Monday briefing: Manchester City launch fresh legal claim against Premier League’s APT rules
Monday briefing: Manchester City launch fresh legal claim against Premier League’s APT rules
IMAGO
FIFA report: New January transfer window record as spending reaches $2.35 billion
Premier League to consider cutting winter transfer window to two weeks
Spezia Calcio takeover by FC32 multi-club group complete
US businessman Glenn Straub interested in AC Ajaccio takeover
10 February 2025 - 5:30 AM
Manchester City have escalated their battle with the Premier League after launching a legal challenge against its Associated Party Transaction (APT) rules for the second time in 13 months.
As reported by The Times, City’s lawyers have informed the Premier League they are seeking another arbitration hearing concerning the rules. It is understood City’s key issue is focused on the treatment of shareholder loans.
Last October, an independent arbitration tribunal concluded that some of the rules were unlawful and City warned that further legal action would follow if the Premier League “rushed” to introduce amendments before the panel had deliberated on its findings.
In a letter to clubs on Thursday afternoon, the Premier League chief executive, Richard Masters, revealed the latest development.
“The Premier League remains strongly of the view that the amendments passed in November were lawful and the APT rules comply with all competition law requirements. We consider that the new arbitration must be resolved as soon as possible and, to that end, have agreed that the same tribunal should be appointed to hear the new case. The parties are currently corresponding in relation to further directions.
“The APT rules remain in full force and effect and clubs remain required to comply with all aspects of the system.”
Fair market valuation checks
The arbitration tribunal findings should become known later this month but City have acted now in requesting a new arbitration. In their new case the club cite the fact that the original tribunal took issue with shareholder loans not being subject to the same fair market valuation checks as sponsorship deals.
Under the amended rules the existing shareholder loans have been set aside, meaning they will still not be subject to the scrutiny that could lead to retrospective fees running into many millions. This, City argue, provides clubs which have benefited from such loans with an unfair advantage.
FIFA report: New January transfer window record as spending reaches $2.35 billion
A record $2.35 billion was spent globally on international transfer deals in the January transfer window, with the spending fuelled largely by English and Saudi Arabian clubs, according to data from FIFA’s latest International Transfer Snapshot.
English clubs collectively spent the most, shelling out $621.6 million on transfer fees and recouping just $186 million from player sales to clubs in other countries.
The next biggest deficit was Saudi Arabia, where clubs spent more than $160 million above what they earned. The spending of $202 million was mostly led by Al Nassr, Al Hilal and other clubs owned by the Saudi Public Investment Fund (PIF).
Ten transfers of €30 million-plus
German clubs spent $295.7 million, mostly offset by earning $226.2 million in transfer sales. French clubs took in the highest total of transfer fees, $371 million, and spent $209.7 million.
In January 2024, only one transfer was reportedly valued at more than €30 million ($31 million). There were 10 such transfer fees agreed last month, including four to Manchester City, and topped by Colombia forward Jhon Durán’s $80 million move from Aston Villa to Al Nassr.
Premier League to consider cutting winter transfer window to two weeks
Premier League clubs are considering reducing the winter transfer window to two weeks and closing the summer transfer window before the beginning of the season, according to a report from The Daily Telegraph.
The proposal to shorten the summer window from its current length has been raised in talks between clubs since the end of the most recent window, which ran from 1st January to 3rd February. The aim is that it minimises disruption to managers and their squads once the games begin.
The summer window ended before the start of the season in 2018 and 2019, but this was abandoned because other leagues in Europe kept their window open until the end of August. Since then Saudi Arabia’s Pro League has become a major influence in the market and it is likely to be open for the full scope of the window – as laid out by FIFA.
Meeting of sporting directors
The debate over the timing of transfer windows happened at a meeting of sporting directors of the 20 Premier League clubs last Thursday and came ahead of a Premier League shareholders’ meeting this week.
The club owners and CEOs will decide whether the proposal has any chance of going to a vote. The chief argument concerns the integrity of the game and how the movement of players during the season might affect that.
Spezia Calcio takeover by FC32 multi-club group complete
The sale of Spezia Calcio by the Platek family to the multi-club ownership group FC32 has been completed following the agreement struck between the two parties at the end of January.
FC32, which is led by US investor Paul Francis, had signed a binding agreement for the purchase of 100 per cent of the Platek’s shares. As reported by Italian media, with the takeover now officially complete, the club, who are third in Serie B, have appointed a new board of directors.
Andrea Corradino is the new president, with Francis vice president and Andrea Gazzoli CEO. Also on the new board are the experienced football executive Charlie Stillitano, who is the executive chairman of the US-based sports media company and events promoter Relevent Sports, and football finance specialist Federico Mari.
Platform for footballers
FC32 is a collective of over 80 investors, including former athletes and industry professionals from across the world. With backing from three other American investors alongside Francis and a European fund, its primary goal is to provide a platform where footballers can be involved in the ownership and management of clubs.
The group has already acquired Austrian side St. Polten and Irish club Cobh Ramblers and were previously involved in negotiations to buy Australian team Newcastle Jets.
US businessman Glenn Straub interested in AC Ajaccio takeover
American investor Glenn Straub is interested in a possible takeover of the troubled Ligue 2 club AC Ajaccio, French media have reported.
According to his adviser Jose Lambiet, Straub arrived in Ajaccio ahead of the weekend for talks with the club's directors about its financial position and was planning to attend its home match against En Avant Guingamp on Saturday.
The Corsican club, who are currently 14th in the French second-tier, were provisionally relegated to the Championnat National by French football’s financial watchdog the DNCG in December.
Debts of €8 million
Ajaccio are now reported to be for sale for just €1, although the club’s adviser, Jordan Mathias of CMM Partners, has said he will take offers from buyers who are also able to take on the debt of the club, which totals around €8 million.
Straub, who is based in Palm Beach, Florida and is linked to the company that runs the Miss America beauty pageant which in November filed for bankruptcy, was recently in discussions over possibly buying the Belgian Pro League club Standard de Liege.