Premier League rule amendment vote to go ahead on Friday Sport Business The Premier League will defy Manchester City and Aston Villa by going ahead with a vote on contentious associated party transaction (APT) rules on Friday. The rules – aimed at preventing sister companies from propping up clubs through inflated deals – are set to be changed after a challenge brought by City resulted in aspects [...]
Premier League clubs to discuss rule changes after City legal challenge Sport Business Premier League clubs will meet today to discuss changes to the top flight’s financial rules in the wake of a legal challenge by Manchester City. Clubs will consider how to include shareholder loans within the league’s associated party transaction (APT) rules, after an arbitration panel said the rules breached competition law because they excluded such [...]
How Manchester City made shareholder loans the Premier League’s new battleground Sport Amid the claims and counter-claims that spewed forth after Manchester City’s legal challenge to the Premier League’s associated party transaction rules, one fact was undeniable: shareholder loans have now joined APT, PSR and FFP in the lexicon of football fans. City’s lawyers argued that if their sponsorship deals with Abu Dhabi entities such as Etihad [...]
Manchester City say Premier League rule is now void. Lawyers disagree October 8, 2024 Lawyers have shot down claims by Manchester City that the Premier League’s associated party transaction (APT) rules should be considered “void” following the club’s partially successful legal challenge. In a letter to the other 19 top-flight clubs, Manchester City general counsel Simon Cliff said APT rules – designed to prevent clubs benefiting from artificially inflated [...]
Manchester City defeat Premier League over financial rules October 7, 2024 The Premier League has suffered another blow to its regulatory powers after Manchester City partially won a challenge to rules on associated party transactions (APT). An independent arbitration panel agreed with the current champions that some elements of the APT rules did not comply with competition and public law requirements, and that clubs should be [...]