Boom!!
If we get the numbers they can't get any rules through, without huge concessions.
Things are about to get very messy for the cartel.
To be fair that works in reverse.
The first action is for the PL clubs to either agree to deal with a rule that an arbitration panel has ruled on. The PL clearly can’t apply FPT as written but at this point in time the rules remain in the PL rule book
Let’s say the proposal is to factor in soft loans retrospectively would there be 14 clubs( or 75% of those that vote) agree to that or come to that would any clubs want that risk? Even if these rules were applied retrospectively would it result in retrospective PSR charges?
Would the PL under their allowable rules grant concessions or maybe even agree to settlements without ( save to sign off the terms of agreed settlements) the need for an IC to assess?
Would it be protocol/ legal even for a club like say Ipswich to vote on an issue of this nature impacting a period when they weren’t members ?
Would the EFL be content or even able to be dragged in for teams that are now under their jurisdiction? Clubs under that jurisdiction may not be able to be sanctioned by the PL but for any appropriate years their PSR submissions would have to be reassessed impacting on their EFL numbers ?
Of course there will changes to the regulations but that was going to happen in season 24/25 as a matter of course.The various committees and hierarchy at the PL we’re already working on a set of parameters going forward.It seems probable that those new rules will deal with APT that will be given the green light
My honest belief is that clubs will be doing all sorts of transactions to either accelerate or now proceed with APT be it asset sale, sponsorship or the like maybe not Wild West but there is what 7 months left of this accounting year and way above my pay grade I wonder if clubs would be able to reopen their accounts and show any loans converted into equity retrospectively? You can certainly amend filed accounts but to what extent in this area I don’t know.
in City’s case I would imagine that there will be an award ( probably not as much as was suggested) but sorry the real game in play here isn’t this matter it’s the IC is dealing with