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

bluemanchester said:
Didn't Khaldoon say he would rather spend £50 million on the best lawyers rather than take another hit.
You are correct they were warned and I don't believe their own lawyers didn't warn them of the risks.
This is Little England standing up to the American owned cartel.
Well, with a little help from the Sheikh;-)
Come on City.
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Bloated arrogance is why. They have been so used to riding roughshod over everybody for years so expect to win everytime. I detest them and their superior bullying egotistical attitude.
 
I can’t say I’m bored with all this as it is interesting and City have to fight back but there are now no winners in any of this.

I used to be really worried we would be relegated if we lost 115. Don’t get me wrong I’d love to win these cases still but the difference now is that if we don’t I’m not sure I care that much anymore. We will be back anyway.

The whole thing is ridiculous.
 
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Cobwebcat said:
I can’t say I’m bored with all this as it is interesting and City have to fight back but there are now no winners in any of this.

I used to be really worried we would be relegated if we lost. Don’t get me wrong I’d love to win these cases still but the difference now is that if we don’t I’m not sure I care that much anymore. We will be back anyway.

The whole thing is ridiculous.
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We can't be relegated in this thread. It's an action the club brought against the PL.
 
Cobwebcat said:
I can’t say I’m bored with all this as it is interesting and City have to fight back but there are now no winners in any of this.

I used to be really worried we would be relegated if we lost. Don’t get me wrong I’d love to win these cases still but the difference now is that if we don’t I’m not sure I care that much anymore. We will be back anyway.

The whole thing is ridiculous.
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We bent over backwards to try and appease everybody and be accepted. Taking a pinch as Khaldoon said, rebuilding east Manchester, playing great football, appointing arguably the best and most likeable coach in world football. All to no avail. Our problem was we just kept on winning. We dropped enough hints that if they didn't stop we'd fight back and take it to the bitter end. That's where we're at now. They wanted a fucking war they've got one.
 
paulchapo said:
We bent over backwards to try and appease everybody and be accepted. Taking a pinch as Khaldoon said, rebuilding east Manchester, playing great football, appointing arguably the best and most likeable coach in world football. All to no avail. Our problem was we just kept on winning. We dropped enough hints that if they didn't stop we'd fight back and take it to the bitter end. That's where we're at now. They wanted a fucking war they've got one.
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Unfortunately true. It has to be done but we need to get back to football.
 
"New PL rules include a retrospective exemption for shareholder loans for the period from December 2021 until the new rules come into effect".

So ... let me get this straight.

PL create rules that ignore shareholder loans.

Tribunal finds that ignoring loans is not legal.

PL create new rules that still ignore shareholder loans. Just not any new ones.

Are they for fooking real?

This is blatant disregard for the ruling of the independent tribunal. And yet once again it will be City who are portrayed as the evil corporation attacking the blameless little PL cartel.

Makes me fooking sick.
 
SSBlue said:
"New PL rules include a retrospective exemption for shareholder loans for the period from December 2021 until the new rules come into effect".

So ... let me get this straight.

PL create rules that ignore shareholder loans.

Tribunal finds that ignoring loans is not legal.

PL create new rules that still ignore shareholder loans. Just not any new ones.

Are they for fooking real?

This is blatant disregard for the ruling of the independent tribunal. And yet once again it will be City who are portrayed as the evil corporation attacking the blameless little PL cartel.

Makes me fooking sick.
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That about sums it up as far as I can see. Laughable.
 
So what is it City are saying the PL have to wait for before making the new rules ? The panel has ruled. Is the panel going to give advice ? I didn’t think that was its role
 
MAG said:
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Surprising? That's a lawyer talking. It's absolutely mind-boggling.

The tribunal gave the two parties time to "consider what, if any, further relief is appropriate in the light of our conclusions". The tribunal was then, as I understand it, asked to confirm whether the existing rules are null and void or not and, as of now, hasn't made a confirmation. Then the PL just goes ahead unilaterally to make changes. Wholly unprofessional.
 
Churchlawtonblue said:
That about sums it up as far as I can see. Laughable.
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Not sure I get this issue with the new shareholder loan rule not being applied retrospectively.

We are only talking about the APT rules here.

The club's position is that the current rules are null and void, and so they shouldn't have been applied to any 2021-2024 transactions at all.

The PL's position is that the new rules solve the unlawfulness, but that they should only be applied going forward, leaving a period 2021-2024 in which the rules unlawfully excluded shareholder loans. And the club's position is that, following the PL's position, the new rules should be applied backwards to 2021-2024 transactions to correct the unlawfulness. But they can't because it's an ex-ante review and so impossible. Which is why they are null and void in the first place.

Is that it?

There is a much bigger problem for the PL in the treatment of shareholder loans for FFP/PSR back to 2013 , of course, but that isn't relevant here, is it, as the judgment, other than by implication, didn't conclude on that?
 
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