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The latest on Manchester City's ongoing legal battle with the Premier League as Everton and Liverpool were set to attend a meeting to discuss potential rule changes
Manchester City's Etihad Stadium(Image: Alex Livesey - Danehouse/Getty Images)
Everton and Liverpool were set to attend a meeting called by the Premier League today (Wednesday) to vote on proposed amendments to top-flight sponsorship rules.
Man City argued this rendered all APT rules void and accused the Premier League of misleading the other 19 clubs in its initial interpretation of the panel judgement.
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In the aftermath league officials asked for the suggestions of both Everton and Liverpool, along with the rest of their Premier League rivals, as to how the rules should be amended to remain fair but include shareholder loans.
The report explains that the exact changes to be voted on have been finalised in meetings between the Premier League's legal advisory group and financial controls advisory group.
One would allow clubs access to the relevant data that the Premier League uses to assess if APTs meet FMV before they reach the appeal process against any future financial charges, rather than only afterwards like before.
The other would mean the exclusion of shareholder loans and only equity injection investments remaining exempt from APTs.
As is always the case with meetings between Premier League clubs, a new motion requires a 14 out of 20 majority to be in favour at least in order for it to pass.
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This subject has been a contentious matter amongst top-flight clubs, who have their own interests to look after.
Everton, for example, at the end of the 2022/23 campaign were £451m in debt through shareholder loans - the highest amount of any Premier League club.
Liverpool were seventh on this list with £71m at that time too, whereas Man City were one of six clubs who had no outstanding debts to their shareholders.
With a swift turnaround until this matter is voted on, the Premier League is evidently attempting to resolve matters quickly amidst their overall legal battle with the title winners of the past four years.
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