The Football Faithful
·26 September 2024
The Football Faithful
·26 September 2024
Manchester City appear to have secured a significant victory over the Premier League on Associated Party Transactions.
The eight-time champions launched a legal case against the Premier League earlier this year with a number of complaints, including on Associated Party Transfers with the Citizens feeling the rules are discriminatory.
Associated Party Transactions are any deals, from sponsorships to transfers and payments to individuals such as players, managers or senior officials, which are completed between a club and an Associated Party.
City said the rules which were created in 2021 after Newcastle’s Saudi-led takeover and stop clubs penning inflated sponsorship deals with entities linked to the club, were unfair.
City’s case comes as the club face 115 charges of alleged breaches of financial rules over a nine-year period between 2009 and 2018.
The charges against the club include the failure to provide accurate and up-to-date financial information (2009-2018), failure to provide accurate financial reports for player and manager compensation (2009-2018), failure to comply with UEFA’s regulations, including Financial Fair Play Regulations, breaching Premier League Profitability and Sustainability regulations (2015-2018) and failure to co-operate with Premier League investigations (2018-2023).
City have denied any wrongdoing and have decided to take on the Premier League with complaints over the rules.
According to the Mail, the Citizens appear to have been successful over the Premier League on APTs after a vote to amend rules was pulled at the last-minute from this morning’s clubs meeting.
“Sources have disclosed that the vote was removed at the ‘last minute’, in what may be interpreted as a heavy indication that City have been successful in their legal challenge – given there would be little point in voting on amendments to rules that may soon be subject to change themselves, or even become inactive,” the report states.