Yeah but it isn't retrospectively applied. So they'll have to factor in an extra £20m for the loans or so however in reality what you'll see is a massive Walmart sponsorship deal at whatever value the Kroenkes can get away with so I don't think it affects Arsenal in reality as that will just replace the shareholder loans. It's the same money basically.It will make a huge difference if I'm reading it correctly. Arsenal and a fair few other clubs with zero interest shareholder loans will fail whatever form of ffp we're now operating with. That means a possible points deduction and fine, not to mention going into the red. So basically fucked.
Smaller clubs without super wealthy owners who own other massive companies may feel it more though.