The shadow looms large over Premier League football at the moment.
05.06.2024 - 16:09 / manchestereveningnews.co.uk
While the issue of the 115 charges against Manchester City, brought by the Premier League, looms large, the two will face off before the independent commission later this year.
On Tuesday it was revealed, as first reported by the Times, that Manchester City were launching legal action against the Premier League over its recently passed associated party transaction (APT) that gained the approval of the 14 majority needed to bring it into competition law.
City, recently crowned champions for a fourth time in a row and the sixth time in seven years, will face off in an arbitration hearing between June 10 and 21, with the club believing that the APT rules passed in February are unlawful.
What are Manchester City unhappy about?
When Newcastle United were acquired by the Saudi Arabian Public Investment Fund (PIF) back in late 2021, by December of that year new rules around APT had been voted on by clubs.
Those APT rules were introduced in an attempt to stop any plans to accelerate the growth of Newcastle’s commercial revenue by them leaning on simpatico relationships with big businesses that they had in the Middle East.
As part of these rules, any deal with an associated party, a company which is also under the ownership or has close links with club ownership, had to prove that the deal was of ‘fair market value’.
In February a vote was taken at a shareholder meeting to tighten the restrictions around APT rules, something which the Premier League revealed at the time had prompted one club to threaten legal action.
Manchester City have now followed through with that threat and are taking action against the Premier League.
Will this impact the 115 charges that Manchester City are facing?
The two issues are separate, and
The shadow looms large over Premier League football at the moment.
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