ban was overturned under appeal by CAS as being too harsh who instructed UEFA to administer a more suitable punishment yet to be confirmed. That’s due process and all Club’s are entitled to that.
Firstly though in the cases of City and PSG there needs to be a thorough investigation by a third party to discover whether there is any truth in these accusations.
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Nine…correct a thourough investigation is needed but must include the sources being investigated as well on how they obtain information and from who.
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Brian, if the information has been obtained illegally those that obtained if must be held to account however that doesn’t change the fact that if PSG and City have broken the rules they should be held to account too.
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Nine. My understanding is that information true or false is obtained illegally it cannot be admissable unless it is absolutely needed in a criminal case or where there is major public interest rather than a commercial environment.
Have a read
Manchester City Fans Should Expect Another FFP Investigation – Part 2
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Adlab, if an investigation is announced by UEFA they will almost certainly appoint independent experts with forensic accountants and experts in such investigations to internally and thoroughly investigate both Club’s to establish the validity of those allegations.
UEFA won’t rely on the leaked information to establish whether either City or PSG have a case to answer. We need to wait and see whether UEFA announce such an investigation.
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My guess is that this is old hat and taken account of largely in the settlemen Also why did City sign a confidentiality agreement. Its only a guess but I suspect UEFA have broken competition law which would really open Pandora’s box in respect of cartel arrangements but we will see
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Adlab, come on mate it is obviously not old hat or taken in to account in the previous punishment
Great summary on it by Klopp.
It is really difficult to comment but what I can say in general is that FFP is a really good thing,”
“But we always thought that, if it is in place, they have to do something with it. I have no clue what happens. I know it is about Paris and Man City. I’m not sure if other clubs are being talked about.
“I think FFP is a really good thing because it sets the rules. If everything is fine, then everything is fine.
“If not, then somebody should do something. That’s all I can say but I have no clue about the real story.”
It’s in UEFA’s court now and rather than speculate we need to wait and see what their decision is.
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