"The tribunal has declared the APT rules to be unlawful. MCFC’s [Manchester City’s] position is that this means all of the APT rules are void, and have been since 2021."
I'd guess that the Premier League will have to amend the rules and the clubs can vote to accept the changes. The interest free shareholder loans is interesting. Wasn't their exclusion from PSR is unlawful? So if they don't add the full amounts into the PSR calculations then it could trigger another court case. For Arsenal that's £259m and for Brighton it's £373m. Chelsea Leicester and Bournemouth are all north of £115m. Leicester must hate the Premier League anyway, and Aston Villa will also feel aggrieved, so i just can't see the required number of clubs voting to keep the cartel protected.
They only got 12 votes in 2021 and 2 clubs refused to vote. Turkey's voted for Christmas then in panic 5 days after our takeover, but now the situation is different.
Surely they can’t just add those amounts in now though as they weren’t in the rules then? The rules were simply unlawful so all those punished or forced to sell players to comply with an unlawful rule are going to be after compensation.
The Premier League thinks it can just walk this one off, but city are burrowing further and further towards their nucleus.
While the loans look high if you add an assumed base rate of interest of 5% is about 12.5m for Arsenal. Not sure what their PSR figures look like but not insurmountable for them I'd imagine. Everton on the other hand have £451m in loans, so about £22.5m annual and they were already running close to/overstepping the line in recent times. If that's back dated to 2021 when the rule were enforced they could find themselves in hot water come accounts season next summer...
Surely that'll dilute the share price/profits they can make? It'll have a knock on effect somewhere along the line I'd imagine?
The letter and public attack on the Premier League is the winner letting the Premier League know they're going to destroy them. It's so bold and bullish that it shouldn't take a rocket scientist to figure it all out. The weak response from the Premier league is also very telling.
