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Controversial: Nottingham Forest Breaks Silence as Premier League Row Escalates with Explosive ‘Acrimonious’ Statement
The Premier League plans to proceed with a vote on proposed changes to its financial rules this Friday, despite calls for a delay from Aston Villa, one of Nottingham Forest’s rivals.
The league has been consulting with clubs for over a month on revisions to its rules regarding associated party transactions (APTs), following an arbitration panel’s ruling that certain aspects of these rules were unlawful.
Despite opposition from clubs like Manchester City, whose legal challenge to the regulations led to the arbitration panel’s intervention, the vote is still scheduled. City has expressed concerns that rushing through amendments would be unwise. Villa is now also reported to have joined the push for a delay, criticizing the public handling of the APT issue.
The Premier League has reportedly responded to Villa, agreeing with their concerns about keeping the process private but reaffirming its intention to move forward with the vote on Friday. Chief Executive Richard Masters continues to engage with clubs this week as the vote approaches.
Villa’s letter also calls for an end to the ongoing public disputes over APTs, arguing that the controversy undermines the league’s leadership and credibility.
For the proposed rule changes to pass, a majority of 14 clubs must agree, or two-thirds of votes cast must be in favor, even if some clubs abstain.
One of the most significant changes being proposed involves requiring the interest rate on shareholder loans to comply with a fair market value (FMV) test. The rule change would not apply retroactively to loans already issued but would set an effective interest rate for any outstanding loans after a grace period. During this period, club owners and shareholders can opt to convert loans into equity, although this could make it more difficult for them to withdraw their money in the future.
Additionally, some amendments approved earlier in the year will be rolled back. For example, the wording of the fair market value rule will be adjusted to replace “would” with “could,” offering clubs more flexibility. Clubs will also gain access to the Premier League’s databank to help assess whether deals comply with fair market value before any decisions are made.
