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Multi-function football thread 2019/20 season II

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Is it just my imagination but there seem to be a lot of goals scored in added time at the end of each half this season affecting nearly all teams both positively & negatively.
 
Or as the Guardian put it, New Money 1 Old Money 0 (aet).

The ten million euro fine represents what Sheik Mansour would find down the back of his sofa.
 
Jurgen Klopp:
"I don't think it was a good day for football yesterday. FFP is a good idea. It is there for protecting teams and the competition, so that nobody overspends and have to make sure the money they want to spend is based on the right sources."

Hypocrite or just uninformed?

Liverpool’s main sponsors are Standard Chartered.


The following are extracts from an article published by The Guardian in April 2019:

Standard Chartered fined $1.1bn for money-laundering and sanctions breaches

Standard Chartered has been ordered to pay $1.1bn (£842m) by US and UK authorities to settle allegations of poor money-laundering controls and breaching sanctions against countries including Iran.

The British bank has agreed to pay $947m to American agencies, including the US Department of Justice, over allegations that it violated sanctions against a string of countries including Iran.

Separately, it was fined £102m by the Financial Conduct Authority for anti-money-laundering breaches that included “shortcomings” in its counter-terrorism finance controls in the Middle East. It is the second-largest fine ever imposed by the UK regulator for anti-money-laundering failures.

The US treasury department said the latest fines settled “apparent violations” of sanctions imposed against Burma, Zimbabwe, Cuba, Sudan, Syria, and Iran.

US assistant attorney general, Brian Benczkowski, said: “Today’s resolution sends a clear message to financial institutions and their employees: if you circumvent US sanctions against rogue states like Iran – or assist those who do – you will pay a steep price.”

The Financial Conduct Authority had raised concerns about anti-money-laundering controls at Standard Chartered’s UK-based correspondent bank and its United Arab Emirates branches. It highlighted “serious shortcomings” in customer due diligence and said the bank also failed to ensure its UAE branches applied proper counter-terrorist financing controls.

The FCA gave examples where a customer was able to open an account by handing over around 3m UAE dirham (£500,000) in cash in a suitcase, with little evidence that the source of the cash was investigated. It also said Standard Chartered failed to collect sufficient information on a customer exporting goods that could have a “military application” to regions involved in armed conflict.

It said Standard Chartered processed transactions worth $438m between 2009 and 2014, the majority of which involved Iran-linked accounts from its Dubai branch routing payments through, or to, its New York office or other US-based banks.

Money from the right sources eh Jurgen?
 
One of many sponsors, the main one from August is Nike. You'd think some folk on here were jealous of what Jurgen has achieved without the petro dollar, amazing.
As for yesterday's verdict by CAS, I don't think anyone associated with football was at all surprised by the ban being overturned tbh, interesting that the fines, although reduced are still in place, twice now for a similar breach of rules. I guess FFP is now dead in the water and teams like City, PSG etc will spend another billion -classy?
 
There is no reason why FFP should go, it should be beefed up though. The issue as ever is no club is squeaky clean, even the club that would love to be sponsored by Persil to prove how saintly they are...... CAS I thought were clear that there was no clear evidence that they had done what UEFA alleged. The fine was for noncoperation which was due to City being pissed off from that they see themselves as being singled out for punishment.
 
Tribalism is such that many have pronounced City guilty for years. This case proves that they were not guilty of the charges brought.
Some remain so furious that they believe that the fine, which was reduced by two thirds, still implies guilt. The fine is solely for non-cooperation with an organisation that was releasing details of our case through the media, hence we refused to pass on any further information.

Many are now saying that FFP is done; it is not. This was a specific charge about the disguising of funding as sponsorship and that is nothing to do with the general principle of FFP. What is clear, is that the driving forces are the traditional big clubs in England and in Europe, who wish to protect their status and finances. Nobody can tell me that it is financially fair, in Real Madrid and Barcelona's case, to have TV revenues massively skewed in their favour in comparison with the other teams in La Liga. It is not right that Manchester United's owners can purchase the club with debt leveraged against its value and then saddle the balance sheet with loan repayments for a £700m debt. It is bizarre that Liverpool's 'investment' in the Stanley Park development, a development which does not exist, was used to mitigate losses which would have led to a failure of FFP, not to mention the sponsorship by an organisation criminally prosecuted for money laundering for a nation known for its abuse of human rights.

The biggest issue is the influence that these clubs have on the game. Uefa needs to be impartial, completely so, which means that people like David Gill and Rick Parry, who have, or had, direct associations with clubs, should not be allowed on the panels of FIFA or UEFA. If they do, vested interests will take precedence and the game will suffer, as it has in the case against City, which is not good for the game regardless of who you support.
 
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