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Manchester City has accused the Premier League Revised Associated Party Transaction (APT) rules that have taken advantage of an unlawned loan from their owners, named Arsenal as one of the four teams to gain inappropriate benefits.
It Proper rules of Premier League Any business deals between the club and the “Associated Party” were released in 2021 to ensure that the “Fair Market Value” was carried out. The City took the top flight to England in June 2024 after a company with links to the city’s Abu Dhabi -based owners, twice blocked by completing a comprehensive sponsor agreement with Etihad.
The initial judgment from one side Independent tribunal It was found that there was a little truth for the city’s argument but the Premier League made their judgment nothing but the need to shock the “small number of independent elements”. Premier League Clubs voted By these revised rules a little more than 30 minutes last November.
The final decision of the tribunal announced as the original APT rules “Void and enforceable” In February, which represents a huge legal victory for the city. Serial Champions pointed out in a statement issued Daily mail And Time On Friday: “This void means that the reforms themselves are void, because it is not legally possible to amend the rules that void themselves.”
The main point of the city’s argument against the APT rules is the fact that the shareholder loan is not subject to the same verification of other commercial deals. This general practice, in which a wealthy owner usually saw his own club lending millions of pounds to negligible interest rates, helped to avoid recording damage to many clubs, otherwise the Premier League would have broken the strict profits and durability rules (PSR).
The reforms made by the Premier League Clubs in November were given this mild outlook of favorable inter-club transactions. Teams were given 50 days to convert shareholder loans to equity costs. The city is also not affected by this settlement.
The club claims that existing APT rules “fail to meet transparency, objection, precision and proportion requirements … and are responsible for distorting the competition”.
Arsenal, Brighton, Everton and Leicester City have been named as clubs by Manchester City, which has taken unjust benefit from shareholder investment. The Premier League Champions have proceeded to list how much the bank had done by this form of this financing – it was perfectly corresponding to the existing rules at the time.
|
Club (Season) |
A loan of a shareholder |
|---|---|
|
Arsenal (2022/23) |
9 259m |
|
Brighton (2021/22) |
6 406.5M |
|
Everton (2022/23) |
50 450m |
|
Leicester (2021/22) |
5 265 m |
City argues that all clubs should return to existing practices before any APT rules were introduced in 2021 when new rules have been prepared.
This ongoing quarrel is completely different 130 financial breaches Has been charged by the Premier League. However, the costs of Legals taken by the top flight of England while fighting this proper war are only consumed in the budget available for future court cases.
