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

[bobbyowenquiff]

I don’t know if it’s been mentioned on here already or not, but here it goes.

Liverpool fan, Lord Bassam of Brighton has proposed an amendment in the football governance bill that would prohibit owners who are heads of states, or members of an government (world wide), immediate family members of any of those, and any sovereign wealth fund.

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bills.parliament.uk

Liverpool and their chums are not satisfied with doing the work via the Premier League, but are trying to enact actual laws of the land to prevent any competition.

Funnily enough, he hasn’t proposed any laws to force the removal of any clubs owners who have tried to form any breakaway leagues (ESL), or steal control of football in England (project big picture).

Does he want to ban all inward investment into the UK by any Sovereign Wealth Fund or will it only affect the football industry? What about snooker, boxing, racing and even darts? Why stop there. Why not just ban "Johnny Foreigner" from investing any money in any busness in the country? He sounds like a doddering old racist who has no grasp of economic reality. No doubt he fits in very well in the House of Lords.

 

[KS55]

I thought you would say that :)

The reality is that we are owned by Sheikh Mansour. Nothing at all wrong with that of course.

You miss the point. If you regulate the owners you regulate who is specified at Companies House, not someone who is in a different position. The law must be clear.

 

[Vic]

Always love a bit of estoppel on a Sunday afternoon…

Smells like victory.

 

[Bluewonder]

City is 100% subsidiary of CFG. CFG is owned 80% by Mansour and 20% by Silver Lake. Mansour’s company (Newton) is the ultimate parent of CFG.

I think you're missing the point. Mansour is the ultimate beneficiary of City and patently the target of this latest attack.

 

[gordondaviesmoustache]

Smells like victory.

And all achieved with a mere shield, not a sword…

 

[bobbyowenquiff]

I’m not sure how the controlling companies of Man City is made up, but I believe that one of your directors hold a position within the AbuDhabi government (not Mansour).

Anyway, from my point of view as a Newcastle United fan, this is clearly an aim at our club, and a secondary aim at yours.
There is a long way to before we can say that this clause is passed, but even if it was, I think ultimately our owners would just spin ownership off from PIF, into a private equity firm, similar to the one that owns the majority of the City Football Group.

Additionally, it is important to remember that this is in regards to the bill that will be used for the new football regulator to act upon.

I suspect this old crook will have difficult being taken seriously after being forced to quit his role as a Whip for fiddling his expenses. Imagine a fraudster like him lecturing people on financial matters.

Labour's Lord Bassam to quit as chief whip over expenses

Lord Bassam is to stand down in New Year amid scrutiny of his travel claims.

www.bbc.co.uk

 

[KS55]

I think you're missing the point. Mansour is the ultimate beneficiary of City and patently the target of this latest attack.

So how would you propose to regulate him? The amendment seeks to limit owners OF FOOTBALL CLUBS which Mansour is, legally, not.
That’s why I mentioned the likely ignorance of his lordship probably thinking regulating the ownership was regulating Mansour.

 

[Bluewonder]

So how would you propose to regulate him? The amendment seeks to limit ownership.
That’s why I mentioned the likely ignorance of his lordship probably thinking regulating the ownership was regulating Mansour.

I'm not proposing anything, I'm just saying that if you're targeting ownership then Mansour is our controlling shareholder.

 

[slbsn]

But I bet you never had Lord Pannick in your corner Stefan.

Had really, really top KCs of the level of Philip Marshall though (our fraud guy)

 

[Vic]

Does he want to ban all inward investment into the UK by any Sovereign Wealth Fund or will it only affect the football industry? What about snooker, boxing, racing and even darts? Why stop there. Why not just ban "Johnny Foreigner" from investing any money in any business in the country? He sounds like a doddering old racist who has no grasp of economic reality. No doubt he fits in very well in the House of Lords.

What about Sheikh Mansour / Abu Dhabi saving Barclays Bank after the crash?