ICYMI

stefanborson.substack.com/p/what-700m-... The players are rested - some of PSG’s Portuguese players even had a lie-in on Monday - and the long two week wait for club football to return is almost over.

With news in the Times that UEFA is set to announce the terms of settlements with various clubs in the next 2 weeks, here is my deep dive on it from April ICYMI stefanborson.substack.com/p/explained-...

EXPLAINED: The new Premier League broadcast deal open.substack.com/pub/stefanbo...

REVEALED: The clubs at risk of 24/25 PSR and UEFA FFP issues open.substack.com/pub/stefanbo...

REVEALED: The clubs at risk of 24/25 PSR and UEFA FFP issues open.substack.com/pub/stefanbo...

EXPLAINED: Why the Premier League shouldn't risk an APT2 gamble open.substack.com/pub/stefanbo...

EXPLAINED: Chelsea and Villa's UEFA FFP breaches open.substack.com/pub/stefanbo...

EXPLAINED: Chelsea and Villa's UEFA FFP breaches open.substack.com/pub/stefanbo...

Years before PSR ever existed, a London arbitration centre hosted the biggest Premier League litigation battle - Sheffield United v West Ham. stefanborson.substack.com/p/revealed-w... Here is a 2 parter deep dive...

A new weekend long read... EXPLAINED: How Chelsea finally killed PSR open.substack.com/pub/stefanbo...

A new weekend long read... EXPLAINED: How Chelsea finally killed PSR open.substack.com/pub/stefanbo...

EXPLAINED: Why the Premier League shouldn't risk an APT2 gamble open.substack.com/pub/stefanbo...

EXPLAINED: The Premier League's huge legal bills are growing much faster than revenue open.substack.com/pub/stefanbo...

TWIB: How Newcastle's owner could subsidise Chelsea and City for 2 financial years stefanborson.substack.com/p/twib-how-n...

Years before PSR ever existed, a London arbitration centre hosted the biggest Premier League litigation battle - Sheffield United v West Ham. stefanborson.substack.com/p/revealed-w... Here is a 2 parter deep dive...

United We Stand...for dubious economics New Old Trafford's £7.3bn Fantasy Football-land report stefanborson.substack.com/p/united-we-...

⚖️EXPLAINED: Burnley v Everton to be played at the International Dispute Resolution Centre, London (TBC, 2025) stefanborson.substack.com/p/explained-...

ICYMI EXPLAINED: How Manchester United might use Real Madrid's playbook to fund its massive stadium build open.substack.com/pub/stefanbo...

🏟️ EXPLAINED: How Manchester United might use Real Madrid's playbook to fund its massive stadium build open.substack.com/pub/stefanbo...

💹 🤓EXPLAINED: How UEFA's European Club Finance and Investment Landscape report shows what clubs report to UEFA about their wider activities beyond the published club accounts

⚖️ EXPLAINED: Why the Premier League might lose APT 2 and why (commercially) it shouldn't let it go ahead

⚖️ It's hard to see how the Premier League are not at serious risk of the shareholder loan provisions in the Nov 2024 rules also being declared unlawful.

⚖️EXPLAINED: Who can make a claim from the Premier League due to the APT finding? 🧨 1️⃣ Background • The Premier League (PL) introduced Associated Party Transaction (APT) Rules in December 2021 to regulate sponsorship deals involving club-linked entities.

⚖️EXPLAINED: How City Football Group was compelled to mediate a recent commercial dispute with Superdry...and how it worked.

⚖️ EXPLAINED: City's 24/25 extension with Etihad must have been approved by the Premier League as fair market value One of the things misunderstood about City's APT challenge is that, in the meantime, the Premier League has not stopped the club renewing with Etihad.

EXPLAINED: Etihad appear to be launching a local IPO (public listing/a float) imminently. Does this infer they are not expecting an adverse verdict on City's 115?

⚖️ EXPLAINED: Manchester City v Premier League: APT Round 2 (or 3 or 4!) 1️⃣ Another Day, another case City have launched a new arbitration case against the Premier League over the amended Associated Party Transaction (APT) rules, arguing they are "unlawful and void."

Suspect City v PL APT 2 is purely because the follow on arbitration panel from City v PL APT 1 indicated it did not have jurisdiction to consider the question of whether the November amendments were lawful ie that it needed a fresh case.

⚖️EXPLAINED: How Premier League Squad Cost Control and Anchoring may work The Premier League is set to introduce Squad Cost Control to replace PSR (Profit & Sustainability Rules). But how will it work?

City in touch with Viana, United have Amorim, Portuguese Winter signings some of the most successful around, teams desperate for signings, yet barely a single move out of Liga Portugal in the window 🤷‍♂️

The biggest football clubs in the world are now internationally owned and have meaningful retail, hospitality, property and media businesses in sizeable, complex groups often with MCO sister clubs.

The PL's Arbitral Tribunal has been asked questions that are clearly relevant to the rules going forward. Even on City’s case it is not true that “no financial rules” are in place in the interim - both PSR (currently ex shareholder loan interest adjustments) and related party rules *are* in place.

⚖️Some observations on the latest exchanges on APT by City and the Premier League:

⚖️ City v Premier League - the 22 November crunch Like it or not, the realpolitik of dealing with the outcome of the APT required ensuring City would not object to the proposed fixes. Leaking of their position was inevitable.

⚖️Some observations on the latest exchanges on APT by City and the Premier League: x.com/slbsn/status... Yeah, not sure this is going to work all that well 😐