Manchester City’s court case, which was brought against the Premier League’s hastily written Associated Party Transaction (APT) sponsorship rules, has resulted in both sides claiming a victory. A slew of articles and features released on Monday 7 October issued varying degrees of victory for each side, with the Twitter/X accounts of sports journalists across the land doing the same. The waters are certainly muddied.
What is clear is that the implemented APT rules and amendments from December 2021 and earlier this year in February have been deemed “unlawful” and are a breach of UK competition law. The breach centres around the deliberate exclusion of shareholder loans, which bizarrely, where exempt from APT rules, and as a knock-on effect PSR calculations too. An article in the Times highlights how Arsenal have around £200m of unaccounted shareholder loans which when considered could see them fail to comply with PSR rules. It’s worth highlighting that this is something Newcastle would’ve fallen foul of under the Ashley ownership as he gave the club upwards of £100m worth of interest-free loans.
However, it’s not all the APT rules that have been deemed “unlawful”, the ruling has stated the need for regulation of APT sponsorships, and the Premier League have stated that they will continue to operate an APT ruleset as they are “necessary” to enforce the leagues PSR rules. These rules will be amended ASAP by the Premier League “taking into account the findings” and “can quickly and effectively” be amended, the Premier League said further in its statement.
So, what does all this mean for Newcastle United? Well, it certainly clarifies, or should that be crystalises, that the December 2021 APT rule changes where all about stopping the clubs upward mobility under new ownership at the behest of the Premier League and certain member clubs. Rules that were so hastily implemented (and have been running for three years) they have been found…
Source link : https://www.nufcblog.co.uk/2024/10/07/premier-league-apt-rules-found-to-be-unlawful-what-does-this-mean-for-newcastle/
Author : Jonathan Young
Publish date : 2024-10-07 15:50:58
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