r0cafella Posted October 7, 2024 Share Posted October 7, 2024 I love this, so they created rules to stop ourselves and Man city and the net outcome of said action is harder financial rules for themselves. Link to post Share on other sites More sharing options...
Bunk Moreland Posted October 7, 2024 Share Posted October 7, 2024 Man City statement: https://www.mancity.com/news/club/club-statement-rule-x-arbitral-tribunal-award-63863904 Quote - The Club has succeeded with its claim: the Associated Party Transaction (APT) rules have been found to be unlawful and the Premier League’s decisions on two specific MCFC sponsorship transactions have been set aside - The Tribunal found that both the original APT rules and the current, (amended) APT Rules violate UK competition law and violate the requirements of procedural fairness. - The Premier League was found to have abused its dominant position. - The Tribunal has determined both that the rules are structurally unfair and that the Premier League was specifically unfair in how it applied those rules to the Club in practice. - The rules were found to be discriminatory in how they operate, because they deliberately excluded shareholder loans. - As well as these general findings on legality, the Tribunal has set aside specific decisions of the Premier League to restate the fair market value of two transactions entered into by the Club. - The tribunal held that the Premier League had reached the decisions in a procedurally unfair manner. - The Tribunal also ruled that there was an unreasonable delay in the Premier League’s fair market value assessment of two of the Club’s sponsorship transactions, and so the Premier League breached its own rules. Link to post Share on other sites More sharing options...
Minhosa Posted October 7, 2024 Share Posted October 7, 2024 Can we self-sponsor the shit out of everything whilst this legal wrangle ensues? Link to post Share on other sites More sharing options...
Sibierski Posted October 7, 2024 Share Posted October 7, 2024 BIG SPONSORSHIP ANNOUNCEMENT NOW Link to post Share on other sites More sharing options...
NE27 Posted October 7, 2024 Share Posted October 7, 2024 Imagine just a glut of sponsorship now, the club been edging for 3 years and now it's ready to blow its load. Link to post Share on other sites More sharing options...
Bunk Moreland Posted October 7, 2024 Share Posted October 7, 2024 5 minutes ago, NE27 said: Imagine just a glut of sponsorship now Hope we're utterly shameless about it as well. Cheeky £500m/y Saudia training shirt sleeve sponsor Link to post Share on other sites More sharing options...
Joelinton7 Posted October 7, 2024 Share Posted October 7, 2024 6 minutes ago, jack j said: I thought this happened last week? Is this just the same news again? Was mooted last week but then everybody decided no one really knew what had happened. Link to post Share on other sites More sharing options...
Mag3.14 Posted October 7, 2024 Share Posted October 7, 2024 1 hour ago, UpTheToon said: Man U are actually fine under the proposed change. It’s clubs who are getting free loans who are targeted. Manure have famously spent a fortune servicing their debt. They may be, they may not, depends if they are getting "preferential" loan rates significantly below "market value" If they are only paying 2-3% for example Link to post Share on other sites More sharing options...
Ben Posted October 7, 2024 Share Posted October 7, 2024 Just now, Mag3.14 said: They may be, they may not, depends if they are getting "preferential" loan rates significantly below "market value" If they are only paying 2-3% for example Did they not get a huge Covid loan (or whatever it was) ? was that FMV ? Link to post Share on other sites More sharing options...
whiteline Posted October 7, 2024 Share Posted October 7, 2024 3 hours ago, SteV said: Obviously he’s a Reuben pick/recommendation, but he sounds like he’s got an extensive background in property development and regeneration, just at the point the board are about to make a decision on a billion pound property development. Roger Thornton already has a statue on Northumberland st… Link to post Share on other sites More sharing options...
Nucasol Posted October 7, 2024 Share Posted October 7, 2024 6 hours ago, jack j said: I thought this happened last week? Is this just the same news again? Yep but the usual EPL cucks like Panja were saying city had won nowt, basically a data room issue. It’s a lot more than that. Link to post Share on other sites More sharing options...
Guest Posted October 7, 2024 Share Posted October 7, 2024 https://www.costar.com/article/1241088440/reuben-brothers-tune-into-circa-£20-million-newcastle-sky-offices-deal Looks like Wellbar Central being sold to the Reubens, not NUFC. Not sure that has anything to do directly with the club but who knows Link to post Share on other sites More sharing options...
Matt Posted October 7, 2024 Share Posted October 7, 2024 Gives them some optionality. You would expect them to hoover up any parcel close to the ground they could. Link to post Share on other sites More sharing options...
Doctor Zaius Posted October 7, 2024 Share Posted October 7, 2024 The Premier League aren't half making an arse of running this league like Link to post Share on other sites More sharing options...
Jackie Broon Posted October 7, 2024 Share Posted October 7, 2024 2 hours ago, Jack27 said: https://www.costar.com/article/1241088440/reuben-brothers-tune-into-circa-£20-million-newcastle-sky-offices-deal Looks like Wellbar Central being sold to the Reubens, not NUFC. Not sure that has anything to do directly with the club but who knows Coincidental background? https://www.newcastleunited.com/en/news/newcastle-united-appoint-roger-thornton-to-board-of-directors Link to post Share on other sites More sharing options...
Teslact Posted October 8, 2024 Share Posted October 8, 2024 14 hours ago, Chris_R said: Why, are we going to build it out of chocolate? Thornton, toffee, the new stadium is moving to the docks (arena) site. Link to post Share on other sites More sharing options...
Teslact Posted October 8, 2024 Share Posted October 8, 2024 3 hours ago, Jackie Broon said: Coincidental background? https://www.newcastleunited.com/en/news/newcastle-united-appoint-roger-thornton-to-board-of-directors "Motcomb Estates Limited". Motcomb sounds like a thing for getting lice out of your lass's pubes. Link to post Share on other sites More sharing options...
PauloGeordio Posted October 8, 2024 Share Posted October 8, 2024 (edited) Edited October 8, 2024 by PauloGeordio Link to post Share on other sites More sharing options...
Jackie Broon Posted October 8, 2024 Share Posted October 8, 2024 4 hours ago, Teslact said: "Motcomb Estates Limited". Motcomb sounds like a thing for getting lice out of your lass's pubes. Link to post Share on other sites More sharing options...
Nucasol Posted October 8, 2024 Share Posted October 8, 2024 8 minutes ago, Jackie Broon said: Dr Mottcomb Link to post Share on other sites More sharing options...
TRon Posted October 8, 2024 Share Posted October 8, 2024 19 hours ago, Minhosa said: Can we self-sponsor the shit out of everything whilst this legal wrangle ensues? I hope we do. Chelsea have had no problem taking the piss out current PSR restrictions, and they got a curtsey and "As you please!" from the PL while they did it. Link to post Share on other sites More sharing options...
Ben Posted October 8, 2024 Share Posted October 8, 2024 6 hours ago, TRon said: I hope we do. Chelsea have had no problem taking the piss out current PSR restrictions, and they got a curtsey and "As you please!" from the PL while they did it. Did they change the rules where you cant sell stuff to yourself ? Link to post Share on other sites More sharing options...
Guest Posted October 9, 2024 Share Posted October 9, 2024 https://www.telegraph.co.uk/football/2024/10/09/newcastle-not-pif-priority-three-years-saudi-takeover/ Makes for some slightly grim reading, thanks Luke Link to post Share on other sites More sharing options...
TheBrownBottle Posted October 9, 2024 Share Posted October 9, 2024 2 minutes ago, Jack27 said: https://www.telegraph.co.uk/football/2024/10/09/newcastle-not-pif-priority-three-years-saudi-takeover/ Makes for some slightly grim reading, thanks Luke Can’t be arsed to read a ‘no shit Sherlock’ piece by that berk Link to post Share on other sites More sharing options...
Decky Posted October 9, 2024 Share Posted October 9, 2024 So in summary we're not their top priority, never were, and the ambition is to still be the top club in the country. Thanks for that fascinating insight Luke. Here's the article paywall free if you've to take a shite anytime soon and want something to read. https://web.archive.org/web/20241009080243/https://www.telegraph.co.uk/football/2024/10/09/newcastle-not-pif-priority-three-years-saudi-takeover/ Link to post Share on other sites More sharing options...
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