Premier League call emergency meeting to consider major rule change after Man City tribunal

The Premier League have reportedly called an emergency meeting with all 20 clubs to discuss potential changes to its rules in light of the outcome of Manchester City's tribunal. Several of City's grievances were upheld, most notably regarding Associated Party Transaction (APT).

The club's legal team successfully argued that interest-free loans from shareholders to clubs should be included in APT regulations. This leaves several clubs at risk of breaching Profit and Sustainability Rules.

Arsenal is one such club facing repercussions. It's reported they have taken approximately £200m in shareholder loans to bolster transfer market spending, and now face the challenge of swiftly balancing their books.

ALSO READ: Man City inflict huge defeat on 'unlawful' Premier League in APT legal challenge

ALSO READ: Why Man City sued the Premier League over APT rules and how it could impact 115 hearing

It was also determined that City were unjustly prevented from finalising two substantial sponsorship deals earlier this year. The English champions are now seemingly free to negotiate significantly larger sponsorship agreements with associated parties, and are among a number of clubs who could now seek compensation and costs from the Premier League.

Consequently, top-flight executives are attempting to urgently organise a meeting with all 20 of its clubs next week. They're expected to discuss the extent to which it will need to change rules and regulations as a result of the sponsorship judgement, according to the Express.

The independent three-man panel dismissed some aspects of Manchester City's claims regarding blocked sponsorship deals, rejecting the arguments that the Premier League was guilty of "discrimination against Gulf