SB

Pride. Passion. Poznan.

[slbsn @slbsn]

🤓 In fact, these extracts ARE consistent with City's case. I have not reviewed the full report but those 2 extracts distinguish debt and equity from subsidies. Once debt is raised or equity is issued, the cash proceeds become "liquidity" of Etihad.

Subsidies are, in this sense, gifts and the funder gets nothing. Equity is dilutive and shareholder loans are repayable. Neither are "subsidies". This detail does matter and is potentially undermined elsewhere in those docs. I haven't checked.

PS I'm not putting a disclaimer on every tweet about the merits of the appeal.

[Football Tweet ⚽ @Footballtweet]

Elliot Anderson is the best midfielder in the Premier League right now...

And that's not even a debate. 🏴󠁧󠁢󠁥󠁮󠁧󠁿🔝

[Dave Morrow @davemorrow64]

Liverpool fan in court today charged with racially abusing Semenyo at Anfield last year

Liverpool fan arrested last Sunday at the match for assaulting a Police Officer

Nothing to see here

Still, it’s those arrogant, banana waving, self deprecating City fans that have no shame

[Simon Hand @simon_hand]

It’s not like a employee of @BBCNews to get mixed up when reporting and mislead the nation with false representation is it @danroan

[JM Seed @mattseed1]

The central pillar of the Premier League's case against City is that Sheikh Mansour secretly funded substantial portions of the Club's sponsorship agreements with Abu Dhabi-owned companies, artificially inflating City's commercial revenue.

City denies this, maintaining that the financial support came from the Abu Dhabi government—the sponsoring companies' shareholder—not from City's owner. That distinction matters.

Mansour privately owns City through ADUG. The Abu Dhabi government owns the sponsoring companies. They're not legally the same entity, even though Mansour is well-connected with the government.

And it bears repeating that state-owned sponsorships are hardly unusual. For example, Arsenal's principal sponsor, Emirates Airline, is wholly owned by Dubai's government. Arsenal also received millions from Visit Rwanda. Manchester United's sponsors include state-owned Malaysia Airlines and Visit Malta.

There's nothing inherently improper about a government providing financial support to companies it owns. So if, as City insists, the sponsorship money at issue came from the Abu Dhabi government, not ADUG, the foundation of the Premier League's disguised owner-funding allegation collapses.

So did the anonymous commission get this right? What's so frustrating is that the media and punditry seem almost entirely uninterested in this question.

Instead, we get relentless calls for severe punishment before City's appeal has even been heard, based on blind faith in an anonymous Premier League panel citing undisclosed and unexplained evidence.

That's why City supporters need to keep asking the questions everyone else seems determined to ignore.

#mancity #mcfc #premierleague

[SB @qball48]

@andynwoodard @TheRealFbloke For what, exactly, do you think lawyers are paid so highly?

[SB @qball48]

@andynwoodard @TheRealFbloke For what it's worth, I was answering a question, not summoning up a comment out of the blue. There is context to what I posted.

[SB @qball48]

@andynwoodard @TheRealFbloke The ~£900m is the difference between what was recorded and what was alleged to be actually funded by sponsors. That is the judgment of the KCs.

That is not the same as saying revenue was overstated by ~£900m.

[SB @qball48]

@andynwoodard @TheRealFbloke No, that is not my point at all. As I said, you misunderstood, but that's fine.

[SB @qball48]

@andynwoodard @TheRealFbloke You misunderstand my point, but that's fine.

[SB @qball48]

@robert65281 @RossWood87 @TheRealFbloke Yes

[SB @qball48]

@robert65281 @TheRealFbloke That's not what I said.

[SB @qball48]

@TheRealFbloke My favourite responses are, "So you think XYZ? Idiot!!!" When I never once said XYZ.

[SB @qball48]

@robert65281 @RossWood87 @TheRealFbloke Good point, well made

[SB @qball48]

@RossWood87 @TheRealFbloke Correct, the £900m+ "overstatement" assumes the amounts claimed to have not been funded directly by Etihad/ Etisalat are £0, regardless of what actual FMV would/ could have been.

[SB @qball48]

@TheRealFbloke PL investigation based on leaked emails, which came out/ only cover up to 2018. That is their starting evidence, hence no info pertaining to period thereafter (barring our apparent non-cooperation since investigation opened).

[LeftSideOfHistory @leftsidehist]

Since the attack on the Russian data centre. The traffic for the ‘patriot party’ is mysteriously off a cliff

[Magnificent Mags @MagnificoMags]

Sustainable FC who lecture us all on how they don't spend a 1p.

Barcola - £140m
Isak - £125m
Wirtz - £116.5m
Núñez - £85.36m
Ekitiké - £79m
Van Dijk - £75m
Allison - £66.8m
Szoboszlai - £60m
Jacquet - £60m
Keita - £52.75m
Díaz - £50m
Gakpo - £44m
Salah - £43.9m
Fabinho - £43.7m

[Lyés @LyesBouzidi10]

The Cherki Wirtz debate has died a very convincing death.