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What APT rule changes mean for Premier League clubs as Manchester City handed blow
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manchestereveningnews.co.ukAt London’s swanky Nobu Hotel on Friday morning a vote was put to the 20 Premier League member clubs, its shareholders, over proposed changes to the rules governing commercial deals.
Associated Party Transaction (APT) rules were brought in to prohibit some clubs with certain ownership groups who had the ability to draw on other related assets being able to strike deals above fair market value.
In the wake of Newcastle United’s takeover by the Saudi Arabian Public Investment Fund (PIF), regulations around ‘fair market value’ were brought in.
But earlier this year, reigning champions Manchester City launched legal action against the Premier League’s APT rules, claiming that they were unlawful.
Read more on manchestereveningnews.co.uk
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