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

GSW Blue said:
Is that right Stefan? I assumed we could do a deal at any value but the PL rules could make us put through an accounting adjustment purely for FFP purposes!

If this is not the case it makes it even more ridiculous that shareholder loans below market value interest were not addressed in ATP rules originally.
Click to expand...
Pre Amendment rules... I think there will be special rules for loans that replicate UEFA rules. But APT wise, the consequences of a rejection is here... (2022/23 version just because it is one page to view)

1728495219622.png
 
FLManc said:
Love this bit from Samuel's Times column:

"And this is pretty much the principle on which most of football’s financial regulation is based. None shall pass … Manchester United, Liverpool, Arsenal, Bayern Munich, Juventus, all of the clubs that had it their way for so long. Heaven forbid anyone passes them. The established elite were the ones that selflessly helped Uefa draft its rules, neatly pivoting so that the initial target — debt — became less of a crime than owner investment. One day, maybe, the former Manchester United chief executive David Gill will explain what was in it for all of the clubs, but we can certainly work out what was in it for his."

Martin knows what most of us Blues have been saying for years.
Click to expand...
Pity for them they were wrong about none shall pass.
 
ChicagoBlue said:
God Bless Martin Samuel for being the ONLY journalist who has seen through this whole charade the entire time, and understood that City were not only NOT “buying the League,” but also were running a very successfully sustainable club!

From the outset, Mansour & Khaldoon talked about the 10 year project to create a club (First Team, Academy, Stadia and commercial sponsorships) that was in a position to create the success, both on and off the field, to make it a sustainable (and hopefully, profitable) long-term business…because that is what they do!

CFG is a global business that is sustainable, well-run, and uses Man City as a figurehead “halo” club to both promote and project their success.

That has turned a £200M Man City into a £2-3-4Bn CFG, making it both successful and sustainable.

As a planned symbol of this success and sustainability, the Club has engaged in a community development plan unique in the annals of British football, by regenerating a poverty-stricken, rundown area into a considerably more vibrant community full of homes, schools and destinations that will help it develop further.

Martin Samuel, while being merely a football journalist with some historical perspective, has recognized all of this, while understanding the internal political forces arrayed against it, and been strong enough of character and journalistic integrity to call it out for what it is, was, and should be.

Take a bow, sir. You’ve been on the right side of this from the outset!
Click to expand...
Good post. You might almost say that the PL sees money as the problem: Sheikh Mansour and Khaldoon see it as part of the solution.
 
  • Like
Reactions: Pam
TedofChume said:
Not that I have any hard feelings towards that Liverpool Fing Cheating:

The seedy side of Liverpool’s Financial Manipulations – low interest loans - ManCityStuff

The full effect of interest free loans and how it distorts competition in England and Europe In my post Liverpool Financial Doping on 08 June 2023, I first referenced Liverpool's financial doping practices on this page, and today's ruling has made it clear that the exclusion of owners' loans and...
mancitystuff.co.uk
Click to expand...
Excellent , a year+ ahead of its time.
I thought Arsenal would be bad with owner loan and but that seems to show they are even worse than Everton?!?
 
slbsn said:
Pre Amendment rules... I think there will be special rules for loans that replicate UEFA rules. But APT wise, the consequences of a rejection is here... (2022/23 version just because it is one page to view)

View attachment 134473
Click to expand...
Thanks. This is madness. Why stop at dictating sponsorship and apply the same principle to player transfers or ticket prices??

The whole thing needs ripping up and starting again!
 
TedofChume said:
To be honest whilst it's nice that Stefan Borson provides some kick back, he really does waffle and come out with some mealy mouthed drivel at times.

At the end of the day, we were told by Platini that the whole purpose of FFP was to stop owners pumping too much money into their clubs, to try to make the game more sustainable. The PSR rules are supposed to be a more lenient/watered down version of the same, as the allowable losses are higher.

However FFP insists owner loans have interest allocated at a FMV rate and PSR doesn't (or didn't).

Judging by the Premier League's stance on this point and losing in court on it, if Mansour had simply leant City £1.5Billion at 0% then they wouldn't be pursuing City for breaching PSR... dream on.....

The Premier League have been proven by this judgement and their immediate response to be completely corrupt and disingenuous.

These hefty preferential loans at clubs like Arsenal and Liverpool have been around for over 15 years, deliberately circumventing PSR. How can they write off historical issues of interest free orclow interest loans?

I've actually calculated Liverpool's 2010 0.5% £240m loan would now stand at £735m if an FMV interest rate of 8% had been applied. They would never have had the money to buy Mo Salah, let alone Van Dijk. Alisson, Fabhino and Keita. They wouldn't have won anything at all under Klopp.

Arsenal have spent way above their means over the last 8 years using this same mechanism, to build the side they have today.

When the PSR rules were written, I find it hard to believe high quality law firms were not involved because of the sums of money at stake. These firms will have provided sound legal advice as to the legality of this issue, and almost certainly advised against it. You'd have to assume they deliberately ignored it at the behest of Arsenal, Liverpool and United to give them a loophole whilst they try to "get City"

City have had two sponsorship deals stopped this year under the APT rules that have just been found unlawful and can claim compensation. I have no idea how much they're for, but axtypical deal of £20m over 5 years is £100m. So this alone could be considerable.

Yesterday the Daily Mail, when covering this story, suggested many smaller Premier League clubs had been trying to get the Premier League to drop the PSR case against City, and settle for damages out of court.

It is now very clear to me, City are going to win their PSR case either at arbitration or on appeal in a court of law. The legal costs and compensation are going to hit £1Billion or thereabouts for this whole affair.

On the one hand, we want our club vindicated and cleared, but we don't want to destroy competitive football and the Premier League.

This is why our owners are pushing for a football regulator.

I'd love to see the Glazers. Kroenke, FSG, Joe Lewis and Boehly booted out of football for good.

I wish Stefan Borson would show more balls.
Click to expand...
"he really does waffle..."

[Bashes out 520 words nobody will read]
 
TedofChume said:
To be honest whilst it's nice that Stefan Borson provides some kick back, he really does waffle and come out with some mealy mouthed drivel at times.

At the end of the day, we were told by Platini that the whole purpose of FFP was to stop owners pumping too much money into their clubs, to try to make the game more sustainable. The PSR rules are supposed to be a more lenient/watered down version of the same, as the allowable losses are higher.

However FFP insists owner loans have interest allocated at a FMV rate and PSR doesn't (or didn't).

Judging by the Premier League's stance on this point and losing in court on it, if Mansour had simply leant City £1.5Billion at 0% then they wouldn't be pursuing City for breaching PSR... dream on.....

The Premier League have been proven by this judgement and their immediate response to be completely corrupt and disingenuous.

These hefty preferential loans at clubs like Arsenal and Liverpool have been around for over 15 years, deliberately circumventing PSR. How can they write off historical issues of interest free orclow interest loans?

I've actually calculated Liverpool's 2010 0.5% £240m loan would now stand at £735m if an FMV interest rate of 8% had been applied. They would never have had the money to buy Mo Salah, let alone Van Dijk. Alisson, Fabhino and Keita. They wouldn't have won anything at all under Klopp.

Arsenal have spent way above their means over the last 8 years using this same mechanism, to build the side they have today.

When the PSR rules were written, I find it hard to believe high quality law firms were not involved because of the sums of money at stake. These firms will have provided sound legal advice as to the legality of this issue, and almost certainly advised against it. You'd have to assume they deliberately ignored it at the behest of Arsenal, Liverpool and United to give them a loophole whilst they try to "get City"

City have had two sponsorship deals stopped this year under the APT rules that have just been found unlawful and can claim compensation. I have no idea how much they're for, but axtypical deal of £20m over 5 years is £100m. So this alone could be considerable.

Yesterday the Daily Mail, when covering this story, suggested many smaller Premier League clubs had been trying to get the Premier League to drop the PSR case against City, and settle for damages out of court.

It is now very clear to me, City are going to win their PSR case either at arbitration or on appeal in a court of law. The legal costs and compensation are going to hit £1Billion or thereabouts for this whole affair.

On the one hand, we want our club vindicated and cleared, but we don't want to destroy competitive football and the Premier League.

This is why our owners are pushing for a football regulator.

I'd love to see the Glazers. Kroenke, FSG, Joe Lewis and Boehly booted out of football for good.

I wish Stefan Borson would show more balls.
Click to expand...
Tremendous post!!!
 
TedofChume said:
To be honest whilst it's nice that Stefan Borson provides some kick back, he really does waffle and come out with some mealy mouthed drivel at times.

At the end of the day, we were told by Platini that the whole purpose of FFP was to stop owners pumping too much money into their clubs, to try to make the game more sustainable. The PSR rules are supposed to be a more lenient/watered down version of the same, as the allowable losses are higher.

However FFP insists owner loans have interest allocated at a FMV rate and PSR doesn't (or didn't).

Judging by the Premier League's stance on this point and losing in court on it, if Mansour had simply leant City £1.5Billion at 0% then they wouldn't be pursuing City for breaching PSR... dream on.....

The Premier League have been proven by this judgement and their immediate response to be completely corrupt and disingenuous.

These hefty preferential loans at clubs like Arsenal and Liverpool have been around for over 15 years, deliberately circumventing PSR. How can they write off historical issues of interest free orclow interest loans?

I've actually calculated Liverpool's 2010 0.5% £240m loan would now stand at £735m if an FMV interest rate of 8% had been applied. They would never have had the money to buy Mo Salah, let alone Van Dijk. Alisson, Fabhino and Keita. They wouldn't have won anything at all under Klopp.

Arsenal have spent way above their means over the last 8 years using this same mechanism, to build the side they have today.

When the PSR rules were written, I find it hard to believe high quality law firms were not involved because of the sums of money at stake. These firms will have provided sound legal advice as to the legality of this issue, and almost certainly advised against it. You'd have to assume they deliberately ignored it at the behest of Arsenal, Liverpool and United to give them a loophole whilst they try to "get City"

City have had two sponsorship deals stopped this year under the APT rules that have just been found unlawful and can claim compensation. I have no idea how much they're for, but axtypical deal of £20m over 5 years is £100m. So this alone could be considerable.

Yesterday the Daily Mail, when covering this story, suggested many smaller Premier League clubs had been trying to get the Premier League to drop the PSR case against City, and settle for damages out of court.

It is now very clear to me, City are going to win their PSR case either at arbitration or on appeal in a court of law. The legal costs and compensation are going to hit £1Billion or thereabouts for this whole affair.

On the one hand, we want our club vindicated and cleared, but we don't want to destroy competitive football and the Premier League.

This is why our owners are pushing for a football regulator.

I'd love to see the Glazers. Kroenke, FSG, Joe Lewis and Boehly booted out of football for good.

I wish Stefan Borson would show more balls.
Click to expand...
Very good post…if we can just stay on topic and avoid characterizing certain people who have been instrumental in helping give a larger platform to the details and how OTHER CLUBS have, quietly and with PL approval and consent.
 
You must log in or register to reply here.
Unread Posts

Don't have an account? Register now and see fewer ads!

SIGN UP
Back
Top