cheekybids
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I would imagine City will be saying to those clubs who have shareholder loans it will go against them once the panel explains their judgement.
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City launch legal action against the Premier League | City win APT case (pg901)
- Thread starter denislawsbackheel
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I would imagine City will be saying to those clubs who have shareholder loans it will go against them once the panel explains their judgement.
1961_vintage
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Strategically this has been the goal from the outset.I know it's two separate cases but the aim is to make City look bad, looks damaged , wreck our global brand and hope the owners, manager , players throw in the towel .
They had a working assumption that the ADUG investment in City was all (and only) about establishing a PR/marketing vehicle for promoting the UAE.
Running this sustained and systematic campaign to destroy City's reputation is meant to counter that ambition, in the hope that Sheikh Mansour would then simply walk away and the threat to the cartel would be neutralised.
This is what we are dealing with.
"New PL rules include a retrospective exemption for shareholder loans for the period from December 2021 until the new rules come into effect".
So ... let me get this straight.
PL create rules that ignore shareholder loans.
Tribunal finds that ignoring loans is not legal.
PL create new rules that still ignore shareholder loans. Just not any new ones.
Are they for fooking real?
This is blatant disregard for the ruling of the independent tribunal. And yet once again it will be City who are portrayed as the evil corporation attacking the blameless little PL cartel.
Makes me fooking sick.
Correct!
This is all just to stop sponsors to us Newcastle or any other new upstart club getting any advantage over the cartel! It was ok for those clubs to take it in for 30+ years though with no rules! Also the American owners with there hedge funds want a big as a return as possible!
Uefa have rules in place where you can't have a ridiculous sponsor anyway so why the cartel are going further down this road is baffling
The APT issue was handed to an independent panel to arbitrate in order to resolve the dispute. Instead, following their initial findings, there were still loose ends that needed closure. As a result, City and the PL are still at loggerheads. I thought the panel were going to provide further clarity. Instead, we get an ongoing shitshow played out in front of the media. I'm not a lawyer, but the tribunal have not really helped to resolve the dispute at all. It looks like a shambles to me.
cheekybids
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The APT issue was handed to an independent panel to arbitrate in order to resolve the dispute. Instead, following their initial findings, there were still loose ends that needed closure. As a result, City and the PL are still at loggerheads. I thought the panel were going to provide further clarity. Instead, we get an ongoing shitshow played out in front of the media. I'm not a lawyer, but the tribunal have not really helped to resolve the dispute at all. It looks like a shambles to me.
The premier have decided that they don’t need to wait.
Agreed the PL are being dickheads, but the tribunal should be trying to resolve the dispute. Maybe they are...who knows, but it is a shitshow for both sides.The premier have decided that they don’t need to wait.
Bluewonder
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Mansour loves the club and intends to hand it down to one of his sons at some point in the future.Strategically this has been the goal from the outset.
They had a working assumption that the ADUG investment in City was all (and only) about establishing a PR/marketing vehicle for promoting the UAE.
Running this sustained and systematic campaign to destroy City's reputation is meant to counter that ambition, in the hope that Sheikh Mansour would then simply walk away and the threat to the cartel would be neutralised.
This is what we are dealing with.
He's going nowhere.
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The parties are supposed to go back to the panel with proposals. The PL agreed to do this originally but have backed out.The APT issue was handed to an independent panel to arbitrate in order to resolve the dispute. Instead, following their initial findings, there were still loose ends that needed closure. As a result, City and the PL are still at loggerheads. I thought the panel were going to provide further clarity. Instead, we get an ongoing shitshow played out in front of the media. I'm not a lawyer, but the tribunal have not really helped to resolve the dispute at all. It looks like a shambles to me.
If Shareholder Loans from 2021 to 2024 are exempt from APT, then I'm reading that as millions of pounds of market-rate interest payments can be ignored.Not sure I get this issue with the new shareholder loan rule not being applied retrospectively.
We are only talking about the APT rules here.
The club's position is that the current rules are null and void, and so they shouldn't have been applied to any 2021-2024 transactions at all.
The PL's position is that the new rules solve the unlawfulness, but that they should only be applied going forward, leaving a period 2021-2024 in which the rules unlawfully excluded shareholder loans. And the club's position is that, following the PL's position, the new rules should be applied backwards to 2021-2024 transactions to correct the unlawfulness. But they can't because it's an ex-ante review and so impossible. Which is why they are null and void in the first place.
Is that it?
There is a much bigger problem for the PL in the treatment of shareholder loans for FFP/PSR back to 2013 , of course, but that isn't relevant here, is it, as the judgment, other than by implication, didn't conclude on that?
In any case I'm amazed that the PL would double-down on that aspect after it was specifically ruled unlawful.
But agree with you that City's legal response might be that any attempt to change the rules is unlawful in principle.
Colin Bells Boots
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If Shareholder Loans from 2021 to 2024 are exempt from APT, then I'm reading that as millions of pounds of market-rate interest payments can be ignored.
In any case I'm amazed that the PL would double-down on that aspect after it was specifically ruled unlawful.
But agree with you that City's legal response might be that any attempt to change the rules is unlawful in principle.
Driven by stupidity, arrogance and pressure from the cabal in order to protect their financial position and control of the running of things.