I think this TalkSport article drives a juggernaut through the City PSR case:
Manchester City’s legal battle against the Premier League over Associated Party Transactions [APT] is set to be bad news for their rivals. An arbitration panel has declared that some of the P…
talksport.com
I know the ruling is about the recent changes to ATP rules, but if not counting owners loans is unlawful, it must also be unlawful under preview PSR rules?
Surely, you can't have a situation where clubs like Arsenal and Liverpool would have breached PSR quite significantly if their owners loans were revalued at an FMV, and then punish City for breaches during the same period?
Can you have a situation where half the league have been funded by their owners circumventing PSR by a mechanism that is now deemed unlawful?
What will happen if clubs like Brighton, Everton, Liverpool, Arsenal, Chelsea. Leicester, Brentford, Wolves, Palace, Bournemouth refuse to vote through the changes to the rules to make them lawful because it's against their interest to do so?
This is a dogs dinner, but we always knew it was