The Premier League, despite the rejection of Manchester City, Newcastle United, Nottingham Forest and Aston Villa, has held a vote that attempts to prevent commercial agreements signed by clubs with companies linked to their -property from artificial breeding.
This vote took place afterwards The city will win a court case considering that the regulation of associated companies, that is, those that belong to the same owner of the club and that maintain economic relations with it, is unfair and violates the law of the free market. The city is owned by the City Football Group, with 81% of the shares belonging to the Abu Dhabi United Group of the United Arab Emirates.
Decision of the majority
In total, 16 clubs approved the changes and four rejected them. For this type of vote, approval from at least fourteen teams is required.
The Premier has implemented a series of changes to these regulations to bring them into line with British competition law, including: calculate the fair market value of the loans these companies or owners make to the clubs.
Some of the changes made earlier in the year have been removed, and how clubs can access the league’s database has also been changed to better understand how fair market value decisions are made.
“The purpose of these rules is to ensure that clubs do not benefit from commercial agreements or cost reductions that are not fair in the market due to their relationships with related companies. These rules are introduced to provide a robust mechanism to safeguard the financial stability, integrity and competitive balance of the league,” the Premier said in a statement.
Source: La Verdad
I’m Rose Herman and I work as an author for Today Times Live. My expertise lies in writing about sports, a passion of mine that has been with me since childhood. As part of my job, I provide comprehensive coverage on everything from football to tennis to golf.
