2.4 C
New York
Wednesday, January 29, 2025
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

North Carolina inmate accused of attempted murder escapes via ventilation system

0
An inmate escaped from a North Carolina jail through a ventilation system while his cellmates stuffed a mattress to make it seem like...

Dusan Vlahovic Latest Move Boosts Arsenal Transfer Hopes Following Substantial Offer

0
Dusan Vlahovic, Juventus striker, has reportedly rejected a significant offer from Saudi Pro League club Al Nassr. Despite his 12 goals for Juventus...

Reese Witherspoon says people thought she was a real lawyer while serving jury duty...

0
Reese Witherspoon was once made to step up while serving on a jury — all because of “Legally Blonde.”In a recent appearance on...

Six Nations: Lloyd and Thomas considered for first Wales starts

0
Cardiff prop Keiron Assiratti and Ospreys tight-head Ben Warren are other options in the squad with WillGriff John unavailable because of injury.Bath's Archie...

Autism community fears RFK Jr. would set back decades of progress

0
For decades, the scientific community has worked to dispel a thoroughly debunked theory that vaccines cause autism and finally shift its focus to...