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StraightCashHomey21
West Virginia Fan
Altus, OK
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re: Manchester City 'hid' £30m from UEFA FFP investigators. Football leaks going crazy
quote:

Let's play a game: will SCH be more upset about the outcome of these City developments or with the result of the OU/WVU game?


your melt will be glorious when WVU is playing Texas in Dallas


theOG
Oklahoma Fan
Member since Feb 2010
8596 posts

re: Manchester City 'hid' £30m from UEFA FFP investigators. Football leaks going crazy
quote:

your melt will be glorious when WVU is playing Texas in Dallas


Haha, I'd melt in that scenario if I was actually confident that we will beat you all. I'm not even sure we make it out of this coming weekend. It's tough to make predictions of succes when you only play offense.


StraightCashHomey21
West Virginia Fan
Altus, OK
Member since Jul 2009
111034 posts
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re: Manchester City 'hid' £30m from UEFA FFP investigators. Football leaks going crazy
Texas will drop another game just watch.


McCaigBro69
Baylor Fan
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Member since Oct 2014
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re: Manchester City 'hid' £30m from UEFA FFP investigators. Football leaks going crazy
quote:

Texas will drop another game just watch.


We can only hope


StraightCashHomey21
West Virginia Fan
Altus, OK
Member since Jul 2009
111034 posts
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re: Manchester City 'hid' £30m from UEFA FFP investigators. Football leaks going crazy
Part 2

Project Longbow

quote:

Behind closed doors, they began looking for "creative solutions" to circumvent the rules, resulting in the launch of a secret project with the rather military-esque name "Project Longbow." In explaining the name, the club's chief legal adviser, Simon Cliff, noted in an internal email that the longbow was "the weapon the English used to beat the French at Crecy and Agincourt." For Man City club leadership, the enemy was apparently Michel Platini, the French UEFA president, and his signature project, FFP.

Among club employees, Project Longbow would become synonymous over the next several years with the battle against Financial Fair Play. Under Soriano's leadership, Man City established "a central model" that "allows for many of the operational costs to be shifted either fully or partially away from the club."

It is a telling window into the team's approach: High costs and losses are fine as long as they can be hidden from UEFA. To help do so, Manchester City established a subsidiary to take care of a share -- and the costs -- of some standard business activities.

For example, the club transferred the marketing rights for its players to an external company. Normally, professional teams have to pay their athletes for the right to use them in club marketing material. But City drummed up buyers for those marketing rights -- an ingenious plan. Suddenly, the club no longer had to pay the marketing fees -- the new buyers did, resulting in spending cuts for Man City. Furthermore, the sale of the marketing rights generated additional revenues for the club to present to UEFA investigators: almost 30 million euros in this case. The marketing company adopted the name Fordham Sports Management and it is "very material for our longbow target," City's chief financial officer, Jorge Chumillas, noted internally.


quote:

Internal Manchester City documents shed light on the true nature of the deal. A concept paper shows that Fordham Sports Management is merely one element in a closed payment loop: Sheikh Mansour's holding company, Abu Dhabi United Group, transferred money to the Rowlands for the purchase of the marketing rights and to pay Man City's players for their marketing appearances. The money transfers were coordinated by Manchester City itself. Fordham, in other words, was merely a vehicle for hidden capital injections from Abu Dhabi.

Jonathan Rowland wanted additional confirmation of that. "We need to know that AD is fully behind it this is the most important thing," he wrote on April 4, 2013, to Simon Pearce, a club executive and adviser to the Abu Dhabi ruling family. In response, Pearce sought to put Rowland's mind at ease and let him in on the plan: "Regarding the ongoing operating costs, every year we will send in advance the cash of approximately 11 million." The "we" in this case is the holding company that Sheikh Mansour had used to buy Manchester City: Abu Dhabi United Group (ADUG). "I have ended up as the de facto MD (managing director) for ADUG," Pearce joked in one email to colleagues.


quote:

A club director was controlling the expenditures of the club owner's holding company, money that would travel around the world before landing in the team's coffers. His boss, Man City Chairman Khaldoon Al Mubarak from Abu Dhabi, with tight links to the ruling family, gave his blessing to the payments.

Neither David nor Jonathan Rowland commented on the Fordham deal when contacted by journalists with European Investigative Collaborations network.

In the first year that the new FFP rules were in effect, UEFA's Investigatory Chamber examined Manchester City's numbers. Once auditors had pored over documents filed by the club, UEFA found that Man City was in violation of Financial Fair Play. The club responded with indignance and threatened to sue UEFA, the auditors and others involved in the finding. Ultimately, the team managed to hammer out a deal with UEFA General Secretary Gianni Infantino that achieved one primary goal: avoiding anything that might hurt Manchester City.


City was essentially money laundering like the fricking Mafia
This post was edited on 11/6 at 10:42 am


StraightCashHomey21
West Virginia Fan
Altus, OK
Member since Jul 2009
111034 posts
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re: Manchester City 'hid' £30m from UEFA FFP investigators. Football leaks going crazy
LINK

quote:

They are senior figures from UEFA’s Club Financial Control Body (CFCB), the Russian Football Union, and arguably the biggest club in Russia, President Putin’s favourite team, FC Zenit Saint Petersburg.

The meeting is at the request of Jean-Luc Deheane, Belgium’s former prime minister and the head of the UEFA’s financial investigation team, who for the past few months has led a probe into Zenit’s finances; specifically, the nature of its lucrative sponsorship deals with its ultimate parent company, Gazprom.

Unlike almost every other club competing in European football, Zenit, one of the most successful teams in the Russian Premier League, is owned by a financial behemoth. Gazprom is Russia’s state energy company and it has annual revenues of over €100 billion. Practically, this gives it and Zenit near-limitless cash.

On this Tuesday morning of 12 November, 2013, Zenit’s general manager, executive and financial directors, and head of strategic planning are justifying why Gazprom pumped €113 million into the club’s coffers in 2012, a significant cheat of UEFA’s Financial Fair Play rules. These regulations place limits on club spending, debt levels and shareholder bailouts.

Zenit’s arguments to UEFA are uncomplicated, highlighting Russia’s poorer population and the inability of the national league to generate the revenues of their European counterparts. The technical and digital infrastructure is also weak, say club officials, and digital piracy is out of control. State subsidies are unavoidable.


StraightCashHomey21
West Virginia Fan
Altus, OK
Member since Jul 2009
111034 posts
 Online 

re: Manchester City 'hid' £30m from UEFA FFP investigators. Football leaks going crazy
LINK

Part 3 is fricking stupid

who gives a shite if they had Pep locked up that early. Everyone knew it was going to happen.

As for the human rights stuff, we all knew that as well.
This post was edited on 11/9 at 10:12 am


StraightCashHomey21
West Virginia Fan
Altus, OK
Member since Jul 2009
111034 posts
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re: Manchester City 'hid' £30m from UEFA FFP investigators. Football leaks going crazy
quote:

All Cristiano Ronaldo's household employees must sign a 70 year non-disclosure agreement, agreeing that:

"Nothing about Cristiano's private life may be divulged until 70 years after the death of either the player or the last of his relatives."




puffulufogous
USA Fan
New Orleans
Member since Feb 2008
6016 posts

re: Manchester City 'hid' £30m from UEFA FFP investigators. Football leaks going crazy
I love a good sch melt. The ship has already sailed on ffp. If it weren't so poorly designed and implemented, at least it would've been a more effective means of protecting footballs elites.


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McCaigBro69
Baylor Fan
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Member since Oct 2014
36189 posts
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re: Manchester City 'hid' £30m from UEFA FFP investigators. Football leaks going crazy
Uh oh.

United reportedly paid Monaco €4 mil for a ‘fake’ friendly that never happened to circumvent money for the Falcao loan deal.



StraightCashHomey21
West Virginia Fan
Altus, OK
Member since Jul 2009
111034 posts
 Online 

re: Manchester City 'hid' £30m from UEFA FFP investigators. Football leaks going crazy
quote:

United reportedly paid Monaco €4 mil for a ‘fake’ friendly that never happened to circumvent money for the Falcao loan deal.


fine us if true

but we paid a frick ton of his wages so it might be a reach.

Also did part 4 about City ever come out? I never saw it.
This post was edited on 11/19 at 3:16 pm


TN Bhoy
LSU Fan
San Antonio, TX
Member since Apr 2010
60351 posts

re: Manchester City 'hid' £30m from UEFA FFP investigators. Football leaks going crazy
I’m a big fan of Chelsea having their players set up offshore accounts


McCaigBro69
Baylor Fan
TigerDroppings Premium Member
Member since Oct 2014
36189 posts
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re: Manchester City 'hid' £30m from UEFA FFP investigators. Football leaks going crazy
It did and it was shite. Parts 1-2 were the only good ones.

It did make me laugh that people on r/soccer are melting about €4 mil.


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McCaigBro69
Baylor Fan
TigerDroppings Premium Member
Member since Oct 2014
36189 posts
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re: Manchester City 'hid' £30m from UEFA FFP investigators. Football leaks going crazy
quote:

I’m a big fan of Chelsea having their players set up offshore accounts


The bit about Kante supposedly refusing to do it was funny


StraightCashHomey21
West Virginia Fan
Altus, OK
Member since Jul 2009
111034 posts
 Online 

re: Manchester City 'hid' £30m from UEFA FFP investigators. Football leaks going crazy
quote:

The bit about Kante supposedly refusing to do it was funny


that was the best part


StraightCashHomey21
West Virginia Fan
Altus, OK
Member since Jul 2009
111034 posts
 Online 

re: Manchester City 'hid' £30m from UEFA FFP investigators. Football leaks going crazy
Oooo this is gonna be good

Apparently it was Ramos who failed his drug test before the final




Dumpster
Hawaii Fan
Member since Jul 2011
1339 posts

re: Manchester City 'hid' £30m from UEFA FFP investigators. Football leaks going crazy
quote:

Oooo this is gonna be good

Apparently it was Ramos who failed his drug test before the final


Gonna have to avoid Liverpool media for a little while as countless dickheads will be trying to claim a mythical 2017/18 CL title. Maybe we can put something up in Anfield that will be our equivalent to Ole Miss’s “2003 SEC West Co-Champions” signage in VHS


StraightCashHomey21
West Virginia Fan
Altus, OK
Member since Jul 2009
111034 posts
 Online 

re: Manchester City 'hid' £30m from UEFA FFP investigators. Football leaks going crazy


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00
kengel2
LSU Fan
Team Gun
Member since Mar 2004
16527 posts

re: Manchester City 'hid' £30m from UEFA FFP investigators. Football leaks going crazy
quote:

Apparently it was Ramos who failed his drug test before the final


And apparently it was a steroid thats approved for use as long as you tell them you are using it.

But they forgot to tell them.

ETA: And now he didnt fail???

ESPN
This post was edited on 11/23 at 3:46 pm


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McCaigBro69
Baylor Fan
TigerDroppings Premium Member
Member since Oct 2014
36189 posts
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re: Manchester City 'hid' £30m from UEFA FFP investigators. Football leaks going crazy
There are rumors churning that City is under investigation again with UEFA and could face a competition ban.....


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