PL charge City for alleged breaches of financial rules

[KS55]

The club thinks we are gonna get stiffed for much less than the charge sheet. Just gone onto the Shop to customise a shirt. Name - CHARGES; Number 115. They don't let yer have three digits - stops at 11.

Such an obvious marketing opportunity. 115 shirts would fly off the shelves.

 

[balotellishaircut]

The club thinks we are gonna get stiffed for much less than the charge sheet. Just gone onto the Shop to customise a shirt. Name - CHARGES; Number 115. They don't let yer have three digits - stops at 11.

Use a capital I instead of the number 1.

 

[Gone for a Burton]

Hopefully for the PL, their insurance policy was written by the same dilettantes that wrote their rules.

Their premiums are likely to rise exponentially if they lose.

They are currently in dispute/ litigation with 25% of their membership and that could rise soon.

 

[slbsn]

The legal bills are the PL responsibility not that of the shareholders. It is likely they have insurance. If not, they are even more shambolic and disorganised that we already thought.

They don't have insurance. But what policy would pay for a regulatory complaint against a member club. Would be an odd/very niche product.

The PL doesn't have its own money. It takes funds from the revenue in to pay its costs and then passes money to the clubs. The PL is not funded by a third party.

To be fair, I don't think they ever envisaged a scenario where they would be simultaneously running multiple claims vs a number of its clubs all with budgets at the very top of English commercial disputes

 

[slbsn]

The PL is a separate company with an independent identity.

We are not paying their costs save in the most indirect way.

We are paying our share indirectly - all clubs are. It has no independent revenue streams

 

[Colin Bells Boots]

Their premiums are likely to rise exponentially if they lose.

They are currently in dispute/ litigation with 25% of their membership and that could rise soon.

They should place a surcharge on the redshirt cabal ( for services not rendered hopefully )

 

[gordondaviesmoustache]

Their premiums are likely to rise exponentially if they lose.

They are currently in dispute/ litigation with 25% of their membership and that could rise soon.

Like I’ve said once or twice, the cunts don’t know what they’re doing.

Like this has never happened before; a large organisation being run shambolically!

Overseen by a bloke whose level in life is (at best) a regional manager for a midlands-based, family-owned soft-drinks firm. That’s Masters’ level. And he’s running the nation’s most valuable export product. It’s fucking comical.

Unbelievable people can’t see this. The PL is a fucking shambles.

 

[Chris in London]

They don't have insurance. But what policy would pay for a regulatory complaint against a member club. Would be an odd/very niche product.

The PL doesn't have its own money. It takes funds from the revenue in to pay its costs and then passes money to the clubs. The PL is not funded by a third party.

To be fair, I don't think they ever envisaged a scenario where they would be simultaneously running multiple claims vs a number of its clubs all with budgets at the very top of English commercial disputes

Doesn’t the money from the TV deals go to the PL before being distributed to the clubs? I had surmised matters such as merit payments would be made net of any operating costs (eg staff costs) and that legal fees would be treated in similar fashion.

My bad if not!

 

[slbsn]

Doesn’t the money from the TV deals go to the PL before being distributed to the clubs? I had surmised matters such as merit payments would be made net of any operating costs (eg staff costs) and that legal fees would be treated in similar fashion.

My bad if not!

Exactly. But that is my point - the money is just the top slice of PL clubs' money

 

[Bald fraud]

The article is all over the place. What is interesting though is the mention they went after Everton (and lost), in an attempt to make them pay the full cost of the proceedings. They seem to be coming more and more into conflict with their own member clubs. Well, some of them.

Only non American owned clubs. Hmmmm

 

[Mr Fraser]

Can anyone clarify how PL agrees content of press releases. In general but in particular to the Leicester issue. I imagine several clubs not disappointed by the outcome of their appeal

 

[Chris in London]

Exactly. But that is my point - the money is just the top slice of PL clubs' money

Fair point, but in that respect it’s no different from any other company. Dividends are distributed out of profits. All companies have extra-ordinary expenses like legal fees from time to time which reduce the dividends that can be paid.

That is just the lot of a shareholder. An organisation like the PL is going to have these issues from time to time. Not sure one can say the PLs fees are being paid for out of “our” money because it’s the PLs money insofar as meeting operating costs is concerned.

But we digress…

 

[Wayneclarkemunchescarrots]

An.

pedantic .

 

[slbsn]

Can anyone clarify how PL agrees content of press releases. In general but in particular to the Leicester issue. I imagine several clubs not disappointed by the outcome of their appeal

They will act independently. Probably regulatory and PR guys and some consultation with Masters, then they press release. Won't clear announcements with clubs

 

[Wayneclarkemunchescarrots]

Me?

No mate - many moons ago was a reply to GDM from another poster

 

[marco]

if at the end of all this we were dealt a fine for non cooperation would we then be liable for all costs or would we be liable for part costs?

 

[blue b4 the moon]

Spoiler: Answer

Water?

On a bike outside a chippy?

 

[slbsn]

Fair point, but in that respect it’s no different from any other company. Dividends are distributed out of profits. All companies have extra-ordinary expenses like legal fees from time to time which reduce the dividends that can be paid.

That is just the lot of a shareholder. An organisation like the PL is going to have these issues from time to time. Not sure one can say the PLs fees are being paid for out of “our” money because it’s the PLs money insofar as meeting operating costs is concerned.

But we digress…

Yes except it is very unusual to have a company where the board goes round suing the shareholders with company money.

 

[Chris in London]

if at the end of all this we were dealt a fine for non cooperation would we then be liable for all costs or would we be liable for part costs?

In principle we get our costs of the issues we win on, they get their costs of the issues they win on.

There are many variations on that theme however…

 

[Chris in London]

Yes except it is very unusual to have a company where the board goes round suing the shareholders with company money.

That deserves more than a like!