The Premier League is hoping to avoid a governance crisis today, as the clubs stage a first meeting on how to solve the Associated Party Transactions (APT) controversy created by Manchester City’s legal case. A number of clubs are understood to be unsure of their stance, due to how the demanded amendments on shareholder loan regulations will affect them in different ways.
The meeting is online which, combined with the fact there has been a full weekend of games, may help quell tensions. There had been fury on many sides after City’s general counsel Simon Cliff wrote an email urging against a “knee-jerk reaction” in the wake of the judgment, and threatening further legal action. No vote will be taken on Tuesday, as the clubs are only seeking to create the context for clear proposals in the future.
