Manchester City's challenge against the Premier League's amended associated party transaction rules was largely unsuccessful, except for two aspects regarding shareholder loans deemed anti-competitive.
The Premier League's tightened rules aimed to limit any financial dealings that could favor clubs owned by wealthy individuals or states, like Manchester City.
The arbitration panel ruled in favor of City concerning loans made by shareholders, determining that these should be subjected to fair market value assessments just like sponsorship deals.
This ruling is not just significant for Manchester City, but it impacts around nine other Premier League clubs that have benefitted from favorable owner loans previously.
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