PL charge City for alleged breaches of financial rules

[Colin Bells Boots]

Lol!

Desperation and wishful thinking from an Arteta fanboy !

 

[KS55]

That's written by an illiterate Tarquin though, where's he getting his information from? His Mum?

From Arsenal’s Head of Promo, Mrs Owen Slot.

 

[Norman kneejerk]

I said "credible"! Lol

I like the bit about a 'heated debate'. Perhaps the Lords also exchanged a few punches, as if!!

 

[LeonardoDaVnci]

Dear @bridgeno1
Apparently, the Alan Davies autobiography is absolutely essential reading for any self respecting tarqunt. Why don't you stay humble and immerse yourself in it for a few hours. In one hilarious chapter he describes how he took some mind bending hallucinogenic drugs which actually led him to believe arsenil were crowned champions of Europe.
Best wishes
Leonardo x

 

[Prestwich_Blue]

There is no shareholder loan rule in the handbook the premier league just decided it wasn't APT when it clearly is. This is the problem. Arsenal have been cheating for the last 3 plus years and that's clear as day now

I haven't had much free time recently but I had a quick look at Brighton & Arsenal's accounts. Brighton declare Bloom's loans as an RPT but the Arsenal accounts I looked at don't. I think there's a holding company accounts I didn't look at so I'll do that tonight.

But if Arsenal aren't declaring owner loans as an RPT then surely they're not submitting accurate accounts, which is what we've been charged with, and where the charges specifically mention related parties.

 

[bridgeno1]

I haven't had much free time recently but I had a quick look at Brighton & Arsenal's accounts. Brighton declare Bloom's loans as an RPT but the Arsenal accounts I looked at don't. I think there's a holding company accounts I didn't look at so I'll do that tonight.

But if Arsenal aren't declaring owner loans as an RPT then surely they're not submitting accurate accounts, which is what we've been charged with, and where the charges specifically mention related parties.

I believe Arsenal have £248m in shareholder loans, of which £62.5m are submitted annually as part of PSR calculations.

 

[HelloCity]

I believe Arsenal have £248m in shareholder loans, of which £62.5m are submitted annually as part of PSR calculations.

Sounds like financial doping.

 

[Prestwich_Blue]

I believe Arsenal have £248m in shareholder loans, of which £62.5m are submitted annually as part of PSR calculations.

They do identify the shareholder loans in the notes covering non-current liabilities.

 

[halfcenturyup]

I think this is one of the fundamental misunderstandings that's happening. Arsenal, Everton, Brighton etc haven't done anything wrong re shareholder loans as the current rules (that City voted for btw) state that shareholder loans don't bear interest.

I know you think it's some sort of gotcha, but the bold bit isn't right. The club voted in November 2021 to approve the principles recommended, but that doesn't mean anything significant. They voted against the actual proposed rules in general meeting in December 2021 and the club reserved its right to challenge the legality of the rules and the fmv process.

 

[halfcenturyup]

They do identify the shareholder loans in the notes covering non-current liabilities.

But they give no details on repayment or interest, unless I missed it, which is unusual no?