00:00I think it's a great victory for the Premier League
00:02My understanding from talking to one or two people in Manchester overnight
00:07One comment was, this is worse than our worst case scenario
00:16First of all, Manchester City have been accused of fraudulently
00:21Receiving money from the owners
00:23Nothing wrong with that in its own right
00:24And then claiming that it's money from sponsors
00:27And the reason why that's important
00:28Is for the profitability and sustainability rules
00:32Sponsor money goes into your calculations
00:35Owner money doesn't
00:37The second accusation is that they have been paying individuals
00:41Through third parties
00:43Roberto Mancini was allegedly on £2 million a year as a basic salary
00:49At the Etihad
00:50And was also receiving £2 million a year for doing four days teaching
00:54Again, that in itself is not illegal
00:57What is not appropriate is that it reduces Manchester City's wage bill
01:02And in doing so it reduces their losses
01:04The third one is more of a technical accusation
01:08That Manchester City have not
01:10They've not assisted the Premier League
01:13As far as its investigation into Manchester City's financial affairs are concerned
01:17I don't even think Manchester City would deny that they would like it to be found guilty on that
01:23one
01:23If found guilty and if above that £105 million limit
01:28Then we've got to be looking at a substantial points deduction
01:31On top of that the Premier League will seek to recover its legal costs
01:36And on top of that there will be a fine for non-cooperation
01:40I don't think automatic relegation will be applied
01:45Where I think the potential huge issues are
01:48First of all participation in the Champions League
01:51Clubs finishing fifth where Manchester City have been in the top four
01:55They may feel that we're entitled to the denial of the opportunity to play in the Champions League
02:02The following season
02:03City have produced a press release
02:05And reading between the lines I think there's two things
02:09First of all it's not over
02:11And secondly we will be appealing
02:15Assuming that the 114 charges are upheld
02:20I don't think City will appeal just yet
02:22Because there has to be a sitting now of the adjudication panel
02:28And what they say, you've been found guilty
02:31We're now going to determine your punishment
02:33Can they appeal the initial verdict?
02:36Again, yes
02:37But on very, very limited grounds
02:40They can't go to CAS
02:41They can't appeal on the basis of the evidence provided
02:44It reflects the reality of rich people are used to getting their own way
02:50And when they don't get their own way
02:52They will use all legal means possible to try to get their own way
