Friday, November 22, 2024

Man City: Premier League clubs approve changes to Associated Party Transaction rules despite legal challenge

Must read

Premier League clubs have approved changes to the competition’s Associated Party Transaction (APT) rules despite the challenge of Manchester City.

Both sides claimed victory last month after an arbitration panel found that some elements of the league’s APT rules were unlawful.

But the Premier League has secured the votes it needed from member clubs – at least 14 – to pass the amendments with 16 voting in favour and four voting against.

Aston Villa said they would back City, while Arsenal, Bournemouth, Brentford, Fulham, Liverpool, Manchester United, West Ham and Wolves supported the league with evidence during the summer’s arbitration.

What are the Associated Party Transaction rules?

  • The Premier League’s rules require any club, its players, manager or any ‘senior official’ to run dealings with ‘associated parties’ past them.
  • ‘Associated parties’ are companies or people who have a significant interest in the relevant club, financially or otherwise.
  • The Premier League’s board then reviews each transaction, to assess whether it believes they represent a fair market value.
  • The league says the rule helps to build “fairness” across the division, by ending a “reliance on enhanced commercial revenues linked to the club’s ownership”.

The Premier League asked clubs to vote on changes it believes will make the rules lawful and compliant with UK competition law.

Man City’s general counsel Simon Cliff wrote to the FA and the 19 other clubs warning them against voting for amendments which “entail material legal risk”.

More to follow…

This is a breaking news story that is being updated and more details will be published shortly. Please refresh this page for the latest updates.

Sky Sports brings you live updates as they happen. Get breaking sports news, analysis, exclusive interviews, replays and highlights.

Sky Sports is your trusted source for breaking sports news headlines and live updates. Watch live coverage of your favourite sports: Football, F1, Boxing, Cricket, Golf, Tennis, Rugby League, Rugby Union, NFL, NBA, Darts, Netball and get the latest transfers news, results, scores and more.

Visit skysports.com or the Sky Sports App for all the breaking sports news headlines. You can receive push notifications from the Sky Sports app for the latest news from your favourite sports and you can also follow @SkySportsNews on Twitter to get the latest updates.

Latest article