Jump to content

Welcome to the Xbox Society gaming community

Xbox Society is an adults only gaming community. We operate a casual, laid back approach because we appreciate that when you factor in family, work etc.. you might not get a lot of time on your beloved xbox and gaming hobby so the time you spend here needs to be hassle free and fun.

We have plenty of casual challenges and competitions with weekly gaming events and a friendly, vibrant community
Join XBS

Thank F*** Its Friday

It's the end of the week, you've worked hard and now its time to chill out and take out that aggression on someone virtually :)
Fun starts from 830pm every Friday
Join XBS Join the fun

Forza Horizon 4 Events

Featuring multiplayer racing championships and weekly time trials for you to take part in your own time.
Join XBS Take Part

Fantasy FIFA League

Come and join our league, registration is open and we are taking on new managers
Join XBS
Latest from XBS
  • This TFIF features Sea of Theives
  • Keep an eye out for upcoming challenges
  • Horizon 4 Time Trial championship starts soon
KPDub

City and their dodgy financial dealings

Recommended Posts

KPDub

The below is from the Times, you need a subscription to read it, which I don't but the below was copy and pasted from a Liverpool website.

Interesting read and one I think that if City are guilty they should be kicked out of Europe and all their trophies stripped of them, just like they did in Italy a while ago when Juventus got done.

Not saying this because I'm a LFC fan and bitter about them potentially winning the league this season, but I hate that it would seem that they are cheating around the rules that all other teams have to abide by.  I don't buy for one minute they are this massive commercial being, its all dodgy money hiding the truth

Quote

https://www.thetimes.co.uk/edition/s...ilty-wlxpwfqrn

march 4 2019, 12:01am, the times
Manchester City deserve European ban if guilty
matthew syed

I would love to meet the staff in Manchester City’s sponsorship department. They must be geniuses down there. They have taken a relatively small club in global terms, with a smallish fanbase, and turned them into a commercial powerhouse with no precedent in organised sport.

Companies that have had no association whatever with football, and for whom the commercial upsides are quite obscure (at least to me) have been falling over themselves to sign deals with the club. “To talk well and eloquently is a very great art,” Mozart once said. Well, the guys at the sponsorship office must be positively Shakespearean.

Deals with, among other companies, Etihad Airways, Etisalat and Visit Abu Dhabi, have been negotiated and signed. Money has poured into the club like water into the Niagara Basin. If nothing else, I would love to have seen the PowerPoint presentation that persuaded Aabar to invest so lavishly. This is an investment company based in Abu Dhabi with holdings in aviation, energy, manufacturing and technology, so you can totally see that they would be keen to throw millions into a football club in northwest England.

City like to tell us that they are now a global franchise, with a worldwide audience and unlimited aspirations. This, after all, is the explanation for how the club have managed to finance some of the most extravagant expenditure in the history of sport. It is all coming from their own self-generated revenues, partnerships with companies looking for a “synergistic association”.

And yet, if so, why do so many of these partners conform to such a curious pattern? For a club with such global reach, why do such a high percentage of sponsors seem to hail from a tiny sliver of land situated between Oman and Qatar? It is like in Harold Pinter’s play The Caretaker, where the tramp keeps repeating the phrase, “I gotta go to Sidcup.” City’s sponsorship department gotta go to Abu Dhabi.

Perhaps the tone of this column is a tad sarcastic, but then I have always found the City project rather fantastical. The football is beautiful but the balance sheet has long seemed more like something from a Gilbert & Sullivan farce.

For years, we have been expected to believe that a club owned by a chap with untold wealth, and which has spent without inhibition, has been operating on a purely commercial basis. Nothing to see here, guv. Now, of course, the club are in the midst of an investigation by Uefa. The original allegations from last November by Der Spiegel were strongly denied by the club. Last week, more leaked documents emerged, including one pertaining to Aabar, that financial investment company. An email from director Simon Pearce allegedly said: “As we discussed, the annual direct obligation for Aabar is £3 million. The remaining £12 million required will come from His Highness.”

The allegation, then, is that the sums transferred by Aabar were gerrymandered by Sheikh Mansour, the owner, who was providing vast subsidies in defiance of Uefa rules. The implication is that City’s sponsorship department, far from being candidates for a gushing case study in the Harvard Business Review, are really a back-office function channelling illicit funds through plausible front companies.

In a different email, Graham Wallace, then City’s chief operating officer and who was writing in September 2012, allegedly wrote: “What we therefore need is that monies we are attributing to [City’s sponsors] Etisalat, ADTA, Aabar and Etihad . . . are physically remitted to us by those businesses . . . to avoid any related party influence/control considerations.”

This is not the only inquiry City are facing, of course. They may also be the subject of an FA inquiry after it was alleged that they misled the governing body over the third-party ownership of a player, Bruno Zuculini. Just last week, we also discovered that the FA will be investigating allegations that Manchester City paid Jadon Sancho’s agent £200,000 in connection with the England forward’s move from Watford when he was 14.

Now, I should state two things clearly. The first is that I have nothing against City per se. They play beautiful football and have some wonderful fans. The second is that City strenuously deny all the accusations, sticking to the mantra they have trotted out since last year. “We will not be providing any comment on out-of-context materials purported to have been hacked or stolen from City Football Group and Manchester City personnel and associated people. The attempt to damage the Club’s reputation is organised and clear.” They are nothing if not consistent.

But one’s admiration for the way City play football should not shade into the acceptance of shady behaviour off the pitch, if such behaviour can be proved via due process. And neither should one’s disagreement with the strictures of Financial Fair Play, which favours established clubs at the expense of arrivistes such as City, shade into condoning the serial violation of those same strictures. If you want to change the rules, you should lobby to do so, not break them instead.

And that is why if City are found guilty they should not be given the customary slap on the wrist, but thrown out of the Champions League. That would deprive the competition of a wonderful team, but it would also send an important message that the powerful and wealthy are sometimes inclined to forget. Rules only make sense if they are enforced.

 

 

Share this post


Link to post
Share on other sites

×

Important Information

Privacy Policy We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.