[ Mike Keegan ] Premier League set to call emergency meeting of clubs next week to discuss ramifications/what next.
October 7, 2024
[ Mike Keegan ] Premier League set to call emergency meeting of clubs next week to discuss ramifications/what next.
by heidenreich137
7 comments
They’re calling a sitdown
The game isn’t trying to be changed for the better here.
This doesn’t end for the betterment of anything. Anyone who thinks otherwise knows their club will exploit these changes or is being willingly ignorant.
How much did this guy get paid by city?
Why when they lost nearly all their appeals?
There’s a ton of speculation right now but it seems one of the issues that lead to this ruling is that, while the PL purports to regulate associated party transactions, and requires them to be priced at FMV, it allows below-market loans from owners to their clubs. For example, I believe Roman A. loaned over 1bln euros to Chelsea over 20 years at no interest with essentially no re-payment terms. He ended up writing all of that off, so it was like a gift in the end. I’d like to read the ruling, but this does make sense to me. For example, related party transactions (transfer pricing) are a big part of international tax law. Its not considered all that difficult to determine a range of reasonable FMV, but there are disputes from time to time. However, my understanding is that a below market loan from one related company to another would be treated the same as a marketing deal or an asset transfer.
Yeah I call BS lol. Only like 4-5 clubs are affected. Same guy who said “huge win for City”. Just making this out to be a big deal for City
7 comments
They’re calling a sitdown
The game isn’t trying to be changed for the better here.
This doesn’t end for the betterment of anything. Anyone who thinks otherwise knows their club will exploit these changes or is being willingly ignorant.
How much did this guy get paid by city?
Why when they lost nearly all their appeals?
There’s a ton of speculation right now but it seems one of the issues that lead to this ruling is that, while the PL purports to regulate associated party transactions, and requires them to be priced at FMV, it allows below-market loans from owners to their clubs. For example, I believe Roman A. loaned over 1bln euros to Chelsea over 20 years at no interest with essentially no re-payment terms. He ended up writing all of that off, so it was like a gift in the end. I’d like to read the ruling, but this does make sense to me. For example, related party transactions (transfer pricing) are a big part of international tax law. Its not considered all that difficult to determine a range of reasonable FMV, but there are disputes from time to time. However, my understanding is that a below market loan from one related company to another would be treated the same as a marketing deal or an asset transfer.
Yeah I call BS lol. Only like 4-5 clubs are affected. Same guy who said “huge win for City”. Just making this out to be a big deal for City
What’s next? 10 points off Everton