I don’t quite understand your point on shareholder loans. Are you saying that if the 2024 changes are put in the bin, the loans issue disappears?My view hasn't changed at all. It is best illustrated by my view on costs - as I explained yesterday, I don't believe the PL will pay more than 10-20% of City's costs and it is most likely that the parties agree to pay their own costs.
You've missed the point on Panja. Panja promoted Leaf's original view as well considered when it was an immediate reaction. When I pointed that out, Panja tried to make out I was discrediting Leaf's position which I was not. I was merely pointing out it was limited because he couldn't have read it. Now Leaf has seemingly considered things and appears to say things are consequential, Panja should promote that view as equally as the provisional view.
I don't agree with either of Leaf's view myself. I believe the shareholder loan stuff is largely irrelevant, that APT is not null and void, that even if it is the teams will pass a replacement in line with the original APT (now found to be lawful) and that the key finding is that you can put the all the 2024 changes in the bin as unlawful (as City warned the PL and clubs in October 2021).