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Home » Man City ‘launch legal action’ against Premier League over financial rules

Man City ‘launch legal action’ against Premier League over financial rules

Manchester City

Man City taking legal action against Premier League, The Times reports, over league’s rules regarding valuations of sponsorships; under regulations introduced in 2021 all deals with companies associated with clubs’ owners must be independently assessed to be of ‘fair market value’

Those rules regard commercial and sponsorship deals with companies owned or associated with the same club’s owners.

As things stand, those rules dictate such transactions have to be independently assessed to be of fair market value.

The newspaper’s reporter, Matt Lawton, quotes a 165-page legal document in which City argue they are the victims of “discrimination”.

The rule was brought in in December 2021 as Newcastle was bought by the Saudi Arabian Public Investment Fund.

The legal dispute will be settled during a two-week arbitration hearing beginning on Monday June 10.

Source – Man City ‘launch legal action’ against Premier League over financial rules ahead of their own 115-charge hearing | Football News | Sky Sports

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