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City victory in PL dispute

Started by The Blue Blooded Maniac, September 26, 2024, 14:54:33

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Kilkenny Blue

The PL statement is interesting reading!  I'm not surprised at City's reaction to it.The statement seems to be nothing more than a PR exercise and some of the contradictions are mind boggling!
The concept of APT is fine, but what the PL have failed to address is the actual implementation and their

'The decision represents an important and detailed assessment of the APT Rules, which ensure clubs are not able to benefit from commercial deals or reductions in costs that are not at Fair Market Value (FMV) by virtue of relationships with Associated Parties. These Rules were introduced to provide a robust mechanism to safeguard the financial stability, integrity and competitive balance of the League. '

'As the Tribunal has concluded, the APT Rules must now integrate the assessment of Shareholder loans and remove some of the amendments made to APT Rules earlier this year. Otherwise, the Premier League rulebook has been found to comply with competition and public law standards and is an effective and necessary system for assessing the FMV of APTs to ensure the integrity of the League's Profitability and Sustainability Rules. We are conducting a process that can allow the League and clubs to enact those specific changes quickly and effectively.'

'from a procedural perspective, it identified certain information that should have been provided to Manchester City at an earlier stage of the assessment process. Manchester City has already been provided with this information in respect of these transactions and has been invited to make further submissions in relation to it. Although the Tribunal noted that these FMV Assessments should have been conducted more speedily, it recognised that the delays had been due to a number of constraints which the League's Regulatory team and the independent FMV assessor were working under and have been resolved'

'As the Tribunal has concluded, the APT Rules must now integrate the assessment of Shareholder loans and remove some of the amendments made to APT Rules earlier this year. Otherwise, the Premier League rulebook has been found to comply with competition and public law standards and is an effective and necessary system for assessing the FMV of APTs to ensure the integrity of the League's Profitability and Sustainability Rules. We are conducting a process that can allow the League and clubs to enact those specific changes quickly and effectively.'

gavin

So the Premier League now say that there is no quick fix to an issue that they said that they could fix quickly just a few days ago. Of course, this comes after City had to point this out to them. At least we get to laugh at the Premier League cretins in the international break.

Kilkenny Blue

Quote from: gavin on October 12, 2024, 06:51:48So the Premier League now say that there is no quick fix to an issue that they said that they could fix quickly just a few days ago. Of course, this comes after City had to point this out to them. At least we get to laugh at the Premier League cretins in the international break.

Yup!  The same 'issue' that City said was unlawful from the very start!

reddishblue

Rumours are around that there is a second part of the panel's judgement to be published that do not look good for the PL.