Tue. Jun 25th, 2024

BREAKING: Man City 'launch legal action' against Premier League over financial rules

By Online Filmek Jun6,2024
BREAKING: Man City 'launch legal action' against Premier League over financial rules

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Manchester City are taking legal action against the Premier League, The Times has exclusively revealed.

The newspaper reports that City are attempting to end the Premier League's Associated Party Transaction (APT) rules.

Those rules regard commercial and sponsorship deals with companies owned or associated with the same club's owners.

As things stand, those rules dictate such transactions have to be independently assessed to be of fair market value.

The Times reports that City believe the rules are "unlawful" and they want to seek damages for revenue lost by preventions made by those rules.

The newspaper's reporter, Matt Lawton, quotes a 165-page legal document in which City argue they are the victims of "discrimination".

The rule was brought in in December 2021 as Newcastle was bought by the Saudi Arabian Public Investment Fund.

The legal dispute will be settled during a two-week arbitration hearing beginning on Monday June 10.

Sky Sports News has contacted the Premier League and Manchester City for comment.

More to follow…

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