115 fraud/ Consipiracy charges.

[reddishblue]

From the BBC

[gavin]

I wish we could just get back to football and forget all this shite. But the red mafia will be crooked. Maybe they would be better off if they concentrated on football too.

[KunDB]

I just hope City win this after their advance warning to the PL & other clubs.

[reddishblue]

Pep Guardiola: "I know in this club it's always just about money... I think in one month will be the verdict [on the 115 charges], the sentence, and after we'll see my opinion about what happened so far..."

[reddishblue]

Somebody please listen to this and then explain it in layman's terms for me 

[gavin]

We fight until the end. We will challenge the red mafia and their lackeys until the end.

[Stephen Paul]

Manchester City boss Pep Guardiola says the club expects to learn the outcome of the hearing into its 115 charges of alleged Premier League financial rule breaches "in one month".

[Hesperus]

Looks like it's finally coming to a conclusion. I don't think anyone has a real clue which way it will go though.

Fingers crossed.

[Stephen Paul]

Boiling piss everywhere

[Swiss]

Basically I think the APT challenge comes down to clubs like Arsenal who are allowed to take interest free/ very low interest loans from shareholders and it not count against Associated Party Transaction regulations, but clubs like city, Newcastle and NottsF can't take loans or investments from their owners as that's against APT (something like that).
City's argument is that it is anti-competition and that Shareholders are associated parties and therefore should fall within APT regs.

This is what I understand the major arguement to be, but I am not a lawyer or a finance expert.

[gavin]

The previous ruling said that shareholder loans had to be taken into account and the new rules say that they will be in future but it will not be backdated. City say that that is against the previous ruling.

[reddishblue]

1⃣ Interesting to see Antonoaldo Neves, CEO of Etihad interviewed in the Times today ahead of what seems to be an imminent IPO. The timing of the piece will not be accidental - it will be a planned pre-IPO promotional piece. It follows on from a recent Sky News interview. He was specifically asked about the reputational issues relating to the City charges.



Stefan

[reddishblue]

It must be time for Masters to step down now. The APT rules have been declared null and void. Looks like City have won this hands down.

BREAKING!

[reddishblue]

Mike Keegan Daily Mail

The Premier League has suffered a significant setback after a tribunal deemed its sponsorship rules – which operated for almost three years - null and void.

In a bombshell verdict - that could now trigger a series of giant compensation claims and plunge the competition into crisis – an independent panel has sided with champions Manchester City and deemed that the league's Associated Party Transaction (APT) regulations, which ran from December 2021 to November 2024, were unlawful in their entirety.

[gavin]

We must sue them for every penny lost so far.

[reddishblue]

The APT/FFP rules were brought in to protect certain clubs who only want to take money out of the game and not invest, a typical American franchise type of idea. Protectionism is/was the name of the game.

Methinks this particular business model may have failed...

[Swiss]

I think we should not sue the prem league, we should use it as leverage instead.

[reddishblue]

[Stephen Paul]

brilliant