Ben Posted Monday at 14:50 Share Posted Monday at 14:50 Just now, FloydianMag said: Agreed, but clearly the PL thought that’s what they could do believing all would be good to go within 10 days of the judgement🤷♂️ If they "Blue Pencil" the bits they lost on would it not make Man City's case even stronger ? Link to post Share on other sites More sharing options...
FloydianMag Posted Monday at 14:57 Share Posted Monday at 14:57 1 minute ago, Ben said: If they "Blue Pencil" the bits they lost on would it not make Man City's case even stronger ? I’d of thought so…..as @Keegans Export pointed out now that ‘shareholder loans’ have to be added and assessed the whole APT rules will need a rewrite imo. This also impacts FFP/PSR calculations. It’s a mess of the PL’s making. Link to post Share on other sites More sharing options...
NG32 Posted Monday at 15:00 Share Posted Monday at 15:00 Do we know which clubs are receiving share holder loads at 0 % interest ? Link to post Share on other sites More sharing options...
FloydianMag Posted Monday at 15:02 Share Posted Monday at 15:02 Just now, NG32 said: Do we know which clubs are receiving share holder loads at 0 % interest ? PL asked all clubs to provide details by last Thursday, quite a few including Arsenal and Chelsea. Link to post Share on other sites More sharing options...
Nucasol Posted Monday at 15:05 Share Posted Monday at 15:05 Just now, FloydianMag said: PL asked all clubs to provide details by last Thursday, quite a few including Arsenal and Chelsea. Chelsea £100m+ to their PE overlords Arsenal £200m+ to the Kroenkes Brighton £300m+ to Tony Bloom although reduced by £30m last year. Everton £400m to Moshiri but expected to be wiped clean when Friedkin completes the takeover Link to post Share on other sites More sharing options...
NG32 Posted Monday at 15:05 Share Posted Monday at 15:05 1 minute ago, FloydianMag said: PL asked all clubs to provide details by last Thursday, quite a few including Arsenal and Chelsea. How can the premier league set rules for restricting income or invest while some teams lurk in the shadows getting interest free support from their shareholders. Link to post Share on other sites More sharing options...
FloydianMag Posted Monday at 15:06 Share Posted Monday at 15:06 Just now, NG32 said: How can the premier league set rules for restricting income or invest while some teams lurk in the shadows getting interest free support from their shareholders. Aye…….bent and corrupt as fuck. Link to post Share on other sites More sharing options...
Keegans Export Posted Monday at 15:31 Share Posted Monday at 15:31 24 minutes ago, Nucasol said: Chelsea £100m+ to their PE overlords Arsenal £200m+ to the Kroenkes Brighton £300m+ to Tony Bloom although reduced by £30m last year. Everton £400m to Moshiri but expected to be wiped clean when Friedkin completes the takeover Someone made the point in an Athletic article that, unlike the PL, UEFA already include shareholder loans in their FMV stuff, therefore you'd assume any of those clubs who have been playing in Europe are probably still (mostly) fine. Everton though...RIP... Link to post Share on other sites More sharing options...
KetsbaiaIsBald Posted Monday at 16:17 Share Posted Monday at 16:17 1 hour ago, NG32 said: How can the premier league set rules for restricting income or invest while some teams lurk in the shadows getting interest free support from their shareholders. to be honest I think the loans interest is just a convenient fuck up by the premier league. You can put in funds via loans or equity through issuing shares. Both of these act the same way with regard to PSR rules. Owners chose loans as it makes getting money out (without the sale of the club) and with less tax cost to the owner. Just like Brighton did. If that was equity they have needed to take a dividend and pay just short of 40% tax on the thirty million. I would imagine if we do anything to the ground that would be funded with an equity injection and that would be irrelevant to any PSR calcs. Link to post Share on other sites More sharing options...
Ben Posted Monday at 16:27 Share Posted Monday at 16:27 6 minutes ago, KetsbaiaIsBald said: to be honest I think the loans interest is just a convenient fuck up by the premier league. You can put in funds via loans or equity through issuing shares. Both of these act the same way with regard to PSR rules. Owners chose loans as it makes getting money out (without the sale of the club) and with less tax cost to the owner. Just like Brighton did. If that was equity they have needed to take a dividend and pay just short of 40% tax on the thirty million. I would imagine if we do anything to the ground that would be funded with an equity injection and that would be irrelevant to any PSR calcs. The tax implications must be a minefield, I remember years ago the agents were telling players not to register themselves as companies because they would need to pay VAT on their transfers (or something like that, my mind goes to mush with that sort of thing) even the Chancellor or the Exchequer needs help with her tax. Link to post Share on other sites More sharing options...
Jackie Broon Posted Monday at 16:30 Share Posted Monday at 16:30 3 hours ago, Ben said: That cant be true It only relates to the powers the tribunal have to amend the rules in their final decision. The PL can amend them however they like (subject to a vote and risk of furgher challenge, obviously). Link to post Share on other sites More sharing options...
Ben Posted Monday at 16:35 Share Posted Monday at 16:35 2 minutes ago, Jackie Broon said: It only relates to the powers the tribunal have to amend the rules in their final decision. The PL can amend them however they like (subject to a vote and risk of furgher challenge, obviously). TBF after doing a bit reading on it, it seems like a sensible way to get rid of wording when issues come to a standstill, I still don't think its an option in this case though Link to post Share on other sites More sharing options...
500bhp Posted Monday at 16:50 Share Posted Monday at 16:50 1 hour ago, NG32 said: How can the premier league set rules for restricting income or invest while some teams lurk in the shadows getting interest free support from their shareholders. We did for years under Ashley. He loaned us well over £100m for more than a decade. That loan was cleared when the takeover completed. Link to post Share on other sites More sharing options...
Jackie Broon Posted Monday at 16:57 Share Posted Monday at 16:57 20 minutes ago, Ben said: TBF after doing a bit reading on it, it seems like a sensible way to get rid of wording when issues come to a standstill, I still don't think its an option in this case though I think that was his point to be fair. Link to post Share on other sites More sharing options...
Jackie Broon Posted Monday at 17:15 Share Posted Monday at 17:15 (edited) 25 minutes ago, 500bhp said: We did for years under Ashley. He loaned us well over £100m for more than a decade. That loan was cleared when the takeover completed. In that case I think we could argue that we paid above FMV interest on his loans in kind through free sponsorships, worth possibly £100m+. Edited Monday at 17:16 by Jackie Broon Link to post Share on other sites More sharing options...
FloydianMag Posted Monday at 18:12 Share Posted Monday at 18:12 Here we go again…….. Link to post Share on other sites More sharing options...
Unbelievable Posted Monday at 18:35 Share Posted Monday at 18:35 Serves the PL right for bending over backwards for a bunch of snakes I suppose. Link to post Share on other sites More sharing options...
KetsbaiaIsBald Posted Monday at 18:38 Share Posted Monday at 18:38 25 minutes ago, FloydianMag said: Here we go again…….. Wonder if we will be invited this time 😈 Link to post Share on other sites More sharing options...
Jonas Posted Monday at 18:44 Share Posted Monday at 18:44 The super league pops up like a prodding reminder anytime there are changes in the game that may not benefit the elite. Link to post Share on other sites More sharing options...
Terraloon Posted Monday at 19:01 Share Posted Monday at 19:01 2 hours ago, KetsbaiaIsBald said: to be honest I think the loans interest is just a convenient fuck up by the premier league. You can put in funds via loans or equity through issuing shares. Both of these act the same way with regard to PSR rules. Owners chose loans as it makes getting money out (without the sale of the club) and with less tax cost to the owner. Just like Brighton did. If that was equity they have needed to take a dividend and pay just short of 40% tax on the thirty million. I would imagine if we do anything to the ground that would be funded with an equity injection and that would be irrelevant to any PSR calcs. There is another route although there are tax implications and that is a company can buy back shares . Profit based on time held will attract CGT but in theory can I believe only be done in one transaction if the company has surplus cash Link to post Share on other sites More sharing options...
gbandit Posted Monday at 19:02 Share Posted Monday at 19:02 I’d like to say that where we are right now is going to be the low point for football but i think in five year’s time I’ll be hoping the exact same thing Link to post Share on other sites More sharing options...
Kid Icarus Posted Monday at 19:07 Share Posted Monday at 19:07 Hopefully the ESL will get the same reaction from fans that it got the last time. Utter contempt. They'll be trying a different method to try and get around it this time, so we'll see how it goes. I'm not saying that there's a combined effort to ruin the Premier League in order to make the ESL seem more attractive by comparison, but that's generally the tactic that's used to manufacture consent for unpopular decisions and the Premier League certainly does appear to be being ruined... Link to post Share on other sites More sharing options...
El Prontonise Posted Monday at 19:10 Share Posted Monday at 19:10 I honestly hope the whole sport goes bust. It's rotten to the core. Link to post Share on other sites More sharing options...
Pixelphish Posted Monday at 19:11 Share Posted Monday at 19:11 Just now, El Prontonise said: I honestly hope the whole sport goes bust. It's rotten to the core. Yeah not far off this as well. Whole thing fucking stinks. Link to post Share on other sites More sharing options...
gbandit Posted Monday at 19:11 Share Posted Monday at 19:11 Just now, El Prontonise said: I honestly hope the whole sport goes bust. It's rotten to the core. Does feel like it’s morphed into Greedball. I can still enjoy watching the game but fuck me, I absolutely hate it when I’m not watching it Link to post Share on other sites More sharing options...
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