PL charge City for alleged breaches of financial rules

[ShedDweller]

this must be right as it's an excel spreadsheet from twitter.

Arsenal have to pay some interest to comply with UEFA PSR rules, but its not full market rate.

 

[TonyColemansbagofapples]

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).

So our charges can be backdated to prehistoric times but yours can just be dismissed? Sounds fair.

 

[TonyColemansbagofapples]

Yeah fair enough. I don't know unless it's buried in with all the other costs of finance figures and is presented as a single overall cost in the P&L.

Take a peek under that carpet

 

[Prestwich_Blue]

Mental health comes to mind, this dude must be a raving lunatic and needs help,

Must be another Nick Harris burner account then.

 

[NMB]

It's not looking good for us so don't build your hopes up.

Sadly our lawyers have been attending a different venue all this time

 

[Citizen of Legoland]

It's not looking good for us so don't build your hopes up.

Royal Courts of Justice? Moved location have they?

What a div!

 

[silva_is_gold]

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

From his bum,
Full of shit :-)

 

[Ballosteve]

Royal Courts of Justice? Moved location have they?

What a div!

I was just going to post the same...

 

[stonerblue]

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

With their 900m debts

 

[Gordyola]

You and I paid for it - the tories never use their own money.

Kier Starmer and his crew say Hi!