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.

Premier League clubs will have the option to vote through new financial rules on Thursday despite the threat of legal action from the Professional Footballers’ Association (PFA) if they do so. The 20 top-flight teams will gather for a meeting in central London to discuss,

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