16 v 4 - The cartel passes ATP

[Ragatino]

https://www.newcastleworld.com/sport...cision-4879512

So the crooks have lost 3 votes from the secret meeting Newcastle were excluded from & City informed them that they'd face legal action back when they rushed these rules through.

It's gone from only City voting against and use being excluded to now include Villa, Us, City & Forest.

An interesting mix of clubs.

What is clear is that City have made it clear that there will be more legal action brought against the league and the rules as they've rush this through.

Kieran Maguire, financial expert is baffled by the comments.

Stefan Borson ANALYSES
https://www.youtube.com/watch?v=qnP2B0O6DGg

[Zippity]

Everton are just fucking dumb given their points deductions-at least Forest know the score.

Turkeys voting for Christmas, these other clubs. Happy to sit and get scraps from the top table and content to live for the odd great result against a cartel team as long as they are allowed to sit and dribble and fawn at their feet in the same league as them.

Lack of backbone.

Lack of ambition.

Cunts.

[toptoon]

Everton are just fucking dumb given their points deductions-at least Forest know the score.

Turkeys voting for Christmas, these other clubs. Happy to sit and get scraps from the top table and content to live for the odd great result against a cartel team as long as they are allowed to sit and dribble and fawn at their feet in the same league as them.

Lack of backbone.

Lack of ambition.

Cunts.

With the fear of Newcastle riding high.

I?m disappointed this passed too - didn?t think it would. If they really want fair competition, financially, then they just put on some kind of spending cap and give clubs 3 seasons to adhere. That way no club can spend more the maximum rather than the current one that hampers some clubs and favours others.

It?s clear to see that the current system is not designed to stop money making it unfair, but to maintain it so that some clubs have an advantage over others. Importantly these cartel clubs got where they are today by spending more than the others.

The stable door has been closed after the horse has bolted.

I hope PIF get angry about this and as a result even more determined to make the club a success on the world stage.

[Ragatino]

Everton are just fucking dumb given their points deductions-at least Forest know the score.

Turkeys voting for Christmas, these other clubs. Happy to sit and get scraps from the top table and content to live for the odd great result against a cartel team as long as they are allowed to sit and dribble and fawn at their feet in the same league as them.

Lack of backbone.

Lack of ambition.

Cunts.

Relegation would be well deserved for the sours, the bitter Bin dipping Blues, would be hilarious for them to go down, end that 'ever been relegated' nonsense and see the, play the dross of the Fizzy in that posh new stadium!

One silver lining for them would be that their deadwood would want to leave and they could clean house!

[Ragatino]

With the fear of Newcastle riding high.

I?m disappointed this passed too - didn?t think it would. If they really want fair competition, financially, then they just put on some kind of spending cap and give clubs 3 seasons to adhere. That way no club can spend more the maximum rather than the current one that hampers some clubs and favours others.

It?s clear to see that the current system is not designed to stop money making it unfair, but to maintain it so that some clubs have an advantage over others. Importantly these cartel clubs got where they are today by spending more than the others.

The stable door has been closed after the horse has bolted.

I hope PIF get angry about this and as a result even more determined to make the club a success on the world stage.

It just means more law suits the Premier League will lose. Every time they lose a case they lose more credibility and authority.

When City beat the 115 to a point where they'll get a nominal fine, basically a slap on the write, The whole board lose any mandate to lead.

Sooner the better to see the back of that sweaty greasy faced little stooge Masters and his cadre of cockroaches.

[MidsMagpie]

The usual few and all their little sheep follwing them along, At least 4 clubs against is a big improvement of always being just us and City.

[Guybrush]

Have the new rules been published?

[Zippity]

Have the new rules been published?

Not sure but I'm absolutely sure I won't understand them when they are.

[Ragatino]

Not sure but I'm absolutely sure I won't understand them when they are.

Official statement on the Prem's website.

At a Premier League Shareholders? meeting today, clubs approved changes to the League?s Associated Party Transaction (APT) rules

At a Premier League Shareholders? meeting today, clubs approved changes to the League?s Associated Party Transaction (APT) rules.

The amendments to the rules address the findings of an Arbitration Tribunal following a legal challenge by Manchester City to the APT system earlier this year.  

The Premier League has conducted a detailed consultation with clubs - informed by multiple opinions from expert, independent Leading Counsel - to draft rule changes that address amendments required to the system.

This relates to integrating the assessment of Shareholder loans, the removal of some of the amendments made to APT rules earlier this year, and changes to the process by which relevant information from the League?s "databank" is shared with a club?s advisors.

The purpose of the APT rules is to 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.

Shareholder Loans
- The new rules seek to ensure that there is appropriate parity between the treatment of shareholder loans and other APTs going forward, with transitional rules clarifying the treatment of existing shareholder loans within that framework.
- Shareholder loans entered into after 22 November 2024 will be required to be submitted as an APT and subject to an FMV assessment. If the Premier League Board determines the loan to evidently not be at FMV, the club in question shall be required to terminate or vary the loan to reflect FMV and pay any identified shortfall in interest.
- Any Shareholder loan that was entered into before 22 November 2024 and which is replaced with other forms of financing (e.g. by way of conversion to equity or repayment) within 50 days (i.e. by 11 January 2025) will not be required to be submitted as an APT or assessed for FMV.
- Any Shareholder loan that was entered into after 14 December 2021 but before 22 November 2024 and remaining in effect on 11 January 2025 must be submitted as an APT. If the Premier League Board determines the loan is evidently not at FMV,  the club is permitted to retain the Shareholder loan on its existing terms, though adjustments must be made to its Annual Accounts for 2024/25 onwards as if, from 22 November 2024, the loan was at FMV.
- Any Shareholder loan that was entered into prior to 14 December 2021 and remaining in effect on 11 January 2025 must be submitted as an APT and be subject to an FMV Assessment upon any drawdown taking place after the 22 November 2024. If the Premier League Board determines the loan is evidently not at FMV,  the club is permitted to retain the Shareholder loan on its existing terms, though adjustments must be made to its Annual Accounts for 2024/25 onwards as if any drawdowns made after 22 November 2024 were at FMV.

https://www.premierleague.com/news/4172030

[Ragatino]

These rules were introduced to provide a robust mechanism to safeguard the financial stability, integrity and competitive balance of the League.

What a lie