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Manchester City sues Premier League over financial rules | Business News
The legal challenge will be heard on Monday, less than a month after City won a fourth successive Premier League title.
By Sarah Taaffe-Maguire, Business Reporter @taaffems
Wednesday 5th June 2024, 11:23am, UK
Manchester City is taking legal action against the Premier League over its financial rules.
The legal challenge, in the form of arbitration, will be heard on Monday, according to The Times.
Sky News reported in February the competition was facing legal battles and had been warned by a club that changes to the rules governing commercial agreements between related parties were illegal.
The basis of the claim revolves around the Associated Party Transactions (APT) regulations, which ensure that commercial agreements between a club and other corporate entities linked to club owners are made at a fair market price.
A 165-page challenge was launched by from Manchester City lawyers, the Times report said.
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The spending rules were created with the aim of ensuring a level playing field between elite English teams, preventing clubs from signing commercial deals at inflated prices, which would allow them to spend even more on players.
The rules were first introduced in December 2021, following the Saudi-led takeover of Newcastle, and were supported by the majority of clubs at the time.
City – who won a fourth consecutive Premier League title last month – they now contest 115 charges of violating Financial Fair Play (FFP) rules.
The club is owned by Abu Dhabi sovereign investors and has previously expressed its opposition to stricter APT rules.
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O Premier League and Manchester City have been contacted for comment.