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

Presumably shareholder loans will now have to be included within the APT rules, with a commercial rate of interest being applied from a PSR perspective.

Could well be the biggest victory for us if so.
That is my reading based on elements of the summary decision.

And it is what many of us posited throughout the process as one of many unlawful—and unfairly targeted at City specifically, whilst favouring those clubs driving the rules—provisions of the APT rules.

I have kept my counsel on this, as I think @FogBlueInSanFran and a few others, based on professional obligations/restrictions and/or previous involvement with the club (can’t be seen commenting, even in a personal capacity, without negative repercussions).

But I will say that no one should believe the PL or PL-captured media’s (looking at the BBC) spin about this verdict being “minor” and it “not having a material impact on APT”. This is a major victory for City and a major rebuke of the PL’s bad faith actions over the last decade and a half.

And there are many within the various clubs’ management teams (even a few within the clubs that gave evidence in favour of the PL’s stance) that have come to that realisation as the PL have become increasingly more desperate and transparent with their attempts to stifle City’s rise, indirectly causing all manner of issues for other clubs (and unfairly benefitting the historically dominant clubs at their expense).

The PL have made quite a few enemies in recent years, especially, because of the way in which FFP, PSR, and APT have been designed, modified, and enforced.
 

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