Tribunal's Decision on APT Rules
The Tribunal found that the unlawful aspects of the old Associated Party Transaction (APT) rules cannot be separated from the rest.
As a result, the entire previous APT rules system is deemed unenforceable.
The invalidity of the old rules does not apply to the new APT rules enacted in November 2024.
Impact of New APT Rules
New APT rules are now in full effect, and clubs are required to adhere to them.
Clubs must submit shareholder loans for Fair Market Value assessment as part of compliance.
The Tribunal did not comment on the validity of the new rules.
Future Implications for Manchester City
The club's potential benefit from the Tribunal's decision hinges on the legality of the new APT rules.
A second legal challenge regarding the new rules was initiated by the club last month.
The Premier League maintains confidence in the validity and enforcement of the new APT rules.
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