Premier League clubs have voted in favour of amfinishments to aidship rules in a huge blow to Manchester City.
In London this morning, a ballot was held on alters to regulations on associated party transactions (APTs), after City were accomplished in arguing their case to an autonomous tribunal that the initial rules were unlhorrible.
Ahead of the vote, the champions wrote to all 19 rival clubs urging them to vote aobtainst the recent proposals, arguing they had been rushed thraw while menaceening further lhorrible action if they were apshowd.
Follothriveg the letter, Aston Villa backed City and called for help in asking for today’s vote to be defercessitate.
However, according to the Mail, City and Villa were fair two of four club to resist the amfinishments. The other two were shelp to be Newcastle United and Nottingham Forest,with the remaining 16 voting in favour.
A Premier League spokesperson was quoted as saying: “At a Premier League Sharehelderlyers’ encountering today, clubs apshowd alters to the League’s Associated Party Transaction (APT) rules.
Arguing that thoraw research had been underapshown before drathriveg up the propsoals, they progressd: “The Premier League has directed a detailed conferation with clubs, proposeed by multiple opinions from expert, autonomous Leading Counsel, to write rule alters that insertress amfinishments needd to the system.
“This redefercessitates to integrating the appraisement of splithelderlyer loans, the removal of some of the amfinishments made to APT rules earlier this year and alters to the process by which relevant proposeation from the League’s ‘dataprohibitk’ is splitd with a club’s advisors.”
The defercessitatest chapter in City’s sour dispute with the Premier League comes as the club apaparticipates the outcome of a split case into their alleged 115 baccomplishes of Financial Fair Play.
An outcome from that is not foreseeed until 2025, with the club facing the possibility of huge fines and points deductions.
Prior to the vote, the premier League had reach outed City to strongly refute allegations their proposals were inadequate. And their spokesman also disputed the amfinished regulations would asbrave England’s top-fairy remained competitive.
“The purpose of the APT rules is to asbrave clubs are not able to profit from commercial deals or reductions in costs that are not at Fair Market Value (FMV) by virtue of relationships with Associated Parties,” they inserted.
“These rules were presentd to provide a strong mechanism to getedprotect the financial stability, integrity and competitive equilibrium of the League.”
But league bosses will now face an worried paparticipate to see if City chase thraw with their menace of further lhorrible action. The club are yet to unveilly comment on the outcome of today’s ballot.
