City launch legal action against the Premier League | Club & PL reach settlement | Proceedings dropped (p1147)

SLY Sports reporting we have won which makes me think we have as they hate us.

Premier League and others (BBC, an organisation that gave us Saville and Harris and also refused to call murderers of Israeli kids terrorists) now just trying to save face.

What a fooking great day for City.
 
Hope this doesn’t get missed….but can someone clarify/explain the bit about shareholder loans?

What’s good or bad about that?
 
The real fun starts now as we watch on as they desperately try and fast track new rules in so those clubs that will now break PSR are absolved.

Sadly, I'm guessing those clubs will have a cast iron case of their own against the premier league if they're told they're now in breach of PSR and face punishment for it. Premier league are surely going to have to give them a period of grace to align themselves within the new rules.

Then you've got a whole host of potential court cases suing for loses if any club not just us can prove any negative financial impact directly related to them following unlawful rules.

Then you can ask the question as to whether the likes of Everton and Forest who have already been punished for PSR breaches have a new case against the league.

The potential implications to this are so much deeper than what most of us would think and I for one hope it blows up in their face.
 
69FACUPfinal said:
Oh please, please let this come to pass and how delightful that will be when the day of reckoning comes for that shower of US owned shite.

Pass me the letterheaded paper to write to them when there is a fire sale and we can offer to take the 'camera man' Odegaard and that inappropriately named mutt WIN for starters.....
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Massive points reduction, relegation or expulsion from all leagues is the only fair approach !!!!
Cheating bastards !!!!
Ohhh that felt good !!!!
 
ninjamonkey said:
The real fun starts now as we watch on as they desperately try and fast track new rules in so those clubs that will now break PSR are absolved.

Sadly, I'm guessing those clubs will have a cast iron case of their own against the premier league if they're told they're now in breach of PSR and face punishment for it. Premier league are surely going to have to give them a period of grace to align themselves within the new rules.

Then you've got a whole host of potential court cases suing for loses if any club not just us can prove any negative financial impact directly related to them following unlawful rules.

Then you can ask the question as to whether the likes of Everton and Forest who have already been punished for PSR breaches have a new case against the league.

The potential implications to this are so much deeper than what most of us would think and I for one hope it blows up in their face.
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It won't be retrospectively applied. Any changes would apply moving forward.
 
Bournemouth Blue said:
Let’s face it we won’t win any friends about this, except maybe those who will benefit (but they won’t thank us either). But the case against the PL has shown they have acted illegally and that must damage any residual reputation they had left, but the American lawyers will be rubbing their hands now, trying to destroy all clubs with links to the Middle East.
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They will need to invest money & it’s not their preferred methodology. Spurs owners are already negotiating an equity sale to Amanda Staveley, Glasers already part sold to scruffy Jim. Bin dippers FSG lot tried to sell & couldn’t. Maybe the others will cash out or limit their investment
Recent history suggests the Yanks know when they are beaten or at least reached an unsustainable stalemate
 
bridgeno1 said:
From an Arsenal perspective this isn't great for us. The main ruling I see from this that impacts us is the fact that club owners can't give the club loans without having fair market value interest charged.

At present the Kroenkes loan the club £250m and as football is a risky business I'd say fair market value interest rates are around 8% so that's an extra £20m that needs to be factored into FFP moving forward.
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Oh no.

Oh dear how sad.
 
I’d long become immune to any progress being made on this.

I was ideally surfing the internet and thought I’ll see what is happening in the world and went onto the BBC website.

Reading it (and I know nothing aboit the ins and out of case) I thought oh dear we’ve not done well here !
 
Just been trying to work out how the PL and BBC can claim that it mostly went in the PL’s favour. These are the previous two pages in the document that list where our challenges failed. The PL are using it as a fig leaf to cover their embarrassment at finding that their rules are unlawful.

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SSN: We are going to start with a partial victory for Manchester City

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