Stoned Rose
Well-Known Member
Matron.We’re in the box a lot more now tbf.
Matron.We’re in the box a lot more now tbf.
Again no, it doesn't mean that. City accepting the November 2024 rules as valid and binding means nothing to any other club who could take the issue up with the PL in arbitration. Then we would find out who was "right".
It's a strange statement anyway. If Newcastle take up this case and are successful, the rules won't be valid and binding on City whatever the PL says. It should say something like "City withdraw their challenge of the November 2024 rules and will not challenge their legality in the future".
Basically, it's meaningless guff for purposes of perception. Something in which the club doesn't get involved.
no need.
If you were saying then what you are saying now you were wrong then.
The statement says we accept the re-written rules. Not that the PL were “right”. It’s possible to accept something whilst acknowledging it’s not “right”.To be clear, at no point do I argue we have come out of this poorly. At no point.
My argument is, that based on that statement, nobody can possibly know.
It is framed in such a way, that validates the PL stance. And says literally no more than that. Who gained what, whether we folded or the PL sold their soul to us, that's all conjecture, but nothing at all to back that we have 'won'.
The statement is a public admission the PL were right, there is no ifs or buts about that however.
But they had the original rules thrown out & probably the new ones don’t affect us any more. Also, shareholder loans now have to attract interest.
We don’t need to fight anymore re APT
Are they genuinely expecting us to believe the cartel didn’t know / weren’t tipped off this was coming?'However, according to sources at several rival clubs, they have not been told any details about the settlement, nor what it means'. Aah diddums
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Premier League: Clubs want clarity over Manchester City APT rules 'settlement'
Premier League clubs want more clarity about the settlement of a legal dispute with Manchester City over the rules that govern commercial deals, BBC Sport has been told.www.bbc.co.uk
No goody two shoes for sure.Why are they concerned, aren’t they adamant that we’re being kicked out of the league?
Nice summary. We wouldn’t have “gone quietly” if it wasn’t to our advantage. The club haven’t taken it this far to just “give up”.People are confusing the club "accepting" the validity of the November 2024 rules with them being found to be lawful. There has still been no determination of the legality of those rules. They are still open to challenge.
Imho, if we look at APT 1 and 2 together from the point of view of the club: the February 2024 rules, which added more onerous requirements, were thrown out and will not be repeated in any future rules; in a hugely embarrassing judgment for the PL, the rules from 2021 to October 2024 were declared null and void because of the exclusion of shareholder loans, which consequently had to be included in the new rules causing a number of clubs to change their financing structure; and the club has apparently achieved approval of the Etihad deal or, at least, negotiated amended terms which are acceptable to it.
If we look from the point of view of the PL, they have confirmation that APT rules, are, in principle, lawful, something City never challenged until the February 2024 changes; and they have November 2024 rules the legality of which hasn't been determined yet.
I know who I think has come out of it all in better shape, and it's not the PL by a long distance.
The statement says we accept the re-written rules. Not that the PL were “right”. It’s possible to accept something whilst acknowledging it’s not “right”.
It’s a lot easier to accept something you don’t believe is “right” if you get some kind of incentive to do so. A settlement so to speak.
Stefan mentioned on Talkshite earlier the Etihad deal is likely to be worth 1.75 billion over 10 years, should it go through, which most commentators seem to think it now will.
That kind of thing can make a man think “fair fucks, I can live with a bit of nonsense if I’m getting what I want / think I deserve”. That is the “settlement” part of this, from city’s perspective.
That really can't be claimed to any conclusive level whatsoever. Anyone's guess, but the statement is pretty clear though. The rules are valid and binding, as claimed by the PL.
What City say has no legal value other than as between City and the league.
Newcastle haven’t accepted the rules are valid. Neither have Villa. If either of them take the same points the PL are in just as much trouble as they were.
Some win.
You really do need to read the February decision, it will cure you
Yes, we ie City took legal action to make rules legal that were important to City.Don’t think that’ll happen. The Etihad deal is in place. The escalator element has probably been amended upwards - so it’s hugely lucrative for City but don’t see why we’d announce it - just take the money…. and let the Red cartel fume in the background.
Best interpretation of this nonsense I’ve read yet.Posted by Nerd on SSC-MCR, the City thread.
An interesting commentary on the latest announcements; from NYTimes, who do not have obvious skin in this game.
https://www.nytimes.com/athletic/66...city-premier-league-apt-settlement-explainer/
Key points they note:
- City clearly feel they now can give the go-ahead to proceed with their mega sponsorship from Etihad. Once this is signed, it will need to go through the 2024 version of the APT rules - City have not been provided with a free pass; but clearly the club have assured themselves that the basic structure of the deal is likely to be in accordance with the benchmark comparators that the Premier League intend to apply. This appears to have been one key factor in the previous Etihad sponsorship proposal being blocked; in that the previous proposed benchmarks were not, City maintained, of equivalent international sporting and commercial standing. It is not clear yet, and may never be, whether the deal currently being finalised is less generous, in terms of baseline or annual uplift, than the blocked deal would have been.
- City have been provided with assurances (or guarantees) of non-discrimination; specifically it appears that the Fair Market Value test will not be more stringently applied for deals with commercial entities in the Gulf (where there tends very commonly to be overlapping membership of executive boards). Abu Dhabi is a small place; and prominent Abu Dhabi families are extensive. Everyone is someone else's half-brother, cousin or in-law. City appear to have received assurances that Fair Market Value test will be the same for all sponsorship deals, whoever owns the club.
- City have dropped their argument for retrospective applicaiton of Fair Market Value to shareholder preferential loans in other clubs. This is the issue where the MCFC case before the forthcoming APT2 tribunal was strongest; but if they were to win, the consequence for a lot of clubs could have been financially catastrophic. There is no value in winning the argument, if in doing so you bring the house crashing down on everyone. Nobody loves a sore winner.
But they had the original rules thrown out & probably the new ones don’t affect us any more. Also, shareholder loans now have to attract interest.
We don’t need to fight anymore re APT
They are always anonymous, it’s a way for Roan to spread poison about City,Even when the quote is a meaningless load of old bollocks!
I love the fact that these malicious cunts running the cartel have been left incandescent with rage as a result of this - just imaging their reaction when the 115 verdict is in!
They can, and I just have.Let's not get silly. The statement is simple. It doesn't say we accept the rules. It says we accept rhe rules arw valid and binding. Which is what the PL claimed. Our statement publicly endorses that their position was right.
What that may have cost the PL or what we gain from that, people can go as wild with as their imagination allows.
But the statement itself is beyond queation or debate, nobody can argue otherwise.
They were found to be unlawful so can still be challenged should we wish. No need to take the matter any further perhaps?The rules were never thrown out. They were tweaked. We clearly did think they affected us, hence we challenged them so confidently. For whatever reason, we have pulled out of that challenge. That reinforces the PL's position. It is that simple mate.
Stefan also said he thought the PL would pay City’s costs. That tells you everything about who won. I believe the statement is just us throwing the PL a bone because we are about to destroy them in the 115 case,The statement says we accept the re-written rules. Not that the PL were “right”. It’s possible to accept something whilst acknowledging it’s not “right”.
It’s a lot easier to accept something you don’t believe is “right” if you get some kind of incentive to do so. A settlement so to speak.
Stefan mentioned on Talkshite earlier the Etihad deal is likely to be worth 1.75 billion over 10 years, should it go through, which most commentators seem to think it now will.
That kind of thing can make a man think “fair fucks, I can live with a bit of nonsense if I’m getting what I want / think I deserve”. That is the “settlement” part of this, from city’s perspective.
As ever there is nuance. Undeniably City gained some meaningful wins from APT1 and, in all likelihood, APT2. The scale of the victory depends on how important you consider the change of "would" back to "could" and the burden being on the PL to establish that a given deal was evidently not at FMV. Those matters are not nothing but nor are they headline making a year down the line. It is why I suggested it was a narrow win/score draw at the time. The PL come out with APT conceptually broadly "endorsed" but with a set of rules City are generally ok with.