Man City release statement as Premier League settlement agreement reached
Below is a summary of the full article. Click here for the full version or go back to LFC Live.net.
(Image: Getty Images)Manchester City and the Premier League have reached a settlement in their dispute over the rules governing associated party transactions (APTs).
City initially challenged the league over the rules in January 2024, with a tribunal ruling in October of that year that three aspects of the rules were unlawful.
As a result, the rules were rewritten, but City still believed they were anti-competitive and breached public law principles.
The club's lawyers filed a new case earlier this year, and the case was due to be heard later in 2025.
But on Monday the Premier League informed clubs that the matter had been resolved without requiring a tribunal.
READ MORE:Sean Dyche makes Jack Grealish and Kiernan Dewsbury-Hall Everton transfer revelation - 'What I mean'READ MORE:Liverpool transfer surprise after defender makes exit - 'He was very happy'
A statement released on Manchester City and the Premier League’s website read: “The Premier League and Manchester City FC have reached a settlement in relation to the arbitration commenced by the club earlier this year concerning the Premier League’s Associated Party Transaction (APT) Rules and as a result, the parties have agreed to terminate the proceedings.
“This settlement brings an end to the dispute between the parties regarding the APT Rules.
As part of the settlement, Manchester City accepts that the current APT Rules are valid and binding.
It has been agreed that neither the Premier League nor the club will be making any further comment about the matter.”
Article continues below
The move now paves the way for City to complete a wide-ranging deal with Etihad Airways, although they have conceded some ground in allowing the new rules on APTs to stay in place.
The Premier League introduced APTs in 2021 in an attempt to stop clubs signing inflated sponsorship deals with parties linked to their ownerships.