Manchester City takes legal action against Premier League for financial regulations | Business News

Manchester City is set to take legal action against the Premier League over its financial rules, with a legal challenge scheduled to be heard on Monday. The basis of the claim revolves around associated party transaction regulations, which govern commercial deals between a club and other corporate bodies linked to club owners.

The rules, aimed at ensuring a level playing field among elite English teams, were introduced in December 2021 following the Saudi-led takeover of Newcastle. Manchester City, owned by Abu Dhabi sovereign investors, has expressed opposition to the tighter regulations.

The club, fresh off a record-breaking fourth consecutive Premier League title win, is already contesting 115 charges of breaching Financial Fair Play rules. The legal battle adds another layer of complexity to the ongoing financial scrutiny faced by the club.

Stay tuned for updates as the legal challenge unfolds, and watch this space for reactions from both the Premier League and Manchester City.

Related articles

Starmer hosts Zelenskyy for meaningful and warm talks

Keir Starmer hosts Zelenskyy for meaningful and warm talks, according to a Downing Street statement, where the Ukrainian President managed to secure a 2.3Bn loan (handout) and able to send a statement to the...

Baby red panda dies ‘from stress’ during fireworks night – days after mother’s tragic death

Baby red panda dies in Edinburgh Zoo has been linked to stress likely caused by fireworks – as experts call for stricter regulations. The three-month-old red panda cub named Roxie died on Bonfire Night at...

David Beckham shares difficult moment before sharing family photo at Victoria’s Paris fashion show

David Beckham faced a challenging moment before posting a sweet family photo at wife Victoria's Paris fashion show, where he was joined by his dapper husband in a black tailored suit and tie. The...

Warnings for Wind and Rain Issued for Southern England and South Wales in UK Weather

Weather warnings have been issued as strong winds and heavy rain are on the way to the UK – days after some areas were hit by flooding. A yellow rain warning has been issued...

DVSA warns UK drivers about parking scam texts being sent

An urgent warning has been issued to UK drivers to watch out for parking fine scams which pose as government bodies. The Driver and Vehicle Standards Agency (DVSA) says that it has seen scammers...

Latest articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here