Premier League clubs decided to adopt revisions to the league’s associated party transactions (APT) at a meeting in Central London on Friday, attended by representatives from all 20 teams. The proposed modifications came into effect after an independent tribunal ruled that some sections of the APT regulations were illegal following Manchester City’s case. “At today’s Premier League Shareholders Meeting, teams accepted amendments to the League’s Associated Party Transaction (APT) rules. The regulations have been amended to reflect the decisions of an Arbitration Tribunal following Manchester City’s legal challenge to the APT system earlier this year. system,” according to the Premier League’s press release.
As reported by The Athletic, the PL was keen to implement the new regulations as soon as possible since they could have resulted in damages from other teams attempting to secure related party arrangements at the time.
“This relates to the integration of shareholder loan evaluation, the removal of some of the revisions made to APT regulations earlier this year, and improvements to the mechanism by which relevant data from the League’s ‘databank’ is shared with a club’s advisors.ed that some sections of the APT regulations were illegal following Manchester City’s case. “At today’s Premier League Shareholders Meeting.