Manchester City has taken the next step in their latest legal steps against the Premier League about transactions from Associated Party, Sky Sports News understands.
Other clubs have been informed by the Premier League about the claim statement.
The Premier League does not comment, but this last development was expected and is part of the current legal process.
The APT rules regulate commercial deals that are concluded between clubs and companies related to their owners, making them of “fair market value”.
This legal action is separate from those who covers more than 100 charges against the city due to alleged infringements of the financial rules of Premier League.
APT rules were introduced for the first time in December 2021 after the Saudi takeover of Newcastle to ensure commercial deals with companies related to the ownership of clubs were at a fair market value.
They also focused on the income that could be increased by sponsorship supported by Abu Dhabi of state entities.
City brought the legal challenge to be blocked by the Premier League of promoting new, more lucrative deals with Etihad Airways and First Abu Dhabi Bank. The Premier League champions are owned by Vice-President Sheikh Mansour van de Vae.
An arbitration panel ruling in February found the error in the assets of the Premier League as a regulator to make rules, follows a first ruling in October.
The League responded by rewriting three areas of the rules that were illegal and the revisions were adopted by a majority of clubs in November.
The most striking thing is that the real market value of shareholder loans must now be included in assessments about the profit and sustainability of clubs that determine how legitimate income is.
The competition also ensured that clubs would have access to a database with similar sponsor values to assess their deals against.
Premier League Chief Executive Richard Masters believes that those new rules now replace those who have now been replaced by the tribunal – in an attempt to distinguish the impact of this statement.
But City also disputes the legality of the new rules that are designed to prevent the richest clubs from blowing up the value of deals to spend more on players and to comply with profit and sustainability rules (PSR).
Clubs can only lose £ 105 million for three years under PSR, which will remain in place in the following season in the midst of legal challenges that block new regulations.
City hopes for the third time to their advantage in their advantage, with the argument that the Premier League rules have changed in November that it has now been found, should never have been.
This is all before the judgment is delivered in a much larger and more consequence, with a judgment that immediately extends into more than 100 alleged infringements of financial rules that extend until 2009.
Comments