"Manchester City and the Premier League have reached a settlement in their dispute over the rules governing associated party transactions (APTs). Under the settlement, City accept that the current rules governing APTS are "valid and binding". City had launched arbitration proceedings on January 20 against the current rules, which are designed to ensure that deals between clubs and entities linked to their ownership are done at fair market value."
"City had launched arbitration proceedings on January 20 against the current rules, which are designed to ensure that deals between clubs and entities linked to their ownership are done at fair market value. City's challenge was understood to have included criticism of the way the Premier League treated shareholder loans under the rules. The league and City have agreed to make no further comment on the matter."
Manchester City and the Premier League have settled their dispute over the Premier League's associated party transaction (APT) rules. Under the settlement, City accept that the current APT rules are valid and binding. City launched arbitration proceedings on January 20 challenging the rules, which are intended to ensure that deals between clubs and entities linked to their ownership occur at fair market value. The challenge reportedly criticized the treatment of shareholder loans under the rules. The league and City have agreed to make no further comment about the settlement.
Read at Irish Independent
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