6 + 2 Point Deductions

[mikel_88]

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.

Is that written off when moshiri sells the club tho so would be gone before they change the rules if they do?

 

[Salt & Pepper Toffee]

annoying that there are 3 or 4 Clubs all supporting City and yet not 1 came out in support for our unfair punishment. They all sat back and let the bully pick on the smallest kid in the play ground.

 

[Dublin blue 75]

Is that written off when moshiri sells the club tho so would be gone before they change the rules if they do?

If TFG buy us tomorrow, it is reported that moshiri gets $25m and the $400m he has 'loaned' the club is forgiven by him/written off. In that case, we would have a potential issue in 2024 up to tomorrow's date, potentially the same approx annual charge for the preceding years too. Speculative only at this point but possible. But sooner the sale closes, the sooner this goes away as a future facing risk.

If they don't change the rules until spring 2025, for example, there is nothing to stop them backdating the application of these rules (they literally make them up as they go along).

 

[Marc bolan]

They're gonna give us Stones back in exchange.

And take Branthwaite

 

[jinkyali]

Re shareholder loans.

Clubs aren't being allowed to compete.

 

[Dario Terracotta]

It means we are getting docked 12 points and liverpool get a penalty.

Just the twelve points and just the one penalty though?

 

[Dublin blue 75]

Is that written off when moshiri sells the club tho so would be gone before they change the rules if they do?

Yes, writing off his loans is part of the TFG deal. The issue would be if the PL say we should be accounting for market rate interest on those loans for the purpose of PSR and presumably adding the unpaid interest to the outstanding balance in our PSR accounts but charging the interest to the PL in our PSR filings.

We’re not at or near that point (and may never arise) but it’s a clear possibility.

 

[mikel_88]

If TFG buy us tomorrow, it is reported that moshiri gets $25m and the $400m he has 'loaned' the club is forgiven by him/written off. In that case, we would have a potential issue in 2024 up to tomorrow's date, potentially the same approx annual charge for the preceding years too. Speculative only at this point but possible. But sooner the sale closes, the sooner this goes away as a future facing risk.

If they don't change the rules until spring 2025, for example, there is nothing to stop them backdating the application of these rules (they literally make them up as they go along).

Yeah thanks hopefully if they did it would only be after the date from when they change the rules that any new loans from then would be under it. But yeah hopefully is the end of us worrying on all this money stuff

 

[AsiaAsia82]

Are we thinking that any of the red teams have not had interest fee loans or investments?
Not even when Ratcliffe took over at United?

 

[catcherintherye]

If TFG buy us tomorrow, it is reported that moshiri gets $25m and the $400m he has 'loaned' the club is forgiven by him/written off. In that case, we would have a potential issue in 2024 up to tomorrow's date, potentially the same approx annual charge for the preceding years too. Speculative only at this point but possible. But sooner the sale closes, the sooner this goes away as a future facing risk.

If they don't change the rules until spring 2025, for example, there is nothing to stop them backdating the application of these rules (they literally make them up as they go along).

The rules won't be backdated and the loans will go of the balance sheet with the new takeover.

 

[Walken]

annoying that there are 3 or 4 Clubs all supporting City and yet not 1 came out in support for our unfair punishment. They all sat back and let the bully pick on the smallest kid in the play ground.

And yet our club and some fans go simping for city, pathetic

 

[ashwuk76]

not sure why anyone is panicking. Th verdict has literally just come out, they have already said they will need to change the rules which will need ratifying by 14 clubs at a meeting. Honestly can't see any chnages taking effect until next season and lcubs will NEVER agree to the rules being applied retrospectivley.. I am not worried.

 

[Dublin blue 75]

The rules won't be backdated and the loans will go of the balance sheet with the new takeover.

Agree the loans will cease to be a liability upon the takeover and will be removed from the balance sheet.

I don’t think we definitively can say the historic treatment of the cost of those loans won’t be looked at again though. If the PL determine they must be fair value priced from date X, it would be unwise to assume they won’t backdate that too. I don’t believe this is consistent with industry accounting standards but the PL have shown themselves to be a law onto themselves.

 

[Neiler]

The rules won't be backdated and the loans will go of the balance sheet with the new takeover.

TFG will have to workaround the £260 odd million they’ve leant us I’d be surprised if there not sitting as loans.

14 clubs have to vote on a rule change anyway dont they.

 

[brettangellnightporter]

Brightons owner must be extremely worried right now