Manchester City and the Premier League both claimed victory on Monday after an Arbitration Panel released its judgement on a legal challenge against Associated Party Transaction (APT) rules.
City had launched the action in June, claiming “discrimination against Gulf ownership” and that the rules were “unlawful.”
The Panel upheld two of City’s complaints in relation to shareholder loans and how Fair Market Value (FMV) is assessed.
However, City failed in their bid to get the APT and FMV system scrapped, with the Panel saying it was a crucial to the Premier League’s profit and sustainability rules.
