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

[Gorton_Tubster]

It is what they do.

It does make me think about news reporting across the board, and if any of it is really the truth. Makes me feel like like something out of 1984 half wishing that I am the one thats mad.

 

[slbsn]

Is that legal though? If so why is everyone who wants to invest not piling cash in as 0% interest shareholder loans and then converting them into equity, free cash to spend

Completely legal. Some advantages to shareholder loans so sometimes used

 

[slbsn]

I suspect our KCs will be very enthused by the APT ruling
If nothing else it shows how hard it is to overturn these things. As such the premier league will struggle to land the 115/130 and prove all points.
Do you think it’s feasible we could come out having essentially won on most points but have a media campaign telling us we are still guilty.

In that scenario they may try but it will be very difficult and the sanction will show the result. Nobody is going to believe a non coop win for the PL (if that was the extent) was a meaningful win.

But it is likely that a win by the PL on any substantive matters will give the press the headlines they seek in the judgment - words like serious, concealed, false, unreliable etc. So depends what happens and what the judgment says.

 

[gordondaviesmoustache]

Nobody is going to believe a non coop win for the PL (if that was the extent) was a meaningful win.

That doesn’t mean they won’t present it as such.

 

[slbsn]

It would be interesting to know how many sponsorship deals have been presented to the PL since the amendment to the APT rules - and how many have been subject to a FMV assessment - we know we have three but I wonder how many more were? That team who finished 8th have a new kit sponsor…. I wonder if that was assessed to see if it was in line with the shirt sponsorship deals of their peers… Newcastle, West Ham and Crystal Palace! I bet not.

11 took longer than 25 days from memory so you can assume all those needed FMV work. And we know (or it appears), Newcastle’s SELA deal was renegotiated before it was approved (looking at redaction). We don’t have any split between 2021 rules and 2024 rules. None of City’s were 2024 applications but on the timetable set out, if challenged they wouldn’t be approved yet anyway (a lot of challenges are over 100 working days).

United’s is not APT so not FMVed.

 

[slbsn]

That doesn’t mean they won’t present it as such.

I’m sure they will but anyone with a brain will know it’s rubbish.

 

[arbabarshad]

Reading the thread, I have seen some posters say shareholder loans or equity can be used to spend money on players etc. But shareholder loans are not money earned (turnover) which is what the PSR is based on.

Whilst the shareholder loans can help with cashflow or reduce some interest costs due to low interest rates (might not be allowed going forward if these are tested for arms length principle), these loans or even if converted to equity will not equate to turnover and therefore be not much help towards PSR.

 

[gordondaviesmoustache]

I’m sure they will but anyone with a brain will know it’s rubbish.

Intelligent people can be deluded.

 

[Barcon]

Posted in error G mate. I’ve changed it. And dried my vagine.

Pics?

 

[Uncle Wally One Ball]

It is pathetic. My son supports Derby County and I'm glad to say he doesn't share that mentality. Why should he? Always aspire to be the best. As in Everton's motto, Nil Satis Nisi Optimum...

I know a few Forest and Everton fans who are wise to all this. They've seen great success in our lifetimes and why shouldn't they aspire to the same.

I hope Leicester's fickle fans and others feel the same way and have seen through the corrupt Premier League and its corrupt red cartel but tòo many don't.

And there was me thinking at at the time we all thought Leicester were in on a fix with the league to win it