PL charge City for alleged breaches of financial rules

[LeonardoDaVnci]

Having read the new PL Handbook re Associated Party Transactions ATPs it's blindingly obvious they are designed to work like this. Eg CIty agree a renewal with Ethihad, say £40m/year for 6 years, the club will have to submit a vast amount of evidence to prove Fair Market Value. Dicky Masters informs Scruffy Jim, Levy, Henry etc. who all tell Masters to knock it down to £25m/year I.e. using the new regulations. Of course Dickie obeys, and informs the independent assessors who are paid by the PL the required outcome. Job done.
The question is this, in future can we get better/bigger deals classed as Arms Length instead of deals classed as APT ? That is Khaldoon's next big challenge after we destroy the 115 charges. It will prove just how much we have grown if we can do it.

 

[PPT]

FTFY

Having read the new PL Handbook re Associated Party Transactions ATPs it's blindingly obvious they are designed to work like this. Eg CIty agree a renewal with Ethihad, say £40m/year for 6 years, the club will have to submit a vast amount of evidence to prove Fair Market Value. Dicky Masters informs Scruffy Jim, Levy, Henry etc. who all tell Masters to knock it down to £25m/year I.e. using the new regulations. Of course Dickie obeys, and informs the independent assessors who are paid by the PL the required outcome. Job done.
The question is this, in future can we get better/bigger deals classed as Arms Length instead of deals classed as APT ? That is Khaldoon's next big challenge after we destroy the 115 charges. It will prove just how much we have grown if we can do it.

It will be very difficult to actually do that in practice (hopefully). All deals can be and will be benchmarked against each other. With the number of trophies we have won in recent years we can command top dollar. However, I wouldn’t be surprised if they tried it on initially. It’s an absolute farce. Only the two parties involved in the deal can assess and agree ‘fair value’. It will hinder Newcastle more than most I feel.

 

[I'm Blue]

I think, for 55 minutes, you've stumped everyone.

I expected to called an idiot by at least one of you : )

 

[LeonardoDaVnci]

It will be very difficult to actually do that in practice (hopefully). All deals can be and will be benchmarked against each other. With the number of trophies we have won in recent years we can command top dollar. However, I wouldn’t be surprised if they tried it on initially. It’s an absolute farce. Only the two parties involved in the deal can assess and agree ‘fair value’. It will hinder Newcastle more than most I feel.

The two parties can in principle agree absolutely anything eg crazy money £100m/year, but the new regs make it absolutely clear, if it's classed as ATP the PL have the final say Yes/No/Reduce it. 12 clubs voted for what is definitely restricting free trade, so can a private members club agree to break commercial law ?.
Once again the winners will be the Lawyers. We need to get non ATP deals imho.

And we need to thrash FC Copenhagen !

 

[KS55]

Having read the new PL Handbook re Associated Party Transactions ATPs it's blindingly obvious they are designed to work like this. Eg CIty agree a renewal with Ethihad, say £40m/year for 6 years, the club will have to submit a vast amount of evidence to prove Fair Market Value. Dicky Masters informs Scruffy Jim, Levy, Henry etc. who all tell Masters to knock it down to £25m/year I.e. using the new regulations. Of course Dickie obeys, and informs the independent assessors who are paid by the PL the required outcome. Job done.
The question is this, in future can we get better/bigger deals classed as Arms Length instead of deals classed as APT ? That is Khaldoon's next big challenge after we destroy the 115 charges. It will prove just how much we have grown if we can do it.

Before covid City were reputed to looking for a new shirt sponsor to replace Etihad, although they would remain as stadium sponsors. Covid was reported to knock that back.

 

[Blue Pete]

First come,,,eh hope you washed the sheets

Then it wouldn't be art, I'm an artist you know

 

[Blue Pete]

The word come may be a tad off putting to any prospective purchaser.

I saw it as a selling point, and part of the artistic theme

 

[Scaley]

This thread needs to get back on topic. Which I believe was Irish support for City.

And Petrocelli’s gaff.

 

[BlueLou82]

I dont think the fair market value rule affects you tbh. I would expect treble winners with one of the best managers and highest profile strikers in the world to have huge sponsorship deals.

Its designed to stop Newcastle for the most part.

 

[BlueLou82]

On another note, we could welcome another into our little club. The 'breaches' club is getting bigger