City launch legal action against the Premier League | City win APT case (pg901)

[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 - Man City Stuff

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 - Man City Stuff

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.