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.

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

Manchester City’s legal victory over the Premier League is currently dominating the headlines and discussion. Matt Lawton reported for the Times yesterday that the Premier League’s Associated Party Transaction rules that were enforced between 2021-2024 were declared void and unenforceable by the independent panel that reviewed the case.