PL charge City for alleged breaches of financial rules

bridgeno1 said:
We could end up in a doomsday scenario where City get done on the 115 and get points deducted, Arsenal and Liverpool get done for Shareholder loans and likewise get points taken off, Villa, Spurs, Newcastle etc get done for not properly accounting for commercial revenues and also get a points deduction and the Rags end up winning the PL by default!

#Sireriktenhag
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No that wouldn’t happen as only city would be investigated.
 
you can bet your life on it if PL would do the forensic investigation on our account going back 15 years on all 20 PL clubs they would find something they could base charges on it against every club. but they dont do it, only with us and maybe Chelsea who had to self report some dirt on themselves lo for PL to look into...

still i wish we were not so friendly at the scouting hacking to accept a 1m fee and moving on quietly, seeing the media attack in last few years can anyone imagine media reaction, PL reaction today if we are found guilty doing the same vs Arsenal or dippers scouting database. would Arse or dippers accept a quiet hearing and fee of 1m? we wouldnt hear the end of it how its cheating, how we got caught, PL would start investigation on nother 19 clubs IT system if we hacked those as well and the media frenzy of all that with constant questions to Pep from media about it.
 
ShedDweller said:
No that's wrong. City have challenged the idea that 'soft' shareholder loans (be they zero or low interest or market rate interest) are not currently considered an APT when they clearly are.

What this means is that clubs like Arsenal will have to have the value of those soft loans assessed (and that's a separate thing to what level of interest they are paying) and that value will then be included in the PSR calculation.

Another interesting thing is people saying 'oh they'll just convert to equity' - well apparently equity can't be directly injected by owners otherwise City & Newcastle would just blow everyone else out of the water anyway.

PSR is only calculated on earnings generated, its going to take some financial gymnastics by the cartel clubs to get rid of those loans from a PSR perspective.

Also, bear in mind that the only reason Arsenals soft loans are done at interest level they are is to satisfy UEFA's PSR rules which don't allow zero interest loans.
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I dont follow this. Man City has substantial Equity injections - Sheikh Mansour owns 81%, Silver Lake 18%, etc. I assume the reason shareholders make loans is they can withdraw these at their behest (or subject to some finite term) vs Equity which is permanent capital. it is also highly beneficial for the club/company as debt is cheaper than Equity - particularly if you are paying minimal interest.
 
Looking Mistry up on the internet you may be mistaken on his allegiances? Just as bad ‘avid dipper fan’- see his passions listed below


LeonardoDaVnci said:
The two key PL executives in the APT tribunal were these two, fyi Dharmash Mistry is a life long supporter and executive box owner at Arsenal. It was Fyfield who was responsible for the decision to refuse the sponsorships.

www.premierleague.com

Premier League confirms reappointment of Board Members Mai Fyfield and Dharmash Mistry

Clubs confirm further three-year terms for the two Independent Non-Executive Directors first appointed in October 2021
www.premierleague.com www.premierleague.com
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​

​

What are your passions outside of work?​

Ultra-marathon running (completed Marathon Des Sables, several 100m mile races) Paddleboard/kayaking, cycling. Football – avid Liverpool FC fan.
Reading (mainly non-fiction on tech futures and business books)
Food – both eating out and cooking (indian, thai, mexican, chinese, italian, sri-lankan…)
Travelling – been to >50 countries.
NED / Advisor for 2 crypto companies, 2 proptechs and a few fintechs DIY / Gardening (Ambassador for Ryobi)
 
bridgeno1 said:
I don't think of BM as a 'rivals website' more of a 'football forum' where there's actually a lot more interesting chat going on than on other sites. Yes I know City are a rival but that's not why I'm here.

Re being mentally unwell - well most men have mental health challenges at some stage in their lives, I'm sure I'm just as likely to as the next guy and if I did it wouldnt be anything to be ashamed of.

I will say though that on forums where people display overt hostility to complete strangers that's often a sign that all's not always well with them on an emotional level - I'm not having a go as honestly it genuinely doesn't bother me getting flak as I'm getting it from people who've never met me and therefore don't know me - they might just as well be shouting at a cow in a field. But I'd question why hostility seems to be the first port of call for some folk anyway and what's behind that. Because being unpleasant to someone often makes the recipient feel bad, but just as likely makes the giver feel uptight as well. It's easier just to chill IMHO - it just feels better.
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bridgeno1 said:
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.

City have subsequently challenged this (and had this challenge upheld) meaning that moving forward this rule is likely to be amended. At that points clubs will need to comply with it but that's only after an amendment is made. At the present moment it's perfectly legal - I suspect it won't be after the rules get amended (assuming 60% of PL clubs vote for it - they may also decide not to of course).
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No. That's not true. If the rules are deemed unlawful, then they have been all along.

I agree punishments can't/shouldn't be applied retrospectively, both for the practicality of this or just basic logic.

But that doesn't change the fact that what Arsenal and these clubs did over the last 3 years was unlawful, doesn't make it currently or historically legal. It just means they went along with it, unknowingly or knowingly, because the league thought it was ok.
 
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