"APT rules were introduced by the Premier League to prevent clubs from profiting from commercial deals with companies linked to their owners that are deemed above "fair market value". City had mounted a lawsuit against the Premier League, claiming the rules were "unlawful". However, according to sources at several rival clubs, they have not been told any details about the settlement, nor what it means."
"Although most clubs are relieved rules that most feel are essential to preserve competitive balance and fairness are no longer in jeopardy, some are known to be concerned by reports that City are now set to complete a lucrative new sponsorship deal with airline Etihad Airways. It was one of two Abu Dhabi-linked deals originally blocked by the Premier League in 2023 for not being fair market value, sparking City's lawsuit."
"Some suggested the league would be asked to clarify what - if any - assurances or concessions City have been granted at its next shareholders meeting this month. One senior executive at a Premier League club, who wished to remain anonymous, said: "It's hard to say anything because we have no idea of the details of the settlement or any implications from it.""
Premier League clubs were informed that Manchester City accepted APT regulations are valid and binding and that legal proceedings have been terminated. Clubs have not been provided with details of the settlement or its implications. Some expect the league to clarify whether any assurances or concessions were granted to City at the next shareholders meeting. Most clubs welcome that APT rules remain in force to preserve competitive balance, while some express concern about reports that City could complete a lucrative Etihad Airways sponsorship previously blocked for not being fair market value. League officials say any such deal would still face a fair-market-value assessment.
Read at www.bbc.com
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