Manchester City and Premier League end dispute over sponsor rules

LONDON: Manchester City and the Premier League have reached a settlement in their dispute over the rules governing commercial deals. City have accepted that the current rules for ‘associated party transactions’ are “valid and binding.” The Etihad Stadium club had launched arbitration proceedings on January 20 against the current rules, which are designed to ensure that deals between teams and entities linked to their ownership are done at fair market value. City’s challenge was understood to have included criticism of the way the Premier League treated shareholder loans under the rules.