Need to get rid of those Moshiri loans sharpies!
Then pump in £300 mill from Toyota!
Then pump in £300 mill from Toyota!
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6 + 2 Point Deductions
- Thread starter GrandOldTeam
- Start date
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Club statement
Following today’s publication of the Rule X Arbitral Tribunal Award, Manchester City Football Club thanks the distinguished members of the Arbitral Tribunal for their work and considerations and welcomes their findings:
www.mancity.com
Premier League statement
www.premierleague.com
City did challenge APT and the tribunal found that APT was necessary and lawful apart from only a small part of the rules.
Their only succes were these -
The Tribunal made two findings in favour of Manchester City:
- That Shareholder loans should not be excluded from the scope of the APT Rules. By way of background, the exclusion of Shareholder loans from the APT Rules was a choice by the majority of clubs who wished to encourage transparent investment and 19 of them (including Manchester City) voted in favour of this approach.
- Second, that a limited number of amendments introduced to the APT Rules earlier this year should not be retained. In particular, the Tribunal found that the removal of the additional word "evidently" from the basis on which the Board will find an APT not to be at FMV, amendments to the definition of FMV, and shifting the burden of proof to a Club to show a transaction is at FMV could, when considered together, increase the risk of an APT being restated when a restatement is not, in fact, warranted (referred to in the decision as "false positives").
City lost with these -
The Tribunal rejected a range of arguments put forward by Manchester City relating to the framework of the APT Rules including:
- It agreed with the Premier League that if the price of an APT is evidently not at FMV, competition will be distorted as the club would be benefitting from a subsidy.
- It found that the APT Rules include appropriately detailed criteria as to the determination of FMV and that the process for assessment of FMV is a clearly defined, transparent and non-discriminatory one (as required by competition law).
- It rejected Manchester City’s argument that the object of the APT Rules was to discriminate against clubs with ownership from the "Gulf region".
- More generally, except in two respects only (addressed below), it found that Manchester City’s arguments were unfounded, including on any alleged inconsistency in approach as between certain types of clubs
what’s all this mean anyone?
IE does it effect us?
IE does it effect us?
W84 Dum Freeze
Player Valuation: £1.5m
They're gonna give us Stones back in exchange.
Dublin blue 75
Player Valuation: £50m
Always has been. A lot of jealousy and bitterness from the old guard to city.
Dublin blue 75
Player Valuation: £50m
In the immediate short term no impact. Assuming the TFG deal is closed over the coming months (and before Tricky Dicky Masters can change the APT rules to include interest on shareholder loans) and the Moshiri 400m of shareholder loans are written off (by him) once he sells to TFG, then we are fine going forward.
Assuming that is, they don't back-date the application of this rule to the years prior to TFG taking over. That would open an awful can of worms for Arsenal, Chelsea (especially), Brighton and Brentford as well as us.
Longer term, if we evade the above this could be net positive where City are now in a position to accept related party sponsorship from Qatari owned companies than was the case to date. The same would apply to other companies owned by TFG potentially sponsoring us.
Tipp blue
If I agreed with you, we’d both be wrong.
It means we are getting docked 12 points and liverpool get a penalty.
ok so good? we can spend and naming rights also?
or use the naming rights to spend?
or that would the the summer one
so TFG for the jan one
who did our tea lady?
well it is the PL…
Could help with future deals stadium naming rights think stake is gone next year. Think is a situation that helps us over teams around the bottom but ofc chelsea newcastle city helpe more. Just have to see whst happens now
Lob
Player Valuation: £50m
Another 10 point deduction for supporting City.
Dublin blue 75
Player Valuation: £50m
doesn't change anything for us until the TFG deal fully closes and until such (maybe) future date that the PL elect to backdate the application of the treatment of these loans. No talk of that yet but its a possibility you'd have to accept.
400M at circa 5% commercial rates is 20M a year of additional expenses the PL could (in theory) add to our annual losses for 23/24 and 24/25.. no immediate talk of this and the sooner the loans (and Moshiri) are gone, the better.