It isn’t immediately clear why the club thinks it has won such an obvious victory over associated party transactions
Manchester City celebrate their Premier League title win in May, their sixth in seven seasons and the eighth in total under the Abu Dhabi United Group ownership.Manchester City celebrate their Premier League title win in May, their sixth in seven seasons and the eighth in total under the Abu Dhabi United Group ownership.Laydeez and gentlemen, we have a winner. In fact we can do better than that.
And on it goes. The Premier League tells us through one speaker that “ found that the APT Rules include appropriately detailed criteria as to the determination of FMV and that the process for assessment of FMV is a clearly defined, transparent and non-discriminatory one.” Meanwhile, Clive, I’m hearing in my other ear that: “The Premier League was found to have abused its dominant position. The Tribunal has determined both that the rules are structurally unfair.
This means loans from owners must be subject to the same kind of rules on proper value as sponsorship deals, as expressed most obviously in interest and repayment schemes. This is bad news for clubs that rely on favourable loans to spend above what their income would naturally allow. Clearly this case speaks very clearly to the separate affair of the 130-odd financial charges. City would have hoped that rules stating sponsor payments must be at fair market value would be undermined or ruled to be illegal. Do so and at a stroke a whole load of the PSR charges are likely to lose much of their gravity as a cause for punishment.This appears not to have happened.
This is presumably a statement directed through the wall at the other proceedings. We have not seen the full evidence in any of this. But if City have lit a fire under what is a relevant or admissible sponsor deal then perhaps they can also sniff another way-round in the wider charges, a time-bar shemozzle or procedural bungle. From its statement the Premier League is, as we say in football clearly a little rattled on this point.
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