The Premier League have reportedly invited all 20 clubs to an emergency meeting to discuss needing to change its rules following the outcome of Manchester City’s tribunal.
A number City’s complaints were upheld, most critically in relation to Associated Party Transaction (APT).
The club’s lawyers successfully argued that interest-free loans from shareholders to clubs needed to be included in APT regulations, leaving a number of clubs now in danger of breaching Profit and Sustainability Rules.
Arsenal are one club now set to face ramifications. They are said to have taken about £200m in shareholder loans to boost transfer market spending, and now face the prospect of having to quickly balance their books.
According to The Times, top-flight bosses are trying to urgently arrange a meeting with all 20 of its clubs present next. Theya re expected to discuss the extent to which it will need to change rules and regulations as a consequence of the sponsorship judgment.
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