PL charge City for alleged breaches of financial rules

[malg]

I'm still fucking stunned that interest free loans from owners was just waved through as being ok. I'm fine with it, but how is it any different to our owners just giving us money?

 

[Colin Bells Boots]

I'm still fucking stunned that interest free loans from owners was just waved through as being ok. I'm fine with it, but how is it any different to our owners just giving us money?

Depends upon ethnicity of owner and colour of shirt worn allegedly ?

 

[malg]

Depends upon ethnicity of owner and colour of shirt worn allegedly ?

Fair one, I'm a bit of an asshole for even bringing it up.

 

[nmc]

Stefan has said this change is not a big deal, but it rather depends on why owners have preferred these loans rather than equity. Because they may want the money back a la Portsmouth?

…. Oh the irony… so the PL have to amend the rules re shareholder loans and the prospect of an owner calling in their loans which could destabilise a club financially! But, but wasn’t preventing another Portsmouth the PLs whole rationale for introducing these rules in the first place…. YCMIU.

 

[Colin Bells Boots]

Fair one, I'm a bit of an asshole for even bringing it up.

Don't be so hard on yourself.....................a bit of .....?? :)

 

[Millwallawayveteran1988]

Private schools proceed with legal action over VAT plans

The Independent Schools Council, which represents 1,400 schools, votes to proceed with legal action.

www.bbc.co.uk

Panick has his next job lined up in Jan so can’t be too much longer now.

 

[halfcenturyup]

No. 6 is the key finding. If PSRs were replaced by a spending cap that would be a huge improvement, provided that the cap made sense. The PL, however, are quite capable of messing even that up.

A cap as a % of revenues, or an anchor?

I don't see how either of those do anything to improve competition, honestly.

 

[halfcenturyup]

I wish these lawyers would stop using football metaphors to describe what is going on. It doesn't make them look edgy and it's condescending, quite honestly. We can understand what is going on even if they use big words. Usually ....

 

[Bluewonder]

A cap as a % of revenues, or an anchor?

I don't see how either of those do anything to improve competition, honestly.

Removing all financial rules and introducing a flat £500m net transfer cap assessed over a 3 year rolling period would solve a lot of problems.

 

[Champions again in 2012]

Apologies if posted - It looks like Lord Pannick is lining up new work. This extract from an article on the BBC website in relation to VAT being applied to private school fees from January:

In a board meeting on Thursday, the Independent Schools Council (ISC), the body which includes most independent schools in the UK, voted to pave the way for legal action.

Lord David Pannick KC, one of the country’s leading barristers in cases relating to government decisions, is to lead the challenge which will be brought on behalf of parents, including those with children with special educational needs and disabilities

 

[remember arthur mann]

Hudson ?

Don't know, never watched it.

 

[KS55]

A cap as a % of revenues, or an anchor?

I don't see how either of those do anything to improve competition, honestly.

Anchor is nonsense. Straight cap, it depends on the level. If if reins in the big boys reasonably, but does not inhibit the next tranche, it gives the next tranche a chance to catch up.

 

[citizen_maine]

Anchor is nonsense. Straight cap, it depends on the level. If if reins in the big boys reasonably, but does not inhibit the next tranche, it gives the next tranche a chance to catch up.

No chance of that being implemented then. Cartel don't want teams 'catching up'

 

[Dribble]

This is what I've been stating since I took a step back, & adopted a global overview stance...

"In short, the old days of deference to the 'specificity of sport' appear to be numbered. As a result, fans are likely to continue to see their favourite clubs fighting their battles in the courts, as well as on the football pitch."

Game, set & fuckin match! Football is a business sector & should be treated in law, the same as any other industry...

FFP, PSR & APT are as ridiculous as the Australian PMC rules!

 

[old blue]

Does it not date to the English for somewhere to dry your pants.

I think you are confusing it with a Tena advert. :-)

 

[ysmsa]

The pumpkin is ready.

 

[Dribble]

The pumpkin is ready.
View attachment 137051

PMSL!! :-)

 

[Kinkys Left Foot]

End of week 7 tomorrow and still not a murmur from any of our detractors or their shills in the media!

 

[halfcenturyup]

The pumpkin is ready.
View attachment 137051

Ha115ween. Like it.

 

[Stephen230]

Private schools proceed with legal action over VAT plans

The Independent Schools Council, which represents 1,400 schools, votes to proceed with legal action.

www.bbc.co.uk

Panick has his next job lined up in Jan so can’t be too much longer now.

I only skim read it but I think it was saying that the new law comes into effect on January 1st. Not necessarily that any legal proceedings will start then.