Football Finance
- Thread starter King Binny
- Start date
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I’ve got some Polly’s IPAs. On offer in the ASDA. Would recommend.
I don't really drink much, maybe I'll need to take it up to stop City getting away with it...
I’ll double up to make up for it.
As long as I don't have to go on Tik Tok as well...
Taking one for the team, good lad.
Fixed
That’s for the update Beamrider
OK, I’ve read the decision. What it basically says is because the previous rules were flawed, they’re unenforceable in their entirety. This means the PL’s process for assessing the value of deals between 2021 and 2024 is void. It does NOT undermine the principle that those deals had to be fairly priced, if anything it underlines that requirement (it talks at length about shareholder loans and those rules would not be needed if they did not endorse the fundamental idea that everything has to be priced appropriately).
I think the suggestion that it opens the PL to millions in damages is dubious. If it can be shown that the PL refused to sanction a deal which was not, in fact, over-priced, then they could be subject to a damages claim. I don’t think that will apply because the affected clubs were almost certainly taking the piss and those deals were over-priced, it’s just that there were flaws in how the PL reached that conclusion. If the clubs had just gone ahead with the deals, they’d still have had to adjust them to their real value for FFP, and that value will be the same, regardless of how the PL checked it.
TLDR - not the bombshell it’s being made out to be, just confirmation of how last year’s decision should be interpreted.
I think the suggestion that it opens the PL to millions in damages is dubious. If it can be shown that the PL refused to sanction a deal which was not, in fact, over-priced, then they could be subject to a damages claim. I don’t think that will apply because the affected clubs were almost certainly taking the piss and those deals were over-priced, it’s just that there were flaws in how the PL reached that conclusion. If the clubs had just gone ahead with the deals, they’d still have had to adjust them to their real value for FFP, and that value will be the same, regardless of how the PL checked it.
TLDR - not the bombshell it’s being made out to be, just confirmation of how last year’s decision should be interpreted.
Thanks. You’ve had two beers so far by the way. Good old reliable Sierra Nevada draft. You’re on the Pollys next.
My City mate is convinced that City have blown up everything in sport so that clubs can not be restricted in anyway as to how they spend money and it signify the end of the EPL & UEFA due to UK & Euro competition law.
PL will also now also be forced to drop the charges against City or they’ll pursue something like £800,000,000 in compensation for APT anti- competitive illegal behaviour.
PL will also now also be forced to drop the charges against City or they’ll pursue something like £800,000,000 in compensation for APT anti- competitive illegal behaviour.
Tell your friend some dude on the Internet called FarkMaster thinks he's a cunt.
Did he support Chelsea a decade ago?
