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

Everyone (including City) wanted them excluded because it’s administratively far easier to put loans in than to issue shares every time. Perhaps a tax saving too in some jurisdictions. Don’t know what you mean re the future or Portsmouth but I’m confident it won’t have an impact on any club going forward which is why they all happily voted it through asap
I think some voted to avoid the loans being included now rather than from 2026(?).
Didn’t Portsmouths troubles start when an owners loan was recalled?
By the future I meant that what happened in the past is no guide to what clubs and owners might do in the future, eg it may not be 100% owners who fund clubs, so my point about equity being potentially much more difficult than a loan stands.
 
I don’t know if it’s been mentioned on here already or not, but here it goes.

Liverpool fan, Lord Bassam of Brighton has proposed an amendment in the football governance bill that would prohibit owners who are heads of states, or members of an government (world wide), immediate family members of any of those, and any sovereign wealth fund.

Liverpool and their chums are not satisfied with doing the work via the Premier League, but are trying to enact actual laws of the land to prevent any competition.

Funnily enough, he hasn’t proposed any laws to force the removal of any clubs owners who have tried to form any breakaway leagues (ESL), or steal control of football in England (project big picture).
He has no chance. That will be up to the independent regulator. My bet is he thinks:
1. Mansour is a member of AbuDhabi gov. (He is not)
2. Mansour owns City. (He does not)
He is effectively trying to regulate in an Act who are shareholders and will fail.
 
He has no chance. That will be up to the independent regulator. My bet is he thinks:
1. Mansour is a member of AbuDhabi gov. (He is not)
2. Mansour owns City. (He does not)
He is effectively trying to regulate in an Act who are shareholders and will fail.
I was under the impression that Sheikh Mansour is our majority owner.

If he isn't who does own us?
 
He has no chance. That will be up to the independent regulator. My bet is he thinks:
1. Mansour is a member of AbuDhabi gov. (He is not)
2. Mansour owns City. (He does not)
He is effectively trying to regulate in an Act who are shareholders and will fail.
I’m not sure how the controlling companies of Man City is made up, but I believe that one of your directors hold a position within the AbuDhabi government (not Mansour).

Anyway, from my point of view as a Newcastle United fan, this is clearly an aim at our club, and a secondary aim at yours.
There is a long way to before we can say that this clause is passed, but even if it was, I think ultimately our owners would just spin ownership off from PIF, into a private equity firm, similar to the one that owns the majority of the City Football Group.

Additionally, it is important to remember that this is in regards to the bill that will be used for the new football regulator to act upon.
 
I was under the impression that Sheikh Mansour is our majority owner.

If he isn't who does own us?
City is 100% subsidiary of CFG. CFG is owned 80% by Mansour and 20% by Silver Lake. Mansour’s company (Newton) is the ultimate parent of CFG.
 
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1) new claim/tribunal but wouldn't be a shock if constituted with at least some of the same people
2) not court - arbitration tribunal. No.
3) tribunal hasn't, as far as we know, been asked to order certain remedial measures. My reading is that it has been asked to determine points of law that the parties will then act up on.
Surely the original tribunal in its "partial final award" has reserved to itself the possibility of granting remedy to City (and costs).

#604: Injunctive relief and damages are also sought. We reserve our jurisdiction to grant such relief. We do not [do] so in this Award because we heard no submissions as to such relief and in any event we consider that the Parties should have the opportunity to consider what, if any, further relief is appropriate in the light of our conclusions.

#605. We also reserve all questions of costs.

If I read that right, they expected City and the PL to be discussing how to compensate City for restricting our sponsorship. Instead, rather than negotiate with City, the PL have ignored City's representations that the "amended" rules were still unlawful, and forced them through.

It's now open to City to ask the original tribunal for damages and injunctive relief. I think City could have sought an injunction to stop the new rules (if they were still unlawful) but maybe preferred to let things play out, knowing the final final award of the tribunal is on the way.

If I am right, and the PL has just voted in new unlawful rules, the PL has just added contumacy to its sins.
 
I’m not sure how the controlling companies of Man City is made up, but I believe that one of your directors hold a position within the AbuDhabi government (not Mansour).

Anyway, from my point of view as a Newcastle United fan, this is clearly an aim at our club, and a secondary aim at yours.
There is a long way to before we can say that this clause is passed, but even if it was, I think ultimately our owners would just spin ownership off from PIF, into a private equity firm, similar to the one that owns the majority of the City Football Group.

Additionally, it is important to remember that this is in regards to the bill that will be used for the new football regulator to act upon.
Khaldoon, City chairman, is a member of the AbuDhabi gov. One of the problems with UAE from a British pov is that a very few people, heavily intertwined, own or control the biggest companies.
 
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