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

[Pam]

By written statement.

Surely not!

 

[TedofChume]

What a brilliant fuckin post that is.
Well done sir.

Thank you

 

[slbsn]

Is that right Stefan? I assumed we could do a deal at any value but the PL rules could make us put through an accounting adjustment purely for FFP purposes!

If this is not the case it makes it even more ridiculous that shareholder loans below market value interest were not addressed in ATP rules originally.

Pre Amendment rules... I think there will be special rules for loans that replicate UEFA rules. But APT wise, the consequences of a rejection is here... (2022/23 version just because it is one page to view)

 

[Pam]

Love this bit from Samuel's Times column:

"And this is pretty much the principle on which most of football’s financial regulation is based. None shall pass … Manchester United, Liverpool, Arsenal, Bayern Munich, Juventus, all of the clubs that had it their way for so long. Heaven forbid anyone passes them. The established elite were the ones that selflessly helped Uefa draft its rules, neatly pivoting so that the initial target — debt — became less of a crime than owner investment. One day, maybe, the former Manchester United chief executive David Gill will explain what was in it for all of the clubs, but we can certainly work out what was in it for his."

Martin knows what most of us Blues have been saying for years.

Pity for them they were wrong about none shall pass.

 

[StillBluessinceHydeRoad]

God Bless Martin Samuel for being the ONLY journalist who has seen through this whole charade the entire time, and understood that City were not only NOT “buying the League,” but also were running a very successfully sustainable club!

From the outset, Mansour & Khaldoon talked about the 10 year project to create a club (First Team, Academy, Stadia and commercial sponsorships) that was in a position to create the success, both on and off the field, to make it a sustainable (and hopefully, profitable) long-term business…because that is what they do!

CFG is a global business that is sustainable, well-run, and uses Man City as a figurehead “halo” club to both promote and project their success.

That has turned a £200M Man City into a £2-3-4Bn CFG, making it both successful and sustainable.

As a planned symbol of this success and sustainability, the Club has engaged in a community development plan unique in the annals of British football, by regenerating a poverty-stricken, rundown area into a considerably more vibrant community full of homes, schools and destinations that will help it develop further.

Martin Samuel, while being merely a football journalist with some historical perspective, has recognized all of this, while understanding the internal political forces arrayed against it, and been strong enough of character and journalistic integrity to call it out for what it is, was, and should be.

Take a bow, sir. You’ve been on the right side of this from the outset!

Good post. You might almost say that the PL sees money as the problem: Sheikh Mansour and Khaldoon see it as part of the solution.

 

[Pam]

Spurs sided with the cabal, as expected

Morons.

 

[JASR]

Not that I have any hard feelings towards that Liverpool Fing Cheating:

The seedy side of Liverpool’s Financial Manipulations – low interest loans - Man City Stuff

The full effect of interest free loans and how it distorts competition in England and Europe In my post Liverpool Financial Doping on 08 June 2023, I first referenced Liverpool's financial doping practices on this page, and today's ruling has made it clear that the exclusion of owners' loans and...

mancitystuff.co.uk

Excellent , a year+ ahead of its time.
I thought Arsenal would be bad with owner loan and but that seems to show they are even worse than Everton?!?

 

[Pam]

Unless Ratboy and Carragher are covering women’s football this weekend, they won’t be on tv to give their opinions on the decision. Unless Neville is doing the Engerland game on ITV.

Will there be weeping?

 

[Alan Harper's Tash]

Will there be weeping?

Almost certain if England are playing!

 

[GSW Blue]

Pre Amendment rules... I think there will be special rules for loans that replicate UEFA rules. But APT wise, the consequences of a rejection is here... (2022/23 version just because it is one page to view)

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Thanks. This is madness. Why stop at dictating sponsorship and apply the same principle to player transfers or ticket prices??

The whole thing needs ripping up and starting again!