Manchester City officially issued a statement announcing a settlement with the Premier League on the arbitration of affiliate transactions (APT) rules, and the two parties terminate the lawsuit. (Note: This case is independent of Manchester City'...
Manchester City officially issued a statement announcing a settlement with the Premier League on the arbitration of affiliate transactions (APT) rules, and the two parties terminate the lawsuit. (Note: This case is independent of Manchester City's 115 financial violations)
[Manchester City Announcement]
The Premier League and Manchester City Football Club have reached a settlement
The Premier League and Manchester City have reached a settlement on the latter's arbitration case against the Premier League's "Affiliated Party Trading Rules" (APT) earlier this year, and the two parties agreed to terminate the relevant legal proceedings accordingly.
This settlement marks the official end of the dispute between the two sides over APT. As part of the settlement agreement, Manchester City recognizes the effectiveness and binding power of the current "APT".
The two sides have reached an agreement that neither the Premier League nor Manchester City club will comment further on the matter.
According to the Times, this settlement is based on the concessions between Manchester City and the Premier League. Manchester City made concessions on the new rules for affiliate transactions (APTs) and agreed to maintain the effectiveness of the rule, provided that the club will not be treated differently when signing a sponsorship contract with its affiliated companies of Abu Dhabi's parent company.
Affiliate Party Transactions (APT) rules are designed to limit the size of investments by affiliates into clubs to maintain a balance of competition in the league. Manchester City had previously won some victory in a legal challenge, and an arbitral tribunal ruled that some of the rules were illegal, including the Premier League's rejection of the Etihad Airways sponsorship agreement.
supporters say the purpose of these rules is to promote a competitive balance in the league and ensure that bosses with strong financial resources do not inject huge amounts into their clubs, thereby crushing other opponents and pushing up wages and transfer fees.
Manchester City questioned the legality of these rules, with the Abu Dhabi-owned club winning some important victories in early October, and a heavyweight legal arbitration tribunal ruled that some of the rules were illegal, including the Premier League's procedures for a huge new sponsorship agreement made by Etihad, which was cited as not in line with fair market value.
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source:tỷ số bóng đá
