Stefan Borson: Newcastle face devastating blow after Man City update
Newcastle United are unlikely to benefit much if Manchester City have only received a concession over the databank in their associated party transactions (APT) case.... The post Stefan Borson: Newcastle face devastating blow after Man City update appeared first on Football Insider.
Newcastle United are unlikely to benefit much if Manchester City have only received a concession over the databank in their associated party transactions (APT) case.
That is the view of former Man City financial adviser Stefan Borson, who exclusively told Football Insider a minor victory for the English champions against the Premier League wouldn’t move the dial significantly for Newcastle.
Man City have taken legal action against the governing body regarding the APT rules currently in place, with the club claiming the regulations are “unlawful”.
After a two-week private arbitration hearing took place in June, The Times reported on 26 September the lawyers acting on behalf of both parties have been notified of the independent panel’s decision.
The newspaper claimed Man City appear to have scored a significant victory in the case after a vote on an amendment to the APT system was dropped from the latest top-flight meeting.
The scheduled vote at the shareholders’ meeting was due to be held on the databank, which the Premier League board uses to assess fair market value in commercial deals under the APT rules.
Newcastle unlikely to receive boost after Man City verdict
“It doesn’t look like City have prevailed in the way that would be particularly useful to Newcastle,” Borson told Football Insider.
“If City have only managed to get a concession in respect of the databank, I don’t think that’s going to move the dial where Newcastle are concerned.
“Around the edges, it might help them on some commercial deals, maybe it helps get somebody over the line for the training ground or something of that nature.
“But I don’t think it’s going to move the dial materially, so it’s not ideal for Newcastle.”
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The post Stefan Borson: Newcastle face devastating blow after Man City update appeared first on Football Insider.
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