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.

It has gone under the radar, so to speak, but Manchester City’s legal ‘victory’ over the Premier League is a big story. An independent panel did find that sections of the Premier League’s

The Premier League's sponsorship regulations between 2021 and 2024 are "void and unenforceable," a tribunal ruled on Friday.