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PMMeMunicipalPolicy t1_j7gmaiz wrote

Reply to comment by Hip_Hop_Hippos in Man City charged by Premier League with numerous breaches of financial rules by malcolm58

Yes, basically your spending is limited by your revenue (there's a formula that I don't understand, but that's the gist of it)

What city have been doing is making up fake corporations to sponsor the team, making it look like their revenue is much higher than it actually is.

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hugh_madson t1_j7gslwk wrote

Omg thank you, i tried reading the official premiere league release and wanted to blow my brains out.

Clarified and easy to understand 10/10 comment thread.

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Hip_Hop_Hippos t1_j7gmf4g wrote

Gotcha, thanks for the explanation.

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rgiggs11 t1_j7gsthn wrote

They are also accused of lying about expenditure, paying a manager and maybe some players part of their wages under the table.

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thekrone t1_j7htuwz wrote

Also allegedly kept some salaries off the books by having outside companies pay staff and/or players as "consultants" or "advisors", when they didn't really do anything outside of their normal duties for the club.

So not only did they fake revenue, they also hid expenditures.

Gee, I wonder how they consistently showed record profits year after year...

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DisneyDreams7 t1_j7k7lcf wrote

I love how Guardiola gaslight people about the 100 million Grealish signing. Saying that Man City has a wage structure and won’t break it by spending too much

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educated-emu t1_j7iazam wrote

Lets have some fake names for thr corporations...

Not the man group ltd

Real citibank

Mc dowells

Burger prince

Nikeee

Weatherforks

Tesgo

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