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

[Ric]

Nope. The APT rules were 2021, the amendments were in 2023(?). It's those we took issue with

The amendments were February this year fwiw, but yeah the original rules (which we've effectively now reverted to, pending the tribunal's findings) were 2021.

 

[citizen_maine]

The amendments were February this year fwiw.

Cheers Ric - hence my question mark :-)

 

[hello]

@seafordblue The original APT rules were 2013, City voted for and agreed (and still agree) with these. In 2021 some amendments were made, it is these amendments that formed the basis of the case against the PL.

A shareholder loan at favourable interest rate is as big as related party transaction as it gets, so how the fuck can they still be excluded from the calculation under APT until Jan 25? Wouldn't be surprised if its been used in the 115 hearing as an example of blatant bullshit from the premier league that they've not be included in the original RPT or any of the subsequent APT amendments when the intrinsic link in the relationship is so much closer than any of the stuff they are interested in stopping. Not only is the shareholder loan the very definition of an related party transaction its also the thing that destroys football clubs when called in and just exemplifies the bullshit of FFP's origins to prevent another Portsmouth as a fucking joke.

 

[seafordblue]

Then you shouldn't be relying on ChatGPT as it' clearly wrong

Maybe so, but I've just put this into CoPilot.

Did the original Premier League rules for PSR (FFP) include checks for Associated Party Transactions?

Yes, the original Premier League Profitability and Sustainability (PSR) rules, which were part of the Financial Fair Play (FFP) regulations introduced in 2013, included checks for Associated Party Transactions (APTs). These checks were designed to ensure that any transactions between clubs and related parties were conducted at fair market value. This was done to promote financial transparency and maintain fair competition within the league.

Maybe it's a terminology issue, but two AI sources both say they were introduced in some form in 2013

 

[jrb]

Should we not update the thread title? ;-)

And lose…..

 

[citizen_maine]

Maybe so, but I've just put this into CoPilot.

Did the original Premier League rules for PSR (FFP) include checks for Associated Party Transactions?

Yes, the original Premier League Profitability and Sustainability (PSR) rules, which were part of the Financial Fair Play (FFP) regulations introduced in 2013, included checks for Associated Party Transactions (APTs). These checks were designed to ensure that any transactions between clubs and related parties were conducted at fair market value. This was done to promote financial transparency and maintain fair competition within the league.

Maybe it's a terminology issue, but two AI sources both say they were introduced in some form in 2013

Related Party Transactions (RPT) rules were part of FFP rules in 2013.
Associated Party Transactions (APT) were brought in in 2021
The difference is in the definition of APT v RPT
City and Etihad are not deemed to be an RPT, but are deemed to be an APT
This means any sponsorship from them now needs to go through a fair market value (FMV) test

Edit: I wouldn't currently put my faith in any AI engine

 

[abu13]

5 defeats on the trot now.

 

[jaiguruKun]

It's worth pointing out that if we'd lost the APT tribunal hearing, as some claimed we had, today's vote would not have happened at all.

 

[Blueknows]

Does anyone know when our new etihad and Abu Bank sponsors were blocked?

 

[M23 Citizen]

So does anyone know what the new APT rules are ? or as I suspect the 14 clubs that voted in favour have only done so in their best interests and dont give a shit what the new rules are as long as it stops big bad city

It’s not really stopping City. It’s stopping Newcastle, Villa and Forest and the likes more. We’re already in the castle so the drawbridge being pulled up doesn’t make a massive difference to us. We might have lost a bit of money through lost sponsor deals but our income is already gigantic so we are all good around PSR.