Application of the Rules to Manchester City transactions
The Tribunal was asked by Manchester City to consider decisions taken by the League in respect of the FMV of two of its commercial transactions where the Board, after conducting the assessment required by the APT Rules, had found those deals to be evidently not at FMV.
The Tribunal dismissed the majority of Manchester City’s challenges in this respect. In doing so, it recognised that the Premier League Board had assessed these transactions carefully and conscientiously and applied the correct legal test.
The Tribunal also concluded that the Board’s FMV Assessments of those transactions were not unreasonable. Nonetheless, from a procedural perspective, it identified certain information that should have been provided to Manchester City at an earlier stage of the assessment process. Manchester City has already been provided with this information in respect of these transactions and has been invited to make further submissions in relation to it. Although the Tribunal noted that these FMV Assessments should have been conducted more speedily, it recognised that the delays had been due to a number of constraints which the League’s Regulatory team and the independent FMV assessor were working under and have been resolved.
Reads like someone not wanting to avoid the real issues. PL got slapped up.
>it identified certain information that should have been provided to Manchester City at an earlier stage
Does this mean we can fine the league for not cooperating?
It highlights a completely dysfunctional relationship between City and the PL. I doubt this will get better soon
Both sides going back to their corners and publishing a “we won” statement. Still feel this will be better for city than the league in the long run.
The tone of both statements is quite interesting.
God it’s like watching my parents argue through their divorce…
Whether it’s a loss or a win, it opens up the premier league to criticism and a genuine argument for independent regulation.
8 comments
Application of the Rules to Manchester City transactions
The Tribunal was asked by Manchester City to consider decisions taken by the League in respect of the FMV of two of its commercial transactions where the Board, after conducting the assessment required by the APT Rules, had found those deals to be evidently not at FMV.
The Tribunal dismissed the majority of Manchester City’s challenges in this respect. In doing so, it recognised that the Premier League Board had assessed these transactions carefully and conscientiously and applied the correct legal test.
The Tribunal also concluded that the Board’s FMV Assessments of those transactions were not unreasonable. Nonetheless, from a procedural perspective, it identified certain information that should have been provided to Manchester City at an earlier stage of the assessment process. Manchester City has already been provided with this information in respect of these transactions and has been invited to make further submissions in relation to it. Although the Tribunal noted that these FMV Assessments should have been conducted more speedily, it recognised that the delays had been due to a number of constraints which the League’s Regulatory team and the independent FMV assessor were working under and have been resolved.
Reads like someone not wanting to avoid the real issues. PL got slapped up.
>it identified certain information that should have been provided to Manchester City at an earlier stage
Does this mean we can fine the league for not cooperating?
It highlights a completely dysfunctional relationship between City and the PL. I doubt this will get better soon
Both sides going back to their corners and publishing a “we won” statement. Still feel this will be better for city than the league in the long run.
The tone of both statements is quite interesting.
God it’s like watching my parents argue through their divorce…
Whether it’s a loss or a win, it opens up the premier league to criticism and a genuine argument for independent regulation.