Well that's what they're using so clearly that's the PL's intention. But it's such a nebulous concept, and clearly open to wide interpretation.
I sure that we had good legal and other justification for doing things like Fordham but the problem is that we could demonstrate all the reasons why it was OK, and that there was no intention to mislead or deceive the PL but it's possible that the IC could still decide we didn't act in the utmost good faith. Whereas FFP, for example, is very much more specific about what is and isn't acceptable, as is the PL's PSR, yet there are still cases and appeals around these.
As you know only too well, there's no certainties when trading legal arguments. Also it's not a rule that seems to have been applied against a certain Merseyside-based club, who certainly didn't act in utmost good faith towards us back in 2013. If a clearly criminal act, or the constant vervbal sniping from Anfield, isn't a case of not acting in utmost good faith then what the hell is?