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




Official now

Great news & well done City.
You can almost hear the cartel clubs owners sphincters loosening in panic at the realisation of losing one of their main ways to try to stop City’s dominance, or other clubs from a chance of breaking into/breaking up the cartel.
 
This is easily my favourite—and, in my opinion, the most incisive—quote from Martin Samuel’s excellent piece in The Times about our victory over the PL, and it doesn’t even mention us, which alludes to how shortsighted and moronic the APT (and PSR and FFP) rules are in both conception and practice. And the subtle jab at Liverpool is scrumptious.

It’s a mess. Complex, perhaps incalculable. It always was. If Saudi Arabia are trying to get on the map with the Neom City project — estimated cost $1.5trillion — what is it worth to them to bring it to the world on the front of a football shirt or in a stadium naming-rights deal? And how can that investment be measured against Newcastle’s previous sponsors such as Fun88, Wonga or McEwan’s Lager? “This means more” used to be an advertising slogan around Anfield — but sponsorship does, to some companies. And fair market value was always a dubious, debatable concept, for that reason.
 




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Says the man with dildo stuck in this mouth
 
It’s not the value of the loan but the saving on interest that will be taken into account for FFP.

I seem to remember Liverpool writing off multiple years spending on their non-existent new stadium, all in one set of accounts to fudge FFP.

I'd suggest all the backdated years of unpaid interest, on their owner loans, should now be combined into one year.

In the meantime, City can probably spare a few asterisks for their honours*
 
The interesting bit now is I can’t see them getting enough support to implement what should be a lawful version of the rules…
 

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