Sports specialist Richard Cramer speaks to Dan Roan of BBC Sports about the Manchester City. Read the original article here: https://www.bbc.co.uk/sport/football/articles/cy859l0xw89o
Richard’s thoughts in summary:
“Clearly Manchester City and the Premier League have been at odds for several years. There is still ongoing litigation/arbitration in relation to breaches of the PSR regulations.
The latest settlement in relation to the dispute on associated party transactions is likely to have been settled at a confidential, behind closed doors mediation. I suspect somebody is trying to broker a peace deal behind the scenes.
The settlement terms will remain confidential, but I would imagine both parties will have been concerned about a major loss and the impact that would have on both organisations.
The compromise means neither party is a winner or a loser, but ultimately one would imagine Manchester City have come out with a good result in the sense that they can now push forward and close off some sponsorship deals at a higher value than perhaps the Premier League would previously have allowed. It does mean there is a likelihood Manchester City will be able to spend more money.
The settlement probably means a better working relationship and maybe this is an indication that the Premier League and the other clubs have decided enough is enough – it’s not a good optic for the clubs to be fighting and at loggerheads with the governing body.
One of the biggest concerns for the Premier League is the vast expense on legal fees in relation to these ongoing arbitrations. The funding of these disputes has gotten completely out of control and is a big drain on resources from both a management point of view and of course eating into cash reserves. Manchester City have untold wealth behind them to continue with these disputes but even they may have reached the point of deciding that it’s not good for the sport and if they are going to be faced with punishment for breaching financial fair play rules they need to adopt a more conciliatory approach with the Premier League and maybe eat some humble pie”.
Richard’s comments
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