So you've posted an article that nobody can read, didn't bother elaborating on it, and all to mock a journalist whose article we can't read for ourselves. You're to be ignored
I mean this is uncharted waters. It can certainly be argued the league has probably made a bit of an error bringing so many challenges on City as in all likelihood a large amount, or majority, will be rejected. The club will then claim victory.
kindly **** off then haha , of no one has used the trial then they can read it. 115 was always ridiculous. Should've gone for 5 to 10 big ones and this would be done and dusted guilty or not.
Well yeah it gives the club ammo to accuse the league of a witchhunt, and then that leads back to this case outcome that suggests the league isn't providing proper governance.
It would be nice for it to be all over with anyway, as well as the constant rule shifting from the officiating of the matches, and the changes to the competitions themselves. But alas, it will never really end will it? Feels like zombie football at this point.
So I'll provide context here because my god is it missing in this thread. The majority of the 'shareholder loan' at Arsenal is to do with the paying off of the Emirates. Instead of owing the banks what we owed them at the time (which was £144m to be paid off by 2031), we now owe Stan Kroenke that figure instead (plus another £40m because he paid off the stadium early early, like a mortgage there was an early repayment charge). This happened in 2020 when interest rates were at an incredible low. 0.1%....It was at this time that Kroenke also injected funds to help the club through the covid pandemic. So any retrospective action or assessment of our interest rate with Kroenke to make sure FMV was adhered to will be welcomed because according to those close to the club, we're paying more than 0.1% interest back to Kroenke Just wanted to clear that up as I don't want an incorrect narrative to be formed around Arsenal. Kroenke has not been pumping in money on a regular basis to help us in the transfer market. It's all to do with the covid pandemic and the stadium debt. Now, don't get me wrong, I'm not here to say that we're not gaining an 'advantage' from Kroenke doing this. Him paying off that debt with the banks allowed us to exit from the arrangement we had with them which meant we had to keep £35m cash in the bank at all times in case we couldn't make a payment. And obviously not sticking to what we had to pay every year too. I believe our rate with the bank at the time was between 5-6%. Having remortgaged my house last year, I know what a difference moving from 2% to 5% can have on your repayments so I can only imagine what kind of easing took place when Kroenke decided to pay off the stadium debt and have the club pay him back instead (at a rate significantly lower than the 5-6% that was agreed with the banks back in 2002!) Not having to keep cash in hand and having millions more available to you a year is the result of Kroenke's 'shareholder loan'. If people think we've gained an unfair advantage there, so be it. I won't argue with you. I think the best way summaise it is Kroenke isn't giving Arsenal money every year, he's just allowed the club to keep more of the money it's generated for itself.
I see city are writing to all the clubs claiming a totally different outcome to the one delivered. Despite thr earlier rules being held up city wins to now say no rules are legal which of course is a delaying tactic to prevent any rules at all being brought in
So essentially APT & by extension PSR rules have been backed up by this process, so their existence has been strengthened. City have had some agreement on a couple of aspects of vaguery, which is probably a good thing they'll get cleared up. They also lost more heavily, particularly on nonsense claims like suggesting discrimination towards people from gulf states. This won't have an impact on the other outstanding case. Really, if the clubs could, in essence, stop spending so much time & money on taking each other to court (as the Premier League member clubs are the shareholders, and make the rules), and more on legally stress testing the rules they introduce via majority decisions, all this nonsense could be avoided.
