zuricity wrote:Im_Spartacus wrote:Harry Dowd scored wrote:john68 wrote:Harry,
I fully understand what you are saying mate but we are not as yet being investigated by the HMRC.
If it were the HMRC who were accusing us, then this would be investigated by them, refered to the CPS and tried by a court of law.
and your point obviously stands.
As it is, we are being investigated by a private institution and they do not have the powers to enforce English Law, they could if they wished, take their evidence to the HMRC but as a private institution, they can only enforce their own rules as they have been agreed by the Premier League members.
The Premier League have no right to judge and prosecute the legality of City's accounting, they are not part of the judicial system.
I agree with you John, but the point I was trying to make was, if the panel find us guilty our accounts will not be valid, therefore at that point HMRC could get involved and the CPS, they don’t have to be referred they can initiate investigation if there is probable cause.
Statutory accounts are a completely different thing to accounts prepared to fulfil a membership like the Premier League which requires completely different accounting rules to be applied. Just because the latter was cooked, doesn't automatically mean the former was.
This is indeed correct and The Government has no objection if an owner invests more private money into the Company.
Where the Premier League made a fatal mistake with FFP is not to get operational clearance from HMRC.
They new they would never get clearance because it is prohibiting free and fair competion. At the time even the European Commision were also not asked to get involved. Going through those two bodies FFP would have died a death.
What recourse do City have, if (when) the 'independent commission' find City guilty of not following the PL rule book?
Is it to challenge the 'independent commission's' guilty verdict in a court of law by proving that City did indeed follow the PL rule book?
(or could City challenge the validity of the PL rule book because it limits an owner's right to invests more private money into the Company which is illegal (even though it is a private members rule book)?