PL charge City for alleged breaches of financial rules

meltonblue said:
The frustrating thing with that article (the complete misrepresentation of tyranny of the majority again aside) is that he makes a lot of points I agree with in terms of the distribution of wealth within the game and what it has turned into but then puts the blame at completely the wrong door.

Rich investors and oligarchs haven’t created this. They were drawn to the sport from what football had done to itself, and in particular what the “big clubs” had done in terms of changing the rules of match day allocation, the breakaway in forming the premier league and then the crazy money of the champions league.

Everything he’s accusing us of doing has already been done by them, this is all Franksteins monster. It’s also a strange argument to make in terms of saying that footballs now at its most popular level in fifty years, given that coincides with a period where we’ve been the most successful team, and saying clubs like us are accountable for all the ill
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meltonblue said:
The frustrating thing with that article (the complete misrepresentation of tyranny of the majority again aside) is that he makes a lot of points I agree with in terms of the distribution of wealth within the game and what it has turned into but then puts the blame at completely the wrong door.

Rich investors and oligarchs haven’t created this. They were drawn to the sport from what football had done to itself, and in particular what the “big clubs” had done in terms of changing the rules of match day allocation, the breakaway in forming the premier league and then the crazy money of the champions league.

Everything he’s accusing us of doing has already been done by them, this is all Franksteins monster. It’s also a strange argument to make in terms of saying that footballs now at its most popular level in fifty years, given that coincides with a period where we’ve been the most successful team, and saying clubs like us are accountable for all the ills…
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Only thees.

Delaney is another who raises good points about where football is going but then, for one reason or another, blames entirely the wrong group of people.

It was always entirely predictable that super-rich individuals would get involved in football because opportunities are available to increase value and clubs generally are so badly managed. It was also entirely predictable that hedge funds would get involved in football because they see, and want to maintain, the potential for maximum value extraction for minimum investment.

A real clash of cultures.
 
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halfcenturyup said:
Only thees.

Delaney is another who raises good points about where football us going but then, for one reason or another, blames entirely the wrong group of people.

It was always entirely predictable that super-rich individuals would get involved in football because opportunities are available to increase value and clubs generally are so badly managed. It was also entirely predictable that hedge funds would get involved in football because they see, and want to maintain, the potential for maximum value extraction for minimum investment.

A real clash of cultures.
Click to expand...


Yup. The daft thing is it all in the end just benefits the owners, yet some fans have been suckered in to thinking it’s all in the interest of competition and a fair market.

Of course it isn’t. Owners are now able to sit on an ever increasing cash cow with little to no risk to themselves, whilst at the same time increasing ticket prices, maximising hospitality and prioritising the tv market and yet fans nowadays see that as an ideal model for ownership.

It’s all fucking ridiculous.
 
What do people think of this paragraph from the APT tribunal award?

1000000871.png
It's clearly talking about the 115 case and it's relevance to the introduction of the APT rules. Whatever Herbert said convinced the arbitrators that a move from ex-post to ex-ante was justified so it couldn't have been the funding aspects of the sponsorships, because that wouldn't have been picked up by any review of fmv, whenever it was carried out.

Which leads me to think that the PL has re-opened the questions of the fmv of the AD sponsorships and the related party nature of the sponsors going back to 2009/10. They may well be re-litigating the funding issues dismissed at CAS and may even have extended their time frame if they have additional evidence. But it seems to me now that they are also pressing on the related party nature of the sponsors, the fact that they weren't disclosed as such in the accounts and the fact that required details of the RPTs were not provided and on the fmv of the transactions.

This would explain the reference to related parties in the list of allegations referred to the disciplinary procedure in 2023 and their inclusion in the APT jusgment as a relevant factor.

I thought that was unlikely previously (especially as UEFA has never formally alleged that the AD sponsors were related parties or were anything other than fmv) but it seems almost certain to me that the PL has opened those issues up again.
 
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halfcenturyup said:
What do people think of this paragraph from the APT tribunal award?

View attachment 134890
It's clearly talking about the 115 case and it's relevance to the introduction of the APT rules. Whatever Herbert said convinced the arbitrators that a move from ex-post to ex-ante was justified so it couldn't have been the funding aspects of the sponsorships, because that wouldn't have been picked up by any review of fmv, whenever it was carried out.

Which leads me to think that the PL has re-opened the questions of the fmv of the AD sponsorships and the related party nature of the sponsors going back to 2009/10. They may well be re-litigating the funding issues dismissed at CAS and may even have extended their time frame if they have additional evidence. But it seems to me now that they are also pressing on the related party nature of the sponsors, the fact that they weren't disclosed as such in the accounts and the fact that required details of the RPTs were not provided and on the fmv of the transactions.

This would explain the reference to related parties in the list of allegations referred to the disciplinary procedure in 2023 and their inclusion in the APT award as a relevant factor.

I thought that was unlikely previously (especially as UEFA has never formally alleged that the AD sponsors were related parties or were anything other than fmv) but it seems almost certain to me that the PL has opened those issues up again.
Click to expand...

It sounds like they are litigating until they get the result they want….. Wallace article incoming.
 
I noticed that a rival tweet claimed we were persistently requesting new rules be considered in our 115 case which are all being knocked back.
Is this the normal procedure to ensure "pegs are in the ground" for further legal action on all the individual charges.

I leave both legal and accountancy to professionals but when I was involved in large ongoing contracts eg London Underground extensions original contracts caused strange things to have to be done.
Design and installation was constantly changing so some of our actual contracts required us to do certain things on certain days that had not even been fully designed never mind ready for our input but we always turned up with say 5 or 10 men to allow the Main Contractor to sign our work sheet then allocate a seperate area to work. This happened every day. If we didn't and just accepted alternative work it was not to contract which their QS would highlight and refuse payment because of potential problems at legal stage regarding proof of such a problem.

I wonder if our legal team are simply bringing up this point on every stage applicable for every charge against us.
 
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