Manchester City’s Financial Doping

[Gooner Zig]

Reading the blue moon comments re auditors im reminded of the PWC - BT Italy case. PWC were fined over 2 million for audit failures. The idea that large auditors do not make mistakes or apply proper scrutiny isn't one that really stands up. In this case PWC missed 500m in accounting fraud.

Edit.
Also PWC have a history of fines for failures. Im only picking on PWC as i was offered a job there and turned them down and know of this case.

A quick Google shows other firms like KPMG were fined over 20m for failings with total fines for firms coming in over 46m.

KPMG hit with half of UK accounting fines as penalties reach new record

Fines across the industry rose to £46.5mn last year, according to watchdog

www.ft.com

Audit firms are routinely fined for ****ing up massively. The biggest example being Enron and the resultant destruction of Arthur Anderson which used to be the biggest player in the Financial Services industry.

 

[GoonerJeeves]

Surely if the Premier League want to avoid an independent regulator, they have to show that they are masters of their own house...and in control of their own competition.

 

[bingobob]

Uefa suspended City for 2 years. Bearing in mind their case was not as wide ranging or extensive as the PL case i find it hard to understand why anyone thinks the PL will or can give City an easy ride. If the case against them is proven they will be demoted.

With that will come massive financial losses. No CL money, no Pl money. Huge reduction in match day income all the while retaining massive overheads, fines etc. The reality is City are in deep **** if this panel uphold the case against them. Even if large parts are dismissed some reports 50% being upheld will be enough to damage them severely. They need to win a large percentage if not all of the case against them.

 

[2Smokeyy]

No hard feelings Citehhhh fans but the game is the game. Hopefully our club is pestering the PL every day for any updates.

 

[SuperGoon]

 

[Heskey]

ARTETAAAAAAAAAAAA

He's making a list, he's checking it twice, he's gonna report the bookings weren't fine.

 

[Heskey]

Wouldn't be the first time Mikel kept a dossier of the goings at a club he was part of.

 

[Diesel]

Sky sports says lots of PL clubs are demanding relegation

Also proceeded to say epl teams have no intention of entering or backing investigation. Man city will use any means necessary to get outta this. Epl will eventually fold when this is settled. They have a state backed team. Meanwhile newcastle watching and taking notes.

 

[Rex Stone]

Relegation is never going to happen surely?

Surely a massive points deduction and a fine at worst

 

[Heskey]

 

[GoonerJeeves]

View attachment 12992

He looks more than capable.

 

[TH14shahriar]

Who you think is the snitch? My bet is Milner or Yaya. Arteta? No way if we're being serious.

 

[Diesel]

Relegation is never going to happen surely?

Surely a massive points deduction and a fine at worst

I bet at worst its 1.5 years transfer window. No expulsion. "Teams" wanting to relegate them also dont wanna step up and put their money where their mouth is... bet you teams not responding include newcastle and chelsea. Arsenal united and pool probably harassing epl but will never go public. We are about to see to what lengths a state backed team will go to protect themselves. Money is easy. U better hope u have an Arsène wenger type ideological figure head leading the panel otherwise im not buying any of this ****. Dont get me wrong everyone including me been saying for years that their revenue doesnt make sense without illicit sponsors and rumor about off the book wages was always out there. If an independent body reviews it then you have to hope they arent susceptible to bribes and black mails. Because i would put nothing past em.

 

[jones]

Manchester City's Jude Bellingham pursuit threatened by Premier League charges

City have substantial funds to spend on a summer rebuild thanks to player sales but could see plans scuppered

www.telegraph.co.uk

Scenes when instead of relegation City spend over one thousand million pound sterling on five players next summer

 

[A_G]

Who you think is the snitch? My bet is Milner or Yaya. Arteta? No way if we're being serious.

There is no snitch, it came from a parody account.

 

[A_G]

 

[Taneruit]

Relegation is never going to happen surely?

Surely a massive points deduction and a fine at worst

It can. Depending on how much sticks nothing is off the table. It's big enough.

Except title stripping as much as Liverpool and United fans are clamouring for it.

 

[field442]

Relegation is never going to happen surely?

Surely a massive points deduction and a fine at worst

I feel like if found guilty there should be at least a points deduction. If you look at Saracens who have pretty much been the Man City of rugby in recent years, they were deducted 105 points to make sure they got relegated

The punishment will determine how hard City fight it IMO. If the Commission give their verdict before the season ends and City are out of the title race I think they'd accept a points deduction, even if it meant no top 4.

 

[BaZZe]

 

[Sanchez11]

Blue moon in denial, fvck em biggest plastic club going. Got outsung by the Arsenal at the Eithad fs.