Man Utd under investigation by US commission
Posted: Wed Apr 23, 2014 6:08 am
It was reported today by the BBC that the club faces a securities investigation by the NASDAQ securities commission for the way they announced the sacking of gollum. This was done in the first instance on twitter and it was 40 minutes before it was properly announced. This breaches the rules of the worlds second largest stock exchange, one used by ordinary american people to invest and the club are in big trouble as they can and probably will be fined millions of pounds for the breach. This action may have led to insider trading while others unaware of the rise in shares have been cheated out of the opportunity to gain by further investment.
Generally US institutions are much more punitive on this than in London and the club has no real defence, pants are truly down!
Maybe the summer transfers might be a bit more modest as a result and it may even affect ffp due to reduced income through the payment of fines coupled of course with the loss of TV money covering the champions league.
OH Dear!! And so soon after the loss of the greatest manager the club ever had! Moyes that is not baconface.
Generally US institutions are much more punitive on this than in London and the club has no real defence, pants are truly down!
Maybe the summer transfers might be a bit more modest as a result and it may even affect ffp due to reduced income through the payment of fines coupled of course with the loss of TV money covering the champions league.
OH Dear!! And so soon after the loss of the greatest manager the club ever had! Moyes that is not baconface.