4.2 C
New York
Saturday, November 23, 2024
pCloud Premium

Premier League shareholders meeting: What was discussed, and why it matters


It had been felt that Manchester City’s challenge to the Premier League was that they wanted to scrap Associated Party Transaction rules completely.

But from talking to sources with an understanding of City’s motivations, BBC Sport has learned the club’s argument was not against what they deem to be proportionate and fair regulation.

In this instance, what they actually argued against were the changes. City argued the initial rules, in place up to 2021, were fine. The club did not believe there had ever been an indication of a need to change those rules, and no proposal to do so had been put forward.

It is also worth bearing in mind that under these rules, all City’s partnership deals had been annually reviewed and none were considered to be related party transactions.

So, their conclusion was that the changes – which they believe were rushed anyway considering the complexity of the arguments – came about as a result of club politics.

The rules were changed following a vote in February that was not unanimous.

Last November plans to block loan deals between associated clubs and also wider commercial transactions both fell short of gaining the required two-thirds majority.

This confirmed to City the plans were wrong, and would lead to substantial argument and legal bills on both sides. They felt the new rules would be used to target certain clubs.

They also question that if 14 clubs – or in this instance 12 given two abstained – can effectively change the economics of rival clubs, what would stop them doing so in an even clearer way by, say, centralising commercial contracts, as is the case in Major League Soccer.

This last argument does appear a bit of a stretch, nevertheless, it is what City felt and the argument they made.



Source link

Odisha Expo
Odisha Expohttps://www.odishaexpo.com
Odisha Expo is one of the Largest News Aggregator of Odisha, Stay Updated about the latest news with Odisha Expo from around the world. Stay hooked for more updates.

Related Articles

Stay Connected

0FansLike
0FollowersFollow
0SubscribersSubscribe
Best Lifetime Deals on SaaSspot_img

Latest Articles

Analyzing Chennai Super Kings’ Strategy

0
Chennai Super Kings ran into a pickle after losing three of their last five matches in IPL 2024, leading to their marginal exit...

Maine lawmaker accused of choking wife wins re-election by one vote

0
CAMDEN, Maine — A Republican lawmaker in Maine accused of choking his wife last month won re-election by a single vote after a...

Wales v South Africa: Springboks aim to pile misery on Warren Gatland

0
Wales: Murray; Rogers, Llewellyn, B Thomas, Dyer; Costelow, Bevan; G Thomas, Lake (capt), Griffin, Rowlands, Tshiunza, Botham, Morgan, Plumtree.Replacements: Elias, Smith, Assiratti, F...

Texas Board of Education votes to approve Bible curriculum in elementary schools

0
The Texas Board of Education narrowly voted Friday to allow Bible-based curriculum in elementary schools.The curriculum adopted by the Texas State Board of...

Verstappen in sight of exclusive club of four-time F1 champions – Sport

0
LAS VEGAS: Max Verstappen will become just the sixth man in Formula One history to win four world championship titles if he can...