Sports
Manchester City, Premier League both claim victories after APT ruling delivered
Manchester City and the Premier League are both claiming victories after a ruling regarding the league’s Associated Party Transaction (APT) regulations was published.
The ruling states that the Premier League’s APT rules and amendments, which were introduced in December 2021 and February of this year respectively, are “unlawful” and in breach of UK competition law as they deliberately exclude shareholder loans — when a club borrows money from its ownership group, usually interest-free.
This case is separate from City’s defence of more than 100 charges against them for allegedly breaching the Premier League’s profitability and sustainability rules (PSR), which they deny.
In this case, City claimed that the league’s APT rules — which aim to regulate against its clubs using sponsorship deals with companies linked to their owners to inflate revenue streams and allow room for greater spending — are unlawful and against competition law. The league insisted that the rules were fully compatible with the law.
A statement from City on Monday outlined that the Premier League “was found to have abused its dominant position” by the tribunal. City also pointed out that the panel has ruled two of the league’s decisions on the club’s sponsorship deals — relating to the Etihad Air Group and First Abu Dhabi Bank — should be set aside.
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The Premier League, meanwhile, said that it “welcomes” the ruling. The league admitted that the ruling identified “a small number of discrete elements” of the APT which do not comply with competition law but claims it “(endorses) the overall objectives, framework and decision-making of the APT system”.
The Premier League added that the tribunal had deemed the APT rules “necessary” as a means of ensuring the efficacy of the league’s Profitability and Sustainability Rules (PSR), “thereby supporting and delivering sporting integrity and sustainability in the Premier League”.
The Premier League says it will continue to operate the APT system, “taking into account the findings” of the tribunal. It added that the elements that do not comply with competition law “can quickly and effectively” be fixed.
The ruling was delivered by a three-person arbitration panel and came after City challenged the league’s APT rules. The case was heard in June.
An amendment to the current APT rules was set to be discussed at a meeting of Premier League shareholders on Thursday but was removed from the agenda ahead of time.
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A key part of Monday’s ruling related to the issue of shareholder loans.
The tribunal decided that as well as sponsorship deals, shareholder loans should also be taken into account by the APT rules. Many of these loans are interest-free, which benefits the club because they will subsequently owe a smaller amount. Arsenal, for example, have borrowed more than £200million ($262m) in shareholder loans, as of the end of 2022-23.
Historically, interest-free shareholder loans have been excluded from the APT rules, which City claimed was unfair. Their argument is that this distorts the profitability and sustainability (PSR) calculations because an interest-free loan cannot be a fair market value. The tribunal agreed with them.
In theory, this means that if interest-free shareholder loans are included within PSR, many clubs will have to rebalance their books in order to avoid a breach.
In June, a 165-page legal submission seen by British newspaper The Times showed that City argued they have suffered “discrimination” as a result of the league’s APT rules, alleging they amounted to a “tyranny of the majority”. Premier League rules dictate that a majority of 14 clubs must agree to new regulations being implemented.
Premier League clubs voted through temporary measures relating to APT in October 2021. That came following the Saudi Arabian Public Investment Fund (PIF) taking control of Newcastle United earlier that month. In December 2021, it was ruled that clubs must submit all sponsorship deals worth over £1million ($1.26m) to the Premier League to decide on the possibility of an APT — despite opposition from City and Newcastle.
Those rules were then were strengthened in February 2024 following another vote among the clubs, who voted in favour of a framework that sees all APTs subjected to a fair market value test, meaning that any deal would have to be financially justifiable for all parties.
There had previously been concerns that ownerships could use multiple companies under their jurisdiction to strike sponsorship agreements that would artificially inflate their own revenue and circumvent PSR rules.
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The APT rules, though, ensured that Newcastle have had their sponsorship agreements with PIF-linked events company Sela and e-commerce company Noon subjected to the market value tests.
It is also applicable for any sponsorship agreements between City and other groups with links to the club’s City Football Group (CFG) ownership. City have always voted against or abstained against the introduction of APT rules at Premier League meetings.
In 2022-23, City posted Premier League record revenues of £712.8m (now ¢953m), of which almost half — £341.4m — was commercial income.
Much of City’s revenue came from companies with links to CFG. Etihad, the state airline of the United Arab Emirates, is the lead sponsor for both City’s shirt and stadium.
Leicester City are also implicated by the APT regulations. Their chief executive and chairman Aiyawatt Srivaddhanaprabha also controls the King Power company, which is the lead sponsor of the club’s jersey, stadium and training kit.
However, City and Newcastle’s close links to state investment offer them a more extensive network of related companies — which is why rival Premier League clubs mobilised to close the loophole.
UEFA also has its own fair-market value test. City’s legal case does not address those laws and the club will still have to comply with them in European competition.
The Athletic will bring you a full breakdown of the decision and its implications in the near future.
(Top photo: Visionhaus/Getty Images)
Sports
Bronny James puts together uneven showing at NBA G League Winter Showcase
ORLANDO, Fla. — Well, the glass-one-quarter-full perspective on the Bronny James Show this weekend is to say it could have been worse. But it certainly could have been better.
The NBA G League Winter Showcase came to Orlando, Fla., this weekend, and with the Los Angeles Lakers’ decision to assign James for this event, he immediately became the star attraction, with both games nationally televised.
This was a 20-year-old rookie playing his third month of professional basketball, and I’ve certainly seen more tragic performances from young prospects learning the hard way at this level. But on a court mostly filled with players whose NBA careers will be measured in 10-day increments, James failed to stand out and at times struggled to keep up.
He got off to a hot start in his first game Thursday en route to a 16-point, five-assist night but struggled badly in the second one (six points, seven assists, six turnovers) and was plagued by cringe ballhandling miscues in both. Single-game plus-minus is pretty unreliable, but James taking home a minus-13 in a game his team won by 16 on Saturday conformed with the general eye test.
Based on James’ other G League performances, these two games were not outliers. James drew attention earlier this month by scoring 30 points in a G League game against the Valley Suns, but that was far and away his best outing. In his other seven games at this level, he’s shot just 24 of 76 with an alarming turnover rate.
No, we don’t have this level of scrutiny for other late second-round round picks, many of whom have struggled just as badly or worse in their first two G League seasons (*cough* Maxwell Lewis *cough*). At least three players drafted ahead of James have been demonstrably worse in their G League minutes this season, and several others have failed to distinguish themselves as notably better.
But if you’re looking for something to get excited about, Lakers fans, I’m not sure I have much for you just yet.
Let’s start with the positives. James showed some flashes of pick-and-roll viability in his on-ball reps, especially when he could start the move with a hard dribble left around the screen. He was comfortable getting to a right-handed floater going that way and judicious about snaking it back to his right hand to either get to the rim or force a rotation and hit the big man.
In grab-and-goes and other transition situations, his hit-ahead passes were on point and caused problems for opponents. James also showed his two-footed leaping ability at times, including an impressive traffic rebound Saturday and a flying swat in transition.
Unfortunately, that didn’t offset the other areas in which he fell short. Generally a player ready to contribute at the NBA level will cook G League defenses pretty easily, especially an aspiring guard. James’ South Bay teammate Devonte’ Graham, for instance, rolled in off his couch and scored 24 on Saturday after going unsigned following his 2023-24 season in San Antonio.
For James, that did not happen. He struggled to control his dribble at several points, a red flag for a small guard who is listed at 6-foot-3. In Saturday’s second half, he committed the holy trinity of turnovers trying to bring the ball up against pressure, getting his dribble picked on one trip, failing to clear the backcourt in eight seconds on another and wandering back into the backcourt on a third. Asking him to play the point feels like a complete non-starter.
In the half court, he could work with a screen, but isolations were a different story. James has no wiggle to his game and couldn’t shake defenders in one-on-one matchups after switches and hasn’t established himself as a legitimate 3-point threat either on or off the ball. He made two of his eight attempts from 3 in Orlando and is 7-of-33 from distance in his G League season. Between that and his limited ability to get to the cup on his own steam, his true shooting percentage of 45.4 heading into Saturday was alarmingly poor.
Of perhaps equal concern is that James’ likely role at the NBA level would be as an athletic energy guy, but his motor just doesn’t seem to run that hot and cut out at several different points. James is a good athlete with a strong frame, but you don’t “feel” him in the course of a game because his activity level is so low. Notably, there were several moments when he lazed back in transition rather than sprinting back to interfere with an opposing break; off the ball, he wasn’t nearly as active or handsy as you would hope for a small guard.
In what is perhaps a related story, fatigue seemed to be a real issue for him in both games, especially after a few minutes on the court. It was only two games, but watching him here, it sure seemed like he’d start each stint on the court with two or three good minutes, and then his glitch rate would go through the roof soon after.
Ultimately, the takeaway from many here to chronicle his performance was to go ahead and get familiar with our surroundings, because we’ll probably be doing the same thing again next year. The same can be said of a lot of the players here, especially the late draft picks, but only one of them is the son of a legendary superstar.
(Photo of Bronny James: Scott Audette / NBAE via Getty Images)
Sports
Chiefs' Patrick Mahomes eases ankle injury concerns, sets personal rushing mark on touchdown run
The status of Patrick Mahomes’ ankle was widely discussed leading up to Saturday’s game between the Kansas City Chiefs and Houston Texans.
While there was some doubt during the week whether the star quarterback would play against the Texans, he was able to fully get through the Chiefs’ practice Thursday.
Mahomes was cleared to play and finished Saturday’s 27-19 victory over Houston with 260 passing yards.
But the three-time Super Bowl winner turned some heads when he managed to stay on his feet after nearly being tripped and sprinted into the end zone for the first score of the game.
Mahomes was sidelined in the fourth quarter of the Chiefs’ Week 15 game against the Cleveland Browns. Backup quarterback Carson Wentz stepped in for Mahomes and finished the 21-7 win over the Browns with 20 passing yards.
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Mahomes’ 15-yard scramble Saturday marked the longest rushing touchdown of his career. Moments after Mahomes crossed the goal line, broadcaster Noah Eagle wondered, “What bum ankle?”
This was not the first time Mahomes dealt with an ankle injury.
During the 2022 NFL postseason, Mahomes sustained what appeared to be a high ankle sprain in a divisional round playoff game against the Jacksonville Jaguars.
The win over the Texans improved the Chiefs’ record to 14-1. Kansas City had already clinched a playoff berth after winning the AFC West a ninth straight year.
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Sports
Prep basketball roundup: Eastvale Roosevelt wins championship at Tarkanian Classic
Don’t doubt the Eastvale Roosevelt Mustangs this basketball season. Runner-up to Harvard-Westlake last season in the Southern Section Open Division final, the Mustangs return most of their top players and gave everyone a reminder of how good they could be by winning the Tarkanian Classic Platinum Division championship on Saturday at Bishop Gorman High in Las Vegas.
Roosevelt (11-1) fell behind by as many as 15 points in the early going before handing Sherman Oaks Notre Dame (12-1) its first defeat 76-58. Brayden Burries, considered the best unsigned senior in California, was named tournament MVP and finished with 26 points. Issac Williamson had 19 points and Dominic Copenhagen 10.
Notre Dame trailed 35-34 at halftime and by 10 points after three quarters. Lino Mark received little playing time because of an apparent injury. Tyran Stokes had 20 points and 11 rebounds while Zachary White added 18 points for Notre Dame.
Redondo Union 79, Layton Christian 66: The Sea Hawks (10-1) took third place in the Platinum Division of the Tarkanian Classic. Hudson Mayes made 10 of 15 shots and finished with 24 points. SJ Madison added 18 points.
Leuzinger 75, Denver South 66: In overtime, Leuzinger won its division in the Tarkanian Classic. Joshua Garland scored 23 points and tournament MVP Malachi Knight had 17 points for 10-3 Leuzinger.
Seattle Rainier Beach 82, Westchester 74: Tajh Ariza scored 36 points in the loss for the Comets.
Chatsworth 75, Wilsonville (Ore.) 45: Alijah Arenas had 25 points, 10 rebounds and 10 assists for the Chancellors (8-1) in Oregon. Tekeio Phillips added 13 points.
St. Pius X-St. Matthias 88, Arizona Basha 67: Harvard-bound Douglas Langford Jr. finished with 37 points.
Camarillo 76, Righetti 27: The Scorpions improved to 12-1 behind Jackson Yeates and Cajun Mike-Price, both of whom had 16 points.
Saugus 64, Palisades 62: Bryce Mejia made the game-winning basket for Saugus and finished with 17 points. Max Guardado led the way for the Centurions with 25 points.
Santa Margarita 87, Murrieta Valley 64: Kaiden Bailey made five threes and finished with 18 points and Drew Anderson added 18 points for the 8-1 Eagles.
Foothill 65, Ventura 42: Lorenzo Turner had 15 points for 10-3 Foothill.
Heritage Christian 67, Oakwood 23: Tae Simmons made all 15 of his shots and finished with 30 points for 12-0 Heritage Christian.
Girls basketball
Sierra Canyon 75, Nevada Democracy Prep 47: The unbeaten Trailblazers (8-0) won their division of the Tarkanian Classic. Center Emilia Krstevski led the way with 23 points.
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