The PL stated that loans given by directors did not have to be declared for PSR. This helped Arsenal and others comply with the rules.
It's now been ruled illegal and the PL state it only counts from now and will not be backdated.
If it's unlawful and has been for 3 years, how can they just ignore the loans ? That in itself sounds unlawful. In other words they've failed PSR for 3 years.
Further, even if it starts from now, I assume Arsenal will have to declare any outstanding loans and could therefore he in deep shit. Can anyone enlighten me.
It's now been ruled illegal and the PL state it only counts from now and will not be backdated.
If it's unlawful and has been for 3 years, how can they just ignore the loans ? That in itself sounds unlawful. In other words they've failed PSR for 3 years.
Further, even if it starts from now, I assume Arsenal will have to declare any outstanding loans and could therefore he in deep shit. Can anyone enlighten me.