Manchester City is suing the Premier League, The Times reported. According to the publication, City will try to end the League's Associated Party Transaction (ATP) rules.
These rules apply to advertising and sponsorship deals with companies that are owned or associated with the owners of the same club. At this point, these rules dictate that such transactions must be independently appraised to have fair market value.
The Times added that City believes the rules are "unlawful" and wants to seek compensation for revenue lost from prevention as a result of the rules. The newspaper cited a 165-page legal document in which the English champions claimed they were victims of "discrimination". The rule came into effect in December 2021 after Newcastle was bought by Saudi Arabia's Public Investment Fund.
The case will be resolved during a two-week arbitration hearing beginning Monday, June 10.
Meanwhile, the publication added that Manchester City's hearing on the 115 charges of breaching the Financial Regulations will take place in November. In February last year, City were charged with offenses spanning 2009/10 to the 2017/18 season. The Citizens must defend themselves against allegations of "incorrectly reported financial information which gives a true and fair assessment of the club's financial position". | BGNES
