Arsenal were the beneficiary of an interest free loan from somebody....they borrowed money and paid no interest.From memory Arsenal included comment in their accounts stating that they had to include in their FFP calculations a sum ( not actually make a payment) in respect of advantageous interest rates that KSE were able to borrow money at on behalf of AFC
In other words the owners facilitated a better rate than Arsenal could achieve if it were the club that were borrowing the money so it was treated as an associated party or whatever term transaction
Don't be patronising, it's unnecessary.
Posters can hold a view and make suggestions, even if they are ultimately proven to be wrong....its a forum.
I don't believe that the PL will insist on retrospective interest payments due to their ATPs being largely unlawful.
But why not ?
A number of clubs have benefited from loans, to the extent that several may otherwise have failed the PSR and been sanctioned.
Rather than wiping the slate clean, let the benefiting clubs pay the interest then take action against the PL for professional negligence.
The PLs ATPs were unlawful, but the clubs gained commercial and, possible,sporting benefit.
Focus hard on the fundamental facts of the matter and remove all the deliberate obfuscation !!
Finally, in a hypothetical case.
If City had an interest free loan from HH Sheikh Mansour that was (say) five times the size of Arsenal's (£1Billion), and it created a commercial and/ or sporting advantage to City, do you believe that the PL would have viewed matters differently..... and that Arsenal would've remained silent ?
This matter now presents the opportunity to drain the swamp ...
"Once and for all"
Khaldoon al Mubarak
Chairman
Manchester City FC.
The rules were UNLAWFULJust to add to the debate I personally can’t see that any charges , irrespective of the arbitration outcome, can be laid for clubs that were complying with the rules that were in place .
Add to that any PL club were able to take advantage of the now flawed concession. Just like converting debt to equity these loans were by and large granted to fund losses that were PSR compliant
In 20/21 the charge for finance in their accounts was £39.8 million .Arsenal were the beneficiary of an interest free loan from somebody....they borrowed money and paid no interest.
Making a note to the accounts is marking their own homework.....they didn't pay interest !!
The rules were UNLAWFUL
The clubs had the right and opportunity to have them verified.
Ignorance in the face of the law is no excuse.
The loans created commercial/sporting benefits.
Pay the interest and sue the PL !!
Arsenal were the beneficiary of an interest free loan from somebody....they borrowed money and paid no interest.
Making a note to the accounts is marking their own homework.....they didn't pay interest !!
It became obvious to me a long time ago and also Khaldoon. Remember his "we will take a pinch this time".What happens if it becomes obvious that certain clubs & the premier league had colluded in creating unlawful rules?
Source ?Both.
The rules are void.But then you’re looking at retrospective action for not breaking some rules but breaking other rules because the rules were illegally drafted and you didn’t know you had broken the rules so getting mitigation but not full exemption. That seems harsh
Except that some specific rules weren't actually in force so we've been charged under catch-all rules, like failure to show utmost good faith, in some cases.No. We are charged with breaking rules in force at the time. Historic infractions are not retrospective.