Practical implications of the Manchester City Decision

 

 

By Tony Attwood

There are so many times when I am faced with the financial goings on of football clubs that I have to say to myself, “How would I understand any of this without Swiss Ramble” – by far the best regular reviewer of football finances on the planet.

3 Replies to “Practical implications of the Manchester City Decision”

  1. But the news doing the rounds now was City said Etihad Airways was never government owned. But in 2015 they said they were when they were i think entering the US market.

  2. I believe one aspect that is still being ignored is the one of ‘downstream damage’.

    Whatever happens on a PL level, from all I read, there are not only questionable acts relating to PL rules, but about taxes, corporate governance and accounting, financial reporting, etc.

    I’d expect the tax authorities here in England to get active and most probably in other countries in Europe as well.
    Furthermore, City employees who went along with the strategy may find themselves liable to criminal prosecution. Or to civil liability.

    I wonder how that will pan out : thrown under the bus by their employer ? will turn on their employer to get leniency.

    And if what I read is true, Etihad have given the US a testimony a decade ago about how the sponsoring was financed that is the opposite as what seems to have been found in the leaked emails. I doubt that this lie is going to just disappear.

    Anyway, we just should relax, get some popcorn and enjoy the carnage. At least we know Arsenal’s position is safe. And I can’t remember any big money sale to City in the past 5 years.

    Which brings me to my final comment : what about the millions City still owe to clubs they bought players from ?

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