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

[mancboy]

@slbsn has said on twitter it won’t be an issue as owners will simply convert the loans to equity, but then why do the loans in the first place then?

Im not sure slbsn is as well informed as first percieved

 

[SebastianBlue]

@slbsn has said on twitter it won’t be an issue as owners will simply convert the loans to equity, but then why do the loans in the first place then?

I won’t go in to weeds, but one of the issues with converting debt-to-equity is the exposure of the entity funding the swap. I am not sure I share Stefan’s confidence that all of the owner entities of the clubs with low-to-no interest shareholder loans would be willing to assume the inherent risks involved, especially given the general state of football markets at present and the uncertainty surrounding the full implications of this and several other recent consequential rulings.

 

[Rammy Blue]

No we challenged the whole thing, it’s the first argument on the full decision.

I assume though we had zero expectation of actually winning that anyway, just helped with rest of the case.

 

[meltonblue]

The legality of APT as a concept was upheld, just not the 2 most recent additions. City argued the whole thing was unlawful and failed.

It’s not arguable that was a major victory for the PL, if City had succeeded in that there’d be no APT rules right now, and as it stands we’re just back to 2020 rules.

That they don’t involve the interest free loans as APTs was part of the 2020 rules too, and I’m not sure they’re going to easily get agreement to just include them from enough clubs.

Think this has a fair bit to run yet.

 

[halfcenturyup]

There’s nothing wrong as such with an interest free loan, it’s only an issue now due to the APT rules.

What really should happen is owners should be forced to put in equity, that’s what a regulator whose main motivation was the financial stability of clubs would be advocating for…

Yes. It's all a bit contradictory. A shareholder can normally decide for many reasons on putting whether to invest equity or loans. Fiscal, mostly. Fundamentally, it affects nothing. But, now, a shareholder will be forced either into a structure that isn't the most beneficial to them, or punished with a commercial rate of interest that, ironically, affects their "sustainability" and their ability to compete. It's a weird financial world we live in. Tangled webs and all that.

 

[GaudinoMotors]

The Forest fan is not a happy bunny. Shame.

No they can't Mark - they just need to re work the rules.
Inflating sponsorship to unrealistic levels would be a return to the 90s when united were at it and successful.
You know - before any rules.

 

[Txiki Txiki Bang Bang]

Good

Amazon would make billions if they can secure a fly on the wall deal to cover this emergency meeting. It would be like that "Nein" speech from Valkyrie, except you would have 20 different people reenacting that speech

 

[John Wayne]

It's a significant victory for City. The panel agreed with the principle of FMV and admitted that it's "not an exact science". City did not get FMV thrown out, but realistically, I don't think they ever thought it would be. What has been ripped up is the APT rules, so Panja is wrong to say we revert to November 2021. The decision (link to page 164 on City's website) explicitly rules the amended APT and original APT to have been applied unlawfully. This is a fox in henhouse moment.

 

[Gundoggin]

Has he commented on the unlawful rules?

Just spouted his usual anti city shite and nothing about what really happened today .

 

[jrb]

The legality of APT as a concept was upheld, just not the 2 most recent additions. City argued the whole thing was unlawful and failed.

It’s not arguable that was a major victory for the PL, if City had succeeded in that there’d be no APT rules right now, and as it stands we’re just back to 2020 rules.

People can argue about whether City thought they’d actually win that argument or not, but the fact is they made the argument and lost and the PL is in a much much better position than they’d be if that claim had been upheld.

Carry on!

Nobody is listening.

 

[Plays By Sense Of Smell]

Actually turned talk shit on again to hear Charlie gimp sayin is bad news for arsend after Lawton said they have 200m in shares. Beautiful listen going to sample it and put in a techno tune:)

Could be the next ‘Hawk, Tuah!’

 

[blue b4 the moon]

anybody contacted John Bishop to get his opinion :-)

Never mind him.... Everton?

 

[moggymoz]

For anyone wishing to read certain paywall news feeds, thank me later ... https://12ft.io/

 

[Don Karleone]

Pannick is a god

 

[kaz7]

The red shirts have shown their hand again , surprised at the others on the prems side , cant see why they have a problem with us

 

[domalino]

I won’t go in to weeds, but one of the issues with converting debt-to-equity is the exposure of the entity funding the swap. I am not sure I share Stefan’s confidence that all of the owner entities of the clubs with low-to-no interest shareholder loans would be willing to assume the inherent risks involved, especially given the general state of football markets at present and the uncertainty surrounding the full implications of this and several other recent consequential rulings.

It also causes problems for clubs with multiple owners. If we co own a club 50/50, you lend the club £100m and now have to convert that into equity, my equity is diluted.

 

[Stoned Rose]

Does anyone have a list of the clubs with the dodgy 0% shareholder loans?

Earlier in the thread somewhere.

Off top of my head Everton £450m, Arsenal £200m, Dippers £100mand a few others with approx £60m.

 

[mike1923]

I often call emergency meetings when I have won a major battle with my sworn enemy.

It’s totally the normal way to take a victory lap.

We should raise a vote of no confidence in Masters. Ask the other clubs if they’re happy for him to keep spending their money on ridiculous legal fees for cases they keep losing because they don’t know their own rules and keep trying to bring in illegal ones

 

[Sheikh rattle and roll]

Has anyone checked if John Bishop is still alive?

What a Tosser he is

 

[bobbyowenquiff]

How fucking naive are you ? :)

My post is sarcasm!