Legal proceedings between the Premier League and Manchester City are now underway. Manchester City have scored one early victory in this legal battle. As reported by The Telegraph, it has now been deemed: “Unlawful for so-called ‘shareholder loans’ to be excluded from the world’s richest league’s profit and sustainability rules (PSR).” However, this ruling will only apply to future deals, meaning that Manchester City have avoided any immediate sanctions. This is good news for Arsenal, too. The Gunners have received £259 million in outstanding loans from their owner Stan Kroenke. READ MORE: A t…
