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

[Pingu the Penguin]

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!

Makes sense why bloom was shooting his mouth off now. Cheat

 

[skillman]

No wonder Arsenal fucking hate us. Beating them on the pitch and also off it.

And the best they can do is act like children and leave award shows early and not shake hands after games. Fucking beautiful!

 

[ancoats]

Its why I love VAR, so much harder for them to fuck us over and keep credibility for the league.

The £2 million in fines for being late for kick-off hahahahah That is a drop in the ocean to the compensation we will be asking for

 

[bluechippie]

I wonder who this female presenter on sky now supports? She seems very pro the premier league and anti City.

Cock nosed sticky vicky,supports the murderers!

 

[manimanc]

And in the blink of an eye all of sudden this is being reported as it not being a good look for the Premier league.
Oh really?
It's funny that as I didn't hear that being said once when the Premier League decided to throw the 115 bollocks at their reigning champions and most successful team in the last decade plus.

We need to sue the Premier league, Masters and his cronies and claim compensation for loss of earnings from missed sponsorship deals.

 

[bluemanchester]

A natural piss achieved over a chemical one.

Change the usual sawdust to liquid

 

[Stockton Heath Blue]

Interesting to see the clubs who sided with the PL....Arse, Utd, Ted Bundypool, WHU (!), Brentford, Wolves, Bournemouth and Fulham....presumably all the clubs who were benefiting from interest-free shareholder loans to the clubs?

100% - just read a table of all the PL clubs, and this bunch of wankers were the main beneficiaries of interest-free shareholder loans.

 

[Coatigan]

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.

Smaller clubs without super wealthy owners who own other massive companies may feel it more though.

It won't be applied at all, retrospectively or otherwise. Unless the majority of PL votes for it, of course. The panel can't make the PL amend it's rules, they bow need to go rework them, to the recommendation, then get them voted through. Can't see that happening. This could go on for a while.

 

[Tuearts right boot]

We should go after them for costs. And, if successful, donate the proceeds to the Manchester Food Bank, and Christie's hospital.

Donate a small, unsubstantial sum to our noisy neighbours ground improvements just for shits and giggles. For ever or at least for more than 34 yrs.

 

[ShedDweller]

yes, I imagine they are disappointed...