The Premier League writes to its clubs setting out proposed changes to its rules after last month’s publication of a landmark verdict in a legal battle with Manchester City over rules governing commercial deals.
The Premier League has written to its clubs setting out proposed changes to its rules after last month’s publication of a landmark verdict in a legal battle with Manchester City over rules governing commercial deals.
City had some complaints upheld, with two aspects of the rules deemed unlawful by the tribunal. It said low-interest shareholder loans should not be excluded from the scope of APT rules, and that changes made in February to toughen up the regulations also breached competition law.over the Premier League's suggestion that new APT rules could be passed swiftly, signalling possible further legal action if there was a "knee-jerk reaction".
One suggested amendment relates to the definition of ‘fair market value’, which is described in the current APT rules as "the amount for which an asset, right or other subject matter of the transaction would be sold, licensed or exchanged, a liability settled, or a service provided, between knowledgeable, willing parties engaging in an arm's length transaction in normal market conditions".
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