Leicester City Ends Controversy as they level ‘misleading’ accusation against Premier League After emergency meeting

The club’s legal experts made a strong case for the inclusion of interest-free shareholder loans to clubs in APT

regulations. This increases the possibility of multiple clubs breaking the Profit and Sustainability Rules.Among the

clubs suffering the ramifications is Arsenal. They reportedly took in loans from shareholders totaling over £200

million to increase their spending in the transfer market, and now they have to quickly balance their finances.

It was also established that City were unjustly barred from finalising two significant sponsorship deals earlier this

year. The champions are now seemingly free to negotiate considerably larger sponsorship agreements with

associated parties, and are among a number of clubs who could now seek compensation and costs from the Premier

League.

According to the Express, Premier League executives are rushing to arrange an urgent meeting with each of the 20

participating clubs for next week. The Manchester Evening News notes that the consequence of a tribunal’s

decision on sponsorship is in the news and might result in major changes to the league’s rules and regulations.

Parts of Manchester City’s allegations regarding sponsorships that were denied were rejected by the independent

panel, including the charge of “discrimination against Gulf ownership,” but the fundamentals of the ATP rules were

recognized.

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