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City launch legal action against the Premier League | City win APT case (pg901)
- Thread starter denislawsbackheel
- Start date
John Wayne
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The big revelation in all of this is that Everton, Brighton and Arsenal are massively leveraged by interest-free loans. This had not been in the conversation prior to now. Clearly the principle of fair market value will remain in place, so the imposition of a commercial loan rate charged to the P&L account of these teams is inevitable. This is seismic, make no mistake about it. But the fact it was allowed to happen in the first place speaks hugely to City's suggestion of a tyrannical majority.
Matt Lawton: "Crucially, the panel deemed the rules to be unlawful, and in breach of competition law “by object”, a serious and damning infringement akin to price-fixing by cartel members."
Oof!
Matt Lawton: "Crucially, the panel deemed the rules to be unlawful, and in breach of competition law “by object”, a serious and damning infringement akin to price-fixing by cartel members."
Oof!
@slbsn has pulled this bit from the verdict.
It really is disgraceful isn't it. Other clubs directly contacting the PL to immediately amend the rules to restrict competition.
The thing is the premier didn't tell them to piss off! It's why we need an independent regulator
Colin Bells Boots
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Reading the BBC summary of it you'd think we lost.
You have to question the integrity of a lot of the stuff on BBC.
However BBC Sports is the part with zero integrity and a shill of the redshirt clubs.
You're fucked, unless the current (illegal) rules are changed wholesale and not just minor alterations that the PL are trying to claim. Be interesting to see if the redshirt clubs will start falling out over this!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.
HelloCity
Well-Known Member
Its why I love VAR, so much harder for them to fuck us over and keep credibility for the league.
Probably why they delayed auto offsides for so long as well. Another fail safe will fall.
Tbilisi
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I fucking love Samuels
Why do fucking Bournemouth have a big say and interest in this? Sooner they fuck off back to the third tier the better!
Don't they have American owners
Colin Bells Boots
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If anyone needs relegating it’s those cunts who run the PL.
Surely the fucking lot of them need to be sacked.
Totally discreditted .
Pingu the Penguin
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Makes sense why bloom was shooting his mouth off now. CheatThe big revelation in all of this is that Everton, Brighton and Arsenal are massively leveraged by interest-free loans. This had not been in the conversation prior to now. Clearly the principle of fair market value will remain in place, so the imposition of a commercial loan rate charged to the P&L account of these teams is inevitable. This is seismic, make no mistake about it. But the fact it was allowed to happen in the first place speaks hugely to City's suggestion of a tyrannical majority.
Matt Lawton: "Crucially, the panel deemed the rules to be unlawful, and in breach of competition law “by object”, a serious and damning infringement akin to price-fixing by cartel members."
Oof!