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

[hammocity]

Plus, there's no way a football club could borrow at 5%, because they just don't offer a sufficiently secure investment.

Take the CFG as an example. This is arguably the most secure investment in the game. It is headed up by one of the world's leading clubs, has diverse global investments, is profitable at MCFC level and is ultimately owned by a multi-billionaire. Plus, the CFG money is used to invest in infrastructure, rather than make punts on footballing potential.

However, its borrowings bear an interest rate of LIBOR plus 3-3.5%. That's 8-8.5% overall.

I doubt an upper mid-table football club could borrow at less than 10%.

I assume you're talking about the rags where you quote "mid-table football club"?

 

[blue b4 the moon]

Part of the deal with Scruffy was 3 years without a divi for the Glazres.

Ah hence the handling charge they put on doing the deal.

 

[bobbyowenquiff]

I watched some of the Commons Select Committee questioning Masters, the MP's seemed to be pretty clueless, there's a lot more football savvy people on this forum that would have interrogated Masters and blown his cover.

I'm just not confident at all that an Independent Regulator will be anything other than influenced by the media and other members of the House of Parliament

Independent regulation has failed in plenty of other sectors but something has to be done to change the current situation. The PL cant regulate the game because it is not impartial and has been corrupted by a small group of clubs. We have no choice at present. I fully understand your concerns about political interference though.

 

[Blue Mist]

Further to my earlier post about why didn't the PL seek legal advice when City said the amendments were illegal;
Why were we left to stand alone ?
I'm looking at you Newcastle in particular but other clubs also voted against the amendments.
Why wasn't there a joint action by those clubs ?
Why were we left to be the bad guys ?

 

[wolviedinho]

It's remarkable how football tribalism breaks people's brains. All common sense goes out the window.

 

[East Level 2]

Further to my earlier post about why didn't the PL seek legal advice when City said the amendments were illegal;
Why were we left to stand alone ?
I'm looking at you Newcastle in particular but other clubs also voted against the amendments.
Why wasn't there a joint action by those clubs ?
Why were we left to be the bad guys ?

Because so many clubs know they'd generate bugger all TV revenue if they weren't hanging on to the coat-tails of the rags, dippers and other clubs with huge TV followings. Though I admit that doesn't explain Newcastle's silence.

 

[Roachy]

I watched some of the Commons Select Committee questioning Masters, the MP's seemed to be pretty clueless, there's a lot more football savvy people on this forum that would have interrogated Masters and blown his cover.

I'm just not confident at all that an Independent Regulator will be anything other than influenced by the media and other members of the House of Parliament

It's natural to be sceptical with the way things are at the moment. In relation to an IR, it would come down to their remit coupled with what powers they would have. It would be refreshing though to have a body that acts for the benefit of the game as a whole and not the select few. The PL has tied itself in knots at the behest of the red cartel in attempting to thwart City, and only has itself to blame.

 

[Prestwich_Blue]

Further to my earlier post about why didn't the PL seek legal advice when City said the amendments were illegal;
Why were we left to stand alone ?
I'm looking at you Newcastle in particular but other clubs also voted against the amendments.
Why wasn't there a joint action by those clubs ?
Why were we left to be the bad guys ?

They knew that excluding shareholder loans was unlawful but chose to ignore it after a club owner who has lent his club a substantial amount of money, interest free, asked them to exclude it. So they did.

Never mind Masters resigning, the NEDs who constitute the rest of the board should also resign over that as they're supposed to provide oversight.

 

[Oldham Exile]

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.

Tyranny of the minority?

 

[dadnlad]

Further to my earlier post about why didn't the PL seek legal advice when City said the amendments were illegal;
Why were we left to stand alone ?
I'm looking at you Newcastle in particular but other clubs also voted against the amendments.
Why wasn't there a joint action by those clubs ?
Why were we left to be the bad guys ?

because i guess they want rid of us too