Premier League clubs have voted to approve changes to rules governing commercial deals, despite opposition from Manchester City, Newcastle United, Nottingham Forest and Aston Villa. At a meeting in London on Friday, clubs took under 30 minutes to approve the changes to Associated Party Transaction regulations (APTs). For changes to be approved, a minimum of 14 Premier League clubs needed to vote in favour. APT rules were formed by the Premier League to prevent clubs from profiting from commercial or sponsorship deals with companies linked to their owners that are deemed above "fair market value". The Premier League said the rule changes relate to "integrating the assessment of shareholder loans" and "include the removal of some of the amendments made to APT rules earlier this year".

Source: BBC November 23, 2024 00:48 UTC