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

[St.Pauli support]

The cartel must be so pissed off and have told Webb that City’s next game at Wolves they want to see 3 straight red cards , 2 penalties, 6 yellow cards 2 disallowed goals all in favour for Wolves.

Sounds like Jon Moss or Mike Dean will be reactivated...

 

[7Superman]

I want him to go dressed as Jules Winnfield and throw his wallet on the table first thing..

I read that as June Whitfield!!

 

[eastmanc]

Possibly, but I only admit to six ..... three boys, three girls. The older ones all grown up and living in a different continent, luckily :)

Maths isn't my strong point.:-)

 

[Blue Mooner]

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.

100% this. Who can say? You might think a deal was over-inflated and someone else might think it wasn't. There isn't a right or a wrong answer is there?

Both excellent posts. I am struggling to understand how anyone can think that City didn't win the case. Read the judgement FFS!

The Premier league I presume wanted to defend the existing APT rules and keep them in place. City on the other hand wanted to prove that the APT rules were anti competitive and get their sponsorship deals ultimately reinstated - they manifestly succeeded.

How anyone can think or characterise that as a success for the PL is beyond comprehension.

They had a small victory in proving that the premise of APT and FMV was legal but they are going to have to re-wrote those rules to ensure they are now legal

I'm not sure, but I suspect total victory would have been the complete abolition of APT rules and FMV That might have been the optimal result but given City didn't challenge the rules in 2021 I struggle to believe that was the objective.

 

[Betterdeedthan red]

No surprise there, they need to hang on to the coat tails of the the other bent cunts.

The snotty nosed little kid gangster hanging about with the real real serious villains .

Only way they can be involved with any top clubs.
Mind you the rags aren't a top club anymore either

 

[Alan Harper's Tash]

I really want you to have counted each individual word rather than sticking it in word and clicking word count, but i'm guessing you didn't.

He’ll have staff for that ;-)

 

[levets]

Our very own @johnny crossan recorded this for posterity in a video on his Youtube channel called "Hate Fuelled Envy". Think it might have been copyrighted or something as I can't find it now.

What’s the YouTube channel called?

 

[Nightmare Walking]

I’m sure Stefan doesn’t need anyone to defend him but people also need to appreciate that he’s plainly a cautious individual, which I expect is a characteristic that has served him well professionally over the yearsI think some people are expecting him to be something he’s not, which is a ridiculous expectation quite frankly.

He’s simply playing his natural game and shouldn’t be criticised for it.

Rick Holden played his natural game. I bet you criticised him for it.

 

[TedofChume]

Both excellent posts. I am struggling to understand how anyone can think that City didn't win the case. Read the judgement FFS!

The Premier league I presume wanted to defend the existing APT rules and keep them in place. City on the other hand wanted to prove that the APT rules were anti competitive and get their sponsorship deals ultimately reinstated - they manifestly succeeded.

How anyone can think or characterise that as a success for the PL is beyond comprehension.

They had a small victory in proving that the premise of APT and FMV was legal but they are going to have to re-wrote those rules to ensure they are now legal

I'm not sure, but I suspect total victory would have been the complete abolition of APT rules and FMV That might have been the optimal result but given City didn't challenge the rules in 2021 I struggle to believe that was the objective.

I totally agree, this is Dan Roan's article on the letter City's Simon Cliff has sent out to the a Premier League and other clubs. It's nice to know confidentiality isn't important to Roan.

Man City accuse Premier League of 'misleading' clubs over tribunal verdict

Manchester City accuse the Premier League of being "misleading" over the verdict in its landmark legal case on rules over commercial deals.

www.bbc.co.uk

As usual Roan tries to hide the truth, but Cliff is spot on:

" in response to a summary of the panel’s ruling by Premier League chief executive Richard Masters.

"Regrettably, the summary is misleading and contains several inaccuracies,

"The tribunal has declared the APT rules to be unlawful. MCFC's position is that this means that all of the APT rules are void,

"The decision does not contain an 'endorsement' of the APT rules, nor does it state that the APT rules, as enacted, were 'necessary' in order to ensure the efficacy of the League’s financial controls.

I'm inclined to agree with Cliff, and I'm baffled that the Premier League appear to be in denial of what has actually happened.

 

[KS55]

"Tyranny of the majority" 14 clubs rule the roost - 11 US owned with 4 fellow travellers run by a money launderer, 2 bookies and a pornographer.

Crikey, we are the only club not run by charlatans, yet we get dogs abuse.

 

[BringBackSwales]

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

Are these figures and distortions accurate?

 

[Colin Bells Boots]

Only way they can be involved with any top clubs.
Mind you the rags aren't a top club anymore either

Pisses me off that they are talked about by the fucking media as contenders ,,,,,,,,,,,,,,,,,,,,of any bloody thing.

And that diminutive miserable **** Daniel Levy is somehow portrayed as a fantastic negotiator by the arse-lickers and knownowts.

 

[KS55]

Rick Holden played his natural game. I bet you criticised him for it.

Stefan might make a passable left wing. Holden could not hold a pen correctly as a CEO.

 

[gordondaviesmoustache]

Rick Holden played his natural game. I bet you criticised him for it.

No. I liked his languid, insouciant style very much.

 

[flb]

Are these figures and distortions accurate?

Fucking boom if you ask me , this should be copied and pasted at fucking will , and despite all of that , they still couldn’t knock us of our perch - cunts.

 

[St.Pauli support]

Why would they want to release good news for us then?

Can't wait for further intl breaks' 1st days...

 

[KS55]

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

When someone on here asked for our views on what the regs should be, I included:
1. Stadiums must belong to the clubs and cannot be sold off to directors etc.
2. All clubs must be registered as British, no off shoring.
I’m still convinced these two rules are necessary.

 

[The Stockport Iniesta]

How long do we reckon before the tribunal gives a clarification on their APT ruling, as alluded too in the Simon Cliff letter?

 

[TedofChume]

Are these figures and distortions accurate?

I looked at Liverpool's accounts at the time and their profits were £3m back then, 2010-11 - I think.

The 0.5% interest rate is true,

The Compound Rate calculation is correct.

Commercial interest rates vary enormously, you can pay anything from 6%-20% depending on your credit status. So using 8% isn't real, but I've used it for illustration.

I think the loan was for £240m, I've seen it reported as £220m-£260m, but these things are often misreported, because they've appeared officially converted to US$ or Euros€ and then been converted back at the current rate rather than the rate at the correct date. It's like KDB cost £57m which was €76m Euros at the time, so someone will convert that back at another day's rate and get £60m, £65m, £67m etc.

It is smoke and mirrors to some extent, however the principle is correct. Not subjecting this loan to FMV interest rates allowed Liverpool to pay down their debt far more quickly than they should have done whilst releasing funds to buy players.

 

[wolviedinho]

It not that difficult to write levy instead of wasting ink on redacting.

It was definitely bloom. The wanker couldn’t keep his mouth shut recently. Must of gotten wind we were going to expose the loan situation. Best run club in the league apparently, so why fear city and our claim the rules are unlawful? Hopefully in the not so distance future they are back in league 1/2 after buying shit. The run won’t last forever.