11.4 C
New York
Thursday, March 6, 2025
pCloud Premium

Premier League sponsorship rules ‘void’ says tribunal


The Premier League’s rules governing sponsorship deals from the period between 2021 and 2024 are “void and unenforceable”, a tribunal has ruled.

Last year, an independent arbitration panel found against aspects of the league’s Associated Party Transaction regulations (APTs) after a lawsuit instigated by Manchester City.

The rules were formed by the Premier League to prevent clubs from profiting from commercial deals with companies linked to their owners that are deemed above “fair market value”.

In November, the Premier League voted through amendments to the rules despite opposition from Newcastle, Nottingham Forest and Aston Villa, as well as City.

Friday’s ruling is not in judgement of the November amendments which still stand but are the subject of a legal challenge.

The conclusion of the tribunal reads: “In the first partial final award it was declared that the APT rules and amended APT rules were unlawful in three respects.

“There now arises for decision the question whether those three respects can be severed from the remaining APT rules so that those remaining APT rules are valid and enforceable.

“The three respects in which the APT rules and amended APT rules were unlawful cannot be severed with the result that the APT rules as a whole are void and unenforceable.”



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

Juventus Extend Winning Streak with 2-0 Victory Over Verona

0
Juventus secured a 2-0 win over Hellas Verona in Serie A, extending their winning run to five games. Despite 30 attempts, they struggled...

Republicans can’t meet their own budget target without cutting Medicare or Medicaid, budget office...

0
WASHINGTON — House Republicans can’t meet their own budget target that is necessary to pass President Donald Trump’s legislative agenda without making significant...

Khalistan protestor attempt to attack EAM S Jaishankar in London; tears Indian flag |...

0
Khalistani extremists harassed and tried to assault External Affairs Minister S. Jaishankar in London on Thursday (IST) as he was leaving a car...

Emma Raducanu to start trial with coach Vladimir Platenik at Indian Wells

0
Emma Raducanu will begin a trial period with Slovakian coach Vladimir Platenik when she plays her first-round match at Indian Wells on Thursday.The...

Canadian stores pull U.S. liquor from shelves as Trump’s tariffs take effect

0
As tariffs set by the Trump administration on Canada and Mexico came into effect on Tuesday, Canadians discovered empty shelves where American liquor...