Thanks for that. Clear as always. And very long likewise :)
When you have time, do you think you can apply your mind to the evidence provided by the PL as to why the APT rules were necessary in the first place? I am struggling to see the logic in the tribunal's findings, based on the evidence presented, that the APT rules were necessary to ensure the proper functioning of PSR.
No problem if you have no time, or don't have the inclination. I wouldn't blame you, but maybe some others could help me out? Just an old accountant trying to understand how the arbitrators, in my mind at least, got it so badly wrong.
I don't see anything in the evidence presented that shows the ex-post review of transactions failed, and justifies a move to excessively complicated and onerous ex-ante rules. It just shows unsubstantiated fear from rival clubs that the existing rules may not be sufficient.
Maybe it's simply the case of City failing to prove they weren't necessary rather than the PL having to prove they were. But I may be biased. :)