Sala Money Question

[blue lewj]

I notice that the recent court cases in relation to the Sala incident have been cited as one of the reasons that City are in such financial constraints at the moment.

Did I not read that in the season of Sala's death or at least the one immediately after that the money was put aside by the club?

If so how is this still as issue if in effect we have already taken the hit and anything from here on is a bonus in that respect? Legal fees aside obviously.

[Rjk]

Re: Sala Money Question

I notice that the recent court cases in relation to the Sala incident have been cited as one of the reasons that City are in such financial constraints at the moment.

Did I not read that in the season of Sala's death or at least the one immediately after that the money was put aside by the club?

If so how is this still as issue if in effect we have already taken the hit and anything from here on is a bonus in that respect? Legal fees aside obviously.

I think it was accounted for on paper, but that is very different to actually handing over the cash

[gabbsthenewt]

Re: Sala Money Question

I think it was accounted for on paper, but that is very different to actually handing over the cash

https://www.ifrs.org/issued-standard...%20that%20time.

Contingent liability.

[lennybluebird]

Re: Sala Money Question

Surely the club would put that money aside tho?

[blue lewj]

Re: Sala Money Question

https://www.ifrs.org/issued-standard...%20that%20time.

Contingent liability.

And it was highlighted as such in the accounts at the time was it?

[blue lewj]

Re: Sala Money Question

The reason I ask is it has been mentioned, at least in passing by the club, as at least part of the reason for not spending money the season after we were relegated, most seasons since and is still being used as a reason why we're struggling financially.

[gabbsthenewt]

Re: Sala Money Question

And it was highlighted as such in the accounts at the time was it?

Beg your pardon I haven't looked at the City's books for about 13 years. It would appear they have opted for prudency and booked a provision for it, as noted in note 24) Contingent Liabilities of the latest set of accounts. The provisions stands at £20.7m.

[JumpersforGoalposts]

Re: Sala Money Question

The reason I ask is it has been mentioned, at least in passing by the club, as at least part of the reason for not spending money the season after we were relegated, most seasons since and is still being used as a reason why we're struggling financially.

For FFP purposes they will have taken a £15m "hit" (plus all the other related fees) in one go in the financial year he was signed in. If the player had joined then the costs would have been spread over the length of the contract. This will have been a
significant constraint on spending while having to stay within FFP rules over the last few years.

[gabbsthenewt]

Re: Sala Money Question

The reason I ask is it has been mentioned, at least in passing by the club, as at least part of the reason for not spending money the season after we were relegated, most seasons since and is still being used as a reason why we're struggling financially.

Yeah, it's not left the club, but as good as - and the effect is just the same as if the money had gone already - so we bought him for £15m spread over time, in the hope that his football would help us afford him and keep us in the Premier and in the big bucks. The tragedy occurred and we never got to see him play for us - we've provided for the £15m we may be forced to pay in the future and as a result each time we need more money from Tan, he looks at his residual funds he's earmarked for us and he's £15m overspent to start with on what he was hoping that balance to be.

[stan butler]

Re: Sala Money Question

I notice that the recent court cases in relation to the Sala incident have been cited as one of the reasons that City are in such financial constraints at the moment.

Did I not read that in the season of Sala's death or at least the one immediately after that the money was put aside by the club?

If so how is this still as issue if in effect we have already taken the hit and anything from here on is a bonus in that respect? Legal fees aside obviously.

On form today with your posts. Have you been promised ice creams and beach walks?

[blue lewj]

Re: Sala Money Question

On form today with your posts. Have you been promised ice creams and beach walks?

😄

Just asking a question. You keep posting irrelevant things within threads buddy.

[Toadstool]

Re: Sala Money Question

What was the reason for Sala to go back to Nantes in the first place?

[ninian opinian]

Re: Sala Money Question

What was the reason for Sala to go back to Nantes in the first place?

I believe it was reported, to say goodbye to his team mates and friends and ensure his dog was OK. I could be wrong though.

[Sunnysideup]

Re: Sala Money Question

Regardless
Cardiff NEVER arranged Sala’s flights
Excuse the analogy but if you were to order something online and it didn’t arrive then the third party courier ultimately gets blamed.
If I paid fifteen million and my order disappeared on a flight a third party arranged then surely their insurance company coughs up.
It’s an absolute tragedy but as the ongoing court case is showing there were huge failures resulting in negligence by the plane’s owner (Henderson) and the facilitator in dodgy Willy McKay 🤔

[gabbsthenewt]

Re: Sala Money Question

It’s an absolute tragedy but as the ongoing court case is showing there were huge failures resulting in negligence by the plane’s owner (Henderson) and the facilitator in dodgy Willy McKay 🤔

Is it? What negligence has been shown to be made at the hand of Willie Mckay? (For the record I dislike Willie Mckay with a passion).

Also Henderson wasn't the owner, not that that absolves him from a tort of negligence given the circs but just for clarity - he was the lessee operator (although he'd argue he wasn't even that!)