Manchester City appear to have emerged victorious in a legal dispute with the Premier League over the rules on related party transactions (APT). This case is separate from the ongoing 115 indictment hearing.
The Times suggests that a vote on APT rule changes has been withdrawn from Thursday’s Premier League meeting, hinting at a potentially wider rule reform. These rules were introduced in 2021 during the takeover of Newcastle by the Saudi Public Investment Fund.
Existing APT rules allow the Premier League to monitor transactions between entities linked to club owners to ensure fees do not exceed market value, giving more leeway in spending rules. Manchester City claimed the rules were discriminatory and sued the Premier League in June for loss of compensation.
A hearing into the APT dispute concluded over the summer, with an outcome expected today. A vote on the APT rule changes to include Nottingham Forest was scheduled for Thursday’s meeting.
However, his absence from the agenda has fueled speculation that the Premier League could soften its stance on the rules. If these reports are correct, it would mark another legal setback for the Premier League. Earlier this month, an independent commission ruled that it had no right to charge Leicester City with financial irregularities within a specified time frame.
A hearing into 115 charges against Man City began last week after an independent panel ruled in February that the league had been unfair when it slapped Everton with an initial 10-point penalty for financial offences, which was later reduced to six.
Man City have vehemently denied all allegations and vowed to clear their names. The hearing is expected to last around 10 weeks, but a verdict may not be handed down until early next year due to the expected long consultation period of the independent panel.
Nottingham Forest were given four points last season for breaching financial rules. They were found to have exceeded the maximum permitted loss of £61m in the current three-year period by £34.5m.
Forest contested their four-point ban for breaching the PSR, with the saga dragging on from the publication of their charges in January until the appeal judgment in May. The club’s appeal was unsuccessful but they managed to avoid relegation last time out.
Head coach Nuno Espirito Santo said he doesn’t expect similar problems this time around. The Portuguese said the club had “done well” in balancing the books for the June 30 deadline.
The Reds have managed to avoid a scenario where they would have to consider putting any of their prized assets up front. As it was, they made good money by quickly selling Orel Mangala, Moussa Niakhate and Odysseas Vlachodimos.
On the importance of the June 30 PSR deadline to avoid further points deductions, Nuno said before the season: “Yes, and the club has been doing well, so we don’t have to worry about that issue anymore.”
🚨REPORT :Huge Man City Premier League legal battle ‘update’ emerges as Nottingham Forest ‘denied vote’
Leave a comment