The proposed changes came into play after an independent tribunal found some aspects of the APT rules to be unlawful following Manchester City\u2019s lawsuit.<\/p>\r\n\r\n
\u201cAt a Premier League Shareholders' meeting today, clubs approved changes to the League's Associated Party Transaction (APT) rules. The amendments to the rules address the findings of an Arbitration Tribunal following a legal challenge by Manchester City to the APT system earlier this year.<\/p>\r\n\r\n
\"The Premier League has conducted a detailed consultation with clubs - informed by multiple opinions from expert, independent Leading Counsel - to draft rule changes that address amendments required to the system,\u201d read the statement released by the Premier League.<\/p>\r\n\r\n
Manchester City, Aston Villa, Newcastle United and Nottingham Forest were the only clubs to vote against the proposed changes as reported by The Athletic. According to the report, the PL were desperate to bring in the new amendments as soon as possible as it could have resulted in damages from other clubs trying to secure associated party deals during this time.<\/p>\r\n\r\n
\u201cThis relates to integrating the assessment of Shareholder loans, the removal of some of the amendments made to APT rules earlier this year and changes to the process by which relevant information from the League's 'databank' is shared with a club's advisors.<\/p>\r\n\r\n
Manchester City, Aston Villa, Newcastle United and Nottingham Forest were the only clubs to vote against the proposed changes as reported by The Athletic. According to the report, the PL were desperate to bring in the new amendments as soon as possible as it could have resulted in damages from other clubs trying to secure associated party deals during this time.<\/p>\r\n\r\n
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