Frankman

[Frankman @FFFRANK00]

@DamianHastie Again, having looked at the numbers provided by the graph, I’d say that the base fees are roughly in line with standard at the time, if a little inflated but by 2012 the etihad sponsorship had skyrocketed them passed teams like Chelsea and Arsenal, without having played a UCL K/O

[Frankman @FFFRANK00]

@DamianHastie If stripping away the sham contracts leaves them with less legitimate sponsorship revenue than pre-2008, that isn't a flaw in the Premier League's calculation—it's just the truth of what their real commercial value was. The headline number is simply the total sum of the deception

[Frankman @FFFRANK00]

@DamianHastie Ah right, I see—your position is essentially that the measure of the violation should be based off of FMV, whereas the PL only wanted to establish that there was a financial violation by failing to act with the “utmost good faith” (which is referenced a lot in the doc)

[Frankman @FFFRANK00]

@DamianHastie Nah, so the £900m or £830m to be more precise is the total injected illicitly from ownership funding. So it’s the book values (Column B) minus the money actually fronted by the sponsoring entity (Column C) . Or are you trying to say the basis of wrongdoing should be off FMV?

[Frankman @FFFRANK00]

@DamianHastie The PL’s position was not based on FMV but on the source of funds hence why they and the IC rejected the clubs explanation. You’re absolutely right about FMV being opaque at the time, hence why the PL and IC weren’t trying to bag them on that

[Frankman @FFFRANK00]

@DamianHastie Yes, but the sponsors still act as a distinct entity from the state, a direct transfer of the fully inflated sponsorship deal would raise alarms within governance and auditors. Furthermore using Etihad as a primary example, as a multinational company they aren’t just bound by AD

[Frankman @FFFRANK00]

@mark1_1878 @SainTiago1948 @themagic_tophat Sorry but are you saying essentially the IC might be giving HMRC a bit of a nudge via the language used?

[Frankman @FFFRANK00]

@DamianHastie Allegedly

[Frankman @FFFRANK00]

@DamianHastie A. It’s likely helpful when convincing a potential sponsor to commit fraud to not make them over commit capital.
B. The actual book value, which city would’ve had to report, is massively inflated for their FMV at the time.

[Frankman @FFFRANK00]

@eideticeye I am stretching here but possibly a recce by fire

[Frankman @FFFRANK00]

@eideticeye You must have faith in the power of a mildly worded condemnation.

[Frankman @FFFRANK00]

@eideticeye Oh yeah, 100%. And the truly dire aspect is that the the slow time, lazy approach to a confrontational dynamic with Russia can only mean that the human cost is going to be exponentially higher. If the US does have to pick up European slack, china may see an opportunity.

[Frankman @FFFRANK00]

@alexmoneypenny I just hope he learned his lesson from Liverpool and makes changes earlier this game. It’s just the “new look big game setup” and as much I don’t linked it I think he’s trialling it still.

[Frankman @FFFRANK00]

@EuropeanPan I cannot fathom how we live in a nation where the govt is bowing down to CHARITIES threatening legal action on the softest policy you could imagine. We are in dire need of offshore processing.

[Frankman @FFFRANK00]

@gummibear737 How can you cosplay as the righteous social revolutionary if you don’t want to “put fascism down by any means necessary”. They’re all fuelled by dreams of having their faces on T-shirts forever and I’m beginning to hold the belief that there is no moderate left anymore.

[Frankman @FFFRANK00]

@eideticeye I think one of the key hurdles to this is Western Europe’s blind altruism and misplaced faith in reputational deterrence. There are people out there who wish to see us toppled and mean to do us harm and yet we still believe in lukewarm condemnations to not upset the bear.

[Frankman @FFFRANK00]

@PeterOlsson @thinkdefence @SupacatLtd Yeah, it was always maintained that a roof would stop the commander being able to stand up and have his condor moment but troops have to invest massively in warm and waterproof kit and the cold always wins in the end anyway 😂

[Frankman @FFFRANK00]

@PeterOlsson @thinkdefence @SupacatLtd It was designed as a mobile FSG in Afghan but then we toned ops down so they tried to convert it to a mobile recce platform and we just had to deal with the lack of a roof. They’ve done trials but they never went further than that and never had an actual roof.

[Frankman @FFFRANK00]

@mediocentr0 Dickhead