The Great Big FFP Debate

[Bigpig]

The clubs would have been Everton and Wolves since they needed the vote to go through to not have the FMV on shareholder loans gets backdated.

So they have reversed all the amendments made to Sponsorship deals to the 2021 rules.

There’s also a bigger scope for larger deals due to the wording.

Looks like a short term fix until the previous case is clarified.

 

[BaZ87]

The clubs would have been Everton and Wolves since they needed the vote to go through to not have the FMV on shareholder loans gets backdated.

So they have reversed all the amendments made to Sponsorship deals to the 2021 rules.

There’s also a bigger scope for larger deals due to the wording.

Looks like a short term fix until the previous case is clarified.

I know Everton and Wolves have voted in favour now (only Newcastle, City, Villa and Forest voted against by all accounts), I was questioning whether it was Wolves or Chelsea (I know Everton did) that voted against previously. 6 voted against last time and 5 were City, Newcastle, Forest, Sheffield Utd & Everton - I can't recall who the 6th was.

This vote not going through wouldn't have resulted in FMV interest being charged on historic shareholder loans though - I've seen a few journalists tweet things that have implied this but it's simply not true. For that to have been implemented then a completely new set of rules stating that would have needed to be voted on. A vote implementing that would almost certainly not have passed. This change provides Everton (I'm not sure Wolves had much issues given they converted their debt equity in 2022) with certainty though but I suspect their change in stance is more linked to their change of ownership.

And they've not simply reversed the amendments either, they've been reworded and softened though however as mentioned previously in this thread, the City deals that the PL rejected (that made up part of City's legal action) were rejected under the far friendlier 2021 rules. Anybody believing this makes inflated APT deals easy to pass is severely mistaken. After all if that was the case (with shareholders loans being the only tangible change) then why aren't City & Newcastle voting in favour?