These consequences will be discussed at an emergency meeting of all 20 Premier League clubs next week. The results of the audit threatened to ignite a financial civil war in English football, according to ITV NEWS
The Premier League’s APT rules are designed to ensure that any sponsorship deal a club enters into with a company associated with its owners is at “fair market value” (FMV).
In a decision that will send shockwaves through the league, the court ruled that APT’s current rules are illegal under competition law. Based their decision on the fact that the rules do not include loans to shareholders… (APT) were illegal. These consequences will be discussed at an emergency meeting of all 20 Premier League clubs next week. The results of the audit threatened to ignite a financial civil war in English football.
The Premier League’s APT rules are designed to ensure that any sponsorship deal a club enters into with a company associated with its owners is at a ‘fair market value’ (FMV).
In a decision that will send shockwaves through the league, the court ruled that the APT’s current rules are illegal under competition law. Based their decision on the fact that the rules do not include loans to shareholders.
