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

[Blue Mist]

That's weird. So the club was bluffing with their letters to the PL and the clubs? I may be wrong, but I am not so sure Mansour and Khaldoon try to bluff their way out of situations ...

@halfcenturyup I don't read it as a bluff. The tribunals findings are going to be made public very soon.
City, imo, are going to wait until then and see what the PL do.
Why go back to court ? Again imo, the court will simply say, wait until the verdict is published.

 

[Colin Bells Boots]

We still waiting for the reports of the last one and why city and villa said at least Wait till it been done!

Not sure exactly why it is taking so long for the IC to issue their ruling in view of the obvious issues emanating from this delay.

They have found certain rules to be illegal apparently, so why the delay, which in turn just seems to empower the PL to push ahead with these illegal provisions still in play for certain members of the PL.

 

[cheekybids]

That's weird. So the club was bluffing with their letters to the PL and the clubs? I may be wrong, but I am not so sure Mansour and Khaldoon try to bluff their way out of situations ...

I took that as we won’t have to challenge if the rules are deemed unlawful…..

 

[jrb]

We know they voted as it was 16-4

Whether they voted against or abstained. I’d like to know which club if any abstained. Just out of interest.

 

[Really_here]

Wouldn't surprise me at all if City have another go through the courts if they still think they are illegal. You can't just break the law even if you can get the majority of clubs to agree with what you're doing?

 

[Gorton_Tubster]

I think the club owners should provide our own £10b interest loan to City.

 

[StillBluessinceHydeRoad]

What exactly (and we need to know exactly) did the clubs vote for and pass this morning? What I have seen from the PL this morning is heavy on self-justification but provides no detail at all. What we do know is that 4 clubs voted against and consider, presumably, that the new "amended" rules are unlawful. It appears that clubs have voted not on the basis of what is lawful but what protects their own interests and what might check City's growing revenues. The great stumbling block is, of course, the treatment of loans from owners at low or no interest, which are repayable on demand. We know that the PL's own lawyers advised that such loans had to be included in the PL's financial regulations dealing with APTs (and even RPTs) and that they were only excluded because of representations made by a PL club and the IT found this exclusion to be unlawful. Vic has shown that there is at least a very compelling case for these regulations to be unlawful from inception and so it is hard to see how the PL, under the inspirational leadership of Tricky Dicky Masters can have squared this particular circle. We shall see.

So why have they done it. Fear? It seems most likely. Many are afraid of City and increasingly of Newcastle. The idea of paying FMV interest rates on loans of hundreds of millions may well lead to sleepless nights, and more so is the idea of having to repay the loans. What good would converting them to equity do?

And then there's the mechanism for calculating FMV. The IT were clearly very unimpressed with it and found that it needed reform to make it more transparent, open to appeal and, in brief, fair. No relief for frightened clubs there. The PL says it has changed the process, but how? Not enough to satisfy City + 3.

 

[halfcenturyup]

@halfcenturyup I don't read it as a bluff. The tribunals findings are going to be made public very soon.
City, imo, are going to wait until then and see what the PL do.
Why go back to court ? Again imo, the court will simply say, wait until the verdict is published.

At least to stop the new rules becoming effective immediately?

 

[robbieh]

I think the club owners should provide our own £10b interest loan to City.

That would seem to be the way round this.

 

[lonestay]

I would guess City and it's team of expensively assembled lawyers knew what the outcome of the vote would be anyway. This is just another step in City's masterplan .