Reply With QuoteWhy can't El Mansour do what Abramovich did and grant a billion pound loan to cover all the costs over and above income?
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Sid posted this in another thread, I thought it deserved a thread of its own
https://mobile.twitter.com/sportingintel/status/1512037912333934597
You would think that all those dissenting voices about the ESL clubs spinning their lines about 'the football pyramid' and 'the football family' to protect their own greedy interests might actually have something significant to say about City and their antics and how their inflating transfer fee and wages with their antics has an absolutely huge detrimental effect on the 'football pyramid' they pretended to be trying to protect
If they had any genuine interest in the future well being of the football pyramid and football family they'd not be lauding a sports washing side like City or failing to put incredible pressure or hold to account the refs association for some absolutely insanely without question, brown paper bag wrong decisions to gift them 4 points in a very close title race, they'd be pressuring the Premier League, The FA and the ref association to damned well do something about it
"If Everton were playing at the bottom of my garden, i'd close the curtains”
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Why can't El Mansour do what Abramovich did and grant a billion pound loan to cover all the costs over and above income?
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I think they outlawed doing that as part of FFP and that's the point, Mansour is STILL doing it through very creative accounting and dubious means after doing so was outlawed.Originally Posted by Taksin
I think Abramovich loaned Chelsea 2.7bn prior to FFP putting rules in place to prevent owners from putting their own money in
"If Everton were playing at the bottom of my garden, i'd close the curtains”
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Oh wow I didn't know that
I thought it was basically acceptable as he wouldn't saddle the club with the debt if something brought his tenure to an abrupt end (ironically)
Last edited by Taksin; 7th April 2022 at 05:17 PM.
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The criteria City are supposed to be able to satisfy is that, should their current ownership and or sponsorship end, the reasonable replacement of income from normal sponsorship deals would, with all other income, cover their costs. Crucially that means player wages must reflect normal income levels.
So El Mansour could give them, say, a billion for transfer fees as those costs are gone. But he can't do that for wages as they are ongoing.
If it can be shown that their sponsors are not giving them that money because it's a good deal, then they have violated the rules. But I thought we'd already been through this.
Sir what is going on.. things is not going according to plan. u promiss early signing. noting happen. Man u 3 player now
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Excerpt from Der Spiegel -
A comprehensive file with documents from the Football Leaks database provides evidence of a system that was apparently used for several years:
In 2012, a portion of the sponsorship money coming from Abu Dhabi was booked internally as "owner investment" – a sum of 150 million pounds.
In 2013, Pearce asked CFO Jorge Chumillas to provide an overview of ADUG payment obligations and asked that they be divided up according to "club direct payments" and "partner supplements." The documents clearly illuminate the importance of the additional supplements. In an email to Chumillas, Pearce made it clear that Etihad only had to pay 8 million pounds of the total sponsoring sum of 67.5 million pounds. According to the mail, the remaining 59.5 million pounds was extra – presumably paid by Sheikh Mansour.
For the 2013-2014 season alone, the supplements from Abu Dhabi added up to 92.5 million pounds. The information pertaining to these supplements was not meant to be shared with outsiders: "We mustn’t show the partner supplement if it is going outside the club," warned Andrew Widdowson, who was head of finance at the time, in early 2013.
In 2014, Chumillas and Widdowson discussed money that was still to be paid by Abu Dhabi-based sponsors Aabar and Etisalat. Here, too, they differentiate between the amount being paid by ADUG and the sums for which the companies themselves were responsible. Chumillas wrote: "But actually, formally, we want all of these amounts to be paid by Aabar and Etisalat right?" The answer came: "Yes if they can."
In September 2015 as well, club representatives differentiated between a payment of 60.25 million pounds and the 8 million that Etihad "should be funding directly." Chumillas and Pearce again exchanged emails about the share of sponsorship money that was to come "direct" from the company. The rest was apparently to come out of the budget of shareholder ADUG – Sheikh Mansour.
In March 2016, the 8-million-pound payment relating to Etihad’s sponsorship made yet another appearance.
Neither Manchester City nor Aabar and Etisalat responded to a request for comment.
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New findings from DER SPIEGEL and the journalism network European Investigative Collaborations (EIC) show that the holding company behind Manchester City appears to have violated the rules by paying millions in fees to player agents and also orchestrated a secret, triangular deal to sign an underage player. Numerous documents provided by the whistleblower platform Football Leaks provide a deep look at the club’s inner workings and at government agencies in Abu Dhabi – sufficient to inflict a few chinks in ManCity’s juridical defensive wall.
At Manchester City, the dividing lines between an authoritarian government and a private football club have become almost indistinguishable. Neither Manchester City nor the EAA officials responded to a DER SPIEGEL request for comment. The new revelations could create significant problems for the Premier League leaders. Already, the English football league has spent years investigating Manchester City, largely out of the public eye. According to information obtained by DER SPIEGEL, that investigation is focusing on three primary allegations.
1. Underage players were allegedly pressured to sign contracts with Manchester City through monetary payments, in violation of the rules.
2. Club sponsors in Abu Dhabi are suspected of having provided only a portion of their payments to the club themselves, with the majority apparently coming from Sheikh Mansour himself.
3. Roberto Mancini, who is currently the trainer for the Italian national team but who spent the years from 2009 to 2013 as the trainer for ManCity, is thought to have received a significant portion of his compensation secretly by way of a fictitious consultancy contract.
The Premier League declined to answer questions about its investigation. Past requests for comment sent by DER SPIEGEL to Manchester City have consistently been responded to with a statement that does not address specific issues, and which claims that material and quotes from the Football Leaks trove has been taken out of context. In response to this blanket claim, DER SPIEGEL has chosen to provide comprehensive and contextual information for each of the allegations.
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Facing regular backlash, ManCity also invests significant amounts of money in defense off the field. Club leadership employs some of the best-known and most expensive lawyers in Britain in the attempt to ward off accusations made against the team’s business practices and to slow down investigations into rules violations.
And there is apparently no lack of such violations. New findings from DER SPIEGEL and the journalism network European Investigative Collaborations (EIC) show that the holding company behind Manchester City appears to have violated the rules by paying millions in fees to player agents and also orchestrated a secret, triangular deal to sign an underage player. Numerous documents provided by the whistleblower platform Football Leaks provide a deep look at the club’s inner workings and at government agencies in Abu Dhabi – sufficient to inflict a few chinks in ManCity’s juridical defensive wall.
Like the Qataris’ investment in Paris Saint-Germain and the Saudi Arabian Public Investment Fund’s purchase of Newcastle United, the billions of euros spent on ManCity by UAE is primarily, it would seem, an attempt to use success on the football pitch to improve the country’s image. The UAE, after all, allows no political dissent at home, disregards human rights and is under suspicion of having committed war crimes in the ongoing violence in Yemen – which the UAE denies. The team owners are apparently willing to pay any price necessary to appear in the best possible light on the stage of elite football. And it looks suspiciously as though one of the richest nations in the world is financing the team’s operations, using hidden payments to circumvent spending rules.
In 2020, the Union of European Football Associations (UEFA) banned the team from the Champions League for two years due to revelations published by DER SPIEGEL. Manchester City, represented by almost a dozen top lawyers, appealed the ruling at the Court of Arbitration for Sport (CAS). UEFA lost the case, despite the existence of clear evidence for the questionable business practices employed by Manchester City.
The company Abu Dhabi United Group Investment & Development (ADUG) belongs to Sheikh Mansour and was the official owner of Manchester City from 2008 until last year, when the team was transferred to a different company owned by Mansour. Officials in UAE have consistently insisted that ADUG is a purely private company and Mansour’s involvement with the English team is a completely private investment. In testimony before CAS, a legal representative of the Finance Ministry in Abu Dhabi said that ADUG "is completely unconnected" to the government of UAE or the Emirate of Abu Dhabi.
Research in the Football Leaks documents has revealed, however, that payments from ADUG to the club were cleared by a state office. According to internal documents, the Executive Affairs Authority (EAA), an Abu Dhabi government agency focused on providing strategic guidance, obviously manages the accounts belonging to ADUG. Agency chief Khaldoon Al Mubarak, the de facto prime minister of Abu Dhabi, is head of the state investment fund and is also chairman of Manchester City. He apparently approved money flows that were controlled by the government before ending up in the accounts of the football team. Payment requests for agent fees were sent to the EAA’s general counsel, with ManCity sending an invoice for the sponsorship company Etisalat to Omar Awad, the finance director of the government agency. "Omar works for the EAA and is very important and helpful in facilitating our financial administration of City," wrote Simon Pearce, a club board member, to a colleague in January 2014.
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Brazil want to make Pep Guardiola their coach after the 2022 World Cup, and they’re confident he will agree, reports
@MarioCortegana
I could live with this - I really want Klopp to get a couple of seasons of not competing against Pep's Man City side as I think we could get to a 21st or 22nd League title with the right circumstances, which we bloody well deserve for competing in a Game that is so heavily rigged.
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Seems very apparent there are more offshore accounts out there that specifically benefit match officials - Speaks volumes about Guardiola, can't buy the league just by cheating FFP and being bankrolled to buy 2 of the very best players for each position, so because of his lack of ability, he has their owners pay a few officials off just for good measure - That club and Guardiola as he's a huge part of what they are doing, are an embarrassment and an incredible stain on the Premier league and English game as a whole
"If Everton were playing at the bottom of my garden, i'd close the curtains”
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