Articles for Shareholder Loans

In a blow to Man City, Premier League clubs approve changes to sponsorship rules
4 months ago

In a blow to Man City, Premier League clubs approve changes to sponsorship rules

The Hindu  

Premier League clubs approved changes to the league’s Associated Party Transaction rules, the English top-flight competition said on Friday, in a blow to reigning champion Manchester City which did not want the rules to be changed. The Premier League said in a statement that the rule changes addressed findings by an arbitration panel last month following a legal challenge brought …

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Explained: The latest vote in Manchester City’s APT legal battle with the Premier League
4 months, 1 week ago

Explained: The latest vote in Manchester City’s APT legal battle with the Premier League

New York Times  

Manchester City and the Premier League will resume their legal battle on Friday — but, well, has it ever really stopped? City’s sponsorship network has historically been tied to figures who sit on the board of the City Football Group, meaning that APT rules affect them much more than other Premier League clubs. Judging by the tone of the interactions …

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Manchester City vs the Premier League: Who do lawyers think won the APT case?
5 months, 1 week ago

Manchester City vs the Premier League: Who do lawyers think won the APT case?

New York Times  

When Michael Gove said “the people of this country have had enough of experts” before the 2016 United Kingdom Brexit referendum, the government minister was tapping into a long history of anti-intellectualism in British politics. Our four very distinguished lawyers, answering questions individually rather than as part of a panel, are: Simon Leaf, partner at Mishcon de Reya, whose team …

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Man City and Premier League’s legal battle leaves alarming threat to ‘half the clubs’
5 months, 2 weeks ago

Man City and Premier League’s legal battle leaves alarming threat to ‘half the clubs’

The Independent  

Sign up to Miguel Delaney’s Reading the Game newsletter sent straight to your inbox for free Sign up to Miguel’s Delaney’s free weekly newsletter Sign up to Miguel’s Delaney’s free weekly newsletter SIGN UP I would like to be emailed about offers, events and updates from The Independent. It was this that led the Premier League to state “the tribunal …

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How Arsenal, Liverpool and Man United's plot to take down Man City spectacularly backfired and now puts THEM in the crosshairs, reveals MIKE KEEGAN
5 months, 3 weeks ago

How Arsenal, Liverpool and Man United's plot to take down Man City spectacularly backfired and now puts THEM in the crosshairs, reveals MIKE KEEGAN

Daily Mail  

When Arsenal executive Tim Lewis slipped out of the directors’ box and avoided handshakes at the Etihad Stadium after John Stones’s injury-time equaliser robbed his side of a vital three points, he may well have been cursing Manchester City under his breath. On Monday, the results of City’s legal challenge to the Premier League’s Associated Party Transaction rules landed in …

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Manchester City vs the Premier League: The APT verdict (briefly) explained
5 months, 3 weeks ago

Manchester City vs the Premier League: The APT verdict (briefly) explained

New York Times  

We have a resolution — of sorts. City’s sponsorship network has historically been tied to figures who sit on the board of the City Football Group, meaning that APT rules affect them much more than other Premier League clubs. For example, while City released a statement containing eight bullet points, each purporting to be a major win, the Premier League …

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How Everton could yet prove an attractive buy despite nearly £1bn of debt
10 months, 2 weeks ago

How Everton could yet prove an attractive buy despite nearly £1bn of debt

The Telegraph  

With outstanding debt and other loans now soaring beyond £1 billion, the sale of Everton comes with a health warning for potential buyers. As Telegraph Sport crunches the eye-watering bills involved, experts maintain the eventual new owner, after short-term pain, may yet net a “fantastic deal for themselves”: ‌What is Everton worth? Although the last available accounts calculated official debt …

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Guo Wengui's company on trial for fraudulently obtaining loans
7 years, 8 months ago

Guo Wengui's company on trial for fraudulently obtaining loans

China Daily  

KAIFENG, Henan -- A trial opened Wednesday in Central China's Henan province on the suspected crimes of Henan Yuda Real Estate Company and three of its employees. The "actual controlling shareholder" of the company, Guo Wengui, fled China under suspicion of multiple crimes in August 2014 and is currently listed under an Interpol "red notice" for wanted fugitives. The procuratorate …

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