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

[I'm Blue]

From an Arsenal perspective this isn't great for us. The main ruling I see from this that impacts us is the fact that club owners can't give the club loans without having fair market value interest charged.

At present the Kroenkes loan the club £250m and as football is a risky business I'd say fair market value interest rates are around 8% so that's an extra £20m that needs to be factored into FFP moving forward.

Funny no rival fans kick up a stink about shareholder loans.
The cynic in me would suggest that the loans are just another way of financial doping.

 

[bridgeno1]

I thought spurs did too?

If Spurs did that explains why the PL lost then. Spurs can't win anything.

 

[N1985]

I thought spurs did too?

They were going to, got to the front doors, forgot why they were there, then went home.

Spursy.

 

[homerdog]

Did the tribunal make any ruling on costs ?

No

 

[HelloCity]

New APT rules and FFP implications moving forward. Basically the PL can't arbitrarily cap a sponsorship deal from counting as revenue. Plus some more stuff but that's the gist.

Piss off.

 

[bridgeno1]

Funny no rival fans kick up a stink about shareholder loans.
The cynic in me would suggest that the loans are just another way of financial doping.

I don't disagree.

 

[BringBackSwales]

I can see we win some major claims here. I can also see the PL wittering they won most of the battles - did we actually lose anything materially significant to us?

 

[BigJoe#1]

One or two surprising names in there. Or perhaps not, given how they may benefit from the verdict.

We have Wolves next.... lets hope this news really fires the boys in blue up BIG TIME!

 

[Big Joe Corrigan]

Well he’d know all about victims…

 

[Stoned Rose]

I know its so wrong but I'm going to wank whilst I listen to Simon Jordan in the morning