This is reported by the club itself websites. The British newspaper The Telegraph writing that the outcome could have major implications for football in England and describing the decision as “groundbreaking”.
Manchester City sued the PL group in February, but this was only announced this summer. The last four league champions argued against the validity of rules which prohibit clubs from entering into sponsorship deals of more than market value with companies owned by or associated with the owner of club.
The ban aims to prevent the clubs from hiding donations directly from the owners, which is a breach of the rules regarding financial fair play.
Read also: Solbakken about Shørloth: – He knew that
It was adopted in 2021
The current rules were adopted in 2021 after Newcastle acquired Saudi Arabian owners. City officials have argued that they are breaking competition law and discriminating against clubs based outside of London.
Manchester City, whose owners are from Abu Dhabi, also said in the lawsuit that clubs with ties to the Gulf states are being discriminated against.
In addition, the light blue attacked the voting rules of the Premier League, according to several British media. All decisions require a two-thirds majority (14 out of 20 clubs), and City are said to have referred to this democratic model as the “tyranny of the majority”.
Read also: The family news makes John Arne Riise proud
– Seen as an accident
The fact that the club has now agreed, according to The Telegraph, is seen as a disaster among many members of the league. Many in the PL community believe that this case is more important for the sport than the 130 charges against Manchester City for breaking the league’s financial rules.
It was last February that the Premier League came out with these allegations for the period 2009 to 2018. Among the allegations are that City had overreported sponsorship income and entered into illegal sponsorship agreements.
The City’s influence in the legal system could be of great importance for the complexity of the case, which is currently being dealt with in a comprehensive hearing.
2024-10-07 14:07:15
#Manchester #City #won #lawsuit #Premier #League #financial #regulations