City, Premier League Each Claim Victory After Tribunal Verdict
Posted: Mon Oct 7, 2024 4:08 pm
Manchester City have claimed victory in their legal dispute over the Premier League’s associated party transaction (APT) regulations, after a tribunal found aspects of the rules to be unlawful.
The clearest victory for City came in a challenge to the Premier League rulebook that said loans from club shareholders did not have to undergo tests to see if they were of fair market value, ie at or close to market rates.
The Premier League said in essence the verdict had been a victory for it, because it “upheld the need for the APT system as a whole and rejected the majority of Manchester City’s challenges”. The league said it planned to “quickly and effectively” adjust its rulebook in discussion with its shareholder clubs.