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

[dominicgrimes]

To be honest this probavly suots tge scruffy yonner, Ineos has several offshoot companies he could realistically use to pump money into the club.

Not that the cheap **** will.

There owners only take money out not put it in

 

[gh_mcfc]

Just going back before 2021 rules where sponsor are still have to be fair value you can't have Etihad sponsoring us for 200m a year!

The bigger one is the loans from owner being 0% it got to be fair value where normal would be around 5%

For non related parties (which Etihad are) the onus will be put on the PL to prove its not Fair Market going forwards not on the club to prove it is. So how can the PL judge what value a private company place on a deal.

Owner/Director loans will become related party transactions - which PL will have to look at value plus interest rates. Remember under FFP owners were allowed to put so much a year into the club (30 ml IIRC - although that might be per 3 year accounting period). So I assume they will have to look at values above what all clubs can do without penalties and also apply a notional interest rate of 8 to 10 percent.

 

[ufo]

Just had a quick gander at the usual suspects Twitter and no shock that Crafton the ****, Ogden the odd’un and Delaney the dick are all reporting that both sides have won small victories and things are just as they were.

I fucking despise the lot of the snidey shithouse cunts. Even when shown that this is a huge win for City they are determined to paint a different picture.
I’d never tire of punching all 3 until my fists were worn down to blood soaked stumps.

ffs how can you size “victory “?
also this shows not only bias but some one higher up briefed all the talking **** heads to read from the same memo “ small victory, partial victory, fucjing mild victory etc etc
you see the pattern here ?

 

[Tbilisi]

Don’t be so sure, the old cartel has just been smashed to bits you cheating cunts & clubs you have trodden down will want some retribution
So let that keep you awake at night

I would think Newcastle may want some compensation in all of this?

Its a good job for the PL that their owners are not loaded. ;)

 

[Don Karleone]

West Ham, Brentford, Fulham and wolves aren’t yank owned (afaik)

Fulham are

 

[Ballosteve]

Has anyone checked in on Mark Goldbridge since this news broke? Wouldn’t surprise me if he’s found swinging from a tree in the Sherwood Forest

All bring well

 

[Kippaxpete]

What does this mean?

As I understand it, an albeit simplistic summary of the outcome is that, while the PL retains a right to impose third-party funding rules on its members (a victory in their book), the existing rules are completely unlawful, a word that crops up repeatedly in the ruling. Consequently, they'll need to tear them up and start again. Not only that but their inherent unfairness exposes the PL to claims of compensation. According to the BBC's Simon Stone on the radio just now, it's just all very complicated (a word the twat used at least five times) but both sides can claim victory. Fuck me, I despair!

 

[CorporateBlue]

Cant wait to see the doubling of the Etihad deal and global First Bank of Abu Dhabi deals announced in the next few weeks.
About time we were allowed to sell those deals as the best team in the world with best growth story to boot.
First club to hit a billion dollars in revenue here we come

 

[Inter Me Nan]

@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.

I'm not suprised but that is shocking!!!!

 

[LangleyBlue1970]

I think he said 'IF'.

I’m sure he will clear it up. I just recall shouty Jim asking him what he thinks could happen, and he said he could seeing us lose this case. It was a good few months ago now though.

Either way, we’ve won it.