Manchester City have issued a statement following the publication of the report of their arbitration hearing with the Premier League
Manchester City have welcomed the finding of an arbitration panel after chalking up a significant victory over the Premier League over sponsorship rules.
A statement on the club site read: "Following today’s publication of the Rule X Arbitral Tribunal Award, Manchester City Football Club thanks the distinguished members of the Arbitral Tribunal for their work and considerations and welcomes their findings: - The rules were found to be discriminatory in how they operate, because they deliberately excluded shareholder loans.
- The Tribunal also ruled that there was an unreasonable delay in the Premier League’s fair market value assessment of two of the Club’s sponsorship transactions, and so the Premier League breached its own rules.The Premier League also released a statement that struck a very different tone to City's. "The Premier League welcomes the Tribunal’s findings, which endorsed the overall objectives, framework and decision-making of the APT system," it read.
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