villa turning into horrible cunts.
Aston Villa owner plots legal action against Premier LeagueJune 08 2024, 6.00pm BSTThe Premier League is facing the threat of another legal challenge after Aston Villa’s owner Nassef Sawiris revealed that he was contemplating a formal complaint against its Profitability and Sustainability Rules.Sawiris, Egypt’s richest man, told the Financial Times that he believes the Premier League’s rules are “anti-competitive” and that he is seeking legal advice about whether to mount a challenge.
The Premier League is involved in an arbitration hearing this week after Manchester City brought a legal challengeagainst its rules around Associated Party Transactions.
The outcome of that case is seen by some other top-flight clubs as being hugely important for the future of the league, as it could affect the size of sponsorship deals agreed with associated companies.Villa have sided with City, owned by Abu Dhabi’s vice-president Sheikh Mansour, in Premier League votes around financial rules in the past six months.
Sawiris, who announced plans in December to “redomicile” his NNS Group from London to Abu Dhabi Global Market’s international finance centre, said: “Some of the rules have actually resulted in cementing the status quo more than creating upward mobility and fluidity in the sport. The rules do not make sense and are not good for football.
“Managing a sports team has become more like being a treasurer or a bean counter rather than looking at what your team needs. It’s more about creating paper profits, not real profits. It becomes a financial game, not a sporting game.”
He added that the sanctions for PSR breaches appeared “opaque and seemingly arbitrary”.
Villa failed last week in an attempt to increase the Premier League’s maximum permitted losses over three years from £105million to £135million. The club have previously insisted that they are operating within the PSR limit despite announcing a £119.6million loss for last season, and the seventh-highest wage bill in the Premier League.
Leicester City have also threatened legal action against the Premier League over a possible PSR breach, and the legal costs of implementing the rules have spiralled.
The Times revealed this week that Premier League spent about £28million on legal costs in actions involving PSR cases against Everton and Nottingham Forest, as well as City’s 115 charges and the associated party arbitration.
It is also investigating Chelsea over payments made during Roman Abramovich’s ownership and has yet to approve a move by the London club to sell two hotels to a company.