Both City and the Premier League claimed a victory after October’s initial ruling that found three aspects of the APTs were unlawful, most notably around the deliberate exclusion of shareholder loans, which is when a club borrows money from its ownership group, usually interest-free.

Premier League clubs spent approximately £370 million ($459m) in this past transfer window, with Manchester City paying out £180m ($223m), nearly as much as the other 19-top flight teams.

Clubs could now claim compensation for deals agreed between December 2021 and November 2024 that may have been undervalued.

Manchester City’s legal victory over the Premier League is currently dominating the headlines and discussion. Matt Lawton reported for the Times yesterday that the Premier League’s Associated

The Premier League's rules on commercial deals from 2021 to 2024 were declared "void and unenforceable" by a tribunal after a challenge by Manchester City. Premier League champions City sued the organisation over its associated party transaction (APT) rules last year with a panel declaring three aspects of them unlawful in October.

Manchester City on Friday, won a legal battle against the Premier League in a long-running battle over financial rules – with conflicting interpretations of its significance. An independent panel has ruled that the Associated Party Transaction (APT) rules are void and unenforceable.