London (AP) – Manchester City and the Premier League Legal challenges We have begun on new rules for competitions where the club manages sponsorship transactions.
In February, the city made the amendments. apt rules By the Premier League club a few months ago. Changes to them It was forced into the league by a previous legal challenge by the city.
These rules are designed to apply to commercial transactions with organizations whose fair market value is closely aligned with the club owners. The rules aim to prevent artificial inflation of transactions such as sponsorships, and could undermine the league’s financial rules.
City and the Premier League issued a statement simultaneously on Monday that they “agree to end the lawsuit.”
“This settlement ends the dispute between the parties over the APT regulations,” their statement said. “As part of the settlement, Manchester City accepts that the current APT rules are valid and binding.”
In another lawsuit, the city faces more than 100 charges Claims of financial violations From the Premier League.
The case was heard by an independent committee between September and December last year, but the verdict was not reached. The city has always denied the charges.
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