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.
