More infoAt 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. But earlier this year, reigning champions Manchester City launched legal action against the Premier League’s APT rules, claiming that they were unlawful. The Premier League made amendments to reflect this, and the changes were put to a vote for the 20 member clubs, with 14 needed for them to pass. They achieved 16, with Manchester City, Newcastle United, Nottingham Forest and Aston Villa all voting against the proposals, while representatives from Chelsea and Manchester United made the case to the members present that they should vote in favour of the changes.

Source: Express November 22, 2024 18:21 UTC