LondonBlue

it means you can clock off early and go to the pub i think

the full wording - https://www.premierleague.com/news/4172030 At a Premier League Shareholders’ meeting today, clubs approved changes to the League’s Associated Party Transaction (APT) rules At a Premier League Shareholders’ meeting today, clubs approved changes to the League’s Associated Party Transaction (APT) rules. The amendments to the rules address the findings of an Arbitration Tribunal following a legal challenge by Manchester City to the APT system earlier this year.   The Premier League has conducted a detailed consultation with clubs - informed by multiple opinions from expert, independent Leading Counsel - to draft rule changes that address amendments required to the system. This relates to integrating the assessment of Shareholder loans, the removal of some of the amendments made to APT rules earlier this year, and changes to the process by which relevant information from the League’s "databank" is shared with a club’s advisors. The purpose of the APT rules is to ensure clubs are not able to benefit from commercial deals or reductions in costs that are not at Fair Market Value (FMV) by virtue of relationships with Associated Parties. These rules were introduced to provide a robust mechanism to safeguard the financial stability, integrity and competitive balance of the League. Shareholder Loans - The new rules seek to ensure that there is appropriate parity between the treatment of shareholder loans and other APTs going forward, with transitional rules clarifying the treatment of existing shareholder loans within that framework. - Shareholder loans entered into after 22 November 2024 will be required to be submitted as an APT and subject to an FMV assessment. If the Premier League Board determines the loan to evidently not be at FMV, the club in question shall be required to terminate or vary the loan to reflect FMV and pay any identified shortfall in interest. - Any Shareholder loan that was entered into before 22 November 2024 and which is replaced with other forms of financing (e.g. by way of conversion to equity or repayment) within 50 days (i.e. by 11 January 2025) will not be required to be submitted as an APT or assessed for FMV. - Any Shareholder loan that was entered into after 14 December 2021 but before 22 November 2024 and remaining in effect on 11 January 2025 must be submitted as an APT. If the Premier League Board determines the loan is evidently not at FMV,  the club is permitted to retain the Shareholder loan on its existing terms, though adjustments must be made to its Annual Accounts for 2024/25 onwards as if, from 22 November 2024, the loan was at FMV. - Any Shareholder loan that was entered into prior to 14 December 2021 and remaining in effect on 11 January 2025 must be submitted as an APT and be subject to an FMV Assessment upon any drawdown taking place after the 22 November 2024. If the Premier League Board determines the loan is evidently not at FMV,  the club is permitted to retain the Shareholder loan on its existing terms, though adjustments must be made to its Annual Accounts for 2024/25 onwards as if any drawdowns made after 22 November 2024 were at FMV.

the historic shareholder loans stuff feels way to complex for a satisfactory resolution all round. and i agree it was unfair. but pointing the brakes on this happening again seems like a win to me. I bow down to Stefan's knowledge in all this, as posted above. He might not be 100% correct but he'll be a damn sight closer than most of us.

response from @slbsn

so if no future loans can be at 0% and must be at an agreed rate then thats a win, just not as big a win as we'd have liked.

shareholder loans are the ultimate APT transaction. never quite understood why our owners don't loan us £10b interest free given that's what everyone else does.

Actually both sides will have to accept the tribunal findings, whenever they come out, and if necessary accept and implement them and then possibly even have another vote.

you need new and creative ways of making money Next up for us is kids tv. possibly a brilliant idea. Bands have done it and got burnt into our memories, like the Beatles cartoon and the Monkeys tv show. Why not football clubs? Pep cartoon would have a big cigar (if thats allowed) Haaland's would be easy. Rico Lewis cartoon would be like the hair bear bunch.

I hope City wait on the outcome of the Tribunal before deciding on any course of action. We should take our own advice or we look dumb.

welcome to the Rebel Alliance

City Villa Newcastle Forest Clubs who voted against. (Ben Rumsby, telegraph).

Of course the new rules might be golden but it just seems silly when the outcome of the tribunal is due

"IF" the rules are still unlawful then is this a case of the tyranny of the majority

The Premier League shareholders meeting in London started at 9AM and an outcome on the vote communicated at 9:24AM with the result being 16 clubs in favour, and four against.

the new rules have been voted through

if this vote doesn't go City's way, and you'd expect the premier league not to hold the vote if they didn't think they have 14 in the bag, then i'd expect City to immediately take it to a new tribunal (assuming the "unlawful" aspects are still present). if that happens and City win again then the premier league will look very very bad. everton should vote with us but they might not be able to given the whole shareholder loans aspect. i worry about what happens if City lose and the american owned clubs grow in number actually nah i don't do worry, i'll always have Agueroooooooooo

or do a chelsea and build a hotel and sell it to yourselves oh don't know if it's connected but our new stand will have a hotel attached 😏

ah yes. beggars belief that they're looking to bring in amended rules just before the tribunal outcome is announced. i suspect they'll get voted in and city will look at it carefully then restart court proceedings.

we all thought hugo vianas arrival as director of football meant that amorim was to follow. well that ain't happening. although it would be funny if it did.

i didn't mean with respect to bruno. what i meant was, no city fans really know who viana is (obviously some pretend to) so the targets we all thought city had are probably further from the mark than normal.

don't think city will make any moves on bruno. they would have done it in the summer if they were interested. i don't think city were ever interested. great player though. whether january or summer we seem to be linked with zubimendi, ederson (of atalanta), wirtz, musiala the arrival of hugo viana may shake that up though. echeverri arrives from river plate in january

i see you guys are having the twitter to bluesky discussions too. same going on on bluemoon don't think anybody wants to go to bluesky its just nobody wants to stay on twitter so its happening my experience is that bluesky is really quiet and behind everything else with news i do quite like the starter pack concept and the lack of adds, but now i'm on there i can ignore it.

maybe it's an age thing but i find myself confused by a big white rectangle

Confused, did your grandfather fight in WW2 or didn't he?

this APT stuff confuses me. if you or i sign a contract and one clause is incorrect i thought it invalidated the entire contract, not just that clause. i don't know. so if, as has been shown to be the case, a clause in the apt rules is incorrect, shouldn't that invalidate the apt rules? i don't know. i suspect not as the media tell us the PL won the case. anyway city were refused 2 deals by PL under APT rules. city take it to tribunal. tribunal say some rules are unlawful. city given permission to seek compensation i don't get how the PL could have won this case yet the loser is allowed to seek compensation. maybe there's a little spin in play. on all sides. it won't happen but i would love city to get compensation and then donate the award to local grass roots football.