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

[Andy TheCatalyst Morrison]

I'm not sure how much difference it makes in the long run but I will say it does make sense that clubs should pay interest on shareholder loans.

When your loans are in the region of £250 million and interest rates are in the region of 5-10% per annum then I’d say it makes a fair bit of difference

 

[cheekybids]

Don't , mine just sits in the corner gathering dust

I thought they were supposed to gather the dust.

 

[hihosilva]

About right, 80.million a season.

It makes you think what a good deal Etihad struck at 40 million when everyone was saying it was inflated.

 

[MCFC1993]

Good

Both sides definitely 'won' though...

 

[cheekybids]

Don't do it. They are guilty of false advertising. I bought one of their expensive ball vacuums and ended up spending a whole night in A&E in absolute agony!

lol

 

[freshie]

Why do they need an emergency meeting. I thought the PL won the case!

To discuss the extent to which the PL will need to change its rules as a consequence of the sponsorship judgment in favour of City

 

[RobinHood]

The thing is, no matter how this is reported and by whom, the real victor is known by all of the reporting parties.

 

[Stoned Rose]

That Newcastle evidence and the suggestion from Tolmie there are also damning emails could damage the PL's reputation even more. It is obvious they have been acting in bad faith all along.

And have the cheek to charge us with not acting in good faith.

The cunts.

 

[mancboy]

PL APTs found to be unlawful.

PL APTs found to be procedurally unfair.

P164 of the findings highlights more.

Will the PL be sanctioning City or pursuing us for damages, as according to some media outlets, the PL appear to have won the case.

The bastards just can't help themselves !!

The media are still under the illusion that if they say something enough times then it will be true hence why they keep telling us the rags have turned a corner, the contempt they show for facts and the intelligence of their audience is quite incredible

 

[RiversideBlue]

Need the bestest banner ever for our next home game.......

 

[Gorton_Tubster]

Regarding any claims for compensation... Would City be able to use that as leverage for other stuff?

 

[Bill the Blue]

The whinging red bastards can't beat us on the pitch and have now been royally fcuked off it..

Today, is a good day for football..!

 

[RiversideBlue]

Need the bestest banner ever for our next home game.......

......or just one that says Dan Roan is a ****

 

[bluwes]

Where I understand City might have the biggest issues are some allegations around City execs misrepresenting owner funding as sponsorship income. Anyway I'm far from an expert on this and it's only based on some things I've heard which are just as likely to be bollocks as not so please don't take this as my personal opinion, only a response to what I've heard are possibly the toughest of the 115 charges for City to overcome.

You obviously didn’t read the CAS ruling. Eleven times they stated there was no evidence of misrepresenting owner funding as sponsorship income.
You really must try harder

 

[mattcity5]

PL APTs found to be unlawful.

PL APTs found to be procedurally unfair.

P164 of the findings highlights more.

Will the PL be sanctioning City or pursuing us for damages, as according to some media outlets, the PL appear to have won the case.

The bastards just can't help themselves !!

Seeing as it took the PL 2 weeks to announce this, causing further delays to remedying the issues, it feels like we could get them for "non-cooperation"...

 

[Onholiday(somemightsay)]

https://archive.ph/NndOh

Oh man - I've got such a lot of time for the below writing.

'It is not so much a can of worms as one of those tins of exploding snakes.'

Love reading Martin's considered articles............

 

[Stoned Rose]

Agreed. At some point the penny has to drop that in an effort to stop City and then Newcastle two other clubs have had points deducted, another club showed up the inadequacy of the rules as drafted and we now have a ruling that cites the latest APT rulings are illegal and that the PL is abusing its authority.

Additionally, the free ride other clubs were getting via shareholder funding has now been deemed unfair and discriminatory. Chuck in the millions spent on legal fees and it’s not exactly a ringing endorsement of Masters stewardship.

To be fair it has been bleeding hilarious so I’ll give him that much.

He has to resign surely? You can’t make this much of a bollocks of things and still show up.

 

[bridgeno1]

When your loans are in the region of £250 million and interest rates are in the region of 5-10% per annum then I’d say it makes a fair bit of difference

They'll just convert it to equity. In any case the loans were made for stadium upgrades as opposed to player purchases so whether that makes any difference who knows, I guess it's significant as otherwise KSE wouldn't have stipulated it in that way.

All today's ruling does is ban bullshit shareholder financing but allow bullshit APT deals. The flies will just move from one pile of dung to the other.

 

[CC1]

I think you are missing the point.

City didn't have a problem with the original rules. The club even voted for them in principle and didn't vote against them in 2021. It was the 2023 rules that led to the tribunal.

When it came to making the claim, of course the club aimed high against the original rules as well as the new rules. Why not? You never know. It's the equivalent of the 115 charges. I doubt the club really thought they could throw out all the rules, but they seem to have had success on the new rules they voted against and on the deals that were delayed. Which is a win for the club and a problem for the PL.

The PL can claim that as a victory if they want, but it is hugely embarrassing for them to have their legal opinion, that was paraded around all the clubs, reversed on appeal on any issue at all. And not for the first time.

Exactly - we threw in a few red herrings but we won exactly what we wanted to win

 

[BringBackSwales]

Need the bestest banner ever for our next home game.......

only need 7 letters

PLCUNTS