PL charge City for alleged breaches of financial rules

[Xhavenjoe]

Hollywashing

Willoughby?

 

[ayrshire_blue]

Willoughby?

That's Willywashing, ironically the same thing as Woodwashing, which is what I think @JASR was referring to.

 

[Cassandra]

Fyfield clearly was well received by the panel members............

"Ms. Fyfield was a good witness. She was candid and engaged with the crossexaminer."

Supports what has been said by others that witness statements trump documents

I refer you to the bolt in the sausage!
As a footnote to that, when we returned back from that case a colleague asked “Did you ask to see his Equity card?”

 

[goldcoastblue]

And another Yank vote?

He's Canadian isn't he?

 

[Bald fraud]

You can more or less spend what you want until you get to the Championship. Then the financial rules kick in.

Yep. The rules to stop you standing on the big boys toes

 

[Bald fraud]

And another Yank vote?

It will be. Hearing they’re trying to fast track them into Europe so it’s coming

 

[Bald fraud]

He's Canadian isn't he?

Ffs

 

[ShedDweller]

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.

From what I can understand from the PSR bullshit, equity injection doesn't count as income and there can only be used to fund infrastructure such as stadium improvement and stuff like that. You can't fund the playing side via that route.

Its one of those 'rules' that they came up with to stop us and the likes of Newcastle.

This is why soft loans are used, not equity so therefore can be used to fund the football side of things. This is the reason why income in the form of sponsorship deals etc is the key to growing/improving the football side of the club.

This is why soft loans as APT's is important. Even if they get converted to equity the picture gets changed massively from a PSR angle.

It is of course... all corrupt bollocks cooked up to help the cartel clubs.

 

[halfcenturyup]

From what I can understand from the PSR bullshit, equity injection doesn't count as income and there can only be used to fund infrastructure such as stadium improvement and stuff like that. You can't fund the playing side via that route.

Its one of those 'rules' that they came up with to stop us and the likes of Newcastle.

This is why soft loans are used, not equity so therefore can be used to fund the football side of things. This is the reason why income in the form of sponsorship deals etc is the key to growing/improving the football side of the club.

This is why soft loans as APT's is important. Even if they get converted to equity the picture gets changed massively from a PSR angle.

It is of course... all corrupt bollocks cooked up to help the cartel clubs.

Naah. Equity or loans makes no difference to PSR in principle because you can only spend what you earn as income whether you are funded by equity or loans.

That's why sponsorship is important. The more you earn, the more you can spend.

The APT thing about loans is that they must now have fmv interest charged against them. Presumably for PSR as well, although that hasn't been challenged yet, so clubs with loans (rather than equity) will have less to spend on players and the like.

 

[KS55]

From what I can understand from the PSR bullshit, equity injection doesn't count as income and there can only be used to fund infrastructure such as stadium improvement and stuff like that. You can't fund the playing side via that route.

Its one of those 'rules' that they came up with to stop us and the likes of Newcastle.

This is why soft loans are used, not equity so therefore can be used to fund the football side of things. This is the reason why income in the form of sponsorship deals etc is the key to growing/improving the football side of the club.

This is why soft loans as APT's is important. Even if they get converted to equity the picture gets changed massively from a PSR angle.

It is of course... all corrupt bollocks cooked up to help the cartel clubs.

We just about got under the fence in time and the Sheiks money funded the first splurge on players. Then the redshirts brought in their rules, but they were too late.